You should email to the BNM directly to get the real answers.
I did and I got the answer. It is illegal. However, I have never seen/heard anyone being prosecuted, except those managing Other People's Money (OPM).

I have read through the thread. The law is there, it is up to an individual to choose to follow or not.
The FF forum members could be the real experts in BNM rules and regulations. 

1. You are in Japan, not Malaysia.

2. Is it legal, as it is considered your company, an entity, is executing the trades.

1. You are in Japan, not Malaysia.

2. Is it legal, as it is considered your company, an entity, is executing the trades.

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.

I am not sure about this.
When you have a company, your company is trading, not you anymore.

Who says you cant buy big item ?
Many FX trader bought car, house with FX money. Even gold mine.

There are many ways to buy big ticket items using fx income... but pay cash for property sound is the most illogical... unless u dun mind being query by LHDN. Full time trader need to pay tax too.

I just declared by tax... wait LHDN query me.... lol. Agreed with bro demolationz... many steps are involved...

No, I mean if only I can untung from forex baru cakap tax la. Demo also already down 20% of initial startup

Thanks bro, sorry for late reply. I am learning python, about specific idea what do you mean? Care to explain a bit more please?

Check out Pandas python.

Opinion from tin kosong. 

go study on Fibo Musang... thats what the sifu using now. gonna study on it this week 

do this 1st..
Identify HH and HL..then set fibo...

wow. so good?

Anyone here trading with XM.com broker with successful withdrawal, mind to PM me their withdrawal statement?

Just wanted to be sure of the broker before vesting in it, the extra bonuses are quite attractive

Thanks all sifu

Hi, am newbie in this forex thing.. Hope you guys can go easy on me... I was recently approached by a friend to do forex. And it all looks perfectly legit to me, it uses olympusfx and they go under a centre name FAMS+ in sri hartamas giving free classes.. Of course it has mlm elements..

Would be helpful if those who have some experience with this companies can shed some light and how to distinguish between legit or non legit forex groups?

My main concern is regarding the legality of forex trading in Malaysia which I can't seem to get a clear or good enough answer with quite an amount of probing through my friend and their uplines and uplines. Which means I did not get a convincing enough answer.

I have found out through our FEA and FSA 2013, any person who is involved in forex trading apart from licensed onshore banks is deemed to be liable. Liable persons can be subjected to find not more than rm50 million or jail up to 10 years or both.. So am pretty confused is forex legal or not? if it's not legal, why so much activity on forex here in lowyat forum? why so many still hasn't get caught? or is it bnm is closing off an eye?

Extra info: the money withdrawal can be done through olympusfx. and depositing money apparently goes through a local money changer which ultimately goes into this bank called europacific bank (am still in the process of finding out the particulars of this money changer).

Please refrain from gullible answers such as "all mlm element induced in forex is scam" or "if your upline can't answer you then probably don't join". Hope to get an educated and good response on this supported with facts.