Things to note when opening a spot gold and silver account:

1. Business qualifications

Regular trading companies are exchange members, authorized agents of exchange members, and commercial banks. Investors can inquire on the exchange's website. The exchange's member units are publicized on the Financial Exchange's website. Investors can also call directly to inquire about their membership. The Hong Kong platform can be found on the Hong Kong Gold and Silver Trade Center website.

2. Fund security

Formal trading company funds are deposited in the exclusive accounts of gold exchange member customers, and the stamps will be registered and supervised by the Shanghai Futures Exchange. The funds of informal trading companies are stored in their own accounts or even personal accounts. If it is a platform in Hong Kong, be sure to choose a platform provider from the Hong Kong Gold and Silver Trade Center with legal electronic communication qualifications.

3. Safely supervised traders

The so-called "third-party custody of customer settlement funds" means that in accordance with the provisions of relevant laws and regulations, customer transaction settlement funds are uniformly handed over to independent brokers. third-party custodian institution to store. At present, third-party depository institutions refer to commercial banks with third-party depository qualifications. Customer transaction settlement funds are handed over to a third-party custodian bank for unified custody, and the customer's margin is guaranteed by the dual credit of the commercial bank and the dealer to ensure the payment of the customer's funds, and the safety of the customer's funds can be guaranteed and more assured.

4. Trading platform characteristics

Formal trading companies have stable platforms and will do their best to maintain the trading platform so as not to affect customer transactions. The trading platform of an informal trading company is its own and is subject to its own human control. Sometimes it may even cause various phenomena such as disconnection, inability to complete transactions, and inability to close positions. The purpose is to prevent customers from making profits or causing customers to suffer losses.

5. Nature of trading advice

Formal trading companies will provide customers with reference opinions and make no commitment to accuracy, hoping to help customers make profits. Informal gold trading companies induce customers to trade based on their trading recommendations, and induce customers to make losses to achieve their own profit goals.

The following takes members of the Gold and Silver Trade Center as an example to introduce the process of opening a spot gold and silver account:

1.1. Enter the website, open the registration page, fill in your commonly used mobile phone number, and click to obtain the dynamic verification code;

1.2. Drag the arrow, move the puzzle pieces to overlap, and complete dragging the verification code;

1.3 Fill in the dynamic verification code received by the mobile phone (if you have not received it for a long time, You can try the voice verification code), check to read and agree to the "User Agreement", and click to proceed to the next step;

2. Fill in your real name and ID number, and click to proceed to the next step;

3. Set the security code to log in to the member center as required, click Next;

4. Obtain the MT4 trading account and MT4 trading password, please log in to the member center as soon as possible, inject capital to activate and complete the identity verification and Bank card verification.