ASIC Review Leads to Millions in Refunds After Widespread CFD Rule Breaches
After detecting major compliance failures, ASIC secures refunds for thousands of CFD traders and forces changes across the brokerage industry.
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Abstract:JustMarkets, a globally recognized multi-assets broker, has announced the launch of the Jiwa Merdeka Trading Contest, which is exclusively available to clients from Malaysia.

JustMarkets, an internationally recognized multi-asset broker, has introduced a new trading contest specifically for Malaysian clients in conjunction with the nations Independence Day celebrations. The Jiwa Merdeka Trading Contest, running from August 19 to September 15, 2024, provides traders with an opportunity to demonstrate and refine their trading skills while competing for a range of valuable prizes.
This year's national celebrations in Malaysia are themed “Malaysia Madani Jiwa Merdeka,” which aligns with the governments “Madani” initiative, an acronym that embodies six core values: sustainability, prosperity, innovation, respect, trust, and compassion.
The contest is open to all Malaysian clients holding a standard account with JustMarkets. A minimum deposit of $100 during the contest period is required to participate. Throughout the contest, participants are expected to trade on their standard accounts, with their performance determining their position on the leaderboard. The competition will reward the top traders with various prizes, including:
1st place: MacBook Air 15 (M3, 512GB);
2nd place: iPad Air (256GB, WiFi);
3rd place: Apple Watch SE (44 MM);
4th to 10th place: $50 cash prize.
JustMarkets has highlighted that this competition is part of its broader efforts to expand the trading community, offering equal opportunities for traders of different experience levels. The company emphasizes that the contest aims to foster a sense of community among traders, encouraging them to hone their strategies and skills.
The contest is positioned as a way to engage traders in a competitive environment, with the added benefit of celebrating the nations spirit of independence. However, it is crucial for the public to remain vigilant and conduct thorough due diligence before engaging with any broker. While contests and promotions like the Jiwa Merdeka Trading Contest may present attractive opportunities, they also require participants to fully understand the terms and risks involved. Always verify the legitimacy of any broker and consider seeking independent financial advice to make informed decisions.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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