Malaysia forex broker list

Starting our list of the best forex brokers in malaysia is instaforex.

My list of forex bonuses

Top 9 Best Forex Brokers in Malaysia for 2021, malaysia forex broker list.

They are a well-known and award winning broker particularly within asia having won more than 19 awards and counting related to being the “best broker in asia”. If you want to trade forex within malaysia then the process is in fact quite straightforward since the regulations are still quite new and allow for no particular restrictions in terms of what a forex trader can do or what a broker can offer.

Top 9 best forex brokers in malaysia for 2021

Top rated:

Searching for a trading broker in malaysia?

With this collection of the best forex brokers the country has to offer. Here you are sure to find one that fits your trading needs.

Making your malaysia forex broker search as easy as possible starts with choosing from one of these top choices, any of which can be opened both quickly and easily.

Is forex trading legal in malaysia?

This is a very valid question and concern since not very long ago forex trading in malaysia was not legal.

Now however, the rules are changing.

You will find that officially within malaysia, the only legal regulation is that people can only register with a financial services company that is regulated within malaysia and compliant with the laws of the country.

With that said, given that forex trading is relatively new to malaysia, there are not yet any brokers that are regulated by the SCM (securities commission of malaysia).

With that said, trading as a malaysian forex trader is still not illegal and some of the forex brokers that we have listed provide the very best in terms of regulatory oversight from top-tier bodies such as cysec, the FCA, or ASIC.

How to trade forex in malaysia

If you want to trade forex within malaysia then the process is in fact quite straightforward since the regulations are still quite new and allow for no particular restrictions in terms of what a forex trader can do or what a broker can offer.

The only key steps beyond choosing the correct malaysian forex broker for you is to submit the relevant documents to begin trading. These will typically include your proof of ID and residency.

From there, you are ready to begin trading.

Top 10 best forex brokers in malaysia

Here is our collection of what we feel are the best malaysia broker choices for you as a forex trader:

1. Instaforex

Starting our list of the best forex brokers in malaysia is instaforex. They are a well-known and award winning broker particularly within asia having won more than 19 awards and counting related to being the “best broker in asia”.

Beyond this, they are also very well regulated by multiple regulatory bodies including the FCA, ASIC, and cysec. When it comes to account types you will have a total of 6 to choose from. Instaforex minimum deposits here range from a bargain $1 up to $1,000 depending on account type. The account types available include 2 cent accounts, a standard account, 2 ECN accounts, and a scalping account.

You can deposit MYR through wire transfer within local banks and you can also utilize a fully functioning demo account to try out the broker. This is ideal, in combination with really low-risk cent accounts to help new forex traders get to know the market.

Finally, an islamic account type is available though there is an additional fee that replaces the swap fee. Instaforex also offers 4 bonuses to traders. This includes a 100% first deposit bonus.

XM is renowned as one of the best forex brokers in the world and is available to malaysian forex traders. They are again regulated by some of the foremost authorities in the industry in the form of FCA, cysec, and ASIC. They were also awarded the “best forex broker in australasia” award along with numerous others.

Opening an XM account, you will be faced with a wide choice of 6 account types. Minimum deposits on these account types range from $5-$100 depending on account, or you can also opt for a shares account with a minimum deposit of $10,000. These deposits can be made through wire transfer, credit card, or ewallet although no MYR deposits are facilitated.

If you would like to try out the broker, you can avail of their full demo account. This, together with the XM micro account offers a great path to get into forex trading in malaysia and around the world.

Spreads at XM can start from as little as 0 pips in many cases, and the XM islamic account follows all of the same conditions of the regular accounts with no mark-ups, higher spreads, or additional commissions.

3. Octafx

Next in our collection of the top malaysian forex brokers is octafx. They are also regulated by two highly trusted regulatory bodies in the form of both the FCA in the UK and cysec in europe. They are reputed within the industry as offering some of the best swap-free services around. In fact, in 2015 they were recognized byb forextraders.Com as the “best forex islamic account” providers.

To that end, micro, ECN, and pro accounts are available with minimum deposits starting at $100 and reaching $500 for a pro account. It is also worth noting that every account is available as a swap-free account. The accounts utilize the top trading platforms of MT4, MT5, and ctrader.

MYR deposits are accepted and can be made through local banks, billplz, and help2pay services with an excellent exchange rate of 3 MYR per $1 USD available. Spreads also start from a highly competitive 0 pips across the board and the trading conditions feature no changes at all when it comes to islamic account trading.

In terms of octafx bonus offers, a 50% deposit bonus is made available on each deposit.

4. Hotforex

Hotforex is another globally recognized forex broker and top choice for you as a malaysian trader. They are well regulated by both cysec and ASIC and offer a wide choice of 6 forex account types to choose from.

Again here, this includes a micro trading account with a minimum deposit of only $5 ideal for new traders, a premium account with a $100 minimum, a zero spread account, and an auto trading account you can try for a minimum deposit of $200. If you are interested in copytrading this is available through hfcopy with a minimum of $100 deposit to copy, or $300 if you want others to copy your trades.

When it comes to deposits, MYR is available through local bank transfer. In other cases, you can use your major credit card or ewallet methods. Either way, a fully realistic demo account is accessible as is an islamic account where needed.

Spreads here start from a competitive 0 pips across the board although some additional fees may apply on islamic accounts. You can offset these through cash rebates, 100% bonuses, and the higher leverage that hotforex try to offer along with many real prize winning trading contests.

