Top Malaysia Brokers for 2022

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

Best Malaysia Brokers Guide

Updated December 02, 2022

Malaysia Financial Markets

Malaysia Brokers

In Malaysia, you will come across financial markets where investors can buy and sell stocks, shares, bonds, options, futures, and other securities. The Kuala Lumpur Stock Exchange (KLSE), now referred to as Bursa Malaysia, is the main stock exchange in Malaysia. It was founded on October 8, 1973.

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

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 Forex traders is estimated at approximately 200,000.

What Is The Average Trading Volume Per Day?

Malaysia's average daily stock trading volume for the last 12 months has been RM1.2 billion. This represents around 5% of the total market capitalisation of the listed companies on Bursa Malaysia.

Where Can I Trade In Malaysia?

There are many options for Forex trading in Malaysia. The most popular is Bursa Malaysia (www.bursamalaysia.com), which is - as we've mentioned before - the largest and one of the best Forex brokers Malaysia.

Malaysian trading options include:

KLSE Ventures Exchange (KLSE)

The KLSE Ventures Exchange (KLSE) is a small exchange that trades primarily in stocks and warrants. In addition to that, it also has some commodities that include silver and gold bullions listed on it. It offers an interesting exchange for those who are interested in stocks and warrants but don't want to deal with all the paperwork that comes with trading on the Bursa Malaysia or other Forex brokers around the world.

Kuala Lumpur Gold Exchange (KLGX)

The Kuala Lumpur Gold Exchange (KLGX) (www.klgx.com) is another small exchange that primarily deals in gold bullion.

However, it also has some other precious metals listed on it, such as silver, palladium, and platinum bullion coins and bars.

Kuala Lumpur Commodity Exchange (KLCE)

The Kuala Lumpur Commodity Exchange (KLCE) is a smaller commodity exchange that deals in agricultural products such as sugar futures contracts, palm oil futures contracts, rubber futures contracts, and cocoa futures contracts, among many others.

Moreover, you can gain access to some energy-related commodities available here, including coal futures contracts and crude oil futures contracts, amongst others!

Kuala Lumpur Commodity Exchange (KLCE)

The Malaysian International Shipping Corporation Berhad is a company that operates one of the largest container shipping fleets in the Asia-Pacific region, with over 100 vessels transporting goods between ports, including Australia, New Zealand, China, Japan, Korea etc.

So, if you are interested in investing your money into shipping containers, then this might be something you should consider.

Starting Off Slow With Trading in Malaysia

As you may have guessed from the details mentioned above, there are tons of ways to invest your money in Malaysia. However, we would recommend sticking to just one or two at first. This will help you gain trading experience before you venture into any more investments.

How To Open A Trading Account In Malaysia

Creating retail investor accounts in Malaysia is simple and straightforward and barely takes a few minutes. All you need to do is follow the step-by-step instructions given below:

Find The Best Forex Broker And Create An Account

Firstly, you need to create a Forex trading account with any of the best Forex brokers and trading platforms that cater to traders in Malaysia. For instance, you can register for an account with either eToro or XTB - two of the best Forex brokers in Malaysia.

Replenish your Malaysian Trading Account

Secondly, you must fund your retail investor accounts. To do so, you can use payment alternatives such as wire transfer, Paypal, Apple Pay, bank transfers, or credit card payment.

Technical analysis and research

Thirdly, after replenishing your account, you need to do your research on stocks and other financial investments you are interested in trading in.

Start Trading in Malaysia

Now, you are ready to start trading with the best brokers in Malaysia. It is important to remember that trading comes with a high risk of money loss, so tread carefully as you can start losing money rapidly.

Do Forex Brokers Charge A Trading Fees In Malaysia

In Malaysia, trading fees may vary from broker to broker. These trading fees may include deposit fees, inactivity fees, withdrawal fees, trading CFDs commission fees, etc.

Currently, the Malaysian Securities Commission (MSC) and the Securities Commission Malaysia (SCM) are aiming to reduce the allocated trading fees on the secondary broker market.

