I haven't done foreign exchange for a long time. But because of my initial insistence, I don't like many people who enter the industry. From the beginning, I exaggerated my thinking about how to invest with my friends and relatives around me. But concentrate on technical analysis. As a result, the first company I joined told us for three days that our technology was good. Let's start bragging to our customers at ease, saying how powerful and high our trading level is, and that we can give it to our customers. I always like to do it myself, so I told my boss at that time that since I could make money, I would open my own account. If I make money, I will show it to my customers. How convincing.
Originally, it was unintentional. The boss believed it. The next time, he began to urge me to say that the market is good now and open an account quickly. I remember that I had just been in the business for less than half a month and had no confidence in my skills, so I told my boss, no, I haven't learned my skills well yet. The boss is still urging me, so I will yell at him, no money! He thought he couldn't ask me to open an account, so he gave me a dirty look. Originally, girls in the north had a straight temper, so I was very angry at that time and was ready to leave my job and change companies. The manager who led the team took a fancy to it and enlightened me, so I stayed.
Also this year, when the customer I worked hard to develop placed an order, there were scratches and I couldn't close the position. When they made money, they didn't give up. The company forced them not to make orders for me. I later learned from this week's experience that my company is a black company and a black platform, which is what everyone calls a gambling platform.
I was dumbfounded at that time and felt like a bolt from the blue. After dealing with things around me wearily, I feel desperate and confused, and I feel a lot of crises.
I started wandering alone, and I ran all over the office building of CITIC. As a result, only one is a formal platform. If you are not satisfied, keep walking, walking and watching more, only to find that most people on the forum know that there are thousands of large and small companies in Guangzhou, and less than five formal ones ~ ~
Today, I saw many colleagues on the forum who were as enthusiastic about the company and this job as I was at the beginning, boasting about their platforms on the forum. How formal the company is, speechless! Many people boast that they have worked in this bank for four or five years. I bet you won't be more than two or three months. Are the company name and platform you posted gambling? I believe there are many innocent people, many of whom, like me, are bent on making customers make money. But you do have clients. Is your customer's warehouse profitable or unprofitable? Dare to ask again, is there a profitable warehouse for all your customers? You certainly don't know this, but I can tell you for sure that everyone who makes money will lose all.
I don't feel much. The purpose of writing this post is not to let more colleagues be cheated by the company as I did at the beginning. Colleagues who want to see this post. Please compare your companies later. If it meets the following requirements, it must be a gambling black platform. If so, please choose another company if you want to stay in this industry.
If your company is in some conspicuous places such as CITIC and Metropolis. You should pay attention because black companies lack confidence and want to confuse customers with gorgeous coats. There is one in metropolis, without mentioning the name of the company, which can be described as full of heroism, with more than 800 office faces and more than 200 employees, which is spectacular! The platform is also black.
The following is for your reference. It took me half a year to understand. What I don't understand most is that many people, knowing that they are the black platform of black companies, will continue to do so. What do they want? Did the dog eat your conscience?
At present, most of these regular foreign exchange dealers are in the United States, Britain, China and Hongkong. Regular dealers in the United States are regulated by the American Futures Association (nfa) and the American Commodity Futures Trading Commission (cftc). Formal dealers in the UK are regulated by the fsa in the UK, while foreign exchange dealers in China and Hong Kong are regulated by the Hong Kong Securities Regulatory Commission.
As a world economic power, the US dollar also has great influence all over the world. Therefore, as a foreign exchange transaction, the United States is also a major trading market with the largest number of foreign exchange margin dealers. Moreover, most of the world-famous powerful traders are in the United States. In addition, its supervision is relatively sound and its legal system is perfect, which is the best choice. . Let's take America as an example.
Through nfa
The supervision of Cftc must meet the following two conditions:
1 (1) The customer margin is separated from the dealer's account and must be supervised by a third party, namely a cooperative bank, such as fxsol.
The client's funds are deposited with Morgan Bank.
Customer funds are separated from fxsol's own funds. So even if the dealer goes bankrupt,
Banks will bear the risk of loss of customer accounts caused by the bankruptcy of foreign exchange dealers. Simply put, the dealer went bankrupt.
Your money is still in your bank account. It is still your money.
Some customers will say what to do if the bank goes bankrupt. Let's look at the second point. There are also insurance companies that provide credit insurance for this custodian bank. The insurance company bears the risk of customer account loss caused by the bankruptcy of the agreed bank.
These are only the two most important principles, and there are many other requirements, such as requiring foreign exchange dealers and banks to deposit a certain amount of risk margin in the US Central Bank, so as to reserve the final punishment right for illegal operations of foreign exchange dealers and banks. etc
. This shows that being supervised by nfa.cftc can be said to be completely guaranteed for customers.
