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Help needed in OANDA + users from Malaysia

  • #1
  • First Post: May 22, 2007 11:00am May 22, 2007 11:00am
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,
  • #2
  • May 22, 2007 8:52pm May 22, 2007 8:52pm
I do.

I just wire transfer the money to and from Oanda. You can do that at Maybank. That's the easiest way.
  • #3
  • May 22, 2007 9:13pm May 22, 2007 9:13pm
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?
  • #4
  • May 23, 2007 12:15am May 23, 2007 12:15am
Quoting amenlo9
how much the total fee will be charge?
RM25 at Maybank + USD20 (deducted from your wired amount).
  • #5
  • May 23, 2007 5:50am May 23, 2007 5:50am
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) ??
  • #6
  • May 23, 2007 8:47pm May 23, 2007 8:47pm
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.
  • #7
  • May 26, 2007 7:07am May 26, 2007 7:07am
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
  • #8
  • May 27, 2007 6:50am May 27, 2007 6:50am
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..
  • #9
  • May 27, 2007 10:11pm May 27, 2007 10:11pm
i have onced used wire to fund my oanda account and I payed $38 fee!!! i prefer paypal .
good luck
thomas
  • #10
  • May 27, 2007 10:18pm May 27, 2007 10:18pm
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.
  • #11
  • May 28, 2007 7:47am May 28, 2007 7:47am
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 !!
  • #12
  • May 28, 2007 2:28pm May 28, 2007 2:28pm
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!
  • #13
  • May 29, 2007 9:03am May 29, 2007 9:03am
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..
  • #14
  • May 29, 2007 9:59am May 29, 2007 9:59am
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?
  • #15
  • May 29, 2007 12:59pm May 29, 2007 12:59pm
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!
  • #16
  • May 31, 2007 6:29am May 31, 2007 6:29am
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 ?
  • #17
  • Jun 5, 2007 11:03pm Jun 5, 2007 11:03pm
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..
  • #18
  • Jun 6, 2007 8:48am Jun 6, 2007 8:48am
  •  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
  • #19
  • Jun 6, 2007 10:33am Jun 6, 2007 10:33am
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 !
  • #20
  • Oct 25, 2007 9:56pm Oct 25, 2007 9:56pm
who did TT to broker using online personal account before?
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