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China Oceanwide offers various types of brokerage accounts to cater to different investment needs. The primary account types include:
Discretionary Accounts: In these accounts, brokers have the authority to make investment decisions on behalf of the client without prior consultation. This type of account allows brokers to buy and sell securities at their discretion, based on the client's investment goals and risk tolerance.
Managed Accounts: Also known as separate accounts or wrap accounts, these are a type of discretionary account where investment management is tailored to the client's specific needs.
Advisory Accounts: Unlike discretionary accounts, advisory accounts require brokers to consult with clients before making trades. This type of account is suitable for clients who prefer to have more control over their investment decisions.
Cash Accounts: These accounts allow investors to buy securities only with the cash they have available. No borrowing is permitted.
Margin Accounts: In margin accounts, investors can borrow funds from the broker to purchase securities, allowing them to buy more than they could with their available cash.
Opening a broker account with China Oceanwide involves several key steps:
Choose the Account Type: Determine which type of account suits your investment goals, whether it be a discretionary account, managed account, or another type.
Complete the Application: Fill out the account application form, providing necessary personal information such as:
Submit Required Documentation: Along with the application, submit any required documents for verification. This may include proof of address and financial information.
Funding the Account: Once your application is approved, you can fund your account. This typically involves transferring money from your bank account to your brokerage account.
Account Verification: The brokerage will review your application and documents. Approval can take a few hours to a couple of days, depending on the circumstances.
Start Trading: After your account is funded and verified, you can begin trading securities through the China Oceanwide platform.
For more detailed information, you can visit the official website of China Oceanwide or contact their customer service.
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