Local Bank Transfer Options
Bank Name | Processing Time | Working Hours | Minimum Amount |
Maybank | 1-4 hours | 9:00-17:00 | RM60 |
CIMB | 1-4 hours | 9:00-17:00 | RM60 |
Public Bank | 1-4 hours | 9:00-17:00 | RM60 |
RHB | 1-4 hours | 9:00-17:00 | RM60 |
Electronic Payment Systems
FXPrimus integrates multiple electronic payment solutions for Malaysian traders. E-wallet options include local and international payment processors. The platform supports deposits through Touch ‘n Go, Boost, and GrabPay. Electronic payments process instantly with real-time account crediting. Transaction limits vary based on payment provider regulations. The system maintains separate processing channels for different e-wallet providers.
Electronic Payment Methods:
- Touch ‘n Go eWallet
- Boost
- GrabPay
- FPX online banking
- MAE by Maybank
- BigPay
- ShopeePay
Cryptocurrency Deposit Procedures
Malaysian traders access cryptocurrency deposit options through dedicated payment gateways. The platform accepts Bitcoin, Ethereum, and USDT deposits. Crypto transactions process through secure blockchain networks with multiple confirmations. The system generates unique deposit addresses for each transaction. Cryptocurrency deposits convert automatically to account base currency. Exchange rates calculate at current market prices. International Card Payments FXPrimus processes international card payments through secure payment gateways. Credit and debit card deposits support multiple currencies including MYR. Card transactions undergo 3D Secure verification for enhanced security. The system maintains records of verified cards for future transactions. Processing times for card payments range from instant to 24 hours. Card deposits require initial verification through documentation submission.Card Type | Processing Time | Daily Limit | Monthly Limit |
Visa | Instant | RM30,000 | RM100,000 |
Mastercard | Instant | RM30,000 | RM100,000 |
UnionPay | 1-24 hours | RM50,000 | RM150,000 |
Account Funding Verification
FXPrimus implements systematic verification procedures for deposit processing. First-time deposits require completion of account verification steps. The system validates deposit sources against registered payment methods. Transaction monitoring ensures compliance with anti-money laundering regulations. Documentation requirements vary based on deposit method and amount.Verification Requirements
- Government-issued ID
- Proof of address
- Bank statement
- Card verification
- Source of funds
- Payment method ownership proof
Currency Conversion Processing
The platform handles currency conversions for Malaysian ringgit deposits automatically. Exchange rates update in real-time based on market conditions. The system applies standard forex market spreads to conversions. Currency conversion fees incorporate into exchange calculations. Multiple base currencies support different trading account types.Deposit Limits Structure
FXPrimus maintains structured deposit limits based on account types and verification levels. Limit tiers increase with enhanced verification status. The system implements daily and monthly transaction limits. Special arrangements accommodate large deposits through dedicated channels. Deposit limits adjust according to regulatory requirements.Account Level | Daily Limit | Monthly Limit | Verification Level |
Basic | RM10,000 | RM30,000 | Standard |
Advanced | RM50,000 | RM150,000 | Enhanced |
Premium | RM100,000 | RM300,000 | Full |
Payment Processing Security
FXPrimus employs multiple security layers for deposit processing protection. SSL encryption secures all transaction data transmission. Two-factor authentication requirements protect payment authorizations. The system implements real-time fraud detection monitoring. Security protocols verify payment source legitimacy.Corporate Account Deposits
Malaysian corporate traders access specialized deposit channels through dedicated account managers. Corporate deposits require enhanced documentation verification. The system supports larger transaction volumes through optimized processing channels. Special rates apply for significant deposit amounts. Corporate accounts maintain separate processing queues for expedited handling.
Corporate Requirements
- Company registration documents
- Director identification
- Bank reference letters
- Financial statements
- Trading authority documentation
FAQ:
Malaysian traders can start with a minimum deposit of RM60 through local bank transfers or electronic payment methods.
Local bank transfers typically process within 1-4 hours during Malaysian banking hours (9:00-17:00 Monday to Friday).
Yes, FXPrimus accepts deposits in Bitcoin, Ethereum, USDT, and other major cryptocurrencies with automatic conversion to account base currency.