1, domestic banks
Banks are the financial institutions that we know best and know best. At present, banks provide foreign exchange transactions, but not margin transactions, and the bid-ask spread is very high. As we all know, the exchange rate generally fluctuates little, so the value of foreign exchange contracts is relatively high, such as $6,543,800+. If there is no margin system, then we will pay a very large principal and earn a very small profit, which is inconsistent with our investment expectations.
2. Foreign exchange broker
At present, foreign exchange margin business is carried out by foreign foreign exchange brokers, usually with leverage of 20-500 times, which improves the utilization rate of funds and is also the main way to participate in the foreign exchange market at present. However, it should be noted that foreign exchange brokers are mixed, and how to choose a reliable trading platform is very important.
3. Foreign commission merchants
As we mentioned earlier, foreign exchange is also an on-site transaction, and the foreign exchange futures of the Chicago Board of Trade are also a good choice for many people. In addition, commission merchants generally have strong financial strength and secure funds. The only drawback is that the leverage is small. According to the relevant regulatory regulations in the United States, the leverage is not more than 30 times.
The above three are common ways for individuals to invest in foreign exchange. No matter how they speculate in foreign exchange, before investing in foreign exchange, they must first choose safe funds, and the investment must be within the risk range they can bear.