Best Forex Brokers In Malaysia

Posted On May 11, 2021, 1:21 pm by Christina Clarke

Introduction

Trading in Malaysia is quite popular in the world. The forex broker has been registered and authorised by regulatory bodies in Malaysia. The SCM was established in 1993.

What is a forex broker?

The broker is a mediator who helps to buy and sell currencies. They charge a commission according to a defined policy.

Which are the top 5 brokers in the market?

These are the 5 Best Forex Brokers In Malaysia

  • ROinvesting

It is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker’s brand name of Royal Forex Ltd offers 350+ CFDs instruments on various assets like cryptocurrencies, commodities, metals, indices, forex, stocks, and ETFs. The broker also provides educational material to traders, such as articles, VOD, tutorials, courses, and ebooks. 

The brokerage company offers commission-free trading to all market players. ROinvesting offers the maximum leverage is 1:500 to professional clients. There is no fixed spread here, which helps an investor. A minimum deposit of $250 is required before opening a trading account with the broker. 

What are the features and services of the Roinvesting platform?

  • No charges on deposit of the money into the account.
  • The execution model is MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent.
  • There’s a swap discount of 50% to professional traders. 
  • The account currency is USD, EUR, GBP. 
  • The platform offers maximum leverage of 1:500 to professional clients.  
  • ROinvesting provides a dedicated account manager to traders. 
  • You can find full-time customer support for solving the customer’s problem.
  • Hedging is allowed in all accounts. It helps reduce losses. 
  • Fifth decimal trading is offered for better liquidity.
  • The platform also provides Islamic accounts to the traders as per the demands of the trader.  
  • The trader can trade 350+ CFDs instruments on various assets like cryptocurrencies, metals, indices, stocks, forex, and commodities. 

Spread in silver account

  • EUR / USD 28
  • GBP / USD 28
  • USD / JPY 28
  • AUD / USD 28
  • USD / CHF 28

Spread in the gold account 

  • EUR / USD 20
  • GBP / USD 20
  • USD / JPY 20
  • AUD / USD 20
  • USD / CHF 20

Spread in platinum account 

  • EUR / USD 18
  • GBP / USD 18
  • USD / JPY 18
  • AUD / USD 18
  • USD / CHF 18
  • 101investing

It is an accomplished broker in the market. 101investing is a brand name of FCBFI Broker Financial Ltd. The broker is authorised and regulated by the Cyprus Securities and Exchange Commission. 

The brokerage company offers 250+ CFDs instruments on various assets like forex, cryptocurrencies, metals, commodities, stocks, and indices. The platform offers the best features to the clients. The trading portal provides three types of accounts to the clients: silver, gold, and platinum. 

What are the features and services of the 101investing platform?

  • It renders commission-free trading to all subscribers.
  • It also provides massive educational resources to traders.
  • The customer support facility is always open for the trader between the timing hours. 
  • The platform offers 250+ CFDs instruments on assets like forex, commodity, stocks, metals, and ETFs. 
  • The MetaTrader 4 platform is used on all devices. 
  • It is regulated and authorised by the Cyprus Securities and Exchange Commission. 
  • The deposit option: credit card, cryptocurrencies, Neteller, Skrill and wire transfer.
  • The headquarters of the 101investing is 79, Spyrou Kyprianou Ave., MGO Protopapas Building, 1st Floor, 3076, Limassol, Cyprus.
  • The withdrawal option: credit card, cryptocurrencies, Neteller, Skrill and wire transfer.
  • There is no fixed spread in this platform. 
  • The minimum deposit is $250 that is much required in trading. 

Spread in silver account

  • Gold – 0.59
  • Crude Oil – 0.07
  • Dax – 2
  • EUR/USD – 2.2
  • GBP/USD – 2.8

Spread in the gold account

  • Gold – 0.48
  • Crude Oil – 0.05
  • Dax – 1.5
  • EUR/USD – 1.3
  • GBP/USD – 2

Spread in platinum account 

  • Gold – 0.37
  • Crude Oil – 0.03
  • Dax – 1
  • EUR/USD – 0.7
  • GBP/USD – 1.3
  • TradedWell 

It started operations in 2020. The broker is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). It is the brand name of ITrade Global. It offers 170+ CFDs instruments on different types of assets like forex, commodities, cryptocurrencies, metals, indices, and ETFs. The platform also offers educational material such as articles, courses, tutorials, VOD, and ebooks to the traders for a better trading experience. The broker has provided the best features and services. The review in the market of this platform is excellent and positive. The benefit of opening an account with TradedWell is an excellent choice for the traders.   

