Top Malaysia Brokers for 2022

We found 11 online brokers that are appropriate for Trading Malaysia.

Best Malaysia Brokers Guide

Updated May 25, 2022

Malaysia Financial Markets

Malaysia Brokers

Financial markets in Malaysia are the financial markets where investors can buy and sell stocks, bonds, futures, options and other securities. The Kuala Lumpur Stock Exchange (KLSE) is the main stock exchange in Malaysia. It was established on 8 October 1973.

The KLSE has a market capitalisation of RM1.8 trillion as of 31 December 2015. This is equivalent to US$534 billion or US$846 billion based on the exchange rate of 4 January 2016.

How Many People Trade The Financial Markets In Malaysia?

According to the Securities Commission Malaysia (SC), there are about 600,000 individual investors in Malaysia. The number of active traders is estimated at about 200,000 individuals.

What Is The Average Trading Volume Per Day?

The average daily trading volume for the past 12 months is RM1.2 billion. This represents about 5% of the total market capitalisation of listed companies on Bursa Malaysia.

Where Can I Trade In Malaysia?

There are many options to trade in Malaysia. The most popular is the Bursa Malaysia (www.bursamalaysia.com), which is the stock exchange of Malaysia.

Malaysian Trading Options Include:

KLSE Ventures Exchange (KLSE)

The KLSE Ventures Exchange (KLSE) – www.klse.com – This is a small exchange that trades mainly in stocks and warrants but also has some commodities such as gold and silver bullion listed on it. It’s an interesting exchange for those who like to dabble in stocks and warrants, but don’t want to have to deal with all the paperwork involved with trading on the Bursa Malaysia or other exchanges around the world.

Kuala Lumpur Gold Exchange (KLGX)

The Kuala Lumpur Gold Exchange (KLGX) – www.klgx.com – This is another small exchange that deals mainly in gold bullion, although it does have some other precious metals listed on it as well, such as silver and platinum bullion coins and bars, plus palladium bullion coins and bars too.

Kuala Lumpur Commodity Exchange (KLCE)

The Kuala Lumpur Commodity Exchange (KLCE) – www.kualalumpurcommoditiesexchange.com – This is a smaller commodity exchange that deals mainly in agricultural products such as palm oil futures contracts, rubber futures contracts, sugar futures contracts and cocoa futures contracts among others; however, there are also some energy-related commodities available here too including crude oil futures contracts and coal futures contracts amongst others too!

Kuala Lumpur Commodity Exchange (KLCE)

The Malaysian International Shipping Corporation Berhad (MISC). This company operates one of the largest container shipping fleets in the Asia Pacific region with over 100 vessels transporting goods between ports around the Asia Pacific region including Australia, New Zealand, China, Japan & Korea etc., so if you’re looking for a way to invest your money into shipping containers then this might be something worth considering!

As you can see there are plenty of ways to invest your money here in Malaysia; however I would recommend sticking with just one or two at first until you get used to how things work here before venturing out into any more investments!

How To Open A Trading Account In Malaysia

First, you need to open a trading account with any of the brokers and trading platforms in Malaysia. For example, you can open an account with eToro or XTB.

Second, you need to fund your trading account. You can fund your trading account via wire transfer or credit card payment.

Third, after funding your trading account, you need to research stocks or other financial investments to trade-in. You are ready to start trading online in Malaysia.

Trading Fees In Malaysia

Trading fees vary from broker to broker in Malaysia.

Currently, the Malaysian Securities Commission (“MSC”) and the Securities Commission Malaysia (“SCM”) have an objective to reduce the trading fees on the secondary market. They have proposed the implementation of the Market Making and Margin Trading Fees Order 2018 which would allow the MSC to charge market-making and margin trading fees on the secondary market.

How to Invest In the Stock Market in Malaysia?

The Stock Market is the place where you can invest your money in companies that are listed on the stock exchange. It is a great way to make money because if you buy shares of a company when it’s cheap, and then sell them when they become expensive, you will make a profit.

There Are A Few Ways To Do This:

  1. You can buy stocks directly from the stock exchange.
  2. You can purchase stocks through an investment broker.
  3. Trade in stock CFDs with your Malaysian broker.
  4. Trade in fractional stocks and shares with your Malaysian broker.

Are Brokers Legal in Malaysia?

Brokers are legal in Malaysia. The Malaysian Securities Commission (SC) has issued a circular to regulate the activities of securities brokers and dealers. This is to ensure that they comply with all requirements under the Capital Markets and Services Act 2007 (CMSA).

Which Broker Is Best For Bursa Malaysia?

The best broker for Bursa Malaysia is the one that provides you with the most features and tools at a competitive price. In this case, we recommend eToro as it offers more than just trading in Bursa Malaysia. It has a social network aspect to it where you can connect with other traders, share ideas and tips, and even copy their trades.

If you are looking for a simple platform that just focuses on trading in Bursa Malaysia then XTB has a good reputation. They offer great prices on all of their markets and have some of the best spreads available online.

What Is The Best Trading App In Malaysia?

