Sabah forex facebook
She was sentenced to seven years' jail on each count, to be served concurrently from the date of arrest, which was Nov 8 last year. On the first count, she was charged with dishonestly misappropriating RM4, belonging to a technician, Mohamad Fadhil Mohamad Nor, 26, which was deposited into her bank account for forex investment with promise of lucrative returns.
Umiradiah, who is unemployed, was also charged with deceiving Mohamad Fadhil into handing over RM15,, which was also deposited into her bank account, for the same purpose.
The charges were made under Section of the Penal Code, which provides an imprisonment for up to five years and whipping, as well as fine, upon conviction. In mitigation, Umiradiah, who was unrepresented, said she had paid back half of the amount to the victim.
Deputy public prosecutor Nor Hashimah Hashim prosecuted. According to the facts of the case, Mohamad Fadhil was keen to invest in a forex investment scheme through a Facebook account "Rania Irise" which promised lucrative returns, and deposited a total of RM21, into Umiradiah's bank account to participate in three packages that were offered.
However, Mohamad Fadhil only receive RM4, from his investments and the women went missing. Not using rocket logo a game changer: Pribumi members won't join other parties: Najib, 11 and dissolution of Parliament. To change the leverage afterwards, the approval of the customer is required. Customer approval is possible through any kind of tool in the electronic media under the condition that the forex broker encourages to do so. Leverage can be defined as borrowing a certain amount of money necessary to make investments.
In the case of forex, the money is borrowed from a broker, the company providing forex services. Forex trading offers high leverage for an initial margin requirement; a retail investor can build up and control a huge amount of money. In other words, leverage in forex trading, magnifies gains and losses.
Assume that an investor has an account with an online forex broker, which provides the investor with the maximum leverage permissible in Turkey, which is currently Nevertheless, this amount will fluctuate depending on the profits and losses generated from trading.
What will happen in the FX market? Friday's decision of the Capital Markets Board raised both serious questions and worries as to what will happen in the forex market, as the decision was mostly unexpected despite previous attempts to regulate and adjust by the board. Analysts and economists generally view this decision as meant to shake the Turkish forex market and cause losses both for investors and forex brokers. When asked about why the SPK made such a decision that shocked investors and forex brokers, Taha Meli Arvas, a Turkish financial analyst, said that the recent amendment is already a continuation of steps taken during Professor Vedat Akgiray's tenure as head of the SPK to regulate the FX market in Turkey.
These are much-needed steps taken to protect the smaller retail investor, many of whom are fooled by promises of quick high returns using ridiculous amounts of leverage. Also, he added, the TL 50, minimum to open an account is no barrier to firms but is rather meant to prevent unsophisticated and inexperienced retail investors from losing all of their investment. In that regard, the decision is a step taken to protect investors with no financial literacy. When the decision first hit the wires, the cause may be considered one of the series of steps taken to balance out currency volatility from which the Turkish lira has been suffering for a while.
However, analysts do not construe the SPK's decision as a measure to prevent currency speculations. Evaluating the decision, Arvas said that the amount traded by retail investors is not sufficient to move markets; therefore, it is not a decision to counter currency volatility.
Erkan also noted that the decision to reduce the leverage to Depicting the decision as a radical one, Erkan also underscored that the minimum margin of TL 50, will cause the FX market in Turkey to lose a great number of investors. In fact, Erkan said that both the capital market and the FX market will be affected by the decision, creating a contraction in the market, and the solution to regulate the market is not to stall investors from engaging in forex trading.
Although leverage in the FX market in Turkey required a regulation, the requirement of minimum TL 50, was a radical decision, according to Erkan.