If the average student is short of funds, I believe many intermediaries will not open an account for you out of professional ethics.
So since your friend has started to do foreign exchange. Because the information you gave is incomplete.
I want to know.
1. Did he open an account on a regular platform or a regular agent? If so, look at 2.
2. Does he speculate in foreign exchange himself, or does he just spend money to ask others to manage money on his behalf? If you guess for yourself, it means that your friend's technology is not home yet. Speculation in foreign exchange and gold is a high-yield and high-risk investment behavior. If poor technology leads to losses, it will be too much. You can only do a good job in technology and earn money at a loss. If someone else manages foreign exchange losses on behalf of customers, please take out the agreement you signed on behalf of customers and complain directly to their first-level agent. Generally, first-class agents will take their brand effect seriously and help you make decisions.
It is suggested that novices who speculate in foreign exchange must choose a formal platform and a formal first-level agent. With the safety of funds, students should pay more attention to foreign exchange speculation.
I think whether speculating in foreign exchange or gold, judging whether a platform and a first-level agent are formal and whether the funds are safe, we should start from the following aspects.
1. Capital security, (whether it is supervised by FSA, how many years of supervision, whether it is punished or warned by FSA)
2. Platform stability. (No matter whether it is MT4 platform, MT4 platform is generally stable and quick to get started.)
3. Then there is the lever size (the lever of the mainstream platform is 100 or 400, neither too big nor too small).
4. Commission (the first-class agent canceled the commission, that is, no commission was added to reduce the burden on our customers)
5. Whether it is a first-class agent, whether its strength is strong, and whether its reputation and service are in place.
It is recommended to compare in this order.
Foreign exchange technology is very important, investment and financial management, capital safety first, proper methods, and simple profit.