In the Forex market, traders need to make many choices, large and small, and Forex brokers are the top priority, they directly determine the success of trading。So, this article will introduce you to the best nine Forex brokers in Malaysia in 2024。

Foreign Exchange Trading in Malaysia

Forex and CFD trading is legal in Malaysia, and not only that, Malaysian traders can also benefit from brokers regulated by the Labuan Financial Services Authority (LFSA).。The LFSA oversees the operation of the country's financial markets and the trading of securities。Alternatively, in order to gain access to the global market, traders can look for reliable foreign licensed forex brokers in Malaysia。

Malaysia is adjacent to Singapore, one of the two most active financial centres in Asian trading sessions, with less trading activity (compared to EU and US trading sessions).。Therefore, Malaysian traders must choose a licensed broker that can obtain deep liquidity and support fast order execution.。

Best Forex Broker in Malaysia

JustMarkets ——Overall Best

Founded in 2012 from the Cyprus Securities and Exchange Commission (CySEC) to the Seychelles Financial Services Authority (FSA), JustMarkets is a broker licensed by different regulators in several jurisdictions.。As an international CFD broker, JustMarkets offers a wide range of services to traders around the world.。

Minimum deposit $10; 263 tradable instruments; medium fees。

Just Global Markets Ltd.Features:

1. Regulated by Seychelles FSA
2. MYR is the base currency
3. Islamic Account
4. Deposit and withdrawal with MYR

Advantages	Disadvantages
Very competitive transaction costs	No Asian stocks
Proprietary social trading services
Flexible deposit and withdrawal options
Multi-function account supporting no swap transactions
24 / 7 customer support

JustMarkets has three account types that offer extremely low spreads and commission-free trading。raw spread (from 0.0 point start) account is the only account with a fixed round commission - 6 MYR per lot, in line with the industry average, suitable for the implementation of high-frequency trading strategies such as scalping.。

All accounts can be opened with MYR as the base currency, which is more beneficial to Malaysian traders.。In addition, JustMarkets supports the famous MetaTrader 4, 5, enough for basic technical analysis。Not only that, the broker also has its own social trading service as well as deep liquidity.。

OCTA - Best for Social & Documentary Trading

The OCTA was established in 2011 and is not regulated by any regulatory body.。The broker is very friendly to follow-up traders, offering generous commissions to signal providers and helping followers find great opportunities to follow orders.。

Minimum deposit $100; 230 tradable instruments; low fees。

Octa Markets Inc.Features:

1. No regulation
2. MYR is not the base currency
3. Islamic Account
4. Deposit and withdrawal with MYR

Advantages	Disadvantages
Low spread, no commission	For Malaysian residents only, entities are not regulated
Rich research database	no difference contract stock
Extremely fast order execution	No phone support
Free deposit and withdrawal

OCTA offers two retail account types, commission-free trading and 0.Floating point difference from 6 o'clock。The implementation spread between the euro and the dollar in the morning and afternoon trading sessions is slightly different - 1.0 and 0.8 points, in line with the industry average。Due to its competitive pricing, it is particularly suitable for high-frequency and high-volume trading and supports multiple trading strategies。

OCTA's proprietary documentary trading app connects the best signal providers with documentary。In addition, OCTA allows traders to freely compare the performance of various strategies and check their average returns, maximum retracements, average losses, etc., which facilitates traders to review after the fact to reduce risk.。

Errante - Best MT4

Errante, founded in 2019 and headquartered in Limassol, Cyprus, is regulated by CySEC and the Seychelles FSA.。The complete MT4 suite offered by this broker is simple in design and easy to operate, making it the first choice for traders worldwide。

Minimum deposit $50; 128 tradable instruments; medium fees。

Errante Securities (Seychelles) Ltd.Features:

1. Regulated by Seychelles FSA
2. MYR is not the base currency
3. Islamic Account
4. Deposit and withdrawal with MYR

Advantages	Disadvantages
Low minimum deposit requirements	Insufficient educational materials
competitive price
Reliable customer support
MT4 All functions

Errante's MetaTrader 4 features more than 50 analytical tools such as technical indicators and plotting tools to study price behavior and identify different trading opportunities such as breakout or breakdown, range trading and trend trading。The platform is also often used for algorithmic trading due to its built-in intelligent trading system (EA) capabilities that can automate your trading strategy and get in and out of the market precisely.。

