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75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.
Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.
Since its inception in 2009, Bitcoin has become a magnet for investors and traders alike. Often described as “digital gold,” it is world’s leading alternative asset, attracting investor interest due to its decentralised nature and explosive price movements. This volatility—and the broader crypto market’s rapid growth—has paved the way for innovative products like crypto CFDs. These contracts for difference allow you to speculate on the price of Bitcoin, Ethereum, and altcoins—whether they rise or fall—using platforms regulated by top-tier international authorities such as CySEC (Cyprus) and ASIC (Australia).
At FxScouts, we’ve tested many crypto brokers, evaluating over 200 data points on regulation, trading costs, platforms, and local accessibility. This guide explores how crypto CFDs work, highlights key benefits and risks, and presents our top-rated brokers for Malaysian traders.
Trusted. Transparent. Tested.
For over a decade, we’ve set the standard in forex broker reviews—collecting thousands of data points yearly to deliver unbiased, expert-backed insights.
Skip the trial and error! Below, you’ll find the best Malaysian forex brokers for 2026—thoroughly tested, verified, and ranked, so you can trade with confidence.
Crypto CFDs are not currently regulated by the Securities Commission Malaysia (SC), which only licenses spot exchanges. As a result, most Malaysians use offshore brokers regulated by authorities such as ASIC or CySEC. Trading with a properly regulated international broker provides key benefits:
Tip: Only trade with brokers that hold valid licences from recognised international regulators, as these are not supervised by Malaysian authorities.
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Broker | Overall Rating Our overall rating evaluates brokers on platform quality, fees, service, regulation, and instruments. Higher scores reflect better performance and reliability. | Official Site Click to visit the broker’s official website for more information and to open an account. | Min. Deposit The minimum amount of money required to open an account with this broker. | Website Language: English | Regulators Displays the financial regulators licensing the broker, shown by national flags, ensuring compliance with financial standards for safer trading. | Platforms | Support Language: English | Compare Select two brokers using the checkboxes to compare their features, fees, platforms, and more side by side. | ||
|---|---|---|---|---|---|---|---|---|---|---|
 | AUD 100 | 100 | Yes | 55 |     | MT4, MT5, TradingView | Yes | |||
 | USD 100 | 30 | Yes | 63 |      | MT4, MT5, Avatrade Social, AvaOptions | Yes | |||
 | USD 100 | 11 | Yes | 70 |    | MT4, MT5, cTrader, TradingView | Yes | |||
 | USD 5 | 60 | Yes | 57 |  | MT4, MT5 | Yes | |||
 | USD 200 | 18 | Yes | 64 | | MT4, MT5, cTrader, TradingView | Yes | |||
 | USD 100 | 9 | Yes | 62 | | MT4, MT5, TradingView | Yes | |||
 | USD 0 | 10 | Yes | 80 |     | MT4, L2 Dealer, TradingView | Yes | |||
 | USD 50 | 20 | Yes | 63 |  | MT4, MT5 | Yes |
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Find Your Ideal Forex Broker
Top picks
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0 pips
SCB, CySEC, FCA, ASIC
AUD 100
TradingView, MT5, MT4
500:1
Eightcap offers one of the largest crypto CFD selections in the industry — including Bitcoin, Ethereum, Ripple, Dogecoin, Solana, and DeFi tokens — with leverage up to 1:20 for Malaysian clients.
The Crypto Raw account gives access to spreads as low as $10 with a small commission — ideal for active crypto traders looking for cost efficiency and execution transparency.
Malaysian users can trade crypto CFDs on MetaTrader 5 for multi-asset strategies or link their Eightcap account to TradingView for advanced charting, alerts, and community strategy sharing.
Crypto CFDs at Eightcap are available 24/7 — including weekends — allowing Malaysian traders to capitalise on volatility and news events outside traditional market hours.
The minimum deposit is only USD $100 (~MYR 470), and Eightcap supports multiple local funding methods including bank cards, Skrill, Neteller, and wire transfers with MYR conversions.
Eightcap is regulated by ASIC (Australia) and SCB (Bahamas), but does not operate under Malaysia’s SC, limiting legal protection for local clients.
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0.9 pips
ISA, CMA, CBI, FSA-Japan, ASIC, CySEC, FSCA
USD 100
AvaOptions, Avatrade Social, MT5, MT4
400:1
Mobile-first experience with easy-to-follow trend indicators and crypto-specific interface features.
Unlike many brokers, AvaTrade allows round-the-clock crypto trading, even on weekends.
Protect your trade for a defined period—get refunded if the market moves against you.
Includes major cryptocurrencies and crypto indices, offering diversified exposure.
Spreads on crypto are fixed and may not always reflect real-time volatility advantages.
AvaTradeGO is beginner-friendly but lacks professional-grade tools for algo or high-frequency traders.
AvaTrade | Best for: Malaysian beginners who want to trade crypto CFDs in a secure, user-friendly mobile environment
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0.0 pips
CMA, FSA-Seychelles, FSC, FSCA, ASIC
USD 100
TradingView, MT5, cTrader, MT4
500:1
Description 1
Description 2
FP Markets | Best Metatrader Execution
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YouTube
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0.6 pips
FSC, DFSA, CySEC, ASIC
USD 5
MT5, MT4
1000:1
XM offers a larger selection of crypto assets than many peers—BTC, ETH, XRP, ADA, and more with tight spreads.
Trade crypto alongside traditional markets in one platform with full technical charting suite.
