Best Forex Brokers In Malaysia 2024

Best Forex Brokers In Malaysia

Forex broker platforms allow a person to buy and sell the following currencies easily. Whenever a person is dealing with best  forest brokers in Malaysia, they need to choose the top ones only. In case they are not coming in contact with the best ones, then it will create some unnecessary trouble for them.

Whatever the transactions they will be going to make in the market, all of them will be going to happen between two currencies. The Forex traders will help you in buying or selling the particular pair they wish to trade further.

Best Forex Brokers In Malaysia 2024

If you are in Malaysia and you are looking forward to the top Forex Brokers, then here we will be going to discuss them.

1. Xm – Click here to get 50% Depost Bonus

Top forex brokers from Malaysia

Xm group is in the category of best desk brokers available in Malaysia. They offer a lot of things to the traders dealing with them. Moreover, they offer a floating spread which suits the requirement of every kind of traders. Moreover, they are available with swap pre-Islamic accounts along with a variety of other account types.

All of them will suit the traders effectively. Scalpers, these are the best to consider and for intraday and long-term traders as well. The reason behind choosing them because they are the tight spread and is available with fast execution along with good analysis software. No minimum deposit has been settled by them, and traders can start with them easily.


  • Withdrawals are fast and free.
  • Wide range of asset is available.
  • Well regulated
  • Excellent education


  • Dealing desk

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2. Oanda

Oanda Malaysia trading

Oanda is also one of the best Forex brokers in Malaysia because of the services they offer. They are the early pioneers of online Forex brokers, and it was established in around 1990. Dr. Richard Olsen and Dr. Michael Stumn founded it.

The trading platform was launched online in 2001, and it was fully automated. Moreover, they have grown to extend that no one will face any kind of trouble and also handle millions of queries in a day. On average, almost 20% of the

Global spot trade goes with them, and they are among the best ones to choose. A trader will not face any kind of trouble because the customer services available are up to the mark.


  • Trading practices are innovative.
  • Transparent and open pricing newlines discrimination is not done between traders.
  • Quality execution
  • Reputable broker
  • Quality support
  • Tight spreads
  • Simple to use Forex trading platform
  • Innovation is there


  • Charting packages are not up to the mark.
  • They are among the market makers.
  • MT4 platform does not support EAs

3. Vantage FX

Vantage Fx

In 2009, Vantage Forex was found. The brand name for it was Vantage International Group. Cayman Island Monetary Authority regulates it. They are known to provide best services and also advertiser’s segregation of client funds. Also they of the services which are designed for both professional and beginners. In case beginner is not aware of any of the aspect, then they can simply ask them.

Moreover the known to operate CFD trading on indices along with commodities. Metatrader 4 and metatrader 5 share also up to the marks and usable not face any kind of trouble. The platforms on which it is supported include Mac, iOS, Android and PC.


  • Promotional trading offers are available
  • Unique bonus options
  • National Australia Bank segregates the client fund
  • CFDs are shared by Hong Kong and US
  • Trading through ECN Forex


  • On offer, limited share CFD is available
  • For Europe and UK regulator, no regulations are there

4. Octa FX

OCTA FX broker in malaysia

In 2011, Octa FX was founded and it is known to offer best Forex trading. Along with ECN trading, it offers CFD trading on indices, cryptocurrencies, metals, and along with metatrader and Ctraders suit. It serves as the best trading platform and can be used on Windows desktop, mobile, web easily. Moreover, After Effects trading app is available that help a user to deal with things easily.

Whether you are a beginner or a professional, this platform will fulfill your entire requirement. It also allows you to get access over micro, pro and ECN accounts. It is known to offer impressive range of education along with the trading research tools. AutoChartist is also available in it


  • Offers wide range of research tools
  • Access to copy trading
  • Across desktop, one will be able to trade on MT4, MT5 and Ctraders
  • Best suited for beginners and advanced traders
  • Multiple trading accounts are available


  • Commodity market is Limited
  • Withdrawal and deposit options are limited
  • No individual stocks CFDs are available

5. Plus500

Plus 500

How one can forget about Plus500 whenever they are looking forward for top Forex brokers in Malaysia. It is one of the leading CFD trading platforms available and it is known to support cryptocurrencies, stocks, indices form and forest. This is a Commission free brokerage charges and also the spread rates are very low.

Fast rates are also offer on this great platform. Complex rates are also supported which include negative balance protection as well. If you are not aware how you will be able to use it, then freedom option is available which you can consider. Free demo account will help you to test the platform and also about the trading strategies they follow.


