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Having a reliable Forex trading app is important for all Forex traders. Whether you’re a beginner or a professional, being able to check market data and adjust trades on your phone is an essential part of your trading day.
These are the best Forex trading apps of 2024 designed for Malaysian traders of all levels. This comprehensive list will help you better understand the top Forex apps and their features and help you find the right one for your trading style. From risk management tools to advanced analysis, you will find everything you need from these apps for Forex trading on the go.
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.
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Broker | Overall Rating | Official Site | Min. Deposit | Regulators | Mobile App | Apple Score | Google Score | Compare |
|---|---|---|---|---|---|---|---|---|
 | USD 100 |        | AvatradeGo | |||||
 | USD 25 |  | MT5 App | |||||
 | USD 100 |     | MT5 App | |||||
 | USD 0 |    | MT5 App | |||||
 | USD 0 |  | HF App | |||||
 | AUD 100 | | FP Markets App | |||||
 | USD 5 |  | XM App | |||||
 | USD 200 | | MT5 App | |||||
 | USD 100 |  | Markets.com | |||||
 | EUR 100 |  | Skilling Trading App |
Find Your Ideal Forex Broker
With a built-in tutorial and a well-designed and intuitive layout, AvatradeGO will appeal to beginners who find the MT4 and MT5 apps overwhelming and more complicated to use.
AvaTradeGo provides a stable trading experience with an advanced dashboard, intuitive management tools, clear charts, and zoom for details. The market trends feature allows traders to see how other Avatrade clients are positioned.
AvatradeGO is a better-designed re-skin of the MT4 app but loses some of MT4’s functionality. While it looks better and is easier to use for beginners than MT4, more experienced traders may prefer to use the native MT4 app.
0.9 pips
USD 9
USD 100
With their award-winning mobile app, AvatradeGO, Avatrade stands out as our choice for the Most Innovative Forex Broker in 2023. In addition, Avatrade offers low trading costs, great trading tools, and a wide choice of trading platforms.
We enjoyed how easy it is to use the AvatradeGO app. It has a sophisticated dashboard and intuitive home screen that allows you to access educational videos, market analysis materials and customer support from within the app. It also has excellent search functionality, and it’s simple to place orders, set price alerts, create watchlists, and view live prices and charts. Avatrade’s unique risk management tool, AvaProtect, allows traders to purchase loss protection, which acts as trade insurance for a time. Any losses during that time are fully refunded, but any gains are for the traders to keep.
Top-tier regulation and security with licenses from ASIC and CBI among others
Accessible trading with a low minimum deposit of 100 USD
Award-winning mobile trading with the AvaTradeGO app with social trading features
Wide range of assets including unique instruments like vanilla options
Educational material to support trader development and strategy enhancement
Market analysis could be more extensive
Avatrade is a Market Maker and operate a dealing desk which might not align with all trading preferences
Traders looking for a feature-rich copy trading service available on a modern and easy-to-use trading app.
Octa has some of the lowest trading fees in the industry - down to 0.6 pips (EUR/USD) on an account with no commissions. Its OctaTrader app is intuitive and user-friendly, and traders can choose from a wide range of Master Traders to copy trade.
The range of financial instruments at Octa is limited compared to other similar brokers, with only 35 Forex pairs available to trade.
0.6 pips
USD 6
USD 25
Octa has developed the leading copy trading platform, simple for beginners to understand but with the depth of detail (risk level, drawdown, etc) that more experienced traders will want to see – all in an intuitive interface. Available on the MT4 trading platform, Octa has lowered the threshold to allow beginner traders to profit from the sophisticated trading strategies used by professional traders, using seamless integration in their trading platform.
Octa is a well-regulated broker that supports three platforms (MT4, MT5, and Octatrader) across all mobile devices and is known for its range of bonus options. In addition to supporting the major platform’s trading apps, Octa also provides its own easy-to-use Octa Copytrading App for iOS and Android devices.
The Octa Copytrading app allows clients to choose from a list of Master Traders to compare their gain, number of followers, and commission amount and start copying their trades automatically. The app provides detailed statistics on trading performance: profit amounts, floating profit, equity, percentage gain, and a breakdown of investment success with every Master Trader. Notably, users can also stop copying trades manually at any time. The app also has a range of bonuses and promotions, such as a 50% first deposit booster and prize draws.
Fast and free withdrawals
Low minimum deposit
Tight spreads
Limited range of assets
Poorly regulated
With a low minimum deposit and very low trading costs, trading with Tickmill’s MT4 and MT5 apps will appeal to budget-conscious traders, both beginners and experts.
It’s hard to beat Tickmill’s low trading costs and both the MT4 and MT5 apps are available on iOS and Android. They both come equipped with an Advanced Trader Toolkit.
