Forex in Malaysia

Forex market, aka foreign exchange market is a very popular way of trading. But not until recently that I understand how it works. And more recently only I know that it is illegal for Malaysian to trade forex. Here's the faq by Bank Negara Malaysia on forex trading:


Is trading of foreign currency through the internet allowed?

No. Residents are not allowed to trade currency through internet.

Residents are only allowed to buy or sell currencies in Malaysia with authorised dealers and those entities permitted by Bank Negara. Please refer to website at http://www.bnm.gov.my under "Foreign Exchange Administration" for further details.

Full stop.