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Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management

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In the two-way foreign exchange trading market, for novice traders entering the industry, the setbacks and hardships experienced in the early stages of trading are not negative experiences, but rather valuable assets that can contribute to their long-term growth.

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From the underlying logic of investment psychology, combined with the universal characteristics and inherent weaknesses of human nature, the more difficulties and challenges an individual experiences in the early stages of growth, the stronger their psychological resilience will be when facing various pressures and shocks later on. Of course, it is undeniable that some individuals who grow up in adversity may have more aggressive ways of expressing their emotions, and in extreme cases, may resort to violence to solve problems. However, statistically speaking, this group rarely falls into the abyss of excessive anxiety and pessimism, and even less likely to resort to extreme measures such as suicide. In contrast, many of those who choose to end their lives due to investment losses or life setbacks have often lived in relatively smooth circumstances during their growth, especially maintaining excellent academic performance. This long-term, single-minded learning trajectory leaves them lacking the fundamental ability to cope with setbacks. For families with children, especially those with boys, allowing children to experience appropriate difficulties during their growth is crucial. The emergence of many rebellious children is essentially directly related to excessive pampering and indulgence during their formative years.
Returning to the foreign exchange two-way trading market itself, losses during trading are a very common market phenomenon. However, in reality, there are extreme cases where some investors choose to end their lives due to losses of millions of dollars. This phenomenon fully highlights the important value of investment trading psychology in the industry; its importance can even save investors' lives at critical moments. It should be noted that this type of extreme psychological crisis caused by investment losses is often highly concealed and difficult for outsiders to detect in time, further demonstrating the necessity of building strong trading psychology.
Looking back at my own foreign exchange investment journey, before entering the foreign exchange trading market, I had already accumulated millions of dollars in assets. This prerequisite laid an important financial foundation for subsequent investment operations and also gave me the basic understanding and perspective of a large-scale investor. It was precisely because of my previous experience of earning substantial profits and handling large sums of money that I had the confidence to withstand the short-term pain of investment losses later on.
In fact, before venturing into foreign exchange investment, I had been running a foreign trade factory for a long time. Before 2008, domestic foreign exchange access policies had not yet been tightened. At that time, the bank accounts of my offshore company could freely receive various foreign currencies such as US dollars, Euros, and British pounds, and I could also conveniently transfer the corresponding foreign exchange funds to the personal foreign exchange accounts of my suppliers. This policy advantage allowed my foreign trade factory to develop rapidly before 2008, and its business was thriving. It's worth mentioning that the millions of dollars accumulated during this period were all net profits, because before starting the foreign trade factory business, I had already purchased large properties when the real estate market was at a low point, thanks to my high salary as a senior professional manager. This laid a solid foundation for subsequent investment strategies.
Even with a solid asset base, after investing the millions of dollars accumulated from the foreign trade factory into the foreign exchange market, I still experienced a period of significant ups and downs in trading. Initially, I bet on the appreciation of the Euro against the US dollar to the 1.6 range. This trading strategy brought me several times the return on investment, but subsequent market black swan events completely reversed the trading situation. First, the outbreak of the Dubai debt crisis directly led to a significant reduction in the foreign exchange investment gains accumulated earlier; then, based on the 1.2 exchange rate red line policy set by the Swiss National Bank for the Euro against the Swiss franc, I continued to maintain my trading judgment that the Euro would appreciate, but encountered a black swan event of a sudden change in the Swiss franc exchange rate policy. This shock further reduced the overall investment amount, and as of the time of writing in 2025, the Euro-US dollar exchange rate has still not recovered to the key level of 1.2. After experiencing the aforementioned losses, I turned my attention to the commodities market. When international oil prices fell below $10 per barrel, relying on industry intuition and market common sense, I judged this to be a rare opportunity for wealth creation and aggressively built positions betting on a rebound in oil prices. However, subsequent oil prices plummeted to an extreme low of -$37 per barrel, directly leading to the forced liquidation of my oil trading positions and resulting in another significant loss.
Although the investment gains accumulated earlier were almost completely wiped out during multiple market shocks, thanks to the strong foundation of my initial capital, the core principal remained largely intact. Even so, ten years of investment operations ultimately ended in "a wasted effort," which left me feeling disheartened. I not only closed my trading accounts on dozens of different forex platforms worldwide but also remained in a state of depression and despondency for several years, even experiencing negative feelings of a lack of purpose in life. However, even at the lowest point emotionally, I never contemplated suicide. The core reason was that even after suffering significant investment losses, I still retained several million dollars in core capital, providing a foundation for a comeback.
The fundamental reason I was able to maintain my composure and avoid extreme emotions stemmed from my childhood experiences. I grew up in poverty and was frequently kept after school by teachers for failing to pay the 70-cent tuition fee. This experience of material deprivation and humiliation not only became the driving force behind my relentless pursuit of wealth but also instilled in me a fundamental understanding of "starting from scratch." This psychological state is very similar to Rockefeller's lifelong dedication to accumulating wealth. His childhood experience of being singled out by a teacher during a graduation photo shoot due to his family's poverty became a core driving force throughout his life.
Ultimately, I started from nothing. Since all my wealth and achievements were earned through hard work, I wouldn't be afraid of losing everything due to temporary investment failures. This is the core logic behind my ability to maintain my psychological resilience after several significant losses.

