KB Securities Global One MarketSilver allows you to buy foreign stocks with deposits in won without the need to exchange money. Another advantage is that there is no exchange fee.
Korean won (￦) when trading domestic stocks and overseas stocks (USA, China (Hugangtong, Songangtong), Hong Kong, Japan, Vietnam)
Transactions are possible with margin, and the required amount is automatically converted into the local transaction currency on the day of payment and payment is made.
Payment is automatically exchanged at the exchange rate confirmed at the time of order, and there is no exchange fee.
※ Limited to some currencies, Kookmin Bank real-time trading standard exchange rate applied (next day exchange rate is applied when the foreign exchange market closes)
Advantages of 'Global One Market' service
Since there is no exchange rate spread, there is no loss in currency exchange even if you buy on the same day and sell on the same day.
Because there is no exchange fee, it is easier and more convenient to calculate the profit and loss of foreign stocks.
It is convenient to manage both domestic and foreign stocks at the same time in one account, as both domestic and foreign stocks are traded with KRW-integrated margin.
Even in situations where currency exchange is impossible, you can quickly place an order for overseas stocks without exchanging money in advance.
Disadvantages of 'Global One Market' service
In the case of US stocks, you can purchase up to 95% of the deposit.
It is difficult to aim for a large exchange rate profit because the median value of the real-time buy-sell exchange rate is applied.
You cannot reinvest immediately after receiving dividends in local currency
Overseas stock orders cannot be ordered in local currency for One Market application accounts. You can only buy after changing the currency.
It seems convenient if you trade foreign stocks and Korean stocks at the same time in one account.
How to buy in dollars? Turn off Global One Market
If you have dollars in your deposit and want to buy US stocks with dollars, you can turn off Global One Market.
Global One Market can be turned on and off. You can do this by account.
When the exchange rate is low, I exchanged dollars and bought it after turning off Global One Market.
My strategy was this:
However, the exchange rate started to rise sharply while I was stupid because I did not know how to exchange money. ㅠㅠ
There is a more important issue.
On July 7th, Global One Market was devastated at the mutant virus market.
On July 7th, QYLD became the price I wanted, so I bought a little in dollars. QYLD doesn't have much share price difference, but it has a dividend rate of about 19% and a monthly dividend, so it was planned to keep a little.
But Yahoo! A mutated virus appeared on the finance home headlines, and US stocks began to plummet.
Oh, it's the long-awaited shopping time!
I started to buy IVV, QQQ, and DGRO, which I had always wanted to buy. It's not something I just want to buy, it's something I've been trying to buy a lot. But the dollar ran out.
In this case, it is a global one market.
I tried to turn on Global One Market to buy in won. A message pops up and doesn't turn on. what?
In the app, there is a nightly US stock phone number. I called but no answer I started to panic. It's the shopping time you've been waiting for...
Is it an error? I made another account with KB Securities through non-face-to-face.
Global One Market is connected to all accounts.
However, the transaction fee is only for one account. What if... yes, if it were a mutant virus, it would be like this tomorrow too, so I went to bed early in the morning.
The US market returned the next day and rose further. A month has passed and there was a drop on 3 days a few days ago, but there is no tag on the price that day. I don't know if it's September when there is a 10% adjustment.