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  • #1,321
  • Oct 17, 2010 2:52am Oct 17, 2010 2:52am
Quoting ybfjax
I'm not sure if there is a branch in malasia, but there is one in Bangkok, Thailand.
ybfjax,

Yeah you're right, NAB got no branch in Malaysia. I also just send an enquiry to NAB and waiting for their reply.
  • #1,322
  • Oct 18, 2010 10:41am Oct 18, 2010 10:41am
This was my email to NAB.......

"Hi,I would like to know whether I am able to open a banking account from Malaysia. Does NAB have a working relationship with a Malaysian bank that may take and verify my proof of identity and physical presence when opening the account with NAB online?"

This is the reply from NAB.......

"My name is Bhavani. Thank you for writing to NAB about opening an account.

Upon reviewing your enquiry I can confirm that NAB has a range of products
and services that may be suitable to your financial needs.

For your convenience I have provided links below to NAB's Everyday Banking,
Savings and Investment products for your review.

Everyday Banking accounts
http://www.nab.com.au/wps/wcm/connec.../5/1/?ncID=ZBA
(Please copy and paste into browser address bar)

Savings accounts
http://www.nab.com.au/wps/wcm/connec.../5/2/?ncID=ZBA
(Please copy and paste into browser address bar)

Investment accounts
http://www.nab.com.au/wps/wcm/connec.../5/3/?ncID=ZBA
(Please copy and paste into browser address bar)

Upon applying and successfully having a new account opened for you, we'll
mail you a Welcome Pack with your account details which you'll receive in
the next few days. The Welcome Pack contains all the information you'll
need about the features and benefits of your new account, including the
terms and conditions and fees guide. You'll also find a guide about
identification requirements included.

As part of NAB's Identification and Account Opening Procedure, upon
establishing a new account for you, a Debit Restriction will be placed onto
the account and can only be removed after you have attended a Branch and
provided your 100 Points of Identification.

You are able to credit funds into the account, however, these funds will
only be accessible once the Debit Restriction has been lifted.

I hope this information helps with you enquiry.

If you would like to speak with my colleagues from our Sales Department,
you are also welcome to call us on +61 3 8641 9083 between 7:00am and
9:00pm Monday to Friday (AEST), weekends between 8:00am and 6:00pm.

Yours sincerely,

Bhavani Singh
Online Service Advisor"
------------------------------------------------------------------------

Can you guys figure out the relevance of NAB's reply to my email?
As for me, they didn't address the points I raised in my email.
So, I really don't know the answer.
  • #1,323
  • Oct 18, 2010 3:41pm Oct 18, 2010 3:41pm
Quoting goldcourse
This was my email to NAB.......

"Hi,I would like to know whether I am able to open a banking account from Malaysia. Does NAB have a working relationship with a Malaysian bank that may take and verify my proof of identity and physical presence when opening the account with NAB online?"

This is the reply from NAB.......

"My name is Bhavani. Thank you for writing to NAB about opening an account.

Upon reviewing your enquiry I can confirm that NAB has a range of products
and services that may be suitable to your financial needs.

For your...

No relevance whatsoever, obviously the replier can’t read English. Or maybe the Online Service Advisor of NAB isn’t in Australia.
Unbelievable, I’m glad I’m not with NAB

  • #1,324
  • Oct 18, 2010 3:58pm Oct 18, 2010 3:58pm
Quoting Peter-FX
Thanks GoM, for your answer.
This thread is part of what makes Go Markets one of the best forex brokers. I’m sure the US traders will miss your honesty.
It sounds like the US traders need to unite and put forward to the CFTC a strong objection opposing their ridiculous regulations.

We did... over 9000 comments! The most EVER for any single open-comment period!
  • #1,325
  • Oct 18, 2010 5:07pm Oct 18, 2010 5:07pm
Quoting goldcourse
This was my email to NAB.......

"Hi,I would like to know whether I am able to open a banking account from Malaysia. Does NAB have a working relationship with a Malaysian bank that may take and verify my proof of identity and physical presence when opening the account with NAB online?"

This is the reply from NAB.......

"My name is Bhavani. Thank you for writing to NAB about opening an account.

Upon reviewing your enquiry I can confirm that NAB has a range of products
and services that may be suitable to your financial needs.

For your...

goldcourse,
I have just spoken to NAB. They couldn’t answer your question but said if you email them on the following address, they have staff that will help to find the answer for your request.
Email: [u][font=Comic Sans MS][size=3][color=#0000ff][email protected][/color][/size][/font][/u]

Hope this helps.

