Malaysia is a vast country that provides a wide range of investment opportunities for foreign investors. It has been a popular destination for foreign investors in the past decade. In fact, in 2015, Malaysia ranked as the top FDI destination in Asia and was among the top ten global destinations.
The Malaysian forex industry is growing at a fast pace, and forex trading in Malaysia has become one of the most attractive markets for retail traders worldwide. The Malaysian ringgit is one of the top-performing currencies by year-to-date performance in 2016, but it is also considered as one of the most volatile currency pairs in the world.
We are presenting a list of the best malaysia forex broker created by Traders Union. They have compiled a list of top-rated 21 brokers based on their features and offerings. This list has been created after analyzing several different factors, such as regulation, security, fees, and spreads.
The list was created based on data from forex surveys, customer reviews, and other reliable sources.
Here is the list of the top 21 Malaysian forex brokers in 2021
eToro is a trusted forex broker that is regulated by CySec and FCA. It allows stock trading and copies trading with cryptocurrencies with a minimum 50$ deposit. For further information, you can visit review etoro by Traders Union.
- Interactive Brokers
It is also one of the best forex brokers in Malaysia that is regulated by FINRA, NFA, SEC, and CFTC. You can enjoy strong research tools with a large investment selection. No minimum deposit is required.
FxPro is a good forex broker in Malaysia that is regulated by CySec, FSCA, SCB, and FCA. It allows free deposits and withdrawals. You can also enjoy full customer support with easy account creation with a minimum of 100$ deposits.
- Admiral Markets
Admirla Markets is the Malaysian best forex broker, regulated by EFSA and MiFID. Traders can create commission-free accounts with advanced trading tools. It required a minimum of 100$ deposit.
AvaTrade is the Malaysian best forex broker that is regulated by FFAJ, FSA, FSCA, and, ASIC. Traders can enjoy free deposits and withdrawals and research tools. You need a minimum of 100$ deposit to open an account.
Tickmill is the Malaysian best broker that charges low trading fees and allows free deposits and withdrawals. 100$ is the minimum amount to open an account with Tickmill.
FBS provides a commission-free trading environment and allows copy trade for beginners. You can open an account with only a 1$ deposit. It is regulated by MiFID and CySEC.
The advantage of this broker is that you can trade with first-class web trading using educational tools. There are different deposit and withdrawal options. It is regulated by CFTC, FCA, and NFA.
Exness is also operating in Malaysia and offering low spread and fast money & execution. It is regulated by FCA, FSCA, FSA, and CySEC. No deposits are required to open an account.
OctaFX is one of the best Malaysian Forex brokers regulated by CySEC. It is a sophisticated platform for forex trading and crypto trading. With only a 25$ deposit you can start trading.
- Saxo Bank
Saxo Bank is a trusted bank in Malaysia that is regulated by FINMA. Being a good platform it provides high-quality news and research tools. You can start with Saxo Bank with 10,000$.
FXCM is a forex broker that has a diverse platform with decent research and educational tools. It is also reliable and trusted as it is regulated by ASIC and FCA. It required a 300$ deposit to open an account.
- CMC Markets
FCA regulates CMC Market in Malaysia. It offers both mobile and web platforms to trade. You will also get low forex trading fees and advanced research tools.
XTB offers low fees and free deposits & withdrawals. CySEC regulates the XTB forex broker. The account opening process is simple and easy, no deposits are required to open an account.
It is one of the best Malaysian Forex brokers, regulated by FCA. No commission fee and users can trade using a variety of trading tools.
Pepperstone is the fast and fully digital forex broker in Malaysia. FCA regulates pepperstone broker.
- City Index
City Index also offers low fees with easy account creation. A minimum of 150$ is required to trade with this broker.
This is a reliable broker and it is affiliated with CIMA and CySEC. It has low fees for forex and CFD and a 100$ minimum deposit.
- Plus 500
Plus 500 offers demo accounts for beginners. It is reliable and trusted, regulated by CySEC, ASIC, and FCA. The minimum deposit is 100$ to start trade.
- FP Markets
FP markets provide smooth account creation with fast deposit and withdrawal. ASIC regulates this broker in Malaysia. Traders need to deposit 100$ to start trading.
AxiTrader is the last best forex broker by Traders Union in Malaysia. It is also a regulated broker, FCA, and ASIC regulates it. No minimum deposits are required to open an account.