Best Forex Brokers Malaysia for 2022

Trading forex in Malaysia has become increasingly popular in recent years, and has also come under closer regulatory scrutiny.

While many internationally regulated forex brokers accept clients from Malaysia, it is an additional benefit to also hold a Capital Markets Services License (CMSL) from the Securities Commission of Malaysia, or SCM, the country's financial regulatory body. Numerous brokers, including some well-established international firms, have received warnings from SCM for operating without a local license, though practical implications for the brokers remain unclear.

Regulation is intended to help forex investors avoid scam brokers, which are plentiful and can be persuasive. Our guide will help you choose a trusted and reputable broker for trading forex.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers Malaysia

To find the best forex brokers in Malaysia, we created a list of all brokers that accept new customers from Malaysia and ranked them by their Overall ranking, calculated during our in-depth annual review of forex brokers. This exacting analysis of more than 100 variables includes our proprietary Trust Score (more on Trust Score below).

Here is our list of the top forex brokers in Malaysia.

• IG - Best overall broker, most trusted
• Saxo Bank - Best web-based trading platform
• Interactive Brokers - Great overall, best for professionals
• FOREX.com - Excellent all-round offering
• XTB - Great research and education
• AvaTrade - Great for beginners and copy trading
• Admiral Markets - Great for MetaTrader

Malaysian Forex Brokers Comparison

Compare Malaysian authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.

In addition to our top picks above, we've reviewed and rated several more brokers who accept residents of Malaysia as clients, as shown in the table below.