Feb 8 2022, 05:11 AM
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
Under SC regulations there is grey area whereby copy trading is not allowed 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
Before you embark such venture I suggest you to get SC approval for your trading platform before embark8ng further
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