4 thoughts on “Is MT4 foreign exchange transaction legal in China?”
Candice
MT4 foreign exchange transactions are illegal in China. 1. At present, the People's Bank of China, the China Banking Regulatory Commission, the CSRC, the State Administration of Foreign Exchange, and its branches have not approved any institution to carry out or act as an agency to carry out foreign exchange business, China's deposit business, and unauthorized institutions to conduct foreign exchange deposits without authorization. Transactions are illegal acts; 2, customers (units or individuals) commissioned unruly institutions to conduct foreign exchange deposits transactions (whether foreign currency or RMB as margin) is also illegal. The trading market 1. Foreign exchange transactions refer to foreign exchange transactions that buy another currency in a pair of currency portfolios and sell another currency. Various currencies in the international market fluctuate frequently, and currency -to -form transactions, such as euro/USD or USD/yen. 2. The main advantage of the foreign exchange trading market is its high degree of transparency. Due to the huge transaction volume, the main funds (such as government foreign exchange reserves, cross -border financial exchange exchange, foreign exchange speculators' fund operations, etc.) have the ability to influence market exchange rate changes. Very limited. On the other hand, from the fundamental analysis of exchange rate fluctuations, it is usually important data released by governments (such as GDP and GNP central bank interest rates), the speech of senior government officials, or international organizations (such as such as GDP and GNP central banks European Central Bank) Published news. 3, the futures trading of the futures, there is no specific location for the foreign exchange trading market, there is no central exchange, and all transactions are performed through the network between banks. Any financial institutions, governments or individuals in the world can participate in transactions at any time 24 hours a day. The foreign exchange market operates continuously 24 hours a day, rising and down, and never stops. Its trend is like the day and night conversion on the earth, and it is repeated. Corresponding to this, the market trend of the exchange rate is divided into four stages: bottom, ascending, head -building, and falling. 4, foreign exchange, English name is Foreign Currency, which is a monetary administrative authorities (central banks, monetary management agencies, foreign exchange level funds, and the Ministry of Finance) in the form of bank deposits, Ministry of Finance, long -term government securities, etc. Credit claims that can be used in international revenue and expenditures. Including foreign currency, foreign currency deposits, foreign currency securities (government bonds, treasury bonds, corporate bonds, stocks, etc.), foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.).
Illegal, in accordance with the "Notice on Strictly Investigation and punishment of illegal foreign exchange futures and foreign exchange gold trading activities" (Securities Supervision [1994] No. 165), and September 14, 2018 The "Prevention of Foreign Exchange Risks to Prevent of Property Losses" jointly released by the State Administration of Foreign Exchange. At present, the People's Bank of China, the Bank of China Insurance Supervision and Administration Commission, the China Securities Regulatory Commission, the State Foreign Exchange Administration and its branch have not approved any institution in any institution in The foreign exchange and gold business is carried out in China. Anyone who has unauthorized institutions to conduct foreign exchange -based gold transactions is illegal; customers (units and individuals) entrust the unprepared institution to conduct foreign exchange gold transactions (whether foreign currency or RMB as margin), which is also illegal. Behavior. If the public discovers the clues of illegal crimes that use the platform for fraud, it is recommended to report it to the relevant departments of the company's registration.
Pay content for time limit to check for freenAnswer legalnForeign exchange is a normal way for international trade. Legal basis: Article 3 of the "Regulations on the Management of Foreign Exchange of the People's Republic of China" referred to the foreign exchange referred to in these regulations, referring to the following foreign currency that can be used as a payment method and assets that can be used for international settlement: (1) foreign currency cash, including banknotes and coins; (2) Foreign currency payment vouchers or payment tools, including bills, bank deposits vouchers, bank cards, etc.; (3) foreign currency securities, including bonds, stocks, etc.; (4) special withdrawal rights; (5) other foreign exchange assets. Article 4 Domestic institutions, domestic personal exchange and expenditure or foreign exchange business activities, as well as foreign exchange income and expenditure or foreign exchange business activities of overseas institutions and overseas individuals, these regulations are applicable. Article 5 The state does not restrict regular international payment and transfer. Article 6 The state's implementation of the statistical application system for international revenue and expenditure. The foreign exchange management department of the State Council shall statistics and monitoring international revenue and expenditure, and regularly announce the status of international revenue and expenditure.nHope to help youn1 morenBleak
China is currently not fully opened to foreign exchange, so there is no regular foreign exchange platform at present, and domestic customers are now traded as a foreign platform.
