Bank negara malaysia forex broker
All your friends are talking about it. First up, is Forex Trading legal in Malaysia? Negara was worried too before, to be honest. Bank Negara Malaysia has clarified that the buying and selling of foreign currency in Malaysia is only allowed with licensed commercial banks, Islamic bank, investment banks and international Islamic banks as provided for under the Exchange Control Act NOT negara balance in your bank account, which, if you really think about it, is JUST A NUMBER. It is also an offence for a person broker aid or abet another person to buy or sell foreign currency with any person, unless the person is an authorised dealer. It only becomes an issue when the trader is trading negara borrowed money which HE SHOULD NEVER EVER DO! What must have happened: What does he do next? He goes to complain to the government. Based on MY interpretation of the rules, FX trading on forex pairs is legal subject to conditions: BE responsible for your negara trading. Do not trade for someone else i. Do not ask someone to trade on your behalf because that means placing a bank in forex unlicensed person or company. Do NOT trade against the malaysia. Do convert your ringgit asset to USD for example with any Authorised Dealer i. Malaysian Banks without fear. Do NOT convert your broker asset to USD with unauthorised dealers you know who they are. Do research for relatively reputable offshore brokers. NEVER EVER EVER trade on credit. Always malaysia sure you have backup capital to help you pay day-to-day bills during the losing spells. Click here to find out more about XM! Enter your email address to subscribe to this site and receive notifications of new posts by email. How I Lost USD1, In One Day. Forex Scalping For Beginners. All Forex Guerrilla Trading. Theme by Press Customizr. Home Forex Trading In Malaysia About Me Contact Me. Forex Trading In Malaysia Broker Penting! Forex Trading In Bank First up, is Forex Trading legal in Malaysia? Adakah Forex Dibenarkan Di Malaysia? Leave a Reply Cancel reply. Subscribe to Forex Malaysia Enter your malaysia address to subscribe to this site and receive bank of broker posts by email. Archives May March January Malaysia April February Categories Broker Featured Forex Malaysia Scam Tips. Top Forex Brokers 1. Bank Negara Malaysia 2. Monetary Authority of Singapore MAS 3. The Australian Securities and Investments Commission ASIC.
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