List of Chinese Forex Brokers
Is Forex Trading Legal in China?
Forex Trading in China is not regulated, i.e, Forex Brokers not supposed to collect the money or do dealing services such as trading behalf of a client. There are many debates which going in China is forex trading is legal or illegal but a truth is it's not regulated so there is no regulatory authority which governs forex brokers.
What is the regulated way to operate forex business in India?
Regulated Services such as – Customer Support (Voice & Non-Voice), Non-Trading Activities, Seminars and Webinars
Non-Regulated Services such as – money polling with assured returns, Ponzi schemes(monthly returns), Fund management, Dealing desk (behalf of client company will appoint a dealer to do trading after getting a confirmation from clients), Bank wire (within the now- regulated country forex brokers may collect money from client to the third party or their own bank account –its non-regulated)
How Forex Brokers run the business in China?
operating forex business in China is illegal however Some of them involve operating IBs, forex training seminars and affiliates who take all the legal risk, instead of the broker. As per source, major brokers operate from Hong Kong