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- This limit of RM1 million includes all earlier conversions made within the same year, even if you have already withdrawn your capital.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) Declaration

 

Happy Trading! 

Comments

Post a Comment

Popular posts from this blog

No-Brainer Investing in the US Stock Market: Why Index ETFs Like SPY, QQQ, and DIA Are Smart Choices

-
Image
  Investing in the US stock market can seem overwhelming for beginners, but one of the simplest and most effective ways to grow wealth over time is through index exchange-traded funds (ETFs) such as SPY (S&P 500 ETF), QQQ (Nasdaq-100 ETF), and DIA (Dow Jones Industrial Average ETF). These funds provide broad exposure to the top-performing companies in the US, making them a no-brainer investment for those looking for long-term growth. Here’s why investing in these ETFs is a solid strategy.  Before we go into ETFs, let us first understand more about US stocks and the US economy.   Why US TOP Companies Keep Growing and Stock Prices Keep Rising in the Long Run ? Historically, the US stock market has trended upward over the long term. This continuous growth is driven by several key factors: 1. Inflation Inflation causes the prices of goods and services to rise over time, which means companies generate higher revenues and profits. As businesses adjust their prices to keep ...
Read more

Want to open an M+ Global (MY/US/HK) account? Follow these steps~

-
Image
Hello! You can follow the steps below to open your M+ Online (Bursa)/ M+ Global (Foreign) account: IMPORTANT - Please follow all the steps below, as once the account is successfully opened no changes can be made Download M+ Global App: https://global.mplusonline.com/download 1) Switch to Phone tab and key in your Mobile phone number to register (SMS verification will be sent to your mobile phone). 2) Agreement and Disclosure page (as per attached below) : Key in Invitation Code - P3KI if you are applying any new account for Bursa/US/HK via M+, then kindly screenshot and send me                  3) - tick HK / US if want to trade any of these foreign markets - disable the Margin Account if you want to trade within your cash only 4) Fill in your particulars, and the related information in the fields - About FEA and domestic loan: Domestic loan refers to loans like housing loan or car loan - About TIN (tax identification number): you can inse...
Read more

The myth and the truth about investing in US market

-
Image
When I discuss investing in the US market with friends, they often share what they believe to be the truth about it. However, these beliefs are frequently incorrect. I share my thoughts below:   Myth 1 about US market: I'm s truggling to manage the Malaysian market and still exploring the US market?   The Truth: For the past ten years, investing in US index (ETF SPY) and you could have made 180% profit, compared to KLCI you still losing 11%.  US market has gone in uptrend for the past many decades mainly due to: i) Inflation: As inflation rises over time, consumer prices increase accordingly. This typically leads to higher nominal consumer spending, which directly boosts the revenue of U.S. companies. ii) Wage, Population, and Consumer Growth: Rising wages, population growth, and increasing consumer demand all contribute to higher spending, similar to the effect of inflation. These factors support long-term revenue and earnings growth for U.S. companies. iii) Political S...
Read more