Aspects regarding Online Trading Platforms in Romania: Risks and Regulations

Viorel Vasile, Ioana Teodorescu, Constantin Bucur

Abstract


This article examines the main risks associated to the FOREX trading platforms, where participants attempt to achieve profit from exchange rate difference. In the last period, the technological progress has enabled the development of tools to obtain financial income using the Internet and one of these tools is the FOREX market, a virtual market where all transactions take place using a trading system. Although these trading services and seem very easy to use and attractive, there are some risks to consider and and it's not surprising that in Romania, a state member of the European Union, the competent institutions for supervision of foreign exchange transactions identified an increase in the number of companies that are providing unauthorized transactions for individual investors on the trading platforms.

Keywords


online transactions, Forex trading, risks, supervision

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International Journal of Economic Practices and Theories (IJEPT) ISSN: 2247 – 7225 (online)