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Best Brokers, Exchanges & Prop Firms in Malaysia (2026)

Fact-checked

Malaysia is one of the most active retail forex markets in Southeast Asia. With no SC license on offer, every broker serving Malaysians is offshore, so licence quality is the critical filter. Local ringgit rails (FPX, DuitNow) clear same-day at most top brokers. Our shortlist focuses on offshore brokers with tier-1 ASIC/FCA group licences, FPX funding, and the Labuan FSA where available.

Regulation in Malaysia

The Securities Commission Malaysia (SC) does not license retail over-the-counter forex or CFD brokers. Bank Negara Malaysia (BNM) restricts ringgit FX dealing to licensed onshore banks. Malaysian traders use offshore-regulated brokers (ASIC, FCA, CySEC, Labuan FSA), operating in a grey zone. The SC and BNM publish a joint Financial Consumer Alert list of unauthorised entities.

Recognised regulators: SC, BNM, Labuan FSA · Currency: MYR

Forex Brokers Serving Malaysia

48 brokers accept Malaysia clients, sorted by overall score.

№1 Editor's pick

Vantage
8.8/10 Tested
  • Best for ASIC regulation
  • Best for Raw ECN spreads
  • Best for Copy trading
  • Best for MT4/MT5
Min deposit
$50
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FCA

№2 Editor's pick

AvaTrade
8.7/10 Tested
  • Best for Copy trading
  • Best for Canada residents
  • Best for Options trading
Min deposit
$100
Spread from
0.9 pips
Max leverage
1:400
Regulation
Central Bank of Ireland · ASIC

№5 Editor's pick

RoboForex
8.0/10 Tested
  • Best for High leverage
  • Best for Cent accounts
  • Best for Stock CFDs
Min deposit
$10
Spread from
0.0 pips
Max leverage
1:2000
Regulation
FSC Belize · TFC member (compensation up to €20,000)

№10 Editor's pick

FxPro
8.7/10 Tested
  • Best for FCA regulation
  • Best for cTrader Raw
  • Best for Multi-platform
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:500
Regulation
FCA · CySEC

№12 Editor's pick

OANDA
8.7/10 Tested
  • Best for US traders
  • Best for TradingView users
  • Best for Long history
Min deposit
$0
Spread from
1.2 pips
Max leverage
1:200
Regulation
NFA · CFTC

№14 Editor's pick

Tickmill
8.6/10 Tested
  • Best for ECN scalpers
  • Best for Cost-aware traders
  • Best for MENA and SEA
  • Best for High leverage
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:1000
Regulation
FCA · CySEC

№19 Editor's pick

FXTM
8.4/10 Tested
  • Best for MENA traders
  • Best for Africa GEO
  • Best for Beginners
  • Best for High leverage
Min deposit
$10
Spread from
0.0 pips
Max leverage
1:2000
Regulation
FCA · CySEC

№20 Editor's pick

HFM
8.4/10 Tested
  • Best for MENA traders
  • Best for Cent account starters
  • Best for Copy trading
  • Best for High leverage
Min deposit
$0
Spread from
0.0 pips
Max leverage
1:2000
Regulation
FCA · CySEC

№23 Editor's pick

TMGM
8.3/10 Tested
  • Best for Share CFD traders
  • Best for IRESS DMA
  • Best for Australian traders
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FMA

№26 Editor's pick

Forex.com
8.2/10 Tested
  • Best for US retail forex
  • Best for UK shares CFDs
  • Best for TradingView routing
  • Best for NASDAQ-listed parent
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:30
Regulation
CFTC · FCA

№29 Editor's pick

Axi
8.1/10 Tested
  • Best for MT4 traders
  • Best for ECN scalping
  • Best for AI trade analytics
Min deposit
$0
Spread from
0.0 pips
Max leverage
1:500
Regulation
ASIC · FCA

№35 Editor's pick

HYCM
7.8/10 Tested
  • Best for FCA + DFSA stack
  • Best for MENA traders
  • Best for Mid-deposit clients
Min deposit
$100
Spread from
0.1 pips
Max leverage
1:500
Regulation
FCA · CySEC

№39 Editor's pick

FBS
7.6/10 Tested
  • Best for Cent account beginners
  • Best for SEA traders
  • Best for High leverage
  • Best for Low deposit
Min deposit
$1
Spread from
0.0 pips
Max leverage
1:3000
Regulation
IFSC Belize · CySEC

№41 Editor's pick

ATFX
7.4/10 Tested
  • Best for MENA traders
  • Best for MT4 trading
  • Best for New traders
Min deposit
$100
Spread from
1.0 pips
Max leverage
1:400
Regulation
FCA · CySEC

№42 Editor's pick

FXCM
7.4/10
  • Best for UK
  • Best for Germany
  • Best for Australia
  • Best for UAE traders
Min deposit
$50
Spread from
0.2 pips
Max leverage
1:400
Regulation
FCA · ASIC

