ATFXForeign exchange knowledge: identification methods for whether foreign exchange platforms are legitimate and safe

In the previous article, we mentioned thatforeign exchangeThe selection of trading platforms. Trading is not afraid of inexperience, but afraid of scammer platforms. If it happens to happen, the outcome will be nothing. So, when making foreign exchange investments, it is crucial to ensure that the trading platform is legitimate and safe, and appropriate choices can ensure investment safety. So, what are the methods for identifying the legitimate security of foreign exchange platforms?

come fromATFXThe expert's answer is that with the current development of the internet, as long as investors are willing to pay attention, use their fingers to search the internet, or consult with professionals in the foreign exchange industry, it is easy to rule out illegal platforms. Only those who are greedy for high returns, double gifting, and recharging big prizes will be deceived if their greed is overwhelming. As for the methods for identifying the legitimate and secure nature of foreign exchange platforms, based onATFXThe experience of experts over the years can be roughly distinguished from the following points:

1Is there a formal regulatory agency in place for supervision. Formal regulatory agencies are the guarantee of formal and safe trading platforms. withATFXTake the platform as an example,ATFXholdFCA、CySEC、FSRAAuthoritative supervision from multiple parties, ensuring reliable and guaranteed supervision. Of course, if you are unable to confirm the authenticity of regulatory information, you can go to the official website of regulatory agencies to verify it on your own to avoid being deceived and entering the black platform.


2Whether the sliding point is normal, the difference between points, and the time of deposit and withdrawal. Sliding points are inevitable. Under normal circumstances, due to factors such as network delays and sudden major market trends, more than ten sliding points within the normal range are acceptable; But if the sliding point is as high as dozens of points, then be careful, there is a high possibility of platform fraud. In addition, the spread and time of deposit and withdrawal also indirectly reflect the true strength of a platform. If the spread is too large and the time of deposit and withdrawal is unstable and delayed, the probability of platform problems is high, and investors should be cautious.

3Real time quotation, comprehensive performance. Whether the real-time quotation of a trading platform is synchronized with the market price is also one of the methods to determine the legitimacy of the platform. regularForeign exchange transactionsThe platform does not allow for situations where there is a significant difference in quotes, so once there is an exception in the quote, there is a high possibility of illegal platforms due to prolonged server disconnections and frequent platform maintenance.

4Information services and account opening banks. Regular foreign exchange trading platforms have their own professional teams to provide daily technical analysis. At the same time, whether the opening bank of the platform is a genuine official account, and whether the remittance recipient is an individual or an institution can all be used as a basis for determining whether the platform is legitimate or not.

Based on the above content, it should be more than enough for investors to judge whether the platform is legitimate or not. last,ATFXExperts remind users that the selection of trading platforms is directly related to investment safety and return protection. It is a mandatory course for every investor to choose carefully and ensure trading safety before entering the market. I look forward to every investor choosing a platform that suits their preferences and successfully becoming a gold digger in the foreign exchange market.