Best Forex Brokers in Malaysia

We have diligently reviewed the best forex brokers in Malaysia.

Forex Trading in Malaysia is very popular among Malay residents, due to low barrier of entry, mainly thanks to low deposit requirements to open a forex trading account.  Unlike in the past, Malay can now trade on forex market legally.

Any international regulated forex brokers will gladly accept Malay traders!

Best Forex Broker Malaysia

  • Pepperstone – Best FX Broker Malaysia
  • XM – Best Service for Retail FX Traders
  • eToro – Copy Other Successful Traders
  • Hotforex – High Leverage up to 1:1000
  • IQ Option – Best for Forex and Binary Options

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Malaysian Forex Brokers Comparison

Compare Malaysian authorised forex and CFDs brokers below.


Regulation of forex brokers in Malaysia


Bank Negara Malaysia

SCM – Securities Commision Malaysia

That means, Malaysian forex traders are free to choose to trade with whatever offshore forex broker they want!

Islamic Forex Accounts for Malay Forex Traders

Since Malaysia is a Muslim country, we strongly recommend to every Muslim to open an Islamic Forex Trading Account that is SWAP free, meaning the broker won’t charge you with overnight swap fees. Not all forex brokerages offer and Islamic account of course, Please check the comparison table to see which forex companies offer this account setup.

How to choose forex broker as Malay Trader

  1. Regulation & License
  2. Customer support
  3. Forex Trading Platforms
  4. Minimum Deposit
  5. Leverage
  6. Forex Demo Account
  7. Trading fees /spreads/
  8. Forex Bonuses
  9. Forex News and research
  10. Forex Signals


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