Is dollar the U.S. dollar?
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Is dollar the U.S. dollar?

The word "dollar" has become synonymous with "US dollar" in daily life, but strictly speaking, the two are not completely equivalent. The U.S. dollar is the currency unit of the United States, and the U.S. dollar generally refers to currencies denominated in U.S. dollars. Therefore, when we say "USD", we refer to the currency of the United States; and when we say "USD", it may include other currencies denominated in US dollars, such as Singapore dollars, Hong Kong dollars, etc.

Is dollar the U.S. dollar?
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What does CFD mean?

CFD, which stands for "Contract for Difference", is a type of financial derivative that allows investors to make profits by predicting the rise and fall of asset prices. It provides leverage, allowing investors to control larger positions with a small amount of capital, but it also amplifies risk. CFD has a wide range of applications, covering stocks, indices, foreign exchange, commodities, etc., providing investors with more diverse investment options.

Is dollar the U.S. dollar?
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Is CFD legal in Hong Kong?

In Hong Kong, CFD trading is legal and regulated. The Hong Kong Securities and Futures Commission (SFC) regulates CFD transactions to ensure market fairness and transparency. Investors should choose a licensed institution regulated by the SFC for trading and understand the risks of CFD trading, including leverage effects and potential losses.

Is dollar the U.S. dollar?
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Are CFDs legal?

The legality of CFD has always been a focus of investors. Although CFD trading itself is not illegal, its high leverage characteristics and complex trading mechanisms also lurk huge risks. When choosing a CFD trading platform, investors should carefully evaluate its legality, regulatory status and risk management measures to protect their own interests.