Malaysia Forex Brokers

Forex Brokers in Malaysia, one of the most emerging markets in South East Asia, are increasing as the country is showing great potential as a financial hub. Despite the fact that forex trading is no longer illegal in Malaysia, the concept is relatively new and the market is still very young. Officially, forex brokers operating in this country are not regulated. However, the Securities Commission in Malaysia oversees the exchange of traded products, including securities, futures and high leveraged products like forex.

Not only that, the National Bank of Malaysia (Bank Negara), which is responsible for managing the local currency (the Ringgit), has also made a serious commitment to promote monetary and financial system stability and prosperity while fostering a sound and progressive financial sector.

As Islam is the official religion of Malaysia, forex brokers targeting local residents often offer special swap free accounts. In fact, the Islamic Financial Services Act (2013) requires compliance of these services with the Sharia. Many global brokers have already established offices in Malaysia and even more have Malay versions of their websites. This could lead anyone to believe that they also have local offices and offer customer support in Malay.

 

Here is a list of forex brokers in Malaysia

 

Rank
Broker
Regulation
Min. Deposit
Min. Spread
Start Trading
1
Fxtm
FCA, CySec, FSB
$5
0.1
Open Account
Review
2
Avatrade
CySec, FCA
$100
2.1
Open Account
3
Plus500
FCA, Cysec
$100

0.7
Open Account
4
Easymarkets
CySec, ASIC
$100

0.8
Open Account
5
24option
CySec
$100
2.1
Open Account
6
Markets.com
CySec,FSB
$100
1.7
Open Account
7
Etoro
CySec,FCA,ASIC
$200
0.6
Open Account
8
Ufx
CySec
$500
0.5
Open Account
9
Cityindex
FCA
$100
1.8
Open Account
10
Forex.com
FCA
$250
1.8
Open Account
11
Fxcm
FCA,ASIC,NFA
$100
1.4
Open Account
12
XM
FCA,CySec,ASIC
$100
2
Open Account
13
Exness
CySec,ASIC
$100
0.9
Open Account
14
Fbs
CySec,IFSC
$1
0.9
Open Account
15
Etx capital
FCA
$100
0.9
Open Account
16
FXPro
FCA,CySec
$100
0.7
Open Account
17
HYCM
FCA,CySec
$100
1.9
Open Account
18
IronFX
FCA,CySec
$100
2.2
Open Account
19
ATFX
FCA,CySec,ASIC
$100
0.8
Open Account
20
Alpari
FCA,CySec,IFSC
$100
0.3
Open Account
21
IQ Options
CySec
$100
1.2
Open Account
22
Libertex
CySec
$100
0.6
Open Account
23
AAA Trade
CySec
$100
0.5
Open Account
24
AETOS
CySec
$100
1
Open Account
25
Q8 trade
CMA
$100
1
Open Account