This is the most important and effective method. The foreign exchange trading platform has no formal supervision and little security. Therefore, judging whether a platform is safe and credible depends on supervision, not only on whether the regulatory agency is authoritative, but also on whether there is a supervision number.
2. Separation of funds-the standard to ensure the safety of funds.
Separation of funds means that user funds and operating funds of foreign exchange platforms need to be stored separately. Under the supervision of regulators, formal foreign exchange platforms will provide segregated accounts for traders.
3. Trading software-the standard to ensure the security of transactions.
At present, there are many kinds of trading software in the foreign exchange market, and only formal and stable trading software can ensure the security of trading, so be careful of those trading software that are built privately or are not formal enough, because various unstable situations will occur in the trading process of such software, and it is impossible to conduct high-quality trading at all.
4. Customer complaints
A supervised platform is not necessarily 100% safe. Pay attention to its customer complaints. Too many customer complaints indicate that there are many problems, so it is not recommended to choose.
At present, the five most stringent regulatory agencies in the world are as follows:
National Futures Association (NFA), UK Financial Conduct Authority (FCA), Australian Securities Investment Committee (ASIC), Swiss Financial Market Authority (FINMA) and Japan Financial Agency (JFSA).