How to choose a good foreign exchange platform

Whether the platform is good or not is judged by supervision. Whether the platform is good or not mainly depends on these pieces: the supervision qualification is complete, the operation is good, and the deposit and withdrawal are convenient and free. The best way to tell whether a foreign exchange platform is good or bad is to check supervision. A formal foreign exchange platform must hold a formal international financial supervision license.

Take regulatory licensing as an example. At present, internationally renowned regulatory agencies include: FCA, ASIC, FSA, FINMA, NFA, SFC, Singapore, etc. If you choose a platform with the above regulatory license, the high probability is formal security.

The reason for choosing this kind of regulatory license platform is that it is guaranteed by the supervision of platform funds. For the trading platform under the supervision of FCA in the UK, according to the requirements of FCA supervision, all brokers providing foreign exchange retail business must join the FSCS fund, which has insurance protection of 50,000 pounds for each investor. If the platform goes bankrupt or can't pay customers' funds, FSCS Fund will compensate customers, with a maximum compensation of 50,000 pounds per customer.

In addition, all customers' deposits are handed over to the custodian bank. If the custodian bank goes bankrupt, FSCS will compensate customers up to 75,000 pounds according to regulations. If the transaction capital is less than 50,000 pounds, it can be confirmed that 65,438+0% of the capital is safe and secure.