Malaysia Banking Solution

Malaysia Banking Solution allows clients residing in Malaysia to make deposits in local currency (MYR). In this article, we will cover the Deposit and Withdrawal steps and explain the verification process.

• How to deposit with Malaysia Banking Solution?
• Documents required for Malaysia Banking Solution verification
• How to withdraw with Malaysia Banking Solution?

How to deposit with Malaysia Banking Solution?

Follow these steps to make a deposit using Malaysia Banking Solutions:

1. Log in to your MyFXTM Dashboard
2. From the left-hand menu navigate to 'My Money' > 'Deposit funds' 
3. Check the pre-selected trading account or wallet and enter the local currency amount you'd like to deposit. You may also enter the amount in your trading account currency (e.g. USD) and it will show the amount in local currency automatically.
4. Click the "Deposit" button next to "Malaysia Banking Solution"
5. Enter your bank account number and then click "Confirm".
6. Please recheck your deposit details and click "Submit". You will be redirected to the payment page with a list of available banks for payment.
7. Click on the bank name icon to proceed with the payment
8. You will be redirected to the bank page where you need to enter your login credentials for your Internet banking account.

You might be required to complete additional steps such as logging in, you will be required to authorize the transaction through your bank mobile application.  Once the transaction is complete, you will be redirected back to the MyFXTM Dashboard Transaction history page. 

Documents required for Malaysia Banking Solution verification

In order to verify the Malaysia Banking Solution Payment method and enable it for withdrawals, you need to upload the bank statement showing your name, account number, and the transfer made to us. Upload it on the Verify your Payment Method | MyFXTM Dashboard page. Once it is uploaded, our Back Office officers will check and process it within 24 hours. 

How to withdraw with Malaysia Banking Solution?

Once your payment method is approved, you can proceed to place a withdrawal, by following these steps:

1. Log in to your MyFXTM Dashboard
2. From the left-hand menu navigate to 'My Money' > 'Withdraw funds' 
3. Selected trading account or wallet and enter the amount you'd like to withdraw. You will see the equivalent in MYR that will be sent to your bank account.
4. Select the bank, enter the bank account number (it should be the same account number, used for deposit), and click "Submit".
5. Click the "Withdraw" button next to "Malaysia Banking Solution"
6. Enter your bank account number and then click "Confirm".
7. Please recheck your deposit details and click "Submit". You will be redirected to the payment page with a list of available banks for payment.