Looking for a trusted Forex Brokers Malaysia? Not sure which Malaysia broker is best for you? Or need to verify if your broker is truly regulated and a trusted broker? 

We provide answers to all the questions in this article. We compare top 100 Forex Brokers, we research the regulation status, spread & commission, time for deposit & withdrawal and many more findings.

SCM Regulated Forex Brokers

Malaysia Forex Brokers should be licensed and operate under SCM (Securities Commission of Malaysia) license or BNM Bank Negara Malaysia (the Central Bank of Malaysia). However, for the retail Forex trading brokers the regulation is not certainly requiring to obtain a license, therefore many licensed institutions operate legally in Malaysia. See SCM page on Wikipedia.

To verify license and see the record of the broker check SCM official website: www.sc.com.my also for latest regulations and updates follow Twitter @SecComMY

Best Forex Brokers Malaysia - SCM Regulation website
Best Forex Brokers Malaysia – SCM Regulation website

Best Forex brokers in Malaysia

To select the best Malaysia Forex Brokers we research SCM regulated Forex Brokers in Singapore and those regulated international brokers like FCA regulated Forex Brokers that accept traders from Malaysia. We made a detailed review of spread, trading platform, deposits and withdrawals, education and customer service. Here is our List of Top 5 Forex Brokers Review and Best Forex Brokers in the category:

  • FXTM – Best ECN Zero Spread Forex Brokers Malaysia
  • FxPro – Best Forex Broker for Swap Free Trading Malaysia  
  • OANDA – Best for Beginners Forex Broker in Malaysia
  • InterativeBrokers – Best for professional traders Malaysia
  • XTB – Best Customer Service Forex Broker

What makes a good forex brokers in Malaysia?

There are 4 points that make Malaysia Forex Broker good – regulation and license with good standing, trading conditions, education and research materials, and customer service.

  • Licensed by SCM or international regulated Forex broker (check license first, as most well-regulated and trusted brokers are not based in Malaysia but accept traders) for money safety
  • Propose good trading conditions with low spread, good range of trading instruments and platforms
  • Provide quality education with Webinars, trading videos and research
  • Easy to contact Customer Support supporting international languages

Malaysia Top Forex brokers List & Review

We select best in its category regulated brokers Forex that are multi-regulated and considered safe or top trusted Forex Brokers for Malaysia traders and are Best Registered Forex brokers with competitive trading conditions:

Forex BrokerAccept Malaysia clientsWhy they are our top picksOur Review
FxProYesFxPro might be the best for swap-free trading. You can choose from numerous trading instruments and currencies, also FxPro is very active in promotions, which is rare, and offering good trading conditions for traders on various platforms including cTrader.Visit FxPro site

FxPro review
FXTMYesFXTM is good for ECN trading and trading strategies that require 0 spreads but a commission basis. FXTM is among 9 brokers with ECN accounts, also offering flexibility between trading size and costs.Visit FXTM site

FXTM Review
BlackBull MarketsYesLooking for regulated high leverage Forex Brokers up to 1:500 BlackBull should be your choice. Beside to high leverage ratios, which is rare due to regulations, there is range of platforms to choose from including MT4, MT5 and copy ZuluTrade.Visit BlackBull Markets site

BlackBull Markets Review
OANDAYesOANDA might be the best for beginners, it has numerous trading opportunities, easy to navigate trading platform, wide range of instruments and professional education with research like TradingView Charts, Dow Jones select News.Visit OANDA site

OANDA review
InteractiveBrokersYesInteractiveBrokers should be the best for professional traders. InteractiveBrokers is among US NFA Forex brokers that is heavily regulated also proposal is excellent, there is almost no brokers in industry compared to IB in terms of conditions. There are numerous trading possibilities, powerful trading platform, analysis, plus low spreads.Visit InteractiveBrokers site  

Interactive Brokers Review
PepperstoneNoPepperstone might be the best for trading execution. Pepperstone uses ECN connection and offers various platforms plus range of tools like Smart Trader, AutoChartist and VPS. Besides Pepperstone is one of trusted Australian Forex Brokers.Visit Pepperstone site

Pepperstone review
XTBYesXTB might be the best fit if you are looking for a good currency trading App and Web platform. XTB has good range of pairs, easy to use Apps and its customer support is just great.Visit XTB site

XTB Review

More on Malaysia Brokers

If you don’t know from where to start we recommended to read detailed Brokers review in your country or navigate categories to select broker for your trading need, also here we answer many common questions.

No Deposit Bonus Forex Brokers Malaysia

For now not many Regulated Brokers offering No Deposit Bonuses due to regulations, however some good and most trusted Forex brokers offering Bonus programs under its international entities. Check Tickmill for no deposit bonus or XM for Depots Bonuses.

Swap free Forex brokers list Malaysia

Swap Free Forex Brokers or those Brokers that offer Swap-Free or Islamic accounts that are compliant to Sharia laws and use no adjustments to swaps or rollovers. There are many largest Forex Brokers in the world and Best Online Forex Brokers offering swap-account, for instance check XM, FXTM, HotForex or IC Markets.

Best Forex Brokers for Beginners Malaysia

It is crucial for beginners to be careful and only choose brokers that are considered safe and regulated, also provide good learning material, Demo account and research tools to get started smoothly. You may Check FXTM or Trading212 learning offering.

Best PAMM Forex brokers Malaysia

PAMM Forex Brokers offering a management module that allowing to operate managed accounts, for money safety choose only well regulated brokers like FXPrimus or IC Markerts.

Top 10 Forex Brokers in the World

Top 10 Forex in the World are different depending on the jurisdiction, there are Top Brokers in US and Top Brokers in the UK while all are firstly reliable Forex Brokers with regulations and good records. Some of the World Top Brokers are the biggest Forex Brokers worldwide like InteractiveBrokers, IG and OANDA.

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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