QUOTE(Dato Gujimiao @ Feb 7 2022, 10:30 PM)
Hi there, I'm checking in term of Legal and Technology. As we are planning to develop a system where the Newbie Investors can follow the Experienced Investors. The system will place trades on behalf of the Newbie, based on the Experienced trades.
Here are some Use Cases of our Copy Trading features:
1. Experienced-Trader (AKA Investment Mentor) login to our app, Experienced-Trader places a trade order.
2. Beginner-Trader deposits a sum of money into his own account
3. Beginner-Trader set which Experienced-Trader that he wants to follow.
4. Our system will automate the trade (buy or sell) everytime the Experienced-Trader places an Order.
I know there is currently no such platform in Malaysia, it doesn't means such trading platform was disallowed by SC Malaysia.
Does anybody have any idea? Thanks in advance
Do the experienced trader gets any remuneration? From the beginner trader?Here are some Use Cases of our Copy Trading features:
1. Experienced-Trader (AKA Investment Mentor) login to our app, Experienced-Trader places a trade order.
2. Beginner-Trader deposits a sum of money into his own account
3. Beginner-Trader set which Experienced-Trader that he wants to follow.
4. Our system will automate the trade (buy or sell) everytime the Experienced-Trader places an Order.
I know there is currently no such platform in Malaysia, it doesn't means such trading platform was disallowed by SC Malaysia.
Does anybody have any idea? Thanks in advance
This SC will probably say u need a stockbroking license to do this. Those are hard to come by.I think the best way is to see if can JV with a broking company.
Feb 8 2022, 11:27 AM

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