10 Best Forex Brokers in Malaysia (Top List 2025)

Our team at WR Trading has identified several brokers in Malaysia that stand out for their reliability, features, and regulatory compliance. This article explores the top 10 forex brokers available to Malaysian traders, providing a clear comparison of their key offerings, strengths, and what makes them suitable for your trading goals. By the end, you’ll have a clear understanding of which forex broker in Malaysia is the best fit for your trading journey.

These are the Top 10 Forex Brokers for traders in Malaysia in 2025:

What Are The 10 Best Forex Brokers in Malaysia?

In this section, we’ll provide a short review of each of the top 10 forex brokers in Malaysia. All our reviews at WR Trading will highlight key facts and features that make them stand out and worth using for Malaysian traders.

1. BlackBull Markets

BlackBull Markets is the top broker when it comes to the sheer variety of tradable assets, offering over 26,000 assets, which is almost unheard of in the forex trading world. If you’re a trader who likes to keep your options open, or you enjoy experimenting with different markets, BlackBull Markets is the broker for you. The broker supports a range of trading platforms for executing trades or analytics, including MetaTrader 4, MetaTrader 5, MetaTrader Web Trader, cTrader, TradingView, and BlackBull Trade. 

The 500:1 leverage provides plenty of flexibility depending on your risk appetite, while the spreads from 0.0 pips keep your trading costs down. BlackBull Markets is also well-regulated by the Financial Services Authority in Seychelles, which is crucial for maintaining traders’ trust. The broker’s extensive educational hub, featuring webinars and tutorials, is a great resource if you’re looking to improve your trading skills. 

Feature	BlackBull Markets
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – From no commission to $6 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, MetaTrader Web Trader, cTrader, TradingView, and BlackBull Trade.
Asset Types	Forex, commodities, indices, cryptocurrencies, futures, and stock.
Tradable Assets	Over 26,000
Currency Pairs	Over 70
Leverage	500:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Webinars, tutorials, education hub
Regulation	Financial Services Authority in Seychelles

2. FP Markets

FP Markets is one of our best options at WR Trading due to the overall trading features and services offered to Malaysian traders. If you’re a trader who prioritizes cost efficiency, FP Markets has ultra-tight spreads starting from 0.0 pips. The variety of platforms available, like MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS, and WebTrader, suit traders of all skill levels, from the highly technical to those who appreciate a more straightforward approach.

For Malaysian traders, FP Markets’ strong regulatory framework is reassuring. Being regulated by ASIC and CySEC, among others, adds an extra layer of security, which is important in today’s trading environment. The leverage up to 500:1 offers flexibility, and there are over 60 forex pairs to trade. FP Markets is not just another broker; it’s a well-rounded platform that’s appealing to traders who value low costs and a broad range of assets.

Feature	FP Markets
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – From no commission to $3 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS, and WebTrader.
Asset Types	Forex, stocks, indices, commodities, cryptocurrency, and ETFs.
Currency Pairs	Over 60
Tradable Assets	Over 10,000
Leverage	500:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Video tutorials and trading glossary.
Regulation	ASIC, FSCA, FSA, FSC, and CySEC.

3. Vantage Markets

Vantage Markets is our third-best option if you’re looking to tap into copy trading. Copy trading allows you to mirror the trades of successful traders, making it an attractive option for those who are still learning or prefer a hands-off approach. Vantage Markets also doesn’t disappoint when it comes to a great trading experience with leverage up to 500:1, spreads from 0.0 pips, and over 40 forex pairs to trade. The platform’s support for Vantage App, MetaTrader 4, MetaTrader 5, and ProTrader ensures you have all the tools you need to execute your strategies.

Moreover, with regulations from ASIC and CIMA, you can trade confidently, knowing your investments are protected by reputable oversight. Plus, the educational resources are great – think courses, webinars, and ebooks perfect for deepening your trading knowledge. Vantage Markets is more than just a trading platform for us at WR Trading; it’s a comprehensive trading ecosystem that supports you every step of the way.

Feature	Vantage Markets
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – From $3 per lot
Trading Platforms	Vantage App, MetaTrader 4, MetaTrader 5, TradingView, and ProTrader.
Asset Types	Forex, stocks, indices, commodities, bonds, and ETFs.
Tradable Assets	Over 1,000
Currency Pairs	Over 40
Leverage	500:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Courses, webinars, and ebooks.
Regulation	ASIC and CIMA

4. RoboForex

RoboForex takes fourth place on this list for its flexibility, especially in terms of account types and leverage options, making it an appealing choice for traders who want more control over their trading conditions. With leverage reaching up to 2000:1, RoboForex offers some of the highest leverage in the industry, which can be a game-changer if you’re looking to amplify your trading positions. The platform supports multiple trading styles with a variety of account types – Prime, ECN, R StcoksTrader, ProCent, and Pro.

