Malaysians will trade via the subsidiary, Plus500SG Pte Ltd, which is regulated and licenced by the Malaysian Securities Authority (MAS). The MAS is a well regarded regulator that imposes stringent regulatory supervision on its brokers. All brokers are monitored and audited on a regular basis, and are obliged to submit audit reports to the appropriate authorities on a quarterly basis. Additionally, MAS-regulated brokers are obliged to maintain separate customer accounts.
In accordance with the MAS's rules, Plus500 Malaysia is regularly audited by independent auditors, segregates client funds from operating capital, limits maximum leverage for Forex trading to 50:1, and provides negative balance protection, which ensures that traders can never lose more money than they have in their trading accounts.
While the MAS rule provides extra safety, some Malaysian traders may find the modest leverage limits limiting. Malaysians should also be aware that the Securities Commission of Malaysia presently does not licence Plus500 trading.
Plus500 makes no mention of any industry accolades it has earned, although its services have garnered many honours throughout the years.