Financial Markets

Is it Legal and Safe to Engage in Forex Trading in Malaysia?

Trading on foreign currencies is popular among Malaysian retail investors looking to grow their small capital by way of short term investment opportunities. The advent of modern Malaysia-based online trading platforms have made such opportunities accessible, not only to local investors but also to non-Malaysian residents.

Are Malaysia-Based Online Trading Platforms Legal and Reliable?

https://youtu.be/p4216r1Q3tY

Generally, forex trading by way of Malaysian online trading platforms is legal but only if the platform is operated by market intermediaries or brokers, duly licensed by the Securities Commission of Malaysia (SC). The SC, being the financial regulatory body of the Malaysian government, issues a Capital Markets Services License (CMSL) to those who satisfactorily meet the legal requirements, as well as abide by the laws and regulations prescribed by the government.

The CSML license held by Malaysian financial institutions and market intermediaries gives Malaysian investors the confidence to engage in investing and trading activities in the country’s financial markets. As a rule, the Securities Commission of Malaysia awards a CSML license to investment brokers only if they meet the following factors:

Proven probity, a characteristic pertaining to honesty and beyond, as it also denotes the refusal to lie or to deceive in any way or manner and for whatever reason.

Verified Financial Status, which refers to a license applicant’s level of income as required under a specific category, which determines the extent of one’s financial ability to provide market intermediary services.
Proven ability to carry out efficiently, equitably and honestly, financial servicing functions based on their role as intermediaries in Malaysia’s financial markets. As an example, Rakuten Trade became the first fully developed online trading platform to operate in Malaysia in 2017, as it merited the SC’s approval for a CSML license.
Proven reputation, reliability and integrity in performing related functions, including providing sufficient protection to investors from defaults or insolvencies.
Through its authorit,y the SC regulates the financial markets by ascertaining that such factors and other regulatory requirements are met before a CSML license is awarded.

A Closer Look at Rakuten Trade and Its Online Trading Platform

https://youtu.be/d6hXLypWrwg

Rakuten Trade is a fintech firm founded by Japan-based Rakuten Securities Inc and Kenaga Investment Bank Berhad of Malaysia. The company received approval from the SC in 2017 to operate a web-based trading platform. The technology serves as a self-service investment portal that Malaysians can use in accessing Malaysia’s financial markets, including Bursa Malaysia. In 2018, Rakuten Trade won the coveted ‘FinTech Company of the Year.’

Through Rakuten Trade’s user-friendly online trading platform and by using their individual Rakuten Trade accounts, retail investors and day traders can carry out their investing and trading activities, as well as execute trading strategies. The web-based platform enables users to view their respective account summary, such as their transaction history, portfolio of corporate subscriptions and their reward points along with related conversions.

Readers looking for more information about Rakuten Trade and the usability of its platform, its fees, customer service support and user reviews, can find a comprehensive review published by AskTrader.com in this page https://www.asktraders.com/broker-reviews/rakuten-trade/.

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Should You Hire a Property Management Firm?

The thing with The Property Buying Company and several management companies is that, they’re dealing directly with tenants and prospects on behalf of the landlord. On the latter, it is advantageous on their part for it saves them time and not have to constantly worry about a number of things. This may include:

  • Rent collection
  • Marketing vacant rooms
  • Handling repairs and maintenance issues
  • Responding to complaints of tenants and;
  • Imposing eviction

These are only few of the benefits of hiring a property management company. Besides, a good and experienced management firm brings its experience and know-how to your property. This gives peace of mind that your investment is in great hands. Lastly, seasoned management company is actually an independent contractor. Thus, it allows you to avoid concerns of being an employer.

When to Hire?

Despite the fact that there are numerous advantages associated in hiring a property management firm, working with one could be costly. Aside from the cost, relying your property entirely from one is actually a case to case basis.

Having said that, it is highly recommended if you are going to take into account the following. By doing so, you’ll be able to know when you should hire a property management company.

Plenty of Rental Units or Properties

Needless to say, the more properties that you have and the more the units it has, the more likely you would make the most of working with a management firm. Additionally, if your location is somehow far from your rental property, then it definitely makes sense to work with one. They can be an invaluable asset as you don’t have to worry about what is happening to your properties.

Hands-On Management is not Your Thing

There are lots of landlords who find it challenging to find good tenants and also, the rewards of keeping their properties attractive and safe.

On the other hand, if you look strictly at your rental property as a form of investment and want little-to-do with the management, then no doubt, you’ll benefit from hiring a management company.

You don’t have much Time

Even if you love hands-on management, you may not have enough time to allot to your business. This is true if landlording is not your main job. If you prefer as well spending your time in growing your business, including arranging the financing for renovation, searching for new properties or even changing the current structure of your business, then the presence of a property management company may just be a great way of spending your money.

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