Brief introduction of foreign exchange matters needing attention in foreign exchange
Before opening an account, look at the regulatory agencies of foreign exchange dealers, because foreign exchange margin trading has not been opened in China. NFA (National Futures Association) is the first choice for regulators. NFA is the most standardized among many regulators, and the platform leverage of NFA supervision is 50 times. Secondly, Britain's FSA (Financial Services Authority) is the world's largest foreign exchange regulator. Many platforms are under his supervision. For the platform you choose, first check which country's regulatory agency is supervising it. If you have an ID number, you can check it on the regulatory website of that country's government. 1。 The experience of platform performance tells us that any platform may have problems, but the losses are never caused by platform problems, you just force yourself in! Mainstream platforms will compensate customers for their own technical problems, as long as you provide conclusive evidence, instead of wishful thinking about the platform. With regard to floating and fixed spreads, normal interbank transactions, spreads are floating, so people's aversion to floating is an irrational understanding. 2。 The speed of withdrawal is what users are most concerned about: whether it is safe and timely to withdraw cash after making money in the financial market. On the platforms supervised by NFA in the United States and FSA in the United Kingdom, if the brokerage company delays withdrawing orders for more than 1 month, users can directly write to complain to NFA in the United States or FSA in the United Kingdom, and the compensation will be amazing. Secondly, in order to prevent international money laundering and protect customers' funds, large brokerage firms will only accept deposits and withdrawals from the account holders themselves. The name of the withdrawal account must be the same as that of the opening account. Generally, it takes about 20 days from the application for cash withdrawal to the receipt of the money in the bank account, including the review of the application by brokers, the review of the remittance of funds by the supervision of the National Bank of the United States, the review of the inflow of overseas funds by the Central Bank of China, and the time required for the transfer from the Central Bank of China to the user's bank. If it is a large brokerage institution with an office in China, it will be much faster, which will directly save a lot of tedious auditing links.