A joint investment trading account is the safest method, bar none. Even in the event of unforeseen circumstances, at least family members or joint account holders will know where the funds are, preventing unscrupulous brokers from misappropriating them.

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Under the "two-way trading" mechanism of retail forex margin trading in Hong Kong, the access rules for joint accounts can be summarized as a three-tiered progression: "identity first, then entity, then operation."
The first level of identity verification is only open to natural persons who are at least eighteen years old and have full legal capacity. Even if minors have actual trading needs, they can only hold accounts indirectly through a guardian's independent custody account and cannot be registered as co-holders in the contract.
The second level of entity review excludes legal entities from the "joint account" concept. Companies, trusts, funds, or other institutions that require multiple people to operate must apply for a separate institutional account and submit additional documents such as registration certificates, board resolutions, power of attorney, and ultimate beneficial owner declarations. A scheme involving a mix of individuals and legal entities in a joint account is not feasible under the current compliance framework.
The third level of compliance background screening is driven by the Hong Kong Monetary Authority (HKMA)'s Anti-Money Laundering and Counter-Terrorist Financing Ordinance. If an applicant appears on the United Nations, EU, US OFAC, or Hong Kong court sanctions lists, or has been recorded in databases of financial violations, credit defaults, or suspicious transaction reports (STRs) by regulatory agencies, the broker can directly refuse to open an account during the KYC stage without providing specific reasons.
In addition to the above hard thresholds for identity and qualifications, the daily governance structure of joint accounts is also subject to dual constraints of "number limits" and "signature rules." Most licensed platforms limit the number of joint account holders to two to four people, with some only accepting two joint holders.
They also require all account holders to pre-select either "single signature required to access funds" or "joint signatures required for transactions" in the account opening agreement, and register this agreement with the bank-level custody system to avoid future disputes over joint liability triggered by fund transfers or forced liquidation. In other words, a joint account is not simply "multiple people sharing one key," but rather requires a clear division of rights, obligations, and responsibilities among all parties during the account opening process. Otherwise, even if the identities are compliant, the application may still be rejected by the compliance department due to ambiguous operating permissions.

Jointly managed accounts with three or more participants are not only a perfect alternative to the traditional MAM and PAMM asset management models, but also a comprehensive iteration and upgrade.