5. FBS

Next on the list of the best malaysian forex brokers is FBS. As with all of our brokers they are well-trusted and fully regulated by both cysec and the IFSC. This is an excellent broker with 5 account choices including a great cent account offering that may be just perfect for new traders. These account types also include an ECN account.

Minimum deposits with the broker start from just $1 reaching up to $1,000 depending on your account choice and although MYR deposits are unavailable, funding via wire transfer, credit card, and ewallet are all available. Every account can also be made swap-free where needed.

Although FBS do add an additional admin fee if you hold a position for more than 2 days with a swap-free account, this can be somewhat balanced by the fact they have a comprehensive bonus offering that includes a 100% deposit bonus and contests including some particularly aimed at islamic traders during ramadan.

6. Oanda

Oanda is one of the few brokers to be regulated in the USA by the CFTC as well as the NFA, and globally through the FCA, MAS, ASIC, and IIROC. A who’s who of top regulators for a much trusted broker.

They offer just one account type but it is available with no minimum deposit at all. Perfect if you are new to the forex trading market. Another suitable point here is you can open positions for as low as just one currency unit ($1 or equivalent base currency), although no MYR deposits are available.

With that said, deposits can be made through wire transfers, major credit cards, and ewallets. Fully operational oanda demo accounts are available to try as are islamic accounts on request.

Spreads with this broker are low, starting from just 1 pips and trading is through MT4 trading platform. .

You may find that some additional fees are placed on the islamic account in place of the swap fee, and at the moment there is unfortunately no bonus offering in place.

7. Pepperstone

Pepperstone are another of the standard bearing top brokers offering service to malaysian forex traders. They are regulated by the top authorities of FCA and ASIC and are one of the most chosen ECN brokers around.

They have two available account types that can be opened with a minimum deposit of $200. These are the standard and ECN razor account types which are also both available as islamic accounts. For account deposits, wire transfers, credit cards, and ewallets are all accepted methods of funding although no MYR deposits are available.

Spreads with pepperstone start from 0 pips and trading is available through MT4, MT5, or ctrader and you are welcome to try the pepperstone demo account first.

On the islamic accounts, an admin fee will be applied on positions held for more than 10 days and no pepperstone bonus amount is currently available.

8. IC markets

IC market regulated by cysec and ASIC represent another of the best malaysian forex broker choices for any traders. They offer 2 account types in their standard and raw spread accounts, both of which can be opened with no minimum deposit.

These accounts can be easily funded through wire transfers, major credit cards, or ewallet methods although no MYR deposits are accepted. On the minimum deposit, although there is none in place, the broker do recommend depositing at least $200.

Spreads with IC markets start from the bottom at 0 pips and with the option of trying a demo account and opting for an islamic account through MT4, MT5, or ctrader platforms. Within this islamic account most conditions remain the same. The only change is an admin fee added on positions open for more than one day.

At this time IC markets does not provide for any kind of bonus offering.

9. Etoro

Last but not least on our listing of top malaysian broker choices is etoro. Known the world over, they are regulated well by cysec, FCA, and ASIC. They are well known of course as a top broker for social trading and a particularly good fit if you are new to the sector.

One account type is offered that can also be made swap-free though in this case the minimum deposit would increase from $200 to $1,000 with trading available through the brokers own user-friendly trading platform.

Spreads at etoro typically start from 1 pip though they can be higher. Deposits are catered for through wire transfer, credit card, and ewallets, though no MYR deposit option is available.

You will be glad to know that while there are no bonus offerings, trading conditions remain the same on islamic accounts.

Malaysian trader? Here’s what to look for in a forex broker

Although there are currently no particular set of stringent rules in place from the SCM and everything is routinely left at the discretion of the trader and broker in terms of what is offered in bonus, leverage, and account type terms, there are still a few things that you should try and look out for when choosing the best forex broker to deal with.

1. Stick with regulated brokers

Always try to choose a regulated forex broker like any of the top brokers listed above. The SCM have not yet officially regulated any themselves, but you can very much trust the listed brokers regulated by some of the top bodies worldwide like cysec, ASIC, and the FCA.

It is good practice to deal with these and any who are also ESMA compliant for the most trusted experience and to avoid offshore regulated or non-regulated brokers where you can.

2. Look for the best islamic account

The muslim population in malaysia is more than 50%. This, along with the fact that islam is the official religion mean there is always big demand for malaysian islamic forex trading accounts.

Since swap or overnight broker fees are considered haram when it comes to sharia law, you should be looking to open an islamic account that will not feature any of these fees in order to be fully compliant.

If you are unsure or interested to learn more about this topic, you can read our best islamic forex brokers guide for more information.

3. Choose the broker before choosing the bonus

One of the biggest final things to be sure of is that, since forex broker bonuses are legal in malaysia, that you do not get blinded by that fact.

This means choosing a broker that best suits your trading needs above considering what types of bonus they offer.

Being tempted by a big bonus offer can leave you dissatisfied in other areas when it comes it future trading and so. You should really not base your broker decision on that. Also, always make sure you read the terms and conditions first.

Finally, you should take advantage of any no deposit bonus opportunities offered by a broker as a great chance to see what they can offer.

How to verify if a forex broker is regulated in malaysia

Although there are not any forex broker officially regulated by the SCM as yet, this may well be possible in the future. In that case, you should take the opportunity to check this page for any further developments.

Checking registration with the other top regulatory bodies can also be as simple as a couple of clicks and a search of the following links:

Keep in mind if you are wondering about ESMA regulation, this depends on the country, but if they have registered in a european country, they will typically be ESMA compliant.

Is forex trading taxable in malaysia?

The simple answer to this question is yes.

