Recently, many investors have begun to pay attention to currency pairs, but there is a lack of knowledge about identifying formal currency pair trading platforms.
Therefore, this paper will focus on the characteristics of the formal currency pair platform.
For details on how to choose a good currency pair trading platform, please refer to the previous “How to choose a good currency pair trading platform” article.
The good ones are the FCA in the UK, the NFA in the US, the Swiss regulation is good, the SFC in Hong Kong and the FSA in Japan are also very strict;
After that, ASIC of Australia, Canada, Germany, New Zealand, Cyprus;
Then there’s the Seychelles, which has been the currency exchange of choice in recent years, and Belize, Vanuatu, and St. Vincent and the Grenadines, which have seen a lot of thunder in the past.
FCA is a relatively strict regulatory agency in the world. It protects customers in two ways:
FOS and FSCS, when a currency exchange platform has a problem during operation, and you have suffered losses due to the problems of the currency exchange platform itself, in this case, if you are not satisfied with the result of the currency exchange platform handling, you can complain to FOS (FOS official phone to accept complaints in non-English, directly communicate with the local language.
The other party will have the corresponding translation, the email can also be directly in Chinese or other languages).
If FOS determines that there is a problem with the platform, it will make a final decision to punish the platform and compensate the customer. A single compensation is 355,000 pounds. If FOS exceeds this amount or is not satisfied with the result handled by FOS, it can only go to the local court to Sue the currency pair trading platform.
The exchange mode of regular currency to exchange platform is divided into US dollar exchange and RMB exchange.
Us dollar transfers are also called telegraphic transfer channels, while RMB transfers are generally called Unionpay channels.
Take Doo Prime platform as an example. Its currency transfer methods include international bank telegraphic transfer, local bank transfer, Paypal, and credit card. The minimum deposit requirement for currency pair transaction is $100.
Doo Prime offers a variety of bank accounts, including some of the best from the world’s popular credit bureaus,
Partnerships including HSBC, UBS, Bank of America Merrill Lynch (BAML) and BNP Paribas, Raiffeisen and other high-end commercial banks ensure the safety and stability of capital.
1. Whether there is formal supervision on the currency exchange platform/currency exchange company.
2. Whether the method of entering and exiting the currency exchange platform is reasonable.
The most important thing to do investment is the safety of funds, so investors should not only pursue fast investment, but also consider whether the subsequent investment is smooth, and whether the process is reasonable.
3. Whether the brand is recognized or has certain popularity.
First of all, it is worth mentioning that it is not to say that in MT4, MT5 can search the company server is necessarily the best company, but search not must be careful.
Secondly, a platform can only survive for a long time if it is recognized by customers, so the platform with a certain popularity is relatively safe.
One thing to keep in mind is that when it comes to financial affairs, it is crucial to choose a formal platform, because only by finding a reliable enough currency to cooperate with the trading platform, can the subsequent transactions be more secure.
