Thank you to Lion Asset Management,
Your statement did bring up a good discussion about the forex market activity. Glad that someone has more experience join in to explain more about the approach of management.
Well, me is very new to Forex market. But I think Malaysia did not recognize or approve Forex as a business in this country as it is a high gain high risk investment, so there are no advertisement in public media. So is consider your own risk investment if you involved thus it did not approve forex establishment company. As then there is still some branches of Forex company in Malaysia, is just that they marketing is low profile not in public. The activity just going on through social connection.
So since myfxbook is not found in my country, so If I public advertisement in internet will not consider as having activity of business in Malaysia rite ? Myfxbook is a social forex network portal for discussion and sharing information.
I also wonder, if I setup FX manager web page to get retail forex client from all over the world. Is it consider illegal activity ?
Well if we do not sign any document and the managing basis just base on trust, there will be no legal documentation that can bring up a legal case. Even the client complain that you loss all his money, the will be no case can bring up to court as no company registration, no paper sign, investment beyond country, just personal email record only.
I think there will be an issue if you get mass client that have no idea about forex in your own respective country, and after you lose their investment they go public and ask help from government, then you will be in trouble.
And the law enforcement activity that go hunt any illegal investment in all country is zero rite ? Action only taken if there is a log of complaint, and as said before hardly any document to log complaint, and require many people report being feel scam from your investment promise.
So the question is, is there any law of internet business ? Do they apply same to all country ? I think obviously no rite ? As I'm still very new on internet business only have some common cents, so if anyone has common dollar please fill in my pocket.
Information is Gold when come to organised.