Hi! 9kingsir,

If I may ask, is the declaration made to the bank or Bank Negara? Any special forms to fill?
Thanks.

first u need to go BN.. ask for an officer help.. say u wan make an official declaration withdrawal of more than RM 200k. then u given a form and u need write a letter of declaration.... if they ask u transaction.. then u submit together

You mean to say make an official declaration BEFORE withdrawal, and not AFTER? Any issue if we mentioned that the monies are from forex trading?
Thanks again.

anyone here using plus 500 ?
plus500 safe or not ?

USD to MYR just reached Ahmad Maslan's cgpa

I hope it will hit USD1/MYR5 by the middle of the next year

More MYR to spend locally

Bad us data ahead.

Mehhhh, only 38 pips on EA today
Fight again 2mr huatt arhhh


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opps didnt notice you wished me and i replied 1 day and few minutes after. hahaha

tqtq, had normal makan makan with my parents, my wife and baby boy and my in-laws

while makan makan, i keep on checking my phone every 10 minutes or so as i have pending order on both GU and EU. GU hit made a good scalping a good gain EU oso hit but with small losses, today ada gain in total. exceeded my target but had a lot of monitoring today dunno why itchy to monitor. usually i let it run and only login later at night while day time busy here and there

usdjpy

0.02 lot pending sell order 124.15 .
s/l = 124.30

tp1 = 124.05
tp2 = 123.65

let rollin the dice ..

u need have more than rm 200k redrawal then only u go declare.. lesser no need

careful on GA EA AU...

9Kingsir... are you managing fund?

what if withdraw 100k per 100k, if total withdraw more than 200k dont need declare right?

Hi Guys,

Since now Payoneer is no longer allowed in Malaysia. Just wanted to know how you all withdraw your fund out ? For Fxprimus. I am afraid that direct bank transfer from them will be blocked by my bank again =(.

Thanks.

Can someone suggest the best way to hedge against the Ringgit drop? The USD strength wont last for long. Soon the US Gov will intervene to lower the USD so changing now to the USD may not be wise. Im looking at Euro, AUD or SGD. Ive also looked at foreign currency FD's but rates are quite poor.

What do you suggest and how?

bro, payoneer no longer allowed in Malaysia? confirmed info?

Darn, i just withdraw about 500USD load into the card.

fxprimus account page has announced it in withdrawal page

can help to print screen that part as im now fxprimus client.

I have balance in my card too.. will go try if can withdraw out later..

They are unlikely to intervene as the USD is still the most sought after currency even with worldwide payment being done electronically. While we have a weak ringgit, the USD is not at a historical high against other major currencies. Most of the currency pairs like EUR/USD, AUD/USD, USD/JPY and GBY/JPY are all around halfway between highest and lowest ever. The US Dollar index against the basket of currencies is around 97. Historical low around 70 (2008) and high around 120 (2001). Even the dollar index is around halfway point between highest to lowest.

Most members here are spot traders and would seldom hedge since most trades are very short term reacting to recent news and events. And the funniest thing here is that almost all spot traders here are dealing only in USD with our brokers so the falling ringgit is actually beneficial to us. Not sure how we can help you here.