RoboForex’s extensive range of over 12,000 tradable assets, including forex, stocks, indices, commodities, futures, and ETFs, is appealing. It’s a platform where you can truly diversify and experiment with different markets alongside forex. While the lack of educational content might be a drawback for some, the focus on providing a powerful trading environment more than makes up for it. 

Feature	RoboForex
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – from 10/ mio
Trading Platforms	MetaTrader 4, MetaTrader 5, and R Stocks Trader.
Asset Types	Stocks, indices, futures, ETFs, commodities, and forex.
Tradable Assets	Over 12,000
Currency Pairs	Over 40
Leverage	2000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	None
Regulation	Financial Services Commission (FSC) of Belize

5. Moneta Markets

Moneta Markets is a broker that deserves attention, especially if you use the MetaTrader platforms. It’s optimized for users who value a seamless trading experience, offering MetaTrader 4, MetaTrader 5, Pro Trader, and MT4 WebTrader. All these platforms are optimized to provide a comprehensive trading experience with analytical tools, multiple order types, and charts. The broker offers competitive spreads starting from 0.0 pips, which is great if you’re looking to keep your trading costs low.

Furthermore, with leverage up to 1000:1, Moneta Markets suits conservative traders and those who like to push the boundaries. The asset variety is great, offering 45 currency pairs and over 1,000 tradable assets, allowing you to explore other markets. Also, there is a demo account available so you can test the forex broker before committing funds.

Feature	Moneta Markets
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – from no commission to $3 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, Pro Trader, and MT4 WebTrader.
Asset Types	Forex, commodities, indices, ETFs, bonds, and stocks.
Tradable Assets	Over 1,000
Currency Pairs	Over 45
Leverage	1000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Blogs and guides.
Regulation	Cayman Islands Monetary Authority and Financial Sector Conduct Authority.

6. Pepperstone

Pepperstone has earned a reputation for offering some of the lowest spreads in the industry, starting from 0.0 pips, which is a major selling point for traders who are conscious of their trading costs. The broker’s support for multiple trading platforms, including MetaTrader 4, MetaTrader 5, TradingView, and cTrader, ensures you have all the tools you need for forex trading. The broker has one of the largest ranges of forex assets, offering over 90 currency pairs to trade.

The broker offers leverage up to 500:1, which is great for increasing profits. However, beginners may find leverage too risky with their minimal knowledge. Therefore, the broker also offers a variety of educational resources, making it suitable for traders who want to continue learning and improving. Pepperstone isn’t just about low costs; it’s about providing a top-tier trading experience with in-depth education.

Feature	Pepperstone
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – From no commission to $3 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader, and TradingView
Asset Types	Forex, commodities, indices, cryptocurrency, stocks, and ETFs.
Tradable Assets	Over 1,200
Currency Pairs	Over 90
Leverage	500:1
Customer Support	Email and phone support.
Demo Account	Yes
Educational Content	Webinars, educational videos, and trading guides.
Regulation	FCA, CySEC, ASIC, BaFin, CMA, and DFSA.

7. IC Trading

IC Trading knows that when it comes to forex trading, every pip counts, especially for traders who want their costs low. This broker is all about providing competitive pricing, with spreads starting from 0.0 pips, which is a big draw for those who like to trade frequently. The broker provides 2 main account types that offer different fee structures and trading conditions. Currently, Raw Spread and Standard accounts are available.

IC Trading offers a huge selection of over 2,250 tradable assets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies. This gives you the flexibility to explore different markets and diversify your portfolio while trading forex, all from a single platform. Supported by the industry’s leading trading software like MetaTrader 4, MetaTrader 5, and cTrader, IC Trading ensures that you have all the tools you need for successful trading. 

Feature	IC Trading
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – From no commission to $3.50 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, and cTrader.
Asset Types	Forex, commodities, indices, stocks, bonds, and cryptocurrency.
Tradable Assets	Over 2,250
Currency Pairs	Over 60
Leverage	500:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Tutorials and blogs
Regulation	Financial Services Commission of Mauritius

8. XM

When it comes to trading, XM doesn’t cut corners. With leverage up to 1000:1 and spreads starting from 0.0 pips, it offers a competitive trading environment. The platform is supported by MetaTrader 4, MetaTrader 5, and MetaTrader Web Trader, ensuring you have all the technical tools necessary for a seamless trading experience. Also, the broker’s solid regulatory framework, including oversight from ASIC, CySEC, DFSA, FCA, FSCA, and FSC, gives you peace of mind that you’re trading in a secure environment.

