There is no platform dedicated to international spot gold in China. In recent years, more and more foreign or Hongkong international spot gold platform vendors are doing business in China. After confirming the legality, investors can submit an application for opening an account to Taiwan businessmen, and feel free to invest in international spot gold. In recent years, it is necessary to check the regularity of spot gold investment companies in two steps:
How to distinguish the black platform of spot gold trading
The black platform in spot gold means that the operating platform is not connected with the global market, and the customer's funds are operated inside the company of the black platform (mostly the rented MT4 platform), and the company earns the customer's money by operating the platform.
Black platforms and regular platforms can be distinguished by the following points:
1. Spread and commission Conventional international spot gold margin trading generally charges a spread of 0.5 and a commission of 50 USD/lot.
2. Platform Providers Platform providers in Hong Kong must have a record with the Hong Kong Securities Regulatory Commission (SFC), which is the legal regulatory body of Hong Kong's financial industry, and chinese gold and silver exchange society has no right to exercise legal supervision. In addition, at present, the regular international spot gold margin transactions are generally represented by the member companies of China Gold and Silver Exchange Association. It should be noted that among the members of China Gold and Silver Exchange Association, only Class A and Class C members are qualified to trade spot gold, while other members are not qualified to trade spot gold. At present, the mainstream traders in the world are all platforms in Europe and America.
3. Fund Management At present, the warehousing funds of domestic regular international spot gold margin transactions are generally managed by Hang Seng Bank and HSBC (or domestic banks cooperating with them, such as Industrial and Commercial Bank of China) through third-party custody.
4. Exit problem If the agency you encounter is not domestic, or the platform provider is not supervised by its local regulatory authorities, then you should be vigilant. It is very likely that this platform provider is illegal and ready to abscond with the money after you save it.