We found 11 online brokers that are appropriate for Trading Malay Forex.
Whether you are living in Malaysia or outside of the country, you might have come across some Malay Forex Brokers which offer platforms to trade Forex.
But before picking any broker in Malaysia, you will want to learn some of the below facts first.
Ten years ago, people could not find any Malay Forex brokers. Well, now it is easier to find them because currency trading has been made legal in most recent times.
The Malaysian government has been more flexible the last five years in terms of regulating and allowing currency trading.
They have started to legalize Forex trading just recently. However, there are some restrictions on depending where you conduct the trading activity.
You can consider asking around about the boundaries and restrictions. Make sure to equip yourself with abundant information which will not fail you in the world of trading.
Since the Malaysian government has just recently legalized Forex trading practice, it is important to note that there will be some unresolved issues that you need to pay attention to.
Regulations with Malaysian Forex brokers have yet to mature. There has been real effort from the Malaysian authorities to strive for solid and strict regulation, with the aim of providing a safe trading environment within the country.
You will want to pay attention to the Malaysian Ringgit. The Central Bank Negara Malaysia is the organisaton responsible for the currency.
It still has a long way to go but the Malaysian government has permitted Forex trading in the country.
In this case, brokers will be supervised by the Securities Commission in Malaysia under the umbrella of the Central Bank.
Regulation is still progressing so you will want to be more flexible when conducting Forex trading activities with specific Malay Forex brokers.
The Central Bank in Malaysia is the only one who can issue regulatory licenses granted to brokers. These licenses, just like financial regulators in any other country, can protect investors and traders.
The Central Bank will overwatch all of the activities of the brokers. The Malay Securities Commission is also aided by the Central Bank to control over fifty Forex brokers in Malaysia.
Yes, 50!
For most traders, fifty Forex brokers is not a small number. FYI, most of them are quite successful in Malaysia.
The Malaysian financial market has a very large trading volume making it attractive to both natives and foreigners who register with online platforms to trade in the Malay Forex markets.Under Bank supervision, both the traders and investors can rest assured that there in a level of regulation with funding money with brokers in Malaysia.
Focus on only Malay Forex brokers who have licenses issued by the Malay Central Bank.
The answer is a YES. You can rest assured that the forex trading activity in Malaysia is legal.
It works under the strict national financial laws. Both the residents can open a Forex account. Not to mention that the residents can also open a joint account. That means there can be more than one owner on a Forex trading account.
The Central Bank has clearly clarified that Forex trading in Malaysia is legal. Therefore, they make the moves to be authoritative in issuing the licenses. As a result, it will encourage residents to join with Forex trading platforms to speculate on the local and global financial markets.
The Malaysian Central Bank also allows the opening of joint accounts. So, one can join forces with their friends or family and manage a Forex account together.
The good thing here is that the Malay Forex brokers are also open for foreigners too. Well, of course, it really goes with the nature of Forex trading.
On a global trading scale, Malay forex brokers are still young.
So, it can be a great chance for you to be one of the first traders in Malaysian market. Malay has tons of great potential in terms of Forex trading.
It is safe to assume that Malay Forex brokers are able to service customers equally as well as the best brokerages in other parts of the world.
Malay Forex brokers offer demo accounts for new users to practice, gaining experience of the brokers platforms.
Demo accounts come with the virtual money. From there, users can test the water without using the real money.
The demo account will also help you to learn trading Forex in Malay Forex brokers. After you have gained some knowledge and experience, and feel ready to trade for real.
We have conducted extensive research and analysis on over multiple data points on Malay Forex Brokers to present you with a comprehensive guide that can help you find the most suitable Malay Forex Brokers. Below is a list of what we consider to be the best malay forex brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Malay Forex Brokers.
There are a number of important factors to consider when picking an online Malay Forex trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Malay Forex Brokers.
Compare Malay Forex Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are malay forex brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more malay forex brokers that accept malay forex clients
Broker |
IC Markets
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Roboforex
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XM
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Pepperstone
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NordFX
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XTB
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AvaTrade
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FP Markets
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Trading212
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EasyMarkets
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SpreadEx
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Rating | |||||||||||
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 1 | 5 | 200 | 1 | No minimum deposit | 100 | 100 | 1 | 100 | 1 |
Funding |
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Used By | 180,000+ | 1,000,000+ | 3,500,000+ | 400,000+ | 10,000+ | 581,000+ | 300,000+ | 10,000+ | 15,000,000+ | 142,500+ | 10,000+ |
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Accounts |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with nordfx |
Sign
Up with xtb |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
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Up with trading212 |
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Up with easymarkets |
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Up with spreadex |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Your capital is at risk | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XM Demo |
Pepperstone Demo |
NordFX Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Trading 212 Demo |
easyMarkets Demo |
SpreadEx Demo |
Excluded Countries | US, IR, CA, NZ, JP | US, JP, IR, RU | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, EU, RU, SY, KP, CU | US, IN, PK, BD, NG , ID, BE, AU | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR |
You can compare Malay Forex Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Malay Forex Brokers for 2023 article further below. You can see it now by clicking here
We have listed top Malay forex brokers below.