Can individuals directly conduct foreign exchange transactions with foreign exchange banks?
Theoretically, it is possible. In order to reduce transaction costs, customers with large amounts of funds directly open foreign exchange trading customers in banks to buy and sell with banks. Domestic small and medium-sized retail investors trade with international foreign exchange banks through foreign exchange brokers, who summarize all foreign exchange orders in the world and bargain with foreign exchange commercial banks. Investors with less money do not have the strength to enjoy this qualification. Therefore, it is better for individuals to find a safe and formal platform for trading.