Forex Trading in Malaysia Forex Malaysia

FX United is a scam/ponzi scheme, avoid at all costs

There has been for the last few months another multi-level marketing (pyramid) scam going on in South East Asia and it is going under the guise of an FX trading company registered under the name United Global Holdings (in New Zealand) where insane returns and bonuses are promised if you sign more people under you and have them sign up more people etc. Some simple research and logical thinking would show that this is indeed a ponzi scheme as such incredible returns are really not possible with what they show to be their business model. Some further research will show that their operating address in New Zealand is fake and over 90% of all the websites traffic as of now is coming from Malaysia, which means it's a scam aimed at Malaysians. However, they have moved on to Thailand and they are going to open up an office in Bangkok, Lat prao and are now aiming at Thai investors and expats living in Thailand. They have also moved on to the Philippines.
Bank Negara (Central Bank of Malaysia) and the Financial Markets Authority of New Zealand has already given out warnings against the company:
http://www.bnm.gov.my/documents/2016/20160505_FCA_EN.pdf
http://fma.govt.nz/news/warnings-and-alerts/a-z-list-of-all-fma-warnings/#F
The following link also busts some of the other supposed information and the comments section also has some good info: http://behindmlm.com/mlm-reviews/fx-united-review-300-to-10000-cgat-forex/
Please tell everyone you know to avoid this at all costs.
submitted by willeatformoney to Thailand [link] [comments]

FX United is a total scam/ponzi scheme

There has been for the last few months another multi-level marketing (pyramid) scam going on in Malaysia and it is going under the guise of an FX trading company registered under the name United Global Holdings (in New Zealand) where insane returns and bonuses are promised if you sign more people under you and have them sign up more people etc. Some simple research and logical thinking would show that this is indeed a ponzi scheme as such incredible returns are really not possible with what they show to be their business model. Some further research will show that their operating address in New Zealand is fake and over 90% of all the websites traffic is coming from Malaysia, which means it's a scam aimed at Malaysians.
Bank Negara and the Financial Markets Authority of New Zealand has already given out warnings against the company:
http://www.bnm.gov.my/documents/2016/20160505_FCA_EN.pdf
http://fma.govt.nz/news/warnings-and-alerts/a-z-list-of-all-fma-warnings/#F
The following link also busts some of the other supposed information and the comments section also has some good info:
http://behindmlm.com/mlm-reviews/fx-united-review-300-to-10000-cgat-forex/
Please tell everyone you know to avoid this at all costs.
submitted by willeatformoney to malaysia [link] [comments]

Nor Mohamed failed to give accurate report on forex losses, Anwar tells RCI Illegal Forex scam (ENG) 'Without forex losses, Bank Negara would have RM100 billion more' 'Kerana forex, saya juga berundur dari Bank Negara' Broker eToro Trade Guna modal Kecil USD50 Bank Negara Malaysia Forex Broker Reviews/ InstaForex/FBS Malaysia

As Malaysia's Central Bank, Bank Negara Malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. Jalan Dato' Onn, 50480 Kuala Lumpur, Malaysia; 1300 88 5465 (BNMTELELINK) +603 2698 8044 (General line) [email protected] Please enable JavaScript to view the page content. Forex in Malaysia. Forex trading is legal in Malaysia, although The Bank Negara Malaysia (BNM), the financial authority in Malaysia, places restrictions. A law states that it is not allowed for any Forex trader in Malaysia to deal in currencies without an authorized broker in Malaysia. Traders living abroad are not subject to this regulation. FxUnited Malaysia is black listed by Bank Negara Malaysia since 42281 due to Forex trading. Be very careful if you deal with them. Ulasan seterusnya/更多评论 >> 2 Comments. Write a comment... 1.0. Safe. Reputable. Return. Availability. Bank Negara Malaysia has revoked the license of FxUnited Malaysia since 42281 due to various violation of rules. 0 0. July 15, 2016 by Review Admin. 1.0 ... Welcome to the Central Bank of Malaysia official portal. As Malaysia's Central Bank, Bank Negara Malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy Sebagai Bank Pusat bagi Malaysia, Bank Negara Malaysia berusaha mewujudkan kestabilan monetari dan kewangan yang kondusif bagi pertumbuhan ekonomi Malaysia yang mampan RESERVE BANK OF AUSTRALIA MEMILIH UNTUK MEMOTONG KADAR FAEDAH KE PARAS 0.10%. November 3, 2020 November 3, 2020 0 comment Berita Terkini. US DOLLAR MENINGKAT SEDIKIT MENJELANG PERISTIWA PENTING PILIHAN RAYA PRESIDEN UNITED STATES... November 2, 2020 November 2, 2020 0 comment Editor's Picks. MAJALAH FOREX MALAYSIA EDISI KE-102 SEDIA UNTUK DI MUAT TURUN. October 29, 2020 October 29, 2020 0 ... ROMS is a system for authorized dealers (ADs) to report FX transactions to Bank Negara Malaysia (BNM). Through ROMS, the Bank is able to enhance the monitoring of cross-border flows and the developments in the foreign exchange market. July 2005 - Removal of ringgit peg to USD. On 21 July, the ringgit peg to the USD was replaced with a managed float system. The primary motivation for the policy ... Malaysia’s central bank, Bank Negara, has been pursuing spot FX after a surge in complaints were made to the regulator by loss making traders, in 2008 the authorities made a series of raids on firms that were mis-selling FX, some firms were claiming that they offered training and recruitment consulting but were actually selling FX as IBs or money managers. Bank Negara made a specific ... An FX spot transaction is a deal in which you and us agree to exchange agreed-upon amounts of two different currencies at an agreed exchange rate for settlement in 2 business days. Spot rates can be adjusted to provide for transactions taking place today or tomorrow. These transactions are known as "Value Today" or "Value Tomorrow". Forward Transactions A forward transaction is an agreement ... Finding a good Forex broker is of the utmost importance, FX Australia maintains an updated list of the best Forex brokers in Malaysia so it is best to choose one of those. We also keep a complete Forex broker directory which includes brokers we do not trust or recommend. If you have heard of a broker and want to know if you can trust them, the directory is a good place to start. Forex Malaysia ...

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Nor Mohamed failed to give accurate report on forex losses, Anwar tells RCI

Bekas Penasihat Bank Negara Malaysia, Tan Sri Nor Mohamed Yakcop tidak pernah berbincang dengan Menteri Kewangan dan Perdana Menteri tentang urus niaga mata wang asing Bank Negara bagi tempoh 1986 ... Bank Negara Malaysia's (BNM) US$10 billion foreign exchange losses incurred in the 1990s have had a huge impact on its foreign reserves today, claimed a former assistant governor of the central ... Former Bank Negara Malaysia advisor Tan Sri Nor Mohamed Yakcop did not give detailed information on the foreign exchange losses incurred by the central bank in 1992, former finance minister Datuk ... Bank Negara Malaysia (BNM) has initiated a scam awareness campaign that aims to educate and remind the public to beware of financial scams promising unrealistic high returns. If it sounds too good ... Siri 5/2019 Mari belajar forex cara buat short review broker. Berikut adalah link untuk mendaftar buka akaun di broker forex yang TRUSTED https://www.instafo... Pandangan saya peribadi pasal broker eToro, isu soal broker yahudi, di cop SCAM oleh Bank Negara Malaysia. Bank Negara Malaysia (BNM) mengalami kerugian 10 kali ganda daripada pelaburannya dalam urus niaga mata wang asing (Forex) bermula tahun 1988.

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