What are the features and services of the TradedWell platform?

  • There is no commission on the deposit of the money in the account. 
  • The platform offers 170+ CFDs instruments for trading like in forex, commodity, metals, cryptocurrency, and indices. 
  • Hedging is allowed on all accounts. 
  • The broker offers the maximum leverage of 1:500 for the professional traders. 
  • Fifth, decimal trading is offered for better liquidity and execution in trading positions.
  • In the platinum account, the broker offers a Swap discount of 50%. 
  • In the silver account, the average execution speed is 0.08, in the gold account, it is 0.06, and in the platinum account, t is 0.05. 
  • The headquarter of the TradedWell is Isiodou, Andrea Laskaratou & Emanouel Roides Street 10-12, 2. Floor, Ayia Zoni, 3031 Limassol, Cyprus.
  • The minimum deposit is $250 that is much required in trading. 

Spread in silver account

  • Gold 80
  • Crude oil 250
  • EUR/USD 28
  • GBP/USD 28
  • USD/JPY 28

Spread in the gold account

  • Gold 70
  • Crude oil 250
  • EUR/USD 20
  • USD/JPY 20 
  • GBP/USD 20

Spread in platinum account 

  • Gold 60
  • Crude oil 200
  • EUR/USD 18
  • USD/JPY 18
  • GBP/USD 18
  • IG

The IG is a quite popular forex broker in the market also; it is a leader of European foreign exchange trading. It is fully transparent and regulated by the National Foreign Trade Council (NFTC) and National Futures Associations (NFA). To trade in the IG platform, the trader has 17000+ markets. 

What are the features and services of the IG broker?

  • It is regulated and authorised by the National Foreign Trade Council (NFTC) and National Futures Associations (NFA). 
  • The headquarter of the IG broker is Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA, UK.
  • The minimum deposit is $250 is required before starting the trading in the market. 
  • There is no fixed spread in the platform. 
  • The deposit and withdrawal option of the IG platform is via ACH, Credit Card, wire transfer.
  • The maximum leverage is offered up to 1:50 to professional clients. 
  • The broker also provides the demo account for practice the trading. 
  • The IG broker provides customer support services to the client of the platform.
  • The platform offers trading signals, an economic calendar, daily news, which helps to get information about the market for a better investment. 
  • Hedging is allowed on all accounts. 
  • AvaTrade

It was founded in 2006, and it is authorised and regulated by the CBI, BVI FSC, ASIC, FSCA, FSA, and ADGM. AvaTrade is the oldest broker in the market and among the best CFDs providers. 

The broker has a wide range of platforms such as MetaTrader4 and MetaTrader 5 for trading. The platform has multilingual customer support for the traders of the platform. The platform also offers expert trading videos, a new, Economic calendar, market analysis, trading signals, etc. 

What are the features and services of the AvaTrade broker?

  • The broker offers the maximum leverage is 1:30. 
  • The deposit and withdrawal option of the platform is via, Boleto, Credit Card, Neteller, PayPal, QIWI, Skrill, Wire Transfer.
  • The headquarter of the AvaTrade platform is Five Lamps Place, 77-80 Amiens Street, Dublin 1, DO1A742, Dublin, Ireland. 
  • The tradable assets are forex currencies, commodities, indices, stocks, bonds, and Crypto.
  • The minimum deposit is $100. 
  • There is no fixed spread in the platform.

The Bottom Line

In this article, we discussed the best forex brokers in Malaysia. ROinvesting, 101investing, TradedWell, IG, and AvaTrade have unique features and services for traders who want to elevate profits in a quick time. Traders using these brokerage companies have always displayed their pleasure and gratitude. Plies, the security and safety market players get here are second to none.

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