terima kasih tuan.. ada masa blh boleh berdagang secara langsung berjemaah

Guys, need advice, noob question here...

it is possible to transfer money to my Maybank ATM Visa Debit card?

You mean withdraw the profit to your bank account?

Hi,

Anyone looking for FX trade management service ? The strategy is just aiming for 5-15% monthly return.

Please PM for more details / discussion.

This post has been edited by hft: Aug 10 2018, 03:35 PM

Hi, could you PM me with the details. Thanks.

Yes. Just transfer to the account number.

This post has been edited by duplicated: Aug 10 2018, 09:48 PM

anyone here dong Copy Trade service?
or can recommend a good & trusted trader?

thanks

Since fx trading is illegal in Malaysia,I have maybank Singapore bank account which I use to deposit and transfer fund because fx trading is legal in Singapore.my question is can maybank Malaysia freeze my maybank Singapore account if they found out I am trading fx?

i using myfxbook

Unlikely, Maybank SG is under the jurisdiction of MAS (Monetary Authority of Singapore), not under BNM.

u can choose other method if want lower rate. but my opinion, it's good to have high rate.

For example, depo USD 1000. End of month, profit USD 10k. So, total profit RM 43k. If use normal rate (normal +- 4), total profit only RM 40k.

So all of you have SG account to transfer in out money on fx trading?

Always park the money overseas because forex is illegal in Malaysia. We have to pressure the government to legalise it.
If you insist of wanting to bring the money back, you know what to do.

This post has been edited by duplicated: Aug 17 2018, 12:38 AM

Can teach more how to bring back?I am not up to that level but hopefully can get some insight from u?Please teach

The basic principle is:
Your bank should not see an incoming transfer coming directly from a bank account belonging to a forex broker.

You can bring it back indirectly by going through a third party. This third party can be your personal account oversea or a legal/reputable remittance service provider. I would not use the service of local depositor of any broker.

Just my thoughts.

You are running into a risk to explain where your money come from.... let say u hv money coming in usd1000 into your msia account from spore.

Its just the same as using local depositor. No difference.

Bring cash is the easiest way?

Btw when they asked to explain where this money come from,does it matter as fx trading is legal in Singapore.this is a legal sourse of investment income .Does it mean when the source of income is legal in a country,when transfer back it will become illegal as well?

yup, based on current exchange still profitable but provided one time deposit but multiple withdrawal laa... hahahahahaha

There are so many ways to 'cuci' the money.

1. Create a stock broking acount in Singapore. Send all your money to that account then remit the money back through the stock broking company. If BNM asks you, you can say profit from shares trading. Just hope that they won't ask for your statement.

2. Send the money from your overseas account to your friend or relatives overseas account. Then ask him to send to your Malaysian account as 'Gift'. Don't put 'Donation' please.

There are many more efficient ways but it is only worth it when you have a large sum of money.

This post has been edited by duplicated: Aug 19 2018, 09:12 PM

gift exchange is not taxable?