Absolutely!
First, we must first check whether the platform has strict supervision. Generally, platforms for gold (foreign exchange) are in Europe and the United States (such as the United States, the United Kingdom, Switzerland, etc.) or Hong Kong. In the United States, the regulatory agencies are CTFC and NFA. In the United Kingdom, it is the British Monetary Authority. In Hong Kong, spot gold ( London Gold) is the Hong Kong Gold and Silver Trade Center. These institutions are legal government agencies in the above-mentioned countries or regions and specialize in supervising the gold foreign exchange market. For example, our head office - Hong Kong Gaosheng Gold and Silver Co., Ltd. is a clerk of the Hong Kong Gold and Silver Trade Market, and the clerk number is 019#.
Second, it depends on what currency is used. We know that gold is priced in US dollars. If a company uses RMB to make London gold (spot gold margin), it must be illegal
Thirdly, you need to see where the funds are sent. You should know , this gold investment product is a new channel for overseas investment and financial management. London gold is not available in mainland China. It is generally a trading platform in Europe (such as Switzerland), the United States, the United Kingdom, and Hong Kong. The funds must be transferred overseas. , if any company allows you to access a domestic private account or a public account of any domestic company, there will be a problem
Fourth, under normal circumstances, whether you are doing foreign exchange or For gold, you must use the MT4.0 trading platform. For the MT4.0 trading platform used by regular gold companies, click About in the help column of the trading platform, and there will be a display. If there is no display, it is pirated software. Formal gold companies will not use pirated MT4.0 trading software (the formal MT4.0 trading software was designed by Russians, and the backends of world-class investment banks such as Danske Bank are all program software programmed by Russians. , the annual usage cost of MT4.0 is as high as two to three million US dollars, which is unaffordable for irregular companies)
Fifth, the most important thing to see whether a gold company is formal is to look at this Is the MT4.0 trading platform of a gold company stable when trading? Can it trade normally under violent and volatile market conditions? Will it often be unable to log in and will it often be unable to trade normally? In short, a formal trading platform is generally This situation will not occur under normal circumstances. If it does, it means that this gold company is suspected of gambling and may not be formal.
Sixth, if you are a computer expert, you can check where the server of this trading platform is through the transaction data of the trading platform (just like you can check where it is through the IP address). If you can find that the server is somewhere in mainland China, such as Shandong or Zhuhai, then 80% of this company is an irregular trading platform, because the trading platforms for gold and foreign exchange are all overseas, and the servers are also overseas. Probably somewhere in mainland China.
Seventh, I don’t know if you have noticed that some foreign exchange companies’ websites don’t even have domestic addresses...and no phone numbers...and no faxes...the better ones may have a certain manager. A mobile phone... This kind of company can be imagined.
Eighth, it is said that it helps you trade and guarantee annual income. This kind of organization is definitely irresponsible. Who would go to the bank to deposit money like this? No matter how good a trader is, he would not dare to say that he can make a sure profit without losing money in foreign exchange. Since it is speculation, you must be prepared to lose. If you can't afford to lose, don't play. Formal agency companies rarely provide agency trading services, but only provide technical guidance.