The Market Making And Margin Trading Fees Order 2018

These authorities have suggested executing the Market Making and Margin trading fees order 2018, which would permit the MSC to charge margin trading and market-making fees on the secondary market.

How To Invest In The Stock Market In Malaysia?

Stock Markets are where you can invest your funds in companies listed on the stock exchange. You can profit from the stock exchange if you buy shares of a company when they are cheap and sell them when their value rises.

Investing In The Malaysian Stock Market

You can profit off of your investments at the top Forex brokers through the following:

  1. You can buy stocks you are interested in directly from the stock exchange.
  2. You can buy stocks via an investment broker in Malaysia.
  3. You can start trading CFDs with your Malaysia broker.
  4. You can invest in fractional stocks and shares with your Malaysia broker.

Is Trading Forex Legal in Malaysia?

Forex brokers are legally permitted to operate in Malaysia. The Malaysian Securities Commission (SC) has administered a circular to regulate the operations of reputable securities brokers and dealers.

This is to ensure that these Forex brokers Malaysia comply with all requirements listed under the Capital Markets and Services Act 2007 (CMSA).

Which Forex Broker Is Best For Trading Forex Malaysia?

The best broker for trading in Malaysia is the one that delivers you the most features and services at competitive prices. Therefore, we recommend eToro, one of the best Forex broker platforms, as it features a lot more than just Forex trading.

This broker has a social trading aspect where you can link with other Forex traders, share ideas and tips with one another, and even copy other people's trades.

The Best Trading Platforms Centered Around The Malaysian Trading Market

If you are looking for top Forex brokers that mainly focus on trading in Malaysia, then XTB is your best bet. It is among the best Forex brokers Malaysia, offers excellent prices on all of its offered markets, and features some of the best spreads available online, i.e. its minimum spread is 0.5, while the average spread for the EUR/USD currency pair is 1.02.

What Is The Best Trading App For Forex Trading In Malaysia?

We have tried numerous Forex broker trading apps in Malaysia to help our audience make an informed decision. Doing so, we have concluded that among the top Ferox brokers that offer trading apps in Malaysia are eToro, IC Markets, and XTB.

Regardless of the Forex trading app you choose to opt for, it is important to remember that no app can make you rich overnight. Also, trading in the financial markets comes with high risk, especially when trading CFDs; make sure to affiliate yourself with a reputable broker, so you don't lose money when trading.

There are many mobile trading apps that allow users to create a free demo account and practise their strategies. However, the problem is that traders might find it tough to trade with real money because of the fear of losing it.

How To Choose A Forex Broker In Malaysia

Before you decide to invest your own money, it is better that you learn the dos and don'ts of trading by practising on a demo account. If you don't know where to start, here are some tips that can help you choose a forex broker in Malaysia:

Low Spreads By Brokers In Malaysia

Choose a Malaysian forex broker with a low average spread (for example, one pip) and high leverage (1:500).

This will give you an opportunity to earn more profit when the prices go up or down by a difference of one pip.

High Liquidity Brokers in Malaysia

Choose a forex broker that offers high liquidity so that your order can be filled out easily, even when the market is facing volatile conditions.

Demo Account Offered By brokers in Malaysia

Pick a Forex broker who offers a free demo account so that you can practice trading without risking your own money, especially when trading CFDs.

Malaysia Brokers With Educational Resources

Choose forex brokers in Malaysia who offer research tools for technical analysis and educational material such as video tutorials, financial advisory services, webinars and e-books devised by their research team.

In this way, you can learn about the basics of Forex trading before you decide to invest your hard-earned money into it.

Forex Brokers in Malaysia Offering Mobile Apps

Make sure your chosen regulated broker offers a trading app so that you can trade from anywhere, at any time, using your smartphones or tablet devices.

If you're interested in an excellent on-the-go experience, you should check out our recommendations that indicate the best Forex brokers for Malaysians

Malaysia Brokers With Customer Support

Most Malaysian traders tend to go for overseas Forex brokers. This is mainly because respectable financial services and regulatory bodies regulate these online brokers. Also, they provide a wide range of trading markets.