Tickmill does not offer its own trading app, so beginners may find the native MT4 and MT5 apps complicated at first. In additions, Tickmill has fewer assets to trade than many other brokers.
0.0 pips
USD 6
USD 100
Tickmill offers some of the most competitive Forex trading conditions available and has, therefore, earned the Award for Best Trading Conditions in 2023.
While Tickmill only offers the native MT4 and MT5 apps, it has some of the lowest trading costs in the industry. Its Pro Account, also with a 100 USD minimum deposit, has spreads of 0 pips (EUR/USD) and a commission of 4 USD, which is extremely low. Tickmill also has a VIP Account, with a 0 pip (EUR/USD) spread and a commission of 2 USD, but it has a minimum deposit of 50,000 USD, putting it out of the reach of most traders.
Tight spreads
Well regulated
Fast and free withdrawals
Limited base currencies
FxScouts uses a hands-on approach, combining detailed and systematic evaluation with expert analysis and practical testing to review each broker thoroughly.
When comparing the best Forex Trading Apps in Malaysia, we:
Here’s a look at what you need to know about Forex trading apps, what to look for and how to get started.
A Forex trading app is an application you can download to your phone or tablet that allows you to trade Forex and other financial instruments. Forex trading apps are usually offered free by Forex brokers. Some apps are proprietary, which means they are developed in-house by a broker. But many popular apps are developed by third-party companies. Proprietary Forex trading apps are usually easier to set up and use by beginners.
Forex trading apps will let you open a demo or trading account with the broker, buy and sell instruments, deposit and withdraw funds from your broker, provide real-time market data, display news and analysis, and provide price alerts and other tools to manage your risk.
Forex trading apps are available on mobile devices, while Forex trading platforms run on desktop computers. Otherwise, they perform the same function. Both allow you to trade on financial markets and will connect to your broker’s trading system. Desktop trading platforms tend to have more features and tools than trading apps and are favoured by experienced traders who require more in-depth technical analysis and advanced order types.
With the right Forex trading app, you can stay up to date with the latest market news, access charts, conduct technical analysis, and carry out trades all from the convenience of your smartphone or tablet. But with so many apps out there, how do you choose the best Forex trading app for you?
Here are a few important things to consider:
Regulation and Security: Ensure you choose an app from a well-regulated Forex broker with a good reputation. Well-regulated provide secure trading environments and are transparent about their fees, commissions, and risk management policies.
Fees: This includes any commission charges, spreads, or other costs associated with using the app, such as rollover fees and deposit and withdrawal fees. Always make sure you understand your broker’s fee structure before starting trading.
User-Friendly: You don’t want an app that’s too complicated and difficult to use. Look for an app that is user-friendly with an intuitive design that provides a streamlined trading experience. Many good brokers provide tutorial walk-throughs of their apps to help you get on your feet.
Trading Execution: Your app should be fast and reliable, meaning orders can be placed, closed and managed almost instantly. Apps with poor trade execution can greatly increase risk and may lead to higher losses.
Tools and Features: Ensure the app has the tools to maximise your trading opportunities. Does it offer real-time market data? Does it have advanced charting capabilities? Does it offer automated trading? Can you conduct technical analysis? Can you set automated price alerts? Knowing the features you want will help you narrow down your choice of app.
Demo Accounts: Choose an app with a free demo account that allows you to test out its features and see whether it meets your trading needs. You can also test out your trading strategies in real market conditions before using real money.
Financial Instruments: Many brokers only allow traders to trade on a portion of the instruments available on the desktop and browser versions of the platform. Consider whether the instruments you prefer trading are available on the app.
While trading apps have advantages, such as responding immediately to market movements, there are also disadvantages, such as the risk of overtrading and trading while distracted. Tune in to our recent podcast episode to find out more:
All Forex and CFD trading comes with a high degree of risk of losing all the money in your trading account. In terms of app security, as long as you download an app from a well-regulated broker and protect your trading account with a strong password and two-factor authentication, your Forex trading app should be secure from hackers.
"Often, the best move in trading is to do nothing. But with the convenience of a mobile trading app, you may be tempted to trade too often or in a way you would not usually do."
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 the Malaysia and find the one that suits your trading style and budget.
Explore the best Forex brokers for beginners in the Malaysia with user-friendly platforms, educational resources, and demo accounts.
Regulation is the most important consideration when choosing a broker. Learn how regulators protect traders and how the Forex market is regulated.
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.
Head of Content
Head of Content at FxScouts since 2019, Chris Cammack ensures all content meets our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.
Senior Financial Writer
Alison joined the team as a writer in 2021. She is the Senior Financial Writer for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.
Financial Writer
Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.
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