Understanding FEA Rules for Trading in Foreign Stock Markets
Hello! If you’re trading in foreign stock markets, it’s important to understand the Foreign Exchange Administration (FEA) Rules . Below are some key points you should know: FEA Declaration - If you do not have domestic loan, you can convert any amount of MYR into other currencies - If you have domestic loan, you can convert up to RM1 million per year into other currencies. - This limit of RM1 million includes all earlier conversions made within the same year , even if you have already withdrawn your capital. - The RM1 million limit resets at the beginning of each calendar year . What Counts as a Domestic Loan? - Not considered a domestic loan: Having only one car loan and one housing loan. - Considered a domestic loan: 1. More than one car loan, or 2. More than one housing loan, or 3. Any other type of loan (e.g., PTPTN, personal loan, etc.). How to Update Your FEA Declaration in M+ Global App Go to : Me - User Profile - Foreign Exchange Administration (FEA) Declaratio...