According to the Risk Warning Letter on Internet-related Foreign Exchange Business, it is clearly pointed out: "It is illegal to set up an online foreign exchange speculation platform, which has never been approved by the financial supervision department and is not protected by law."

It is illegal for domestic and foreign institutions to engage in foreign exchange and other product transactions (including cross-border) through various network platforms such as internet sites, mobile communication terminals and application software without the approval of China's financial regulatory authorities.

Extended data:

The financial supervision department found that unauthorized online foreign exchange margin trading and other activities in the society are increasingly rampant, with great risks, and even some companies are suspected of engaging in illegal fund-raising fraud through the Internet in the name of foreign exchange administrative license.

As mentioned above, Haifubao Ye Hui Marketing Planning Co., Ltd. publicly and falsely publicized the licensed items in the List of Foreign Exchange Receipts and Payments of Goods Trade as a legal "foreign exchange trading financial platform" on its website, which seriously misled investors into entering the market.

People's Daily Online-None of the online guesses are legal.