Feature	XM
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – From no commission to $3.50 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, and MetaTrader Web Trader.
Asset Types	Forex, stocks, indices, and commodities.
Tradable Assets	Over 1,000
Currency Pairs	Over 55
Leverage	1000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	Educational videos, webinars, platform tutorials, and XM Live.
Regulation	ASIC, CySEC, DFSA, FCA, FSCA, and FSC.

9. FBS

FBS is a broker that understands the need for high leverage and how it can amplify your trading potential. Offering up to 3000:1 leverage, FBS provides one of the highest leverage ratios in the industry. Malaysian traders who are looking to maximize their positions can utilize the following platforms: the FBS app, MetaTrader 4, and MetaTrader 5. The trading environment is straightforward, with over 40 forex pairs and regulation by CySEC.

Beyond its high leverage, FBS also invests in its traders’ education through the FBS Academy. This resource is valuable for those still starting their forex trading journey. The academy offers a range of materials, like webinars, tutorials, and blogs, designed to help you understand the market better and refine your strategies.

Feature	FBS
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.7 pips Commission – From no commission to $3.50 per lot
Trading Platforms	FBS app, MetaTrader 4, and MetaTrader 5.
Asset Types	Forex, stocks, indices, and commodities.
Tradable Assets	Over 50
Currency Pairs	Over 40
Leverage	3000:1
Customer Support	Email, live chat, and phone support.
Demo Account	Yes
Educational Content	FBS Academy
Regulation	CySEC

10. VT Markets

VT Markets stands out with its cutting-edge analytical tools, making it an excellent choice for traders who like digging deep into market data before trading. These tools are designed to give you a detailed insight into market trends, making it easier to predict future price movements. Some of the tools currently available are technical indicators, daily market updates, an economic calculator, and a blog.

In addition to its strong analytical focus, VT Markets offers competitive trading conditions, including spreads from 0.0 pips and leverage up to 500:1. There are over 40 forex pairs to trade, and you can test out the platform using their demo account. Also, the broker’s regulation by ASIC, FSCA, and Mauritius FSC further adds to its credibility as a top-tier forex trading broker.

Feature	VT Markets
Eligible for Malaysian Traders?	Yes
Spreads and Commission	Varies based on account: Spread – from 0.0 pips Commission – From no commission to $6 per lot
Trading Platforms	MetaTrader 4, MetaTrader 5, Webtrader, and VT Markets app.
Asset Types	Forex, stocks, indices, ETFs, bonds, and commodities.
Tradable Assets	Over CFDs 1,000
Currency Pairs	Over 40
Leverage	500:1
Customer Support	Email, help center, and live chat.
Demo Account	Yes
Educational Content	VT Markets Academy
Regulation	ASIC, FSCA, and Mauritius FSC

Is Forex Trading Legal in Malaysia?

Yes, forex trading is legal in Malaysia, but it comes with specific rules and regulations that traders must follow. The Bank Negara Malaysia (BNM), the country’s central bank, oversees financial activities, including forex trading, to ensure that all transactions are conducted within a secure and legal framework. Malaysian traders are allowed to trade forex through regulated brokers that comply with the standards set by BNM and other relevant financial authorities.

How Are Forex Brokers Regulated in Malaysia?

Forex brokers operating in Malaysia are regulated primarily by the Securities Commission Malaysia (SC) and the Bank Negara Malaysia (BNM). The SC plays a pivotal role in overseeing the capital markets, which include forex trading. Brokers that wish to operate legally in Malaysia must adhere to the strict guidelines set forth by these regulatory bodies, ensuring that they operate transparently, securely, and in the best interests of traders.

Security of the Regulation

The regulation of forex brokers in Malaysia is designed to offer maximum security to traders. The following key points highlight how these regulations protect traders:

• Segregation of Client Funds: Regulated brokers are required to keep client funds in separate accounts from their operational funds. This ensures that your money is protected even if the broker encounters financial difficulties.
• Regular Audits and Financial Reporting: Brokers must undergo regular audits and submit financial statements to regulatory authorities. This ensures transparency and compliance with legal standards.
• Strict Adherence to AML Laws: Brokers must comply with anti-money laundering (AML) regulations, which help prevent financial crimes and protect traders from fraudulent activities.
• Capital Adequacy Requirements: Regulated brokers must maintain a certain level of capital to ensure they can meet their financial obligations to clients, adding an extra layer of security.

