Read this guide and find the best Malaysian FX brokers now

Malaysia is a country in Southeast Asia and it occupies parts of the Malay Peninsula and the island of Borneo. Forex brokers Malaysia has become very popular in the country in the last few years and many citizens of the country are very interested in this field. If you are looking for the best broker in the country, there are several things that you should keep in mind before starting trading. We have created this guide to help you better understand the field in Malaysia and offer you a piece of advice on how to start trading in the country.

First of all, you should look for the regulations that are in place. Double-checking this information can be very helpful, you can contact the regulatory bodies directly and get information from there. Also, Malaysia’s Forex brokers are one of the few where you can take advantage of the Islamic Account, which means that people can trade swap-free.

Malaysia is one of the top destinations for FX traders around the world and because of that, there are many different types of offerings that everyone can enjoy a lot. There is a list of best Forex brokers in Malaysia who offer their own platforms in Malaysia, but platforms like MetaTrader 4 and MetaTrader 5 still remain to be very actively used by top FX brokers in the country.

There are various payment methods offered by Malaysian brokers, most of them created so that people can have the ability to choose between different ones and find their favorites. Most of the brokers accept payments by Credit/Debit cards, E-Wallets, and direct bank transfers.

While talking about the best brokers in the country, XM should be mentioned. If you do not have much time and are just looking for the top Forex broker in Malaysia, we can offer you to try out the great platform of XM. It represents one of the most popular Forex trading companies on the market, to check out their offerings, follow the link below.

Start trading with XM now

List of brokers in Malaysia

There are many brokers in the country that offer people one of the best experiences on the market. It is very important that you make your decision according to the things you are looking for in brokers. Even though it is very hard to say which is Malaysia’s best Forex broker, there still are some of them that can be considered to be better than the others.

To make a final decision, be sure to check the details about the brokers, there are special pages created at the websites offering Q&As for users, look for them, and learn more about the offerings that they might have.

XM Group

XM Group Forex Review

Minimum deposit

5 USD

Licences

CySEC, IFSC, ASIC

Maximum leverage

1:30*

US Clients

No

Exness

An in-depth review of Exness Forex broker

Minimum deposit

1 USD

Licences

CySEC, FCA, FSA

Maximum leverage

1:Unlimited

US Clients

No

IQ Option

IQ Option Review – can the broker be trusted?

Minimum deposit

10 USD

Licences

CySEC

Maximum leverage

1:1000

US Clients

No

BlackBull Markets

BlackBull Markets Review – What Does This FX Broker Offer?

Minimum deposit

$200

Licences

FMA

Maximum leverage

1:500

US Clients

No

Forex.com

Forex.com Review

Minimum deposit

100 currency units

Licences

CIMA, FCA, NFA

Maximum leverage

1:200

US Clients

Yes

RoboForex

RoboForex Broker

Minimum deposit

100 USD

Licences

CySEC

Maximum leverage

1:200

US Clients

No

Can FX brokers in Malaysia function legally?

Forex trading is legal in Malaysia and actually is very popular among the population of the country. Since it involves foreign leverage it can quite a risky thing, however. Because of this, it is largely recommended to have accurate information and knowledge about currency exchange prior to starting trading.

Because of such high risks, the best Forex brokers in Malaysia offer a different type of webinars, E-books, videos, and guidelines that everyone can use to get more information about the field. These offerings are not only for those who are starting our trading now, but they can also be enjoyed by people who have been trading for a long time to get new and accurate information about the world of Forex.

You can legally trade many different currencies in Malaysia if you are working with the institutions that have some kind of authorization or are under the regulation of the government bodies. This can also be a sign of safety, since there are some risks in the business, knowing that it is regulated can be a relief for many.

You can also start trading with overseas organizations, it is completely legal in Malaysia, but it can be seen as foreign investment, so keep that in mind before making a decision. So, trading in the country is very much legal, all you need to do is to follow some regulations and guidelines and you will be good to go!

malaysia regulated forex brokerRegulations

Regulations are very important in fields where funds of people are involved. When it comes to your funds, you need to be sure that they can be safe, especially in the field of Forex.

For this, authorizations are given to specific brokers by governing bodies, which can be a sign that the broker is the one to trust. Malaysia’s regulated Forex broker represents to be the most popular among the citizens, and not for the wrong reason.

There are many people who say that regulations are important in the world of finance, but Forex is one of those things that can hardly be trusted without regulations. Of course, there are some brokers that are not regulated by the government and it does not mean that they can not be trusted, but there are some things that you should always keep in mind. For example, try to check the Forex broker Malaysia reviews, look for feedback from their clients, and try to understand what they really offer.

