Forex traders in malaysia. Looking for a forex broker in Malaysia? Check out our list of brokers offering forex trading in Malaysia.

Forex traders in malaysia

Elite Trader - Hafizzat Rusli

Forex traders in malaysia. Is it illegal to trade in Malaysia? What are the proc and cons if you choose Malaysian Forex broker? Read all about here.

Forex traders in malaysia


Welcome Guest Log In Register. Read latest posts or hide this alert. Share on Track this topic Print this topic. Mar 8 , Show posts by this member only Post 1.

To my knowledge in bank negara regulations forex trading in malaysia is illegeal. However i've been approached by introducer brokers who claim that it is legal as long as you put your money overseas.

Show posts by this member only Post 2. Show posts by this member only Post 3. Show posts by this member only IPv6 Post 4. Illegal Foreign Exchange Trading Scheme refers to the buying or selling of foreign currency by an individual or company in Malaysia with any person who is not a licensed onshore bank or any person who has not obtained the approval of Bank Negara Malaysia under the Financial Services Act or Islamic Financial Services Act Show posts by this member only Post 5.

Mar 9 , Show posts by this member only Post 6. Show posts by this member only Post 7. Show posts by this member only Post 8. TS, just make sure don't get into any scam offering you mind-boggling monthly profits.. Whatever company name your friend refer to, just Google about it.. Show posts by this member only Post 9. Show posts by this member only Post If a forex broker claimed doing forex operation in Malaysia, then the broker needs to have BNM license, as simple as that.

While there is reason, why you see those money changer out there, always put up signboard "licensed money changer". Because you cannot do forex activities without BNM license. All the list are available in the BNM website, which one can easily look upon.

How can you transfer RM to a foreign account? While foreign money transfer eg. The SG bank account may not accept the money in RM Yet so many so called new and legal forex groups keep popping up.

Mar 10 , I just received rm63k from my cyprus broker Mar 13 , So far my TT no issue Mar 14 , Had a couple of failed CC via maybank so decided not to use it anymore. Also curious how can you receive 63k tt without query from maybank. I have a couple of friends who got call directly from maybank if the TT amount is too high.

These days anti money laundering policy is tight. Which broker u use? TT for deposit and withdrawal so far no issue. No single call from Maybank. I notice u use Skrill Maybe i try use your broker and see Give me the broker name. Yes using Skrill now.. Mar 19 , Dec 22 , Guys, I have no issues receiving foreign TT to my Maybank acct. However, it has not come through to my RHB account. Are there banks that reject incoming fx funds?

Have u heard any forex trader being prosecuted or jailed for forex trading on his own? Why they selling forex trading books at the bookstores? Dec 23 , Track this topic Receive email notification when a reply has been made to this topic and you are not active on the board. Subscribe to this forum Receive email notification when a new topic is posted in this forum and you are not active on the board. Any input guys It's illegal. However if income tax people come knocking, show them proof letter from your broker where you get your money and they will leave you alone.

Most likely That person is going to ask you to join network xxx which invest in Forex. If that's the case, run the opposite direction as it is most likely a scam. On my way Group: Any input guys Have u heard any forex trader being prosecuted or jailed for forex trading on his own?

You can trade no issues. This post has been edited by ninjawin: This post has been edited by cmk Look at all my stars!! Any input guys forex trading in malaysia is not illegal, however it is only applicable to banks and licensed money changer. This post has been edited by klthor: Depends on amount and luck.

BNM monitors on Banks and the Banks monitor on you. LHDN will lokap u It's not illegal to sell a forex trading book. Every bank is different


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