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Is it illegal to conduct foreign exchange transactions without going through domestic banks?
Hello!

At present, in the domestic market, except the foreign exchange transactions provided by banks are recognized and allowed by the state, many foreign, Hong Kong, Macao and Taiwan platform vendors provide foreign exchange transactions that are not supported and allowed by law.

Therefore, there is a mixed situation in the market. Many unqualified platforms make various offers and slogans to attract customers' investment. In fact, this platform should be more vigilant. Generally, regular platforms attract customers by reducing spreads and increasing funds to earn spreads and commissions, which will either restrict customers' transactions or make money, or this platform is likely to be a black platform!

At present, it is necessary to be cautious in investing in foreign exchange transactions in the domestic market. Investors had better go to your platform for on-the-spot investigation to determine whether it is reliable!

I hope it helps you!