Current location - Loan Platform Complete Network - Foreign exchange account opening - Is it illegal for individuals to use the foreign exchange rate to buy and sell foreign exchange to earn the difference?
Is it illegal for individuals to use the foreign exchange rate to buy and sell foreign exchange to earn the difference?
There is no official exchange rate derivatives trading platform in China capital market. It is not illegal for investors to trade on domestic and foreign exchange trading platforms, as long as the funds are not excessive and there is no illegal nature such as money laundering. However, if they are cheated by black platforms, they will not be protected by law. As for spot foreign exchange transactions, it is not illegal as long as the exchange quota does not exceed a certain scale.