1 thought on “What does OTC account mean?”

  1. OTC is a counter trading, also known as the off -site trading market. The OTC account is that when investors want to participate in the overseas trading market, they need to open a trading account in securities companies involved in off -site transactions.
    The foreign trading market is actually an abstract securities trading market composed of millions of securities companies. There are no fixed places in the OTC market when trading, and there are no strict controllable rules and systems. Different securities companies may be different when opening account opening. Generally, the conditions for opening an account in the Shanghai and Shenzhen stock market plus funds, most of the requirements are more than one million, depending on the requirements of each brokerage company.
    The content of this article comes from: China Legal Publishing House "Legal Life Common Sense of Legal Life Series"

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