That being said, it is also extremely crucial that your preferred online brokers offer efficient customer support, which is available twenty-four-seven.

The best brokers in Malaysia assist customers and offer risk management via live chat. This ensures that whenever you stumble upon a problem, the Forex broker 's customer support staff will be just a click away, even in the middle of the night.

Regulated Brokers

Online Brokers conducting their business on the Malaysian stock maeket should be regulated by the SCM (or Securities Commission Malaysia). This broker regulation safeguards consumers since Forex trading is a high risk business, even for experienced traders. A regulated broker also has the liberty to operate openly on in Malaysia and conduct trades on the stock exchange.

Every financial enterprise, stock brokers included, is required to be regulated by the Securities Commission Malaysia.

Other regulatory authorities that oversee Forex market trading in Malaysia include the Malaysia Central Bank and The Bank Negara Malaysia.

Moreover, it is also thought to be beneficial if a corporation holds a Capital Markets Services License (CMSL).

What You Need To Consider When Registering For Retail Investor Accounts In Malaysia

If you are a resident of Malaysia and a rookie when it comes to investing, it is most likely that you are trying to figure out how to buy shares and set up brokerage retail investor accounts. Or, you may be a foreigner who is interested in trading directly via a Malaysian broker.

Either way, choosing top Forex brokers that best suit your demands and preferences is crucial. Following are some of the factors that you should take into account when considering making retail investor accounts at a Malaysian broker:

CDS and Nominee Accounts

Before you create retail investor accounts with a broker, you must set up a CDS account, also called a Central Depository System account.

While a broker account allows you to trade shares through your broker, CDS accounts keep track of the ownership of Malaysian securities stocks that are listed on the Bursa Malaysia.

When you make an investment in the shares of a publicly listed company, your CDS account will keep a record of it. Once you sell these shares, they will be removed from your account.

Overseas traders can also create CDS accounts provided they have a bank account in Malaysia. A CDS trading account should be the choice in this case since it allows more control. In case a user registers for another trading account, they will be required to open another CDS account as well.

Similarly, you can also set up a nominee trading account. With this account, your nominee (your chosen financial institution or stock broker platform) will have hold of the shares or stocks you invest in.

However, you will be considered the owner of the account while your nominee will handle all the paperwork related to owning these shares for you.

Which One is Better?

Since most foreigners might find it tedious to set up a bank account, a nominee account is more suitable in this case. Some broker platforms may charge nominee account owners additional fees for the handling of the dividends and so on.

Margin and Cash Accounts

Stock brokerage firms usually feature two trading account types, i.e. margin trading account and cash trading account. With Margin accounts, traders can borrow money from their chosen online brokers to invest in stocks and shares.

The borrowed amount may be contingent on their money's value and the shares they utilise as collateral (borrowing a maximum of two times the cash available in their account).

Before trading on a margin, the trader may be eligible to earn more profit since they have borrowed additional money for trading in more shares. If the prices of a trader’s share plummet, it is likely that they will start losing money rapidly.

How Do Cash Accounts Differ?

Cash accounts are relatively straightforward when compared to other account types; they authorise traders to make investments via the money they already hold in their accounts.

When the traders decide to invest in shares, they must make a minimum deposit into their user accounts to complete the trades. For newbies, it may be better if they go for a cash account to minimise the high risk of losing money.

Islamic Account

Practically every Malaysian broker supports Islamic accounts, also referred to as swap-free accounts. As these accounts comply with the Muslim faith, an Islamic account features no rollover interest on overnight positions .

Why Do Malaysian Brokers Offer Islamic Accounts

Since interest is forbidden in the Islamic faith, broker platforms in Malaysia offer accounts that are suitable for Islamic traders. An Islamic account offered by a Malaysia broker complies with Sharia law and is free of interest.

The Types Of Investment Products Offered

Generally speaking, all broker trading platforms based in Malaysia are identical to each other in terms of the services they offer.

