Hi all,

I want to ask regarding withdrawing profits from broker to malaysian bank. I am using Fxpro and RHB. Tried repatriating funds back to my RHB but was told it got rejected as their system cannot input the sender ( Fxpro ) .

Any Fxpro user and RHB customers here that can kindly help shed some light on this matter ? I would like to know if there is away to get it through RHB or other alternative methods .

Thanks

Hi, just wondering has anyone done withdrawal from foreign banks before? like hsbc, citi , scb ?

Like building a house, u will need to set the foundation, i.e to seek knowledge . Knowledge is not sufficient, you will then need experience , you will need at least 10k hours ( looking at price action, charts , trade etc ). Overtime, its the wisdom that u gain from the composite of the former 2 that will make you proficient to ''survive'' and grow substantially , sustainable.

If you are using traditional candlestick chart, perhaps you can start of with reading Steve Nisson's Japanese Candlestick Charting Technique. There are many other books such as Harmonic trading , Attacking Currency Trends etc.

You might also want to look up in youtube for podcast, traders that trades on live streams, and forums where veterans that are willing to share and discuss trading methodologies, ideas etc ( u need discernment to see if they are the ''real deal'' ) .To name afew, google vinny e mini ( futures trading) , chat with trader ,the fundamentals of trading.

Be resourceful and proactive. Otherwise, if your lucky get urself a mentor that is the real deal.

This post has been edited by Sseg: Jul 29 2017, 04:15 AM

Anyone used mastercard offered by fx brokers for withdrawals? Brokers e.g Roboforex, Hotforex, Fxpig offer it. Reviews are appreciated. Thanks in advance

Hahaha nice , well we get what we pay for. Yea considering brokers with mastercard, pay for convenience rather than ding dong bell everywhere

Anyone using Pepperstone done withdrawal using traditional bank withdrawal with local majors recently ? seen previous posts have no problem, status quo ?

This post has been edited by Sseg: Aug 23 2017, 10:05 PM

Thanks for your input. Isnt small withdrawal more costly with banking charges? and have you tried doing bigger amount?

I am aware that there are alternative transaction method to and fro with brokers. However, for those who are using withdrawal through means of bank transfer, this link might be of your concern

http://www.thestar.com.my/business/busines...rds-by-october/

with the new governor in office, there is a growing trend of enhance controls implemention in place like the Fea ( in part to contain MYR weakness ). I think the local retail trading community must not be complacent with current status quo of deposit/withdrawal methods as who knows they might ''block'' the ''alternative'' avenues for that purpose.

Hey oanda users, nice to see a few of you using the broker. Could I know hows the spread like ? Heard from the american counterpart that oanda is a kin to fxcm, not sure what he meant. Are the spreads ok ( e.g during economic data release such as nfp ? )

and do you guys withdraw using bank transfer or e exchanger ?

Thanks in advance

This post has been edited by Sseg: Sep 10 2017, 02:45 AM

Thanks Mnet for your inputs.

On another note, here's a link to RCFX , another one bites the dust ?

https://www.nst.com.my/news/crime-courts/20...ter-failing-get

I really wonder under what kind of business model does such unlicence fx trading company operate in. Most seem to emerged wrecked within a lapse of time. Were they genuinely trading in the red that they couldnt contain the rot or were they merely selling an idea of trading to its audience because that will change the notion of it being a scam or sh!t just hit the fan.

Anyhow, such news does not do justice to retail trading. Trading =/= investing. Trading uses leverage unlike investment. Similarly, IMO investing in funds that do trading defers from investing with investment funds. It gives it a bad rap for scams , get rich schemes , living on the fast lane popping champagne and supermodels when trading revolves alot of time, knowledge, experience to be successful and consistent.

This post has been edited by Sseg: Sep 11 2017, 02:43 AM