How a money figure is checked · Malaysia

Three kinds of statement, three different rules

Money statements on this site fall into three groups and each is handled differently. A published term is something the broker states in its own material — an entry deposit, a commission per lot, a spread the line starts from. A register record is something a public authority holds — a licence number, an entry on a warning list. A derived figure is arithmetic this site performs on the first two, such as the round-turn cost of a trade.

Published terms carry the page and the read date. Register records carry the register and the date it was checked. Derived figures show the inputs they were derived from, so a reader can redo the sum and disagree with it.

A published term: the page it is on, and the day it was read

A published term is taken from the broker's own page, not from a comparison site, a screenshot or a press release. The address of that page and the date it was read are stored with the figure, and both are shown next to it in the text. If the broker changes the page, the figure here is stale until the next re-read — which is exactly why the date is printed rather than hidden.

Published spreads are labelled as starting points, because they are variable by nature: a line quoted «from 0.0 pips» is not a promise of 0.0 pips at any particular moment, and this guide does not present it as one.

A register record: what it says, and what it does not

Regulator records are quoted in the register's own words with the entry year and the date the register was checked, and the register is linked so a reader can open it. The Securities Commission Malaysia's Investor Alert List is the one that matters most for Malaysia: an entry there records that an activity is not licensed locally. The entry this guide cites for Vantage Markets is dated 2021 and was read in that register on 15 September 2026; every page that quotes it carries the same year and the same read date. It is not a finding of fraud and not a court judgment, and this guide says so every time it cites it.

A licence number in another jurisdiction is reported the same way: the entity it belongs to, the authority that issued it, and — where the authority runs a public register — the fact that the number can be looked up there.

Figures this guide will not print

Four kinds of number are refused outright. A cost the broker does not publish and this site has not measured. A response or withdrawal time presented as typical without a measurement behind it. A spread or execution figure without a statement of when and how it was obtained. And any figure that appears only in third-party summaries, with no primary document behind it.

When a reader's question needs one of these, the page answers with the method instead of a number: what to check, where, and what a good answer would look like. That is less satisfying than a figure and considerably more useful than an invented one.

Currencies, decimals and the ringgit

Figures keep the currency and the decimal form of the document they came from; a dollar amount in a broker's terms stays a dollar amount here rather than being converted into ringgit at a rate that would be out of date within the day. Where currency conversion matters to a reader's cost, the page explains the mechanism — a ringgit payment into an account denominated in another currency crosses a provider's rate on the way in and again on the way out — without quoting a rate.

Percentages, lot sizes and pip values are written in the form the broker's own calculator uses, so that a reader comparing the two pages is comparing like with like.

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