1. Is there any authoritative supervision?

Many foreign exchange platforms claim to be supervised by regulators, but in fact, the qualifications and supervision methods of regulators are different. At present, the more authoritative regulatory agencies are FSA, NFA, FSC and ASIC.

Foreign exchange supervision can be divided into two categories: offshore supervision and complete supervision. Complete supervision requires that the foreign exchange platform must set up a qualified entity company in the place where the supervision institution is located, and it also has strict requirements on financial audit and margin. Offshore supervision has much looser requirements for foreign exchange platforms, and it is easier to obtain regulatory licenses. It can be seen that the gold content of complete supervision is much higher than that of offshore supervision.

2. The level of communication

The spread refers to the difference between the buying price and the selling price in foreign exchange transactions. The spread will affect the transaction cost of investors. The higher the spread, the higher the transaction cost. Although the spread is relatively small, it has a great impact on profits.

3. Deposit account type

The deposit account of a formal foreign exchange platform is usually a company account. If it is a private account, it is likely to be a black platform.

The above contents are about how to judge the regularity of foreign exchange platforms, hoping to help.

Tips: Investment is risky, so be careful when choosing.

Reply time: 2021-11-25. Please refer to the latest business changes announced by Ping An Bank in official website.