There are many foreign licensed forex brokers who accept Malaysian traders, but you are trading with them is at your own risk as these are not licensed in Malaysia.
If they become insolvent, recovering your trapped funds can be near impossible, and any legal disputes will have to be resolved in court sittings outside Malaysia.
As such, it is advisable that you abstain from trading or only consider those forex brokers who have Tier 1 regulations from reputed regulatory bodies like the FCA – UK, ASIC – Australia, etc.
For the purpose of educational research, HF Markets is a forex broker with good overall trading conditions & they accept traders from this region.
Best Forex Brokers in Malaysia
- FXTM (ForexTime): FXTM is a well-regulated broker with a strong global presence. They offer a variety of trading accounts and educational resources.
- XM: XM is known for its low spreads and a wide range of trading instruments. They are regulated by various authorities, including CySEC and ASIC.
- OctaFX: OctaFX is a popular broker with competitive spreads and a user-friendly trading platform. They are regulated by the International Financial Services Commission (IFSC).
- IG Group: IG is a globally recognized broker with a strong reputation. They offer a wide range of trading instruments and have a user-friendly platform.
- HotForex: HotForex is a well-established broker known for its variety of account types and competitive trading conditions. They are regulated by multiple authorities, including CySEC and FSCA.
- Axi: Axi is a broker with a focus on low spreads and fast execution. They are regulated by the Financial Conduct Authority (FCA) in the UK.
Remember that regulations and the reputation of brokers can change, so it’s crucial to conduct your own research and ensure that any broker you choose is currently regulated and has positive client feedback. Check the latest reviews, compare trading conditions, and make sure the broker aligns with your trading preferences and goals. Additionally, be cautious of any broker that promises unrealistic returns or has a poor regulatory history.
