Today, brokers are free to legally offer their services to Malaysian traders, but bad brokers remain。Therefore, before opening an account, you need to ensure the legitimacy of the broker。You should also consider other factors, but when trading, the most important is whether the broker is within the country and whether an Islamic account is available。

Advantages of Malaysian Brokers

Registration with a Malaysian government agency

For typical financial service providers, Malaysian traders are advised to check whether the broker holds a Capital Markets Services Licence (CMSL) issued by the Securities Commission of Malaysia (SCM), which specifically targets brokers engaged in capital markets trading.。

As for foreign exchange transactions in Malaysia, the regulation is actually confirmed by the Bank Negara Malaysia, the central bank of Malaysia.。As early as February 2012, the authorities said they would allow the purchase and sale of foreign currencies in Malaysia and that transactions must be conducted with licensed commercial banks, Islamic banks, investment banks and international Islamic banks.。

Malaysia has multiple financial regulators issuing licenses for trading providers。In addition to the Securities Commission of Malaysia (SCM), which specialises in dealing with the securities market, there are the Malaysian Stock Exchange (Bourse), the Malaysian International Islamic Financial Centre (MIFC), the Sharia Law Advisory Council (SAC) and the Labuan Financial Services Authority (Labuan FSA or LFSA).。

Forex brokers legally operating in Malaysia are mostly registered as currency brokers with LFSA。Established in 1996, the statutory body is responsible for the development and management of the Labuan International Business and Financial Centre (Labuan IBFC) to promote and develop Labuan as an international business and financial services centre.。The Labuan International Business Finance Centre has improved the country's financial sector through its strong regulatory and supervisory functions in line with international standards。

According to the LFSA's official statement, licensed Labuan currency brokers bring clients together with counterparties in the currency or foreign exchange market and perform matching and mediation, and they provide the necessary means to facilitate transactions, paid in the form of commissions.。

Operating in Malaysia

For Malaysian traders, a good broker should not only have a license from a local institution such as the LFSA, but also operate in the country and have a headquarters or at least one branch there.。This is to strengthen its presence in Malaysia's financial sector and optimise their services to clients who need offline advice.。

Islamic Account

Malaysia is a world-renowned Muslim country that has enshrined Islam as its state religion in its constitution.。Therefore, Forex brokers in Malaysia must ensure that their services comply with Sharia law, usually deposited in Islamic or no-swap accounts, eliminating swap rates for overnight positions.。

Tickmill

Tickmill provides quality trading products and services with transparency and innovative technology, and its retail trading conditions are well-known in the industry.。Since its inception in 2014, Tickmill has built on strong financial results and a proven track record of growth as a trusted market leader in Forex and CFD brokerage.。

Broker	Tickmill
Name of Enterprise	Tickmill Asia Ltd
Malaysian Regulators	Labuan Financial Services Authority (LFSA) License No.: MB / 18 / 0028
Office Address in Malaysia	Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 Labuan F.T
Islamic accounts	✅

IFC Markets

IFC Markets is a leading brokerage firm in the forex and CFDs market, established for 16 years, with a presence in the market.。The broker provides traders with world-class services with unique advantages such as NetTraderX analysis platform, PAMM account, portfolio quotation method and comprehensive tools。

Broker	IFC Markets
Name of Enterprise	IFC Markets Ltd
Malaysian Regulators	Labuan Financial Services Authority (LFSA) License No.: MB / 20 / 0049
Office Address in Malaysia	Level 14B & 14C, Main Office Tower, Financial Park Complex, Jalan Merdeka , 87000 Labuan F.T
Islamic accounts	✅

ICM Capital

Another broker that meets the criteria of Malaysian traders is ICM Capital, which started out as a London-based firm and has expanded to many countries since its inception in 2009.。The company claims to always follow industry best practices to maintain high standards of governance, compliance and consistency。One of their main services is ECN trading conditions, which combines advanced technology and deep liquidity。

Broker	ICM Capital
Name of Enterprise	ICM Capital (Labuan) Limited (formerly known as ICM Trader Limited)
Malaysian Regulators	Labuan Financial Services Authority (LFSA) License No.: MB / 18 / 0029
Office Address in Malaysia	Office Suite 1623, Level 16 (A), Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 F.T., Labuan
Islamic accounts	✅

Hirose

Founded in 2010, Hirose offers Forex and CFD trading services to clients worldwide, with one of its strong strengths coming from Japanese innovation.。Although often referred to as Hirose Financial UK, under the leadership of Hirose Group, the broker has actually expanded to other markets such as Malaysia.。

Broker	Hirose
Name of Enterprise	Hirose Financial MY Limited
Malaysian Regulators	Labuan Financial Services Authority (LFSA) License No.: MB / 15 / 0006 and approved to conduct digital financial services related business。
Office Address in Malaysia	Level 2, Lot 19, Lazenda Commercial Centre, Phase 3, 87007 F.T. Labuan
Islamic accounts	❌

Deriv

Founded in 1999, Deriv has undeniable experience in providing forex trading services, providing CFDs and other derivatives in forex, stocks, indices, cryptocurrencies and commodities to millions of clients worldwide.。Deriv's motto is "Let anyone, anywhere, trade" and its goal is to get rid of the high commissions of traditional brokers.。Despite cost-cutting measures, the goal is to provide traders with a first-class experience。

Broker	Deriv
Name of Enterprise	Deriv (FX) Ltd.
Malaysian Regulators	Labuan Financial Services Authority (LFSA) License No.: MB / 18 / 0024 and approved to conduct digital financial services related business。
Office Address in Malaysia	Lot No.F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan F.T
Islamic accounts	❌