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Fort Financial Services, trading as FortFS, said on Tuesday it has made available to clients in Malaysia fund transfers via local banks. The broker accepts deposits and allows withdrawals using the new payment options.
The broker supports transfers in Malaysian ringgit (MYR) via MyBank, Cimb Bank and Standard Chartered banks. Traders in Malaysian, where FortFS operates primarily through introducing brokers (IBs), can use make transfers to and from their accounts with the supported banks.
Investors can fund their trading accounts with $500-$50,000 or the equivalent in another currency. The minimum allowed withdrawal amount is $500 and the maximum – $10,000 (or the equivalent). Local bank transactions are processes within 48 hours and are subject to no additional fees.
FortFS offers other regional payment systems, too (see details on the side).
Fort Financial Services, formerly known as TradeFort, was established in 2010 in Belize and holds a license by the International Financial Services Commission (IFSC) of Belize. It operates offices in Belize, Malaysia, and Indonesia. The broker offers a wide range of tradable instruments, including forex, indices, commodities, metals, contracts for difference (CFDs), as well as binary options.