Underground speculation refers to the trading of London gold through companies that have not obtained the qualification to engage in overseas futures or brokerage business. It is a typical illegal gold futures trading behavior and is not protected by law. If investors participate in it, their legitimate rights and interests will not be protected by law, so the risks and social harm are great, resulting in heavy losses for investors.
Common forms of bottom gold speculation
1. Underground gold speculation company does not participate in any transaction at all, and provides customers with virtual websites and virtual accounts, so that customers can "hedge" according to preset procedures until the principal is "lost". This is naked "sucking gold", the most dangerous and ugly.
2. Overseas institutions set up offices in the Mainland, convert customers' deposits into foreign exchange through underground banks, and then conduct futures trading abroad. In this case, the customer is indeed trading, but it must go through the trading platform of the above-mentioned overseas company.
3. The underground gold speculation company did not open an account for customers to trade overseas, but occupied customers' deposits and used the company's account to speculate on gold and stocks overseas. When the company makes a profit, it incites customers to increase investment. When it loses money, it uses false transaction data to convince customers that it is "fried by itself". In short, customers can't eat a spoonful of soup.
4. Sell the customer list to other companies to form a chain. Once the company loses money, it will form a "domino" effect and close down on a large scale. Once there is a risk, these companies that are not regulated at all will move immediately, and people will go to the building, and customers will naturally have no way to recover.