What are the internet forex trading illegal?

I've heard before that WikiFX should be okay.

Speculating on foreign exchange is a criminal offense.

According to Article 45 of the Regulations of the People's Republic of China on Foreign Exchange Administration, if a large amount of foreign exchange is bought or sold without permission, in disguised form, or illegally introduced or traded in foreign exchange, the foreign exchange administration authority shall give a warning, confiscate the illegal gains, and impose a fine of less than 30% of the illegal amount. where the circumstances are serious, a fine of 30% or more of the amount of the violation is to be imposed; where a crime is constituted, criminal responsibility is pursued in accordance with law.

It is legal because it does not interfere with the personal investment of citizens and the transaction does not take place in the country.

1. The role of domestic foreign exchange companies is to save you the step of going abroad, but if your funds are not remitted abroad, it is certainly not a legitimate company, that is, legal, but these companies must be subject to strict supervision.

2. There are two main channels for Chinese investors to invest in the foreign exchange market, one is to do the foreign exchange real opened by domestic banks, and the other is to open an account directly in a foreign country through a foreign dealer in the domestic ** institution to do foreign exchange margin business.

3. Due to the large spread of foreign exchange real (which can be understood as transaction costs.

high), except for large fluctuations in the exchange rate, the general yield.

It is difficult to be satisfied with the foreign exchange margin business because it can be traded in both directions, both long and short, and because of the leverage ratio, it can be small and large.

4. The country has not yet completed the foreign exchange margin business, but the state does not interfere with the overseas investment of citizens, so it is generally a foreign mainstream platform, and it has a great advantage in finding the best customer development and service work for them in China, and doing foreign mainstream platforms.

Extended Materials. Legal basis:

Criminal law. Article 225: The crime of illegal business operation.

Whoever violates state provisions by committing any of the following illegal business activities, disrupting market order, and the circumstances are serious, is to be sentenced to up to five years imprisonment or short-term detention, and/or a fine of between 1 and 5 times the amount of unlawful gains; where the circumstances are especially serious, a sentence of five or more years imprisonment is to be given, and a concurrent fine of between 1 and 5 times the amount of unlawful gains or confiscation of property is to be given: (1) Operating laws and administrative regulations without permission.

Franchise, monopoly or other restricted items;

2) Buying and selling import and export licenses.

Certificate of origin for import and export and other business licenses stipulated by laws and administrative regulations.

or approve the document;

3) Illegally operating **, **, or insurance business without the approval of the relevant competent state departments, or illegally engaging in fund payment and settlement business; (4) Other illegal business activities that seriously disrupt market order.

Legal Analysis: Legal, foreign exchange is a normal way of international trading.

Legal basis: Regulations of the People's Republic of China on Foreign Exchange Administration

Article 3 The term "foreign exchange" as used in these Regulations refers to the following means of payment and assets expressed in foreign currencies that can be used for international settlement: (1) foreign currency banknotes, including paper money and coinage; (2) Foreign currency payment vouchers or payment instruments, including bills, bank deposit vouchers, bank cards, etc.; (3) Foreign currencies have value**, including bonds, **, etc.; (iv) Special Drawing Rights; (5) Other foreign exchange assets.

Article 4 These Regulations shall apply to the foreign exchange receipts and expenditures or foreign exchange business activities of domestic institutions and individuals, as well as the foreign exchange receipts and expenditures or foreign exchange business activities of overseas institutions and individuals in China.

Article 5 There shall be no restrictions on regular international payments and transfers.

Article 6 The State implements a statistical declaration system for the balance of payments. The foreign exchange administration department shall conduct statistics and monitoring on the balance of payments, and publish the balance of payments on a regular basis.

The rights and interests of both parties who engage in foreign exchange margin transactions without authorization are not protected by law, and organizing and participating in such transactions is an illegal operation of foreign exchange business and the act of buying and selling foreign exchange without permission. With reference to Article 45 of the Regulations of the People's Republic of China on Foreign Exchange Administration, if a large amount of foreign exchange is bought or sold without permission, in disguised form, or illegally introduced or traded in foreign exchange, the foreign exchange administration authority shall give a warning, confiscate the illegal gains, and impose a fine of not more than 30% of the illegal amount; where the circumstances are serious, a fine of between 30% and the equivalent value of the illegal amount is to be imposed; where a crime is constituted, criminal responsibility is pursued in accordance with law.

Extended Materials. What are the classifications of foreign exchange (China classification).

1.According to the control of spot exchange, the four types of foreign exchange referred to in China's "Interim Regulations on Foreign Exchange Administration" are all spot foreign exchange, which can be immediately used as a means of payment for international settlement; Foreign exchange purchases, foreign exchange indicators that can be used by the state. If you want to exchange the index for spot exchange, you must use RMB to buy spot exchange from the designated bank within the target limit according to the exchange rate announced by the State Administration of Foreign Exchange.

2.According to the nature of **foreign exchange,** foreign exchange used for export and payment of imported goods and ancillary costs related to import and export, such as freight, insurance, samples, publicity, marketing costs, etc.; Non-foreign exchange, foreign exchange other than import and export, such as foreign exchange income and expenditure of overseas Chinese remittances, tourism, ports, civil aviation, insurance, banking, foreign contracted projects, etc.

3.In order to encourage the enthusiasm of enterprises to earn foreign exchange, after the foreign exchange earned by the enterprise is sold to the state, a certain proportion of the foreign exchange (referring to the quota) will be returned to the foreign exchange earning unit and its competent department or location for use in accordance with the provisions of the state; Adjustment of foreign exchange, mutual adjustment of foreign exchange through the foreign exchange adjustment center; Free foreign exchange, which is retained with the approval of the state and is accumulated by the enterprise itself; Operating foreign exchange, which can be used to offset expenses with income approved by the State Administration of Foreign Exchange; The one-time use of foreign exchange quota refers to the foreign exchange quota that has not been used up within the specified period and must be handed over when it expires, and the turnover foreign exchange quota can continue to be used after being used once; Resident foreign exchange and non-resident foreign exchange, foreign exchange earned by domestic organs, troops, groups, enterprises and institutions, as well as Chinese, foreign nationals and stateless persons living in China, belong to resident foreign exchange, diplomatic representations, consular offices and commercial institutions in China. However, at this time, the party who needs to speculate in foreign exchange has certain qualifications, and if there is an illegal operation of foreign exchange business or the act of buying and selling foreign exchange without permission, then it will definitely be determined that it is illegal, and then the legal responsibility of the perpetrator will be investigated.

1. Is foreign exchange investment legal?

First of all, it can be clearly told that speculating in foreign exchange is not illegal, and foreign exchange trading is a legal investment behavior in China. At present, although the domestic foreign exchange platforms are all foreign companies, as long as they are regulated and regular, then traders do not have to worry about whether they are legal. The state does not interfere in the personal investment behavior of citizens, and the trader chooses a foreign exchange account opened on a foreign platform, and the trading behavior also takes place abroad.

Once the legitimacy of foreign exchange is clear, then traders can rest assured to open an account to speculate on foreign exchange. However, traders should still be reminded that they must choose a formal and regulated foreign exchange platform to open an account, otherwise the safety of funds cannot be guaranteed.

No, but you can still go to the foreign exchange Tianyan** to check, this** can learn about the information of various foreign exchange trading platforms. You can unify to know and understand.