Formal foreign exchange platforms include: Fuhui, Jiasheng, Shi Hui and Kunlun International.
These four foreign exchange platforms are relatively formal in China. If you choose a platform other than these four platforms, I suggest you check whether the foreign exchange platform company has a formal business license, whether the sliding point is normal, and whether the opening bank is true.
The foreign exchange market refers to a trading place that engages in foreign exchange transactions and regulates foreign exchange supply and demand internationally. Its function is to trade monetary goods, that is, the currencies of different countries.
Due to international economic exchanges such as trade, investment and tourism, there is always a relationship between monetary income and expenditure. However, different countries have different monetary systems. If you want to pay abroad, you must first buy foreign currency in your own currency. On the other hand, foreign currency payment vouchers received from abroad must also be converted into local currency to circulate in China.
In this way, the exchange of domestic currency and foreign currency has occurred. The exchange rate of two currencies is called exchange rate or exchange rate. Central banks in western countries and China are institutions that implement foreign exchange policies, influence foreign exchange rates and often buy and sell foreign exchange. All commercial banks, banks specializing in foreign exchange business, foreign exchange brokers, importers and exporters, as well as their foreign exchange market suppliers and demanders, are engaged in various cash and forward foreign exchange transactions. All these foreign exchange transactions constitute a country's foreign exchange market.
Foreign exchange trading mode:
Spot foreign exchange transaction: also known as spot foreign exchange transaction, refers to a foreign exchange transaction in which both parties agree to handle the delivery within two working days after the transaction.
Forward transaction: also known as forward foreign exchange transaction, foreign exchange transactions are not delivered after the transaction, but are delivered at the time agreed in the contract.
Arbitrage: Arbitrage refers to a foreign exchange transaction that uses different foreign exchange markets, different currencies, different delivery times and differences in exchange rates and interest rates of some currencies to buy from the low-priced party and sell from the high-priced party to earn profits.
Arbitrage: a trading method that uses the interest rate difference between the two countries' currency markets to transfer funds from one market to another to earn profits.
Swap transaction: refers to a transaction that combines two or more foreign exchange transactions with the same currency but opposite directions and different delivery dates.
Foreign exchange futures: the so-called foreign exchange futures refer to futures contracts with exchange rate as the subject matter to avoid exchange rate risks. It is the earliest financial futures product.
Foreign exchange option trading: foreign exchange options are traded in foreign exchange, that is, the option buyer obtains a right after paying the corresponding option fee to the option seller, that is, after paying a certain amount of option fee, the option buyer has the right to agree on the expiration date according to the agreed exchange rate and amount agreed by both parties in advance.
The seller of the option buys and sells the agreed currency, and the buyer of the right also has the right not to execute the above-mentioned sales contract.
In the future, there will be a foreign exchange trading platform jointly established by banks and internet investment companies to reduce unnecessary costs for personal investment.