Which platform should novices choose to do foreign exchange?

Updated on Financial 2024-08-09
5 answers
  1. Anonymous users2024-02-15

    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.

  2. Anonymous users2024-02-14

    Exness is the best forex broker I have ever seen, he doesn't just overwhelm the publicity like other forex brokers, he just pays silently, keeps working hard, pursues excellence, and uses their results to tell the world loudly that I can.

    For any forex broker, the evaluation of its work is a top priority. The popularity of the company largely depends on the evaluation of well-known experts and ordinary traders in the field of Forex. Expert assessments by world-recognized authorities in the industry, including the following:

    Major Internet publications, rating agencies, and financial magazines. Exness has successfully received prestigious nominations for a number of different international awards.

  3. Anonymous users2024-02-13

    It is best for novices to do foreign exchange to simulate the operation first, AETOS has a demo contest in mid-November, you can go and take a look.

    AETOS is a formal mainstream foreign exchange platform regulated by ASIC in Australia, and it can also trade more than 50 products such as ***, **, etc.

  4. Anonymous users2024-02-12

    Novices choose the platform, formal security first. Novices do not have enough understanding of the market, and it is easy to fall into the trap of the black platform if they are not careful, and it is difficult to guarantee the safety of funds. Therefore, novices choose the platform with the authority of the platform as the first priority, and choose a formal foreign exchange platform to first choose a formal financial regulator to supervise, and then to see the deposit speed, as well as the product and the service situation.

    Out of all the platforms on the market, ATFX is a good choice. Not only because it is the sixth big brand in the world, but also because it holds an authoritative license for supervising and managing infrastructure, such as the FCA license. Its spreads are also low, deposits and withdrawals are fast, basically one day can be received, and the customer service response speed is also fast.

    If you don't understand, you can ask, I wish you all the best in your work.

  5. Anonymous users2024-02-11

    It is recommended to understand the specific information about the forex platform on WikiFX

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