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Bank Negara Malaysia BNM was established in 1959. It is founded and owned by the Malaysian government and is responsible for supervising banking and financial activities throughout Malaysia.
The BNM does not regulate foreign exchange.
Generally speaking, BNM-regulated broker profile will be found at the Financial Sector Participants Directory page on BNM website. Try to find it and check if it will match the info from the broker website.
The detailed steps are as below:
1. Open its official website: https://www.bnm.gov.my/
2. Find "Licensed Financial Institutions" and click it
3. Enter the broker's name to search
4. If there is a result, click the company's name, and check the details of this company.
When you have disputes with a BNM-regulated broker, you can make a complaint at the Enquiries & Complaints page on BNM website.
Open https://www.bnm.gov.my/financial-consumers/enquiries and follw the complaining steps.
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