Best Forex Brokers In Malaysia 2024

Forex trading is a popular way to make money in Malaysia, and there are a number of reputable brokers that offer services to Malaysian traders. In this blog post, we will discuss the top forex brokers in Malaysia, based on factors such as regulation, fees, and trading platforms. We will also provide tips on how to choose the best forex broker for your needs.

So whether you’re a beginner or an experienced trader, read on to learn more about the best forex brokers in Malaysia.

Key factors to consider when choosing a Forex broker in Malaysia:

1. Regulation: Make sure the broker is regulated by a reputable financial authority, such as the Bank Negara Malaysia or the Financial Conduct Authority.
2. Fees: Compare the fees charged by different brokers, including spreads, commissions, and withdrawal fees.
3. Trading platforms: Consider the different trading platforms offered by each broker, and choose one that is easy to use and that offers the features you need.
4. Customer support: Make sure the broker offers good customer support, so you can get help if you need it.

Best Forex Brokers In Malaysia In 2023

AssetsFX

Start Trading

Full Review

AssetsFX, a Forex broker established in 2013, provides online currency trading and CFD trading on metals, indices, and US and EU stocks. With over 180,000 traders worldwide, AssetsFX is known…

Founded :

2013

Headquarters :

Mauritius

Regulation :

FSC Mauritius registration number C207079 GBC and license number GB23201811.

Trading Desk :

ECN/STP

Min Deposit :

$1

Leverage :

1:500

Platforms :

MT4/MT5, Webtrader

RoboForex

Start Trading

Full Review

RoboForex Ltd, established in 2009, is a globally recognized financial brokerage company adhering to stringent regulatory standards under the Financial Services Commission of Belize. It offers diverse account types suited…

Founded :

2009

Headquarters :

Belize

Regulation :

FSC license No. 000138/333.

Trading Desk :

ECN

Min Deposit :

10

Leverage :

1:1000

Platforms :

MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R StocksTrader

FXRoad

Start Trading

Full Review

FXRoad is a leading online trading platform very low trading costs, charges no fees for deposits and withdrawals, and offers a great trading app powered by TradingView. FXRoad offers range…

Founded :

2023

Headquarters :

Mahe Seychelles

Regulation :

FSA Seychelles with a registration number 8426168-1

Trading Desk :

ECN

Min Deposit :

$250

Leverage :

1:200

Platforms :

WebTrader, FXRoad iOS App and FXRoad Android App

CapPlace

Start Trading

Full Review

CapPlace is a leading online trading platform, developed in providing traders of all levels with advanced analytical tools, a user-friendly interface and access to a diverse range of financial instruments…

Founded :

2023

Headquarters :

Comoros

Regulation :

MISA – MWALI International Services Authority license number T2023294

Trading Desk :

ECN

Min Deposit :

$250

Leverage :

1:200

Platforms :

Japanese

Finex

Start Trading

Full Review

FINEX is a leading broker providing the best conditions for trading Forex currencies, commodities and indices. FINEX founded in 2012 and are supervised by the regulator in Indonesia, namely BAPPEBTI…

Founded :

2012

Headquarters :

Indonesia

Regulation :

BAPPEBTI

Trading Desk :

ECN

Min Deposit :

$10

Leverage :

1:500

Platforms :

MT5

Bold Prime

Bold Prime

Full Review

Bold Prime was founded by several teams of experts in multiple sectors of the financial services industry who came together in collaboration to create an amalgamation of all the features,…

Founded :

2020

Headquarters :

Saint Vincent and the Grenadines

Regulation :

SVG FSA, International Business Companies

Trading Desk :

ECN

Min Deposit :

$15

Leverage :

1:2000

Platforms :

MT5, MT4

Doo Prime

Doo Prime

Full Review

Doo Prime Review Doo Prime, an online Forex and CFD trading company headquartered in the Cayman Islands, is a part of the Doo Group company. The company offers clients access…

Founded :

2014

Headquarters :

Vanuatu

Regulation :

Regulated by the SEC and FINRA in the U.S., the FCA in the UK, the ASIC in Australia, the FSA in Seychelles, the FSC in Mauritius, and the FSC in Vanuatu.

