Interbank Forex is a worldwide provider of retail forex trading services, offering individual traders, fund managers and institutional customers proprietary technology

Just as with any market.. there is a retail and a wholesale sector. The XE Forex Rates caters to the retail markets, and also bear in mind that you will see a few decimal changes between XE and Bank rates.

The banks operate in a different segment, which is why the rates differ so much.

Indication Investments Ltd is using the brand name Forex Club. Forex Club is an online foreign exchange brokerage. Its mission is to provide a wide range of retail financial instruments.

1. Bank

2. Broker

3. COmpany

4. Retail Trader

It is legal as trading forex is how banks hedge risk for importers and exporters. To learn about the legalities about foreign exchange trading have a look at Compass Markets.

If the OP is referring to retail forex trading (with a retail forex broker), the answer is tricky. It depends on how the law is interpreted. From what I understand, it is illegal to operate an actual retail brokerage within Malaysia, but you can trade within the country with a broker located outside Malaysia.

This makes sense because if the legal environment was suitable, all of the major brokers would already have full licenses in malaysia, as they are one of the more stable SE Asian countries to setup serious business in.