When choosing a foreign exchange platform to open an account, you should also pay attention to two points: first, the foreign exchange platform must be formally supervised by FSA or NFA, and can be found through the supervision ID number. In addition, there is no bad historical record in its filing.
Second, funds must be deposited in an isolated account, that is, a bank account entrusted by a third-party bank, and may not be a personal account.
Finally, when inquiring about foreign exchange platforms, the characteristics of some informal foreign exchange platforms prompt traders to pay special attention. For example: 1. Accepting RMB remittance, the formal foreign exchange platform is to remit US dollars for trading. 2. In order to accept remittances from third parties, a regular foreign exchange platform must have a trader's own bank account to access funds normally. 3. The funds have not been remitted abroad. Regular foreign exchange platform funds are deposited in foreign bank accounts.
About inquiring about the foreign exchange platform, you can go to the foreign exchange eye to find out. Wikifx (Chinese name: Foreign Exchange Eye) is an enterprise information inquiry tool under Wiki Co, LIMITED. Its core function is to provide basic information inquiry, regulatory permission inquiry, credit evaluation, platform identification and other services for listed foreign exchange trading enterprises.