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Help needed in OANDA + users from Malaysia

  • #41
  • Nov 19, 2007 9:22pm Nov 19, 2007 9:22pm
The main problem I experienced with Oanda is that their platform is unstable. It crashes, logged off and on every 5 mins or so. I wont recommend them for an intraday trader. But every other thing else is ok.
  • #42
  • Nov 19, 2007 11:00pm Nov 19, 2007 11:00pm
Quoting amenlo9
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
I already have a paypal account, but what debit card can I use to
link to it for funds withdrawal from paypal?

I have recently opened an fxtrade account with Oanda but I have yet
to fund it. Was considering using Maybank TT but I am exploring other
options that can save some transaction costs over the longer term.

Your advice for a newbie is most appreciated. Thanks!
  • #43
  • Nov 20, 2007 1:30am Nov 20, 2007 1:30am
Quoting raynman
I already have a paypal account, but what debit card can I use to
link to it for funds withdrawal from paypal?

I have recently opened an fxtrade account with Oanda but I have yet
to fund it. Was considering using Maybank TT but I am exploring other
options that can save some transaction costs over the longer term.

Your advice for a newbie is most appreciated. Thanks!
Public Bank Visa Electron
  • #44
  • Nov 20, 2007 2:12am Nov 20, 2007 2:12am
Amenlo9,
Thanks very much for the info.
I will get a Visa Electron debit card linked to my paypal account ASAP.
  • #45
  • Nov 20, 2007 2:25am Nov 20, 2007 2:25am
Quoting raynman
Amenlo9,
Thanks very much for the info.
I will get a Visa Electron debit card linked to my paypal account ASAP.
but u need to add some money on it in order to get verify.Mininum amount on card is RM25.your card have to always maintain RM25.but should add >RM25 on it in order to use it.i added RM50 on it.let me know when u able to add it.
  • #46
  • Nov 20, 2007 3:11am Nov 20, 2007 3:11am
My paypal account has already been verified much earlier using my
UOB VISA credit card.

I think I just need to add in the debit card later when I get my hands
on it. Correct me if I am wrong here.

Incidentally, is Public Bank the only version of VISA Electron debit card
that can be used with paypal? What about other VISA Electron
debit cards, from UOB, for example? Reason I asked is because I have
a UOB current account but none with Public Bank.
  • #47
  • Nov 20, 2007 4:24am Nov 20, 2007 4:24am
Quoting raynman
My paypal account has already been verified much earlier using my
UOB VISA credit card.

I think I just need to add in the debit card later when I get my hands
on it. Correct me if I am wrong here.

Incidentally, is Public Bank the only version of VISA Electron debit card
that can be used with paypal? What about other VISA Electron
debit cards, from UOB, for example? Reason I asked is because I have
a UOB current account but none with Public Bank.
this 1 i am not sure.some can but some cannot.depend on banks.you have to try yourself if u want to use UOB debit card
  • #48
  • Nov 20, 2007 5:08am Nov 20, 2007 5:08am
No go. Cannot. Just checked with UOB and they confirm that
their VISA Electron debit card cannot be used for paypal.

No choice. I will be getting the PB version.
  • #49
  • Nov 21, 2007 9:05pm Nov 21, 2007 9:05pm
Why don't you open an account with a broker that accept credit card deposits but allow withdrawal via bank wire transfer? Will that help? Just my 2 cents.

:
  • #50
  • Nov 22, 2007 6:36am Nov 22, 2007 6:36am
Quoting archsage
Why don't you open an account with a broker that accept credit card deposits but allow withdrawal via bank wire transfer? Will that help? Just my 2 cents.

:
Why would I want to go for another broker when I have already decided on Oanda? I am just exploring some funding/withdrawal options that can save me some money in the longer term, and yet acceptable to Oanda. Hope this clarifies my intent. Thanks anyway for your suggestion.
  • #51
  • Nov 27, 2007 2:39am Nov 27, 2007 2:39am
Just funded my Oanda Fxtrade account yesterday using PayPal. Took less
than 2 hours before the funds are deposited into my new trading account.

Much better turnaround time than by using bank TT, which will take a couple
of days. Only snag is the 2.9% charge plus USD0.30 per deposit. Withdrawal
back to PayPal is free though.

Now trading live.... http://static-wk.lowyat.net/style_em...ult/rclxm9.gif
  • #52
  • Nov 27, 2007 3:17am Nov 27, 2007 3:17am
used wire transfer,,i did it and very convenience.....


Quoting paogeh
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,
  • #53
  • Nov 27, 2007 3:36am Nov 27, 2007 3:36am
Quoting raynman
Just funded my Oanda Fxtrade account yesterday using PayPal. Took less
than 2 hours before the funds are deposited into my new trading account.

Much better turnaround time than by using bank TT, which will take a couple
of days. Only snag is the 2.9% charge plus USD0.30 per deposit. Withdrawal
back to PayPal is free though.

Now trading live.... http://static-wk.lowyat.net/style_em...ult/rclxm9.gif
glad to hear that.may the pips be with you
  • #54
  • Nov 27, 2007 3:48am Nov 27, 2007 3:48am
Quoting amenlo9
glad to hear that.may the pips be with you
Thank you Sir! http://static-wk.lowyat.net/style_em.../notworthy.gif
  • #55
  • Nov 29, 2007 8:05am Nov 29, 2007 8:05am
hi...i just transfer usd 300 yesterday from MAYBANK--> IBFX.
Today i can trade online. No waiting until 5 days.
  • #56
  • Dec 22, 2007 2:34am Dec 22, 2007 2:34am
i prefer to deposit via credit card. it is so convenient. my broker, ibfx charged me $20 only. but u have to deposit more to save the trouble of having to pay THESE CONVENIENT FEES...
i do not want to use wire transfer as what my friend did. u will lose out on the exchange rate, then come the local bank charges & lastly the intermediate bank from your broker charges.
so i suggest better use credit card:
i guesss they will ask you to scan your credit card. but what i did, as lazy people, i snapped a photo of my credit card from my cameraphone & send it via e-mail. so so easy.

thanks.
  • #57
  • Dec 22, 2007 3:52am Dec 22, 2007 3:52am
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

da shi siong.........i not from malaysia.........can i know your shi fu's ideas ?

then i can be your shi di.........since you're the future zhang men ren.........
  • #58
  • Dec 23, 2007 7:35am Dec 23, 2007 7:35am
i have TT to FXsol b4 which was quite an amount. after that i switch to ibfx. inter brokers transfer was a breeze too. the bank charges is unavoidable. Maybank charges about RM25 n then the broker bank will charge about quite the same amount too but in USD of course...
  • #59
  • Feb 17, 2008 3:52am Feb 17, 2008 3:52am
Hi All,

oanda withdrawal fee is quite expensive for abt usd 45.00 but if u withdraw twice in a month or more there will some more additional fee inccured..If you wanna w/draw just usd 100 is not worth coz minus 45.00 usd as thier fee...

Just 2mycent..
  • #60
  • Feb 27, 2008 10:30am Feb 27, 2008 10:30am
Any more update on this ?


So the best way to deposit + withdral are ?? [time and cost]


deposit === credit card or TT or wire or check ??

witdrawal === paypal ? check ?

thanks
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