Encryption meme stocks have become the new battlefield for cryptocurrency traders! How to buy and sell virtual money concept stocks through sub-delegation or overseas brokerage firms?

As Crypto Assets gradually enter TradFi, stablecoin issuer Circle and the Bitcoin reserve strategy pioneer MicroStrategy have become well-known stock names among investors. Moreover, more Bitcoin reserve strategy companies, SOL reserve strategy companies, and even companies that use ETH and TRX as reserves have sprung up like mushrooms after the rain, most of which have seen several times the pump in the early stages, even more astonishing than the Crypto Assets themselves! This article will introduce how to join this new blue ocean market by opening overseas securities accounts or through sub-delegated accounts.

What are the advantages and disadvantages of opening an overseas securities account?

There are two ways to invest in overseas listed companies, the most direct is to open an overseas securities account, if investors who need normal trading are recommended to open an overseas account directly, because most brokerages claim that they do not charge trading fees, if they are accustomed to frequent trading to earn spreads, they can save a lot of transaction costs.

Currently, many overseas brokerages offer online account opening processes. American brokerages such as Firstrade, Charles Schwab, and Interactive Brokers are popular options commonly used by Taiwanese individuals. By simply filling out the information online and uploading identification documents, one can quickly open an overseas securities account.

The disadvantage of opening an overseas securities account is that the funds are to be remitted overseas, the exchange fee is usually about 1,000 Taiwan dollars at a time, depending on the fees of each bank, and the brokerage will also charge a handling fee when repatriating, which is not suitable for frequent deposits and withdrawals, which is suitable for investors who want to diversify some of their assets overseas.

Regarding the complete teaching of U.S. stock account opening, the author recommends Mr. Market's special article, please refer to it by yourself, Chain News does not charge commissions, and does not bear any responsibility for recommendation.

How to open a sub-account? Is it better to settle in TWD or foreign currency?

A more convenient way is to place orders directly through Taiwanese brokers via a sub-delegated transaction, with funds held in a bank in Taiwan. In case of any unforeseen circumstances, there are Taiwanese operators to assist in communication.

What is delegated trading?

Sub-brokerage ( is officially named "Trustee for the Trading of Foreign Securities Business," allowing investors to avoid flying overseas to open a securities account. Instead, they can open a "Sub-brokerage account" with a domestic securities firm that has the qualification for overseas securities sub-brokerage and use this account to buy and sell foreign stocks. After receiving the order, the domestic securities firm places the order with a foreign securities firm. Since the order goes through both domestic and foreign securities firms, it is called "sub-brokerage."

How to open a delegated account? What kind of investors is it suitable for?

Taiwanese investors can directly open a sub-account through brokers. If investors already have a Taiwan stock securities account, most can directly open a sub-account on the broker platform. Taiwanese brokers' sub-accounts generally support investments in the United States, Japan, Hong Kong, Shanghai-Hong Kong Stock Connect, and Shenzhen-Hong Kong Stock Connect, allowing investors to access multiple overseas markets without the need to open accounts one by one.

However, delegated trading will incur two layers of fees, including fees from Taiwanese brokers and overseas exchanges, and most brokers have a "minimum fee," making frequent small transactions less advisable.

Another difference from the Taiwan stock market is that the entrusted trading adopts a circle storage system, where investors must ensure that there are sufficient delivery funds in the agreed delivery account, which includes the transaction price plus handling fees and various miscellaneous expenses, in order to place orders.

Should I choose TWD settlement or foreign currency settlement?

If you are an investor who does not trade often, the author recommends trading with a Taiwan dollar account first, which can eliminate the process of converting foreign exchange by yourself and calculating the handling fee first; However, if you are an investor who regularly trades U.S. stocks or the stock markets of other countries, you can first convert the foreign exchange in a foreign currency account when the exchange rate is low, which may save some costs on the exchange rate difference.

Should I choose overseas brokers or a sub-account?

The author has organized a comparison table of US offshore brokers and sub-brokerage services as follows. In terms of the Cathay United Bank sub-brokerage account that the author frequently uses, placing orders through its securities app incurs only a 0.1% trading fee for US stocks, with no minimum threshold limit, and it supports a wide variety of stocks. Any stock with a code displayed in the system can be traded. In contrast, the US broker Firstrade has restrictions on stocks with poor liquidity and those priced under 5 USD, which means many crypto meme stocks can be seen but not accessed.

But sub-delegated orders usually do not support long-term orders. ) For example, Firstrade has GTC orders that can last up to 90 days (, and investors need to place orders again every day, and sub-delegated orders do not support pre-market or after-hours trading.

Practical tutorial on the account opening process, using Cathay United Bank's sub-account as an example.

If investors already have a Taiwan stock securities account, they can directly select to open a discretionary account online on the ordering App. If not, they can open a securities account online at their commonly used bank. Taking Cathay United Bank as an example, as long as they meet the following conditions, they can apply online, and the author has tested that all processes can be completed on the same day.

Natural persons who are 18 years old or older in this country, and do not have the status of "U.S. taxpayer," multiple nationalities, or "guardianship or assistance declaration" status.

Hold a Cathay United Bank foreign currency savings account and maintain a valid mobile phone number registered with the bank.

After entering the Cathay Shihua CUBE App, click "Investment", "Start Experiencing Securities Services", and prepare your ID card and second ID card ) health insurance card, driver's license, and passport (, and follow the steps step by step to complete the online account opening. Then deposit the funds and you can trade stocks in multiple markets such as the United States, Japan, Hong Kong and China!

This article discusses how encrypted meme stocks have become a new battlefield for coin speculators! How to buy and sell virtual currency concept stocks through sub-delegation or overseas brokers? It first appeared in Chain News ABMedia.