Platform background. It depends on whether a platform has been put on record by the the State Council Inter-Ministerial Joint Meeting and whether there are official documents from the provincial government. At present, the approval authority of domestic precious metal spot trading platform is in the provincial government, and the reply below the provincial government is invalid.
2. Platform scale. Regular exchanges, trading markets or trading centers all adopt the membership system, and there are dozens of member companies. Some platforms are under the guise of exchanges, trading markets or trading centers, but there are no real member companies or only a few agents.
3. quote. Spot gold and silver quotations all over the world come from London gold and silver. At present, China basically has no pricing power for gold and silver. Convert the latest quotation of London Bank (USD/oz) into domestic quotation (RMB/kg, RMB/g) to see if the error is within 10. Pay attention to the latest exchange rate of US dollar against RMB published by China People's Bank Daily. The international market is quoted in USD/oz, and the domestic market is quoted in RMB/kg or RMB/g. If the price is quoted in USD/kg, USD/g or RMB/oz, there will definitely be doubts.
4. Trading software. Most of MT4 software used in domestic platforms is pirated. There is also an order repurchase system, which is generally under the guise of relying on physical store trade to do e-commerce.
5. handling fee. According to the international practice of spot trading of foreign exchange and precious metals, the transaction cost consists of two parts, spread+handling fee, only spread or handling fee, and the international practice of the industry is not implemented.
6. Media reports. Whether there are official mainstream media reports, such as provincial TV stations, national newspapers, large portals and so on.