Spot gold account opening process steps

July 22, 2020

Let us first understand what is spot gold

Spot gold (also known as international spot gold and London gold) is a spot trade, which means delivery after the transaction is completed or within a few days. Spot gold is an international investment product. The gold companies establish trading platforms and conduct online trading transactions in the form of leverage ratios to form investment and wealth management projects. Spot gold is also commonly referred to as the world's largest stock. Because the daily trading volume of spot gold is huge, the daily trading volume is about 20 trillion US dollars. Therefore, no consortium and institutions can artificially manipulate such a huge market, relying entirely on market regulation. There is no banker in the spot gold market, the market is regulated, the self-discipline is strong, and the regulations are sound.

Second, let us know the steps of the spot gold account opening process:

Step 1: Open an account with a private account (prepare to open an account)

1. Fill in the account opening application form, submit the application, the company will conduct a telephone or email review, and the account opening is successful.

2. Sign the "Customer Agreement" (this must pay attention to several locations to be signed, as well as matters needing attention. Be sure to write down the detailed address of your personal domestic bank account, such as XX Bank XX Branch XX Branch. The mailbox should also be clearly identified, because it is related to your withdrawal. If you have any questions, please find your investment advisor.)

3. Bank deposit

Step 2: How to send money

After the account is confirmed, you can go to the bank or post office to send money. The customer will directly transfer the funds to the company's designated bank account through bank wire transfer or China Post remittance service.

Step 3: Remittance confirmation

The customer deposits the money into the company's designated bank account and obtains a bank deposit receipt for confirmation.

Step 4: Customers download the real trading platform

Once the customer has completed the login account number and password, they can log in to the transaction.

supplement:

First, the type of gold account opening

The types of gold investment are divided into spot gold, futures gold, paper gold, and gold derivatives. The international market is dominated by the United Kingdom and the United States. The UK is mainly a spot gold market, which is what people usually call London gold. The United States is mainly a futures market. China's open gold market is after 2002. Now there are paper gold launched by various banks, gold T+D of Shanghai Gold Exchange, Tiantongjin launched by Tianjin Stock Exchange, self-operated prepayment electronic order issued by strong gold company. System, the futures exchange of gold futures can choose to open an account.

Second, the spot gold account opening account required documents:

The investor's valid ID card or passport, a personal bank soft card in China (passbook) and proof of residence address.

Residence address certification requirements:

Investors are required to provide proof of current residence address to ensure that investors can receive information sent by Datang Financial Group. Proof of residence address can be used: water and electricity bills, telephone bills, gas bills, fund statements, insurance statements, credit card statements, etc. The premise is that the document must be machine-printed and must have the customer's name and full address.

Third, the investor withdrawal process:

1. The investor downloads the gold application form on the official website of the formal platform that he has inspected.

2, the investor himself fills out and signs it and sends it to the formal platform for his own inspection.

3. The formal platform that you inspected will contact the investor for identity verification within a short time after receiving the withdrawal request.

4. After confirming the correctness, the funds that will be transferred from the formal platform that I have inspected will be transferred to the domestic bank account associated with the investor’s account opening.

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