  • 2000+ products are supported to trade across global market
  • License is available in multiple regulatory hubs and publicly listed
  • Fast execution
  • No Commission
  • Advance trades
  • Forex, share, indices, cryptocurrency, and commodities are included


  • No direct Forex trade only CFDs are supported
  • Less research data is there
  • On margins rates are higher

6. Fp Markets


Fp market also hit in the list of best Malaysian brokers available. They are available with study ASIC regulations and also of a transparent dealing. Moreover, if a user wishes to select the set the option is also available. Multiple account types are supported and user will be able to choose them easily. On Forex currency pairs, the spreads are low and it is serving as the modern trading platform available.


  • On Forex currency pair the spread is low
  • ECN execution
  • DMA execution
  • Trading platform is modern
  • More than 10000 instruments are available from which user can choose


  • No as such cons are linked with it

7. Tickmill


Tickmill is also one of the best platforms to choose, and it is known to offer low stress and commission. Moreover, the user will be going to get 30 USD welcome bonus for all the execution she will be going to do on the MT4 platform. Moreover, within the industry, it has been maintained a reputation which no other platform has maintained. Moreover, the accounts can be converted to Islamic account, and every client will be able to get access over free AutoChartist and copy.

It is quite interesting to see that it is a well-regulated platform and known to offer fast and free withdrawals. A regular winner will be going to earn condition awards which let them deal with the things more easily. The performance of the platform is also up to the mark and the user will not face any kind of trouble. Moreover, a wide range of asset is also referred to it.


  • Well regulated platform
  • Assets range is wide.
  • Withdrawals are fast and free.
  • Spreads are tight


  • MT4 only

8. Avatrade

AvaTrade Forex Broker website

Avatrade is also the best platform for all those who are a beginner and want a friendly platform. Moreover, it has earned a lot of reputation all over the world and supports all the leading trading platforms. Moreover, here you will not feel any kind of difficulty because it is known to of a top-quality multilingual support.

As per the requirement, the user can go with it. On Islamic accounts, trading conditions are up to the mark, and a user will not face any kind of a hassle because they can easily ask the customer share to deal with it. It has maintained a solid reputation, and no one can say that something is missing in it.

It is quite interesting to see that they are known to offer cryptocurrencies; commodities exchange-traded funds, bones, equity, options, and Forex as well. For any type of Forex trader, this platform is right to choose. From beginners to scalpers and intraday traders to long-term traders, this platform will serve their requirements.


  • Well regulated
  • The minimum deposit is low.
  • Good choice for beginners


  • Dealing Desk
  • Limited education

9. Gkfxprime


GKfxPrime is also one of the best platforms available for trading. There are so many features which make it an available choice to have because the autochatrist option is available that will help you to get a quick overview of it.

Moreover, it offers client trading Central platform inside market depth and knowledge as well.
Are you there will be able to understand the things easily? Moreover, it is a trading platform which is known to offer

MT4 to its clients. It is quite interesting to see that every inside is available and you will be able to try it for free as well. The demo account will let them understand financial trading with a secure environment easily.


  • Free demo is available.
  • One will be able to open a live account easily.
  • It acts as a central trading platform.


  • Only MT4 is there

10. HYCM


HYCM also hits in the category of top brokers in Malaysia, and there are so many pictures which are linked with. It was founded in 1977 and regulated in 2 tier jurisdictions. Moreover, it is a safe broker, and the rest is average for CFD and Forex trading. But sometimes the price may create are trouble for users. Moreover, the trading cost paid for Forex depends upon the type of account.

Here the account types can be fixed, classic and draw. You can choose any of them as per their requirement. Also, when it comes to looking at the offerings available, a user will be able to ask the service provider, and they will help them to deal with it easily.


  • Safe broker for Forex and CFD trading
  • Metatrader broker
  • More than 200 instruments are available for retail Forex and CFD traders.
  • Virtual trading is also available, and it is free of cost.


  • Quite expensive
  • Terrible customer service


These are the best Forex brokers Malaysia is available and you can trade from home. It only depends upon the user which one day wish to consider. Moreover, it is a suggestion whenever you are looking forward to choosing a platform, always choose the one available with every basic feature and serving your requirement.

In case you have to the platform which is not fulfilling your requirement, then it became quite difficult for you to get engaged in trading effectively.

Understand about the Strategies and style and then further get and get in the things easily. Always to the platform which is easy to access and secure as well. Pricing may create an issue for you; this depends on how much you wish to invest in it.

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About the Author


I'm a full-time Forex trader from the Philippines and a writer on studies related to Forex Market. I analyze and predict the currency market with my experience and knowledge.
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