Sometimes, it can be difficult to find a forex broker who makes you feel safe and secure mentally. To find the best forex broker, you need to consider the crucial elements in picking a dependable and trusted option. A reliable forex broker is, in essence, law-abiding, ethical, and completely dedicated to its clients, and its track record in the field speaks for itself.
Such a broker offers excellent customer service, quick various payment methods, and, most importantly, consistent trading circumstances, allowing you to relax and concentrate entirely on your trading career. Keep reading for the suggestions to find out the best forex broker malaysia.
OctaFX
OctaFX is the top Malaysian forex broker that can compete with other top brokers. OctaFX is regulated by two reputable regulatory bodies the CySEC in Europe and the FCA in the United Kingdom (UK).
OctaFX accepts a minimum deposit of 50 USD and it offers a 50% deposit bonus on each deposit. It is rated 4.5 by many customers. In addition, they were named the “Best Forex Islamic Account” providers by Forextraders.com in 2015. In addition, they were named as the “Best Forex Islamic Account” providers by Forextraders.com in 2015.
EToro Broker
Founded in 2007 and ranking till now as the best copy trading broker. e toro is regulated by CySEC, ASIC, MiFID, and FCA. It has a minimum deposit of 200 dollars. It’s a multi-asset brokerage firm that specializes in financial and copy trading services including FX and cryptocurrency.
AvaTrade
AvaTrade was created in 2006. It is a reputable, experienced, and well-known trading platform that is also user-friendly and s a great option for beginners. Every month, this trading platform handles over 3 million trades and is constantly improving and increasing its offerings.
It was one of the first to adopt digital currency, allowing cryptocurrency to trade well ahead of its competitors. Since its foundation, it has used advanced technology to give its clients a user-centric trading platform. It has made its presence in all continents with an excellent reputation.
BlackBull Markets
Founded in 2014 in New Zealand and is regulated by the Financial Services Providers Register (FSPR). BlackBull Markets has branch offices in New York and Malaysia, in addition to their worldwide headquarters in New Zealand.
They provide raw spreads as well as commissions. A drawback of this broker is that equity trading and cryptocurrencies are not available here.
Moneta Markets
Moneta Markets is launched in 2020 by an authorized company and it is regulated by Cayman Islands Monetary Authority (CIMA) .It is however considered the best trading platform but it has a drawback that it has no details about trading commissions available on the internet.
The custom-built Moneta Markets Web Trader platform, which provides an all-in-one funds management, account opening, and trading solution, allows users to trade on more than 300 financial CFD instruments, including, commodities, Forex cryptocurrencies, indices, and stocks.
Pepperstone
Pepperstone is a Melbourne-based broker that specializes in providing market access to financial instruments such as index, Forex, stock, and commodity CFDs, as well as for cryptocurrencies CFDs.
It has a personalized beginner-friendly service that is available 24 hours for its customers. It has all three major trading platforms c trader, MT5 and MT4. You can open your account with a minimum deposit of 200 USD.
IC Markets
It has a basic and quick account opening process, as well as free and user-friendly deposit and withdrawal alternatives. Low forex commissions are available at IC Markets. It offers free education and customer service 24 hours a day, seven days a week.
There are spread foundation and Raw spread accounts to choose from, It also includes a lot of customizability choices and a clear fee report. IC Markets welcomes customers from all over the world. The exceptions are the United States, Israel, and Canada.
FBS
Next on the list, we have FBS which is regarded as the best forex broker in Malaysia. They have developed a high level of trust in their customers through their excellent service. They are regulated by the IFSC and CySEC.
FBS is a reputable broker with five account options, including a fantastic Cent account that may be ideal for new traders. It offers a minimum deposit that starts from just 1 dollar reaching up to 1,000 dollars based on your account selection.
Final Verdict
We hope this article was helpful for you and you must have gotten an idea of how Forex trading works and what are the best platforms for forex trading in Malaysia. We advise you to be cautious about forex trading companies and brokerage and invest your money after doing plenty of research.