How to Find Out if Your Forex Broker Is Regulated by a Malaysia Regulator

To ensure that your forex broker is regulated by a Malaysian authority, follow these steps:

Verify the Broker’s License

After choosing a trading broker, the next step is to verify that they are licensed to operate in Malaysia. Visit the broker’s website and look for their regulatory information, usually found in the footer section. This should include their license number and the name of the regulatory body. Ensure that the broker claims to be regulated by the Securities Commission Malaysia (SC) or another recognized authority.

Cross-Check with Regulatory Bodies

With the broker’s license number in hand, head to the Securities Commission Malaysia (SC) website to confirm that the license is valid and current. The SC’s site lists all brokers authorized to operate in Malaysia. If your broker is regulated by another authority, such as Bank Negara Malaysia (BNM), check their official website as well.

How WR Trading Tested the Best Forex Brokers in Malaysia

At WR Trading, we tested and reviewed the top forex brokers available in Malaysia to help traders pick the best option for themselves. Our evaluation was based on multiple key aspects that leads to a superior trading experience.

Trading Platforms

We thoroughly tested the trading platforms provided by each broker, focusing on both desktop and mobile versions. We assessed user-friendliness, reliability, and the availability of essential tools for market analysis and trade execution. Stability during high trading volumes was also a critical factor.

Order Execution

The speed and accuracy of order execution were important metrics in our evaluation. We executed various types of orders across different platforms to determine how quickly and precisely trades were processed, particularly during volatile market conditions.

Additional Tools and Features

We looked at the additional tools and features offered by each broker, such as advanced charting tools, economic calendars, and market analysis reports. These extras can significantly enhance the trading experience, providing traders with the information they need to make informed decisions.

Spreads and Commissions

To ensure that traders get the best value, we analyzed the spreads and commissions charged by each broker. We opened live accounts to monitor real-time spreads and evaluated how commissions impacted overall trading costs.

Leverage Options

We reviewed the leverage options available to traders, considering how these options can influence trading strategies and risk management. Our focus was on ensuring that the leverage offered was flexible enough to accommodate both conservative and aggressive trading styles.

Account Types and Minimum Deposit

We explored the variety of account types each broker offered, assessing the minimum deposit requirements and the features associated with each account. We aimed to identify brokers that offer flexible and accessible account options to suit different trader profiles.

Regulatory Compliance

Regulatory compliance was a non-negotiable aspect of our evaluation. We verified each broker’s licenses with the Securities Commission Malaysia (SC) and other international regulatory bodies to ensure they operate within legal frameworks that protect traders’ interests.

What Are Supported Payment Methods for Malaysia Traders?

Top forex brokers in Malaysia offer various payment methods specifically for the needs of local traders. Here’s a look at the most commonly supported options:

Bank Transfers

Bank transfers are a common and secure method favored by Malaysian traders. Brokers like FP Markets and Pepperstone allow for transactions through local banks, such as Maybank and CIMB, ensuring that traders can easily deposit and withdraw funds directly from their Malaysian bank accounts. 

Credit and Debit Cards

Credit and debit cards, including Visa and MasterCard, are popular for their speed and convenience. Brokers’ support for these cards enables fast deposits that are usually processed within minutes, allowing traders to start trading almost immediately after making a deposit.

E-Wallets

E-wallets like Skrill and Neteller are widely supported by brokers in Malaysia. These digital wallets offer fast processing times and are particularly convenient for traders who prefer managing their funds online. In addition to international e-wallets, some brokers also support local e-wallets such as Touch ‘n Go and Boost, which are commonly used in Malaysia.

Cryptocurrencies

Some brokers have embraced cryptocurrencies, accepting Bitcoin, Ethereum, and other digital currencies. This payment method is known for its speed and low fees, providing a modern and secure option for traders who are familiar with digital assets.

See here the best Forex Brokers where you can deposit with crypto.

Conclusion

Our expert team at WR Trading has carefully evaluated the top forex brokers for Malaysian traders, identifying platforms that offer the best combination of features, reliability, and support. Brokers like FP Markets, Vantage Markets, and BlackBull Markets are excellent options for Malaysians, each excelling in different areas such as asset variety, educational resources, and competitive pricing.

By choosing from these top brokers, you guarantee a smooth trading experience. With the insights provided in this review, you’re now better equipped to pick a forex broker that aligns with your trading goals. 

Frequently Asked Questions on Forex Brokers in Malaysia