Best Forex Brokers in Malaysia (2026)

Our editors’ pick

1. Fintrix Markets

Category-weighted score 63.8. Published rating 73, which includes an editorial adjustment of +9.2. Adjustments are disclosed on every page they apply to; see our methodology.

I start the list with Fintrix Markets, which takes Malaysian residents through Fintrix Markets Ltd, licensed in Mauritius, and gives you three account tiers, Zero, Standard, and Cent. Spreads on the Zero account start from 0.0 pips, and deposits are US$0 on the Standard account, US$10 on Cent, and US$200 on Zero, a ladder I find straightforward to compare. You can trade forex, metals, indices, commodities, equities, and cryptos on MetaTrader 4, MetaTrader 5, WebTrader, and Fintrix Social Trading, which copies positions on MT5. Your free demo comes with US$100,000 in virtual funds and expires after 45 days, with non-expiry on request, a timeline I would note before the virtual funds lapse. Islamic (Swap Free) accounts serve eligible traders in selected regions, a point I check for Malaysian readers.

Company

Fintrix Markets Ltd, Mauritius

Regulator

the Financial Services Commission, Mauritius, licence GB22200883 broker’s statement

EUR/USD spread and commission

0.0 pips minimum + $3.5 commission per side per lot, Zero account

Minimum deposit

US$0, Standard account (Zero account US$200, Cent account US$10)

Platforms

MetaTrader 4, MetaTrader 5, WebTrader, Social trading

Editors’ pick, lowest average spread

2. TabTrade

Second on our list, TabTrade is our editors' pick for its published average EUR/USD spread, 0.03 pips on the Edge account (Datalyst data for April 2026), and I would make the same pick. TabTrade (Mauritius) Ltd, licensed in Mauritius, takes Malaysian residents. Accounts run Standard, Edge, VIP, Cent, and Swap-Free, with $0 on Standard and on Edge. MT5 is the one platform (TradingView and cTrader coming soon), and its iOS and Android apps are MetaTrader 5 apps. CFDs cover forex, indices, metals, shares, and commodities. The Secure Account Portal has a demo with virtual funds, and the Swap-Free Account, in supported regions, charges a service fee every seven calendar days, a cost I would weigh. Copy trading is TabTrade Social.

Philippine account evidence

These are Philippine observations, a same-day verification on October 20, 2026 and a card deposit on October 30. They are not Malaysian results, and Malaysian readers may see different terms.

TabTrade account opening and funding details

Company

TabTrade (Mauritius) Ltd, Mauritius

Regulator

the Financial Services Commission, Mauritius, licence GB26206419 register

EUR/USD spread and commission

0.03 pips average + $3.5 commission per side, Edge account

Minimum deposit

$0, Standard and Edge accounts

Platforms

MT5 (TradingView and cTrader coming soon)

MT4, MT5, cTrader, TradingView

3. Pepperstone

Through Pepperstone Markets Limited, licensed in The Bahamas, Pepperstone takes Malaysian residents, and you have a Standard and a Razor account to choose from, a pairing I like for its simplicity. Razor spreads start from 0.0 pips, both accounts need a $0 deposit, and your minimum funding amount is $10 or local equivalent. Razor pairs its raw spread with a commission, while Standard folds the cost into a single included spread, so I would compare commission plus spread against that single included spread before choosing an account. You get the Pepperstone platform and app, MT4, MT5, TradingView, and cTrader, with copy trading on mobile and desktop. The free demo carries an unlimited virtual balance, though the Pepperstone, MT4, and MT5 demos expire 60 days after creation and the cTrader and TradingView demos after 90 days of inactivity.

