the most important thing is the safety of funds: to participate in foreign exchange investment, you must first find a dealer who is strictly regulated, so that the safety of funds can be guaranteed! Traders must be supervised by NFA and CFTC in the United States or FSA in the United Kingdom. At the same time, they must inquire about the supervision registration number of the traders who will participate, and pay attention to whether the names of the traders are consistent with the names of the inquired traders. A foreign company should be another company if it is short of an English letter.

At present, according to the latest US policy, the leverage of traders regulated by NFA in the United States is reduced to 1:5. However, there is no restriction on FSA in the UK, and mainstream traders can generally achieve 1:4, as long as they pay full financial service insurance to the regulatory authorities. New Zealand, Singapore, Macau, Switzerland, Japan and Hong Kong (those within 2 times leverage are formal) have supervision over foreign exchange margin trading, but the degree of supervision is weaker than that of Britain and the United States.

British Virgin Islands, Indonesia, Iceland, Panama, Cayman Islands ... The supervision is in name only, so advise friends to be cautious! At present, the most authoritative and strict regulators in the world are the United Kingdom and the United States. Despite the unfortunate bankruptcy of traders, regulators will return customers' funds through regulatory policies and legal channels.

① America. Formal American traders must be registered with the Commodity Futures Trading Commission (CFTC) and become members of the American Futures Association (NFA). The duties of the Commodity Futures Trading Commission (CFTC) and the American Futures Association (NFA) are to protect the interests of traders and prevent fraud, manipulation and other illegal trading activities.

check the regulatory information through the NFA ID number provided by the dealer. The following words must be found under the Current Status of NFA official website:

forex dealer member approved

forex firm approved

retail foreign exchange dealer registered

NFA member. Approved

futures commission merchant registered

according to the latest policy of the United States on October 18th, 21, the leverage of major currency pairs of dealers supervised by NFA in the United States can only be 5 times at most, and the first-in-first-out principle is implemented, and orders cannot be locked.

② Britain. The regulator in Britain is the Financial Services Authority (FSA), which is set by the government, which defines its behavior and authority and sets industry standards. All dealers regulated by the Financial Services Authority (FSA) must comply with these standards. If a trader violates the rules, FSA has the right to ask the offending trader to make compensation to the customer. Now, Britain has also launched a compensation plan, which will compensate the customer if a trader fails to make compensation.

The following words must be found in the regulatory information of FSA official website:

The process is as follows: enter the registration number in FSA official website, and the basic information will include the name of the regulatory company and some company information. In Current status, the words Authorised and approved must be found. Under Notices, there must be the following words: notices: able to hold and control client money. Only companies that have passed the strict examination of the regulatory authorities will be granted such rights.

then, open the Permission option on the webpage, and in the activity name: Dealing in investments as principal item below, There should be the following words:

contract for differences (excluding a spread bet and a rolling spot forex contract)

rolling spot forex contract

2, Find a regular domestic service agent

Don't look at the size of his office building and company, as long as he is regular. Even if there is only one person, the funds are safe and reliable, because your funds are not negotiated with the agent, and the agent only provides consulting services and develops customers. Don't be fooled by the superficial things of the agent. Investors should trust dealers, not agents. No matter how big the agency company is, if the agent is a black platform, your funds will end up in their pockets.

You can rest assured that only your local agent can be seen and touched. Actually, this is not the case. As long as the agent is legal and formal, you can consult and handle business with the agent completely through the network. There is no need to do it locally! On the contrary, if the local agent is a black platform, it will still cheat you into nothing, which is a big misunderstanding of many domestic investors!

Third, the trading platform must be stable

This depends on whether the trader's platform is stable, whether there are slippage and slow quotation, and whether it is impossible to trade. You can open a simulator on a platform to test the performance of the platform before choosing one. As long as your internet speed is not slow or poisoned, the regular trading platform feels simple and smooth to use, and the information is timely and easy to operate. In short, a good platform will not have problems that should not appear when you close your position.

Appendix: Opening and closing times of major international foreign exchange markets (Beijing time)

Wellington, New Zealand: 4: -12:

Australia: 6: -14:

Tokyo, Japan: 8: -14: 3

Singapore.