Malaysia’s legal Forex broker always tends to stand out from the crowd, there are also many internationally regulated brokers in Malaysia that offer one of the best experiences on the market. But, it is recommended that you find a broker that holds the license from the Securities Commission of Malaysia (SCM) or the Labuan Financial Services Authority (LFSA).

Try your best to avoid the brokers that are not regulated at all, since there might be some risks that you do not want to face. Forex trading already is a risky business, so having additional risks is not what you want to do.

After you have received the information from the broker saying that they are authorized by the government, be sure that check that information with regulatory companies. See where the regulations come from, what are they about, check if the regulation is legitimate by contacting the regulatory body. Do not be afraid to ask questions, the more you know, the safer you can be.

There are many things that can be done to find Malaysia’s trusted Forex brokers, for example, try to look for experienced traders in the country and ask them whatever questions you might have, ask them about the broker you are going to start trading with and use all the information to make the right decision.

If there is not enough information regarding the regulations and authorization of the broker on their website, try to contact their customer support team to get more detailed information. Most of the brokers in Malaysia offer a great customer service support, which can be very helpful in many situations.

If you find out that the broker is not authorized, try to avoid them. But, if you decide to still trade with them be sure that your safety is taken care of. Look for the reviews of the broker online, there are many of them available and you can get a very good amount of information about them. Reviews are always very good to check because it gives you the opportunity to learn more about the broker. Once you have found a Malaysia legal Forex broker, contact authorities and check your information.

Bonus offers by Malaysian brokers

best forex brokers malaysia

There are many brokers in Malaysia that offer one of a kind bonuses and promotions to their users. Promotions are a great thing for both, traders and brokers. For traders, it offers them a chance to get different types of promotions, and for brokers, it helps them to show their clients how much they really care about them.

There are tens of different promotions available Forex broker Malaysia bonus systems that help you out a lot.

When coming up with the ideas of bonuses, companies like to do something different. For example, there are some brokers that offer bonuses every week, some have bonuses for first or second deposits, some give their users awards during the anniversaries, and so on.

Some brokers are coming up with the idea of offering people bonuses according to the amount of money they deposit. Many Malaysian FX trading brokers are offering traders the opportunity to get back parts of their deposits on their accounts.

We believe that it is always a good idea to look for the bonuses that the companies are offering, you can use this before making your final decision. It is a great thing to be able to have some types of benefits while enjoying some of the greatest FX brokers on the market.

There are also many different types of accounts offered by brokers in the country. For example, if you are new to the field, you can take advantage of a great offering, which is demo accounts. This can be a very good thing for those who do not really know a lot about the field of FX, you will have the ability to learn more about trading, come up with different types of tactics, work on your strategies and so on.

One of the greatest platform when it comes to promotions is the XM, which was able to come up with many different ideas for brokers to enjoy. They are working very hard to offer users new types of bonuses every day, we would like to recommend their platform to everyone who is looking to take advantage of great promotions. Check out their offerings by clicking the link below!

Claim $30 trading bonus with XM

forex broker malaysia bonusHow much money is needed to start trading

To start online Forex trading in Malaysia is not really a hard thing. The amount of money you will need to start trading will depend on the broker you choose to trade with.

The minimum amount of money needed for trading varies from broker to broker and it can amount anything from zero dollars to 10,000 dollars, and maybe even more.

Something that we want you to remember however is that when you start trading, the money that you pay is not really a payment at all. It is something that you invest for your own good, every payment that you make while trading is an investment waiting to become revenue.

There are many Malaysia best Forex brokers that will need different amounts of deposits from you to start trading, be sure to carefully check their websites and see what they are offering. Sometimes there is a great deal of information offered on the platforms that people tend to overlook.

Only deposit money to those brokers that you are sure you can trust. Contact the regulators and find out how their history looks like, how much can they be trusted, and ask all of the questions you might have. There is a huge risk that comes with Forex trading, and making it even riskier is not something that you want.

Why should you start trading in Malaysia?

malaysia top forex broker

There are many high-level brokers in Malaysia, most of them are working very hard to offer people something different by providing their own platforms. Some of the brokers in the country are also using well-known platforms like MT4 and MT5.

Finding legit Forex brokers in Malaysia can be very hard, but getting enough information about it will help you a lot. Something that you always need to remember is that Forex is already a very risky business and being safe can be very helpful in this situation.

Since the field is well-regulated by several organizations, the safety of traders is guaranteed in the country. But, there are always some risks, so be sure to check the information provided by the broker with the authorities. Once you have found a legit Forex broker in Malaysia, you can start trading very easily.

Look at this as some kind of an investment because, in reality, it really is. So any time you feel like you are paying your money to someone, think about the fact that you are paying money for the benefits that you can have from the FX trading.