Tag Archives | Forex Malaysia

Forex Trading in Malaysia

The Star Newspaper has recently written an article about Forex trading in Malaysia titled Risk or Opportunity. You can check out the article here. What I find interesting is The Star cited Yeo Chin Tiong, Head of Financial Markets for Alliance Bank Malaysia Bhd as saying

“Bank Negara has liberalised many of its policies, including allowing individuals to open foreign currency accounts (even joint accounts) with any authorised bank.”

I’m not sure if I read correctly.

Bank Negara allows individuals to open Forex accounts with authorised banks. So all these while, Forex is legal in Malaysia. I wonder what was the fuss about way back about Forex Trading being banned and so on.

Apparently,  Alliance bank is also offering Forex Trading services to individual traders as cited here

“Two foreign currency-related products offered by Alliance are the (single) foreign currency account, and the dual-currency investment (DCI). Minimum investment for the foreign currency account is 5,000 (of the foreign currency, for example US$5,000). The DCI, however, requires a minimum investment of RM250,000 for individuals with nett assets below RM3mil. For individuals with net assets exceeding RM3mil, they can invest any amount in the DCI.”

So Malaysians, there you have it. A proof that Forex is legal. You don’t need to trade in the dark and watch your back afraid that you might get caught by the cops or the local financial authorities. Just make sure you do things in a law abiding manner and if you do profit, don’t forget to pay your taxes.

Look, Bank Negara Malaysia is not quite bad actually. They don’t play good cop bad cop anymore. Check out the video below. It’s propaganda but I believe very effective at convincing the public about the importance of monitoring and check and balance:

 

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FxPRIMUS is The New Forex Broker in Town

How are you doing friends? Thanks for visiting this blog. It is really a pleasure to have you come by and read what I have to say.

The key to your success in Forex Trading relies a lot on the selection of the right forex broker. If you do this wrong, you will waste time, effort an money and probably will need to start from scratch. I am writing this blog post to inform you that it shouldn’t be that way. You don’t need to go through all those trial and errors for years and after learning your lesson, you finally get it. NO!

I am giving you a shortcut..A shortcut to success that will cut years of trials and errors, years of learning.

That shortcut is FxPRIMUS..

What is FxPRIMUS?

Now, if you are familiar with the whole Forex scene in Malaysia, you will know of a few Forex Brokers dominating the scene. The best resource on Forex Brokers is Forex Broker Malaysia and Carigold.

The Forex scene in Malaysia has somewhat matured into its current state. It used to be that there are tons of Forex Brokers plying their trade and trying to get customers in Malaysia. Some of which are purely scams.

This is not the case today. The consumers are more aware now. It is harder for scammers to cheat Malaysians out of their money and further, the Forex industry in Malaysia is dominated by these 3 major players, Instaforex, Easy-Forex and Trading-Point.

FxPRIMUS is a new player in the scene. It is backed up by a strong management team headed by Terry Thompson, the President of FxPRIMUS Ltd. If you check out their website, you will find that FxPRIMUS is quite transparent about their management team and their credentials. Scammers won’t do that. You can check their official website here.

That’s not the exciting part.

The most exciting thing about FxPRIMUS is that they place very high importance on fund security and protection. This is very important…Hear me when I say this..Fund protection is very important and crucial if you are thinking about investing with a Forex Broker.

Imagine putting in large amounts of money, 200 USD, 500 USD, 1000 USD or even 20,000 USD with an entity or company. You would want to be assured that your money are in safe hands. I would..

And if you have been trading Forex for quite some time, you will know that the industry is not actually that transparent about transactions involving money. Brokers always have a way to justify why you lost your money or hidden fees not stated in the contract when you signed up.

Forex Brokers are being unscrupulous but FxPRIMUS promises to be different!

FxPRIMUS places a guarantee that your funds are safe with them. Funds are independently administered into segregated accounts by Turnstone Group. No other Forex Brokers are doing this. They are the first in the Forex industry to do this!

Imagine going to that extent just to gain credibility in the eyes of their potential prospects. I applaud them for that. Really brilliant.

I have a few blog to posts to write about them and how you can gain by joining them but if you can’t wait, here’s their official website.

 

To your success,

Forex Trading Malaysia

 

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