In addition, investors can clearly check the history and registration information of foreign exchange dealers from the websites of these regulators. Whether there is a violation record. Whether there is a record of warning or punishment by the regulatory authorities, so as to better understand the dealers. If you choose an informal foreign exchange dealer, investors' funds are not guaranteed. Once foreign exchange dealers violate the rules, investors' funds will be lost.
There is no place to complain.
Regulators in other countries include Switzerland, Australia, New Zealand, Japan and Norway.
These countries have supervision over foreign exchange margin trading. However, the degree of supervision is relatively weak compared with that of the United States. It is also difficult to find detailed information and historical records of regulated companies from the Internet. Generally speaking, it is impossible for us to verify those foreign exchange dealers who claim to be regulated by financial institutions in these countries.
The United States is the country with the most perfect regulatory agencies. Foreign exchange dealers regulated by American Futures Association (nfa) and cftc. It is the first choice for margin trading, followed by Britain and Hong Kong. We don't have to choose those who claim to be regulated by other countries and regions and we can't find them, and we don't have to choose them. Because as we said just now, there are enough foreign exchange dealers with strict supervision to choose from. Like fxsol
pfg
Ifx and so on
In the following time, we will answer some investors' questions about the choice of traders.
1 Some investors asked
Is it normal for my dealer to open an account in RMB?
If a foreign exchange dealer allows investors to open accounts in RMB, there must be something wrong with the foreign exchange dealer, because our country has not liberalized the foreign exchange margin business, and even the offices of foreign dealers in China are not allowed to conduct business, so we can only open accounts abroad or in Hong Kong through them. Moreover, RMB is not a freely convertible currency. How can regular traders be allowed to open accounts in RMB? In general, regular foreign exchange dealers accept accounts in US dollars or local currency. Therefore, such dealers are illegal, and regular dealers will not do so.
As black foreign exchange dealers, what do we often say?
We often talk about the black market of foreign exchange.
Is one of the worst in nature.
Some are abroad.
Unregulated. Some are simply established in China, but they are under the banner of foreign countries or Macao. This kind of company has two characteristics. First, it is not regulated, and many of them are registered in offshore island countries. Some can't find the address of foreign companies at all.
second
Some companies even have servers in China. In the process of operation, they may not make customers unable to withdraw funds, but they will try their best to make investors lose money because investors gave them money.
The money was not traded in the international market, and investors saw the loss.
In fact, it is a loss to these black traders. Usually their practice is to give wrong market information, encourage heavy positions, and the trading platform is often short-term, and so on. These are all naked deception to investors.
My foreign exchange dealer asked me to remit money to a private account or an unknown company account in China.
What's going on here? A Hong Kong company said, let me deposit my money in a Hong Kong company and then transfer it to a British company. That is the British platform. Is it okay?
First of all, it is clear that all regular dealers can only accept the remittance from the applicant, and cannot transfer money through a third party, nor can they accept the application and transfer requirements of a third party when withdrawing money. Therefore, we should understand that no company or individual in China has the right to accept investors' funds! Otherwise, either the company is not formal or the dealer is not formal! We can think of it this way. If it is really a formal British company, you can remit money directly. Why should I remit it to Hong Kong first? If they really transfer their accounts from Hong Kong to the UK, they must open an account in their name, that is, they will not open an account in your name. There is a problem.
Conventional foreign exchange dealer
Your funds were remitted by yourself.
The custodian bank corresponding to your account is from real name to real name.
Just think about it.
Imagine if you remit money to a private account, if the foreign exchange dealer has a problem, or if the owner of this private account has a problem, how do you take out your money? Because there is no supervision, there is no place to complain. . Moreover, it is hard to say what the money did after it was remitted to a private account. Maybe it didn't reach the international market at all, so I told you it was lost, but it actually went into their pocket.
On the other hand, even if the dealer is regular.
This practice is unacceptable.
Because regular dealers only accept the remittance from the applicant himself, you keep the money in your private account.
So even if you open an account,
It must also be in that person's name.
How did it end up in your name? Therefore, it is definitely irregular to remit money to a private account.
four
Some customers often think so.
My choice of foreign exchange dealer
The writing room is very luxurious
How to dump it? How can it be a lie Until all the money is gone
Still don't understand.
First of all, the formal procedures are clarified. The customer's money is directly remitted to the dealer's custody bank account, not through individuals or intermediary companies; Therefore, the information of domestic agency companies should not be used to judge whether the dealers are formal; These have nothing to do with registered capital, decoration, office building, site size, number of personnel, cooperation with the government or banks, etc. The key is whether the selected foreign exchange dealers are regulated by local laws, whether the local supervision is strict, and whether the funds are deposited with custodian banks.