Company

Pepperstone Markets Limited, The Bahamas

Regulator

the Securities Commission of The Bahamas, licence SIA-F217 register

EUR/USD spread and commission

0.0 pips minimum + commission from $3.50 per lot, per side, Razor account

Minimum deposit

$0, Standard and Razor accounts (minimum funding amount $10 or local equivalent)

Platforms

Pepperstone platform and app, MT4, MT5, TradingView, cTrader

Raw Spread and Swap Free

4. IC Markets

Raw Trading Ltd, the company behind IC Markets, takes Malaysian residents and is licensed in Seychelles, and I include it on my list for the platform range. Its Raw Spread account averages 0.1 pips with a $0 deposit, and the Standard and Raw Spread (cTrader) accounts also start at $0. You can use MT4, MT5, cTrader, TradingView, and the IC mobile app. A Swap Free account sits on Raw Spread and Standard across MT4, MT5, and cTrader, though an overnight holding fee applies. IC Social, powered by Pelican Trading, runs copy trading, alongside cTrader Copy Trading, ZuluTrade, and Signal Start. CFDs cover forex, commodities, indices, bonds, cryptocurrency, stocks, and futures, and your free demo lets you practise.

Company

Raw Trading Ltd, Seychelles

Regulator

the Financial Services Authority of Seychelles, licence SD018 register

EUR/USD spread and commission

0.1 pips average + $3.50 commission per lot payable per side, Raw Spread account

Minimum deposit

$0, Raw Spread account (MetaTrader); also $0 on Raw Spread (cTrader) and Standard

Platforms

MT4, MT5, cTrader, TradingView, IC mobile app

fxTrade and TradingView platforms

5. OANDA

OANDA Global Markets Ltd, licensed in the British Virgin Islands, takes Malaysian residents, and OANDA asks for no initial deposit on its Standard account, which is why I flag it in the opening-cost comparison I make on this page rather than as a beginner-specific ranking. Core pricing starts from 0.1 pips plus commission, and the spread-only account, starting from 1 pip with no commission, costs you at least US$10.00 per round turn. Account types are Standard, Premium, and Premium Plus. You can trade on MT5, fxTrade, and TradingView, with copy trading built into MT5 and the OANDA Mobile app on iOS and Android. CFDs cover forex, cryptos, indices, metals, shares, and commodities. You can get a demo account via a sign-up form, Messenger, or Telegram, and MT4 is not listed, a gap I note for MT4 users.

Philippine account evidence

These results come from a Philippine application and card deposit in October 2026. They are not Malaysian results, and Malaysian readers may face different review times or funding rails.

OANDA account opening and funding details

Company

OANDA Global Markets Ltd, British Virgin Islands

Regulator

the British Virgin Islands Financial Services Commission, licence SIBA/L/20/1130 register

EUR/USD spread and commission

0.1 pips minimum + commission not published, core pricing

Minimum deposit

No initial deposit required, Standard account

Platforms

MT5, fxTrade, TradingView

Standard, Pro and ECN accounts

6. MultiBank Group

Deposits at MultiBank Group run $50 on the Standard account, $1,000 on Pro, and $10,000 on ECN, and MEX Atlantic Corporation, licensed in the Cayman Islands, takes Malaysian residents. The ECN account averages 0.1 pips, and with MT4 and MT5 mobile apps on iOS and Android, you can trade on MT4, MT5, Web Trader MT4, Web Trader MT5, Social Trading, and MB Trader. I treat the deposit ladder as the main trade-off here, since the ECN pricing sits behind a $10,000 entry, and my advice is to check that figure before committing. If you want Copy Trading, it runs through Social Trading, and an Akaun Islamik (Islamic Account, also called Swap-Free Account) is available. A demo account is offered to you as well.

Company

MEX Atlantic Corporation, Cayman Islands

Regulator

the Cayman Islands Monetary Authority, licence 1811316 broker’s statement

EUR/USD spread and commission

0.1 pips average + commission not published, ECN account

Minimum deposit

$50 on the Standard account ($1,000 Pro, $10,000 ECN)

Platforms

MT4, MT5, Web Trader MT4, Web Trader MT5, Social Trading, MB Trader

ProRealTime and L2 Dealer platforms

7. IG Group

IG Group gives you a single CFD trading account with no minimum balance, and IG International Limited, licensed in Bermuda, takes Malaysian residents, so you face one account and one fee question instead of a tier menu. If you fund by card, the minimum is US$50, with no minimum for bank transfers. You can use seven platforms, namely the IG web platform, IG trading app, TradingView, MetaTrader 4, MetaTrader 5, ProRealTime, and L2 Dealer. Your free demo account carries $20,000 in virtual funds on the IG online platform, with an MT4 demo. You can trade CFDs on forex, indices, shares, commodities, cryptocurrencies, options, interest rates, bonds, and sectors, with an average spread of 1.13 pips over the 12 weeks to 29 May 2020, a figure I quote with its period attached.

