One of my friends, withdrawing everyday. U will have problem soon. BNM will call u. Just wait... Confirm 100%

Then pls make sure your broker provide all the forex statement. Else u will be in deep trouble. Assets got frozen not funny.

In that case if i am able to provide monthly forex statement they are good with it? Your friend got no issue with them saying is forex trading income?

Yes, you are correct. As long not money laundering, is like online gambling. They are illegal in Malaysia but still legal in oversea. So if your source of money is proven. Then you are fine.

What BNM is concerned most is money laundering.

Hi guys, been awhile since I last posted here. So big hoo-haa going on with grexit seemingly eminent. Anyone going to short eurusd from tomorrow?

Good week ahead. Woke up by then Euro drama finally end. Impressive drop.

fkin big drop, worth the wait

100pips only la. Hopefully keep going down...

I am with FXCM. No problem withdrawing US$20K+ fund back into my saving account.

South to go

When was it? Before 1MDB case or after?

Down sumore.. Waiting significant drop from Euro

Just out of curiosity, since forex money is from overseas, it cannot be taxed by malaysian IRB right? So you guys declare income tax in the country the exchange is based?

How you guys apply loan to buy house like that?

Then if bank negara come find you, you provide proof that you are getting money from forex, they leave you alone despite it is illegal in Malaysia?

Sorry for long question.

Hi all,

Need help from all experience trader base in Malaysia. Which broker provides the most convenient way of deposit and withdrawal with low transaction fees?

1. The tax already covered by broker itself. So whatever u get is legal in their end. Something like Bursa Malaysia, you profit from share market and u can withdraw no problem. Even if u earn 100k in few days, you no need to declare tax, because the broker already cover for you. You just need to provide the statement when BNM come and find you.

2. Apply loan? Forex trader all buy cash lor. Hahaha joking aside. As long you proven track record for 3 years or continuously pay for income tax, you can declare and get a loan for that or else just fix deposit? Depends how is your credit record.

3. You are investing not gambling. Even is online gambling, they don't care. They just care MYR outflow to other country and some sort of money laundering. As long got PROOF OF INCOME. This is important. Else all your cash will be frozen by BNM.

I'm using xm.com. Refer to my signature.

Easy deposit and withdrawal. No transactions fees required. All are FOC for deposit and withdrawal.

So is it taxable by malaysian law whatever you gain from forex or it is tax free?

Tax free. Income tax just pay for your convenient in the future for your credit status. No proven credit record hard, unless u willing to buy everything by cash.

Anything happened that caused the big price gap between today and last Friday? Was quite shock to see the gap today.

Greece drama lo. Last week projected plan rejected ma. So drop