Typically, a broker offers many financial instruments and trading services to their customers, such as warrants, common shares, preference shares, exchange-traded bonds, ETFs (exchange-traded funds), stapled securities, REITs (real estate investment trusts), social trading, and ETBS (Sukuk) that are listed on the Bursa Malaysia.

In case of equity, derivatives, and commodity trading, including options and futures; such trading activities are regulated by the Bursa Malaysia Derivatives, which is owned by Bursa Malaysia.

Stockbroker

An ideal stockbroker helps their customers successfully execute their trades. It is the stockbroker's responsibility to follow their client’s investment goal.

If they learn that their client is either a medium or long-term investor, they should not offer tips or advice that is not helpful for that specific client's investment goals.

Access

Online access, when compared to offline access, is a lot more convenient and cost-effective. Today's platforms are designed to be convenient for people to trade stocks, regardless of whether they are tech-savvy.

Overall, there is a lot less room for mistakes. If someone is not assured about a certain trading platform's features, they can get in touch with their stockbroker for assistance.

It is also suggested that traders choose trading platforms with offices nearby. In this way, you can visit them in case you require further assistance.

Crypto Trading In Malaysia

The Crypto trading markets are relatively new Forex Market participants in Malaysia, and if a broker offers it, they require local financial regulation. The Central Bank of Malaysia has issued policies for cryptocurrencies; companies must comply with these guidelines when working with crypto assets.

Since Cryptocurrencies are based on decentralised assets, factors like interest rate fluctuations and political fragility do not affect cryptocurrencies as much as the Malaysian currency market.

The adaptation of online cryptocurrency trading is increasing rapidly in Malaysia. According to reports, approximately USD 6 billion worth of Bitcoin is being traded daily worldwide.

Malaysia Brokers Verdict

While navigating the Malaysian Stock Markets, you will come across some of the best Forex broker platforms in the Forex trading scene. The most important point to keep in mind is that you must always do extensive research before choosing a trading broker.

This may include metrics such as broker regulation, leverage, account types, charges, tradeable products, availability of crypto trading, trading CFDs and payment alternatives (wire and bank transfer, card payments, etc.).

Additionally, your chosen trading platforms must be easy to navigate. This will save you the extra time you may spend trying to understand the trading platform's layout before conducting a trade.

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 AvaTrade Pepperstone XM XTB NordFX FP Markets Trading212 EasyMarkets SpreadEx
Rating
locality IC Markets accept Malaysia clients Roboforex accept Malaysia clients AvaTrade accept Malaysia clients Pepperstone accept Malaysia clients XM accept Malaysia clients XTB accept Malaysia clients NordFX accept Malaysia clients FP Markets accept Malaysia clients Trading 212 accept Malaysia clients easyMarkets accept Malaysia clients SpreadEx 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) 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 Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) 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 Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 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), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA)
Min Deposit 200 1 100 200 5 No minimum deposit 1 100 1 100 1
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+ 300,000+ 89,000+ 3,500,000+ 250,000+ 10,000+ 10,000+ 15,000,000+ 142,500+ 10,000+
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
  • 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 scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • 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
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
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
  • 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
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, 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, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps 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
  • 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
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roboforex
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avatrade
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pepperstone
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xm
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xtb
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nordfx
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fpmarkets
Sign Up with
trading212
Sign Up with
easymarkets
Sign Up with
spreadex
Risk Warning Losses can exceed deposits Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider 74-89 % of retail investor accounts lose money when trading CFDs 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% 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 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
AvaTrade
Demo
Pepperstone
Demo
XM
Demo
XTB
Demo
NordFX
Demo
FP Markets
Demo
Trading 212
Demo
easyMarkets
Demo
SpreadEx
Demo
Excluded Countries US, IR, CA, NZ, JP US, JP, IR 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, IN, PK, BD, NG , ID, BE, AU US, CA, EU, RU, SY, KP, CU 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


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, Web Trader, cTrader, Windows, Mac, iOS, Android

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)
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. 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies 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 XM Zero account VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
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
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, VFSC registration number 15008
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)
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, MT5, 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), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

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)

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Losses can exceed deposits
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Losses can exceed deposits