the question of legality regarding retail Forex trading in Malaysia. Thus, the BNM wants to control - to a certain extent - fluctuations of the Ringgit by restricting its foreign currency exchange to only licensed banks and financial institutions. IG Markets Singapore KGI World Maybank Kim Eng Securities Pte. Note that this is only valid if you are trading your own funds.
Is online forex trading legal in singapore
If you re interested in trading Forex in, singapore, you probably want to know whether or not it is legal for you to. Afterall, with your capital at risk, the last thing you want is trouble with the law. Singaporeans can trade currencies online with any forex company they want. Currency trading has been very popular and fortunately completely legal in the country.
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Others, such as ocbc Securities Private Limited are smaller, primarily local brokerages that focus mostly, if not exclusively, on serving Singapore s traders. . Oanda Singapore ocbc Securities Private Limited Phillip Futures Singapore Saxo Capital Markets Singapore utrade FX You can be sure they are all well-regulated by the Monetary Authority of Singapore. Disclaimer: I am not a lawyer, nor do I play one. This is something that.99 of Malaysian retail Forex traders dont have to worry about, but there is a risk nonetheless. The question then is, why would the government want to do that? The MAS is also the central bank. If you're interested in trading, forex in, singapore, you probably want to know whether or not it is legal for you to.