Alison Heyerdahl
Edited by Alison Heyerdahl
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Compare brokers to
find the right fit

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics.

Select Brokers to Compare

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise

 

Learn how we set the standard for broker reviews. Explore our in-depth review process here.

Most Compared Brokers in Malaysia in October 2024

We’re revealing the most requested broker comparisons to simplify your search. These are the matchups constantly on the minds of Malaysian investors, and with good reason. They excel in the areas that matter most to us:

  • Financial Regulation: Safety and security are non-negotiable.
  • Transparent Fees: We want to keep our hard-earned profits!
  • Diverse Assets: Stocks, forex, crypto – these brokers offer the variety you’re looking for.
  • User-Friendly Platforms: Whether you’re a pro or starting out, finding the right platform is crucial.

Let’s cut through the noise! Compare these in-demand brokers and discover the best fit for your investment journey

Pepperstone
AvaTrade
ASIC, BaFin
Regulators
ASIC, B.V.I FSC
200:1
Leverage
400:1
MT4, MT5
Platforms
MT4, MT5
0.01 pips
Min. Spread
0.9 pips
USD 0
Min. Deposit
USD 100
Octa
XM
CySEC, FSA-St-Vincent
Regulators
ASIC, CySEC
1000:1
Leverage
1000:1
MT4, MT5
Platforms
MT4, MT5
0.6 pips
Min. Spread
0.6 pips
USD 25
Min. Deposit
USD 5
Tickmill
Pepperstone
CySEC, FCA
Regulators
ASIC, BaFin
500:1
Leverage
200:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0.01 pips
USD 100
Min. Deposit
USD 0
AvaTrade
FxPro
ASIC, B.V.I FSC
Regulators
CySEC, DFSA
400:1
Leverage
200:1
MT4, MT5
Platforms
MT4, MT5
0.9 pips
Min. Spread
0.4 pips
USD 100
Min. Deposit
USD 100

Top Overall Brokers by Broker Score

Unbiased Expertise

Independent, in-depth reviews and comparisons of all well regulated Forex brokers, empowering you to make informed choices.

Educational Resources

Comprehensive guides for all levels, from the basics of Forex to advanced strategies tailored for your experience.

Transparent Information

A focus on facts, accuracy, and up-to-date data to give you the insights you need to succeed in your Forex journey.

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Listen to Alison and Chris discuss what to look for in a Forex broker. They cover the importance of finding a well-regulated broker, a user-friendly platform, and keeping your trading costs low. They also recommend looking for a broker with good educational resources, a demo account, and good customer support.

Best Forex Brokers in the Malaysia for 2024

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Regulated by FCA
Licenced by
Min. Deposit
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
Broker Score
Official Site
Compare
Yes
ASIC Regulated BrokersBundesanstalt für FinanzdienstleistungsaufsichtCapital Markets AuthorityCySEC Regulated Brokers
DFSA Regulated Forex BrokersFCA Regulated Forex BrokersSecurities Commission of the Bahamas
USD 0
USD 10
4.61
/ 5
No
CySEC Regulated BrokersFinancial Services Authority – St. Vincent & the GrenadinesFinansinspektionen
USD 25
USD 6
4.37
/ 5
Yes
CySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services Conduct AuthorityLabuan Financial Services Authority
The Seychelles Financial Services Authority
USD 100
USD 6
4.58
/ 5
No
ASIC Regulated BrokersBritish Virgin Islands Financial Services CommissionCentral Bank of IrelandCySEC Regulated Brokers
Financial Regulatory Services AuthorityFinancial Services AgencyFinancial Services Conduct Authority
USD 100
USD 9
4.59
/ 5
No
ASIC Regulated BrokersCySEC Regulated BrokersFCA Regulated Forex BrokersInternational Financial Services Commission
USD 5
USD 6
4.45
/ 5
No
ASIC Regulated BrokersCySEC Regulated Brokers
AUD 100
USD 6
4.40
/ 5
No
ASIC Regulated BrokersCySEC Regulated BrokersThe Seychelles Financial Services Authority
USD 200
USD 8
4.46
/ 5
Yes
CySEC Regulated BrokersDFSA Regulated Forex BrokersFCA Regulated Forex BrokersFinancial Services Commission
Financial Services Conduct AuthorityThe Seychelles Financial Services Authority
USD 0
USD 10
4.53
/ 5
No
ASIC Regulated BrokersVanuatu
AUD 0
USD 4.50
4.41
/ 5

                

Let's Talk Forex with Alison & Chris

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Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.

The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.