Best Forex broker Malaysia

In Malaysia, Forex trading is a legal activity as provided as clients use an FX platform that adheres to SCM requirements. Here are the best forex broker Malaysia for 2021

1.   eToro

eToro is our number 1 option. Nowadays has over 17 million members across 140 countries. eToro is our top recommendation for the finest Forex broker in Malaysia. in addition to crypto trading, they provide a wide range of trading instruments. since

• Forex, stocks, and crypto are their main Trading Instruments
• In addition, there are no maintenance fees or trade charges. Apart from the first $200 minimal fee, there is no price to establish an account with eToro.
• FCA, CySEC, MiFID, and ASIC has licensed eToro

2.   Interactive Brokers

Active professional investors can be the best benefit from Interactive Brokers which is the top Forex broker in Malaysia.

• Interactive Brokers allows you to trade stocks, options, futures, currencies, bonds, and mutual funds.
• Customers can select between two accounts in respect of commission, the IBKR Lite, and the IBKR Pro service.
• IBKR will charge $0.005 per share, up to a minimum of $1 and a maximum of 1% of the trading value, for shares!
• Interactive Brokers is authorized by the CFTC, the NFA, the SEC, and FINRA.

3.   FxPro

FXPro is a genuinely worldwide Forex broker, serving over 1.8 million clients in 173 countries.

• The Most Important Trading Instruments are Forex, CFD, and cryptocurrency trading.
• In FXPro, Each client is required to provide a minimum deposit of $100. Commissions are also charged by FXPro on currency pairings and spot metals!
• Trading on FXPro complies with all Malaysian rules.

Admiral Markets United Kingdom

Admiral Markets started operation in 2001 and has since grown to become one of the leading Forex brokers in Malaysia and throughout the globe.

• In terms of, The Most Important Trading Instruments
• Admiral Markets UK provides Forex and Contracts for Difference (CFD) trading.
• Clients can select from four different account kinds. Overall, commissions for all four account categories stay very steady.
• The license of Admiral Markets is given by the FCA, CySEC, FSCA, and SCB.

4.   Tickmill

Tickmill, which was founded in 2014, is well on its way to becoming a global Forex broker. For trading, it uses 2  tools which include:

• MetaTrader
• VPS hosting

The minimum balance which Tickmill demands is $100, and the total trading fee is 0.3 pips.

5.   FBS

FBS is a multinational broker that first opened its doors in 2009. They provide their clients a $100 sign-up incentive!

• The Tools which FBS use are MetaTrader and  Copy Trading
• FBS requires at least an investment of $1 and charges a trading commission of 0.1 pips.

6.   Exness

Exness is an excellent platform for overseas Malay individuals. It’s especially useful for people in the United Kingdom and Europe.

• The Most Important Trading Instruments for Exness include Forex and Contracts for Difference (CFD) trading.
• Licensing of Exness is by the FCA, CySEC, and the FSA.

7.   OctaFX

OctaFX is a mobile trading market that is gradually gaining market traction. They are easily accessible and provide Forex and CFD trading.

• When you initially open an account with OctaFX, you must pay a least $25. They charge a minimum total fee of 0.6 pips.
• OctaFX is CySEC-licensed.

Conclusion

eToro is the greatest platform for FX trading in Malaysia, owing to its superb trading interface and extensive training materials. Any of these brokerage firms, however, is a viable alternative for Forex trading.

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