Low Spread Forex Brokers In Malaysia

The best forex brokers with the lowest spreads are.

  • Eightcap - Lowest Spread Forex Broker In Malaysia
  • Pepperstone - Best Forex Broker For Standard Account
  • IC Markets - Best Forex Broker For Top Trading Platforms
  • FP Markets - Best Forex Broker For High Leverage
  • AvaTrade - Great Fixed Forex Broker
  • FXCM - Best Forex Broker For Rebates
  • Fusion Markets - Best Forex Broker For Low Commissions
Broker Our Rating Regulation Standard
EUR/USD Spread
Standard
GBP/USD Spread
Standard
AUD/USD Spread
Raw
EUR/USD Spread
Raw
GBP/USD Spread
Raw
AUD/USD Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
75 ASIC, SCB
FCA,CySEC
1.0 1.0 1.2 0.06 0.73 0.27 $3.50 143ms $250 (Raw)
$500 (Standard)
40+ 250+ 500:1 500:1 Visit Site
98 ASIC, FCA
CySEC, DFSA
1.12 1.69 1.22 0.17 0.59 0.24 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
85 ASIC, FSA-S
CySEC
0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
80 ASIC,CySEC
FSCA,FSA-S,FSC-M
1.1 1.3 1.3 0.10 0.20 0.20 $3.00 225ms $100 70+ 10+ 30:1 500:1 Visit Site
64 ASIC, FSCA
CBI, KNF, CIRO
ADGM, FSC-BVI
- - - - - - - 160ms $100 55+ 15+ 30:1 400:1 Visit Site
72 ASIC, FSCA
FCA, CIRO
BaFin, ISA, CySEC
1.3 1.4 1.7 0.30 0.90 0.40 $3.00 150ms $300 42+ 7+ 30:1 500:1 Visit Site
82 ASIC, VFSA, FSA-S 0.93 1.08 0.92 0.13 0.21 0.12 $2.25 79ms $0 90+ 10+ 500:1 500:1 Visit Site
 

What Are The Lowest Spread Forex Broker In Malaysia?

The best low-spread forex brokers in Malaysia are Eightcap, Pepperstone and IC Markets. This is because they offer low commissions, fast execution speed with the best trading platforms (like MT4), and a large variety of products to trade. Here are seven low-spread brokers that fulfil these requirements in Malaysia.

1. Eightcap LOWEST SPREAD FOREX BROKER IN MALAYSIA

Eightcap

Forex Panel Score

75

Average Spread

EUR/USD = 0.06
GBP/USD = 0.73
AUD/USD = 0.27

Trading Platforms

MT4, MT5, TradingView, Capitalise.ai

Minimum Deposit

$100

Why We Recommend Eightcap

We recommend Eightcap because it offers the lowest spread of just 0.06 for the EUR/USD pair which is 0.16 better than the industry average. In addition to this, Eightcap charges a low commission of only $3.50 for its RAW accounts as well.

Its status as a no dealing desk broker also allows it to offer 0 pip spreads for 97.83% of the time excluding the rollover period. Plus, you can take advantage of these low trading costs on the best platforms, MetaTrader 4, MetaTrader 5, and TradingView.

Pros & Cons

  • Solid collection of financial instruments
  • Supports MT4, MT5, and TradingView
  • Mobile trading via MT5 with iOS mobile app
  • Excellent 24/7 customer support
  • Regulated by the ASIC and SCB
  • Doesn’t offer an Islamic account
  • Lacks proper educational resources
  • Limited copy-trading tools and opportunities

Broker Details

Eightcap Has The Lowest Published RAW Account Spreads

Having the lowest Forex spreads for ECN-like accounts and a huge range of cryptocurrencies is why Eightcap is our best broker. This includes average spreads of under 0.3 of a pip for 5 of the 7 major currency pairs measured against the USD, the EUR/USD being the tightest.

Eightcap also boasts the lowest spreads and most diverse range of cryptocurrencies when compared to other CFD brokers. The tight spreads are due to Eightcap being a no-dealing desk broker, therefore sourcing their own liquidity. Given the execution servers share the same data centres as the institutions, Eightcap can also achieve fast execution speeds and less risk of slippage for forex traders.

As a Malaysian trader, one key benefit is having access to higher leverage for Forex trading (up to 1:500) meaning more purchasing power in the market but be aware that the use of leverage does come with high risk. Lastly, Eightcap features world-class multilingual support to suit Malay speakers with English as their second language.

Trading Accounts

Eightcap offers two account types: Standard Account and Raw Account.

