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 we shortlist what we think are 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.
Selecting a reliable and reputable online Malay Forex trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Malay Forex more confidently.
Selecting the right online Malay Forex trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for malay forex trading, it's essential to compare the different options available to you. Our malay forex brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a malay forex broker that best suits your needs and preferences for malay forex. Our malay forex broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Malay Forex Brokers.
Compare malay forex brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a malay forex broker, it's crucial to compare several factors to choose the right one for your malay forex needs. Our comparison tool allows you to compare the essential features 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 | Roboforex | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | 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) | 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 | 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), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | 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) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
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Up with nordfx |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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 | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | 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 | US, CA, IR |
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 2024 article further below. You can see it now by clicking here
We have listed top Malay forex brokers below.