The supervision of the formal platform is now the strictest done by the FSA in the UK. The supervision number can be found on well-known foreign exchange websites to supervise the qualifications of brokers.
1. Who supervises this company?
The most important thing in doing foreign exchange is to ensure that it is not a black platform. In fact, as long as it is a formal platform and supervised by some well-known institutions, there is no problem. The NFA in the United States and the Financial Services Authority in the United Kingdom are the most stringent financial supervision systems at present. Attention! ! ! ! Be sure to ask the broker to teach you how to inquire about supervision, and then inquire in person, and ask him to provide you with specific supervision measures, as well as treatment and compensation measures for breach of contract.
2 with what money to open an account?
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's transactions are quoted in US dollars and accounts are opened in RMB, it is problematic. It is likely to be a gambling transaction, and investors' instructions are not to enter the international market at all.
Who is the account opening fund for?
Overseas 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 agent in China, and investors' money must be directly handed over to overseas market makers or institutions with corresponding qualifications.
4. Is there anything wrong with the trading software?
Formal trading software should include quotes, transactions, information, etc. The data are real market transactions, while some unscrupulous companies develop their own software. 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 to see if there are any problems before starting formal account opening and deposit trading.
Special reminder
1 those who tout low price difference and high commission, be careful, are all traps for people who like to take advantage of small things. Do you think the brokerage company will be so generous if it doesn't eat? Wool always comes from sheep.
Seriously despise those brokers who like to slander others and have no professional ethics.
I share my experience as a deceiver, not as a professional.