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Any Reliable Broker in Malaysia/Singapore

  • #41
  • Nov 17, 2009 8:42pm Nov 17, 2009 8:42pm
Hi all,
I'm planning to open an account with a Singapore registered FX broker. talking finance, Asia is pretty conservative and looks much more wiser today than the western countries. Banks are in a much better shape there etc. And Singapore is known as concerned in avoiding funny-funny things. But my point is: I'm an Italian national living in Indonesia and I'm not sure the MAS will protect my interests as it does for Singaporean nationals. Any hints on that?
Ksatria FX
  • #42
  • Nov 18, 2009 7:55am Nov 18, 2009 7:55am
Hi,

Please do not made assumption without seriously research on the brokers background.

Quoting ksat
Hi all,
I'm planning to open an account with a Singapore registered FX broker. talking finance, Asia is pretty conservative and looks much more wiser today than the western countries. Banks are in a much better shape there etc. And Singapore is known as concerned in avoiding funny-funny things. But my point is: I'm an Italian national living in Indonesia and I'm not sure the MAS will protect my interests as it does for Singaporean nationals. Any hints on that?
  • #43
  • Nov 18, 2009 8:11am Nov 18, 2009 8:11am
Of course who's the broker is a main point. Me too I'm bad but while I sit in my boss room I'm polite. With the boss I had before, I just didn't care. No charisma, and office room was quite lousy. And at the police office, I'm a perfect gentelman. The setting counts. Now, is that Singasetting that isn't yet clear to me. Wht's more, institutions have web sites, but practice is somewere else.
Ksatria FX
  • #44
  • Dec 7, 2009 9:56pm Dec 7, 2009 9:56pm
Quoting trexcute
well oakmonster, i totally agree with you. Instaforex is just another scam here in malaysia. this broker firm is owned by russians and i guess you can found alot of information about them in the internet.
I just moved to Korea from New York and I'm moving to Singapore soon. I've been looking for brokers with offices in Asia. I came across InstaForex from World Finance. Apparently, World Finance gave InstaForex the "Best Broker in Asia" award for 2009. Not that I base everything off of an award but how can the "Best Broker in Asia" award go to a scam broker?

I have never come across a broker with only positive feedback, which is understandable in the forex game; but why is InstaForex a scam?

I want to open my account there. I currently have an account at FX Solutions that I used in New York, but I would prefer to use a broker with an office in Asia.
  • #45
  • Dec 8, 2009 3:22am Dec 8, 2009 3:22am
Quoting latropsudoxe
I just moved to Korea from New York and I'm moving to Singapore soon. I've been looking for brokers with offices in Asia. I came across InstaForex from World Finance. Apparently, World Finance gave InstaForex the "Best Broker in Asia" award for 2009. Not that I base everything off of an award but how can the "Best Broker in Asia" award go to a scam broker?

I have never come across a broker with only positive feedback, which is understandable in the forex game; but why is InstaForex a scam?

I want to open my account there. I currently have...
Oanda, GFT and Saxo Capital have offices in Singapore.
  • #46
  • Dec 8, 2009 5:30am Dec 8, 2009 5:30am
Hi latropsudoxe,

For a Currenex account, MF Global (formerly Man Financial) has an office in Singapore.

For marketmakers - there are a number with an office presence in Singapore.

If you need a contact for #1, drop me a note.
  • #47
  • Dec 8, 2009 10:36pm Dec 8, 2009 10:36pm
Quoting TraderT
Hi latropsudoxe,

For a Currenex account, MF Global (formerly Man Financial) has an office in Singapore.

For marketmakers - there are a number with an office presence in Singapore.

If you need a contact for #1, drop me a note.
Hi TraderT

Are currenex and mf global having the mt4 platform?

Any comments on GoMarkets (Australia), FxPro (Cyprus) and ODL (UK)?

I like your print "All you need is S & R" I hope you don't mind, if you have, to share any free good ebooks on S&R trading method? (Me a newbie is acquiring trading skill now on SL/TL/RL/PA/TA)

You may PM me.

Thank you.
  • #48
  • Dec 9, 2009 12:19am Dec 9, 2009 12:19am
Hi,

Just want to add a word here. If you are big player MF Global might be the right choice for you. They do not have mini and ideally regular player are welcome.

Alternatively, you may want to look for brokers that has local calls (toll free) where you can call them 24 hours.

FYI


Quoting pj.waterloo
Hi TraderT

Are currenex and mf global having the mt4 platform?

Any comments on GoMarkets (Australia), FxPro (Cyprus) and ODL (UK)?

I like your print "All you need is S & R" I hope you don't mind, if you have, to share any free good ebooks on S&R trading method? (Me a newbie is acquiring trading skill now on SL/TL/RL/PA/TA)

You may PM me.

