How does the Shanghai Gold Exchange open an account for trading?

Shanghai Gold Exchange (SGE) is the most important gold trading market in China, providing spot and futures trading of precious metals such as gold, silver and platinum. To open an account in Shanghai Gold Exchange, you need to follow the following steps:

1. Prepare account opening information:

A. identification: the original and photocopy of my ID card.

B bank card: original and photocopy of debit card, which is used for settlement and fund transfer.

C proof of residence: such as household registration book, water and electricity bills, etc. To prove your permanent address.

2. Select the account opening method:

A. Online account opening: log in to official website of Shanghai Gold Exchange or download the official APP, and follow the prompts to register and open an account.

B. Off-line account opening: Go to the account opening branch designated by Shanghai Gold Exchange, submit account opening materials and go through account opening procedures.

3. Fill in the account opening application form:

Fill in the account opening application form as required, including name, ID number, contact information, etc.

4. Sign the risk disclosure:

In the process of opening an account, you need to sign a risk disclosure statement, indicating that you have fully understood the risks of precious metal trading and are willing to bear possible losses.

5. Deposits received:

According to the requirements of exchanges and brokers, deposit a certain amount of margin for secured transactions.

6. Start trading:

The trading system of Shanghai Gold Exchange can be used for precious metal trading, entrusted declaration and inquiry trading.

It should be noted that the Shanghai Gold Exchange has a membership system, and you need to trade through the member units of the exchange (such as banks and brokers). When opening an account, you can choose a reliable member company to know their commission rate, trading software and other information, so as to better carry out precious metals investment.

In addition, precious metal trading involves great risks, so it is recommended to fully understand market rules, trading strategies and risk management methods before starting trading to ensure investment safety.