Forex trading in malaysia is taxable. That is because all revenues should be declared through your ITN (income tax number) and these are unique to each person and issues by the IRBM (inland revenue board of malaysia).

More information on the precise filing processes can be found here.

With that said, since forex trading is new to malaysia, there is still a considerable grey area related to revenues and capital gains taxes, particularly is the broker you trade with is located outside of malaysia.

[disclaimer: we are not accountants, we have done internet research. Due to these grey areas, we strongly suggest you contacting malay local authorities before proceeding]

Best forex brokers malaysia for 2021

The forexbrokers.Com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Trading forex (currencies) in malaysia is popular among residents. While any internationally regulated forex broker can accept clients from malaysia, it is an additional benefit to also hold a capital markets services license (CMSL) from the securities commission of malaysia (SCM), which is the financial regulatory body in malaysia. SCM's website is sc.Com.My. We recommend malaysian residents follow the SCM on twitter, @seccommy.

Established in 1993, SCM is malaysia's financial markets regulatory body. In april 2018, SCM issued guidelines for contracts for difference (CFD) providers including brokers offering derivatives, under the capital markets services act of 2007, which will become effective july 1st 2018. As a result, we expect more regional brokers will register with SCM in order to acquire a CMSL. For a historical breakdown, here's a link to the securities commission malaysia's webpage on wikipedia.

Best forex brokers malaysia

To find the best forex brokers in malaysia, we created a list of all internationally regulated forex brokers, then ranked brokers by their trust score. Here is our list of the top forex brokers in malaysia.

IG - best overall broker 2021, most trusted

Saxo bank - best for research, trusted global brand

Interactive brokers - great for professionals and institutions

City index - excellent all-round offering

XTB - best customer service, great trading platform

FOREX.Com - great all-round offering

Avatrade - multiple trading platform options

Malaysian forex brokers comparison

Compare malaysian authorised forex and cfds brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's forexbrokers.Com trust score.

Forex broker	accepts MY residents	average spread EUR/USD - standard	minimum initial deposit	trust score	overall	visit site
IG	yes	0.745	£250.00	99	5 stars	visit site
saxo bank	yes	0.800	$10,000.00	99	5 stars	visit site
interactive brokers	yes	N/A	$0	94	4.5 stars	N/A
city index	yes	1.100	£50.00	93	4.5 stars	N/A
XTB	yes	0.860	$0.00	92	4.5 stars	visit site
FOREX.Com	yes	1.400	$100.00	93	4.5 stars	N/A
avatrade	yes	0.910	$100.00	93	4 stars	visit site
XM group	yes	1.600	$5-100	84	4 stars	visit site
FP markets	yes	1.140	$100 AUD	81	4 stars	visit site
pepperstone	yes	1.160	$200.00	90	4 stars	visit site
IC markets	yes	0.800	$200	83	4 stars	visit site
tickmill	yes	0.530	$100.00	81	4 stars	visit site
fxpro	yes	1.510	$100.00	89	4 stars	visit site
vantage FX	yes	1.350	$200	79	3.5 stars	N/A
moneta markets	yes	1.300	$200.00	79	3.5 stars	N/A
HYCM	yes	2.00	$100	84	3.5 stars	visit site
eightcap	yes	$100	69	3.5 stars	N/A
VT markets	yes	1.30	$200	79	3.5 stars	N/A
blackbull markets	yes	0.76	$200	70	3.5 stars	N/A
octafx	yes	1.100	$5	59	3.5 stars	N/A
easymarkets	yes	0.900	$100.00	81	3.5 stars	N/A
hotforex	yes	1.20	$50	83	4 stars	N/A

How to verify SCM authorisation

To identify if a forex broker is regulated by SCM, the first step is to identify the register number from the disclosure text at the bottom of the broker's malaysia homepage.

Next, look up the firm on the SCM website to validate the current regulatory status of the broker in malaysia. Here is the official page with the public register of license holders on SCM.

It's also worth noting that bank negara malaysia, which is the central bank of malaysia that regulates money service businesses and forex dealers, issued guidelines for digital currencies (cryptocurrency) requiring companies to comply when dealing with crypto assets.

More forex guides

Methodology

For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex risk disclaimer

"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.

About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading cfds, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading cfds with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how cfds, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The forexbrokers.Com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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IG - 76% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.

OANDA - cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.

Advertiser disclosure: forexbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

Disclaimer: it is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While forexbrokers.Com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by forexbrokers.Com, nor shall it bias our reviews, analysis, and opinions. Please see our general disclaimers for more information.

Forex brokers in malaysia 2021

Looking for the best forex broker in malaysia for 2021? There are a large variety of forex brokers available to the malaysian forex trader of today. Forex trading is also fast evolving with new FX brokers emerging all the time and competition evolving at a rapid pace making it difficult for the malaysian forex trader to stay on top of things. The 6 best forex brokers for malaysia are:

Avatrade forex broker

Plus500 forex broker

FXTM forex broker

Marketsx forex broker

XTB forex broker

Octafx forex broker

However, the best forex broker for one user may not be the best broker for another. It depends on your trading style, what you want to trade and your support needs. Some aspects are general and apply to all brokers, whilst some are more personal depending on your individual trading style , needs or beliefs. Islamic brokers might be preferred for most but not all traders .

Choose a forex broker

Forex broker regulation , however, is in our opinion very important for all trader s when choosing a broker since it is a matter of how safe your investment will be. The best forex brokers in malaysia are of course regulated, and many of them in many different countries by different regulators. Read this article for a definition of the different european financial regulators. Malaysia’s islamic financial sector is governed by the islamic financial services act 2013 which s ets out a framework with the principal regulatory objectives of promoting financial stability and compliance with shariah . Today it is legal to trade forex in malaysia as long as your broker is regulated with one of the major regulatory bodies in the world.

