It is illegal because there is no legal spot gold trading place approved by the government in China. Individuals need to pay attention to the fact that customers sign contracts with overseas distributors, and their funds enter the company accounts of overseas distributors in the form of US dollars, which belongs to overseas investment.

First of all, China does not allow individual investors to invest directly abroad. Although Wenzhou is currently implementing a pilot program of individual overseas direct investment, according to the pilot program, individual capital's investment field must be non-financial enterprises.

Finally, at present, there is still no specific relevant law in China that explicitly prohibits domestic natural persons from investing in gold spot. However, at present, domestic laws explicitly prohibit domestic investors from operating overseas futures.