The so-called over-limit operation refers to the fact that although dealers hold authorized licenses (or only register a certain number) from various countries' regulatory agencies, their license qualifications do not have the authority to engage in foreign exchange brokerage business, which means that the foreign exchange business provided by these dealers is beyond the scope of supervision and management. Many overseas regulators have a clear classification of the companies and business levels they supervise, but because investors don't know enough, many traders are wandering around here, doing the business of "hanging sheep's heads and selling dog meat".

Please note that foreign exchange overrun operation = unsupervised! In other words, your investment funds are not guaranteed.

New Zealand license plate has become the hardest hit area for over-limit operation.

New Zealand's FSP (Financial Services Enterprise) and FMA (Financial Market Authority) have always been confusing. Even though this website has repeatedly stated that "please note that New Zealand foreign exchange traders need to hold FMA financial derivative licenses to be supervised", there are still many foreign exchange black platforms claiming to have FSP numbers for New Zealand foreign exchange retail supervision, deceiving investors.

According to the Financial Market Conduct Act and its subsidiary regulations changed on February 28th, 20th15th, all qualified foreign exchange dealers regulated by New Zealand must obtain the derivative product provider license granted by FMA. Financial derivatives license information is displayed on the FSPR query page. Any compliant broker providing derivative services needs to disclose information to investors, especially retail customers.

FSP refers to the online information registration of individuals, enterprises and institutions providing financial services in New Zealand, and does not represent supervision!

American NFA members operate beyond the quota

As a strictly regulated institution in the foreign exchange industry, the NFA in the United States often represents the authority in the industry when obtaining the retail foreign exchange license. Therefore, there are always some black platforms in the foreign exchange market that falsely claim that they have an NFA regulatory license in the United States, or use most people's ignorance of NFA members to get away with it. Only when they are registered in the NFA do they claim that they are subject to NFA foreign exchange supervision.

You know, besides RFEDs (retail foreign exchange brokers), futures brokers (FCM), recommendation brokers (IB), commodity trading consultants (CTA) and commodity joint venture fund managers (CPO) can also become NFA members.

In the United States, you must have RFEDs to become a retail foreign exchange broker under NFA supervision. At present, only three dealers in the United States have retail foreign exchange qualifications, namely, Oanda Anda, Gain Capital Jiasheng Foreign Exchange and IG Markets, which were added in June this year at 5438+ 10. Therefore, except for these three dealers, all dealers who claim to hold NFA foreign exchange licenses are forged or exceeded.

Small regulatory agencies permit over-quota operation.

As the saying goes, "a big tree attracts the wind", now many traders turn to use a small regulatory license like Saint Vincent to confuse investors and blatantly operate beyond the limit.

However, after verification by the eye of foreign exchange consultation, multinational companies regulated by FSA (Saint Vincent Financial Services Authority) did carry out foreign exchange business, but the agency did not authorize foreign exchange supervision and did not accept complaints.

FSA also did not disclose any information about IBC, an international business company, on its website, including the list of IBC companies and the commercial authority of IBC. The Financial Services Authority does not supervise, supervise, manage or permit IBC to engage in foreign exchange trading or brokerage business.

Running an out-of-gauge platform is actually no different from being unregulated. Investors must recognize this and be vigilant! When verifying the dealer's supervision license, it is necessary to confirm whether there is a foreign exchange retail supervision qualification.