Lol.. He's still here..
This type of guy will never leave till he's blacklisted..
Lol... I pity him not because of his 8k but his lack of knowledge.

Before this i feel sorry for his loss... But now, not anymore.

Get over it pls. He is like someone love get rejected or dump by a girl, and then hates every girl in this world, every girl is bad...

Man~~Never learn and get smarter.. Just know how to blame. Pathetic...

"'We also do not open accounts with any local firms because they are all illegal. We know that. That is why our accounts are offshore and in another country, not in Malaysia and not under BNM's jurisdiction. Our brokers do not exist in Malaysia because they know better than to open an illegal office in malaysia like some unscrupulous brokers.

In this forex topic we do not advise people to invest in local broker or schemes because we know they are all illegal. We also encourage that we trade forex ourselves and not let other people trade our money. Therefore we are not investing our money, we are performing trading on our own.'''

so you all trade using another country forex comapany.. so how to open account n transfer $$ back or use the $$ in malaysia.. did maybank or government will do anything...

This post has been edited by stephanh2o: Dec 10 2012, 11:18 AM

It's not only forex. All other tradings like stock, commodity, options, etc are all done with off-shore accounts if such a service is not available in Malaysia. Malaysia's financial regulations are about 10-15 years old and has not been updated to cater with the new ECN trading. Opening account is just a matter of filling up some forms, scan the documents, email over and send money from my Maybank account to the broker (electronic wire transfer). All done within a week. Simpler than opening a local Maybank savings account because my forms are all electronic. To even open a simple savings account you have to go to the bank to manually fill up the form.

Once that is done, my broker will lock my account with my Maybank account number that I used to fund the account. Money can then only be transferred from my broker back to my Maybank account. That is also done electronically by filling in a simple online form, wait a few days for the brokers account department to process and money is wired back in one day. They don't even need verification because the money can only go back to the bank account that funded the forex account in the first place.

This is the only way to trade forex as all the brokers are located overseas. Malaysia does not allow them to open an office since Malaysia/BNM does not know how to regulate them. You can find similar brokers located in Singapore, like Oanda, which has an office there.

Everything is done electronically and you don't need local office.

This post has been edited by sleepwalker: Dec 10 2012, 01:19 PM

thanks sleepwalker that really help a lot.... so what platfom u all using... i want to train my trading knowledge.. using demo acc.. but dont know which one... it seem like alot of broker use MT4

Hi,

Have you learn your basic? there is no short cut in this forex trading. Get some ideas about how forex trading first.

www.babypips.com

Then look for a broker to try out your skill, play around and get familiar with the platform.

Check here for the brokers.

www.100brokers.com


For reference only... Don't play blame game.

thanks.. for d link.. feel like go back to school... hi..hi... yap need to start from 0 to hiro ... at list 1 year to graduated..

This post has been edited by stephanh2o: Dec 10 2012, 03:38 PM

EUR/USD - Continue bearish~ hmmmmm.... I wonder are they going to continue down until S2 1.2882 or S3 1.2872 by using Fibonacci?

Hi, just wanted to know which withdrawal method did you all use in fxopen? Is there any broker provide a more convenient withdrawal method rather than bank wire?

this is when local depositor or IB comes handy and fixed rate! but first only choose Local Depositor or IB which is recognized by broker firm.

This post has been edited by chetz: Dec 11 2012, 08:10 PM

Hi we've managed to clear it up with BNM and as of last week FXPrimus have been taken off that list

yeah!! good job fxprimus team!!

read here



ive been trading fxprimus for avout 2.5 years without any problem..

my performance:
1. currently ranked #1 at tradeo


2. ranked #7 in the previous fxprimus contest worldwide

Just wonder how BNM would clear it up for fx trading since fx trading is not permitted right?

Congratulations!...

This post has been edited by Shah.Legno: Dec 12 2012, 01:09 PM

Do you actually read our post? FX is permitted outside of this country which is what 100% of us are doing. We do not trade with any local company. Please understand what is legal and what is illegal. The trading of FX is always legal. It is not illegal like trading drugs. The only thing that is illegal is the LOCAL COMPANY that takes deposit/investment to trade FX for you on your behalf. That company is then illegal as it does not have the license to accept money from you. That company will then end up on BNM's blacklist.

FXPrimus, like all the other proper brokers who understand our law (ehem.. except a few which is stupid enough to open offices in Malaysia), does not have an office or presence in Malaysia therefore they are not doing anything illegal in Malaysia. Trading FX (or NYSE or commodities or options, etc etc) outside of Malaysia is NOT illegal.

I see. Thx

thanks mate..

wow on spot gold price like a roller coaster.

lost lost lost!!! EUR/USD keep on raise!! T.T

Still shorting euro?