How to choose a regular forex trading platform

The way to understand the forex platform is simple and can be searched on WikiFX. At present, there is the most comprehensive collection of foreign exchange trading platforms in this institution, and the information is from the inside, which can be trusted.

First of all, it should be clear that except for banks, there are no formally authorized foreign exchange platforms in China, so some platforms that claim to be domestic should not believe in any guaranteed profits and guaranteed returns.

Here are a few things to know before choosing a forex platform:

1. Regulatory conditions - to ensure the formal standards of the platform.

This is the most important and effective way. There is no formal supervision of the foreign exchange trading platform, there is almost no security at all, so to judge whether a platform is safe and credible, it is necessary to look at the supervision, not only to see whether the regulatory authority is authoritative, but also to see whether there is a regulatory number.

2. Separation of funds - the standard to ensure the safety of funds.

The separation of funds means that the user's funds and the operating funds of the foreign exchange platform need to be stored separately, and under the specifications of the regulatory authorities, the formal foreign exchange platform will provide traders with segregated accounts.

3. Trading software - the standard to ensure the security of transactions.

At present, there are many kinds of trading software in the foreign exchange market, and only formal and stable trading software can ensure the safety of trading, so be careful of those platforms that are privately built or not formal enough trading software, because this kind of software will occur in various unstable situations in the transaction process, and it is impossible to conduct quality transactions at all.

4. Customer complaints.

A supervised platform is not necessarily 100% safe, pay attention to its customer complaints, too many customer complaints, explain many problems, and it is not recommended to choose.

There are many foreign exchange platforms, and when choosing, you must pay attention to choosing a large platform as much as possible, which is relatively safer.

1.The most important thing to pay attention to is the safety of funds, which is directly the reputation and personal protection of the trader. Because the domestic foreign exchange margin is not guaranteed, the credibility of the dealer has become a very important part.

At the same time, it is necessary to check the strength and net assets of the platform provider to avoid the collapse of the platform provider's capital tightening, which also directly threatens the safety of your funds.

2.Check what agency it belongs to and find out if their brokers are subject to strict supervision, and you can clean up a large number of black platforms and ** companies advertised online. Regular brokers will provide you with the broker's regulatory number.

3.See if these ** companies add spreads and commissions to you, many of these companies add to customers, so that the customer's transaction costs greatly increase, as long as you place an order, whether it is profitable or not, they are exploiting your funds. On the contrary, a good ** business is regular, and he will help you in all aspects of operation and trading after you open an account, such as strategies, analysis reports, etc.

4.After checking the reliability and security of the platform, it is time to check the practicability and stability of the platform. What you need to pay attention to are the stability of the platform's connection, ease of use, speed of placing and closing orders, whether there is slippage, commitment to gaps, lag, indicators, charts.

It can be said that different foreign exchange platforms have their own strengths and weaknesses, which requires you to choose the platform according to your own assets and investment style, do not follow the trend, safe and suitable for yourself is the best.

When choosing a foreign exchange platform, first look at the regulatory qualifications, which is the most important, and don't consider those who don't have regulatory qualifications. Secondly, it depends on the customer complaint situation of the platform, the speed of problem processing, etc.

Try to choose a large platform with a large number of users.

The choice of foreign exchange trading platform must first look at the regulatory qualifications of the platform, such as the British FCA, the United States NFA, the Australian ASIC, etc., these are relatively strict regulatory agencies, and the platform without regulatory qualifications must not be touched.

Secondly, it depends on the customer complaints of the platform, there is supervision is not necessarily 100% safe, if there are serious or more customer complaints, it is not recommended to choose.

Before choosing a platform, check the establishment period of the platform, and then look at the supervision of the platform.

In fact, this kind of trading platform is still very easy to choose, find some professional supervision agencies to understand the information about the exchange platform after the better choice, I am through the foreign exchange Wiki query, there is quite a lot of information on it.