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The MAM and PAMM models previously dominated the market due to their characteristics of segregated account management and unified trading operations. However, with increasingly stringent global financial regulations and investors' growing demand for control over their assets, both models have gradually revealed shortcomings such as unbalanced permissions, lack of transparency in fees, and high compliance risks. Multi-party joint accounts, on the other hand, rely on a co-ownership and co-management structure, consolidating investment decision-making power and asset ownership to all participating parties. This achieves a collective fund operation effect similar to MAM/PAMM, while the mutual checks and balances among the joint account holders ensure prudent trading decisions and fund security. At the same time, the simpler account structure meets the KYC and anti-money laundering requirements of cross-border regulation, becoming a core vehicle for driving innovation in asset management models for small and medium-sized joint investment groups.
In the context of two-way foreign exchange trading, with the gradual upgrading of industry demands and the optimization of brokerage service capabilities, most licensed foreign exchange brokerage platforms have adjusted the number of participants allowed in their jointly held accounts, expanding the maximum number of foreign exchange traders who can participate in joint investments to four. This adjustment breaks the limitations of traditional joint accounts regarding the number of participants, effectively adapting to the actual needs of small teams conducting foreign exchange investment and trading. It establishes a compliant channel for investors with different resource advantages to collaborate in trading, effectively solving the industry pain point that small investment teams previously faced in achieving joint trading through regular account models.
From the perspective of the development history of foreign exchange asset management mechanisms, the previously widely used MAM (Multi-Account Management) and PAMM (Percentage Allocation Management) mechanisms, which were primarily operated by professional foreign exchange investment managers, possessed certain risk control advantages at the fund custody level. They strictly adhered to the principle of not directly holding client funds, thus fundamentally avoiding malicious financial risks such as Ponzi schemes that are prone to occurring in the traditional fund management industry. However, these mechanisms also had numerous inherent flaws and operational drawbacks that were difficult to avoid. In practice, these mechanisms indirectly transferred a large amount of market monitoring and risk management responsibilities to financial regulatory authorities. Due to considerations of overall financial market risk control costs and the need to control high and continuous operating expenses, regulatory agencies ultimately adopted comprehensive measures to halt these mechanisms. While this "one-size-fits-all" decision terminated these asset management models that once possessed specific advantages, it also created space for the development of new investment collaboration mechanisms.
After the MAM and PAMM mechanisms were withdrawn from mainstream applications due to regulatory restrictions, joint investment accounts with four or more participants demonstrated strong complementarity through their unique operational logic. They not only effectively compensated for the various shortcomings and drawbacks of traditional asset management models but also built a more flexible investment collaboration system. This account model can attract a group of like-minded investors of different types to form a joint investment entity, achieving precise resource integration and division of labor within the account. Specifically, participants with sufficient capital reserves can assume the responsibility of providing funds to the account, investors with professional foreign exchange trading skills can lead the actual trading operations of the account, and practitioners with rich market analysis experience can provide professional support at the decision-making level. Simultaneously, relying on the exclusive risk control mechanism of the joint account, no single account holder has the authority to withdraw funds from the account independently. This design provides a strong protective barrier for account fund security at the operational level, further enhancing the market acceptance of this model.
From the perspective of industry development, multi-person joint investment accounts are considered a highly adaptable and high-quality foreign exchange investment mechanism in the era of artificial intelligence. They can accommodate the integration needs of intelligent trading systems and mitigate the limitations of single-entity decision-making through multi-person collaboration. Of course, any emerging financial mechanism will inevitably give rise to new flaws and operational problems during its promotion and implementation phases. Issues such as decision-making disagreements in collaborative processes and disputes over profit distribution mechanisms may arise. However, considering the iterative nature of financial markets and the continuous improvement of industry regulatory systems, these newly emerging industry challenges can be gradually resolved through optimizing account agreement terms, establishing professional mediation mechanisms, and upgrading risk control management systems. Its future optimization potential and market application prospects remain very promising.

Explanation of Key Regulatory Points for Hong Kong Forex Brokers' Margin Trading in Mainland China in 2019.

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In the context of two-way forex trading, Hong Kong forex brokers conducting forex margin trading business in the Chinese mainland market must strictly adhere to regulatory compliance requirements. The core compliance red line is that they must not engage in any forex margin trading activities that have not been approved by the relevant regulatory authorities. The key starting point for defining this compliance requirement is June 17, 2019.
On June 17, 2019, the Hong Kong Securities and Futures Commission (hereinafter referred to as the "Hong Kong SFC") officially issued a special regulatory circular. This circular clearly issued a regulatory warning to all licensed corporations within its jurisdiction, clearly defining the prohibitive requirements for two types of violations: firstly, licensed corporations are strictly prohibited from directly conducting unapproved forex margin trading business within mainland China; secondly, licensed corporations are prohibited from assisting mainland Chinese investors in participating in such unapproved forex margin trading activities in any form. The issuance of this special circular not only marks a clear statement from Hong Kong regulatory authorities on the regulation of cross-border foreign exchange margin trading business, but also serves as a crucial regulatory starting point for subsequent restrictions on Hong Kong foreign exchange brokers providing related non-compliant foreign exchange services to mainland Chinese citizens, laying the core foundation for subsequent compliance regulation of cross-border foreign exchange transactions.
From the perspective of regulatory evolution, since the issuance of the special circular on June 17, 2019, relevant regulatory requirements in the domestic and international foreign exchange markets have shown a continuous tightening trend. Regulatory departments have further curbed the spread of illegal cross-border foreign exchange margin trading activities by continuously improving regulatory rules and strengthening regulatory enforcement. However, it needs to be clarified that the core prohibitive regulatory guidance running through all subsequent regulatory measures can be traced back to the content of this special circular issued by the Hong Kong Securities and Futures Commission (SFC) in 2019. The regulatory principles and prohibitive requirements established in this circular have always been the core basis for regulating the foreign exchange trading-related business of Hong Kong foreign exchange brokers with mainland China.