Minimum trade size as low as 0.01 lots, perfect for risk-conscious crypto traders.
Crypto traders in Malaysia who observe Shariah principles can opt for swap-free crypto trading.
Trading hours for crypto follow traditional CFD market times (not always available on weekends).
Crypto leverage is lower compared to forex (typically 1:5 or 1:2)
XM | Best for: Traders who want a multi-asset broker offering crypto CFDs alongside forex, stocks, and indices
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0.1 pips
CMA, FSA-Seychelles, SCB, CySEC
USD 200
TradingView, MT5, cTrader, MT4
500:1
IC Markets offers raw spreads starting from $10 on crypto with minimal commission.
Ideal for HFTs or scalpers—servers are co-located in LD5 data centers for blazing speed.
Trade BTC, ETH, LINK, DOT, ADA and more, with leverage up to 1:20 depending on jurisdiction.
Custom indicators and bots can be deployed via VPS or locally—no restrictions.
Crypto trading follows institutional CFD market hours (weekends unavailable).
Platform and pricing structure are more suited for experienced users familiar with ECN dynamics.
IC Markets | Best for: Advanced traders in Malaysia seeking raw pricing and high-speed crypto execution
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An overview of how crypto CFDs work, their legal status in Malaysia, and the main ways to trade cryptocurrencies, including brokers, exchanges, and peer-to-peer platforms.
Cryptocurrency CFDs are a way to speculate on fluctuations in the cryptocurrency market without actually owning the coins themselves.
When you trade contracts for difference (CFDs), you don’t purchase the underlying asset. Instead, you use market analysis to predict whether the price of a given financial instrument will rise or fall.
If you correctly predict the price movement, you will earn money, but if you get it wrong, you will lose money. When you buy and hold cryptocurrencies, on the other hand, you’ll use a digital wallet to create an account on a crypto exchange linked to a blockchain. From here, you’ll purchase or sell tokens using either fiat or digital currency. Buying and selling cryptocurrencies like this can be profitable, but you can only profit from rising market prices. CFDs give you a way to profit no matter which way the market is moving.
No, crypto CFD trading is not formally regulated for retail investors in Malaysia. The Securities Commission Malaysia (SC) regulates digital assets and has approved a few registered digital asset exchanges (DAXs) for spot crypto trading, but does not currently authorise brokers to offer crypto CFDs to Malaysian residents.
Despite this, many traders in Malaysia access crypto CFD products through international brokers regulated by ASIC or CySEC. These brokers operate outside Malaysian regulatory oversight, so traders should be aware that they are using platforms that are not licensed locally, and therefore not protected by Malaysian law in case of disputes.
Malaysians can access crypto trading through the following channels:
For Malaysian traders, SC-approved exchanges offer the best legal protection and ease of use, while others may prefer offshore brokers for leverage or broader asset coverage.
Just as when you trade any other currency, you trade cryptos in pairs, either against fiat currencies such as the US dollar or against another crypto. For example, you could trade Bitcoin against the euro (BTC/EUR) or against Ethereum (BTC/ETH). The US dollar is by far the most traded fiat currency globally, and BTC/USD (where BTC is the base currency) is the most popular crypto-to-fiat pair. For example, when the price of the BTC/USD pair is 100,000, it takes US$100,000 to buy one Bitcoin.
The advantage of trading cryptocurrencies against major currencies like the dollar or the euro is that these are relatively liquid markets, making it reasonably easy to find a buyer and a seller for your trade. This, in turn, means that such markets are less volatile than other pairings (such as crypto-to-crypto pairs) and the spreads tend to be narrower.
The crypto market is very volatile due to short-term speculative interest, making it highly attractive to traders. Volatility allows for greater profits but also increases risk.
Answers to common questions about how cryptocurrency trading works and how to get started.
To avoid scams, you should only use regulated crypto brokers. Start by identifying the broker’s legal name and its operating country, then verify its status on the appropriate regulator’s website. For example, a broker operating in Australia should be licensed by ASIC, while one in Europe should be registered with an authority like CySEC. At FxScouts, we evaluate brokers across more than 100 international regulators to ensure transparency and safety.
It can be, but profits depend on timing, risk management, and market knowledge. High volatility means both opportunities and risks.
Yes. Most brokers offer 24/7 crypto trading, including weekends and holidays.
Yes — profits from trading cryptocurrency CFDs are taxable. The Inland Revenue Board (LHDN) treats CFD gains as revenue income, which is subject to income tax. This is because CFDs are short-term, speculative instruments, not long-term investments.
No. Since you don’t own the underlying asset, no wallet is needed.
If trading with high leverage and without stop-losses, it is possible. Choose brokers that offer negative balance protection.
Trading cryptocurrency is a very high-risk market. In part, this is because the market doesn’t have a long history, so we can’t refer to previous market behaviour, but also because it does not have the same oversight and controls as fiat currencies. This lack of control makes the market an unpredictable asset to trade.
Explore more resources that fellow traders find helpful! Check out these other guides to enhance your forex trading knowledge and skills. Whether you’re searching for the best brokers, educational material, or something more specific, we’ve got you covered:
Compare the best Forex brokers in Malaysia and find the one that suits your trading style and budget.
Regulation is the most important consideration when choosing a broker. Learn how regulators protect traders and how the Forex market is regulated.
Explore the best Forex brokers for beginners in the Malaysia with user-friendly platforms, educational resources, and demo accounts.
60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Partner Manager and Financial Writer
Head of Content
Financial Writer
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