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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Malaysia

Best Malaysia brokers
The Best Malaysia Brokers 2021

This guide to the top brokers in Malaysia has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the latest information about finding the most professional online broker in Malaysia.

If you are a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You will acquire adept skills at all the concepts of brokerage since you keep trading. For starters, you have to select the top agent in Malaysia who will be transparent with you always.

In this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan is key to your success.

We currently have 21 Trading Patforms from our research that we think are the Best Trading Patforms in Malaysia

Who’s The Professional Malaysia Online Brokers?

This guide has been written to help you find a reputable Malaysia broker. When looking for a great, professional broker in Malaysia it can be quite confusing.  Below we show what your trading options are in Malaysia and what Malaysia online trading platforms can offer you.

A free trial for a minimum of three days is a good way to evaluate the quality and reliability of any Malaysia online trading platform. Before making any ultimate decisions, you want to be able test the broker's platform and software in real-time but with little risk. A demo account allows you to test the software and see how easy it is. A top broker in Malaysia should make it as easy as possible for you. They shouldn't have to do a lot research nor set up multiple accounts before they let you start trialling their tools.

We currently have 21 Online Brokers in our database that we believe are the Top Online Brokers in Malaysia

Direct FXlite forex investmentseasyMarketsForexMartfreetradeCIM BanqueEvolution Brokerspatersons securities limitedifc marketsWIT Investstock.comactivtradesSkillingTrading212m1 financemorrison securities pty limitedEzinvestTopForexzulutrademorgans financial limitedForex.com
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Rating2.63/54.90/58.98/56.86/59.30/55.98/55.71/57.00/54.50/52.91/56.05/56.80/54.58/55.81/54.25/53.20/56.08/56.16/56.25/55.00/55.46/5
Minimum Deposit$1$250$100$1$0$100$300$250$250$100$250$250$100$1$250$250$500$100$250$250$Typical
Year Founded200620152003201520161995200820152016200820202011201620062018201420082009201920132001
HeadquartersNew ZealandNetherlandsCyprus, AustraliaCyprusUnited KingdomGenevaBelizeUnited StatesCyprusSaint Vincent and the GrenadinesAustraliaUnited StatesCyprusUKAustraliaMaltaCyprusCyprusGenevaCyprusUnited States
Regulated ByUnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F270Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority. Registered in England and Wales (no. 09797821)Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC)Cyprus Securities and Exchange Commission (CySEC)AFS Licence 234666Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F259UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F311Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F218Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F273Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F281Cyprus Securities and Exchange Commission (CySEC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F334Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F280Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
Clients10,000+10,000+142,500+10,000+890,000+10,000+10,000+10,000+60,000+10,000+142,500+12,000,000+5,000+14,000,000+10,000+12,000,000+10,000+10,000+10,000+60,000+150,000+
Risk WarningLosses can exceed depositsYour capital is at risk73% of retail CFD accounts lose money with this provider.CFDs may not be appropriate for all individuals. You should not risk more than you are prepared to loseThe value of investments can go up as well as down and you may receive back less than your original investment.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at risk77% of retail investor accounts lose money when trading CFDs with this providerCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investorCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Your capital is at riskYour capital is at riskCFDs are complex instruments and come with a high risk of losing money due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider.Losses can exceed depositsYour capital is at riskYour capital is at risk73% of retail investor accounts lose money when trading CFDs with this provider
Withdrawal FeesNoYesNoYesNoNoYesNoNoNoNoYesNoNoNoYesNoYesNoNoYes
Inactivity FeesNoYesNoNoNoYesYesNoYesNoYesYesNoNoNoYesYesNoNoNoYes
Deposit Fees1250100101003002502501002502501001250250500100250250Typical
CFD FeesYesYesNoYesNoNoNoNoYesYesYesYesNoNoYesNoNoYesYesYesYes
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalNoYesNoNoYesNoNoYesYesNoYesYesNoYesYesYesNoNoYesYesYes
Accepts SkrillNoYesYesYesYesNoNoYesYesNoYesYesNoYesYesYesYesNoYesYesNo
Accepts PayoneerYesYesNoNoYesYesYesYesYesYesYesYesYesNoYesYesNoYesYesYesNo
Accepts NetellerNoYesYesYesYesNoNoYesYesNoYesYesNoNoYesYesYesNoYesYesNo

Online Share Trading In Malaysia

Trading Assets in Malaysia is highly regulated and considered very safe. However, be aware that any investment can go down as well as up, so your capital is in danger.

