Forex trading banks in malaysia forest


Forex trading banks in malaysia forest


Written by Benjamin KhorForeign exchange ( Forex) trading has long been an uncertainty for most due to lack of awareness and education.Some wonder if trading in Forex is even legal in Malaysia. According to Bank Negara Malaysia, the act of buying or borrowing foreign currencies from or selling or lending currencies to an unauthorised dealer is illegal.Unauthorised dealers refer to an individForex trading is perfectly legal in western countries such as United States, Canada, United Kingdom and Australia.

In the UK, forex trading is regulated by the Financial Services Authority (FSA). An example of forex brokers regulated under FSA are FXCM UK and Alpari.In Malaysia, Bank Negara Malaysia (BNM) regulates the financial system in Malaysia. So banks, money changers, and finance-related companies must be registered and license under BNM. Forex trading also comes under the jurisdiction of BNM.I get lots of questions about whether forex trading is legal in Malaysia.

The information given in this blog is solely my opinion based on what I observe and understand about forex trading in Malaysia. Take all I have to say with a grain of salt. Ultimately, the decision to trade or not to trade is yours forex trading banks in malaysia forest. Forex Trading In MalaysiaFirst up, is Forex Trading legal in Malaysia.




Trading banks malaysia in forest forex

Forex trading banks in malaysia forest

Forex trading banks in malaysia forest



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