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What are the procedures for opening a foreign exchange account?
Step 1: Choose a formal foreign exchange trading platform. Before opening a foreign exchange account, you must first choose a formal security platform. Only when your funds are guaranteed can you invest safely. Generally, the more popular foreign exchange trading platforms in China are FXCM Fuhui, FX Jiasheng, FXSOL/IFX, etc. Whether a platform is formal or not depends on whether it is supervised by international financial institutions-FCA and NFA. Note: Novices must not cheat by means commonly used by black platforms, such as low spreads or generous gifts.

Step 2: How to open an account in foreign exchange? Who should I call? Generally, customers who open an account now only need to provide copies or photos of the front and back of their ID cards. Then fill in the corresponding account opening application form. Generally, you need to fill in the email address, telephone number and other related information. Generally speaking, we suggest going to a regular foreign exchange account. Official authorized agents, such as Tonghui International, the world's largest foreign exchange Chinese service provider, have the world's largest FXCM Fuhui platform and KVB Kunlun International, which is controlled by state-owned enterprises. Because the general agent will provide operational advice, such as calling orders, giving lectures and so on. But note that agents generally don't charge commission.

The third step: gold trading. How much does it cost for a novice to open a foreign exchange account? Generally speaking, customers should not invest too much in the first operation, and it is generally recommended that customers invest about 1000-2000 dollars. Try whether the withdrawal and deposit are normal first, and then you can increase the funds. Of course, it is not good to invest 100 dollars to speculate in foreign exchange, because too little money is too risky to short positions.