Ways to buy foreign exchange:
1. Bank
Banks are a relatively common source of foreign exchange buying. You need to bring your valid ID to the bank to open a foreign exchange transaction account, sign the individual firm foreign exchange transaction agreement, and deposit the foreign exchange. You can also transfer your current cash account deposit to a bank dealing in personal foreign exchange transactions. Handle account opening procedures for online transactions and entrusted transactions by telephone.
For over-the-counter transactions, bank of China and Bank of Communications have no limit on the initial opening amount, while INDUSTRIAL and Commercial Bank of China and China Construction Bank have an initial opening amount of $50. If the telephone transaction is adopted, the starting amount for bank of Communications is the foreign currency equivalent of us $300, and the starting amount for INDUSTRIAL and Commercial Bank of China is the foreign currency equivalent of US $100.
2. Platform traders
Individuals or institutions that trade foreign exchange can buy and sell foreign exchange through platform traders. At present, China does not allow domestic companies to trade foreign exchange margin. If you want to trade foreign exchange on margin, you can open a trading account with a foreign trader.
Tips: Political turmoil in Europe, Draghi may resign, ECB rate hike expectations will not ease the euro selling pressure. For specific operation, please pay attention to the Reelfinancial.com. The market is changing rapidly, so investment should be cautious. The operation strategy is for reference only.