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

The best Malaysia online trading platforms
Top Malaysia Online Trading Platforms 2021

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

This guide contains the most recent information about finding the best broker in Malaysia.

If you're a new entrant into the realm of trading and broker, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient skills at all of the concepts of brokerage as you keep trading. For starters, you need to select the perfect agent in Malaysia who'll be clear 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 16 Brokers from our research that we believe are the Best Brokers in Malaysia

Who’s The Best Malaysia Brokers?

This review has been provided to help you find a reputable Malaysia broker. When looking for a good, professional broker in Malaysia it can be a little confusing.  Below we detail what your trading platform are in Malaysia and what Malaysia brokers can do for you.

We currently have 16 Brokers that we think are the Reputable Trading Patforms in Malaysia

Burrell StockbrokingNutmegAfluenta Peru SacEvolution BrokersVTB 24 BankVanguard InvestmentsAmscot StockbrokingCircle MarketsBaker Young StockbrokersAlpha Capital MarketsDIF BrokerCoinbaseTrading212FinproCharter PrimeSpreadex
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Rating4/54/54/54/54/54/54/54/54/54/54/54/52/54/54/54/5
Minimum Deposit$100$0$0$300$100$0$500$100$200$0$500$100$1$0$200$1
Year Founded1968200820132008200820081853200720171999199619892006200820121999
HeadquartersAustraliaUSAPeruBelizeRussiaUnited StatesAustrailiaNew ZealandAustraliaUKPortugalUnited StatesUKGRENADINESAustraliaUK
Regulated ByMalta Financial Services Authority (MFSA)UnregulatedFinancial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)UnregulatedOffice of the Comptroller of the CurrencyMinistry of Economic Affairs and Communications (Estonia)Financial Industry Regulatory Authority (FINRA)UnregulatedUnregulatedFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)UnregulatedFinancial Conduct Authority (FCA)Financial Conduct Authority (FCA)
Clients10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+14,000,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskCFDs 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 riskLosses can exceed deposits
Withdrawal Fees$15variablevariable1$variablevariablevariablevariablevariablevariablevariablevariableNovariable$30No
Inactivity FeesNoNo
Deposit Fees1000030010005001002000500100102001
CFD FeesNoNo
Accepts Credit CardsYesYes
Accepts PayPalYesNo
Accepts SkrillYesYes
Accepts PayoneerNoYes
Accepts NetellerNoNo

Online Stock Trading In Malaysia

Trading investments in Malaysia is highly controlled and considered quite safe. But, as always, that any investment can go down as well as up, which means that your capital is at risk.

If you're just starting out with online trading then it is advised to have a demo account first with a regulated broker so that you are able to find out the systems without the risk of losing money.

Live Forex Trading In Malaysia

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

Forex (short for Foreign Exchange) is a money exchange involving two distinct countries and the following management of the resulting position in which one currency gains and the other loses.

It's simple to do Live Forex Trading in Malaysia with seasoned online trading platforms

Live CFD Trading In Malaysia

CFD trading is the buying and selling of contracts for difference via an online trading partner in Malaysia. When trading CFDs you are entering into an agreement 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 trusted online brokers like XM or Trading212. It is a simple bet as to whether the price will go up or down.  Normally, the Malaysia online trading platforms will display 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 XTM or 101Investing so that you can practice with virtual currency before risking your own capital.

Trading Forex in Malaysia

Internationally, Malaysia is considered safe to do online trading and has access to other global financial centers. In Malaysia, online trading platforms are highly regulated, professional and supportive. 

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

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

The online platforms used by brokers in Malaysia are extensively tested and highly rated.

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

  • Easy to use platform
  • Availability of a risk management tool
  • Good or fast execution speed
  • High quality charts
  • Capable of doing social trading
  • Timely online help or support

Challenges Of Using Online Trading Platforms in Malaysia

The US Dollar is considered the base currency globally so even a tiny change in the US financial markets could affect the financial markets in Malaysia. The EU is also a large economy and changes there could affect the economic markets in Malaysia.

Like many countries there are challenges in Malaysia economic markets but overall the prospects are great. 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 homework first before risking any real money. We have collated 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 reputable 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 situation, Forex Currency trading in Malaysia is very active, regulated and safe.

Trading in Forex is permitted in Malaysia as for any company to trade internationally, foreign currency must be exchanged. Whenever you buy something and it's sent from abroad, there will be multiple currency exchanges by multiple businesses to get that item to you.

The main 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 trader is successful and their gains achieve a particular level then they can be taxed in Malaysia as per the typical tax rules.

Tax returns should always be registered even if there is a reduction. You should seek out advice with a registered accountant in Malaysia to ensure you're abiding by all current regional laws since it is extremely determined by your personal conditions.

Can You Trade Cryptocurrencies In Malaysia?

Cryptocurrency markets in Malaysia are quite new. As Cryptocurrencies operate on decentralised assets in Malaysia things like interest rate fluctuations and political instability don't affect them as far as the money markets.

Cryptocurrencies are more popular with the centuries and with increasing income levels and technologies adoption, trading cryptocurrency in Malaysia is increasing day by day. It is still small in comparison to the Forex markets but about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Malaysia?

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

Some products such as agricultural are seeing exponential growth inMalaysia.

Fast growing economies like India have a significant demand for many basic raw materials because of their population. It follows that countries like Malaysia can benefit from the situation.