The more formal foreign exchange trading platforms in the market, such as GKFXGATC, are supervised by authoritative organizations, which can ensure the safety of users' funds. In addition, there is another kind of platform in the market, that is, professional trading platform, such as Global Capital GFPC, which usually wins with low-cost spreads and mainly serves customers with professional traders.

Extended data:

From the nature and types of transactions, foreign exchange transactions can be divided into the following two categories:

1. Basic foreign exchange transactions to meet customers' real trade and capital trading needs;

2. On the basis of basic foreign exchange transactions, foreign exchange derivatives transactions are conducted to avoid and prevent exchange rate risks or for foreign exchange investment and speculative needs.

The basic foreign exchange transactions belonging to the first category are mainly spot foreign exchange transactions, while foreign exchange derivatives transactions include forward foreign exchange transactions, foreign exchange selective transactions, swap transactions, swap transactions and so on.

There are two main reasons for foreign exchange transactions: about 5% of the daily turnover is because companies and government departments buy or sell their products and services abroad, or they have to convert the profits earned abroad into local currency. The other 95% transactions are for profit or speculation.

Baidu encyclopedia-foreign exchange

Baidu encyclopedia-foreign exchange trading