If you're just starting out with online trading then it's suggested to get a demo account first with a controlled agent so you can find out the strategies without the risk of losing money.

Live Forex Trading In Malaysia

Forex is the biggest liquid financial market in the world with a daily monetary exchange turnover of over $5 trillion (BIS data April 2016).

Forex (short for Foreign Exchange) is a money exchange between two different nations and the next management of the resulting position in which one currency gains and the other loses.

It is easy to do Live Forex Trading in Malaysia using seasoned online agents

Live CFD Trading In Malaysia

CFD trading is the selling and buying of contracts for difference via an online provider in Malaysia. When trading CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Malaysia

Spread Betting in Malaysia is possible using experienced online trading platforms like eToro or 101Investing. It is a simple bet as to whether the price will go up or down.  Usually, the Malaysia online trading platforms will show the prices you have.

If you are looking at how to do spread betting in Malaysia then it is an idea to start with a demo account with either XM or IC Markets so that you can practice with virtual currency before risking your own capital.

Trading Shares in Malaysia

Globally, Malaysia is considered safe to do online trading and has access to other global financial centers. In Malaysia, online trading platforms are highly regulated, experienced and customer centric. 

However, it is always important to be as informed as possible so below are some of the important things any trader should know:

The financial markets in Malaysia are mature and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Malaysia.

The online trading solutions used by brokers in Malaysia are extensively tested and highly rated & secure.

Whichever Online Trading Brokers in Malaysia you decide to use, ensure they have all of the below:

  • Easy to use platform
  • Availability of a risk management tool
  • Good or fast execution speed
  • Better quality charts
  • Able to perform social trading
  • Quick online help or support

Challenges Of Trading Online in Malaysia

The US Dollar is considered the base currency around the world so even a slight change in the US economic markets may affect the economic markets in Malaysia. The EU is also a large economy and changes there can affect the financial markets in Malaysia.

Like every country there are challenges in Malaysia economic markets and overall the outlook is positive. However, like in all global financial markets we recommend that any Online Trading Solutions in Malaysia you decide to use, make sure you do your due diligence first before risking any real money. We have collected thousands of datapoints and written this guide to help you find the Best Trading Platforms in Malaysia.  We hope that by reading this guide you will find a experienced broker that matches your needs.

Frequently Asked Questions About Trading Forex In Malaysia

Is Forex Trading Legal In Malaysia?

There is a growing misconception that trading Forex in Malaysia is deemed unsafe. This is not the case, Forex trading in Malaysia is very active, regulated and safe.

Trading in Forex is permitted in Malaysia as for any business to trade internationally, foreign currency must be exchanged. Whenever you purchase something and it is sent from overseas, there will be numerous money exchanges by multiple companies to receive that item to you.

The important thing is that when trading Forex in Malaysia you pick one of the top online agents.

Do Forex Traders Pay Tax In Malaysia?

Once a dealer is successful and their gains reach a particular level then they may be taxed in Malaysia as per the standard tax rules.

Tax returns should always be filed even if there's a loss. You should seek advice with a documented accountant in Malaysia to make certain you're abiding with current regional laws since it is extremely determined by your personal circumstances.

Can You Trade Cryptocurrencies In Malaysia?

Cryptocurrency markets in Malaysia are quite new. As Cryptocurrencies work on decentralised assets in Malaysia matters like interest rate changes and political instability do not impact them as much as the currency markets.

Cryptocurrencies are more popular with the centuries as well as growing income amounts and technology adoption, trading cryptocurrency in Malaysia is rising day by day. It is still modest compared to the Forex markets but around $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Malaysia?

Commodities trading in Malaysia includes trading in matters like precious metals, energies and agricultural commodities.

Some products such as agricultural are seeing exponential growth inMalaysia.

Fast growing markets like India have a big demand for many fundamental raw materials because of their inhabitants. This means that countries like Malaysia can take advantage of the situation.