Nowadays, foreign exchange is generally MT4 trading software, and people who do foreign exchange know how to use it, so you can understand it by asking someone in your composition.
Foreign exchange companies that choose to invest in foreign exchange accounts should pay attention to three points.
The first thing to open a foreign exchange account is to choose to accept the supervision of the British FSA. Hong Kong only allows 20 times leverage trading, while the highest leverage in the United States is 65,438+000 times, and some currencies are 20 times, so now American dealers basically provide 20 times leverage.
The second point of investing in foreign exchange is that the platform should be stable. It is recommended to use MT4, and it is best to apply for a simulated account.
The third point is to invest in foreign exchange, the spread must be reasonable, and the fixed spread must be chosen. The floating spread will slip and the liquidation will not be timely. Generally, a difference of 3-4 points is reasonable.
It is best to choose the British foreign exchange company directly. London is the largest foreign exchange trading center in the world because the FSA in Britain is the most strictly regulated institution in the world. Moreover, foreign exchange companies in the UK are usually members of the London International Futures Exchange, and they can often trade gold and international crude oil at the same time, so it is more advantageous to choose the FSA in the UK.
After selecting a British company, you need to look at its regulatory number. After obtaining the company's regulatory number, log on to the FSA website to view its regulatory information.
But pay attention to the deck company. The way to identify a deck company is simple. Take TransMarket Group LLC, an internationally renowned financial company, for example. Its collection account is the company name TransMarket Group LLC. If there is something different, it may be a fake company. This method can also identify the authenticity of the medicine. Because remittance accounts of foreign exchange companies are often unique.
Also, if you ask for remittance to Hong Kong, you need to pay attention. If you accept RMB remittance, it is likely to be a black company.
Finally, please note that in the United States, no company regulated by NFA can offer all-currency transactions with leverage of 100 times.
In fact, as early as last year, many companies withdrew from NFA supervision in the United States, and this year more foreign exchange companies withdrew from NFA supervision in the United States.
But there are also benefits. Many companies hand over the retail business to the British branch, and the supervision and financial guarantee are higher than those of the NFA in the United States.
Because the latest NFA regulations in the United States reduce leverage, some currencies only have leverage of 10 times. Secondly, many unreasonable trading regulations have been made, such as prohibiting customers from stopping losses and locking positions. So almost all foreign exchange companies today are British. If another company tells you that it is regulated by the NFA and can provide leveraged trading of 100 times, it may be a liar.
It is best to use TMG platform now.