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Help needed in OANDA + users from Malaysia

  • #21
  • Oct 26, 2007 9:52am Oct 26, 2007 9:52am
Quoting aurorau
who did TT to broker using online personal account before?
never heard we can TT via our online banking system in malaysia yet
  • #22
  • Oct 27, 2007 7:19am Oct 27, 2007 7:19am
Quoting amenlo9
never heard we can TT via our online banking system in malaysia yet
I've checked it out. If you have maybank2u online, you can do TT fx account funding. But as for CIMB, you've problem cos CIMB requires you to fill up beneficiary IC/passport number, CIMB is definitely out. I'm not sure other banks.

amenlo9, if you've maybank2u, scroll your eye to the bottom in maybank2u page, there is a banner "advertising" TT money option. click into it have a look. If you still doubt, pls click on their demo to see how to do TT funding. If you still doubt, then you better resort to the old way - walk in bank, hv a chat with the pretty customer service officer.
  • #23
  • Oct 27, 2007 7:44am Oct 27, 2007 7:44am
Quoting aurorau
I've checked it out. If you have maybank2u online, you can do TT fx account funding. But as for CIMB, you've problem cos CIMB requires you to fill up beneficiary IC/passport number, CIMB is definitely out. I'm not sure other banks.

amenlo9, if you've maybank2u, scroll your eye to the bottom in maybank2u page, there is a banner "advertising" TT money option. click into it have a look. If you still doubt, pls click on their demo to see how to do TT funding. If you still doubt, then you better resort to the old way - walk in bank, hv a chat with the pretty customer service officer.
anyway,good to know that our bank starting allow TT via online.so the fee is the same right?
  • #24
  • Oct 27, 2007 7:44am Oct 27, 2007 7:44am
you can open a/c in euro or aud which is good as you collect more interest daily.

never open in usd
  • #25
  • Oct 27, 2007 9:24am Oct 27, 2007 9:24am
Quoting findcount
you can open a/c in euro or aud which is good as you collect more interest daily.

never open in usd
u mean OANDA ?
or maybank ?



why not NZD? the highest interest
  • #26
  • Oct 27, 2007 10:04pm Oct 27, 2007 10:04pm
Quoting amenlo9
anyway,good to know that our bank starting allow TT via online.so the fee is the same right?
Both CIMB and maybank2u charge RM10 for each transaction, max TT amount for each day is RM10k.
Very convenient mate!!
  • #27
  • Oct 27, 2007 10:15pm Oct 27, 2007 10:15pm
Quoting paogeh
u mean OANDA ?
or maybank ?



why not NZD? the highest interest

oanda lah.......

no nzd for oanda so aud highest interest but check against ringgit see if it has ever plunged against ringgit...if yes, then euro safer.

the aud was once lower than sing$ so i chose euro.....
  • #28
  • Oct 28, 2007 1:00am Oct 28, 2007 1:00am
Quoting findcount
oanda lah.......

no nzd for oanda so aud highest interest but check against ringgit see if it has ever plunged against ringgit...if yes, then euro safer.

the aud was once lower than sing$ so i chose euro.....
EURO==4%
USD==4.75%
GBP==5.75%
AUD==6.5%


EURO==4% ....too low compare to the rest ...
I think the best would be GBP or AUD , since the interest are among the higest ...

would thinking of putting $$$$ in oanda as FD.....

Guys, any of u put more that RM100,000 inside ?
i'm thinking of putting this kind of $$$ inside, do u think is safe ?
(using housing loan, BLR-1.5% .....)
  • #29
  • Oct 28, 2007 4:40am Oct 28, 2007 4:40am
Quoting aurorau
Both CIMB and maybank2u charge RM10 for each transaction, max TT amount for each day is RM10k.
Very convenient mate!!
that was very cheaper.i remember public bank charge me 25 for the TT fee.
  • #30
  • Oct 28, 2007 7:37am Oct 28, 2007 7:37am
Quoting amenlo9
that was very cheaper.i remember public bank charge me 25 for the TT fee.
Then you better try maybank.
I wanted to do TT via CIMB but it requires me to fill up the benefiaciary IC/passport number, that's nonsense!.
I gonna use maybank, cheaper, convenient.
  • #31
  • Oct 28, 2007 7:14pm Oct 28, 2007 7:14pm
Quoting aurorau
Then you better try maybank.
I wanted to do TT via CIMB but it requires me to fill up the benefiaciary IC/passport number, that's nonsense!.
I gonna use maybank, cheaper, convenient.
between,you know how much the fee when our fund going thru international bank?

how much the total fee needed when our broker received our fund?
  • #32
  • Oct 28, 2007 10:42pm Oct 28, 2007 10:42pm
Quoting amenlo9
between,you know how much the fee when our fund going thru international bank?

how much the total fee needed when our broker received our fund?
Since I hven't tried online account TT before, so I am not sure how much exactly the net amount credited into your trading account after funding, it all depends on each broker(different broker, percentage charged differently) and the number of routing bank involved during the fund transfered. You got to confirmed with your broker.

