Forex version XVIII, Foreign Exchange Market Discussion
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 Apr 30 2016, 01:46 PM
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#1
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Junior Member
45 posts Joined: Dec 2009 From: Malaysia 
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Hello everyone. I am extremely new to the idea of forex trading but I am confused. Is online forex trading legal or illegal in Malaysia? yeah BN website says its illegal if it's non authorised dealer but is there another way I can trade forex online without making it illegal? all experts please advice me. Very confused here. Thank you in advance.
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Apr 30 2016, 06:06 PM
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#2
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Junior Member
45 posts Joined: Dec 2009 From: Malaysia
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QUOTE(carrer @ Apr 30 2016, 04:03 PM) Yes, it's illegal. Trade other derivatives. Thank you for the reply If you however insist on trading forex, migrate or register an offshore company to trade.   |
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Apr 30 2016, 06:25 PM
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#3
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Junior Member
45 posts Joined: Dec 2009 From: Malaysia
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I decided to do a little bit more research and is it true that we can trade forex provided that we trade in currency pairs which do not involve the myr? Like GBPUSD, EURUSD, everything else without the MYR currency is fine? Does it mean that if we "legally" convert our ringgits through authorized dealers/banks we can trade non myr currencies? I mean its our money right just in a different currency and any risks is on us and it won't jeopardize the country in any form yes?
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