The most popular and reputable trading apps in Malaysia are eToro, IC Markets and XTB. We have tried many trading apps in Malaysia. There is no app that can make you rich overnight, trading the financial markets can be risky.

There are many trading apps out there that offer a free demo account, but the problem is that it will be very hard to trade with real money because of the fear of losing money.

The best way to learn how to trade is by practising on a demo account first before you put your own money into it. If you don’t know where to start, here are some tips on how to choose a forex broker in Malaysia:

Low Spreads Malaysian Brokers

Choose a Malaysian forex broker with low spreads (for example 1 pip) and high leverage (1:500).

This will allow you to earn more profit when the price moves up or down by 1 pip.

High Liquidity Malaysian Brokers

Choose a forex broker with high liquidity so that your order can be filled easily even during volatile market conditions.

Demo Account Malaysian Brokers

Choose a forex broker who offers a free demo account so that you can practice trading without risking your own money.

Malaysia Brokers With Educational Resources

Choose a forex broker who offers educational material such as video tutorials, webinars and e-books so that you can learn more about the basics of forex trading before making any decision to invest your own money into it.

Malaysia Brokers With Mobile Apps

Choose an online platform that has a mobile app so that you can trade anytime anywhere from your smartphone or tablet device even when travelling overseas! You should also check out our list of recommended brokers for Malaysians here!

Malaysia Brokers With Customer Support

Most traders in Malaysia use brokers found overseas. This is mainly because they are regulated by esteemed financial services bodies and offer a vast variety of tradeable markets.

That being said, your preferred platform must offer customer services, twenty-four-seven.

This ensures that you are not required to find a representative in the middle of the night. The best platforms in Malaysia offer assistance via live chat.

Malaysia Brokers With Thorough Regulation

Brokers conducting business on Bursa Malaysia should be regulated by the SCM (or Securities Commission Malaysia). They should also have the authority to openly operate on the Malaysia Bursa so they can conduct trades on the exchange. Generally, all financial corporations, stockbrokers included, must be regulated by the SCM.

What To Consider When Opening A Brokerage Account In Malaysia

If you are Malaysian and new to investing, you are most likely figuring out how to buy shares in Malaysia and set up a brokerage account. You could also be a foreigner wishing to invest directly via a Malaysian brokerage. Either way, it is crucial to choose a brokerage that fits your preferences and requirements. Following are the factors to consider when considering a brokerage account:

CDS Account Vs Nominee Account

Before you open a brokerage account with a broker, you will be required to set up a CDS account, also known as a Central Depository System account. A brokerage account enables you to trade shares via your broker. A CDS account tracks the ownership of Malaysian securities stocks listed on Bursa Malaysia.

When you invest in the shares of a publicly listed corporation, they will be recorded in your CDS account. Once you sell the shares, they will be moved out of your account. Foreigners can also open CDS account considering they have bank accounts in Malaysia. A CDS account is better since it allows more control. In case a trader opens another trading account, they will have to open another CDS account.

On the other hand, you can also set up a nominee account. A nominee account means that your nominee (your chosen financial institution or stock brokerage platform) will be holding the shares you invest in. However, you will still be the owner. Your nominee will handle your paperwork for you, i.e., the paperwork related to owning these shares.

It might be tiresome for some foreigners to set up a bank account. A nominee account is more convenient in that case. Some brokerages charge nominee account owners added fees for handling dividends and so on.

Margin Account Vs Cash Account

Stock brokerage firms normally offer two kinds of accounts, i.e., a margin account and a cash account. Margin accounts allow traders to borrow cash from their brokers to invest in shares. The amount borrowed may be contingent on the value of their cash as well as the shares they use as collateral (borrowing as much as two times the cash in their account). Before trading on a margin, the trader may earn more gains since they have borrowed additional funds to invest in more shares. That said, if the trader’s share prices plummet, they will face losses.

Cash accounts are relatively simpler, they allow traders to invest using the money they already have in their accounts. When the traders decide to invest in shares, they will have to deposit cash into their user accounts to complete trades. For beginners, it may be better to minimize risk by opting for a cash account.

The Types Of Investment Products Offered

Generally, all brokerage firms found in Malaysia are identical in terms of their service offerings. Traders can trade common shares, warrants, preference shares, ETFs (exchange-traded funds), exchange-traded bonds, business trusts, stapled securities, REITs (real estate investment trusts), and ETBS (sukuk) listed on Bursa Malaysia.

In the case of equity, commodity, and derivatives trading, options and futures included; such activities are handled under Bursa Malaysia Derivatives, owned by Bursa Malaysia.

A Stockbroker’s Role

The ideal stockbroker must help their clients complete the execution of their trades. A stockbroker should follow their client’s investment goal. If they understand that their client is a medium or long-term investor, they should not be offering them tips and advice that is not helpful for their investment goals.

Access

Online access, contrary to offline access is a lot more convenient and cost-effective. The platforms offered today are designed to be easy for traders to trade stocks, even if they are not tech-savvy. Overall, there is a lot less room for mistakes. In case anyone is not confident about the platform’s features, they can contact their stockbroker for assistance. It is also recommended for traders to choose a brokerage that has an office nearby, the way they can visit them in case they need further assistance.

