At present, there are quite a lot of foreign exchange black platforms, some of which are slow to withdraw cash, some are malicious spreads, and some are pyramid schemes.

Don't be greedy and cheap, use some small platforms that come to your door!

Security of account funds:

Traders generally have two bank accounts: one is an enterprise account, which is mainly used to deposit the company's operating funds, such as employee salaries and management fees; The other account is a customer account, which is used to deposit the trading funds of customers. We should choose a dealer who separates the two accounts, such as giving the client's funds to a third-party fund management company or using entrusted services.

Transaction costs:

The use of straight-through brokers generally only needs to pay a certain margin according to the leverage ratio, and no additional fees are required. Pay attention to prevent brokers from charging other fees. If you choose the form of ECN, you have to pay a commission. Each standard lot (in foreign exchange transactions, the lot is the unit of transaction quantity, and in foreign exchange transactions, the lot represents 654.38+ million base currency) is about 654.38+00-20 USD.

Comparative communication:

Direct brokers use spreads to make money, and try to choose brokers with smaller fixed spreads. The smaller the price difference, the lower the cost. However, it may be noted that some brokers may use everyone's psychological inducement to open an account. The safety of brokers is the first, and then the pursuit of interests.

Pay attention to the sliding point:

Because of the high liquidity of foreign exchange trading, slippage (the difference between the customer's order price and the actual transaction price) is inevitable, but some traders will make malicious slippage, so pay attention to whether the slippage of their trading orders is abnormal. After choosing a regulated platform, investors can invest a small amount of money to test the stability of the platform operation, and then increase their investment after determining that it will not affect the trading operation.

Trading leverage and account margin:

Because the leverage ratio of foreign exchange transactions determines the amount of margin to be paid, if the leverage ratio of 100: 1 is selected, then only the transaction amount of1100 will be used as the margin. Pay attention to see if foreign exchange dealers can choose multiple levers and have mini accounts. Some foreign exchange dealers will offer mini accounts and micro accounts, and they can have a foreign exchange trading account as low as $25.

Trading platform deposit and withdrawal:

Whether the trading platform tools provided by traders are stable, convenient and easy to use. The order execution speed of the account and whether the deposit and withdrawal are real-time. In general, it is best to receive the deposit immediately, and it is especially better to withdraw the deposit within 1-3 working days.

The diversified choice of currency pairs can provide diversified currency pairs for traders, and pay attention to the limitations of some traders' trading varieties on the platform.

Customer service:

Can you provide 24-hour customer service? When you encounter a temporary problem, can you contact the dealer to solve the problem quickly?

Use more network circles:

You can search the relevant information of traders with the help of search engines to see if there are any bad reports and comments; You can also go to some industry exchange circles and forums to consult their word of mouth.

There are countless ways for fake e-commerce to lure traders to make money, such as high profits or even guaranteed income, zero price difference or other unrealistic promises. Fraudulent companies often try their best to show their brands together with the formal platform, or "set up cards" to confuse the fake with the real. Therefore, especially novices must be careful when choosing dealers, compare them according to the above methods, and pay attention to the most important thing is to identify their regulatory information.