Forex Broker Malaysia operates within a regulatory framework that aims to safeguard traders while maintaining the security of the market. Being aware of and following these regulations is paramount to any trustworthy forex broker.
FXCM Markets is a trusted brand in the forex industry and is very strict about compliance. This allows Malaysian traders to trade with peace of mind and trust, more about the author!
In Malaysia the banking industry is overseen by the Securities Commission Malaysia (SC), which sets regulations as well as guidelines for the forex transactions. As a responsible forex broker, FXCM Markets operates in total compliance with regulatory guidelines set forth by the SC. This way FXCM Markets ensures its operations are transparent, secure, and aligned to the interest of Malaysian traders.
The separation of funds is a key element in FXCM Markets’ regulatory compliance. FXCM Markets has separate accounts that protect client funds and operating funds. The segregation of funds ensures that the clients’ money is safe and are easily traced and returned to clients, even in the case that the broker’s financial situation becomes insolvent.
FXCM Markets adheres to strict policies against money laundering and Know-Your-Customer. The policies have been put designed to deter criminal activities such as financial crime and terrorist financing and ensure that the broker is armed with complete and current information regarding the clients it serves. FXCM Markets maintains the integrity of Malaysian market by using AML/KYC policies.
FXCM Markets also operates on the principles of transparency in pricing as well as fair practices for implementation. The company provides clear and complete information regarding spreads, commissions, and other trading costs, allowing traders to make informed decisions. The company uses ethical execution methods to make sure that trades are processed efficiently and at competitive prices without causing conflicts of interest.
FXCM Markets places an emphasis on the education of traders on the compliance with regulatory requirements. FXCM Markets provides information and education materials that help Malaysian traders to understand regulations, their rights, and their responsibilities as participants in the Forex market.