Best Broker Forex in Malaysia: Top Comparison

The Best Broker Forex in Malaysia, trusted and top list online platform and trading for you to compare

the best broker forex in malaysia

Forex (FX) is generally known as foreign exchange trading. Forex trading is a currency exchange that involves the buying and selling of diverse currencies with the goal of earning a profit from the trade. It is a global marketplace for foreign currencies that are traded internationally.

Forex was introduced worldwide in 1996, and trading activities can now be done online. All in all, there are eight (8) main currencies traded in Forex, which are the US Dollar (USD), Euro (EUR), Great Britain Pound (GBP), Swiss Franc (CHF), Japanese Ye (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), and New Zealand Dollar (NZD).

Hence, forex is not just a financial trading activity; it reflects the economic and political dynamics of particular countries.

There are some online best forex brokers in malaysia. Below are lists of the Forex brokers that can be registered by traders to trade in the Forex market:

How To Register Online Best Broker Forex in Malaysia

Here the list…

top trusted forex broker malaysia

1. How To Register Lite Forex Broker

In this country, there is also a forex platform malaysia known as Lite Forex. Below are the ways to register at Lite Forex:

  1. Browse https://my.litefinance.org
  2. Fill out all the required information, i.e., country and date of birth.
  3. Click on the “Continue” button.
  4. Then, fill out all the required personal information about the trader completely.
  5. Mark the terms and conditions box.
  6. Lastly, click on the “Register” button to complete the registration.

2. How To Register InstaForex

Apart from that, traders can choose to register with Instaforex. Below are the steps to register and open an account at Instaforex:

  1. Browse https://www.instaforex.eu  to register Instaforex’s trading account.
  2. Fill out all the required information about the trader.
  3. Click on “Register.”.
  4. Answer all the questionnaires given and upload the necessary documents.
  5. Then, choose the account and click on “Open Account.”.
  6. Last but not least, traders need to make a deposit.
  7. Once completed, registration is successful, and the trader can start trading.

3. How To Register FP Markets

Trading activities can also be done through FP Markets.

There are steps that need to be fulfilled by the trader to register their account with FP Markets:

  1. Browse the official website at https://portal.fpmarkets.com
  2. Click on the “Start Trading” button.
  3. Next, enter the personal details and information of the trader, and click on the “Save and Continue” button.
  4. Then, complete the account configuration and click on the “Save and Continue” button.
  5. Make a declaration of the terms and conditions by clicking the “Accept and Open Account” button.
  6. Finally, registration is successful.

4. How To Register ETORO

Traders may also choose to trade currencies in forex through the Etoro trading platform. Below are the ways to register in Etoro:

  1. Browse https://www.etoro.com.
  2. Fill out the email, username, and password of the trader.
  3. Tick the terms and conditions box.
  4. Lastly, click on the “Create Account” button to register the Etoro trading account.

5. How To Register CMC Markets

CMC Markets offers competitive spreads to traders on their trading platform. Below are the steps to register with CMC Markets:

  1. Browse the official website of CMC Markets at https://www.cmcmarkets.com
  2. Click on the “Open Trading Account” button.
  3. Choose the trader’s country and click on the “Get Started” button.
  4. Complete the application form by filling out all the necessary personal information about the trader.
  5. An email confirming registration will be sent to the trader for verification.
  6. Click on “Verify Email.”.
  7. Finally, registration is complete.

6. How To Register Pepperstone

Pepperstone is a good and trusted trading platform among traders. Below are the steps to register with Pepperstone:

  1. Browse the official website of Pepperstone at https://secure.pepperstone.com
  2. Choose the sign-up method: either sign up with Apple, Google, or Facebook.
  3. Click on either one.
  4. Enter the trader’s personal details and create a password to create the account.
  5. The trader will be required to take the test.
  6. Confirmation of ID needs to be done.
  7. Once the application is approved, the registration is completed.

7. How To Register IG Group

Besides that, registration on the trading platform with IG Group can be done online to start trading activities, and below are the ways:

  1. Visit https://www.ig.com.
  2. Fill in the personal information of the trader completely.
  3. Verify the registration.
  4. Once verified, the registration of the IG Group trading account is successful.

