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Investment Forex Version 21, Foreign Exchange Market Discussion

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MUM
post Nov 8 2021, 09:25 AM

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Just a note, octafx
Is listed in
Post 1 of this thread
https://forum.lowyat.net/topic/3774126

Under List of SCAM Forex Firms/Brokers !Alert!
(listing number 50)
MUM
post Nov 9 2021, 06:19 PM

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QUOTE(sabelt @ Nov 9 2021, 05:41 PM)
Hi does anyone here are trading full time, profitable and submitted your income to LHDN? If yes using Personal Account or Company Account?

Most I've seen traders don't last long more than 2 years.

Asking here incase need to look for proper channel and to apply bank loan in the future in legit way. But of course BNM doesn't recognize offshore currency trading.

There are so many grey areas especially in the industry need to know if there are any work around to access this situation.

Thanks
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while waiting for responses, you can try check out post 1 of this thread
i think some info related to your query can be found at that thread

Full Time Stock Trader - Tax info, Advise from a tax lawyer friend
https://forum.lowyat.net/topic/5102221
MUM
post Dec 14 2021, 08:48 PM

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QUOTE(eddiewcs @ Dec 14 2021, 08:46 PM)
Hi, anyone use prop firm funded account trading forex? withdrawal got problem or not?
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i am naive or noob in this...

mind sharing what is "prop firm"?
property firm or proprietorship firm or ???
MUM
post Dec 18 2021, 09:14 PM

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QUOTE(ilovestitch @ Dec 18 2021, 07:50 PM)
i am thinking to open an offshore bank account (maybe from SG) , and put all my trading income to that account. do i need to pay tax doing it this way?
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I read in another thread,... "Open a bank a/c in singapore"... Mentioned,.... Yr a/c maybe closed by the bank if you use it for trading....
If you bring back the profit to Malaysia next year,.. It will be taxed..
That info is also from another thread,
"Income Tax on Foreign Salary Income?, Work in Home in Malaysia."


This post has been edited by MUM: Dec 18 2021, 09:17 PM
MUM
post Mar 6 2022, 10:12 PM

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QUOTE(Alissa_1989 @ Mar 6 2022, 09:41 PM)
Do you know any reputative fx broker that allows local depo/withdrawal ?
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maybe can seek your answers in this thread?
as i think it is better to avoid getting scammed than having just FX broker that allows local depo/withdrawal..and many SIFUS lurks there.....

How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker
https://forum.lowyat.net/topic/3774126

This post has been edited by MUM: Mar 6 2022, 10:15 PM
MUM
post Mar 9 2022, 08:38 PM

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QUOTE(omron @ Mar 9 2022, 07:57 PM)
I want to copy some best trader as I'm lazy to setup EA.
Which want best , i dont like etoro as i do research it forbid in Malaysia
I see this compnay "aivia" is it okay?
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if i am you, if i am you,...
i would start doing research on entities that had been listed (as "Genuine") in page 1 before research on an unknown/not so popular company....

in page 1 of this existing thread....
How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker
https://forum.lowyat.net/topic/3774126
MUM
post Aug 12 2022, 01:50 PM

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QUOTE(jack2 @ Aug 12 2022, 01:31 PM)
how to earn money from forex nowadays
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Just yesterday a forumer (ecntrader) posted his forex earning method at 6pm in
Post 259, page 13
At this thread
Do you all support Online Casino ? (Q&A)
https://forum.lowyat.net/topic/4350745/+240

Caveat emptor🙏🙏
MUM
post Dec 24 2022, 10:39 AM

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QUOTE(cmk96 @ Dec 24 2022, 10:35 AM)
Gained 8.75% this week. Want to know more. PM me.

[attachmentid=11361434]
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Just a note only....nothing serious from my side.
This can be deemed as a personal business "promotional" materials ...

MUM
post Dec 24 2022, 11:39 AM

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QUOTE(cmk96 @ Dec 24 2022, 11:09 AM)
Is it forbidden here? Didn't know that.
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i am not sure if this stated rules (see image) can be applied to your post.

self promotion = advertisement, unlicensed forex etc? if yes,...then buta buta kena 3 days immediate suspension

if yes,...
i think advertising is "allowed" in the Service Noticeboard section
Services Noticeboard
https://forum.lowyat.net/ServicesNoticeboard

Guides for Services Noticeboard Subforum, Read before you post!
https://forum.lowyat.net/topic/1141446

This post has been edited by MUM: Dec 24 2022, 11:44 AM


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MUM
post Dec 24 2022, 11:54 AM

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QUOTE(cmk96 @ Dec 24 2022, 11:48 AM)
Seen this before when i first posted in forex tread in 2008.  biggrin.gif  biggrin.gif

Good efford of you to find this again.
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wow,...since 2008,...that is 14 yrs ago.

just asking,... will posting like yours break any of those rules or the moderator "close abit of eyes" on something like that in this FBIH forum?
MUM
post Dec 24 2022, 12:08 PM

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QUOTE(cmk96 @ Dec 24 2022, 12:00 PM)
you can track back those forex v4 tread....

