The problem of foreign exchange frozen card has always been a problem that investors are more concerned about, and the following will tell you about this problem.
First of all, let's take a look at the reasons for the freezing of bank cards on the platform.
1. Violation of market regulations, if investors violate the regulatory provisions of foreign exchange trading, such as using unauthorized funds to trade, engaging in fraud, market manipulation, etc., then your funds are likely to be frozen, including your trading account.
Second, frequent deposit and withdrawal operations, many investors habitually make money on the withdrawal, and then lose money to make up the position, so it is easy to lead to frequent deposits and withdrawals, frequent money exchanges with strangers, your bank card was not used much, suddenly the recent flow has become larger, then in the eyes of the bank, you will become suspicious, in order to combat telecommunications fraud, will temporarily freeze your bank card, to prevent illegal acts. This triggers the banking supervision mechanism and causes the bank card to be frozen.
3. The platform deliberately gives you black money, which is also a means often used by many small platforms, that is, you trade on their platform, and after making money, the platform will deliberately give you a black money, resulting in your account being frozen.
Fourth, anti-money laundering, if the bank detects that you are suspected of money laundering, it will directly freeze your bank card, under normal circumstances, if you deposit funds without operating direct withdrawal, and frequent withdrawals, your bank card will be frozen.
The above are several common reasons why foreign exchange withdrawals are frozen, and there is a risk of being frozen no matter which platform you are on, but the risk of freezing cards on large platforms is a little smaller. The probability of freezing cards on first-class platforms such as Jiasheng and FXCM is very small.