A very detailed insight into the methods by which Chinese investors pay for services, invest in markets and the general dynamic of how the Yuan is an instrument which is traded via electronic means that are so advanced that an entire ecosystem exists around it that differs from every other currency and every other market
Are brokers allowed to transfer money in and out of China for the purposes of funding FX trading accounts? Who knows? ….. and why take the risk? We examine the current situation
An industry report by East and Partners shows that the top non-bank provider of foreign currency to British firms last year was Western Union, followed by Monex, CMC Markets, IG Markets, Saxo Bank and American Express.
The new rules stipulate that customers of firms that need to send money abroad must give reasons for doing so, including having to pledge to the government that any money sent abroad won’t be used for securities including online trading
By Kier Yorke, Director of Financial Sales Services at SinusIridum Well, it happened again. China’s stock market plunged, sending more than…