Thank you.
  • #49
  • Dec 12, 2009 12:57am Dec 12, 2009 12:57am
Quoting latropsudoxe
I just moved to Korea from New York and I'm moving to Singapore soon. I've been looking for brokers with offices in Asia. I came across InstaForex from World Finance. Apparently, World Finance gave InstaForex the "Best Broker in Asia" award for 2009. Not that I base everything off of an award but how can the "Best Broker in Asia" award go to a scam broker?

I have never come across a broker with only positive feedback, which is understandable in the forex game; but why is InstaForex a scam?

I want to open my account there. I currently have...
Would definately open an account with One Financial Dubai office. Very solid and excellent service..
Good luck
  • #50
  • Dec 21, 2010 8:19pm Dec 21, 2010 8:19pm
Quoting oakmonster
FXMalay has MT4. And an office near KLCC in Kuala Lumpur if that's what floats your boat.
FXMalay? with a name like this, I am not sure if they are racist or something.
  • #51
  • Jun 2, 2011 3:17am Jun 2, 2011 3:17am
Instaforex?? From their website they claim that they have an office in klcc. Does anybody know about it ? or perhaps validate their claim ?
  • #52
  • Jun 2, 2011 6:06am Jun 2, 2011 6:06am
Quoting p.warrior
Instaforex?? From their website they claim that they have an office in klcc. Does anybody know about it ? or perhaps validate their claim ?
If they have an operating office there and they are taking local deposits from there, I hope they like jail. Forex is illegal in Malaysia for small investors and brokers. At the moment, only banks can get a license.
  • #53
  • Jun 2, 2011 6:55am Jun 2, 2011 6:55am
Quoting jafar00
If they have an operating office there and they are taking local deposits from there, I hope they like jail. Forex is illegal in Malaysia for small investors and brokers. At the moment, only banks can get a license.
Are you sure? I've been trading with them for almost a year!! Am i in a big trouble then ?? Btw, have you ever heard of them in klcc?

If forex is illegal, then how do you trade forex instead?
  • #54
  • Jun 2, 2011 11:38pm Jun 2, 2011 11:38pm
1. Hi. The answer to all your concerns can be found here: http://www.forexfactory.com/showthread.php?t=214133

2. Please refrain from responding or replying that thread until you have read it in chronological order from start to finish, to avoid rehashing issues that have already been covered and resolved.

3. As to the original question of finding reliable brokers, I personally only go for brokers regulated in the UK, Singapore, or Australia and none from the usual offshore centres, former Soviet republics, or even from the US.

4. Good luck.

Quoting p.warrior
Are you sure? I've been trading with them for almost a year!! Am i in a big trouble then ?? Btw, have you ever heard of them in klcc?

If forex is illegal, then how do you trade forex instead?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #55
  • Jun 3, 2011 6:11am Jun 3, 2011 6:11am
Quoting imranyusof
1. Hi. The answer to all your concerns can be found here: http://www.forexfactory.com/showthread.php?t=214133

2. Please refrain from responding or replying that thread until you have read it in chronological order from start to finish, to avoid rehashing issues that have already been covered and resolved.

3. As to the original question of finding reliable brokers, I personally only go for brokers regulated in the UK, Singapore, or Australia and none from the usual...
Thanks man! Though the process of converting ringgit to USD FIRST is a little pesky, it is always better to be safe than sorry right?
  • #56
  • Jun 5, 2011 5:01pm Jun 5, 2011 5:01pm
1. Well, it's only "pesky" to people with something to hide.

2. Our exchange control measures serve a very important purpose (believe it or not) and as long as you follow the rules and keep your nose clean, the process is actually quite painless.

Happy Trading.

Quoting p.warrior
Thanks man! Though the process of converting ringgit to USD FIRST is a little pesky, it is always better to be safe than sorry right?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #57
  • Aug 24, 2011 10:02pm Aug 24, 2011 10:02pm
May i know if we use Oanada Singapore can we deposit in USD instead of converting to SGD then USD as SGD rate is pretty high right now while USD is low.
  • #58
  • Aug 24, 2011 11:07pm Aug 24, 2011 11:07pm
You're in Singapore, right?

Why don't you call them and find out?


Quoting burningbun
May i know if we use Oanada Singapore can we deposit in USD instead of converting to SGD then USD as SGD rate is pretty high right now while USD is low.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #59
  • Sep 14, 2011 3:52pm Sep 14, 2011 3:52pm
Quoting p.warrior
Instaforex?? From their website they claim that they have an office in klcc. Does anybody know about it ? or perhaps validate their claim ?

Check this out.

http://www.forexpeacearmy.com/public...instaforex.com
  • #60
  • Oct 11, 2011 10:31am Oct 11, 2011 10:31am
Quoting skenobi
3. As to the original question of finding reliable brokers, I personally only go for brokers regulated in the UK, Singapore, or Australia and none from the usual offshore centres, former Soviet republics, or even from the US.

4. Good luck.
Hi skenobi do you mind recommend a ecn broker that you think is reliable? Trading size will be in standard lots.
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