It is legal for mainland residents to open foreign exchange trading accounts in person in Hong Kong, but there are preconditions.

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In the context of two-way foreign exchange investment transactions, it is necessary to clearly distinguish the compliance boundaries of relevant businesses of Hong Kong foreign exchange brokers: the Hong Kong Securities and Futures Commission (hereinafter referred to as "Hong Kong SFC") imposes strict restrictions on Hong Kong brokers conducting foreign exchange margin trading business in mainland China, but this regulatory requirement does not mean that it is illegal for mainland residents to open foreign exchange trading accounts in person in Hong Kong. The compliance definition of the two needs to be judged comprehensively in combination with specific regulatory rules and operational scenarios.
The key regulatory point for defining the above compliance boundaries is June 17, 2019. On that day, the Hong Kong SFC officially issued a special regulatory circular, making clear regulatory warnings to all licensed corporations under its jurisdiction, clearly defining the scope of prohibition for two types of illegal activities: on the one hand, it strictly prohibits licensed corporations from directly conducting foreign exchange margin trading business in mainland China without the approval of relevant regulatory authorities; on the other hand, it prohibits licensed corporations from assisting mainland Chinese investors in participating in such unapproved foreign exchange margin trading activities in any form. The issuance of this special circular not only signifies the clarification of the Hong Kong regulatory authorities' stance on regulating cross-border foreign exchange margin trading, but also serves as a core regulatory starting point for subsequently restricting Hong Kong foreign exchange brokers from providing related non-compliant foreign exchange services to mainland Chinese citizens, laying the foundation for compliant regulation in the cross-border foreign exchange trading field.
It is important to clarify that the above prohibitive regulatory requirements of the Hong Kong Securities and Futures Commission (SFC) do not negate the legality of mainland residents opening compliant foreign exchange trading accounts in Hong Kong. Such account opening and trading activities are permitted as long as they meet dual compliance requirements. Firstly, in terms of institutional selection, mainland residents should prioritize choosing legitimate brokers or licensed banks holding a Hong Kong SFC Type 3 license (i.e., a leveraged foreign exchange trading license). These institutions are strictly regulated by the Hong Kong Securities and Futures Ordinance and implement a segregated fund system, ensuring basic compliance of transactions and reducing fund security and compliance risks.
Secondly, in terms of account opening materials and procedures, mainland residents need to prepare all necessary compliance documents in advance, primarily including valid mainland resident identity cards and Hong Kong and Macau travel permits. Some institutions may also require additional documents such as proof of address and proof of source of funds based on anti-money laundering requirements. Subsequently, the face-to-face verification and risk assessment processes must be completed according to the institution's regulations to ensure the compliance and standardization of the account opening process.
Finally, it is also necessary to strictly abide by the relevant regulatory regulations in mainland China. Even if the account opened in Hong Kong complies with local trading regulations, the cross-border movement of funds must strictly follow the relevant requirements of mainland foreign exchange management. For example, the annual limit of US$50,000 for foreign exchange purchase and settlement must be observed, and it is strictly prohibited to circumvent regulations through illegal means such as misrepresenting the purpose of funds or splitting transactions. Such circumvention of regulations may not only lead to difficulties in fund transfers but also potentially violate relevant mainland laws, triggering corresponding legal risks. This is a key compliance point that mainland residents need to pay close attention to when opening foreign exchange trading accounts and conducting related transactions in Hong Kong.

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13711580480@139.com

+86 137 1158 0480

+86 137 1158 0480

+86 137 1158 0480

z.x.n@139.com

Mr. Z-X-N

China · Guangzhou

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