First, the most important thing is the safety of funds. To participate in foreign exchange investment, we must first find a foreign exchange dealer with strict supervision, so that the safety of funds can be guaranteed! In the United States, traders must be regulated by the NFA and CFTC, or by the Financial Services Authority of the United Kingdom. At the same time, be sure to check the regulatory registration number of the trader who will participate, and pay attention to whether the name of the trader is consistent with the name of the queried trader. A foreign company should be another company without an English letter. At present, the leverage of traders regulated by NFA in the United States is as high as 1: 100. According to reliable sources, the leverage may drop to 1:50 or lower recently. There is no restriction on FSA in Britain, and mainstream foreign exchange dealers can generally achieve 1:400. As long as the dealers pay full financial service insurance to the regulatory authorities. New Zealand, Singapore, Macau, Switzerland, Japan and Hong Kong (those with leverage less than 20 times are formal) have supervision on foreign exchange margin trading, but the degree of supervision is weaker than that of Britain and the United States. The British Virgin Islands, Indonesia, Iceland, Panama, Cayman Islands ... are not well regulated, so advise friends to be cautious! At present, the most authoritative and strict supervision in the world is Britain and the United States. Despite the unfortunate bankruptcy of traders, regulators will return customers' funds through regulatory policies and legal channels.
Focus on the United States and Britain:
(1) America. Formal American dealers must be registered with the Commodity Futures Trading Commission (CFTC) and become members of the American Futures Association (NFA). The Commodity Futures Trading Commission (CFTC) and the American Futures Association (NFA) are responsible for protecting the interests of traders and preventing fraud, manipulation and other illegal trading activities.
② Britain. The regulatory body in Britain is the Financial Services Authority (FSA), which is formulated by the government, which stipulates its behavior and authority and sets industry standards. All traders regulated by the Financial Services Authority (FSA) must comply with these standards. If a trader violates the rules, FSA has the right to require the offending trader to make compensation to the customer. Now, Britain has also launched a compensation plan, and if traders fail to make compensation, they will compensate customers.
Second, find a regular domestic service agent. Don't look at the size of his office building or company, as long as it is formal. Even if there is only one person, the funds are safe and reliable, because your funds are not negotiated with the agent, and the agent only provides consulting services and develops customers. Don't be fooled by the superficial things of the agent. Investors should trust dealers, not agents. No matter how big the agency is, if the agent is a black platform, your funds will eventually go into their pockets.
Third, find an agent and don't imprison yourself. If you think that only your local agent can see and feel it, don't worry. Actually, it's not like this. As long as the agent is legal and formal, you can consult and handle business through the network and agent. There is no need to do it locally! On the contrary, if the local agent is a black platform, it will still cheat you into nothing, which is a big misunderstanding of many domestic investors!
4. Choosing a formal trading platform depends on whether the trader's platform is stable, whether there are slippage and slow quotation, and whether it is impossible to trade. You can open a simulator on a platform to test the performance of the platform, and then choose another one. As long as your internet speed is not slow or toxic, the regular trading platform feels simple and smooth to use, with timely information and simple operation. In short, a good platform will not have problems that should not occur when closing positions (the most popular platform in the world is MT4 at present).
By the way, the judgment standard of foreign exchange black platform: 1) can only save money, but can't withdraw money; 2) The transaction server is often interrupted; 3) Serious slippage.
5. The security of the margin account must ensure that your funds enter the dealer's account, rather than being directly charged by the brokerage company. Then we should sign a standard agreement, so as to ensure the minimum security of funds.
Intransitive verb dealer policy
1. This includes whether the products provided by traders can meet your needs;
2. What is the spread of the trader platform? At present, the direct inventory spread of mainstream platforms is around 3-5 points. If it is too high, the transaction cost will increase, if it is too low, the cost of providing services to customers will be too small, so there may be some tricks that we can't see;
3. What are the business hours? Under normal circumstances, Beijing time starts at five o'clock every Monday morning (but now it is basically six o'clock on all platforms) and ends at four o'clock on Saturday morning;
4. Fast order execution;
5, free technology and good chart analysis.
Finally, remind friends who want to speculate in foreign exchange that there are risks in entering the market, and the funds invested must be within their own tolerance. If you make a single order, try to do it yourself, trade lightly, and slowly accumulate knowledge and practical experience, because what you learn is always your own; Or practice with simulated accounts to improve your operational ability. Don't look for traders casually, and don't trust those so-called technical support easily.
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