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Forex Version 19, Foreign Exchange Market Discussion
Forex Version 19, Foreign Exchange Market Discussion
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Dec 6 2016, 10:19 AM
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#1
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
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Dec 7 2016, 06:01 PM
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#2
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
simple... open acc with brokers which provides debit cards. 0 transaction fee. Withdraw from anywhere in the world. OR most brokers accept Neteller . Open acc n apply for Neteller debit card. Neteller somehow charging $25 usd for debit card.
This way u can avoid being observed by BNM Im using both XM n Neteller. No hassle.. instant withdrawals. Just some charges when u withdraw cash from ATM.. But its still lower thn those processing fees n charges. Recently i was asked by BNM to provide some proves where the fund came from. Withdrew $7.5k a week . I had to withdraw at that time coz i was closing an existing broker acc. This post has been edited by 4lenAngel: Dec 7 2016, 06:08 PM |
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Dec 7 2016, 06:40 PM
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#3
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
Nope
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Dec 7 2016, 06:41 PM
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#4
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
The withdrawal i requested was wire transfered to my cimb acc. Thats why they asked me to provide some supporting papers before they release it.
But before that im using Neteller.. i had no problem at all. This post has been edited by 4lenAngel: Dec 7 2016, 06:41 PM |
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Dec 7 2016, 06:54 PM
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#5
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
QUOTE(sharpshooter85 @ Dec 7 2016, 06:41 PM) Guys, quite a bad news for traders here. CySEC and FCA are proposing to cap leverage at 1:50 for forex brokers under their regulation. This is similar move which has been done by NFA to US forex brokers. wow u must've had good money management More details on this matter: FCA to cap leverage to 1:50 CySEC to cap leverage to 1:50 Not all ppl have big capital to start with and such moves will surely hurts them. With high leverage, they can increase capital from small deposit and a wise trader will decrease its leverage as his/her account grows. Even I myself started from USD100 and grow it till USD5000 with high leverage and now I trade with 1:200 max. The big deal is, we still have ASIC and other (belize, republic of vanuatu etc regulated) broker left (but I prefer ASIC regulated broker though) I started mine with 300 blew it the 1st time.. hahahaa N now after few years.. im sure 100 is still ok to grow it This post has been edited by 4lenAngel: Dec 7 2016, 06:56 PM |
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Dec 7 2016, 07:04 PM
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#6
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
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Dec 8 2016, 01:21 PM
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#7
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
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Dec 8 2016, 01:32 PM
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#8
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
QUOTE(microsun2000 @ Dec 7 2016, 10:59 PM) Usually i use my trading view and draw my own supply n demand. But yeah shved S&D helps And S&D is not the only Indication i use for entry. |
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Dec 8 2016, 01:36 PM
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#9
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
QUOTE(cmk96 @ Dec 7 2016, 10:34 PM) Your info is abit incorrect/outdated... Yes the neteller cant be used as for now... Ive been using the Neteller for almost 2 years now. But that was the option i was using previously. But from wht i get to know from the support team from Neteller.. there will be a new card. Either true or not we'll know soon enough. It has something to do MYR or for some the pin issue. But u can always request NEtteller to send u a cheque, SO it will be another way to cash out.1) Neteller no longer support its debit card withdrawal in Malaysia since 25/11/2016. [attachmentid=8227189] 2) XM debit card do charge a 2% fee per withdrawal (max RM3k per withdrawal at M'sia atm, 2% is RM60 withdrawal fee). I used them before, the exchange rate was horrible too. [attachmentid=8227190] Now i use local depositor and wire transfer. Much less hassle and cheaper. And as for XM... I did said tht there are abit of Withdrawal charges from local atms for withdrawals.. but not so expensive like withdrwal fees charges which was charged directly from brokers.. and theres also some fees charged by our bank itself. Not to mention the gst . The wire transfers are what alerted the BNM to show my proofs..sigh. This post has been edited by 4lenAngel: Dec 8 2016, 01:45 PM |
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Dec 9 2016, 02:28 PM
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#10
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Junior Member
280 posts Joined: Apr 2008 From: Somewhere where Only I belong. Only ME! |
QUOTE(lowya @ Dec 9 2016, 11:51 AM) suppose your account in USD, each time u pay for something in RM using the debit card, you have to pay for the conversion rates right? https://www.neteller.com/en/feesand how much is the charges to do ATM withdrawal? Neteller $25 is it annual fee or one time only? THE $25 is only 1 time handling fee. no annual fees. Apparently there have been some changes bout the withdrawal fees... need top update about these fees. Another cheaper way is Payoneer. Is there any1 using payoneer here? This post has been edited by 4lenAngel: Dec 9 2016, 02:43 PM |
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