This is one of the most important criteria. You need to know which foreign exchange dealers are supervised by which institutions to know the security of this platform.
This is the first condition for whether the funds are safe and whether the platform is formal.
We need to see his supervision. Although a lot of foreign supervision is useless in China, formal supervision can reflect the overall strength of a company. At present, the supervision of the United States, Britain and Australia is a good choice. You must go to official website to check their supervision number, and you must be qualified to be a financial derivative. The second is the big module, which needs to understand the company's operating model.
Secondly, look at the reputation and strength of the foreign exchange platform.
In the Internet age, word of mouth can be found online. Although it can't fully reflect the truth, it also has important reference value. The other is strength. Foreign exchange trading is hot now. You can directly Baidu the rankings of major foreign exchange platforms.
Third, see if foreign exchange deposits and withdrawals are free.
Although it can be used as a reference in supervision, in practice, we should pay attention to the issue of deposit and withdrawal. If there are many restrictions on deposit and withdrawal, or it is difficult to withdraw money after profit, it is more likely to be a pheasant platform.
Fourth, look at foreign exchange platform services.
The services of the platform are various, including real-time news update, investment advice from analysts, risk warning of major events, and connection of customer service calls.
Fifth, look at the flow of foreign exchange transactions.
The foreign exchange trading process can reflect the advantages of the platform, including not only the collection of handling fees, but also the functions of the trading mechanism and system. For example: Are there many trading restrictions? Is there a duplicate quotation? Is there any slippage? Is there a compensation mechanism after the slip point appears? Wait a minute.
Regarding the formal foreign exchange trading platform, this paper introduces what is a formal foreign exchange trading platform and how to choose it. At present, there are many foreign exchange trading platforms, both formal and informal. These investors mentioned above may wish to give priority, and investors themselves should learn how to identify whether the platform is formal.