In this article, we will talk about 5 best Forex Brokers for traders in Malaysia.
How we choose the best forex brokers in Malaysia?
To be the best forex broker in Malaysia, the broker must be well-regulated and offer low fees for traders in Malaysia.
Beyond regulatory compliance & fees, we’ve also compared other important factors such as customer support, trading platforms, speed of trade execution, and other key factors to identify the best forex brokers available for traders in Malaysia.
The following are the five best forex brokers in Malaysia, based on our research. Each broker offers unique advantages, making them stand out in different ways.
Remember, this article is for informational purposes only, and you should always conduct research before investing.
1. Fusion Markets
Assets Available | 5 Asset Classes – Forex, Crypto, Stocks, Commodities, Indices. |
Regulated By | ASIC, VFSC |
No. Of Trading Platforms | 4 Trading Platforms – TradingView, MT4, MT5, cTrader |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From $0 |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Educational Blog |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, PayPal, etc. |
Open Account |
Fusion Markets is a great forex broker for traders in Malaysia. The Fusion Markets broker provides one of the lowest fees for traders in Malaysia.
The Fusion Markets broker was founded in 2017 and based in Melbourne, Australia.
The Fusion Markets broker is a well regulated forex broker that is regulated by the top tier Australian Securities and Investment Commission (ASIC).
This broker provides traders in Malaysia with 3 different account types for live trading. These are the zero account, classic account and the fusion pro account. They also provide an swap free account for Islamic traders in Malaysia.
For the zero account, the spreads start from 0.0 pips and the commission charged is $2.25 per side. For the classic account, the spreads start from 0.9 pips and no commission is charged.
The Fusion Markets broker provide traders with a range of trading platforms. These are MetaTrader 4, MetaTrader 5, cTrader and TradingView trading platform.
When it comes to customer support, Fusion Markets offers 24/7 customer support. Traders can contact the Fusion Markets support team via email, phone, or live chat.
The Fusion Markets broker provides traders with a leverage of up to 1:500 depending on the financial instrument you are trading. If you are interested in high leverage trading the FBS Broker will be more suitable.
To open an account with the Fusion Markets broker, you do not require a minimum deposit. To start trading with the Fusion markets broker, you only require a deposit of $1 depending on the payment method.
If you are interested in learning more about the Fusion Markets broker, check our full review here or watch the video below.
2. BlackBull Markets
Assets Available | 6 Asset Classes – Forex, Commodities, Equities, Indices, Metals and Cryptocurrencies. |
Regulated By | FMA, FSA |
No. Of Trading Platforms | 6 main trading platforms – TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader and BlackBull Invest |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips (depends on account type) |
Commission | From 0% (depends on account type) |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Provides basic education including trading tutorials, webinars, etc |
Methods of Payment | Visa, Mastercard, Bank Transfer, Airtm, Crypto, Neteller, Skrill, HexoPay, AMEX, SEPA, Poll, PaymentAsia, Help2Pay, FXPay, FasaPay, China Union pay, Boleto, Beeteller, AstroPay |
Open Account |
BlackBull Markets is another great option for traders in Malaysia. Founded in 2014 and headquartered in Auckland, New Zealand, they’ve earned a strong reputation for their dependability and superb trading conditions.
The BlackBull markets broker is regulated by several financial authorities, including the top tier Financial Markets Authority (FMA).
The BlackBull markets broker provides traders with a range of trading platforms. These include TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull copy trader and BlackBull invest
The BlackBull markets broker offers traders with 3 main account types for live trading. These are ECN standard account, ECN prime account and the ECN Institutional account. The standard and prime account supports Islamic traders.
For the ECN Standard account, spreads begin at 0.8 pips with no commission fees. The ECN Prime account offers spreads starting from 0.1 pips and charges a commission of $6 per lot. Meanwhile, the ECN Institutional account features spreads starting as low as 0.0 pips with a commission of $4 per lot.
When it comes to customer service, the BlackBull markets broker provides 24/7 customer support. You can contact the BlackBull markets broker through, phone, email and live chat.
The BlackBull markets broker provide traders with a leverage of up to 1:500 similar to that of the Fusion markets broker.
To open an account with the BlackBull markets broker, you don’t require a minimum deposit. If you are interested in learning more about the BlackBull Markets broker, check our full review here or watch the video below.
3. FBS Broker
Assets Available | 5 Asset Classes – Forex, Metals, Indices, Energies, and Stocks |
Regulated By | CySec, IFSC and ASIC |
No. Of Trading Platforms | 3 main trading platform. MetaTrader 4, MetaTrader 5 and FBS Trader |
Leverage | Up to 1:3000 |
Spreads | Starts from 0.7 pips (Standard Account) |
Commission | Starts from 0% |
Min Deposit | $5 |
Demo Account | Yes |
Education Provided | Guide books and webinars. |
Methods of Payment | Bank Wire Transfers, Credit Card/Debit Cards, Skrill, Neteller, Perfect Money, Sticpay and Cryptocurrencies |
Open Account |
The FBS broker is another great broker for traders in the Malaysia that suitable for high leverage trading.
