When news of China cracking down on companies like Futu, Longbridge, and Tiger Brokers broke on Friday, it sparked some commotion across internet forums and chat groups. To be honest, I was myself somewhat concerned when I saw people posting about it alongside “should I withdraw” questions. The language used by some news report was particularly strong, with words like “illegal” and “severe penalties” used by some publications.  Investing involves risk and Sethisfy.com is not liable for any loss, financial or otherwise. You are encouraged to exercise due diligence when signing up for any financial product, or investing based on the materials published on this site. None of the content here should be construed as financial advice. Disclaimer Before we continue with the article, apart from the usual “investing involves risk” disclaimer, I should also state that I’m an affiliate of Moomoo who occasionally do sponsored posts for them, and receive affiliate fees when people sign...