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Attachments: Help needed in OANDA + users from Malaysia
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Help needed in OANDA + users from Malaysia

  • Post #1
  • Quote
  • First Post: May 22, 2007 12:00pm May 22, 2007 12:00pm
Hi ,

i have been using IBFX for quite some time, and i'm quite annoy at the disconnect/on , unpaid swap, increase fee in depositing $$$

so i'm thinking of going to OANDA, the old + reputable broker,
the reasons, the SPREAD is very attractive,

but the problems is with the DEPOSIT/WITHDRWAL ,
seems like they don;t really support credit card option for Malaysian customer ,


anyone from Malaysia, has any experience with them ?


Thanks,
I do.

I just wire transfer the money to and from Oanda. You can do that at Maybank. That's the easiest way.
Quoting luqmanz
I do.

I just wire transfer the money to and from Oanda. You can do that at Maybank. That's the easiest way.
how much the total fee will be charge?
Quoting amenlo9
how much the total fee will be charge?
RM25 at Maybank + USD20 (deducted from your wired amount).
Quoting luqmanz
RM25 at Maybank + USD20 (deducted from your wired amount).

isn;t that alot ?
u do it online ?


no need authurization letter from BANK NEGARA(central bank) ??
Quoting paogeh
isn;t that alot ?
u do it online ?


no need authurization letter from BANK NEGARA(central bank) ??
Never tried online .. but it may work.

I don't know if thats cheap or expensive.
hi ... you could use fund your oanda account using your credit card via paypal. Do you have an paypal account ? It's easy safe and costs only 3.8% (or similar)...
regards from australia
thomas
i'm planning to fund around USD300++ , so 4% fee ==USD12 !!

that;s quite a bit .....


anyway, if i were to use WIRE tranfer, may be i'll wire up to USD1000....



Thanks for the advise..
i have onced used wire to fund my oanda account and I payed $38 fee!!! i prefer paypal .
good luck
thomas
Quoting toxinfre
i have onced used wire to fund my oanda account and I payed $38 fee!!! i prefer paypal .
good luck
thomas


PayPal may be good on very small amounts,.. but as your account grows, the paypal fees far exceed any wire cost.
Quoting toxinfre
i have onced used wire to fund my oanda account and I payed $38 fee!!! i prefer paypal .
good luck
thomas

wow! imagine if i wire USD300, i only get USD262 !!
Hi,

I from Malaysia too.
If u are ready to go into forex trading...go singapore and open a saving acc.
Cheaper t/t rate and faster to arrive.
Malaysia took 5 days to t/t.

But if your amount is small, use paypal....
Btw, i think ibfx now credit card only charge US20 fee.

thanks
Patience, let the market come to you!
Quoting dashisiong
Hi,

I from Malaysia too.
If u are ready to go into forex trading...go singapore and open a saving acc.
Cheaper t/t rate and faster to arrive.
Malaysia took 5 days to t/t.

But if your amount is small, use paypal....
Btw, i think ibfx now credit card only charge US20 fee.

thanks
i know, that;s why i'm looking for new brokers, i have been with IBFX for some times, and they have become goood to bad, bad to worse,
now their spread also ........ + USD20 for using credit card ,

with this, that;s why i'm thinking of of OANDA, or may be others ?
i'm looking for tigh spread , 200:1 (although OANDA dun have....), cheap deposit fee (if possible FREE ! )
any suggestion ?

Thanks..
Quoting dashisiong
Hi,

I from Malaysia too.
If u are ready to go into forex trading...go singapore and open a saving acc.
Cheaper t/t rate and faster to arrive.
Malaysia took 5 days to t/t.

But if your amount is small, use paypal....
Btw, i think ibfx now credit card only charge US20 fee.

thanks
can i ask my friend at Singapore TT on behalf of me,will broker accepted this?

for credit card funding,is there any charge from our bank?
Quoting amenlo9
can i ask my friend at Singapore TT on behalf of me,will broker accepted this?

for credit card funding,is there any charge from our bank?
Yes, u can ask your friend t/t for u.
No charges from the bank but exchange rate is abit high...

Btw, if anyone from malaysia pls pm me, maybe we can have a chat or sharing ideas on fx system.

Thanks
Patience, let the market come to you!
Quoting dashisiong
Yes, u can ask your friend t/t for u.
No charges from the bank but exchange rate is abit high...

Btw, if anyone from malaysia pls pm me, maybe we can have a chat or sharing ideas on fx system.

Thanks
i'm from Penang !
where are u from ?
Dear Paogeh,

From my experience with Oanda... is good.
You can use any bank but make sure you send the money from the bank that you want them to sent back the money to you because if you request withdrawal, they will send the money to the bank that where do you sent the money from. That is the regulation. You have to use TT transfer ya...
When you fill up the form... to who.. you write "Oanda Cooperation".
The bank will not ask you much. But if the adresse with name of "Forex"
the bank officer will ask you a lot of question. Becareful of that.
So far...no problem. You know la... Malaysia... a lot of regulation..
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Hi, can't offer much advice since I'm not the OANDA type. Furthermore, just started trading early this year so not in position to give advice. But anyway, just want to share my words this evening with fellow Malaysians.

Ciao..
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
Quoting Olaha
Dear Paogeh,

From my experience with Oanda... is good.
You can use any bank but make sure you send the money from the bank that you want them to sent back the money to you because if you request withdrawal, they will send the money to the bank that where do you sent the money from. That is the regulation. You have to use TT transfer ya...
When you fill up the form... to who.. you write "Oanda Cooperation".
The bank will not ask you much. But if the adresse with name of "Forex"
the bank officer will ask you a lot of question. Becareful of that.
So far...no problem. You know la... Malaysia... a lot of regulation..
Thanks for the advise !
who did TT to broker using online personal account before?
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