You can see it everywhere: “free money to start trading”, specifically the RM100 sign-up bonus. Many brokers offer these bonuses to you like candy, and it only gets revealed until later that there are several “sticky strings” that stick with your cash. Malaysian Forex traders tend to fall in two categories: those who get overly excited with the RM100 offer, and those who completely discard the bonus as just a tool to attract people. 
To be honest, there’s no problem in a broker giving away free cash for you to test their platform, as long as you have done some research before clicking the “Apply” button. Why Would a Broker Give You Free Cash? Opening an account for any Malaysian Forex trader requires money to open. Advertising and promotions campaigns cost money. Compliance with local rules requires cash. Referral programs cost cash. Instead of using tons of money on banner ads, brokers decide to send RM100 straight to your account. Some even offer this without you having to deposit any funds. Open an account, verify yourself, receive cash, trade. Sounds too easy? It may seem too easy to be true, and you have to expect some tricky catches behind the offer. What Everyone Ignores I have seen this many times. A trader eagerly receives the RM100, makes some trades, gets their cash up to RM200 or RM300, then tries to withdraw and runs into a problem. You are often asked to trade a certain amount of lot(s) before you can withdraw the bonus cash or any profit earned using the bonus cash. Or even, the bonus cash itself is locked and you can use it for trading only but cannot withdraw it as cash. My advice before applying for any bonus: ask yourself if this bonus is a trading incentive or a lead generation strategy for a scam broker. Who Would Be Happy? People who want to experiment a new MT4 or MT5 platform with zero risk. Those who are interested in the Forex market but not ready to commit any of their own money yet. Students, unemployed people, and generally anyone who wants to take a dip in the FX waters without risking any hard-earned savings. For those who are already with a regulated and reputable broker, this RM100 bonus is unlikely to be very helpful. But if you are undecided between several regulated platforms, then this is a nice extra bonus that can help you pick one – of course, assuming the broker is not a scammer. Forex Trading site here Is Not Regulated Locally Regulated in Malaysia means you absolutely need to choose a broker regulated by reliable international authorities like the FSCA, CySEC, or ASIC to protect yourself. The RM100 bonus should not be the only deciding factor for picking a broker; you could lose all your money to a scammer with a generous sign-up offer.
To be honest, there’s no problem in a broker giving away free cash for you to test their platform, as long as you have done some research before clicking the “Apply” button. Why Would a Broker Give You Free Cash? Opening an account for any Malaysian Forex trader requires money to open. Advertising and promotions campaigns cost money. Compliance with local rules requires cash. Referral programs cost cash. Instead of using tons of money on banner ads, brokers decide to send RM100 straight to your account. Some even offer this without you having to deposit any funds. Open an account, verify yourself, receive cash, trade. Sounds too easy? It may seem too easy to be true, and you have to expect some tricky catches behind the offer. What Everyone Ignores I have seen this many times. A trader eagerly receives the RM100, makes some trades, gets their cash up to RM200 or RM300, then tries to withdraw and runs into a problem. You are often asked to trade a certain amount of lot(s) before you can withdraw the bonus cash or any profit earned using the bonus cash. Or even, the bonus cash itself is locked and you can use it for trading only but cannot withdraw it as cash. My advice before applying for any bonus: ask yourself if this bonus is a trading incentive or a lead generation strategy for a scam broker. Who Would Be Happy? People who want to experiment a new MT4 or MT5 platform with zero risk. Those who are interested in the Forex market but not ready to commit any of their own money yet. Students, unemployed people, and generally anyone who wants to take a dip in the FX waters without risking any hard-earned savings. For those who are already with a regulated and reputable broker, this RM100 bonus is unlikely to be very helpful. But if you are undecided between several regulated platforms, then this is a nice extra bonus that can help you pick one – of course, assuming the broker is not a scammer. Forex Trading site here Is Not Regulated Locally Regulated in Malaysia means you absolutely need to choose a broker regulated by reliable international authorities like the FSCA, CySEC, or ASIC to protect yourself. The RM100 bonus should not be the only deciding factor for picking a broker; you could lose all your money to a scammer with a generous sign-up offer.