The US NFA is the first choice for regulatory agencies, and NFA is the most regulated among many regulatory agencies. It has a first-in, first-out principle and a low leverage of 50:1. The first-in-first-out principle does have a significant impact on traders’ trading habits, but some smart platforms have cleverly avoided this impact by opening accounts and sub-accounts. The upper limit of 50 times leverage is right in Jiahui International’s view.. .
The US NFA is the first choice, and NFA is the most regulated among many regulatory agencies. It has a first-in, first-out principle and low leverage of 50:1. The first-in-first-out code does have a significant impact on traders’ trading habits, but some intelligent platforms have cleverly avoided this impact by opening accounts and sub-accounts. The upper limit of 50 times leverage is in Jiahui International’s view. The trading impact is almost zero, only affecting those speculators with overweight positions and full positions.
The British FSA is far from the NFA and even a little irresponsible in terms of its regulatory standards! But the UK's position in the world's financial sector makes FSA ranked second. However, the FSA recently provided a protection plan for investors to ensure that our interests are not violated. The FSA was restructured by the Securities and Investments Board (SIB, established in 1985) in October 1997. It has become the most stringent regulatory agency for the unified financial market in the UK. It exercises statutory duties and is directly responsible for the UK Ministry of Finance. The United Kingdom is also the world's largest foreign exchange trading center, with a daily trading volume of 400 million US dollars. London accounts for 37% of the global foreign exchange trading volume, and New York's daily trading volume is only half of that. In addition, the British foreign exchange company is usually also a member of the London International Futures Exchange and can often trade gold and international crude oil simultaneously, so choosing the British FSA has more advantages. Once any British company is approved to operate by the FSA, the company will automatically become a member of the Financial Services Compensation Scheme Limited (FINANCIAL SERVICES COMPENSATION SCHEME LIMITED, FSCS), and members must pay three types of funds to the FSCS: initial funds, subsequent additional funds, and unique contributions. FSCS is responsible for the deposit, insurance, and investment compensation appointed by the FSA. When the company fails to fulfill its obligations, each customer will be compensated with a limit of 48,000 pounds. All conditions are only for local customers and are not protected for overseas and Chinese customers.
Although there is no NFA, Australia ASIC, FSA was established early, but it also has a place in the current regulatory mechanism. The Australian Securities and Investments Commission was established in 2001 under the Australian Securities and Investments Commission Act. This institution independently exercises regulatory functions on companies, investment activities, financial products, and services by the law.
Platform performance properties
Experience tells us that any platform may have problems, but platform problems never cause the loss, but you are far-fetched! Now mainstream platforms will compensate customers for losses caused by their technical issues, as long as you provide conclusive evidence rather than wishful thinking about the platform. Regarding MM and ECN, ECN is a trend, and MM is a hedge between a trader and your transaction order. It is evil behavior for the user to buy up and the trader to buy down. The spreads are all swimming in everyday inter-bank transactions regarding floating and fixed spreads, so it is an irrational perception that people are more averse to floating. In addition, it is not recommended to use MT4. It was affected by the confusion of the foreign exchange market in the early years. As long as it is a black platform, it must be MT4! Secondly, repeat the quote, MM's MT4 stop loss is too significant.
Users are most concerned about whether the withdrawal is safe and timely after making money in the financial market. On platforms regulated by the US NFA and the UK FSA, if the brokerage delays the withdrawal of funds for more than one month, the user can directly write a complaint to the US NFA or, In the UK, FSA, the compensation will be staggering. Secondly, large brokerage firms will only accept deposits and withdrawals from the account holder to prevent international money laundering and protect customer funds. The name of the withdrawal account holder must be the same as the name of the account holder. Generally, it takes about 20 days from the application for withdrawal to the receipt of the money in the bank account. This includes the review of the application by the brokerage, the study of the remittance of funds by the National Bank of the United States, the assessment of the inflow of foreign funds by the People's Bank of China, and the transfer of funds from the Central Bank of China. The time required to reach the bank where the user opens an account. If it is a large-scale brokerage agency with offices in the country, the relative speed will be much faster, and it will directly save a lot of cumbersome review links.