Hi all.. if a broker has been around more than 5 or 6 years, with stable server and mt4 system, majority clients have not much big issues with it, majority happily done every withdrawal, got segregation of client funds, good customer support, just that the subsidiary of the broker under Vanuatu regulations, and they provide local deposit and withdrawal too...

Is the Vanuatu regulation thing still really an issue ?





This post has been edited by Life_House: Sep 11 2017, 04:21 PM

Hi all.. if a broker has been around more than 5 or 6 years, with stable server and mt4 system, majority clients have not much big issues with it, majority happily done every withdrawal, got segregation of client funds, good customer support, just that the subsidiary of the broker under Vanuatu regulations, and they provide local deposit and withdrawal too...

Is the Vanuatu regulation thing still really an issue ?

Thx.

hi.. would u mind shed some light,
if the Hq broker has cysec regulations, and its subsidiary has vanuatu,
How is the possibility for the broker run away ?

I get it now. Seems like the regulation license should not be the only consideration...

Many thanks to all sifus' advice.

Many thx for the advice

Hi

I read that retail forex trading has become legal recently in this year 2017.

Where are the sources to chk if a broker is also listed in the approved list of the retail forex brokers by BNM and Security Commission ?

I tried to dig from bnm website but can't locate it.

The links that mentioned about latest states of Malaysia forex scenes, i actually just happened to come across, when i was doing some research on brokers.

http://www.topratedfxbrokers.com/malaysia

https://forex-malaysia.my/is-forex-trading-legal-in-malaysia

Not sure if anyone else here could shed some light ?
Thx.

It's a really, really worth 2 days workshop.
Both sifus share the best of their best knowledge and skills.
Most important, both of them share from their heart.

Btw khalid was the ex-currency analyst in one of the international bank in Malaysia. He and the other sifu for this workshop both have 10 years solid fx experience .

i didn't join that one

Some of our sifu2 here shared that, there's an alternative to withdraw...

Set up a few different bank acc. Every time withdrawal to separate acc, with each acc no more than Rm 20k per transaction.

Wow .. the limit get stringent again..
Thx a lot for the update..

So how do u guys withdraw very large sum of profit which exceed like Rm 100k or above ?

Have u tried sending thru Western Union ?
Can be done at pos Malaysia outlets. Fast and relatively much secure than TT.

Not necessarily to have a western union acc.
Can be done in pos Malaysia or banks that are appointed WU medium. If doing by offline, it's to fill up a form with recipient and sender details.

There will be some charges for send transaction. Example for sending usd 500 will incur transaction charges about Rm 180 ~ 200, depending on latest currency exhange rate.

Usually if no issues can reach in a few hours to 24 hrs.
After send payment, call WU customer careline to track the transaction make sure it's arrived at recipient country ready for pickup.

The recipient must show their valid ID or passport for successful pickup.


Western Union has been used worldwide for quite long. It doesn't involve ewallet.



This post has been edited by Life_House: Oct 27 2017, 10:55 PM

That's very true. The main concern of TT is the high risk of the sent fund getting hacked in the middle of transaction.
Thus those good trading manager would advise their clients never use TT.

You are right that the trading strategy depends on an individual trading personality.
There's no single trading strategy that's 100% loss proof.
But there are strategy that suit a person's own pattern.

I heard a forex guru once said that, "trading strategy" in fact is the accumulated *understanding* of an individual's consistent learning and practice, over time.

I guess if you work out on trading psychology a bit more, which is to let your mind stay calm and unshakable as much as possible regardless up or down,
got a good daily trading plan, act with cautious,
and more backtest on the one strategy you are using, you could be getting improved results.

: )