8. How To Register EightCap

EightCap is among the best trading platforms. Registration needs to be done by the trader to trade under this broker, and below are the steps that need to be fulfilled:

  1. Browse https://portal.eightcap.com
  2. Enter the required personal details.
  3. Then, click on the “Create Account” button.
  4. Once completed, registration is successful, and trading activities can start taking place.

9. How To Register Thinkmarkets

A trading platform such as ThinkMarkets can be a first step for the trader to start trading. Below are the ways to register with this broker:

  1. Browse https://portal.thinkmarkets.com.
  2. Fill out all the required information about the trader correctly and completely.
  3. Once completed, registration is successful.

10. How To Register FXPO

In a nutshell, traders can choose FXPO to run their trading activities. Below are the steps to register the trader account online;

  1. Visit https://www.investormeetcompany.com
  2. Fill up all the personal information about the trader.
  3. Next, click on the “Register” button.
  4. Finally, the registration of the FXPO trading account is complete.

11. How To Register XM Broker

Traders can also choose to trade in XM Market. Below are the steps to register at XM Market:

  1. Browse https://xm.com  to make a registration online.
  2. Enter the personal information of the trader in the registration form.
  3. Click on “Register.”.
  4. Verify the email by clicking on “Verify Email.”.
  5. After that, log in to the trader account.
  6. Open the account by clicking on “Open Account.”.
  7. Fill out all the necessary information about the trader and click on the “Continue” button.
  8. Finally, the registration process is done, and traders can start trading.

12. How To Register FBS Malaysia

FBS is one of the most reliable forex brokers in Malaysia. Below is the registration process that needs to be completed by the applicant to register in FBS:

Browse the FBS website online at https://fbs.com/,

  1. Click on “Open Account.”.
  2. Enter the email and full name of the trader.
  3. Then, click on the “Register as a trader” button.
  4. Choose the account and click on “Open Account.”.
  5. Fill out the required information and click on “Open Account.”.
  6. Finally, registration is successful.

13. How To Open Forex Trading Account Malaysia with OCTAFX

Octafx is the most popular forex broker available in Malaysia. It is very well-known among the traders as it offers good trading experiences. Below are the ways to open forex trading account malaysia on Octafx:

  1. Browse the Octafx website online at https://www.octafxmy.net/
  2. Click on the “Sign Up” button.
  3. Fill outthe trader’s email and password, or sign up via Facebook, Google, or Apple ID.
  4. Then, click on the “Sign Up” button.
  5. Verify the email by pressing the “Confirm” button.
  6. Fill out the personal details of the trader and click on the “Continue” button.
  7. Next, the trader needs to configure their new trading account by clicking on “Create Account.”.
  8. Finally, the registration is complete.

14. How To Register FXTM

Traders may earn profit through this good trading platform known as FXTM. Below are the ways to register with FXTM:

  1. Visit the official website of https://register.fxtm.info
  2. Complete the registration process by filling out all the information required.
  3. Then, click on the “Register Now” button.
  4. Lastly, the FXTM account is successfully registered.

7 Tips To Choose Best Forex Broker in Malaysia Online

Recently, the forex market in Malaysia has been significantly demanded by traders in Malaysia.

Thus, a good trading strategy and plan are required to sustain profitability when trading forex.

There are seven (7) tips to choose the right and best forex in Malaysia.

By looking forward to all those tips in order to increase the chances of success when trading in forex;

best forex trading platform malaysia

1. Leverage And Margin

Leverage and margin are important tools for traders to allow them to monitor their trading activities.

The leverage offered by the forex brokers needs to be considered by the trader to protect themselves from excessive risk.

Both tools will work to amplify the profits and losses from trading activities.

Hence, the trader needs to choose the minimum leverage limit as per the regulations set by the Securities Commission of Malaysia.

2. Commissions And Spreads

In executing trades, Forex brokers will charge some amount of fees, known as commissions and spreads.

