投資美股零手續費券商：Firstrade完整教學

Hello everyone, I'm Terry. About 8 months ago, I made a video to share with you the 3 most commonly used platforms for investing in US stocks. Firstrade, IB and FW. I would still recommend that there is no special reason not to use FW. Because the fee is really not enough. The concept of FW is that the Taiwanese stockholders will help you to buy and manage these stocks. And any shareholder rights must be managed by the Taiwanese stockholders.

Like the previous TESA shareholders' meeting I remember someone said that Taiwan's non-commercial investors need to receive $100 in fees to help you vote for your agent. This is quite ridiculous Because normally, as a shareholder, you are the shareholder, this is your right. They shouldn't take your money to do this for you. This is what they should do. OK, the main character of this video today is Firstrade, which is a trading company with fees. From the last video I made to now Firstrade has actually updated a lot So today I want to share this video with you

Full Firstrade user training, advantages and disadvantages, and things to be aware of for ordinary investors. Oh, and their credit card. I used those insights in the US. Why choose Firstrade? For most retail investors, Firstrade is indeed a good platform. There are also many people in Taiwan using it, including myself.

Let's talk about Firstrade's background first. Firstrade's headquarters is in New York, and it has a history of 40 years. Firstrade has the same standard SIPC federal insurance as other American exchanges. They are also responsible for your funds and investments. Because these exchanges are under the strictest supervision of the United States. No matter which nationality you are, SIPC insurance is effective. This has nothing to do with your nationality and location. Let's take a look at Firstrade's transaction fees. This is also the main reason why everyone uses Firstrade.

The ETF is completely free of fees, especially the contract fee. So it's very friendly for short-term transactions or investors who have the need. Mutual funds is also free of fees. And their family also provides fixed income, which is bonds, such as U.S. state debt, company debt, CD, etc. So the product line is quite rich.

There are some other expenses such as the cost of the initial payment of the electricity bill is $25. In terms of income, Firstrade provides a subsidy for the payment of the fee. These are all provided by other paper merchants. I will talk about some details later. Here you can see that compared with some other mainstream paper merchants, E-Trade, Charles Sharp, Fidelity, the cost is quite competitive.

For the general investor, the transaction is completely free. The most cost-saving part is the electricity bill. Because American users can use ACH to pay for electricity bill, it's completely free. But other overseas users such as Europe, China, Hong Kong, Macau, Taiwan users, if they don't have a US bank account, they can only pay for electricity or WISE on Firstrade. For electricity bill, we use the US dollar account of China and Taiwan. Because I used that account to help me run through the full process of paying for electricity several times.

The fee for each electricity bill transferred from China to China is 300 Taiwan dollars. You can choose to pay in Taiwan dollars or US dollars. I've tried it myself. It's 300 Taiwan dollars. It's about 9.5 US dollars. When this money is transferred to the first trade bank, for example, if I transfer this 15,000 dollars,

The first trade is 14980 There will be a total of 20 dollars in the bank's payment fee So the total income loss is about 30 dollars per bill If your income is more than 10,000 dollars per bill They will give you a 25 dollar income supplement That is to say, if your income is more than 10,000 dollars per bill Then your income loss is less than 5 dollars per bill So if you want to enter the gold I would also recommend that you try to make it more than 10,000 dollars per bill

But what you need to pay attention to is that the $25 bonus is only three times a month So it's better to make more money at once and it's more cost-effective I've heard some friends say that you can use Linebank to make a payment The receipt of the fee will be less It's a newer and more convenient way Of course I haven't tried it myself, you can go and study it

Recently, Firstrade also shared how to use WISE to bind the electronic transfer of ACH to make the transfer of money faster and more convenient. After binding, the transfer of money is almost immediately transferred. I will put the link of the information article below for how to set it. It is quite convenient for users who already use WISE. As for the initial payment, Firstrade receives a initial payment fee of $25. The fee for the payment of the transaction on the national, state, and municipal, Chinese and Chinese network banks is 200 Taiwan dollars.

If you have plans to pay out of the bank, I recommend you to measure the rate and amount of payment based on your own needs. This can effectively manage the cost of your payment. Let me talk about the whole operation process. First, you need to open a Firstrade account. You can use the link below my video to register. It's very easy to open. It takes less than 5 minutes to complete. Just enter your basic information. The tax number of the residential area is your ID number. Then the address part needs to be typed in English.

You can translate it with the Chinese and English address of the Chinese and Chinese passport Then upload your passport After that, fill in some basic risk information These are the standard procedures for US accountants to open a account. Fee or credit card,期权交易,延长时段交易 These are all up to your own needs For the most basic investment retail, it should not be used.

By the way, in addition to basic before and after trading, Firstrade plans to launch overnight trading in the first quarter of next year. From 8:00 a.m. in the US Eastern Time to 4:00 a.m. the next day, 5 days a week can make investors more flexible to trade outside of normal trading times. In other words, you can trade US stocks during the day in Taiwan. No need to wait for the US to open the market.