In this section we review various forex brokers , suited for malaysian traders, based on regulation, usability, platforms, minimum deposit, spreads, customer support and many other criteria. Start by browsing our top list of recommended and trust worthy brokers below and continue by reading the individual reviews of each broker on the respective review pages that are linked from the top list. All forex brokers below are legal in malaysia and also accept traders from malaysia . Furthermore all of them offers islamic accounts which will secure that you follow sharia law, and thus forex can be a good thing in islam.

- 20% new member bonus.
- global regulated broker across 5 continents within 6 jurisdictions
- superior trading conditions for short selling/scalping
- ultra low spreads with fast and reliable order execution
- wide range of educational materials
- innovative trading mobile apps (avatradego, avaoptions, avasocial)

Min. Deposit: $100
leverage: EU - up to 30:1, professional client/ROW up to 400:1

- negative balance (you cannot lose more than you deposited).
- 24/7 online support.
- 2000+ instruments.
- 30+ languages.
- all devices.
- 0 commissions.
- tight spreads.

Min. Deposit: $100
leverage: up to 1:300

- well regulated.
- PAMM accounts.
- tight spreads.
- quick withdrawals.
- low min. Deposit.

Min. Deposit: $5
leverage: up to 1:30 for EU (unless pro) / up to 1:1000 for non EU

- beginner friendly
- well established
- leverage up to 1:300

Min. Deposit: $250
leverage: up to 1:300

- 24/5 customer support
- negative balance protection
- more than 1500 instruments
- cryptocurrency trading is available

min. Deposit: $250
pairs offered: 49
leverage: 500:1
withdrawal process time: 24-48 hours
trust score: 92/100

- 50% bonus with every deposit!
- some of the lowest spreads in the industry
- no commissions or swaps
- ultra-fast trades execution
- instant deposits and fast withdrawals

Min. Deposit: $5
leverage: up to 1:500

- 300 plus trading instruments.
- deal cancellation feature.
- fixed spreads.

Min. Deposit: $100
leverage: up to 1:30

- tight spreads
- welcome bonus
- customized IB structure

min. Deposit: $200
pairs offered: 167
leverage: 500:1
withdrawal process time: 1-3 business days
trust score: 90/100

- 1:500 leverage
- multi award-winning new zealand broker
- institutional-grade spreads from 0.0 pips

min. Deposit: $200
pairs offered: 300+
leverage: 1:500
withdrawal process time: within 24hrs
trust score: 90/100

- ASIC & cysec regulations
- trade on consistently tighter spreads from 0.0 pips
- ultra-fast execution under 40 milliseconds^
- top-tier liquidity and market leading ECN pricing 24/7
- no dealing desk and no requotes, ever

Min. Deposit: $100
pairs offered: 65+
leverage: up to 1:500

- enhanced execution and quality pricing.
- award-winning trading platform – trading station web/desktop/mobile
- free access to exclusive trading tools and services: trading signals, trading analytics and more
- more than 20 years of experience in online trading services - leading provider

min. Deposit: £300, $50 for ZA and AU
pairs offered: 50+
leverage: 1:30 (LTD), up to 400:1 FX and 200:1 CFD (ZA/AU/MARKETS)
withdrawal process time: depends on credit card issuer. Bank wire two business days
trust score: 90/100

- excellent proprietary platform
- over 3,000 financial instruments to trade
- transparent trading fees
- great customer support
- access to skilling trade assistant

min. Deposit: £100
pairs offered: 73
leverage: varies
withdrawal process time: 1 working day
trust score: 90/100

- trusted global market leader
- online FX & CFD trading
- 180+ global markets, 84 FX pairs, 65 shares, 17 popular indices and more
- forex, indices, commodities, equities & bitcoin

Min. Deposit: $250
leverage: 1:200

- start trading live with just $200 minimum deposit.
- powerful webtrader and apptrader platforms.
- start trading live in just minutes.
- trading tools and educational resources.
- wide range of share cfds offered.

Min. Deposit: $200
pairs offered: majors, minors, exotics
leverage: 500:1
withdrawal process time: within 12 hours
trust score: 92/100

- regulated by FCA and cysec
- low spreads
- low commissions
- low swaps

min. Deposit: $100
pairs offered: 60+
leverage: up to 1:500
withdrawal process time: 1 working day
trust score: 90/100

- 180+ tradable instruments
- up to 500:1 leverage
- $200 minimum deposits
- 15 trading platforms
- 50 US share cfds and 50 hong kong share cfds available to trade from MT4/MT5

Min. Deposit: $200
leverage: up to 500:1

Islamic accounts

As said the brokers above all offer islamic accounts, but the registration processes differ and sometimes you can open an islamic account immediately and sometimes you have to open a real money trading account that you then can convert to an islamic account. The islamic account will help you abide by the principles of sharia law e.G. To not make interest on positions or taking too much speculation risk under the wrong conditions.

Top 10 tips for picking an FX broker in malaysia

Here we look at ten different factors that we believe are of significant importance when you consider choosing a forex broker in malaysia, whether you are a beginner or advanced trader. The significance of each will differ depending on your needs, which in turn will depend on your trading style, your knowledge level and your type of trading.

