Legal?
The answer is legal.
Only legitimate investment can achieve rapid development.
For example, when you go to the United States and trade with an American company, of course it’s legal.
At present, China’s foreign exchange companies are all foreign companies.
As long as they are regulated, formal platforms, they are legal because the government does not interfere with citizens’ personal investments and the transactions do not take place within China.
The role of a domestic foreign exchange company is to keep you from going abroad, but it cannot be a legitimate company if your money is not sent abroad.
Because each one must be strictly monitored by international financial regulators.
Therefore, choosing a formal and regulated investment platform will greatly protect investors from unnecessary losses of their money.
At present, there are two main channels for Chinese investors to invest: one is the firm offer of foreign exchange opened by domestic banks; the other is the direct opening of accounts through domestic agents of foreign dealers to carry out foreign exchange margin business.
Due to a number of factors, such as the large volume of foreign exchange holdings (understood as high trading costs) and the lack of leverage, the average return is hardly satisfactory, apart from sharp fluctuations.
The forex margin business is popular with many investors because it can be traded in both directions, long or short, and because of its leverage ratio, it can be small and large.
The business opened in the mature foreign exchange market basically exists in the form of foreign exchange margin, rather than in the form of foreign exchange.
The main reason domestic financial institutions have not started margin trading is that they are not ready for it.
At present, the foreign exchange margin business is not fully opened in China, but the state does not intervene in citizens’ overseas investment.
The dollar rose, gold fell sharply after hitting 1,820, and oil rose for a fifth straight day.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
