Want to know whether a platform is reliable? Take a look at these items, (source: "US Stock Research Agency")

1. Supervision

Supervision is also an important factor in judging whether a foreign exchange broker is a black platform. Generally speaking, black platforms are usually unlicensed or decked out, or are regulated but do not have foreign exchange authority.

For supervision, you can check it through the regulatory agency. For example, ZFX Shanhai Securities is regulated by the British FCA. Let’s take a look at the FCA’s supervision.

First of all, let me introduce that FCA’s supervision is one of the best in the market. Basically, you can directly find out whether it is unlicensed, decked, or has authority on the supervision information.

This is the result of the query on the FCA. Obviously zeal Capital Limited is regulated by the FCA, so how to judge whether it is a scam?

It’s very simple. If the website is disclosed in the regulatory information, if the website is correct, it can directly prove that it is not a scam.

Then, do you have the authority to operate foreign exchange margin trading?

Find this column in the regulatory information and look at the customer type. Are you qualified to provide foreign exchange margin trading to retail customers? Second, check whether there is a Rolling Spot Forex Contract. If there are these two, it proves that there is no problem with supervision.

It is a formal supervision, and the application for this supervision is relatively difficult and requires a capital requirement of 730k euros, so it proves that this platform is still very powerful.

2. Background and history

If it is the early stage of a foreign exchange dealer coming to China, we will usually consider the authenticity of the platform. Generally speaking, all foreign exchange traders It will be advertised as foreign, because foreign exchange margin trading has not yet been opened in China, and traders can only conduct it through foreign dealers.

In the early days of a platform coming to China, we usually look at the background of the company and how many years it has been established (you can look at the English website. Even if the black platform has an English website, many times it is domestically translated, and the content It is also full of mistakes), and then look at the website of this company. Generally speaking, black platforms will be reflected on the website, because black platforms usually make quick money and are not like long-term operations, so the website will be very low; Secondly, look at the text on the website. Regular platforms usually have a compliance department. This department will specifically review the company's publicity to ensure that it does not mislead investors.

ZFX Shanhai Securities Foreign Exchange website has obviously invested time and energy, so it has done a good job in this aspect, and there are many risk warnings.

3. Trading software

Trading software is also very important. Many black platforms are buying pirated software. The mainstream trading software in the market now is MT4, so MT4 is the For example, it can be said to be a very good way to check the authenticity of MT4 software.

So how to check?

A very simple method is to download a mobile version of MT4, and then search in it to see if there is a server of your broker. Generally speaking, if there is, it proves that the company is The software is fine.

This trader can download and verify it himself to see if there is ZFX Shanhai Securities.

4. Trading environment

The trading environment is also a very good judgment point. Some people ask, how to check the trading environment?

Most traders will provide demo accounts, where traders can conduct simulated transactions to try to see the simulated trading environment. This is an important point. Take a look at the spreads of this dealer. .

Of course, simulated trading is only one aspect.

In other aspects, you can try it with a small amount to try out the trading environment.

　5. Deposits and withdrawals

Deposits and withdrawals are also very important. Deposits and withdrawals on formal trading platforms are smooth and usually completed within 2-24 hours. Even if there are special circumstances, we will explain them to the customer.

But if it is a black platform, you may not be allowed to withdraw money, but only allow you to deposit money. Generally, black platforms will not do this at the beginning, but if they do it later, it will prove that there may be a problem.

At the same time, the method of depositing and withdrawing money is also an important factor. Telegraphic transfer and UnionPay are common methods.