Trading Desk :

ECN/STP

Min Deposit :

$0

Leverage :

1:1000

Platforms :

MT4, MT5, Doo Prime InTrad, TradingView

Trive Invest

Start Trading

Full Review

Trive Investment B.V. delivers investment services through its investment platform. It has wholly owned subsidiaries spanning the globe from the United States to Europe, Africa, the Middle East, Indonesia, Australia,…

Founded :

2023

Headquarters :

British Virgin Islands

Regulation :

BVI FSC Regulated

Trading Desk :

ECN

Min Deposit :

$0

Leverage :

1:2000

Platforms :

MT4, MT5

ATROPI

ATROPI

Full Review

ATROPI LLC, is a global financial company which provides Forex Brokerage services to costumers around the world. The company has more than 12 years experience on online brokerage services, Which…

Founded :

2021

Headquarters :

Saint Vincent and the Grenadines

Regulation :

Comoros Mwali International Service Authority

Trading Desk :

ECN

Min Deposit :

$10

Leverage :

1:1000

Platforms :

MT5

XTrend Speed

XTrend Speed

Full Review

Exploring XTrend Speed, a Multi-Asset Trading Provider. If you’re in the market for trading in forex, indices, commodities, stocks and cryptocurrencies, then XTrend Speed might be the right choice for…

Founded :

2016

Headquarters :

South Africa

Regulation :

XTrend Speed is regulated by FSCA. The FSP license number is 23497.

Trading Desk :

ECN

Min Deposit :

$5

Leverage :

1:300

Platforms :

MT5, Proprietary

FXGT.com

Start Trading

Full Review

FXGT is a new breed of Forex broker. FXGT is the upshot of the digital transformation of currency markets and the widespread adoption of cryptocurrencies. We offer traders the stability…

Founded :

2019

Headquarters :

Seychelles

Regulation :

Financial Sector Conduct Authority (South Africa), Financial Services Authority (Seychelles), License number SD019

Trading Desk :

ECN/STP, Market Maker

Min Deposit :

$5

Leverage :

1:1000

Platforms :

MT4, MT5, Web, Mobile

TradeUltra

Full Review

TradeUltra is a leading STP broker in Asia headquartered in Malaysia. Since its establishment in 2013, TradeUltra operating its business with trust and transparency. TradeUltra is regulated by the Labuan…

Founded :

2013

Headquarters :

Regulation :

Labuan Financial Services Authority Malaysia with License number MB/20/0059, FSC Mauritius & Registered in Saint Vincent and the Grenadines

Trading Desk :

STP

Min Deposit :

100

Leverage :

1:500

Platforms :

MT4, MT5

IUX Markets

Start Trading

Full Review

The online CFD trading company IUX Markets was founded in London in 2016. The trading journey of an IUX Markets customer is extremely important to us, and as a result,…

Founded :

2016

Headquarters :

Cyprus

Regulation :

FSC Mauritius, FSA Saint Vincent and the Grenadines under registered number 26183 BC 2021 and FSCA in South Africa, with FSP No. 53103

Trading Desk :

STP

Min Deposit :

USD 10

Leverage :

1:3000

Platforms :

MT5, IUX App Trade and IUX WebTrader

Exness

Exness

Full Review

Since 2008, Exness Trading Company has operated in the forex market. The Republic of Seychelles-registered business Nymstar Limited oversees the broker’s operations. Licenses from the CySEC (Cyprus Securities Commission), FCA…

Founded :

2008

Headquarters :

Limassol

Regulation :

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk :

ECN

Min Deposit :

$1

Leverage :

1:2000

Platforms :

MT4, МТ5, MultiTerminal, MT4 Web-Terminal, Mobile Platforms

BlackBuII Markets

BlackBull Markets

Full Review

BlackBull Markets is a true regulated ECN broker. BlackBull Markets was founded in Auckland, the technology-focused, financial capital of New Zealand. In 2014, BlackBull Markets’ founders decided to collaborate in…

Founded :

2014

Headquarters :

New Zealand

Regulation :

Seychelles – Company No. 857010-1, BlackBull Group UK Limited (Company Number – 9556804), New Zealand – NZBN 9429049891041

Trading Desk :

ECN

Min Deposit :

200

Leverage :

1:500

Platforms :

Trading View, MT4, МТ5, Webtrader, Mobile Platforms

Is Forex Trading Legal In Malaysia

Yes, forex trading is legal in Malaysia, as long as it is conducted with a licensed money service business provider under Malaysia’s Money Service Business Act of 2011, or with a regulated broker under the Exchange Control Act of 1953. The Securities Commission of Malaysia (SCM) maintains a list of unregulated forex brokers that Malaysian residents should avoid.

Our Recommendation

Choosing the best forex broker in Malaysia can be a daunting task, but it is important to do your research and choose a broker that is reputable and regulated. The brokers listed in this blog post are all regulated by the Securities Commission of Malaysia (SCM), and they offer a variety of features and services that can meet the needs of different traders.

It is important to consider your individual needs and trading style when choosing a forex broker. Some factors to consider include the broker’s fees and commissions, the range of trading instruments offered, the level of customer support, and the educational resources available.

Once you have chosen a forex broker, it is important to open a demo account and practice trading before you start trading with real money. This will help you to get familiar with the platform and to test out different trading strategies.

Forex trading can be a profitable way to invest, but it is important to remember that there is always risk involved. It is important to trade with caution and to only invest money that you can afford to lose.