  • #1,326
  • Oct 18, 2010 5:12pm Oct 18, 2010 5:12pm
Quoting Peter-FX
goldcourse,
I have just spoken to NAB. They couldn’t answer your question but said if you email them on the following address, they have staff that will help to find the answer for your request.
[size=3][font=Comic Sans MS]Email:...
Peter-FX,

Thanks for the assistance. I will email NAB again .
  • #1,327
  • Oct 19, 2010 7:40am Oct 19, 2010 7:40am
Quoting goldcourse
Peter-FX,

Thanks for the assistance. I will email NAB again .
You could also look at ANZ another local aussie bank that has a strong presence in Asia.

cheers,
  • #1,328
  • Oct 19, 2010 6:18pm Oct 19, 2010 6:18pm
Quoting >Apocalypto<
You could also look at ANZ another local aussie bank that has a strong presence in Asia.

cheers,
Apocalypto,

The main reason to open with NAB and the same branch as GoMarkets is to ensure swift transfer of fund into trading account when the need arises and also to receive fund from trading account. Other banks can work but not that swift.
If this option is not available, I really hope Gomarkets can sort out the withdrawal function back to Paypal. That will be great also, I think.
  • #1,329
  • Oct 19, 2010 11:19pm Oct 19, 2010 11:19pm
Quoting goldcourse
If this option is not available, I really hope Gomarkets can sort out the withdrawal function back to Paypal. That will be great also, I think.
I think I have previously mentioned it, but we are currently waiting on PayPal t get back to us about this, and we may well be able to introduce this. We should know in the next week or so. It is important to know, that this will only allow us to send AUD should it all be ok.

I will make sure I let you know as soon as we know!
  • #1,330
  • Oct 20, 2010 1:11am Oct 20, 2010 1:11am
Quoting GoMarkets
I think I have previously mentioned it, but we are currently waiting on PayPal t get back to us about this, and we may well be able to introduce this. We should know in the next week or so. It is important to know, that this will only allow us to send AUD should it all be ok.

I will make sure I let you know as soon as we know!
So then this means that we woould potentially get 2 exchange rates. one withdrawing from a non-AUD forex account to AUD. Then again from AUD to NON AUD in paypal. Is this correct?
Measure trends automatically with zero lag
  • #1,331
  • Oct 20, 2010 3:08am Oct 20, 2010 3:08am
Quoting GoMarkets
I think I have previously mentioned it, but we are currently waiting on PayPal t get back to us about this, and we may well be able to introduce this. We should know in the next week or so. It is important to know, that this will only allow us to send AUD should it all be ok.

I will make sure I let you know as soon as we know!
Looking forward to the good news. AUD is good for me.
  • #1,332
  • Oct 20, 2010 4:19am Oct 20, 2010 4:19am
wtf? i just got this in the email and it says they have notified me before but i received nothing prior to this.
Dear Client,

Following our recent email correspondence you will be aware of the need for all US residents to cease trading with us following the new OTC Forex rules. All trades were required to be closed by October 18th 2010, but this deadline has now passed and your account still has open positions. You will need to close these positions and open no new positions so that your funds can be withdrawn and returned to you. We apologise for the inconvenience that the CFTC restrictions have put on you and GO Markets will continue to monitor the Rules and Regulations outlined by the CFTC. If there are any changes to regulations, all US clients will be notified. Please click here to withdraw your funds.
Despite the fact that GO Markets is regulated under Australian law the regulatory regime of the CFTC seeks to impose its rules across all jurisdictions when it relates to Forex services being offered to US residents. The CFTC has a Memorandum of Understanding concerning consultation and cooperation in the administration and enforcement of futures laws and additionally the CFTC and ASIC are also party to the IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and Exchange of Information. GO Markets has satisfied clients from all over the world who are attracted by quality products and services that we offer. We value your business and the trust you have placed in us to provide a quality trading solution.
Unfortunately due to the restrictions placed by US laws GO Markets will be unable to accept any new trades from US residents after the 18th October 2010 unless you are eligible to meet one of the categories below:

 

  1. You are an individual or company with total assets in excess of $10,000,000
  2. You are a corporation, partnership, proprietorship, organization, trust, or other entity that has total assets exceeding $10,000,000; that has total assets exceeding $1,000,000 and enter into an agreement, contract, or transaction in connection with the conduct of the entity’s business or to manage the risk associated with an asset or liability owned or incurred or reasonably likely to be owned or incurred by the entity in the conduct of the entity’s business.

We apologise for the inconvenience of this as the changes in US regulations are beyond our control. Please be advised that we will continually re-evaluate opportunities to offer services to US residents depending on changes to US laws etc. We may be in a position to advise you that we are able to accept US based residents in the future. You may also consider seeking your own legal advice as to how the regulations affect you or any company you operate through. Of course this is not a decision we wanted to make and we would have liked to continue to offer our services to US clients, but it is out of our hands due to the relationship between the CFTC and ASIC and is only brought about by the restrictive regulations recently put in place.