Malaysia Brokers Verdict

You will come across a lot of brokerage platforms in the brokerage platform scene. The most important point to keep in mind is that you must always do your research before joining a broker. This includes metrics such as leverage, charges, tradeable products, regulation, and payments. The platform must also be easy to navigate since you do not need to spend extra time trying to understand the platform before conducting trades.

Best Malaysia Brokers

We've collected thousands of datapoints and written a guide to help you find the best Malaysia Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best malaysia brokers below.

Trading in Malaysia

When trading in Malaysia you will need to know what your options with your Malaysia trading broker are.

We list below the trading account types available in Malaysia. If you are looking for brokers in Malaysia that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Malaysia broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in Malaysia

Forex trading is growing in popularity in Malaysia. The volume of Forex traded in Malaysia has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in Malaysia and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in Malaysia?

Their is a misconception that trading Forex on the financial market in Malaysia is considered unsafe. This is not the case, Forex trading in Malaysia is very active.

Trading in Forex is allowed in Malaysia as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Malaysia Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in Malaysia?

Once a traders profits reach a level where the income on the Forex trading can be taxed in Malaysia the trader should make sure all taxes owed for a financial year are paid. Malaysia taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Malaysia. You should seek advice with a Malaysia tax professional to ensure they are abiding by all proper tax laws in Malaysia. In Malaysia Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in Malaysia

Cryptocurrency markets in Malaysia are relatively new and their availability are subject to local financial regulation. Because Cryptocurrency works on decentralised assets in Malaysia things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Malaysia for example.

Due to a large young population in Malaysia with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Malaysia. $6 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in Malaysia

In Malaysia commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in Malaysia since 2002.

Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Malaysia are able to take advantage of this demand.

We list brokers that allow you to trade commodities in Malaysia here.

Islamic Accounts in Malaysia

Malaysia brokers support Islamic accounts or swap-free accounts. Malaysia Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Malaysia offer accounts that are suitable for Islamic traders. These Malaysia brokers complies with Sharia law.

Benefits of Trading in Malaysia

Malaysia economy and population is growing. The middle class population in Malaysia is increasing which means a growing consumer base. Many business and financial opportunities exist in Malaysia. Malaysia has a young population educated in technology and the internet.

Concerns of Trading in Malaysia

Malaysia digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Malaysia guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. Malaysia Brokers offering high leverage trades in Malaysia can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Malaysia brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Malaysia Brokers Checklist

There are a number of important factors to consider when picking an online Malaysia trading brokerage.

It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable Malaysia broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Malaysia Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Malaysia Brokers of 2022 compared

Here are the top Malaysia Brokers (MY).

Compare Malaysia Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are malaysia brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more malaysia brokers that accept malaysia clients

Broker IC Markets Roboforex XTB AvaTrade Pepperstone XM FP Markets Trading212 NordFX EasyMarkets FXPro
Rating
locality IC Markets accept Malaysia clients Roboforex accept Malaysia clients XTB accept Malaysia clients AvaTrade accept Malaysia clients Pepperstone accept Malaysia clients XM accept Malaysia clients FP Markets accept Malaysia clients Trading 212 accept Malaysia clients NordFX accept Malaysia clients easyMarkets accept Malaysia clients FxPro accept Malaysia clients
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa Central Bank of Ireland, 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) 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 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Min Deposit 200 1 No minimum deposit 100 200 5 100 1 1 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 10,000+ 250,000+ 300,000+ 89,000+ 3,500,000+ 10,000+ 15,000,000+ 10,000+ 142,500+ 1,866,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, 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, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets
Sign Up with
roboforex
Sign Up with
xtb
Sign Up with
avatrade
Sign Up with
pepperstone
Sign Up with
xm
Sign Up with
fpmarkets
Sign Up with
trading212
Sign Up with
nordfx
Sign Up with
easymarkets
Sign Up with
fxpro
Risk Warning Losses can exceed deposits Losses can exceed deposits 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. 71% of retail investor accounts lose money when trading CFDs with this provider 74-89 % of retail investor accounts lose money when trading CFDs Your capital is at risk 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. Losses can exceed deposits Your capital is at risk 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
AvaTrade
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
Trading 212
Demo
NordFX
Demo
easyMarkets
Demo
FxPro
Demo
Excluded Countries AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US, JP US, IN, PK, BD, NG , ID, BE, AU BE, BR, KP, NZ, TR, US, CA, SG 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, IL, KR, IR, MM, CU, SD, SY US, JP, NZ US, CA No US US, CA, IR


All Malaysia brokers in more detail

You can compare Malaysia 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 Malaysia Brokers for 2022 article further below. You can see it now by clicking here

We have listed top Malaysia brokers below.

Malaysia Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Central Bank of Ireland, 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)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by 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
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. 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. Trading 212 offers Stocks, Forex, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
FXPro
(3/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)

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Losses can exceed deposits
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Losses can exceed deposits