And how do you think the IB's transfer money to the broker? The same way you are going to do it if you didn't use the IB. Think of IBs as nothing more than your upline in multi level marketing where they help and support you when you first start. They are not part of the broker.

I m using citi and fxprimus

Fxprimus.. just use payoneer..

If IRB come check... u have trading transaction and redrawal history to show income from oversea..

BNM come..u can show them as well..for deposits as capital from your own money.. no moneylaundering..

Any above RM200,000 redrawal, please declare to BNM.... no issue...

as long u dun buy 1shot on proprety.. then u mafan abit.. but still no problem..

u can buy 1 car RM 200,000 but just loan RM 50,000 from bank... pay RM 150,000 in cash

Have you seen the spread imposed by the IBs? If you are transferring as little as USD1000, it is cheaper to go through wire than using IB.

Bonus never come as real cash in the beginning until u trade to certain lots in certain time.

Bonus added to you will be in form of added margin or equity,..This allows your account margin become bigger and you can trade higher rate or more positions..

Frozen account can be due to suspicious deposits..

Inland Revenue Board = IRB = Income tax.. check your revenue undeclared

Bank Negara Malaysia = BNM = deposit & redrawal ... Check whether your deposits and redrawal is legal or not..

BNM checks whether u put 10 million into forex brokers but no trading.. later redraw and say u profit in forex.. so this is illegal and can be frozen..

so u mean there's no danger at all if we deposit and withdraw directly with brokers? BNM wouldn't care as long it isn't 200k withdrawal?

can i join your group and subscribe to your signals?

ic .. no; haven't seen or heard about spread by IB



do u guys all declare the profit from forex into income tax ? sorry it might be a stupid question but i've been wondering for a while..





This post has been edited by Life_House: Jan 27 2015, 04:47 PM

When I said spread, I mean they their exchange rate (aka spread) his higher than the banks. For example if the bank rate now is 3.7, they might charge 3.8 per USD, that's RM0.10 more per USD. If you transfer USD1000, that's RM100 difference and more than the bank would charge you for wire transfer. You get what I mean now?

Exchange Rate = Spread ??

And when you withdraw they'd charge you 3.6 per usd, so overall their spread is higher. I was referring to both ends of the exchange rate.. aka the difference.. aka.. their spread which is much bigger.

I know what a spread is and it is used in this context to also highlight the bigger difference in buy/sell that the IB will charge you.

owh...but the IB my friend intro me charges 3.6 for deposit and 3.2 for withdrawal

bro9king use citifx,mind sharing whats the channel to open account

That was most probably last month before the USD skyrocket and the ringgit fell. Some IBs have revised to 3.85/3.65 for this month. Your friends IB with a 40 cents spread is a rip-off. IB's will never charge you a lower exchange rate than current bank rates because they need to transfer your money over to the broker too.

Well. It depends. FXprimus IB rate is based on daily basis of Maybank Rate.

how u know i got signal?

pm me

no minimum 50,000usd.. tak payah cakap with them...

got 10,000.. but they wont have good support... they lazy support small account


even 50000usd oso they take few days to come back to u..

go through only singapore account.

spread over 50kUSD is consider ok.. if not better choose smaller broker..

no few million account... u r consider small for them..

citi bank do more on institutional and fund managers..

Fxprimus does more on Asia and retail traders

can i join too?

pm me

real name, phone number n location

can anyone tell me...

how u scalp, hedge, intraday, swing...?

when its the right time to enter and exit?

how you overcome G.O.D?