1. Regulation and how safe is my money?

You wouldn’t put a large amount of your savings in a bank account if you did not know that the bank was secure and regulated would you? So similarly why would you deposit with an FX broker unless you were confident your funds and profits are safe?
In the UK, this would mean looking for a broker that is regulated by the financial conduct authority (FCA). In the USA, the equivalent would be a broker regulated by the national futures association (NFA) and/or the commodity futures trading commission (CFTC). In malaysia you are fine with a broker regulated by these bodies and others like cysec or ASIC.
Opening an account with a broker regulated by any of the of the above should allow for protection if you as a depositor/ trader have an issue or grievance with the broker. The top list above includes brokers regulated by major regulatory bodies and therefore are both secure and also legal to trade with in malaysia.

2. Spreads and/ or commission

Brokers do not provide their services for nothing, so charge either commission per trade or more likely by the spread between the bid and offer prices. The wider the spread, effectively the more the trader has to pay to get into and out of each trade. So the narrower the spread, effectively the better off for the trader. Sometimes brokers offer fixed spreads, but often the spread will be variable depending on the volatility of the market.

3. Withdrawals and deposits

Most FX brokers today offer very low requirements to open an account (from as little as £50). Brokers have differing policies with regard to depositing, funding and withdrawals. Are you able to fund the account from a bank account via wire transfer, via credit card, via paypal? When withdrawing is this done via wire transfer, back to your bank account or credit card? Are there any withdrawal fees? Initial deposit requirements. Check this out.

4. Rollover interest (credit/ debit)

Some brokers charge a debit (or give a credit) for daily interest. This would be a consideration for any traders thinking of holding open positions over night. Not applicable for islamic accounts, but if you’re not abiding by sharia law this can be a good thing to look into.

5. Margin and leverage

Many FX trading accounts are based on the concept of margin and leverage. Leverage is basically the ability to increase the possible return on an investment or trade. A margin account allows the trader to use leverage by trading larger amounts than deposited in their account. This is because only the potential short term losses on the accounts need to be covered, not the full amount of the underlying asset. How much leverage any forex broker offers and the margin requirements may be a consideration when opening an account with a particular forex broker.

6. Types of forex accounts

There are different types of FX trading accounts which include more traditional cash exchange accounts, spread betting type accounts or cfds (contracts for difference). The choice of which account to open will depend on your very specific needs and potentially even depend on your tax liabilities.

7. What markets can you trade?

All FX brokers in malaysia offer trading in the major currency pairs, including EURUSD, USDJPY, GBPUSD and also USDMYR etc. Most also offer currency cross rates, ability to trade a large selection of currency pairs against each other.
In addition, many brokers offer the opportunity to trade other financial markets and assets. These would include equity indices, government bond markets and commodities (such as oil, gold, copper).

8. Trading platforms supported by the broker

Practically all brokers offer a trading platform, whereby the trader can access the various markets available to trade. Some brokers in malaysia provide their own developed trading platforms, whilst others suggest downloading free platforms offered by third-party providers. There are many different factors to consider when looking at differing trading platforms including; ease of use, accessibility, trading tools on offer, charting packages, mobile/ tablet access etc. Please see our list of best trading platforms in malaysia here.

9. Customer support

Many markets are now open 24 hours a day, five days during the week. So a strong customer support service would be open at all times during this time. Also, the speed of access to a live individual rather than an automated service should certainly be considered. Inevitably, when calling customer service it is usually with an issue, which as a trader you will likely want resolved as soon as possible. Opening hours is especially important when you’re located seven hours ahead of where the brokers accepting traders from malaysia have their headquarters.

10. Demo account available?

Most, but not all, forex brokers offer demo trading accounts to practice on. A demo account allows you to test the trading platform and evaluate some of the above-mentioned factors. All forex brokers useful to traders from malaysia in the top list above will offer demo accounts to new traders.

Best forex brokers malaysia of 2021

Are you anticipating engaging in the foreign exchange trade for the first time? Chances are you are a bit anxious to learn more. This article will give you some insight to kick start your journey as a trader. Whenever you go for an international trip, you are more likely to exchange your base currency for another currency. Take, for instance, travelling from the USA to italy often means you will have to convert the U.S. Dollars for euros, which is one way of engaging in the universe foreign exchange market.

The general information about the forex market and the financial implication of trading are vast. The fact that forex is the largest liquid market in the world and characterized by many buyers and sellers makes forex trading platform highly volatile. Therefore vividly requiring to have at the fingertips, the rule of thumbs and ready information prior to disrupting the malaysia forex.

Let's dive into the basics;

Forex a symbol standing for foreign exchange and refers to a virtual space where buyers and sellers of foreign currency trade-off in anticipation to grow their revenues and earn some profit. At the FX trading is the largest worldwide platform and involves the trading of many currencies.

Recent findings reveal on average daily currency trading to roughly $5 trillion. What seems peculiar with a major trading platform is the fact that it's often dominated by U.S. Dollar. Moreover, with the rapid changes across the e-commerce and various products being exchanges daily at the exchange floor, other foreign currencies such as GBP, EUR and CAD are also becoming highly liquid.

Are you aware of the several benefits emanating from trading in a liquid market like forex? First and foremost, it requires less paperwork and formalities, which makes investments to be easily liquidated at a favourable rate and instantly. Besides, the virtual platform attracts many forex traders including corporate bodies and other government bodies. A small disruption in the market creates a peculiar small increment in price changes and happens around the clock, seven days a week and only closes during public holidays. A slight variation in the price of the currencies often leads to a drastic increase in profit or loss and therefore making it riskier.