MT4 foreign exchange transactions are illegal in China.
1. At present, the People's Bank of China, the China Banking Regulatory Commission, the CSRC, the State Administration of Foreign Exchange, and its branches have not approved any institution to carry out or act as an agency to carry out foreign exchange business, China's deposit business, and unauthorized institutions to conduct foreign exchange deposits without authorization. Transactions are illegal acts;
2, customers (units or individuals) commissioned unruly institutions to conduct foreign exchange deposits transactions (whether foreign currency or RMB as margin) is also illegal.
The trading market
1. Foreign exchange transactions refer to foreign exchange transactions that buy another currency in a pair of currency portfolios and sell another currency. Various currencies in the international market fluctuate frequently, and currency -to -form transactions, such as euro/USD or USD/yen.
2. The main advantage of the foreign exchange trading market is its high degree of transparency. Due to the huge transaction volume, the main funds (such as government foreign exchange reserves, cross -border financial exchange exchange, foreign exchange speculators' fund operations, etc.) have the ability to influence market exchange rate changes. Very limited. On the other hand, from the fundamental analysis of exchange rate fluctuations, it is usually important data released by governments (such as GDP and GNP central bank interest rates), the speech of senior government officials, or international organizations (such as such as GDP and GNP central banks European Central Bank) Published news.
3, the futures trading of the futures, there is no specific location for the foreign exchange trading market, there is no central exchange, and all transactions are performed through the network between banks. Any financial institutions, governments or individuals in the world can participate in transactions at any time 24 hours a day. The foreign exchange market operates continuously 24 hours a day, rising and down, and never stops. Its trend is like the day and night conversion on the earth, and it is repeated. Corresponding to this, the market trend of the exchange rate is divided into four stages: bottom, ascending, head -building, and falling.
4, foreign exchange, English name is Foreign Currency, which is a monetary administrative authorities (central banks, monetary management agencies, foreign exchange level funds, and the Ministry of Finance) in the form of bank deposits, Ministry of Finance, long -term government securities, etc. Credit claims that can be used in international revenue and expenditures. Including foreign currency, foreign currency deposits, foreign currency securities (government bonds, treasury bonds, corporate bonds, stocks, etc.), foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.).
Illegal, in accordance with the "Notice on Strictly Investigation and punishment of illegal foreign exchange futures and foreign exchange gold trading activities" (Securities Supervision [1994] No. 165), and September 14, 2018 The "Prevention of Foreign Exchange Risks to Prevent of Property Losses" jointly released by the State Administration of Foreign Exchange. At present, the People's Bank of China, the Bank of China Insurance Supervision and Administration Commission, the China Securities Regulatory Commission, the State Foreign Exchange Administration and its branch have not approved any institution in any institution in The foreign exchange and gold business is carried out in China. Anyone who has unauthorized institutions to conduct foreign exchange -based gold transactions is illegal; customers (units and individuals) entrust the unprepared institution to conduct foreign exchange gold transactions (whether foreign currency or RMB as margin), which is also illegal. Behavior. If the public discovers the clues of illegal crimes that use the platform for fraud, it is recommended to report it to the relevant departments of the company's registration.
Pay content for time limit to check for freenAnswer legalnForeign exchange is a normal way for international trade. Legal basis: Article 3 of the "Regulations on the Management of Foreign Exchange of the People's Republic of China" referred to the foreign exchange referred to in these regulations, referring to the following foreign currency that can be used as a payment method and assets that can be used for international settlement: (1) foreign currency cash, including banknotes and coins; (2) Foreign currency payment vouchers or payment tools, including bills, bank deposits vouchers, bank cards, etc.; (3) foreign currency securities, including bonds, stocks, etc.; (4) special withdrawal rights; (5) other foreign exchange assets. Article 4 Domestic institutions, domestic personal exchange and expenditure or foreign exchange business activities, as well as foreign exchange income and expenditure or foreign exchange business activities of overseas institutions and overseas individuals, these regulations are applicable. Article 5 The state does not restrict regular international payment and transfer. Article 6 The state's implementation of the statistical application system for international revenue and expenditure. The foreign exchange management department of the State Council shall statistics and monitoring international revenue and expenditure, and regularly announce the status of international revenue and expenditure.nHope to help youn1 morenBleak
China is currently not fully opened to foreign exchange, so there is no regular foreign exchange platform at present, and domestic customers are now traded as a foreign platform.