Forex Brokers Accepting Malaysian Clients

Your forex broker is going to provide you with a platform from which you can buy and sell the currency pairs. The forex broker simply offers you a platform in which you are able to see the movements of the forex market and where you can also place your buy orders and sell orders.

Since you will be trading using the platform provided by your forex broker, it is always important to choose your forex broker wisely.  Here are our most favorite of our brokers, and we have ensured that each of them is licensed according to the Money Changing Act of 1998.

AvaTrade Features Bonus Platforms Next Step
  • Regulated in Malaysia
  • 400:1 Leverage
  • Lots of educational resources
  • Voted best broker of 2015
Deposits of over $3000 get a free mobile phone 
  • MT4
  • AvaTrader
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My Experience with AvaTrade Avatrade is a cornerstone in the trading community and is a stable and secure broker with good leverage to enable your trades.  All basic elements you would want from a broker are covered by Avatrade, and if you are looking for an entry-level broker which is going to treat you well and get your on your way to successful trading, then Avatrade is a highly-recommended option for you.  They are fully regulated in Malaysia, have good education resources and support MT4.

 


Easy Markets Features Bonus Platforms Next Step
  • Free Signals for Forex Malaysia signups!
  • Works with MetaTrader platform
  • Offers a mobile version of the platform
  • Leverage of 1:200
  • Available to Malaysians
50% Bonus up to $2000
  • MetaTrader4
  • easyMarkets Webtrader Platform
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My Experience with Easy Forex EasyMarkets if wonderful for the new trader because they really do role out the welcome mat.  They have agreed with us to give our clients trading signals for free, which is a huge help to any trader getting into the game.  They also offer education and set you up with an account manager to make sure you understand the ropes before you start trading for yourself.  The technology is smooth, you can trade on mobile, and their deal cancellation feature has saved me a couple of times.

XM Features Bonus Platforms Next Step
xm-forex-logo-80px
  • Ultra-thin spreads as low as Zero Pips making trading even more profitable
  • No minimum deposit on micro accounts
  • Available to Malaysians
$30 No Deposit Bonus and then 50% up to $500 and 20% up to $5000 of bonus
  • MT4
  • Webtrader
  • Mobile Trader for iPhone
  • Droid Trader for Android
  • Mobile Trader for Windows
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My Experience with XM XM is a fantastic place to trade.  The technology and the analysis tools are all there for you to make the trading day easy and a lot of fun.  The zero account option that we recommend here offers ultra-thin spreads and some even with zero pips which makes the trading even more profitable.  Trade with MT4 on your desktop, with webtrader in your browser, or with apps on your android or IOS mobile phone.

CM Trading Features Bonus Platforms Next Step
  • Regulated in Malaysia
  • 400:1 Leverage
  • Automated trading
  • Multiple bonuses available
  • Good trading signals
Exclusive 20% Bonus on First Deposit for ForexMalaysia Clients!!
  • MT4
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My Experience with CM Trading CM Trading has numerous advantages for us Malaysians, including being flexible, letting you use the trading software that you are used to trading with and also the educational material and assistance to get you going. If you are going to trade larger amounts, or make larger deposits, CM will be able to give you a lot of additional perks.

AvaTrade Features Bonus Platforms Next Step
  • Low first deposit
  • Weekly contests
  • 400:1 leverage
  • Available to Malaysians
Up to 200 of deposits %
  • eToro Mobile Trader
  • etoro Openbook
  • eToro webTrader
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My Experience with Etoro Etoro has social trading as a central component of this platform.  This allows you to find successful traders or those who have your same approach to trading, and you are able to follow and mimic their trades.  Weekly promotions, welcome bonuses, good leverage and quality technical analysis make Etoro a contender for this list of respected brokers.

Choosing a forex broker in Malaysia

The choice of a forex broker is the next step after making a decision to start forex trading.  It is a crucial element and should be done carefully to ensure that you get a forex broker that offers the best services, and is legally registered to allow you to trade.

Here are some common and important questions that you should ask when choosing a forex broker:

  1. Is the forex broker a non-dealing desk or dealing desk broker? A dealing desk forex broker is one who interferes with your orders while on the other hand, the non-dealing desk broker offers you a direct access to the foreign exchange markets.The main difference between the two is that the dealing desk brokers tend to have fixed spreads while non-dealing desk brokers have variable spreads.
  2. What is the maximum leverage that the broker offers? Leverage is an additional amount of money that a broker offers you so that you are able to hold a larger order in the market. It is given in terms of a ratio like 50:1.  It multiplies the amount of money that you are using to trade and thus also magnifies your losses and gains.  It’s advisable that for retail traders with small amounts in their accounts, they should consider brokers with a larger maximum leverage. But if you have a large amount of money in your account, then you may consider a smaller leverage as it will also reduce your losses.
  3. How wide are the spreads? The spread is the difference between the ask price and the bid price. The bid price is the exchange rate at which your buy order will enter the market while the ask price is the exchange rate at which your sell order will enter the market. The size of the spread is critical depending on the method of trading that you want to use.  For instance, large spreads are not good for short term trading like scalping.
  4. What type of accounts does the forex broker offer? The type of account you open determines the lot size. The less the amount of money you want to invest, the less the lot size you should consider using when trading and you should consider an account that offers small lot sizes. In most cases, the account types offered by brokers are micro, mini and standard accounts. The standard account is the ‘largest’ (allows the largest lot sizes).
  5. What is the minimum initial deposit that the broker allows? If you have a small amount money to invest, you may want o consider a broker that allows the lowest minimum initial deposit. However, the amount of initial deposit is in most cases affected by the type of acount that you open.
  6. Does the broker have a demo account? A demo account is very helpful especially for forex beginners as well as for the professionals for testing different trading strategies.  Some demo accounts will be time limited, where after your demo period you will be encouraged to sign up for a funded account.
  7. Does the forex broker offer customer services? It is important that you choose a broker that offers customer service since you will be able to communicate your grievances if any, so that you can get the required help. The most important service to look for are means of communication like chats, messages, emails and calls.  Note that some brokers will have 24 hour service either 5 or 7 days a week.
  8. Does the broker offer bonuses to first timers? A bonus to your initial capital would do a great deal in providing enough cash to trade especially for a beginner.  Do not rely on bonuses however, because they are often come with fine print and are used as a mechanism to drive in new customers.

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