Choose a formal foreign exchange platform, you need to consider four elements

First: What we need to consider is transaction cost. In foreign exchange investment, transaction cost is the so-called spread.

In spreads, there are two very important concepts, namely fixed spreads and floating spreads. Fixed spreads means that except for extremely special market fluctuations, all trading with fixed spreads is maintained. Floating spread means that the trading spread changes with market fluctuations.

Try to choose a platform with a smaller fixed spread, the smaller the spread, the lower the cost;

Second: Is the deposit of funds safe?

At present, most brokers say that they have cooperation with big banks, but when choosing, they still need to actually check. The current good foreign exchange dealers are all from abroad, and there is no credible platform in China.

Third: For foreign exchange investment, the stability of the platform and the speed of placing orders are very important.

The foreign exchange market is changing rapidly. If the line is often disconnected during trading, it will directly threaten profitability. So be sure to choose a powerful foreign exchange trading platform.

Fourth: Supervision

Supervision is the most direct measure to judge whether a foreign exchange dealer is reliable. Secondly, the supervision strength of different regulatory agencies can be said to be very different. Among the more influential ones are the National Futures Association (NFA), the British Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Swiss Financial Market Supervisory Authority (FINMA), and companies like Vanuatu (VFSC) Institutions basically have no regulatory effect; you can check the regulatory status of dealers on the official website of Forex Tianyan.

Be alert to the traps of online foreign exchange speculation

In short, for foreign exchange dealers, we have countless choices. Among so many brokers, choosing the one that suits you is particularly important.

If you choose, give priority to excluding unregulated, decked, and foreign exchange brokerage supervision qualifications (many of them have the so-called ordinary license title, this must be distinguished by yourself), this type of platform is most likely to run away.

The second is large companies. Those with large supervision (UK, US, Australia, Hong Kong), even if there are companies with large supervision, it is impossible to open an account under the supervision. They are all offshore supervision, and they have little effect. I don’t know Hong Kong, anyone who understands can tell me.

Don’t invest too much and spread the funds into multiple accounts. If the funds are too large, it is recommended to choose stocks and futures.

The foreign exchange market is changing rapidly. If the line is often disconnected during trading, it will directly threaten profitability. So be sure to choose a powerful foreign exchange trading platform.