Fraud goes hand in glove with the Forex market, wherever you may be located in the world. There have been a lot of advances in fraud prevention, but it still pays to be vigilant. Financial regulatory responsibilities are left with the Securities Commission in Malaysia. This commission overlooks exchange-traded products, including commodity and Forex futures and how brokers operate in the country.
However, regulations are still pretty much in their infancy, and it is still really hazy, as to whether Forex trading is legal. The Bank Negara Malaysia was a major player in the Forex market in the late s.
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The activities of the bank, under Governor Jaffar Hussein , caught the attention of Forex players across the globe. Over the following few years the bank sold large quantities of some of its currency reserves and ended up being technically insolvent in Luckily it was bailed out by the Malaysian Finance Ministry. Which just goes to show that even the so-called experts can get their calculations wrong.
Understanding the market and all its players, As with a number of other emerging Forex trading countries the legality o You can even choose your next broker by a comparison which website offers the best promotions at this very part Read more Advance in Trading with Swiss Forex Brokers Forex market is a global arena for traders from all over the world. It is a sublime international opportunity for making money thanks to good analytic skills an Read more. An insight into the world of Forex trading in Malaysia Malaysia has quickly gained a reputation for being an emerging market economy in Asia.
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Is Forex trading legal in Malaysia?
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