Is foreign exchange trading legal?

As the largest financial market in the world, the foreign exchange market is increasingly favored by domestic investors. However, due to the imperfection of domestic laws and regulations, illegal events in the process of foreign exchange trading emerge one after another, which has also become a hidden worry in the hearts of foreign exchange lovers.

So is foreign exchange trading legal in China?

Generally speaking, foreign exchange trading refers to foreign exchange margin trading. Although China does not open foreign exchange trading at present, it does not prohibit Hong Kong and foreign countries from entering domestic foreign exchange platforms, so it is not illegal to conduct foreign exchange margin trading through overseas platforms in theory. However, the huge profits in the foreign exchange industry have spawned many illegal platforms, and the employees of these black platforms are often jointly and severally liable under strict supervision.

Although the state does not object to foreign exchange transactions by investors, it has not promulgated any laws to protect the rights and interests of foreign exchange traders. Investors need to be vigilant in the transaction process to prevent being cheated.