№43 Editor's pick

FXGT
7.4/10 Tested
  • Best for Crypto CFDs
  • Best for Low deposit
  • Best for High leverage
  • Best for MENA traders
Min deposit
$5
Spread from
0.0 pips
Max leverage
1:1000
Regulation
CySEC · FSCA

№44 Editor's pick

NAGA
7.4/10 Tested
  • Best for MENA traders
  • Best for Social copy
  • Best for Multi-asset CFDs
Min deposit
$250
Spread from
0.5 pips
Max leverage
1:1000
Regulation
CySEC · FSA Seychelles

№45 Editor's pick

OctaFX
7.3/10 Tested
  • Best for Low deposit
  • Best for Swap-free MENA
  • Best for Copy trading
Min deposit
$25
Spread from
0.6 pips
Max leverage
1:500
Regulation
CySEC · FSCA

№48 Editor's pick

IronFX
6.4/10 Tested
  • Best for MT4 traders
  • Best for Account variety
  • Best for Emerging markets
Min deposit
$100
Spread from
0.0 pips
Max leverage
1:1000
Regulation
FCA · CySEC

Crypto Exchanges Serving Malaysia

13 exchanges available to Malaysia residents, verified KYC + payment rails.

№2 Editor's pick

Binance
8.6/10 Tested
  • Best for Lowest spreads on majors
  • Best for Deepest liquidity
  • Best for Research depth
  • Best for Education quality
Min deposit
$0
Spread from
0.10%
Max leverage
1:125
Regulation
VARA Dubai · AMF France

№3 Editor's pick

Bybit
9.2/10 Tested
  • Best for Low fees
  • Best for Futures trading
  • Best for Fast withdrawals
  • Best for USDT pairs
Min deposit
$0
Spread from
0.00% / 0.08%
Max leverage
1:100
Regulation
VARA Dubai · CySEC Cyprus

№4 Editor's pick

Bitget
8.9/10 Tested
  • Best for Copy trading
  • Best for Low futures fees
  • Best for USDT pairs
  • Best for Mobile UX
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:125
Regulation
Lithuania VASP · Poland CASP

№6 Editor's pick

Kraken
8.4/10 Tested
  • Best for US-based crypto traders
  • Best for Long-term holding with strong security
  • Best for SWIFT and SEPA fiat withdrawals
  • Best for Proof-of-Reserves transparency
Min deposit
$0
Spread from
0.16% / 0.26%
Max leverage
1:50
Regulation
FinCEN · FCA

№8 Editor's pick

MEXC
7.6/10 Tested
  • Best for Altcoin hunters
  • Best for No-KYC access (under $10K)
  • Best for Small-cap futures
  • Best for Zero maker fees
Min deposit
$0
Spread from
0.00% / 0.05%
Max leverage
1:200
Regulation
AUSTRAC · FIU Estonia (VASP)

№10 Editor's pick

KuCoin
7.4/10 Tested
  • Best for Altcoin breadth
  • Best for Low VIP fees
  • Best for Futures + spot in one
  • Best for Earn / staking
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:100
Regulation
FSA Seychelles (VASP) · AUSTRAC

№12 Editor's pick

Phemex
7.0/10 Tested
  • Best for Perpetual futures
  • Best for Maker rebates
  • Best for No-KYC entry
  • Best for EU and APAC
Min deposit
$0
Spread from
0.10% / 0.10%
Max leverage
1:100
Regulation
FinCEN MSB · Lithuania VASP

№13 Editor's pick

HTX
6.2/10 Tested
  • Best for Deep liquidity
  • Best for Altcoin selection
  • Best for Perpetual futures
  • Best for APAC & LATAM
Min deposit
$0
Spread from
0.20% / 0.20%
Max leverage
1:200
Regulation
Lithuania VASP · Dubai VARA (provisional)

Prop Firms Serving Malaysia

11 prop firms accept Malaysia-resident traders, challenge funding accounts.

№1 Editor's pick

FTMO
9.0/10 Tested
  • Best for Funded traders
  • Best for Forex prop
  • Best for Verified payouts
  • Best for Multiple firms
Min deposit
$155
Spread from
0.2 pips
Max leverage
1:100
Regulation
Offshore

Local payment methods

Rails our traders confirmed working for Malaysia deposits in 2025-2026.

  • FPX (online banking)
  • DuitNow
  • Touch 'n Go eWallet
  • GrabPay
  • Skrill
  • Neteller
  • USDT

Tax Note for Malaysia

Malaysia has no capital gains tax on forex or CFD trading profits for individuals as of 2026. The foreign-sourced income exemption for resident individuals runs to 31 December 2026, so offshore broker profits remitted are generally exempt. Exception: if LHDN classifies trading as business-like (badges of trade), net profit is assessed as business income at scale rates up to 30%. Consult a Malaysian tax agent.

Risk warning: CFDs are complex instruments. 74-89% of retail accounts lose money. Affiliate disclosure: how we earn.