DeFi Teddy
DeFi Teddy|May 24, 2026 08:18
Tiger Brokers and Futu have been banned—what other ways are there to trade U.S. stocks? 1. Domestic Channels - QDII Funds/ETFs (super simple, entry as low as 1 RMB) - Stock Connect (requires a securities account, with an average daily asset of ≥ 500,000 RMB over the past 20 trading days) - Cross-Border Wealth Management Connect (exclusive to the Greater Bay Area, with net assets ≥ 1 million RMB or annual income ≥ 400,000 RMB) 2. Blockchain Channels Check out the post below—you can participate using stablecoins, no KYC needed in some cases. Just make sure you're buying RWAs, not the stocks themselves. 3. Overseas Brokers True overseas brokers are not regulated by the domestic securities commission. IBKR (Interactive Brokers) is the largest, and Charles Schwab is also an option. Ideally, you should have an overseas bank account. 4. Switching to Hong Kong Identity for Tiger Brokers, Futu, etc. Even if you hold a Chinese passport, you can still trade on platforms like Futu if you have a Hong Kong ID. You can obtain one through various talent programs, studying abroad, work visas, or investment visas. 5. Hong Kong Bank Brokers For example, ZA Bank (ZA Card) or HSBC Easy Invest. Mainland residents can open accounts without a Hong Kong passport, but you’ll need to either visit Hong Kong in person or have your phone location set to Hong Kong. It’s unclear whether regulators will take action against this type of broker in the future.
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