Company

IG International Limited, Bermuda

Regulator

the Bermuda Monetary Authority (Investment Business licence) register

EUR/USD spread and commission

1.13 pips average (12 weeks to 29 May 2020) + no commission, CFD trading account

Minimum deposit

No minimum balance, CFD trading account (card funding minimum US$50, no minimum for bank transfers)

Platforms

IG web platform, IG trading app, TradingView, MetaTrader 4, MetaTrader 5, ProRealTime, L2 Dealer

90-day free demo

8. FOREX.com

At FOREX.com, you get a free demo that runs 90 days with $50,000 in virtual funds, and GAIN Global Markets Inc., licensed in the Cayman Islands, takes Malaysian residents. If you choose RAW Pricing, spreads start from 0.0 pips plus US$5 commission a side, so your costs run to at least US$10.00 per round turn, and the Standard Account needs a $100 deposit, a split I would cost out against expected volume before choosing. Your account options include the Standard Account, RAW Spread Account, MetaTrader 5 Account, RAW Spread MT5 Account, and MetaTrader 4 Account, plus corporate and joint accounts. You can trade on the FOREX.com Web trader, FOREX.com mobile app, TradingView, MetaTrader 4, and MetaTrader 5.

Company

GAIN Global Markets Inc., Cayman Islands

Regulator

the Cayman Islands Monetary Authority, licence 25033 register

EUR/USD spread and commission

0.0 pips minimum + $5 commission per $100k USD traded, RAW Pricing account

Minimum deposit

$100, Standard Account (FAQ: 100 of the selected base currency)

Platforms

FOREX.com Web trader, FOREX.com mobile app, TradingView, MetaTrader 4, MetaTrader 5

CMC NextGen web platform

9. CMC Markets

You can open a live trading account with CMC Markets Bermuda Limited, licensed in Bermuda, with no deposit required, and it takes Malaysian residents for its Standard (CFD trading) and FX Active accounts. If you trade FX Active, spreads are priced from 0.0 pips, and your platforms cover MetaTrader 4, MetaTrader 5, TradingView, and CMC NextGen (the Next Generation web platform). I like that a free demo runs on every platform and gives you virtual funds. Your MT4 and MT5 demos last 30 days initially and expire after 30 days inactive, while the Next Generation demo does not expire, a detail I check because demo terms vary widely across my comparisons.

Company

CMC Markets Bermuda Limited, Bermuda

Regulator

the Bermuda Monetary Authority (Investment Business licence) register

EUR/USD spread and commission

0.0 pips minimum + 0.0025% commission, FX Active account

Minimum deposit

None required to open a live trading account (no amount or currency stated), standard and FX Active accounts

Platforms

MetaTrader 4, MetaTrader 5, TradingView, CMC NextGen (Next Generation web platform)

Global, Pro and Cent accounts

10. Hantec Markets

Hantec Markets takes Malaysian residents through Hantec Markets Ltd, licensed in Mauritius, and you can start with accounts from US$10. The Global account asks US$10, the Pro account also from US$10, and a Cent account sits alongside, with Hantec Pro spreads from 0.1 pips. Your platforms include Hantec Mobile, Hantec WebTrader, Hantec Social, MT4, and MT5, with the Hantec Mobile app on iOS (App Store) and Android (Google Play, APK). If you want to practise first, a free MT4 or MT5 demo runs 30 days with a virtual balance you select from $1,000 to $50,000, and Hantec Social handles your copy trading.

Company

Hantec Markets Ltd, Mauritius

Regulator

the Financial Services Commission, Mauritius, licence C114013940 broker’s statement

EUR/USD spread and commission

0.1 pips minimum + commission from $2 per lot, Hantec Pro account

Minimum deposit

US$10, Hantec Global account (Pro account also from US$10)

Platforms

Hantec Mobile, Hantec WebTrader, Hantec Social, MT4, MT5