At any given time, the push and pull of the currency value force a specific currency to either appreciate or depreciate in comparison to its base currency. The rise and fall movement signifies the need for learning about the currency pairs and what they indicate;

Notably, all forex trading platform uses currency symbols in its chart. Such characters include euro(EUR), U.S. Dollar (USD), malaysian ringgit (MYR), british pounds (GBP) and canadian pounds (CAD)

Each forex pair has a direct correspondence to the market price associated with it. The price signifies how much of the second currency is required to buy one unit of the first currency. Looking at the following two currencies; KES and MYR, if the price of 1 MYR to KES is 26.0620 means that it takes kenyan shilling 26.0620 to buy one malaysian ringgit. On the other hand, it takes 0.0383700 MYR to buy one kenyan shilling.

To better trade in the malaysian forex market, it is crucial to get familiar with some new terminologies which describe the price of currency pairs. Having clarity on what they mean and how they affect the market will give you an insight into calculating the trade profit.

Notably, many currency pairs move about 50 to 100 pips per day. A pip (point in percentage) is the name used to indicate the sixth decimal place in the currency pair. Using the previous example, when the price of MYR/KES moves from 0.0383700 to 0.0383750, that's a 50 pip move, which means if you bought the pair at 0.0383700 and sell at 0.0383750, you will make a 50 pip profit.

For the trading purpose, the first currency listed in the pair is always the directional (lead) currency on a forex price chart. Take a sneak peek at malaysian forex chart, MYR/KES means that the MYR is moving higher relative to the KES. The vice versa means the MYR is declining in value relative to the dollar.

Note that the best ways to learning forex are to watch the trend on how the prices move in real-time. Several best forex brokers in malaysia offer online or mobile phone app-based paper trading accounts that work exactly like the live trading accounts, without risking your capital too much. Many local and foreign investors with foreign currency have become open and active in all manner of investment vehicles, including forex trading.

The first step to trading using cryptos is by opening a forex trading account with a broker in malaysia who accepts the cryptocurrency. Then transfer the agreed amount of crypto from your virtual wallet to the forex broker virtual wallet.

Take, for instance, the current bitcoins to U.S. Dollar rate is one bitcoins equals $7,500, by depositing two bitcoins your account will be holding $15,000. Now, let's assume you want to take a position in EUR. Taking the assumption exchange rate of GBP 0.5 for 1 USD, you will receive GBP 7,500. After sometimes, if the rate changes to 0.45, you can trade and square it off to get $1,666.65 in your trading account making 11.1% profit which you can quickly cash out.

If you are reviewing the best top ten brokers in the world, it is crucial to undertake due diligence on their trustworthiness. There are several forex brokers in malaysia but to ensure the safety of your trading, you can scrutinize the malaysian forex brokers list to be on the safe side. Remember to often take caution especially when dealing with online forex trading to mitigate and a lot of exposure to risk.

Top malaysia brokers for 2021

We found 11 online brokers that are appropriate for trading malaysia.

Best malaysia brokers guide

Malaysia financial markets

We've collected thousands of datapoints and written a guide to help you find the best malaysia brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best malaysia brokers below. You can go straight to the broker list here.

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.

Check your malaysia broker has a history of at least 2 years.

Check your malaysia broker has a reasonable sized customer support of at least 15.

Does the malaysia broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

Check your malaysia broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

Does your malaysia broker have an international presence in multiple countries. This includes local seminar presentations and training.

Make sure your malaysia can hire people from various locations in the world who can better communicate in your local language.

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.

Minimum deposit to open an account.

Available funding methods for the below malaysia brokers.

What you are able to trade with each brokerage.

Trading platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers micro, standard, VIP and islamic accounts.

Top 15 malaysia brokers of 2021 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

Forex brokers in malaysia

The malaysian economy is on the move, having transformed itself from merely an exporter of raw materials some four decades back to one of the major emerging market economies in asia. Oil and gas are still its primary exports, supplying more than 40% of government revenues, but it has moved dramatically into the regional value-added production chain. By virtue of this transformation, it continues to attract new investment capital in islamic finance, high technology industries, biotechnology, and services.

With these dramatic advances in hand, many local investors have become active in all manner of investment vehicles, including retail forex trading. The malaysian ringgit (“MYR”) has appreciated since the global recession in 2009 by 26% before pulling back to lower levels after commodity prices cooled down and the price for a barrel of oil pulled back to a more reasonable price point below $100. In the meantime, the evolution of currency trading in this country has not been an easy one. Malaysia is reported to be an attractive target for forex crooks in a way similar to the situation in many middle eastern muslim nations enriched through commodity exports.

The bank negara malaysia is the central bank of the country and manages the ringgit. Regulatory responsibilities are left to the securities commission malaysia, which is headquartered in kuala lumpur. The securities commission oversees exchange-traded products, as well as commodity and forex futures and the activities of brokers in the country. Regulations, however, have not been updated to accommodate retail forex trading, and in some cases, pronouncements from government officials have suggested that some forms of trading may be illegal.

Finding a legal pathway often involves sticking with local banks that do not support leverage to any extent. Central bankers are notorious for discouraging speculation in any form, but trading currency pairs that do not involve the ringgit tend to be acceptable, an interpretation designed to restrict malaysian currency flows and retain audit trails for tax collections.

Islam is also the official religion of malaysia, and 16.5 million muslims account form nearly 60% of the nation’s total population. Local forex brokers are obliged to offer special islamic law accounts, as appropriate, to attract this larger sector of potential traders, but the local fatwa council has ruled that trading in currency spot markets violates their principles.

