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 is forex legal in malaysia

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Ramjade
post Mar 8 2016, 06:09 PM

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QUOTE(kiragerrard8 @ Mar 8 2016, 06:05 PM)
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.

Any input guys
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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.

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