13 Best Forex Brokers in Malaysia for 2025

JustMarkets is an international CFD broker founded in 2012. It provides a wide range of services catering to the needs of all kinds of traders. The broker is authorized in multiple jurisdictions by various regulators – from the top-tier CySEC to the third-tier FSA.

Regional Features:

• Entity for Malaysian traders: Just Global Markets Ltd, regulated by Financial FSA Seychelles
• MYR as base currency: Yes
• Islamic accounts: Yes
• Deposits and withdrawals in MYR: Yes

JustMarkets has three account types affording very tight spreads and commission-free trading. The Raw spreads (starting from 0.0 pips) account is the only one with a fixed round turn commission – 6 units of the base currency per lot, meeting the industry average. I checked the Raw account type and found it suitable for the implementation of high-frequency trading strategies, such as scalping.

All accounts can be opened with MYR as a base currency, making them even more favorable for traders in Malaysia. Additionally, JustMarkets supports the renowned MetaTrader 4&5, which I find sufficient for conducting basic technical analysis. The broker also has its own social trading service and access to deep liquidity.

OCTA was established in 2011. The broker’s service is especially well-fitted to support copy trading. OCTA provides excellent commissions for signal providers, which I consider to be quite attractive for highly successful traders. Accordingly, this also benefits traders wanting to subscribe to the most profitable strategies.

Regional Features:

• Entity for Malaysian traders: Octa Markets Inc., not regulated
• MYR as base currency: No
• Islamic accounts: Yes
• Deposits and withdrawals in MYR: Yes

OCTA offers two retail account types that afford commission-free trading and floating spreads starting from 0.6 pips. I checked and compared the live spread on the EURUSD during the morning and afternoon trading sessions – recorded at 1.0 and 0.8 pips, respectively – and found it to meet the industry average. I found this combination suitable for high-frequency and high-volume trading as it offers competitive pricing that supports the implementation of multiple trading strategies.

Copy trading is available via OCTA’s proprietary copy-trading app, connecting the best signal providers with eager copiers. It allows you to compare the performance of various strategies and check their average returns, maximum drawdown, average losses, and more. I appreciated this level of detail because, in the long run, it is not enough to simply connect to the most profitable strategy. You need also to consider the risks.

Errante was founded in 2019 and is headquartered in Limassol, Cyprus. The broker is licensed and authorized in the two jurisdictions by CySEC and FSA Seychelles. It adheres to most safety requirements, and I found it fairly transparent and trustworthy overall.

Regional Features:

• Entity for Malaysian traders: Errante Securities (Seychelles) Ltd, regulated by FSA Seychelles
• MYR as base currency: No
• Islamic accounts: Yes
• Deposits and withdrawals in MYR: Yes

MetaTrader 4 is a platform preferred by traders worldwide because of its simplistic design and easy order execution. It features over 50 analytical tools, such as technical indicators and drawing tools. These are used to study price action behavior and determine different trading opportunities, like breakouts or breakdowns, range trading, and trending ones.

The platform is also frequently used for algorithmic trading because of its in-built Expert Advisors (EAs) feature, which makes it possible to automate your trading strategy and gain precise entries and exits in and out of the market.

I opened an ECN account with Errante, which features floating spreads from 0.1 pips and a $6 round-turn commission per traded lot. This combination falls just below the industry average. I also appreciated Errante’s low minimum deposit requirement of $200 for the account type.

FBS is a derivatives broker that was founded in 2009. It is beginner-friendly, with the bulk of its services tailored to serve the needs of rookies who are just now taking their first steps into the trading world.

Regional Features:

• Entity for Malaysian traders: FBS Markets Ltd., regulated by IFSC Belize
• MYR as base currency: No
• Islamic accounts: Yes
• Deposits and withdrawals in MYR: Yes

My first strong impression of FBS as a beginner-friendly trader stemmed from its impressive range of 7 account types. You can choose between your typical STP and ECN account types, as well as several Cent and Micro accounts specifically designed for low-volume trading. A specialized Crypto account is also available.

I opened a Cent account with FBS to assess the conditions offered to beginners. With floating spreads from 0.6 pips and zero commissions, I found the offering quite competitive and below the industry average. Novice traders can choose between MetaTrader 4&5. Both platforms, though somewhat rugged and inflexible, have easy learning curves. They also support copy and automated trading.

FBS publishes regular webinars and seminars and has a rich collection of educational videos and guidebooks. This range of materials is quite helpful to beginners wanting to get a balanced and multilayered understanding of trading. I quite appreciated FBS’s attention to detail. Its content covers a wide range of topics, from technical analysis to the intricacies of trading psychology and risk management.

Swissquote was established in 1996 and is headquartered in Zurich, delivering the Swiss quality worthy of its name. In the three decades since its foundation, this broker has established itself as a trustworthy partner listed on the Swiss Stock Exchange. Swissquote delivers industry-leading services geared towards professional traders.

Regional Features:

• Entity for Malaysian traders: Swissquote Asia Limited, regulated by SFC Hong Kong
• MYR as base currency: No
• Islamic accounts: Yes
• Deposits and withdrawals in MYR: Yes

What impressed me most was the lighting-fast average execution speed of around 9 milliseconds. Based on this performance, I determined that Swissquote is ideal for high-frequency trading. Seasoned traders interested in scalping stand to gain the most due to the decreased risk of negative slippage.

