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Foreign exchange supervision in Britain
How does FSA supervise and protect the safety of our funds? In case the brokerage company really goes bankrupt, can such an account be protected by the British investor protection plan?

FSA supervision mainly depends on whether your account type is the British version, not on which country you remit money to.

The FSA investor protection plan in the UK is the same, depending on whether the account type is the UK version.

The landlord may not be particularly familiar with the requirements of China Bank.

1. For other countries, if you are overseas, it doesn't matter what currency you want to use for remittance.

Banks in Chinese mainland are basically only allowed to remit money in US dollars, while US dollars are remitted to the United States, British pounds to the United Kingdom, and euros to the European Union, so it is related to your remittance currency, not your account type.

If you know the difference between the American version and the English version, it should be clear.

The leverage of the American version is only 50 times, and it is not allowed to lock orders (some of our professional terms are also called hedging function). Must be first in first out.

The British version has a maximum lever of 400 times, which is easy to judge.

3. Don't open an account in Hong Kong, because the supervision of the Hong Kong version is not as strict as that of Britain. So generally, as long as you choose a well-known first-class agent to open an account, they will help you open an account in the UK, but it is better for you to ask yourself.

If you are a novice or do a mock application, do it yourself, so that you can understand your study and skills, and then it is better to apply for an account.

Let's discuss technical problems with each other.