  • #1,333
  • Edited 9:26am Oct 20, 2010 7:24am | Edited 9:26am
Quoting fc3s
wtf?...
I'm not even American and I have be aware of it for about 4 pages .............. try page 85 might see some mention of it there fc3s

It must really suck to be a US FX trader right now............... what I want to know is if you all vote in the republicans in the next election can these new laws be dropped???

If you can spread the word to all the local republican members, drop the latest rules and we'll vote for u!!!!
  • #1,334
  • Oct 20, 2010 9:02am Oct 20, 2010 9:02am
Quoting >Apocalypto<
It must really suck to be a US FX trader right now............... what I want to know is if you all vote in the republicans in the next election can these new laws be dropped???

If they can spread the word to all the local republican members, drop the latest rules and we vote for u!!!!

Do you also believe in EAs?
  • #1,335
  • Oct 20, 2010 9:08am Oct 20, 2010 9:08am
Quoting jagui
Do you also believe in EAs?
Only if Santa dropped it in my cyber stocking!

Great pic of the Jaguar!!!!!
  • #1,336
  • Oct 20, 2010 9:42am Oct 20, 2010 9:42am
Hallo everyone, I'm new.
I want to have some feedback from you regarding a feeling I got during 2 months of trading where I also almost lost everything.
First I'm not an expert trader, but I do understand how technical analysis works, I did my 4 month testing, I read books and tried to challenge my feelings. Obviously my loss was due because I acted like a total idiot, because I am not in an emotionally stable mood to trade but also because I'm conviced that the system that controls the orders is wisely manipulated. I'm a fast trader. I catch the waves and / or the price movements, and after some thousands trades I came to the conclusion that the broker does not allow me to win. I noticed an unacceptable delay almost by every order. I understand that a swift move in price can cause delays even of 3,4, 5 seconds but in a normal swing of 10 to 20 pips how is it possible that an order takes even a half of second. You called this slippage. I call this software fraud. It's not possible that by many moves I find my order executed at the top or at the bottow of the price movement. It's statistically not possible. How much real time delay is there between the real price and the price we see on the screen? A sofisticated software can make this delay hardly noticeable. Then comes the delay in execution. For comparaison I have been running orders on Oanda and the speed of execution is far higher. Has anyone of you had the same feeling? Because if this is the case, the software designer found a way to build a money machine, obviously illegal and difficult to prove.
  • #1,337
  • Oct 20, 2010 6:23pm Oct 20, 2010 6:23pm
Quoting tradtar
Hallo everyone, I'm new.
I want to have some feedback from you regarding a feeling I got during 2 months of trading where I also almost lost everything.
First I'm not an expert trader, but I do understand how technical analysis works, I did my 4 month testing, I read books and tried to challenge my feelings. Obviously my loss was due because I acted like a total idiot, because I am not in an emotionally stable mood to trade but also because I'm conviced that the system that controls the orders is wisely manipulated. I'm a fast trader. I catch the...
I live in Melbourne never get delays like you mention in execution, funny thing is on my work comp i had a minor delay on UK data, but on my home comp never. I do live 2km away from the exchange though. I would say your local internet maybe is an issue at times for you... have u tried a VPS yet?

Contact Go they can see the time it took for the order to reach them. I have called to confirm this in the past.

non stop losing, it's easy to blame the broker for poor results very hard to look in the mirror and say I'm a crap trader atm and need to reevaluate my trading system or style................

cheers,
  • #1,338
  • Oct 20, 2010 9:40pm Oct 20, 2010 9:40pm
Guys,

NAB replied my email and this time it's clear that I can open a banking account online but I need to go down to Singapore to be verified by NAB branch there.

I'm not permitted to post the reply by NAB due to the private contact numbers given in the reply but they gave a contact number +61 3 8641 9083 where a team of advisers can help those interested or by email [email protected].

I also like to thank Peter-FX,Apocalypto and the rest for all the assistance rendered to me.

Thanks
  • #1,339
  • Edited 3:42am Oct 21, 2010 3:28am | Edited 3:42am
Quoting goldcourse
Guys,

NAB replied my email and this time it's clear that I can open a banking account online but I need to go down to Singapore to be verified by NAB branch there.

I'm not permitted to post the reply by NAB due to the private contact numbers given in the reply but they gave a contact number +61 3 8641 9083 where a team of advisers can help those interested or by email [email protected].

I also like to thank Peter-FX,Apocalypto and the rest for all the assistance rendered to me.

Thanks

Hi goldcourse, are you thinking of going to Singapore for a holiday?
If you do, make sure you have sufficient evidence of identity for the bank.
Also make sure you will be able to transfer money online from your account, to your trading account at GoMarkets, within seconds or at least minutes. In fact I would get that in writing from them before I went to Singapore.

  • #1,340
  • Oct 21, 2010 3:42am Oct 21, 2010 3:42am
I've found GM to be pretty good.

Good spreads, good quick execution, very few requotes.

No complaints about customer service, I'm pretty happy with them.
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