forex trading in malaysia is not illegal, however it is only applicable to banks and licensed money changer. however, another type of forex 'trading' which is the speculation on forex is illegal in malaysia. therefore you can not see any FOREX broker in malaysia like what u see in aus or singapore where everyday we can trade or gamble those that you are seeing in malaysia are all operate overseas, they are agent of these overseas operated website... just like online gambling, its illegal in malaysia but they have agents or ad in malaysia to 'introduce' you these online gambling website.

This post has been edited by klthor: Mar 10 2016, 05:38 PM

since its operation is located outside malaysia, if you got scam by these website you are unable to sue them in malaysia or ask help from BNM.

Had a couple of failed CC via maybank so decided not to use it anymore. Also curious how can you receive 63k tt without query from maybank. I have a couple of friends who got call directly from maybank if the TT amount is too high. These days anti money laundering policy is tight. Better becareful cause BNM and LHDN have access to all historical bank transactions.


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however, if you make any profit and would like to withdraw the amount, will BNM come and find you?

Depends on amount and luck. BNM monitors on Banks and the Banks monitor on you. Maybe you can try AMbank becoz some1 gets tru with Ambank 700mil USD aka 2.6bil RM.

This post has been edited by klthor: Mar 14 2016, 12:54 PM

Which broker u use? I'm using XM (trading Point Financial Instrument)... TT for deposit and withdrawal so far no issue. No single call from Maybank.

I notice u use Skrill... i use it too... can withdraw to Maybank too... no hassle transaction. Maybe i try use your broker and see... Give me the broker name.



This post has been edited by cmk96: Dec 22 2016, 11:10 PM

I'm using Fxprimus...Yes using Skrill now.. middleman between brokers and banks.. works like a charm.

This post has been edited by ninjawin: Mar 14 2016, 03:45 PM

anyone can declare they earn a million bucks, but can you prove it via tax filing? do show your lhdn borang
a reminder, it is a federal offense punishable by jail if you do not pay your taxes in malaysia

also u cant do transfers over 10k without inquiry from the bank. u can check with any banks in malaysia, local or foreign.

banks in eu is worst, more regulations

This post has been edited by gamestotal: Mar 14 2016, 03:49 PM

There u go... issue solved... just use Skrill... no need take number at the bank to do wire transfer.

ok ok... no one forced you to believe.. pls do not trade forex....coz u duno how to file tax.... LHDN will lokap u... sound like scary movie.

especially now a days, ldhn very very active at catching people who either dont declare or under declare.

It's not illegal to sell a forex trading book

This.. if the forex broker suddenly disappears.. there's nothing you can do.

Every bank is different...

i check my money in already
the description says auto pay @_@
i asked google it says somthing like your salary lol
AUTOPAY CR
DC RF 21 DEC
CIMB BANK BERHAD - C
Transfer from CIMB