The FBS broker was founded in 2009 and is headquartered in Belize city, Belize.
The FBS broker is a highly regulated by several financial authorities, including the top tier Australian Securities and Investment Commission (ASIC).
The FBS broker offers traders with one main account type, called the Standard account. In addition to the Standard account, they offer Islamic account and cent account.
For the standard account type, the spreads start from 0.7 pips and no commission is charged.
This broker offers a maximum leverage of up to 1:3000 for traders in Malaysia.
This broker provides traders with 3 main trading platforms. These are MetaTrader 4, MetaTrader 5 and FBS Trader.
FBS broker provide traders with great customer support 24/7. Traders can contact the FBS broker through phone, email and live chat.
To start trading with the FBS broker, you only require a minimum deposit of $5. If you are interested in learning more about the FBS broker, check our full review here or watch the video below.
4. AvaTrade
Assets Available | 7 Asset Classes – Forex, Crypto, Stocks, Commodities, Indices, ETFs, bonds. |
Regulated By | ASIC, FSCA, FSA, ADGM, FRSA, ISA, CySEC, CBI |
No. Of Trading Platforms | 8 Trading Platforms – TradingView, MT4, MT5, AvaOptions, AvaSocial, DupliTrade and ZuluTrade |
Leverage | Up to 1:400 |
Spreads | Around 0.9 for Majors |
Commission | 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, WebMoney, PayPal |
Open Account |
AvaTrade is another great broker for traders in the Malaysia. Malaysia broker was founded in 2006 in Dublin, Ireland.
The Avatrade broker is regulated by multiple regulators including the Central Bank of Ireland (CBI).
The AvaTrade broker offers traders with a range of trading platforms. These include the popular MetaTrader 4 and MetaTrader 5 trading platforms.
AvaTrade also offers a mobile trading platform called the AvaTrade Go for traders who prefer mobile trading in the Malaysia.
AvaTrade offers dependable customer support 24/5. You can reach their support team via email, phone, or WhatsApp.
The AvaTrade broker provides traders with 2 main account types for live trading. These are the retail trader account and professional trader accounts.
For the retail account, the AvaTrade broker does not charge a commission and the spreads are around 0.9 pips for the Major currency pairs.
The maximum leverage provided by the AvaTrade broker is up to 1:400 for traders in Malaysia.
To start trading with the AvaTrade broker, you require a minimum deposit of $100.
If you are interested in learning more about the AvaTrade broker, check our full review here or watch the video below.
5. FP markets
Assets Available | 7 Asset Classes – Forex, Crypto, Shares, Commodities, Indices, ETFs, bonds. |
Regulated By | ASIC, CySEC, FSA SVG, FSCA, CMA |
No. Of Trading Platforms | 4 Trading Platforms – MT4, MT5, cTrader, TradingView, Iress platform and FP Markets trading app |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Provides trading videos and articles |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, eWallets (Neteller, Skrill, Poli Pay, and BPay), Broker-to-Broker Transfers |
Open Account |
FP Markets is another broker that provides services to traders in Malaysia.
FP markets was founded in 2005 in Sydney, Australia. Over the years, FP Markets has grown significantly and now has offices globally.
FP Markets is regulated by top tier regulators such as the Australian Securities and Investments Commission (ASIC).
FP Markets gives you a choice of excellent trading platforms to work with including the popular MetaTrader 4, MetaTrader 5 and TradingView trading platforms. You can use them on your computer, through your web browser, or even on your phone.
When it comes to customer service, FP Markets provides 24/7 customer support to answer any questions you have. You can get in touch with them easily by phone, email, or live chat.
This broker provides two main account types of retail clients. These are the Standard Account & Raw Spread Account. For the standard account, the spreads start’s from 1.0 pips and commission charged is $0. For the raw spread account, the spreads start from 0.0 pips and the commission charged is $3 per side.
The FP Markets broker provides traders with a maximum leverage of 1:500.
To start trading with the FP Markets broker, you require a minimum deposit of $100.
Our Evaluation Methodology
We assess brokers through a comprehensive rating system that involves examining more than 100 data points across key categories. Our approach includes the following:
- Trust and Regulation – We verify each broker’s regulatory status and licenses to ensure they operate under the supervision of credible financial authorities, ideally tier 1 regulators.
- Cost Analysis – We scrutinise trading fees and compare them against industry standards by setting up and trading within live accounts.
- Platform Performance – We evaluate the trading platforms’ functionality, user interface, and available tools by conducting hands-on testing.
- Instrument Availability – We assess the diversity and range of tradable assets offered by each broker.
- Customer Service – We test the accessibility and competence of customer support by reaching out via various channels.
- Transaction Methods – We review the deposit and withdrawal options, focusing on fees and processing times.
- Account Variety – We analyze the different account types, considering their features, minimum deposit requirements, and execution methods.
- Educational Resources – We examine the quality and breadth of educational materials provided to help traders improve their knowledge and skills.
Conclusion
In this article, we talked about 5 different brokers that are great for traders in Malaysia. All these brokers are regulated and provide great features for traders in Malaysia.
