Online Forex trading has gained momentum amongst Malaysian retail investors as traders saw strong potential gains during the last 5 years, however the central bank has been creating a fuss and today announced major turnaround for traders and broekrs in this massive market place. Bank Negara Malaysia clarified on Thursday 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. The clarification follows the National Fatwa Council’s ruling that foreign ... (full story)