In my opinion, this forex tread is a bit unpopular... sometimes no one post anything for a month.

Not like your Triumphfx tread... so active.

So, i just post something to bump up this tread.... hehe...

Can ignore my post if not interested.  biggrin.gif  biggrin.gif
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bump up this thread with something that "breaks" the "rules" of this forum? (not sure if your did break the house rules or not)

yes, i will ignore your postings as i am not interested if it breaks rules or not...just hope the moderators are of the same mind as mine too.
i am posting to tell you of possible suspension if it did breaks.

anyway, you can keep on postings those similar postings...until they say tell you to stop..

MUM
post Dec 24 2022, 12:21 PM

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QUOTE(cmk96 @ Dec 24 2022, 12:11 PM)
You should apply to be moderator. Since you are so free to check this tread. There are many other treads in lowyat forum.  biggrin.gif  biggrin.gif
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no lah,..if i am a moderator,...then, you will sure the 1st to kena suspended and "banned" later too.
biggrin.gif brows.gif devil.gif

anyway,...good luck in your quest to seek for more people to PM you on your "business/investment" sharing.

This post has been edited by MUM: Dec 24 2022, 12:21 PM
MUM
post Dec 24 2022, 01:46 PM

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QUOTE(BrightDays @ Dec 24 2022, 01:41 PM)
Guys, any trustable platform // app for FOREX and US Stock Trading? TIA
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If you trusted spore regulators, ...try spore approved entities
MUM
post Dec 24 2022, 02:43 PM

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QUOTE(rachel9966 @ Dec 24 2022, 02:38 PM)
Uncle, why come here to post? to get more post count? Post something about your trade like cmk96 la. I see you like to comment just for the sake of post count. No invest in Triumphfx, but post so much in that tread.
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Something like that no need to do copy trade one lah
. Just put in 1k usd and they can trade for you...every 5 weeks can get 6-8%
No need to think how to trade ..
No need to follow those posted here...at least tfxi has regulatory licenses.

Yes, for post count, .so what?. .are you not happy that I got post coun

This post has been edited by MUM: Dec 24 2022, 02:45 PM
MUM
post Dec 24 2022, 07:00 PM

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QUOTE(sleepwalker @ Dec 24 2022, 06:46 PM)
If he is not soliciting for money, it is not against the rules. Anyone who trades forex knows what a Copy Trading is. I'm sure even if he is not asking people to PM him, anyone who is interested would already done so since there is no restriction to PM him directly. Some traders are keen on copy trading and if it is offered for free and consistent without cost, why not. The world needs more free things.
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Thanks for clearing the air. thumbup.gif

cmk96, yeah, hope you take note of this above post...
Feel free to continue to seek for pm.

My guess and assumption are wrong.
Your post did not break any rules as stated in my earlier image abt fbih rules.
Sorry abt that.

This post has been edited by MUM: Dec 24 2022, 07:02 PM
MUM
post Jan 20 2025, 12:35 PM

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QUOTE(joblessman @ Jan 20 2025, 12:25 PM)
Hello, I'd like to ask for some advise.

I'm currently profiting from Forex. I'm currently using LD to withdraw my earnings. Since I was told I am able to withdraw to company bank account / Sole Proprietor.

My question is can I withdraw it, and release the funds sort of like a salary to me, while also increasing my contribution to EPF?

1. I can do self contribution on my own, but I'd like to have the newly set up company pay to EPF for me as well to increase my contribution.

2. I am currently employed as well. so I am not sure what are the procedure. I know I can easily set up a new company with SSM and bank account.

Thank you.
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Not a qualified tax comment,
Just kay poh while waiting for real value added response from tax sifus.

If money goes into your company account, .... when kena audit, may hv to justify for what the fund are pay for. Why there are influx of fund without any sales.

Also regarding kwsp contribution for sole proprietor
https://www.yycadvisors.com/sole-proprietor...20tax%20savings!




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MUM
post Jan 23 2025, 05:04 PM

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QUOTE(joblessman @ Jan 23 2025, 04:57 PM)
I'm not so concern about the tax part. I'll happily pay my part of the tax if required, I just want to maximise my EPF contribution. From what I know, maximum self-contribution is 100k / year. I'm not sure if the employer deduction is counted into the 100k/year or not. Just planning for the future.

rclxms.gif  rclxms.gif
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I think, just think,

If there are money from overseas being chanelled or in process of channeling into your business account without any documented sales or services activities, ...that issue should be more concern than your income tax.

This post has been edited by MUM: Jan 23 2025, 06:38 PM
MUM
post Jan 23 2025, 08:58 PM

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QUOTE(dwRK @ Jan 23 2025, 08:51 PM)
no issue... got account statements from broker...
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To his company business account instead of his personal account?

 

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