After you have filled out your user information, it will take some time to review. Generally, it is one to two working days. If it is more than three working days, you can check your e-mail. Maybe you need to fill out some documents. If you haven't received anything, you can ask the customer service. They now have a Chinese customer service that is not closed all year round. You can call them.

There are also online customers on Facebook Messenger and WeChat. The first step after opening a account is to enter the bank for the first time. I don't know other banks in Taiwan, but let's take the case of National Tai Si Hua. Your first e-commerce to their account You need to go to the cashier to apply for a bank account. You can see the information of the bank account in your account. Take a screenshot of this information or print it out.

Then get the bank and tell them that you want to transfer the money to a foreign brokerage The first rate lending bank is BMO in the United States After you transfer the money They mainly know who transferred the money It depends on the payment of your deposit Here you have to remember to fill in the 8-digit account of your first rate account And your English full name I accidentally forgot to fill in the payment when I was paying You don't have to worry too much Because they will compare the full English name of your account If you can't find the corresponding account They will also withdraw this deposit

Remember to use your own bank account to deposit Don't use someone else's account If the name of the deposit bank account and the name of the first rate account do not match Then they may withdraw the deposit When filling out the deposit form There are a few more important information The country of the borrower The currency must be filled in in US dollars The account and name is Apex Clearing Corp

The bank you are charging is BMO Harris. And then there is Swift Code, don't write it wrong. If you choose to pay all the fees yourself, it will be 800 Taiwan dollars. In other words, if you change it to US dollars, it will be less than 25 Taiwan dollars. So if you choose to pay all the fees yourself, it means that there is no cost at all.

Because Firstrade will give you a $25 deposit of deposit and payment Of course, the fees for each bank are different Just like the national and Thai market currency I use is 800 Taiwan dollars OK, when you fill out the form The bank will help you deal with your first deposit In fact, the electricity bill is very fast now

After 1-2 days, Firstrade will notify you to receive the money. After completing the first entry, you can operate the app on your phone. You don't need to go to the cashier to handle it. But you need to pay $15,000 for the first time. If you want to transfer more than $15,000, you can use the online version.

If you use the web version of the app on your computer, you can earn $100,000 per coin. But the most troublesome thing is that you need a card reader. Let's talk about the initial fund. It is to transfer funds from Firstrade to your Taiwan bank account. This process is also very simple. First, we go to Firstrade's account and select the fund. Then the option is to deposit. The information of the deposit is based on the national and private sector.

You can find the account information in the upper right corner of their app. There are all the English transfer information. The most important ones are your name, bank, SWIFT code, and account. When you type SWIFT, it will automatically jump out of the National Taiwan Bank. Enter your bank account. The city is Taipei. Write Taiwan. National Taiwan Bank is 110.

You don't need to choose a middle-class bank The purpose is to write withdrawal Then you can click on "Save Bank Information" After confirming that there is no problem, you can submit it This completes the entire process of payment Very simple OK, let's talk about the other service that Fullstrate provides users If your assets are more than $25,000 You can apply for their credit card For example, if you often come to the United States or often spend in the United States You can use this card to buy things in actual stores or online in the United States Although using this card to get local ATM in the United States There is no additional fee

But the machine itself may receive the fee So you need to pay attention to this For overseas users The biggest advantage of this card is If your assets are above $25,000 There will be a free fee transaction every month That means if you use this card to pay a debt Or take a loan at ATM

No matter where in the world, as long as the amount of transaction is not US dollars, there is a 3% discount fee per month. For example, if you receive 30,000 Taiwan dollars for the first time in Taiwan this month, they will deduct US dollars in the actual exchange rate of Visa. Of course, it depends on the ATM, it may take a little fee. But for example, if your first payment is online, there is no cost of fee at all.

This can save you a small amount of monthly payment for the electricity bill. For example, you just want to pay 30,000 Taiwan dollars. Or buy something for 30,000 Taiwan dollars online. That's particularly cost-effective. But you have to pay attention to one thing. Every transaction here still has a limit. The ATM limit is 1,000 dollars. Consumption is 10,000 dollars in the United States. The outside is 2,500 dollars.

The exchange fee for the first transaction per month is 3% So it's quite expensive I don't recommend it Unless you urgently need money Of course, you can also use it as a hard-to-reach fund OK, let's summarize my own view on Firstrade I think for ordinary investors Firstrade is actually very enough Plus they are completely free of transaction fees Whether it's a web version or a mobile app user The interface is relatively simple

and the Chinese is also quite perfect I have used Firstrade and other publishers such as IB and Shrub Of course, when choosing a platform, the most important thing is which platform provides you with the most necessary functions and services If you want to open Firstrade, remember to use the link below my video to open it

This is also a kind of support for my channel Because I will get a little recommendation fee If you think the video is helpful to you Remember to give me a thumbs up You are also welcome to leave a message below the video Share some of your first trade experience Or some information that I may have missed See you next time