The fatwa, however, does not have the power to enforce their rulings, and it should be said that islamic jurists in other parts of the world have disagreed with this local ruling. If you are a muslim considering retail forex trading, then be sure to review the many materials on the internet and reach your own personal assessment before acting as your conscience guides you.

Once past these “hurdles”, an aspiring trader must select a business partner from a host of possible forex brokers. To protect yourself from fraud, it is highly recommended that you invest the time it takes to complete a detailed review before making your final decision. Safety and security should be uppermost on your priorities. Check credentials with authorities, verify that there truly is a local office to support your needs, and validate the quality of your short list with other traders in the area. Be careful to avoid offshore firms. Pressing your legal rights in a foreign jurisdiction can be a nightmare waiting to happen.

Choosing the best forex broker among the many available offers may be a difficult task, but with our help, we hope that you will find it easier. We have prepared the above list of some of the most reputable and competent forex brokers in the market, and since you will lose nothing by taking a look, it is a good idea to check it out before you make a final decision about your forex broker!

Read our reviews of more forex brokers that did not make our top list above:

Want to know more about forex trading in malaysia? Keep reading…

Malaysia is a federal constitutional monarchy located in southeast asia. It has a total landmass of more than 330,000 square kilometers, and consists of three federal territories and thirteen states. Malaysia has seen major improvements and enjoyed rapid expansion of its economy in recent years, with some experts putting it at 40%. Coupled with improved living standards and increased wealth, malaysia has also seen a rise in interest in the forex market. Not too many years ago, trading on the forex market would have been illegal, with caught offenders being sent to jail. Thankfully things have moved on from there and would-be forex traders can now go about their business without the threat of jail.

An insight into the world of forex trading in malaysia

Malaysia has quickly gained a reputation for being an emerging market economy in asia. However, change and rapid growth also have a tendency to attract unscrupulous elements that seek to profit from the inexperience of citizens, particularly if they hold in their hands newfound wealth. It’s all too easy to learn lessons the hard way and fall victim to the ruse of a fraudster. But this doesn’t have to be the way forex trading works. It is easy to protect yourself from unwelcome risk if you want to participate in the trading of foreign currencies.

The most important rule is to always be aware. Forex trading in malaysia and malaysian forex brokers are still relatively new concepts. FBS is one notable broker that have an administrative center in malaysia. Legislation in most locations is a bit behind the times. Trading on the forex market in a more experienced jurisdiction will offer far more protection. Some local government officials still deem the practice to be illegal, in certain forms, and some local islamic tendencies can mean it is outlawed all together. Our advice is to study local legislation, and make sure anything you read is bang up to date. Alternatively, seek out other traders to ask for guidance, and be clear on your religious grounds before starting to trade.

Our recommended forex brokers

How to choose a reliable forex broker in malaysia

Once you’ve jumped the first couple of hurdles the next decision involves selecting the right forex broker in malaysia to use to access the market. You want to pick the right business partner to work in the background and keep your funds safe and secure.

You will need to practice due diligence in order to ensure there are no problems waiting to catch you unawares. Fraud goes hand in glove with the forex market, wherever you may be located in the world. There have been a lot of advances in fraud prevention, but it still pays to be vigilant. Follow our tips and you’ll be well on the road to success.

There are plenty of websites that will help you find a reputable broker, not just ours. But you will still have to conduct your own research. Understand the industry and make yourself aware of the most up to date options in the market for malaysia. Speak with other traders and compile a list of possible candidates. Investigate local credentials and see if you can find any negative reviews.

Take advantage of the free demo account that is offered by the best forex brokers in malaysia. Your own money won’t be at risk as you get to play the forex market with ‘virtual cash’. It’s a great way to get a feel for a broker and be prepared for real money action further down the road.

If it seems too good to be true, it probably is. Be very wary of seemingly unbelievable claims.

Check that the forex brokers in malaysia are regulated. Wherever you may be located in the world, there will be a regulatory body that ensures brokers perform to a certain standard.

The connection between the bank negara and forex trading

The bank negara malaysia is the country’s central bank, as well as being responsible for managing the local currency, the ringgit. Financial regulatory responsibilities are left with the securities commission in malaysia. This commission overlooks exchange-traded products, including commodity and forex futures and how brokers operate in the country. However, regulations are still pretty much in their infancy, and it is still really hazy, as to whether forex trading is legal.

The bank negara malaysia was a major player in the forex market in the late 1980s. The activities of the bank, under governor jaffar hussein, caught the attention of forex players across the globe. It wasn’t long before the influence the bank negara had on the direction of the forex market was substantial. The bank was requested to stop trading when the federal reserve’s chairman realized the impact of its speculation. Over the following few years the bank sold large quantities of some of its currency reserves and ended up being technically insolvent in 1994. Luckily it was bailed out by the malaysian finance ministry.

Which just goes to show that even the so-called experts can get their calculations wrong. But that being said, forex trading is an exciting market to be in, and we’d love to think that we’ve helped you make the best of what’s available.

Malaysia forex brokers

One of the most beautiful countries and economic centers of south-east asia witnessed a growth in the capital market just like the western world. Many feel attracted to the potentially lucrative business opportunities available there. Many others, on the other hand, still feel skeptic about untraditional ways of conducting business and are concerned about frauds and scams.
This article wants to break prejudices of conservative malaysians and familiarize them with the business. Of course, many businesses work under pretences and look for taking your money, but we will explain to you how to find decent companies that are among the best malaysian forex brokers.
Top forex brokers malaysia will offer you fair conditions and fair trade. You just have to know the criteria that need to be met. If you are interested in the malaysian market, either as a trader or just a market analyst, we have some useful tips for you coming up.

