Qualification and supervision of the platform
When choosing a spot gold trading platform, we must first look at the qualification and supervision of the platform. A formal spot gold trading platform must have a formal business license and related financial business license, and be strictly supervised. For example, the London gold market is regulated by the Financial Conduct Authority (FCA), while the New York gold market is regulated by the Commodity Futures Trading Commission (CFTC). Investors can judge the regularity of the platform by querying the information such as the regulatory agency, license type and validity period of the platform.
Credibility of platform
In addition to the qualification and supervision of the platform, the credibility of the platform is also one of the important factors to judge whether the platform is formal or not. Investors can know the credibility of the platform through internet search, trading community and platform user evaluation. If a platform is trusted and praised by many investors, then the formality and credibility of this platform will be higher.
Technical strength of the platform
The technical strength of spot gold trading platform is also one of the important factors to judge whether the platform is formal or not. A formal platform should have a stable, safe and efficient technical system, which can ensure the safety of investors' funds and the stability of transactions. Investors can judge the technical strength of the platform by observing its technical architecture, server stability and transaction software security.
Handling fee and service quality of the platform
In addition to the above factors, the handling fee and service quality of the platform are also one of the important factors to judge whether the platform is formal or not. A formal platform should provide reasonable fees and service quality to attract more investors. Investors can choose the platform that suits them by understanding the handling fee and service quality of the platform.