How to open stock trading account
Investors may only open one trading account, when the account is not a discretionary account, at the same business premises of the same securities broker. An offshore foreign institutional investor may open more how to open stock trading account one investment trading account at the same securities broker premises including branches where his status falls under the Operation Directions for Applications by Overseas Chinese, Foreign How to open stock trading account, and Mainland Area Investors for Registration to Invest in Domestic Securities or Trade Domestic Futures.
Domestic professional investors may also open multiple accounts at the same securities broker premises where his status falls under rule 19 of the Regulations Governing Securities Firms. Overseas Chinese or a foreign national wanting to open an account for the trade of securities must be above the age of 20 and shall register with Taiwan Stock Exchange. Please see the website for more information regarding the registration process and required documentation at: Upon discovering that an investor falls in any of the following categories, a securities broker shall refuse to open an account to, or, if an account has already been opened, refuse to accept orders for brokerage trading or subscription of securities: Incapacitated persons without legal capacity or with limited legal capacity, who do not have the agency or authorization of their legal guardian.
Personnel or employees of the Competent Authority in charge of securities matters without a letter of consent. Employees of the TWSE without a letter of consent. Persons declared bankrupt and whose rights have not been reinstated.
Interdicted persons who are not represented by their statutory agents. How to open stock trading account persons opening accounts that cannot supply proof of authorization to open the account. Securities dealers who have not been approved by the Competent Authority. A principal who has engaged a director, supervisor, or employee of a securities firm to open an account with such securities firm as an agent or representative of the principal.
When more than one discretionary investment account has been opened at the same business premises of the same securities broker by the same principal with respect to the same authorized discretionary trader; provided, this restriction shall not apply to a principal that is a government fund such as a civil servant pension fund, labor pension fund, labor insurance fund, or postal remittance and savings fund and that, when authorizing the same authorized discretionary trader for discretionary investment, may open, at the same business premises of the same securities broker, different discretionary investment accounts for different brokerage contracts.
Investor applying to transfer his discretionary account to regular account. Any person that has breached a contract relating to securities trading, where the TWSE or the Over-the-Counter Securities Exchange have notified all securities brokers of this fact, where the case has not been closed and less than five years have elapsed.
The contra orders of the margin trade and day trade on the notification day are not included. Any person that has violated the Securities and Exchange Act or been suspected of forging altering listed or OTC securities documents and has been under public prosecution, or has been adjudicated criminally guilty by a final and unappealable court judgment within the last five years.
Any person that has how to open stock trading account a futures contract where the case has not been closed and less than five years have elapsed, or that has violated future trading laws or regulations and has been adjudicated criminally guilty by a final and unappealable judgment of a judicial authority within the past five years.
Besides, they could check the above information on the TWSE website of http: Its base year value as of was set at Stocks of newly listed companies are included in the sample from the first trading day of the next month following one full calendar month from listing; provided, stocks of listed companies converted into financial holding companies and listed companies transferred from OTC market are included in the sample from the day of listing.
Stocks suspended from trading are included in the sample from the first trading day of the next month following one full calendar month from reinstatement of normal trading; provided, stocks suspended from trading because of how to open stock trading account of replacement shares due to capital reduction resulted from a corporate split are how to open stock trading account in the sample from the day of resuming trading of the new shares.
Stocks which trading method is changed to "Full-Delivery" are excluded from the sample. TAIEX is characterized in which large cap stocks would have greater influence on the index than small-cap stocks. The per-share earnings are typically that of the company in the previous year. Investors could inquire the information about their trading accounts opened at different securities firms at archive of TWSE located how to open stock trading account 3rd floor of Taipei Tower from Monday through Friday, 9: A securities broker may not use its own capital or securities holding, or borrow funds or securities to settle transactions on behalf of its clients.
A "put warrant" offers its holder the investor the right to sell and a "call warrant" offers its holder the right to buy underlying equity at a predetermined price strike price on specified dates European styleor at any time, up to the end of a predetermined time period American styleor settle the difference in cash.
You are advised against offering your account or providing any information thereof to any other person. We offer the following instances: It is a well known phenomenon that "big-lot players" in the market will attempt to entice investors, as part of a lucky draw contest, to give these players information regarding investors' 1 trading accounts; 2 bank accounts for payment transfer ; and 3 central depository accounts and use these accounts to place subscription orders participate in lot-drawingtransfer funds, and then sell the stocks won in lot-drawing to make quick profits.
You are advised against letting others borrow your 1 trading accounts; 2 bank accounts for payment transfer ; and 3 central depository accounts as dummy accounts for subscription of stocks, as you will ultimately bear the risks of "default trade" and "evasion of gift tax" associated how to open stock trading account this kind of scheme.
Pursuant to Clauses 3, 13, and 15 of Article 37 of Rules Governing Securities Firms as well as Clauses 7, 8, and 19 of paragraph 1 of Article 18 of Rules governing the Responsible Person and Associated Persons of Securities Firms, a securities firm and its employees shall not engage in the following conducts: The closing price shall be how to open stock trading account price of trades matched upon accumulation of all trading orders over a period of time prior to market closing i.
Where unexecuted, the closing price shall be the last traded price during the current session. The trading orders shall be given in a single trading unit or multiples thereof. The trading unit of stocks shall be 1, shares of 10 dollar par value stocks.
The trading unit of government bonds and corporate bonds shall be bonds with par value ofdollars. Where a portion of the principal of government bonds and corporate bonds has been paid, the trading unit shall be calculated based on its remaining principal. No, the trading of listed stocks shall be conducted in the Exchange except in the following situations: Transactions in government bonds.
Due to the operation of laws, the transacting parties are unable to acquire or dispose of the ownership of the securities through trading on the centralized securities market. Direct private transfer of securities not in excess of one trading unit, and the interval between two such transfers is not less than three months.
Other transactions in conformity with the regulations prescribed by the competent authority.