Apr 21 2017, 01:20 PM
QUOTE(Cubalagi @ Mar 19 2017, 12:39 PM)
Both are illegal.
FX trading platform need BNM license. Binary Option platform need Suruhanjaya Sekuriti license. None have granted license so far.
Whats the risk for the trader? The main risk is that if something r to happen to these platforms, you have no where to complaint or get recourse for any help from the authorities.
Most of the company you see out there is register outside Malaysia. FX company very high risk goes bankrupt because they are bucket shop. All you short/long is bet with the company. They're not like bursa(middle man).FX trading platform need BNM license. Binary Option platform need Suruhanjaya Sekuriti license. None have granted license so far.
Whats the risk for the trader? The main risk is that if something r to happen to these platforms, you have no where to complaint or get recourse for any help from the authorities.
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