You can even think that an introduction agent who doesn't even have a writing room is more formal than a big company with a large office building, as long as it is managed formally!
The principle here is
Don't look at the company or individual who introduced you, but pay attention to whether the dealer he asked you to do is formal and whether the account opening procedures are formal.
Investors often ask me.
How about Hong Kong * * * Company?
Formal and informal
There are many companies in Hong Kong, I can't remember all their names, but investors should remember that the regulated foreign exchange dealers in China and Hong Kong can only engage in margin business with leverage of 20 times, and it is illegal to exceed 20 times. Some foreign exchange dealers in Hong Kong are indeed regulated. But in order to escape supervision
Engaged in margin business for more than 100 times, registered a company in Macao or somewhere abroad, claiming to be its branch. Then he said that this company is also supervised by the Hong Kong Securities Regulatory Commission. In fact, this is a kind of deception, because branches in Macao or abroad are independent companies and will never be supervised by the Hong Kong Securities Regulatory Commission. Many foreign exchange dealers in Hong Kong were punished for engaging in black market foreign exchange transactions in Macao. Relevant records can be found in the Hong Kong Securities Regulatory Commission. So just remember that Hong Kong companies only need more than 20 times leverage.
It must be.
Not affected by violation of laws and regulations.
six
Can Macao foreign exchange dealers choose?
At present, there are many so-called foreign exchange dealers in Macau doing business in China. Some say it is supervised by the Hong Kong Securities Regulatory Commission. Some say it is supervised by the Macao Securities Regulatory Commission. Some people say it is a branch of a big European company and so on. In fact, many foreign exchange dealers in Macao are irregular, because the supervision of the Macao Securities Regulatory Commission is relatively weak.
The Hong Kong Securities Regulatory Commission will not supervise Macao and will not allow leverage to exceed 20 times. I think many Hong Kong and Macao companies violate the rules largely because of the use of.
Investors think that Hong Kong and Macao are close to us, which is a misunderstanding.
seven
The foreign exchange dealer I am about to choose is not supervised by myself, but by the head office.
Can I choose?
It is not recommended to choose. Some foreign exchange dealers themselves are not regulated, but claim that their headquarters are regulated to mislead investors into thinking that they are also regulated. Because the supervision of the head office has nothing to do with the supervision of the branch offices. A branch is an independent entity. If there is something wrong with the branch, the head office will not have much responsibility in law. When we look at a foreign exchange dealer, we don't care where its headquarters is.
How strong the strength is, we should focus on whether the foreign exchange dealers themselves are not regulated.
The dealer I want to choose is said to be a British platform, but it is not regulated by fsa. Can I choose?
It is not recommended to choose because regular dealers in the UK must be supervised by fsa. Don't listen to any reason why traders are not regulated by fsa. Some dealers claim to be British, but in fact they are only registered on British islands.
For example, bvi (British Virgin Islands)
. Although it is British, it is different from Britain. This is an offshore island that escapes supervision. This is also what everyone should pay attention to.
How can remittance be safe? How do I know that the place where I open an account is a regular supervised dealer?
A: No matter how the dealer publicizes it, no matter which bank the payee is, JPMorgan Chase, Citigroup, HSBC or a small bank you don't know, it doesn't matter. The key depends on the exact full name of the payee. Then go to the website of the government regulatory agency where the trader is registered to investigate all his registration information to see if the name of the regulator is consistent with the payee written on the money order. Only when there is no problem with these materials can you be sure that it is safe for you to send money abroad.
Only: the name and address published on the dealer's website = the name and address of the payee = the information published by the government regulatory agency.
Only in this way can it be safe, and it must be exactly the same.
If you can't find the regulator or registration information of this dealer, or there are any subtle differences in information, it is probably illegal. Your funds are not safe.
The key is not that you sent money abroad, but who you remitted it to! Who is the payee? That's the point.
Your funds are safe only when the payee is legal. Not the receiving bank is legal, your funds are safe.
For example, a swindler opens an account with Citibank in Hong Kong and asks you to remit money to Citibank in Hong Kong. Just because Citibank in Hong Kong is legal and safe, you can't trust to remit money to that swindler's account in Citibank. Obviously, it is not safe to do so.
But it happens that many people say that there is a dealer who wants to remit money to Citigroup, so I trust him very much and there will be no problem. At this time, this is very stupid.
Through everything we said above.
, you can find, find the nfa
Foreign exchange dealers supervised by Cftc open accounts such as fxsol.
Ifx pfg is the most transparent, safe and worry-free.
simplify matters
This is also a piece of advice for new investors in this field.