What's more regrettable is that although many people are doing spot foreign exchange now, they simply don't know how to distinguish the authenticity of a platform or a company, so that either their money is directly cheated, or their money is artificially lost because of fake platforms. Here I will tell you some personal experiences, hoping to help you (because I have been using the platform in Hong Kong, so I will take the platform in Hong Kong as an example to explain it to you. But I don't recommend using foreign platforms, because foreign platforms are difficult to understand clearly, and it is difficult to distinguish between true and false, and it is dangerous to invest money. 1. First, explain the state's views on investing in foreign exchange. The state allows individuals to make indirect foreign exchange investments in Shanghai through the Shanghai Foreign Exchange Exchange Exchange Office. However, the state does not prohibit individuals from investing in foreign exchange, so individuals can invest in foreign exchange through overseas investment institutions. Why can you invest in spot gold through overseas institutions? This is because mainland individuals can only invest in foreign exchange through banks, Shanghai Foreign Exchange Exchange Exchange and other institutions recognized by the state. However, institutions approved by the state do not have spot foreign exchange business. In other words, it is impossible for any domestic institution to be qualified to invest in spot foreign exchange on behalf of individuals. Therefore, only through overseas institutions can we invest in spot foreign exchange. And why can Hong Kong institutions invest in spot foreign exchange on behalf of customers? Because Hong Kong is a city with an open financial system, China has retained many of its original policies after regaining sovereignty. 3. How to tell whether the platform of a mainland company is an agent platform in Hong Kong or a fake platform developed by itself? First of all, when you are in contact with mainland companies, you can clearly ask where their agent platform is. If they answer that the platform is their own, it is obviously a fake platform. And if their answer is the platform of Hong Kong. Then you can ask them the number of the platform they represent in China Gold and Silver Trade Association. Here I would like to introduce the China Gold and Silver Trade Fair. It is a unit with high reputation and is responsible for managing foreign exchange business in Hong Kong. However, if a company wants to enter the China Gold and Silver Exchange Society and get a seat, it needs very large financial guarantee, and it has to pass a series of certification work (which will not be introduced in detail here). Therefore, if a company has a seat number in the Hong Kong gold and silver market, then its trading platform is generally trustworthy. 4. Some questions about the Hong Kong platform. Platforms in Hong Kong generally have a spread of 0.5 (the price of gold may be adjusted in special periods), and a deposit of HK$ 8,000 is required for trading a standard lot (the price of gold may be adjusted in special periods). The commission for each standard hand is about HK$ 400 yuan. Generally speaking, platforms in Hong Kong are settled in Hong Kong dollars or US dollars (that is, your account is either Hong Kong dollars or US dollars). And if the platform is settled in RMB, it is undoubtedly a fake platform. Because since mainland companies are not qualified to set up platforms, there is no platform for RMB settlement. 5. About the platform quality in Hong Kong. Therefore, legal platforms in Hong Kong are generally reliable, but not all platforms have excellent transaction quality. Because spot foreign exchange transactions are generally online, it is understandable that there are network failures or platform technical problems. When these problems occur occasionally, you can call the special transaction # # of Hong Kong companies to solve all operational problems such as closing orders. However, some platforms in Hong Kong (especially fake platforms in the Mainland) often have network problems, such as unable to close the transaction and dropping the line. If the price of gold fluctuates violently (especially after the release of "non-agricultural" data), your transaction will be difficult or impossible. And if these problems occur frequently, it may affect your transaction. Therefore, I suggest that you don't use a platform with poor quality just because the commission of a platform is tens of dollars cheaper, which will affect the transaction. 6. About the deposit and withdrawal of Hong Kong platform. If you choose a platform in Hong Kong, you should put the money into your trading account after signing an account opening contract with them. At this time, you should pay attention that your funds should be remitted directly to Hong Kong companies, not to mainland agencies, which are not qualified to receive money. Exchange rate conversion and other issues are solved by platform companies in Hong Kong. Generally speaking, you can see your principal in your platform account about one working day after you remit the money to Hong Kong Platform Company. The problem of withdrawing money. If you want to withdraw money, you only need to fill in the required form according to the regulations of the Hong Kong company and fax it to the Hong Kong company, and you will receive the money in about one or two working days. Generally speaking, if withdrawal goes well, you should pay attention when it becomes a waste of time. 7. Some deceptive actions. Some mainlanders set up a company locally and then set up another company in Hong Kong. So you feel a little similar to the formal platform above, but overall. Their headquarters is in the local area, but their branch office is in Hong Kong, and there is no serial number of the gold and silver trading market.