Many people don't know the name of this company and how to make money. They don't know where the fund supervision is, and they don't know the cost difference, so they rush to operate.
Today, I will tell you how the outer disk is pitted.
Regulatory aspects
The external market mainly depends on supervision, because the supervision mechanism of foreign financial mechanisms is stricter than that of domestic ones. Let's just say that domestic spot and futures stocks are qualified, but they are not too strict.
Some junior high school graduates can find jobs as long as they have good sales ability. But in a real foreign company, it is basically necessary to have a qualification certificate to work!
But now many companies are registered by China people abroad, mainly to develop domestic customers! So this involves a regulatory issue! Every country should supervise finance!
So is domestic regulation.
CSRC: China Securities Regulatory Commission.
China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) is a ministerial-level institution directly under the State Council. According to laws and regulations and the authorization of the State Council, it uniformly supervises and manages the national securities and futures market, maintains the order of the securities and futures market, and ensures its legal operation.
CBRC: China Banking Regulatory Commission (hereinafter referred to as CBRC or CBRC); English: China Banking Regulatory Commission was established on April 25th, 2003, which is a ministerial organization directly under the State Council. According to the authorization of the State Council, we shall uniformly supervise and manage banks, financial asset management companies, trust and investment companies and other deposit-taking financial institutions, and safeguard the lawful and steady operation of the banking industry. (Excerpted from Baidu Encyclopedia)
So there should be similar institutions abroad to supervise it?
Before a brokerage, that is, a foreign exchange company opens an account, it is necessary to find out where it is supervised and whether it has a license! This has nothing to do with making money or not. Regular exchanges can't guarantee you to make money, but regular exchanges can guarantee that your money can be taken out and give you a fair trading environment!
Here are some examples of regulators:
Before you do it, you have to ask them where the supervision is and what the supervision number is. You can check it when you're done.
Because many fraud companies do this:
Foreign fraud companies are registered in NFA or British FSA, but they are not qualified to operate foreign exchange margin business, and use domestic investors' ignorance of rules and English to cheat. ! ! It's equivalent to selling dog meat by hanging sheep's head!
Don't make meat buns and beat dogs without a supervision number. Now many of them are made by Hong Kong companies.
Regulation in Hong Kong is relatively loose, because, as mentioned above, regulators are all subordinate to the state.
But Hong Kong is very special.
China Gold and Silver Exchange is only an industry association, not a government regulatory body, and has no regulatory authority.
The members of the board of supervisors of the fair are all responsible persons of gold companies, both athletes and referees, which cannot guarantee the fairness and transparency of supervision.
For example, the Hong Kong Securities Regulatory Commission stipulates that financial investment can only be leveraged by 20 times at most, but the gold margin companies in the Chinese gold and silver exchange are basically leveraged by 100 times, which greatly exceeds the regulations of the Hong Kong Securities Regulatory Commission.
Many gold trading companies in Hong Kong use personal transfer banks to receive remittances, and they can also use third-party remittances, which is totally inconsistent with international regulations on money laundering and financial risk control.
China Gold and Silver Exchange did not warn and deal with the illegal acts of Zhongtian and Hengxin in advance, but only issued an announcement to try to distance themselves from each other and shirk their responsibilities.
At present, many mainlanders or Hong Kong people buy the license of China Gold and Silver Trade Fair Association, and the trade fair is not an administrative agency or a third-party agency, but an industry association composed of precious metal companies, similar to the domestic individual and private associations (full name: individual workers and private enterprises association). Therefore, it has no power to authorize and supervise. Moreover, there are too many problems of fraud, bankruptcy and running on the Hong Kong platform.
So if it is supervised by the Hong Kong Gold Industry Association,
If you don't know the trick, don't do it.
Because this is the self-discipline management of various practitioners, not government agencies!
Software aspect
MT4 MT5 is international.
MetaQuotes software company
The software developed by this company, and you have to pay attention to whether it is genuine or pirated!
In order to prevent software piracy, Russian MetaQuotes software company currently uses online download, which means that the genuine MT4 software downloaded by everyone is about 300-500K K, which is just a downloader. After clicking and installing, the genuine MT4 software will be downloaded from the server of MetaQuotes software company, which is the most fundamental verification method. Pirated MT4 software is all 4-6M applications, not hundreds of K software.
Of course, this is definitely not the mt4 mt5 used by all companies, but if a software is developed by another company, you should be careful. And those who use pirated MT4/5 usually modify many programs, and you can't prevent small moves!
Here is a quote from a post edited by a well-known foreign exchange website.
At present, the black platform of China's foreign exchange industry has formed an industrial chain, including MT4 software piracy, registering overseas companies, providing overseas supervision, opening overseas bank accounts, making overseas multilingual websites and so on.
The deception of domestic scammers and dealers is basically divided into the following categories:
1. Register an overseas company, open a offshore account in Hongkong and Shanghai Banking Corporation through the license of the overseas company, and then steal the real registration number of other NFA or FSA companies to confuse the real with the fake. This method is the most commonly used, and the representative methods include OXP and CCN.
2. Register an Australian or New Zealand company, and then spend money to buy Australian or New Zealand supervisors, and then develop the China market.
3. Register an overseas company, operate a fraud platform, and then act as a general agent, represented by Xi Hui International, MDA, Tupperware and Harvest Foreign Exchange.
4. Foreign fraud companies are registered in the NFA of the United States or FSA of the United Kingdom, but they are not qualified to engage in foreign exchange margin business, and they use domestic investors to do fraud without knowing the rules and English.
5. Pretending to be a well-known foreign exchange company, fake FXSOL and so on.
At present, the swindler dealers in China are mainly concentrated in the following cities: Beijing, Shanghai, Guangzhou, Shenzhen, Dalian and Chengdu.
Then these scammers have a basic connection. Most of the MT4 software they use is pirated software. Their remittance bank accounts are basically Hong Kong accounts, and the domain name registration time in official website is basically within the last two years. As long as the majority of foreign exchange investors grasp these three key points, they can basically rule out the vast majority of fraudulent traders.