Investors must see, how to determine whether a foreign exchange platform is safe and reliable?

foreign exchangePlatform security is a clich é d topic. Investors who have been speculating in foreign exchange for many years must have experienced that the reports of illegal platforms collapsing and running away in the industry are mostly caused by the irregularity of the platform. To survive and successfully make money in the foreign exchange market, ensuring the stability and security of the platform is the foundation. Without this premise, the account profit figures and income are all floating clouds, and there will always be a day when you can't afford to go around. So, how should we judge the security of foreign exchange platforms?

First of all, let's look at regulation. It's true that as long as you are in the foreign exchange industry, it is widely recognized that only the supervision of the UK and the United States is the main focus when dealing with foreign exchange. The regulations and supervision of established financial institutions are very complete, and this is still reliable. As for other unknown third-party regulations, they lack authority and recognition, and their credibility can be imagined.

Known hereForeign exchange transactionsBroker——ATFXExperts suggest that investors, when choosing foreign exchange platforms, must choose to be influenced by the UKFCA, USANFAAustraliaASICForeign exchange platforms for regulatory purposes. Moreover, after assessing its regulatory qualifications, it is necessary to check the platform's regulatory number on the official website of the regulated institution to ensure that its regulatory number and business are true and there will be no instances where the regulatory number and business scope are not true to their name.


Secondly, platform fund supervision measures and deposit and withdrawal measures are also good ways to judge the legitimacy of the platform.ATFXExperts explain that regular foreign exchange platforms will deposit and trust funds in high-quality bank quarantine accounts. In terms of ensuring the safety of investors' funds, regular foreign exchange platform funds are supervised by regulatory banks, and investors' funds are isolated from platform operating funds to avoid misappropriation and abuse of funds.

As mentioned above, as a representative of a legitimate foreign exchange platform,ATFXForeign exchange platform holding UKFCAHighest level regulatory license（730KLicense plate), and according toFCAIt is required by the regulatory authority to deposit customer funds in the segregated account of Barclays Bank, a safe and top credit financial institution, completely separate from the company's working capital account, and take appropriate measures to combat money laundering, terrorist financing and financial crime, so as to ensure the maximum security of customer funds.

In addition, trading software, customer service, spreads, and leverage can all be used as criteria to determine whether a platform is legitimate or not. However, in general, investors only need to master the qualifications for platform supervision and the measures for fund supervision to complete the identification of platform legitimacy.