Top malaysian forex brokers

The malaysian controversy

Currency trading became legal just recently in malaysia. The malaysian government started to slowly give in and legalized the trade. Be aware that some parts of malaysia allow the trade to a certain point and if you cross that legal line you can find yourself at the other side of the law. The best way is to research the laws and regulations that apply to your area of business and start from there.
After you analyzed and asked around about the legal boundaries, you can move to selecting a fine malaysian forex broker to enter the market.

The authority on malaysian brokers

As we already stated, the malaysian forex broker market might have some unresolved issues, but still the authorities make an effort to implement a steady regulation, and they are committed to the task.
The central bank “negara malaysia” is in charge of the national currency – the malaysian ringgit. The government discussed at great length trading of the national currency and the currency exchange in the past. By now, the malaysian government permitted forex trading in their country, and the regulation was left to the securities commission in malaysia under the purview of the central bank.
Their scope of responsibilities includes exchange of traded products, forex exchange, and overall broker operation in the country. Nevertheless, the regulation is still not quite clear, given its recent creation date.
The bank issues licenses for brokers and protects the investments and personal data of traders. Brokers work under very strict conditions which made experts from the UK and cyprus believe that forex trade is impossible in such an environment. However, the bank proved them wrong. The bank controls over 50 forex brokers malaysia which are quite successful.
The bank handles anything that has to do with the financial trading market like complaints from traders, brokers, or financial agencies.
After all this confusion, let us clearly state that forex trading is legal in malaysia. It works under national financial laws. As a developing country, malaysia permits its residents to trade in foreign currencies with registered forex accounts that should be opened with licensed onshore and offshore banks, as well as with international islamic banks.
The central bank came up with innovation in the business that is not that usual in the western world. Residents can open a joint account. This means that two or more people are allowed to trade with their money together. In that way, they can enlarge their capital in the forex market.
This move of the central bank tries to encourage malaysians to enter the business since they are now hesitant due to legal-illegal ups and downs, and they are not familiar enough with the market. The majority is also not that wealthy to have the extra money to invest, but by joint forces, they can manage to play in the forex league.
You can join the malaysia forex brokers as a foreigner, too. Take the chance to be one of the pioneers in the malaysian market given that malaysia is predicted to become very successful in global forex trading in a few years.

What is forex exactly and what do best malaysian forex brokers offer

As we identified the responsible institution behind the forex trading market that grants you legal protection and security we can move onto explaining the business in general.
The forex trading market is a major player in the global economy with a turnover of billions of dollars on a daily basis. The amount of money speaks for itself, and that is the largest indicator of the market’s success. Trading in currencies can be defined as sophisticated gambling and is, therefore, attractive and profitable but also risky.
As a newcomer, you should be aware that risk is always a part of the game. Study the market for a while before you invest real money.
The malaysia forex brokers, just like other fine brokers, offer, first of all, a demo account for practice. A demo account grants you virtual money to invest and to test the grounds without any risk of losing real money.
After you had familiarized yourself with the account, the interface, and how trading works, a reliable forex broker malaysia should offer you a standard professional account with more options.
If you want the best malaysian forex brokers, look for the ones who offer various platforms since the software platform will be your primary tool in the business. The platform should display all available currency pairs and a chart with trend movements (the movement of pips in the market, indicating if the value of the currency goes up or down). The amazing thing in this business is that you can do business around the clock on weekdays. It is a dynamic environment that changes every second and that is the charm of the business.
Like many others, best malaysian forex brokers offer the stop loss option for your account. The option will appear as soon as you make an investment. The stop loss is especially beneficial for beginners who are still inexperienced to handle their finances without help. The stop loss offers you to put a limit on your investments and at what point to take the profit without incurring further losses.
You can set the option manually so it automatically sells if things start to go south.

Forex terminology: leverages and spreads

In the currency trade, spread refers to the difference between two currencies. For example 1EUR equals 4.558 MYR. The spread would refer to the difference of 3.558.
The malaysian top brokers offer narrow spreads, i.E. 0.3. This is something you should look for as a beginner. The above-mentioned spread would be a little bit too high for a beginner and increases the risk of loss. Trade in currencies that are closer in value to each other. Those pairs are the most traded in the world.
Leverage is the amount of money you can borrow in proportion to the money you invested. Malaysian brokers offer leverages that range from 1:50 to 1:500. This means that for every dollar invested you can get $50 to $100 depending on the leverage your broker offers.
Leverage policy is a regular tool for operation in the business, but it does not diminish the risk of debt. Leverages are to be handled carefully. Ideally, ask someone more experienced on that matter.
The deposit requirements vary among the best malaysian forex brokers. Deposits can range from $1 to $1,000 or more, again depending on the broker you choose.

Customer support

As a newbie, you will probably have a lot of questions and concerns. Forex brokers malaysia should have a customer support system if they operate under regular standards. The customer support should help you with your issues and give you guidelines for your actions. Make sure that your malaysia forex broker has well-prepared and friendly staff.

Experienced traders

All the above stated also applies to the experienced and professionals. In addition, you can look for brokers that offer wider spreads in their currency pairs, a larger currency pair variety, and if you are a real pro, a VIP account to really fit your needs.

Conclusion

We hope that this was helpful for all those who are interested in the malaysian market. Traders are advised to be cautious with brokerage companies and should always look for registered, official, and widely-recognized brokers in malaysia, who are under the strict control of national authorities, and hence can be trusted.

So, let's see, what we have: do you live in malaysia? Here's our top 9 featuring the best brokers in malaysia with tips about how to choose the best one! At malaysia forex broker list