ATFXSharing: How to handle the cancellation of stock accounts and avoid investment fraud

If you are buying stocks or on the market funds, you need to have a securities account, also known as a stock account, which can be opened at a securities company. If you do not want to cancel your existing stock account, you can apply for cancellation yourself or seek the help of a securities company employee.

How to handle the cancellation of a stock account?

【1】SecuritiesAPPSelf service account cancellation: available at8:00-23:00Click to cancel all or separate shareholder accounts, fund accounts, and customer numbers according to the page prompts;

【2】On site account cancellation by the sales department: The account is held by the person carrying their ID card on the trading day9:00-11:30，13:00-15:00Handling at the counter.

Ru ShenAThere are multiple securities firms sharing it, and the cancellation will affect the trading of other securities firms;Non second-generation ID card account opening customers can only apply at the counter and need to make an appointment in advance;The fund account has been cancelled, and the shareholder account opened in the securities company can be supplemented through special account cancellation.

What's wrong with the failure to close a stock account?

【1】The holding balance of the securities account applied for cancellation is not zero;

【2】The securities account applied for cancellation is in an abnormal state, and there are transactions and outstanding business related to the account on the day of cancellation;

【3】There are some permissions that affect self-service account cancellation, such as quote repurchase permissions.

The conditions required to cancel a securities account:

【1】There are no positions or funds in the securities account, and there are no transactions or fund flows on the same day;

【2】There are no open transactions(For example, during the subscription period of new shares, the reverse repurchase of treasury bond bonds has not expired, etc);

【3】If there are two financing accounts in the securities company, it is necessary to cancel the two financing accounts before canceling the ordinary account;

【4】In the case of redemption of products such as fund management that have not yet arrived, it is necessary to wait for the funds to be transferred out after arrival before proceeding.

Opening a stock account does not take effect immediately, nor does closing a stock account take effect immediately,APPSelf service account cancellation generally requires1-4Trading days;On site account cancellation in the sales department generally requires3-5Trading days.