BTW, which broker you trading with now?
  • #33
  • Oct 28, 2007 11:17pm Oct 28, 2007 11:17pm
out
maybank -rm10
us bank -us20

in
maybank -rm5
usbank (-us40oanda withdrawal fee, -us25 ibfx)
  • #34
  • Oct 29, 2007 12:33am Oct 29, 2007 12:33am
Quoting aurorau
Since I hven't tried online account TT before, so I am not sure how much exactly the net amount credited into your trading account after funding, it all depends on each broker(different broker, percentage charged differently) and the number of routing bank involved during the fund transfered. You got to confirmed with your broker.

BTW, which broker you trading with now?
i am using oanda.US40 withdrawal fee seem very expensive!!

actually i am using paypal.i will withdraw fund to paypal -->debit card card.
  • #35
  • Oct 29, 2007 1:47am Oct 29, 2007 1:47am
Quoting amenlo9
i am using oanda.US40 withdrawal fee seem very expensive!!

actually i am using paypal.i will withdraw fund to paypal -->debit card card.
kalau guna paypal, dont upgrade to premier account, kena deduct fee lagi, unless you withdraw more than 5 times a year
  • #36
  • Oct 29, 2007 5:36am Oct 29, 2007 5:36am
Quoting paogeh
EURO==4%
USD==4.75%
GBP==5.75%
AUD==6.5%


EURO==4% ....too low compare to the rest ...
I think the best would be GBP or AUD , since the interest are among the higest ...

would thinking of putting $$$$ in oanda as FD.....

Guys, any of u put more that RM100,000 inside ?
i'm thinking of putting this kind of $$$ inside, do u think is safe ?
(using housing loan, BLR-1.5% .....)

euro interest may be lower but don't forget, no point going for higher interest if the currency goes down in value.......remember Indonesia used to give very high interest over 10% i think but what's the use ?

if between gbp and aud, aud is still safer as it's movement not so volatile as gbp.
  • #37
  • Nov 15, 2007 1:11am Nov 15, 2007 1:11am
Hi everyone. I am new here and I am from Malaysia too.

I am trying to open a live account and I am just wondering which brokers do the Malaysian traders use. Any good ones for Malaysia?

I am thinking about Deltastock? Anyone with any experience with them.
  • #38
  • Nov 15, 2007 1:24am Nov 15, 2007 1:24am
For All concerned about withdrawl fees....Oanda does process checks FREE and mails them.....Paypal is way too high.
Now of course I realize that Oanda pays out the same as the account was opened....
Maybe this is a mute point for current clients....yet for future clients.....Open with a check, and get your funds by check.
Hey, all $$ saved is money earned!
Fxj
Proper Prior Planning Prevents Piss Poor Performance
  • #39
  • Nov 18, 2007 4:22am Nov 18, 2007 4:22am
Quoting FxJarhead
For All concerned about withdrawl fees....Oanda does process checks FREE and mails them.....Paypal is way too high.
Now of course I realize that Oanda pays out the same as the account was opened....
Maybe this is a mute point for current clients....yet for future clients.....Open with a check, and get your funds by check.
Hey, all $$ saved is money earned!
Fxj
can we ====TT $$$ over
and
request for CHECK when withdrawal ?
  • #40
  • Nov 18, 2007 4:38am Nov 18, 2007 4:38am
Quoting paogeh
can we ====TT $$$ over
and
request for CHECK when withdrawal ?
refer here:may charge.so better ask them before withdraw.i am using paypal for funding.so most probably i will withdraw to paypal and then paypal to my debit card.

http://fxtrade.oanda.com/fxtrade/fun...thdrawal.shtml

Quote
If the customer used multiple methods for deposits, then OANDA, at its discretion, will choose the method for transferring the withdrawal amount back to the customer. OANDA will do its best to accommodate the wishes of its customers, but may charge the wire transfer bank fee (described below) if funds were deposited by wire transfer, but a PayPal or Check withdrawal is being requested.
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