Fxunited forex malaysia blog January 1, 2015 EXNESS will be an official partner of the Infiniti Red Bull Fxunited forex malaysia legal Formula 1 team. The partnership will continue throughout the entire year. Bank Negara Malaysia has clarified that the buying and selling of foreign currency in Malaysia is only allowed with licensed commercial banks, Islamic banks, investment banks and international Islamic banks as provided for under the Exchange Control Act 1953. NOT the balance in your bank account, which, if you really think about it, is JUST A NUMBER.
Malaysia to buy or sell foreign currency or do any act which involves, is in association with, or is preparatory to, buying or selling of foreign currency with any person, other than an authorised dealer. It is also an offence for a person to aid or abet another person to buy or sell foreign currency with any person, unless the person is an authorised dealer. Some of the examples of dangers given in BNM’s last press release are true, however. He goes to complain to the government.
BE responsible for your own trading. Do not trade for someone else i. Do NOT trade against the ringgit. NEVER EVER EVER trade on credit. Always make sure you have backup capital to help you pay day-to-day bills during the losing spells. By the way, did you know that XM is the NUMBER ONE forex broker in Malaysia in 2016. Trading foreign exchange on margin carries high potential rewards but also high potential risks that may not be suitable for all investors.
Before deciding to trade foreign exchange and metatrader trading platform, you should carefully consider your investment objectives, level of experience and risk appetite and get perfect money forex broker at fxunited. How does FX United make so much money? How much money could I make? UNTIL FURTHER NOTICE I CANNOT RECOMMEND FXUNITED. THE NEW ZEALAND REGULATOR HAS ISSUED NOTICE THAT THE COMPANY WILL BE REMOVED FROM THE REGISTER ON 17 JUNE 2016 UNLESS AN APPLICATION IS MADE TO HAVE IT REMAIN. ALL MAY BE OK IF THE APPLICATION IS MADE – BUT UNTIL 17 JUNE 2016, I WOULD NOT PLACE ANY FURTHER FUNDS WITH FXUNITED. A lawyer’s view: when I first heard the FX United story, it was presented by a fast talking Malaysian businessman who spoke about Ferrari cars, million dollar incomes and living a dream lifestyle.
I am a cynical Australian lawyer, and at that moment, I was totally convinced that it was a scam. But I have a good eye for risk, and I do know where to start looking. So I hit the web to check out whatever I could find, and I also asked one of my associates, who is from New Zealand, to ask around his former colleague in the financial regulatory space in New Zealand. The conclusion we came to is this: FX United could be a scam, but we can find no evidence to support the suggestion that it is. In fact, the further we investigated, the more it all stacks up. Please keep in mind that holding a financial services licence in New Zealand is not the same as being registered as a forex broker, and does not mean that FX United is subject to close scrutiny or is endorsed by the NZ government agencies.