With the development of the foreign exchange market, there are more and more foreign exchange black platforms, as can be seen from the black platform ranking of the Foreign exchange Tianye APP alone. Generally, they will package themselves, packaging themselves as a foreign exchange platform with a reasonable coat to defraud you who want to invest and finance. Once you are fooled by its appearance and cheated, resulting in loss of personal funds, when the black platform runs away, it is too late to cry. So how can we avoid being trapped? What are the types of black platforms?
The following is a summary of the current black platform types in the market, investors must stay away!
The first: fake platform
The second type: pyramid selling platform
The third kind: high interest platform
Fourth: Unauthorized platforms
Fifth: Unregulated platform
The sixth kind: set of card platform
Seventh: Weak regulatory platform
The first: fake platform
Such black platforms usually pretend to be legitimate foreign exchange brokers and attract investors to invest and participate in foreign exchange trading through fake websites, promotional materials, customer services and other means, but in fact, they do not have legal regulatory qualifications and cannot provide legal foreign exchange trading services. Then they will give you a pirated version of MT4/5 software that they set up, and once you download it, you will 100% lose money to them.
Authentication method: is to view the MT4/5 installation package properties, if there is no digital signature, then it is a black platform.
The second type: pyramid selling platform
Such black platforms usually adopt pyramid schemes or chain development methods, and promise high returns to investors through multi-level promotion models, requiring investors to pay a certain entry fee or purchase products, and then obtain commissions or returns through the development of offline members, rather than real foreign exchange trading.
How to identify: If there is a platform that offers advantages at the beginning or entices you in various ways to recruit people, be careful.
The third kind: high interest platform
Such black platforms usually promise high fixed or floating returns, attract investors to participate in foreign exchange investment, and promise to guarantee capital and interest or low risk and high returns, but in fact often involve high-risk trading strategies or illegal operations, there are potential investment risks.
Identification method: Once there is a platform that claims a high rate of return and low risk, it is necessary to be careful if the return is high, so as not to be brainwashed.
Fourth: Unauthorized platforms
This kind of foreign exchange platform has the supervision number of a formal regulator, which seems normal. However, in fact, they only bought a registered seat and did not have the right to trade forex.
Identification method: You need to log in to the official website of the corresponding regulatory agency, and carefully check whether there is a foreign exchange trading authority in the scope of business.
Fifth: Unregulated platform
Such platforms simply do not provide regulatory information, do not even fake supervision, and directly are all kinds of deceptive marketing to let you get caught. Now there are not many such platforms, if a platform can not find regulatory information, then most of it belongs to this, we must not participate.
The sixth kind: set of card platform
Some foreign formal platforms, in fact, do not carry out business in China, but those black platforms, they pretend to be the offices of these formal foreign exchange platforms in China, and the regulatory numbers provided are the regulatory numbers of fraudulent compliance platforms, which is pure leather, but ordinary investors, it is really difficult to distinguish.
Identification method: You need to log in to the official website of the corresponding regulatory agency, to check its regulatory number, to see whether the website registered in the regulatory information of the platform is not the official website that you know about the platform, if it is inconsistent, then we can basically determine the platform as a black platform.
Seventh: Weak regulatory platform
They know that some people only look at the monitoring and selection of platforms, so they have applied for a number of dual control licences that are virtually non-existent.
Identification: Like this, it is necessary to take a good look at which regulator it is, if it is the kind of small supervision that can be bought with money, and there is no supervision, you do not need to look at it, and the risk is extremely high. Like the iron Hui and ACFX that ran away in previous years, they all belong to the regular Cyprus supervision. However, the effectiveness of this Cypriot supervision is really limited, and it will run away and find nothing. Regulators are not going to do anything to help investors, so just look to the big, formal regulators.
In short, these foreign exchange black platforms usually do not have legal regulatory qualifications, there is a high investment risk, investors should be vigilant, choose a legal and reliable foreign exchange trading platform for investment. When making foreign exchange investments, you should also follow the principles of legal compliance, carefully assess risks, and avoid participating in any form of illegal foreign exchange transactions.
