In addition to this trading platform software of computers, we generally refer to foreign exchange trading companies. Most foreign exchange trading companies use international MT4 trading software, and some companies have their own trading software. But no matter what kind of software we use, trading platform providers and foreign exchange service providers are the main platform factors we need to choose here. The so-called foreign exchange service provider: a company that provides a foreign exchange trading platform. Using the provided foreign exchange trading platform, we can observe the foreign exchange trend more clearly and make an accurate analysis. So how to choose this kind of service provider?
How to choose a foreign exchange platform?
Strictly speaking, there is no formal foreign exchange trading platform in China, and all so-called formal platforms are not protected by law.
There is no open foreign exchange trading market in China, and domestic supervision has not kept up. If you want to speculate in foreign exchange, you can only choose some foreign regulated platforms to invest. Although there is no officially recognized platform in China, in other capitalist countries in the world, the financial industry has been completely opened, such as the officially recognized foreign exchange platforms in the United States, Britain and other countries!
Having supervision is equivalent to being recognized by local international regulatory agencies and can carry out related business. At present, there are several mainstream regulatory agencies in various countries, such as Britain, whose supervision is really good, but recently the leverage of all retail foreign exchange licenses under the supervision of FCA in Britain has been increased to 1:30. It used to cost 500-600 dollars to do business in Europe and America, but now it costs 3000-4000 dollars.
FCA: The Financial Services Authority (FCA) is responsible for the supervision of banking, insurance and investment, including securities and futures foreign exchange. Britain is the country with the most perfect financial services in the world at present, and all financial services institutions registered in its territory are strictly supervised by the Financial Services Regulatory Authority (FCA).
NFA: The National Futures Association is a self-regulatory organization in the futures industry. At present, the regulatory standards are only for dealers in the United States, and protecting the interests of American customers includes compensation measures in extreme cases.
Many domestic platforms have similar supervision to Cayman, Hong Kong and New Zealand, but the supervision is very low. However, it should be noted that supervision is better than no supervision. Even if there is supervision, we should always pay attention to safety and prevent the platform of white label and deck supervision. In a word, investment is risky, so you need to be cautious when entering the market, and you need to arrange your own investment quota reasonably in order to truly realize the appreciation and preservation of capital.