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Any Reliable Broker in Malaysia/Singapore

  • #1
  • First Post: Feb 15, 2009 2:38am Feb 15, 2009 2:38am
Hi FX-mates

Can anyone pls. recommend a reliable and reputable fx broker in Malaysia and Singapore?

I am VERY concern about FUND WITHDRAWING, STABLE PLATFORM and RELIABLE EXECUTION. If can, it should have a responsive customer service at least over the phone (to call back their customers).

I don't mind foreign fx brokers having their representative offices in Malaysia and Singapore.

I appreciate your valued input. Thanks alot.

Regards
fxpip8
  • #2
  • Feb 16, 2009 3:48am Feb 16, 2009 3:48am
why do want a broker branched in malaysia or singapore? u can rely on brokers w/ branches outside those 2 countries & yet have no problems.

There are many reliable brokers out there, u just have to research via the internet about which suits you.
  • #3
  • Feb 16, 2009 11:11pm Feb 16, 2009 11:11pm
Hi SupremeChaos

I have read some brokers were slow in paying their customers even thou these customers are from their own countries. Brokers having representative offices in Malaysia/Singapore will ease me to communicate with the brokers communication such as fund withdrawing.

fxpip8
  • #4
  • Feb 17, 2009 1:49am Feb 17, 2009 1:49am
www.gftasia.com or oanda singapore
  • #5
  • Feb 18, 2009 10:36pm Feb 18, 2009 10:36pm
MF Global has a good branch in Singapore.
  • #6
  • Feb 18, 2009 10:53pm Feb 18, 2009 10:53pm
http://www.sentosatrading.com/

check out this IB from broco..
very nice guy..just say my name..popisdead

pop
{Promotion Removed}
  • #7
  • Feb 20, 2009 3:59am Feb 20, 2009 3:59am
Thanks for the recommendation. Will study them.

fxpip8
  • #8
  • Mar 18, 2009 8:02am Mar 18, 2009 8:02am
Hi fxpip,

I am based in Singapore, similar to you I wish to find a reliable broker too, but the broker - broco is Russians based, better don't take risk!

I know of a broker called Saxo they are based in singapore, but one thing to highlight is that their pricing is a bit slow, i am not sure whether they do that to "eat" up you monies or not.

For information only.

Quoting fxpip8
Thanks for the recommendation. Will study them.

fxpip8
  • #9
  • Mar 19, 2009 10:42am Mar 19, 2009 10:42am
None with MT4 too bad.
  • #10
  • Mar 20, 2009 1:25pm Mar 20, 2009 1:25pm
Quote
I have read some brokers were slow in paying their customers even thou these customers are from their own countries. Brokers having representative offices in Malaysia/Singapore will ease me to communicate with the brokers communication such as fund withdrawing.

fxpip8,
whick broker are u referring to?

i'm from the Philippines, i'm using an int'l broker (fxcm), i withdraw via credit card, there seem to be no problem. if via bank wire, check, of course it will take a few days.

fund withdrawal (& deposit) via credit card, it's the fastest & cheapest way.
  • #11
  • Apr 7, 2009 3:33am Apr 7, 2009 3:33am
Hi there,

You can trade with DBS Vickers Securities. It's a division of DBS bank. And in this climate, I'd rather go with an Asian bank than the "big" City boys.
Take a report.
  • #12
  • Apr 7, 2009 4:03am Apr 7, 2009 4:03am
broco has very limited credits, 6 feedbacks, 1 complaint of withdrawal scam
http://www.forexpeacearmy.com/public...brocompany.com

I use their mt4 with back end ecn currenx price feed, demo only, works fine.

their live acc starts 10k USD,
I will never try that amount except on oanda and a true ecn, but that is my choice.

Quoting yyc196
Hi fxpip,

I am based in Singapore, similar to you I wish to find a reliable broker too, but the broker - broco, better don't take risk!
  • #13
  • Apr 7, 2009 4:08am Apr 7, 2009 4:08am
location near, oanda apac and fxsol-australia.

both have very consistant platform instability but if you fully know it you can live with it.
better regulation should still be US com.

easy platform and easy deposit / withdrawal should never be your 1st criteria to choose broker...
because forex is high risk including your initial deposit, so safety is #1.
when you're decided you can come back to see if anyone has objections.

test a forex agent to see if they are honest with nfa risk alert here. http://www.nfa.futures.org/complianc...ert_020107.asp
if they say differently, they are sure scam.

Quoting fxpip8
Hi FX-mates

Can anyone pls. recommend a reliable and reputable fx broker in Malaysia and Singapore?

