First look at the platform qualification. A key criterion for investors to distinguish between genuine and fake platforms is the approval of the relevant government or the State Council. At present, the spot exchange in China is approved by the State Council, provincial governments and local cities. Generally speaking, the exchanges approved by the provincial government have strong strength and background, and investors can also choose.
Investors should try to choose exchanges in big cities with developed financial industries such as Shanghai, Wuhan, Guangzhou, Shenzhen, Beijing and Tianjin. Generally speaking, the bigger the city, the more standardized the management. Commercial banks' silver investment varieties such as paper and silver are also trustworthy. For many other cities in China, and even large and small investment platforms established by county-level people's governments, investors should be vigilant and choose carefully.
Second, see if the funds are safe. The most important guarantee for the safety of funds is tripartite custody. Regular spot exchanges implement tripartite custody of funds, with banks as the third party to guarantee investors' funds, and all customers' funds are supervised by contracted banks. Investors can check their own funds through bank accounts. The involvement of third-party banks can better ensure the safety of customers' funds.
Third, see if the platform is stable. The trading system of regular exchanges is more stable and reliable, and some small platforms are prone to slippage and human manipulation, which makes investors suffer huge losses. Many domestic precious metal order repurchase systems belong to typical market maker platforms, and their trading software is developed by the company itself, which has great security risks. A formal and stable platform needs to have the following elements: the slip point is not obvious, the transaction is stable, the line will not be disconnected frequently, the order speed is within 3 seconds, the data is fast enough, and there are few jams.
Fourth, see if the trading software is credible. For trading system software, investors can log on to official website to download it. Generally, formal platforms have simulation disks, which are convenient for investors to conduct simulation operations. Investors can also make a better comparison to see if there is any illegal situation of maliciously manipulating prices and controlling customers' deposits and withdrawals in their trading software. Standardized trading software should be open and transparent, and customers can operate transparently without being affected by external forces. The trading system shall pass the national information system security level protection certification. The trading system should be a closed system, and no unauthorized third-party system is allowed to access it.
Fifth, see if customers operate independently. In the investment of spot crude oil and silver, employees should not exceed their authority. Regular exchanges and brokerage companies will strictly prohibit trading operations for customers and maintain their independence.
Sixth, see if there are any restrictions on deposit and withdrawal methods. According to the settlement time of CCB, BOC, China Merchants Bank, Bank of Communications, ICBC, Agricultural Bank of China and other banks, customers can freely deposit and withdraw funds during the deposit and withdrawal period, and they can arrive in a few minutes or even seconds, with no limit and no delay. There will be no situation in which gold cannot be withdrawn from the formal platform.
Platforms that can't make money are generally through Alipay, UnionPay and some semi-hosting methods, which is also one of the characteristics of black platforms. Semi-custody is easily misunderstood as tripartite custody, but it is actually carried out in the form of bank entrusted collection. Although the funds are transferred from the bank, the bank will transfer the funds to the account of the black platform company after receiving the money, and the money lost by investors will enter the pockets of brokerage companies and agents.
Seventh, establish a rational mentality. Investors should master basic financial knowledge and believe that no investment is 100% profitable. Investment is risky. Don't dream of getting rich overnight. For the slogan of high income, investors should keep their eyes open, identify false propaganda, and don't fall into the scam built by shanzhai exchanges and unscrupulous brokerage companies.
For spot investors, in the current market environment with imperfect supervision, they should choose a legal and formal authoritative trading platform. If you accidentally fall into such a scam, investors should strengthen their confidence in safeguarding rights and use legal weapons to safeguard their rights and interests.