Generally, it is considered a cost of trading.

The trader needs to choose brokers that offer low commissions and competitive spreads to create trading reliability.

3. Initial Deposit

Every one of the Forex brokers offers a different initial deposit to allow the traders to start their trading journey.

This initial deposit needs to be deposited by the trader to open a Forex trading account.

As a beginner, it is advisable for them to look for and choose forex brokers that offer low initial deposit requirements so that they can start trading with a small amount of capital and monitor them wisely.

4. Ease Of Deposits And Withdrawals

Undeniably, Forex trading is complex and challenging for the trader since it is fully operated online.

An ease of deposits and withdrawals is required by the trader when selecting the Forex broker.

Brokers that offer ease on both deposits and withdrawals will create a smooth operation for the trader.

Obviously, these factors can increase the reliability of traders towards trading activities.

5. Customer Service

Apart from that, excellent customer service is essential for the traders, as they will be treated well before, during, and after executing a trade.

They work efficiently in supporting and solving the traders’ issues during the trading journey.

Therefore, choosing best and top Forex broker in Malaysia based on their customer support policies is crucial to ensuring the effectiveness and efficacy of Forex trading.

6. Currency Pairs Offered

General speaking, forex trading involves diverse currencies from multiple countries in the world.

The buying and selling of the currencies are related to one another, which implies currency pairs.

Therefore, every trader needs to choose the high-potential currency pairs offered by the broker to enhance profitability and minimize losses throughout the trading journey in forex.

7. Best Trading Platform For Broker Forex in Malaysia

Last but not least, choosing the right platform to trade plays a significant role in success in trading activity.

The advanced technology and variety of services offered by the good platform will help the traders face the trading journey.

It gives the traders peace of mind throughout the trading journey in order to cater to the different challenges and difficulties during trading activities.

Hence, the best forex trading platform and company in malaysia will help the traders monitor their trading activities wisely for the best interest of the traders.

What Time Is Best To Trade Forex With Broker in Malaysia

Forex trading activity in Malaysia varies depending on the time zones including forex time zones malaysia.

Generally, the different time zones might affect trade currencies.

Trading in the right time zones can increase the profitability of trading activities.

According to TU Research, the best malaysia forex trading time for traders to trade forex is between 9.00 p.m. and 12.00 a.m. GMT+8.

Within that time, the majority of traders are actively trading in the Forex market. In addition, the trading volume during that time was very high.

In a nutshell, choosing the right trading time to trade in forex is crucial for every trader to maximize profitability and minimize risks.

Is forex legal in malaysia? The legality of forex trading company in malaysia varies depending on the law and regulations implemented by a country.

Pursuant to the law and regulation imposed by Bank Negara Malaysia in February 2012, it has been clarified that forex trading in Malaysia is legal.

However, the trading activities must be regulated by licensed commercial banks, investment banks, international Islamic banks, and Islamic banks.

As long as the forex company in Malaysia complies with the rules of the Exchange Control Act of 1953, the Securities Commission Act of 1993, and the Money Changing Act of 1998, there are no restrictions on those financial trading activities.

FAQ

1. Can You Trade Forex Anytime Of The Day?

The forex trading market runs and lasts all day and night.

It is the most continuous trading market in the world. It seems that trading during the day is more profitable than at night.

Thus, the forex market operates 24 hours per day, which enables traders to trade forex at any time during the day.

2. Can I Trade Forex at Night?

The forex trading market runs its operation 24 hours a day and five (5) days a week. By means of this, traders can place their trades at any time, even at night.

Nevertheless, it depends on the trader’s time zone.

Precisely, trading in forex at night can be a good option for traders who have other commitments during the day.

They might face challenges where the trading market has less liquidity at night. Thus, traders need to adapt some trading strategies in order to trade at night.

3. Do Forex Traders Pay Tax in Malaysia?

Forex trading is part of the financial investment trading activities.

Any profit earned and gained from forex trading activities is considered passive income.

Therefore, income from forex exchange trading is entitled to tax, and it has been categorized under income tax.