The conditions for opening an option split account are like a difficult problem, facing those who want to participate in options traders. These conditions are like a passport to a wonderful world. Only when traders meet these requirements can they enter this fascinating market. What are the conditions for opening an option account? This article comes from: Option Sauce
1. The conditions for opening an option trading account are:
1. The investor suitability assessment is above 90 points and the risk tolerance assessment is above "stable".
2. The total market value of the securities and the available balance of the capital account at the end of the previous trading day in custody at the securities firm at the time of application (excluding funds or securities introduced through margin trading and securities lending transactions) shall not be less than RMB 500,000.
The market value of securities refers to the market value of stocks, securities investment funds, bonds or other securities specified by the exchange listed and traded on the stock exchange, such as Hong Kong stocks purchased through Southbound Trading.
3. Have been trading in the designated securities firm for more than 6 months and have a margin trading account or financial futures trading experience (financial futures trading experience refers to completing more than one transaction at a securities firm).
4. Have basic knowledge of options and pass the corresponding level knowledge test recognized by the exchange (you must take the knowledge test level by level. Those who fail to pass the previous level test are not allowed to take the next level exam. The knowledge test results are valid for a long time and can be used in the future. Other options operating institutions apply to open an account, unless otherwise specified by the exchange).
2. Clients must not have serious bad integrity records, and must not be affected by laws, administrative regulations, rules, and exchange business rules that prohibit or restrict stock option transactions.
Meeting these conditions is a prerequisite for opening a personal stock options account to ensure that investors have sufficient knowledge and experience to participate in the options market.
2. What are the conditions for opening an option split account?
First of all, the account holder needs to be at least 18 years old, which symbolizes the threshold for us to enter adulthood and means that we can take responsibility for our own actions. At the same time, the account holder also needs to have a good credit record, which is like a mirror of integrity, reflecting our moral character and sense of responsibility.
Secondly, the account holder needs to have a certain risk tolerance. This is like the courage to climb a mountain. Only those who dare to face risks and are not afraid of difficulties can climb the peak of options trading and appreciate the unique scenery.
Thirdly, the account holder needs to have the financial strength to match options trading. This is like a camel crossing the desert. Only by storing enough energy can it survive in the desert of this transaction and reach the other side of the oasis.
Finally, the account holder also needs to pass the option account opening exam. This is like the key to wisdom. Only by mastering the necessary knowledge and skills can you open the door to options trading and enter this world full of opportunities and challenges.
Generally speaking, opening an option split account is exactly the same as opening an SSE 50 ETF option account at a brokerage. The only difference is that one is a brokerage and the other is an options split platform. Each transaction flows into the market.
Every transaction you make in the option margin software will have a Shanghai Stock Exchange transaction code, which is accurate to the second. You can place limit orders to test whether they are genuine or fake.
It should be noted that although the conditions for opening an option account are relatively loose, options are high-risk trading products, and investors need to fully understand their risks and returns and make investment decisions with caution.
In general, the conditions for opening an option split account are strict, but as long as we meet these conditions, we can move forward bravely in this market full of opportunities and challenges. Let us work together to reach the other side of options trading!