1, with what money?
There are few formal platforms in China, which are generally from abroad or Hong Kong. Since it is an overseas investment, it is certain that no matter what the excuse is, it is impossible to open an account in RMB. Because the international market does not recognize RMB, it is not a freely convertible currency. Commonly used currencies are: USD, EUR, GBP, JPY, etc. Therefore, if a company opens an account in RMB instead of quoting in US dollars, there is a problem. It is probably a gambling transaction, and the investor's order is not to enter the international market at all.
2. Who is the account opening fund for?
Overseas gold investment is definitely a foreign platform, so the funds will definitely not be given to domestic companies. Whatever the excuse, it should be the ultimate platform provider, that is, overseas companies. According to the law, it is impossible for an overseas company to set up an agency in China. Investors' money must be directly handed over to overseas gold market makers or institutions with corresponding qualifications.
3. Who supervises this company?
Formal overseas gold market makers or professional institutions are bound by the laws of the country or region where they are located. No matter where investors come from, as long as they enter their market, they will be supervised and protected by national laws. If investors want to judge whether the company is formal or not, they can log on to the website of the corresponding national regulatory agency for inquiry. The same way in other countries or regions (Hong Kong, the United States, etc. ), investors should investigate clearly before investing to avoid being cheated. At present, many illegal companies in China deceive investors under the signboard of "London gold trading" or "Hong Kong gold trading", which is actually a gambling transaction, absorbing investors' hard-earned money.
Take Hong Kong as an example. China Gold and Silver Exchange is the only exchange recognized by the Hong Kong government with a trading place. It has been established for nearly a hundred years! During this period, there has never been any relevant economic case, and the system and supervision are very consistent and perfect! Gold companies that choose Hong Kong suggest choosing member companies of the gold and silver exchange. The members of the exchange are divided into A/B/C/D/E/. Local London gold trading, choose A and C! It is recommended to choose AA members as physical gold! For example, China, Jin Rong (network link)
Have the goods you ordered reached the international market?
Many investors do not know or even consider this problem when doing international gold trading. Are their orders hedged in the company, gambled or actually traded in the market? If this company is formal, you can not only find the transaction information in the company itself, but also find your transaction list on the website of the regulatory agency, which is also an effective way to verify whether a company is formal!
5. Is there anything wrong with the trading software?
Formal trading software should include quotation, trading, information, etc. The data is real market trading, while some illegal companies' software is developed by themselves, and often only has trading interface, without quotation and information functions. These companies can not only see all the transactions of investors, but also artificially adjust prices, report false data, mislead investors, and even artificially cause trading losses. And investors can't log in to the system for trading when making money. These are all very bad behaviors. Investors are advised to try out the company's software and compare several companies to see if there are any problems before starting formal account opening and deposit trading.
6. How about customer service?
As the saying goes, the customer is God. A good platform service must be of high quality, especially for gold speculation. Service is crucial, this is a platform display.