QUOTE(demolationz @ May 1 2016, 01:18 PM)
From my opinion. Its illegal to involve FX in Malaysia, unless you have been authorize by BNM just like currency exchanger out there. That is why we have been trading FX underground basis. Most of trader, prefer to keep silent about it.
Just 2 cent opinion...
illegal fx trading in malaysia involve physical money..
Lack of law regulation over e-commerce fx trading with broker oversea. u r in grey area trading..
thats y no one was arrested in retail trading forex.
As for those arrested in forex, they are scammers, or those doing illegal deposit ( take your money but not trading under your acct) or do MLM, illegal pyramid schemes or not authorised activitities.
as for tax... consider derivaties from oversea.. i forgot the Act clause...
as for getting loan.. bank see your transaction for 2 years if you r on freelance/ doing sales without basic pay like property agent or insurance agent..
hope this helps...