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Regulation
Malaysian Regulator Flags InstaForex and InstaTrade in Latest Warning List
2024-11-11T10:59:52.620+02:00
The Securities Commission Malaysia has added InstaFintech Group's brands to its investor alert list of unauthorized entities.
In the past, SCM warned against other popular retail trading names in the FX and CFD industry.
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Products
Forex Broker Advisory Firm Targets Growth in Southeast Asian Financial Hub
2024-10-01T16:44:20.628+02:00
Nine Solution is opening a new office at TRX Exchange 106 in Kuala Lumpur in October 2024.
The company's CEO observes that currently more firms are emerging in prop trading than in the FX space.
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Retail FX
Labuan Regulator Limits FX and CFDs Brokers' Offerings Only to Currency Instruments
2024-09-16T12:15:29.971+02:00
The new rules will prevent brokers from offering CFDs on shares, ETFs, commodities, and other non-FX assets.
It will also limit the leverage of cryptocurrency CFDs to 1:1.
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Retail FX
Webull Launches 24-Hour US Stock Trading for Malaysian Investors
2024-07-18T11:52:18.041+02:00
Malaysian investors can trade US stocks like Tesla and Amazon commission-free for the first 180 days.
The firm expanded its offerings in Australia to include 24-hour trading of US equities and ETFs.
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Retail FX
Moneta Markets Expands into Southeast Asia with Malaysian Team Addition
2024-02-09T11:49:31.222+02:00
Md Falany Md Khir has taken charge as the Country Manager.
Earlier, the firm entered Dubai with a Mainland Company License from the DED.
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Retail FX
News Nuggets | 7 December: CySEC Fines 3 Companies; Nasdaq Appoints New Director
2023-12-07T12:39:43.918+02:00
Also, SoFi to pay FINRA fine; KPMG explores merger of the UK and Swiss businesses.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
Lirunex's Asian Expansion Faces Regulatory Hurdles in Malaysia
2023-10-26T12:19:18.154+02:00
The broker's trading center in Kuala Lumpur has been running since 2022.
However, the SCM claims that Lirunex is operating without the necessary authorizations.
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Retail FX
News Nuggets | 11 September: New Spectrum Markets Member; AsiaNext's Singapore License
2023-09-11T11:29:28.158+02:00
Also, the crackdown of Malaysia and Hong Kong regulators.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 7 September: Fortex Adds CBCX Markets; New eToro UK Finance Head
2023-09-07T11:41:07.170+02:00
Also, executive moves at FairXchange; TradingView adds Bitbns data.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 5 September: Hantec Markets Executive; Warning of Malaysia Regulator
2023-09-05T09:49:14.904+02:00
Also, the warning list of Spain's CNMV; Capital.com's new hire.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 5 June: Brokeree, Advance Markets Partner; Illegal Brokers
2023-06-05T13:11:30.710+02:00
Also, new appointment at CAPEX.com.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Regulation
Malaysia's Regulator Orders Huobi to Shut Down, Cites Illegal Operation
2023-05-22T17:42:20.170+02:00
The Securities Commission said it was concerned about compliance and investor protection.
The watchdog urged investors to withdraw their funds and close their accounts.
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FinTech
Singapore, Malaysia Launch Unified QR Code for Cross-Border Payment
2023-03-31T18:17:44.778+02:00
However, cross-border payment is restricted to customers of participating institutions.
Both countries plan to launch account-to-account fund transfers by end of the year.
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FinTech
Equinix Enters Malaysia, Commits $40m to Building Data Center in Johor
2022-11-30T13:39:49.123+02:00
The company wants to accelerate digital economy transformation in Malaysia.
It has been the second data center investment made by Equinix in recent months.
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FinTech
iPay88 Says Cyber Hack Only Impacted Card Holders
2022-10-07T12:46:50.369+02:00
The Malaysian payments company suffered a cyber hack earlier this year.
The security breach 'specifically targeted card data from online transactions'.
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News
Wirex Wallet to Facilitate Malaysian and Indonesian Users with New Payment Method
2022-06-11T14:00:48.028+02:00
The company has made its non-custodial wallet more accessible to APAC users.
Wirex recently introduced new alternative payment methods for those living in India and Portugal.
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CryptoCurrency
Binance Seeks to ‘Work Closely’ with Malaysian Crypto Exchanges
2022-06-06T22:15:00.000+02:00
The exchange wants to work closely with companies like MX Global Sdn Bhd.
Changpeng Zhao made the announcement at an event hosted by MX Global.
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News
Nium Expands Payment Services in Malaysia
2022-05-19T11:13:08.949+02:00
The real-time payments services are now available in the region.
In 2021, Malaysia recorded 1.1 billion real-time payment transactions.
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News
Al Rajhi Bank Malaysia Partners with Moneythor for PFM Features
2022-04-25T12:24:14.479+02:00
According to the company, the partnership will boost innovation in the regional banking system.
The bank will deploy personal financial management features of Moneythor.
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Thought Leaders
FVP Trade Set to Launch on the OTC Market at their Asian Summit
2022-04-21T10:08:43.287+02:00
Guests of the event have been invited from all reaches of Asia, Australia, and Europe.
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CryptoCurrency
Malaysia Will Not Recognize Bitcoin as Legal Tender according to the Ministry of Finance
2022-03-24T17:51:16.373+02:00
The Deputy Finance Minister contradicted Zahidi Zainul Abidin.
Malaysia is still participating in project Dunbar with the RBA.
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CryptoCurrency
Binance and Cuscapi Berhad Strategically Invest in MX Global
2022-03-01T15:11:30.603+02:00
MX Global will use the invested capital for brand awareness and development.
High demand for cryptocurrencies is noted in Malaysia.
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Institutional FX
GCEX Strengthens Asian Presence with a New Malaysia Office
2022-02-22T10:30:00.000+02:00
Other offices of the company are in London, Glasgow and Copenhagen.
It is now onboarding staffers in the new offices.
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Brokers
VT Markets Expands Global Presence with a New Office in Malaysia
2021-10-01T10:34:22.000+02:00
The company is planning to facilitate regional clients and affiliates through the new office.
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News
Binance Terminates Services in Malaysia, South Korea
2021-08-13T13:53:54.000+02:00
The Malaysian regulator earlier ordered the exchange to exit the country within two weeks.
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