If you found a forex broker in Malaysia, then your money depositing will be more risky. Because unreliable broker without any regulation. I believe US gov is doing better in controlling all forex broker, so i'll still choose broker from US but recently can't do hedging for US broker under NFA, the 2nd choice is the broker from UK which regulated under FSA which can do hedging. I'm currently IBFX user, on testing Alpari UK broker.

This post has been edited by rstusa: Jun 16 2009, 08:30 PM

They don't have MT4.

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Added on June 18, 2009, 9:07 amWhat you mean practise discrimination?

This post has been edited by rstusa: Jun 18 2009, 09:07 AM

GJ maybe will say bye bye to 155.

Today i saw an advertisment on newspaper regarding forex broker in Malaysia. The company called SuperFrx Sdn Bhd, website: http://www.superfx.net/ . I thought BNM haven't approve forex broker based in Malaysia but this company even got their own MT4 platform named MetaTrader-SUPERfx, got company address too. It doesn't tell got any partnership with other broker oversea, looks like it created themselve. Pls check it out and give some comments, thanx!

As i know the expo in KLCC all the brokers there are not regulated in Malaysia, so they're allowed.

I don't think a 3k waitress can get a BMW 3 series in US. Because other expenses already very high especially rental that most likely over usd1000/room if you're in New York. And don't forget their income tax is between 35%-50%.

Their hobby and one of their business model to build reputation and advertise to public to get famous of their products and of course their own.

I also want to know more about that. What i know is first setup a company in malaysia then review your income from forex into the company profit & loss. I need to know more.

Barclay's Forex Trader March 2009 Performance


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Anyone here got idea with http://www.ninjatrader.com/webnew/ActiveTrader.htm ?

We all knew who are you, your signature there told us.

Actually no matter which bank you using, you still can transfer to any borkers, it is called Telegrahic Transfer. If you don't care the regulation, just want to experience real live trading, then i suggest you invest the money you can afford to lose.

You can try actionforex.com

This post has been edited by rstusa: Jun 29 2009, 11:09 AM

You can try ibfx.com, it provide the service that you need, that's my experience below:-

1. Easy to transfer/ deposit/ withdraw $$.
a) Transfer funds to other broker within 24hours
b) Deposit within 24hours
c) Withdrawal within 48hours

2. Good customer service.
a) 24hours support with fast response.

3. Low spreads.
a) 2-4pips spread for major pairs, the spreads are very stable all the time excluded news time. Leverage up to 400:1

4. Regulated company (if it is, better)
a) NFA, FCM, CFTC

5. Micro account (trade 0.01 lot)
a) Pls note, some broker allow you to trade 0.01lot, but it is belongs to micro lot size which is $0.10/pip, but IBFX provide nano lot size which is $0.01/pip while you can trade smaller.

Just take a try on their demo and experience it.

You just need to choose this 3. Mini Account (400:1 leverage). Then you can trade 1.00 lot for mini, 0.10 lot for micro & 0.01 lot for nano.

If you want to sell then you need to clear all buy trades included pending order.

God, no stop loss and take profit, how to trade? Can you send me the link of NFA regarding this info?

For the new FIFO rule created by NFA, it had made some changes to our trading, actually is good for us to prevent losses or margin call. Here the changes that affected:-

1) If apply FIFO: You need to close the 1st trade before you can close the 2nd trade, but you still can open the same lot size for the same pair. Only can create S/L & T/P for the 1st trade.

2) If without FIFO: You can't open the same lot size for the same pair and you need to open different lot size for them, Eg: 1.00 lot for 1st pair and 1.01 lot for 2nd pair.

Do you want to know why the NFA is enforcing this rule?
It's supposed to be a protective rule to prevent you from incurring major losses on a set of losing trades. If you didn't close the first opened first hoping the market would retrace to either minimize your losses or potentially achieve a small profit, the NFA feels that too often the market does not retrace to just compound your losses further until you hit margin calls. I think the NFA created the exception for different lot sizes to rule more with a velvet glove than an iron fist because it gives traders some flexibility and keeps a balance between protective vs. controlling for the new rule.

For more info, please visit http://www.nfa.futures.org/news/newsNotice...?ArticleID=2273

This post has been edited by rstusa: Jul 3 2009, 10:38 AM

NFA new FIFO rule for all brokers are same. As i know if you open the 1st & 2nd trades with same lot size, then you can't create S/L & T/P for 2nd trade, unless you use different lot size for both trades.

I hope so but i can't find any broker provide nano lot size which is $100 contract size ($0.01/pip) because i currently trading for nano lot size in IBFX, heard that currently worldwide only IBFX & Oanda available.

Oanda still under NFA right? Well, i'll take a try on it.