I opened a ‘Standard Forex & CFDs’ account with Swissquote, featuring commission-free trading and floating spreads from 1.7 pips. Traders are given access to over 450 lower-risk securities and higher-yield/risk assets, which can be used for balanced trading.

Swissquote’s Advanced Trader platform impressed me with its seamless design and feature-rich environment. It accommodates automated trading via its fast order execution capabilities. Additionally, experienced traders can make use of its professional-grade charting capabilities, which afford the execution of probing technical analysis. The platform’s intuitive and user-friendly design makes it possible to recognize even complex trading opportunities with relative ease.

IronFX is a Cyprus-based forex and CFD broker founded in 2010. It has multiple regulations, including CySEC and FCA, and provides its services to retail and professional traders globally. The broker offers 270+ instruments across most major asset classes at competitive prices.

Regional Features:

• Entity for Malaysian traders: Notesco Limited, not regulated
• MYR as base currency: No
• Islamic accounts: Yes
• Deposits and withdrawals in MYR: Yes

What stood out the most to me is its robust supporting content offering. IronFX provides top-line market analyses and trading ideas from TradingCentral – one of the best and most trusted providers in the trading industry. The broker also offers a comprehensive financial news screener and in-depth technical and fundamental analyses.

IronFX incorporates the renowned MetaTrader 4 platform. It is feature-rich, with more than 60 analytical tools and chart configurations, and supports essential trading tools, such as one-click trading, an alerts-setting option, and more. The platform also affords automated trading with its Expert Advisors (EAs) option.

I tested the competitiveness of IronFX’s trading fees by opening a No Commission trading account. As the name suggests, it features commission-free trading and floating spreads from 0.9 pips. This combination falls marginally below the industry average.

Vantage is a multi-asset derivatives broker from Australia that offers competitive trading fees, diverse account types, and a choice of trading platforms.

Regional Features:

• Entity for Malaysian traders: Vantage Global Limited, regulated by CIMA
• MYR as base currency: No
• Islamic accounts: Yes
• Deposits and withdrawals in MYR: Yes

Vantage has developed an excellent proprietary trading app that has a light and intuitive design, so even newbie traders can quickly learn its features. The Vantage app features 50+ analytical tools, chart types, timeframes, and other tools. It also offers market orders, limit orders, and stop orders.

The broker offers competitive trading fees and diverse account types. Its Raw Spread account features a minimum deposit of only $50, spreads from 0.0 pips, and a $6 round-turn commission per traded lot. I discovered that Vantage’s spreads on currency pairs, share CFDs, indices, and cryptocurrencies beat the industry average.

Vantage gives access to the standard suites of MetaTrader 4 and 5, along with the proprietary ProTrader platform. The platforms are feature-rich and suitable for basic technical analysis. High-volume traders can enhance their performance by implementing Vantage’s VPS hosting for low-latency trading. The feature is available to funded accounts with at least $1000 that achieve a minimum traded volume per month of $0.5 million.

FxPro is a renowned forex and CFD broker licensed and regulated in multiple jurisdictions. It offers more than 2000 instruments across different asset classes and a wide range of platforms and tools. FxPro stands out for its ultra-fast execution speed of under 12 milliseconds. I consider the broker one of the best options for precision trading, automated trading, and scalping.

Regional Features:

• Entity for Malaysian traders: FxPro Global Markets Limited, regulated by SCB Bahamas
• MYR as base currency: No
• Islamic accounts: Yes
• Deposits and withdrawals in MYR: Yes

I carried out my tests on a Standard trading account with FxPro, which features commission-free trading and floating spreads starting at 1.0 pips. Broadly, I assessed that the broker’s spreads are average to high compared to the industry average. More competitive trading conditions are available with FxPro’s Raw and Elite accounts.

Traders can choose from an extensive range of platforms and tools. The broker has invested heavily in the development of its excellent proprietary FxPro Trading platform, which features more than 90 technical indicators, drawing tools, and other chart configurations. The broker also incorporates the renowned MetaTrader 4, MetaTrader 5, and cTrader.

FxPro’s ultra-fast execution speeds give high-frequency and highly speculative traders the competitive edge they are looking for. The broker’s access to deep market liquidity usually means a decreased risk of negative slippage. Furthermore, FxPro has a best execution policy, which is a legal mandate for brokers to provide their clients with the best possible price feeds under the prevailing market conditions.

Tickmill is a broker with global exposure, which is especially suitable for traders in Malaysia thanks to its licensing by the national regulator – the LFSA. With its offices in Labuan, Tickmill can offer its trading services to local traders directly.

Regional Features:

• Entity for Malaysian traders: Tickmill Asia Ltd, regulated by FSA Malaysia
• MYR as base currency: Yes
• Islamic accounts: Yes
• Deposits and withdrawals in MYR: No

Clients of Tickmill can choose between MetaTrader 4&5. The newer addition to the popular franchise consists of a vast array of technical indicators, drawing tools, and trading order types. Most impressively, it offers 21 different timeframes affording traders a truly deep and penetrating insight into price action behavior.

I opened a Classic account, which offers commission-free trading and floating spreads starting from 1.6 pips. After checking Tickmill’s overall costs, I assessed that they meet the industry average.

The Raw account has raw spreads starting from 0.0 pips and a $4 round turn commission, which is way below the industry average. I found the Raw account type, in particular, to be suitable for high-frequency trading and scalping. On balance, Tickmill’s diverse account types offer truly competitive conditions to all kinds of traders.