Your concerns are normal.
Of course it’s not illegal. Otherwise, there are still millions of people in China playing this game?
Also. Let’s first clarify the country’s attitude. The country’s attitude is neither support nor opposition
And the country knows that banks are also doing foreign exchange business. The country actually hopes that we will not send money abroad to speculate in foreign exchange. , Domestic bank speculation can increase GDP, but banks are doing real offers, and the investment funds are very large, which is a 1:1 relationship. If you invest a minimum of 1W, you can only play with 1W of gold or foreign exchange. There is no leverage. And the service is average, so most people will choose margin trading on foreign platforms.
To put it bluntly, just like buying clothes, international mainstream brands are naturally more secure.
In addition, it depends on whether it is regulated by the FSA, how long it has been under supervision, and whether it has been punished by the FSA. The above are the minimum capital security requirements
Before investing, please note the following. A few points, maybe I can give you a little help and avoid some detours.
1. It is recommended to choose a well-known brand platform, and then it is best to find a first-level agent in China. And if it is a European and American platform, you must choose a foreign exchange dealer that is subject to the British FSA. They will be very standardized and formal, and your funds will be more guaranteed and safer. They especially impose very strict penalties on first-level agents. If you have any problems, you can sue these first-level Chinese agents.
2. If you encounter someone who boasts to the sky, it must be a black platform or a black company. It is recommended not to be fooled. Their conditions are very tempting now, but basically they are many new Hui friends who are fooled. After all, you can't get a penny out. These are all hard-earned money.
The above two conditions are very important. These two aspects can determine the success of your foreign exchange investment and the risks of investment
That’s right. If you are a novice, you can first register a foreign exchange demo account and register for free to play.
Take a look at how simulated foreign exchange speculation works, and you will understand slowly