I am VERY concern about FUND WITHDRAWING, STABLE PLATFORM and RELIABLE EXECUTION. If can, it should have a responsive customer service at least over the phone (to call back their customers).

I don't mind foreign fx brokers having their representative offices in Malaysia and Singapore.

I appreciate your valued input. Thanks alot.

Regards
fxpip8
  • #14
  • Apr 7, 2009 8:04pm Apr 7, 2009 8:04pm
Hi All Fx-mates

Thank you all for the reply.

Billye - Are onanda and fxsol using MT4? I am using IBFX (demo)? Already familiar the platform.

Cateful - Any indication on the minimum amount to open an acct with DBS, any idea? Does DBS use MT4?

Supreme C - I have heard unfavorable comments about fxcm in M'sia. Sorry.

fxpip8
  • #15
  • Edited 8:40pm Apr 7, 2009 8:27pm | Edited 8:40pm
Quoting fxpip8
Hi All Fx-mates

Thank you all for the reply.

Billye - Are onanda and fxsol using MT4? I am using IBFX (demo)? Already familiar the platform.

Cateful - Any indication on the minimum amount to open an acct with DBS, any idea? Does DBS use MT4?

Supreme C - I have heard unfavorable comments about fxcm in M'sia. Sorry.

fxpip8
no oanda and fxsol they are dedicated platform,
their platf better than mt4 I always think, mt4=requote, requote.. slippage >_< 10 pips gone
only thing is they(oanda) auto-disconnect randomly about 100-200 times a year, you need to log back in
if have stop/loss and t/p then no problem. most user live with it.

place order on top of a demo mt4 with ecn feed backend will work.
  • #16
  • Apr 8, 2009 5:39am Apr 8, 2009 5:39am
Quoting supremeChaos
why do want a broker branched in malaysia or singapore? u can rely on brokers w/ branches outside those 2 countries & yet have no problems.

There are many reliable brokers out there, u just have to research via the internet about which suits you.
Withdrawal is free by cheque if broker is local otherwise oversea wire transfer cost USD40. Let me know if anyone can recommend a good MY/SG FX broker.
  • #17
  • Apr 8, 2009 5:41am Apr 8, 2009 5:41am
Quoting hanzahar
www.gftasia.com or oanda singapore
Avoid GFT. Oanda SG newly set up, only takes high net worth clients, or high margin requirement.
  • #18
  • Apr 9, 2009 9:05am Apr 9, 2009 9:05am
Hi SupremeChaos,

You have ask a good questions : " why do want a broker branched in malaysia or singapore?"

But you may have wrong comments that there are many good and reliable brokers. To be honest with you almost all the brokers want to earn your monies out of your trading.

We have no choice but to look for a brokers near our place, in case of something happened we can look for them personally or simply give them one type slap.



Quoting supremeChaos
why do want a broker branched in malaysia or singapore? u can rely on brokers w/ branches outside those 2 countries & yet have no problems.

There are many reliable brokers out there, u just have to research via the internet about which suits you.
  • #19
  • Apr 9, 2009 9:23am Apr 9, 2009 9:23am
Hi Belief + yyc196 + SC
Thanks for your replies.

Anyone heard of Cityindex or some kind of "City"(what?) in Singapore?
Comments pls.

TQ.
fxpip8
  • #20
  • Apr 9, 2009 10:22am Apr 9, 2009 10:22am
I just manage to chat online with one of their staff:

1) min fund for an account: S$5k

2) Trading size: 10k or 1 mini

3) EUR/USD spread : 4 pips !!!

Below are all the spread:

Majors:
1) AUD/USD 6
2) EUR/USD 4
3) GBP/USD 5
4) USD/CAD 4
5) USD/CHF 4
6) USD/HKD 5
7) USD/JPY 3
8) USD/SGD 3

Crosses:
1) AUD/JPY 7
2) AUD/NZD 10
3) AUD/SGD 8
4) CAD/JPY 6
5) CHF/SGD 7
6) EUR/AUD 10
7) EUR/CAD 10
8) EUR/CHF 4
9) EUR/GBP 4
10) EUR/JPY 4
11) EUR/NZD 13
12) EUR/SGD 11
13) GBP/JPY 9
14) GBP/SGD 14
15) JPY/SGD 12
16) NZD/USD 4
17) NZD/JPY 8


Quoting CateFul
Hi there,

You can trade with DBS Vickers Securities. It's a division of DBS bank. And in this climate, I'd rather go with an Asian bank than the "big" City boys.
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