Investment in precious metals is free to open an account, and the threshold of real precious metals is the first fund to open an account and save money. Different precious metal trading platforms have different margins, some more and some less. If you are a novice, it is recommended to choose a trading platform with low investment, which can accumulate trading experience at low cost. When you gain rich experience, you can choose a platform with higher investment. Different trading platforms have different margins, even on the same platform. Because the selected account is different, the final deposit is different.
Investors should pay attention to the following points when opening accounts in precious metals:
1. Overseas precious metals investment trading platforms do not open RMB accounts.
Under normal circumstances, it is impossible for overseas investment platforms to open accounts in RMB, because RMB is not a freely convertible currency internationally. If the trading platform chosen by investors is quoted in US dollars, but accounts are opened in RMB, it is likely to be an informal platform, so we must be vigilant.
2. The funds of precious metal trading platform do not flow to domestic companies.
In any case, it should be the ultimate platform provider, that is, the overseas account, that accepts the customer's funds. Therefore, before opening an account, investors should ensure that the investment funds flow directly to overseas gold market makers or institutions with corresponding qualifications.
3. The choice of precious metal trading platform must be regulated by law.
In order to avoid being deceived, investors need to carefully examine whether the account opening platform is formal. International precious metal market makers or professional organizations must be regulated by law, such as China, Jin Rong and Hongkong. All transactions are recognized and supervised by the gold and silver exchange and controlled by Hong Kong laws.