The minimum deposit requirement for Errante ECN accounts is $200 with a floating spread of 0.1 point, with a commission of $6 per lot, slightly below the industry average。

FBS - Best for beginners

FBS was established in 2009 and is regulated by the Belize IFSC。The broker is perfect for novice traders and most of its services are tailor-made for them.。

Minimum deposit $1; 164 tradable instruments; medium fees。

FBS Markets Ltd.Features:

1. Regulated by IFSC Belize
2. MYR is not the base currency
3. Islamic Account
4. Deposit and withdrawal with MYR

Advantages	Disadvantages
Low point difference	Order execution is relatively slow
Diverse account types
education is rich in content
13 deposit options for Malaysian traders

FBS offers 7 account types, including typical STP and ECN account types, as well as cent and micro accounts specifically designed for small-volume transactions, in addition to specialized cryptocurrency accounts.。

FBS cent account offers 0.Floating spreads from 6 and 0 commissions, below industry average。Novice traders can choose between MetaTrader 4 and 5. Although they are not very flexible, they have a simple learning curve; the broker also supports documentary trading and automatic trading。

FBS regularly publishes webinars and workshops, equipped with extensive educational videos and guides, from technical analysis to complex trading psychology and risk management, ideal for beginners who want to gain a balanced and multi-level trading understanding。

Swissquote Bank - Best for professional traders

Founded in 1996 and headquartered in Zurich, Swissquote is regulated by the Hong Kong SFC and provides industry-leading services to professional traders.。

Minimum deposit $1,000; 559 tradable instruments; high fees。

Swissquote Asia Ltd.Features:

1. Regulated by Hong Kong SFC
2. MYR is not the base currency
3. Islamic Account
4. Deposit and withdrawal with MYR

Advantages	Disadvantages
High degree of specification	High point difference
Ultra-fast order execution
A variety of tools, contract type rich
Professional Platform

The average execution speed of Swissquote is lightning fast, about 9 milliseconds, making it ideal for high-frequency trading。Due to the reduced risk of negative slippage, experienced traders interested in scalping will gain the most。

Swissquote's standard Forex and CFD accounts offer commission-free trading and 1.With a 7-point floating spread, traders also have access to more than 450 low-risk securities and high-yield / risk assets that can be used to balance trades.。

Swissquote's advanced trading platform adapts to automated trading with its fast order execution feature。In addition, experienced traders can use its professional-grade chart function to perform detection technical analysis, and its intuitive and user-friendly design is suitable for identifying complex trading opportunities。

AMarkets - The Best Account

Founded in 2007 and regulated by Mwali MISA, AMarkets offers more than 550 trading instruments and 24 / 7 customer support across different markets.。

Minimum deposit $10; 551 tradable instruments; high fees。

AMarkets Ltd.Features:

1. Regulated by MISA in Mwali
2. MYR is not the base currency
3. Islamic Account
4. Deposit and withdrawal with MYR
5. Malay Customer Support

Advantages	Disadvantages
Multiple optional trading instruments	Poor supervision
Multiple account types
Multiple trading and market analysis tools
Bonuses and Cash Back Plans

AMarkets' ECN trading account has a market execution function, with a round commission of $5 per lot and an original spread of 0.0 points, in line with the industry average。EUR / USD spread of 0.6 pips, the cost of trading a full position is about $11 (0.6 pips x $10 pips + $5 commission)。

In addition, the broker offers a standard account with a maximum leverage of 1: 3,000 and a floating spread from 1.from 3 o'clock, and a dedicated crypto account with a maximum leverage of 1: 500。As for fixed accounts, the fixed spread is from 3.0, suitable for risk-averse traders, designed to hedge the risk of sudden market fluctuations。

AMarkets offers the well-known MetaTrader 4, 5 platform, WebTerminal is a browser-based trading terminal。Its MetaTrader 5 platform is feature-rich with over 100 analysis tools and chart customization。Moreover, the AMarkets mobile trading app enables traders to trade seamlessly on the move。

In addition, AMarkets offers VPS hosting and best-in-class market analysis, as well as seamless trading insights from AutoChartist, one of the industry's leading signal and technical analysis software.。

Tickmill - Best LFSA Regulation

Founded in 2014, Tickmill is regulated by the Malaysian FSA and is licensed by the LFSA to have offices in Labuan, Malaysia.。

Minimum deposit $100; 747 tradable instruments; low fees。

Tickmill Asia Ltd.Features:

1. Regulated by Malaysia FSA
2. MYR is the base currency
3. Islamic Account
4. No deposit and withdrawal in MYR

Advantages	Disadvantages
Global Multiple Regulation	No proprietary platform
More than 260 instruments from different markets
Extremely low transaction costs

Tickmill customers can choose between MetaTrader 4 and 5, including a large number of technical indicators, drawing tools and trade order types。Not only that, but Tickmill offers 21 different time frames that give traders real deep, in-depth insight into price action.。

Tickmill's classic account offers commission-free trading and 1.Floating spreads from 6 o'clock, in line with the industry average; original spreads for professional accounts from 0.From 0: 00, the commission is $4, which is much lower than the industry average, especially suitable for high-frequency trading and scalping trading。All in all, Tickmill's diverse account types provide truly competitive conditions for all types of traders.。

FP Markets ——Best Low Spread

FP Markets was established in 2005 and is regulated by CySEC and ASIC, allowing traders in Malaysia to open accounts with FP Markets offshore entities.。

Minimum deposit $100; 844 tradable instruments; medium fees。

FP Markets LLC.Features:

1. No regulation
2. MYR is not the base currency
3. Islamic Account
4. Deposit and withdrawal with MYR

Advantages	Disadvantages
Top regulation	No proprietary platform
Extremely low cost
Best Implementation Policy
No non-activation fees and handling charges are required for deposits and withdrawals.

FP Markets' original account offers 0.Original spread from 0 and round commission of $6 per lot。As a result, trading 1 full lot (100,000 units) EUR / USD would cost around $7, below the industry average.。The broker also offers two pricing models - ECN and DMA, both of which allow orders to be executed quickly without the need for a trading desk。

FP Markets offers more than 800 instruments, including 105 CFD stocks from the Hong Kong Stock Exchange, providing traders in Malaysia with huge versatility to trade during the Asian trading session.。

FP Markets supports the popular MetaTrader 4 and 5, which caters to retail traders, and the seamless iRESS platform, which is tailor-made for professional stock traders, allowing them to trade more than 1,500 shares.。You can also trade on cTrader, one of the most versatile platforms for better insight into price action behavior。

Another major advantage of FP Markets is the large number of third-party tools that support Autochartist and Myfxbook, one of the world's most trusted signal providers, as well as social trading and automated trading.。

AvaTrade - The Best Trading Platform

Founded in 2006, AvaTrade is licensed by regulators such as ASIC and CySEC in nine different jurisdictions.。

Minimum deposit $100; 956 tradable instruments; low fees。

AvaTrade Markets Ltd.Features:

1. Regulated by British Virgin Islands BVI FSC
2. MYR is not the base currency
3. Islamic Account
4. No deposit and withdrawal in MYR

Advantages	Disadvantages
Global Multiple Regulation	Not all entities offer investor compensation plans
offer options trading
More than 1,200 tradable instruments
A variety of excellent mobile applications

The AvaTrade platform supports three chart types (bar, candle, and line charts), 10 time frames, and more than 100 trading indicators。A large number of tools enable traders to conduct thorough technical analysis from multiple perspectives, selecting the most advantageous entry and exit levels。

AvaTrade offers commission-free trading and 0.The 6-point floating spread is largely below the industry average and is quite competitive for foreign exchange currency pairs and commodities, but weak for CFD stocks and indices.。

AvaTrade is ideal for traders seeking to spread risk beyond CFDs by offering options trading。Options provide the right to enter the market at a specific level, with limited risk, the maximum loss is usually the royalty paid, and the potential profit is unlimited。

Evaluating Brokersimportant factors of

By using the comprehensive analysis method, the following key evaluation factors are summarized:

• International regulation: highly transparent, highly regulated and licensed to provide financial services to Malaysian traders。
• Local Customer Support:Customer support in Malaysian during Malaysian business hours。
• Islamic (no swaps) accounts:Provide Islamic accounts that allow swap-free transactions。
• in ringgit as the base currencyWhether to acceptMYR As the base currency of the trading account。
• To be paid in ringgit:Whether to support deposit and withdrawal in ringgit。
• Low costWhether to offer the lowest transaction fees in the industry (spreads, swaps and commissions)。
• Diversified accounts:The number of instruments available and the possibility of implementing various trading strategies。
• Trading Software:可以Good balance between user-friendly and highly practical trading platforms。
• Trading experience:ProvideQuality supporting materials, including research and educational content, for traders 360 degree of market development perspective。