Spreads start from 1.0 pips for a standard account and 0 pips for a raw account. The difference is that you pay a commission of $7 (round-trip) for a raw account and no commission but slightly wider spreads for a standard account.

If you are a beginner trader, the standard account is a good introductory account. Once you gain experience, you will want to use the RAW account as this account has the lowest trading costs. Funding is very accessible with a full array of e-payment options (including Skrill and Neteller). These funding methods come with no funding fees when making deposits or withdrawals.

To open either account, you only require $100. However, to begin trading you may need more to meet minimum margin requirements.

Eightcap Malaysia Accounts

Eigthcap’s RAW account (also known as an ECN account) has the best-published spreads as shown below. We update this data below by visiting each broker’s website, collecting their published average spread results, and combining them into the module.

ECN Broker Spreads
0.06 0.23 0.20 0.42 0.27
0.10 0.20 0.30 0.30 0.20
0.10 0.40 0.60 0.40 0.20
0.30 0.50 0.60 0.50 0.50
0.30 0.30 N/A 0.50 0.40
0.44 0.20 0.83 0.40 0.42
0.17 0.24 N/A 0.54 0.30
0.20 0.30 0.70 0.50 0.40
n/a n/a 0.30 0.60 0.50

Avg. spreads are taken from each broker's website and updated monthly. Last update on 02/01/2024

Trading Products

In terms of foreign exchange, Eightcap offers 46 major, minor, and exotic Forex markets to trade.

Where Eightcap stands out is in the crypto market, with over 250 cryptocurrencies available, including over 120 paired against the USD. This gives Eightcap the most diverse range and lowest spreads of cryptos compared to all other brokers on this list.

Another solid offering is in the choice of over 400 stocks you can trade. And if you want to maximize your leverage, you can get up to 500:1 exposure with forex derivatives.

Breaking down the cryptocurrencies further, Eightcap offers by far the best choice and tightest spreads when compared to other brokers, as highlighted below. The most notable distinction is in bitcoins, averaging 12-point spreads per coin, the nearest best, IC Markets, at 18.2 before spreads widen significantly after that.

eightcap compare eightcap crypto vs other brokers

In addition to the impressive selection of cryptocurrencies against the USD, 20 of these cryptocurrencies can also be traded against other currencies including AUD, GBP, EUR, CAN, and MXN. You can even cross-pair these cryptos against Bitcoin.

Trading Platforms

The two Forex trading platforms Eightcap offers are MetaTrader 4 and 5. MetaTrader 5 is slightly more versatile, offering WebTrader, while both MT4 and MT5 have desktop and mobile trading options.

To have access to the full range of financial instruments, you’ll need to use MT5 given it is built for centralized and decentralized trading. This means it is good for products that have a central exchange, like shares.

eightcap compare trading platform

Eightcap does offer a unique selling point for the MT4 trading platform though. Capitalise.ai is a trading tool that allows beginners with no programming expertise to automate their trading, ‘code-free’.

Eightcap ReviewVisit Eightcap

2. Pepperstone LOWEST SPREAD NO COMMISSION BROKER

Pepperstone

Forex Panel Score

98

Average Spread

EUR/USD = 0.1
GBP/USD = 0.4
AUD/USD = 0.2

Trading Platforms

MT4, MT5, cTrader, TradingView, Capitalise.ai

Minimum Deposit

$0

Why We Recommend Pepperstone

Pepperstone offers one of the lowest RAW spreads of just 0.1 pip for the EUR/USD trading pair alongside a commission of $3.50. You can also choose the Pepperstone standard account type which has zero commission while still providing a below-average spread of 1.40 across the most traded pairs.

The best feature of this Australia-based broker for us, however, is its support for all of the major trading platforms: MT4, MT5, TradingView, and even cTrader.

From our testing, Pepperstone also has an average limit order execution speed of just 77 ms — making it one of the fastest.

Pros & Cons

  • The best 24/7 customer support system
  • Regulated by FCA, ASIC, and DFSA
  • No minimum deposit for RAW accounts
  • Supports an extensive variety of payment options
  • 30-day limit on the demo account
  • Educational resources could be better
  • Limited support for crypto assets

Broker Details

Pepperstone Has The Best Standard Account Spreads

Having recently dropped their minimum spreads for standard accounts from 1.0 pips to as low as 0.6 pips, Pepperstone offers the best standard account type, despite not being a market maker.

Sourcing pricing from multiple Tier 1 banks, each of the 62 Forex markets available with Pepperstone has tight spreads across the board. This is due to better liquidity and no dealing desk, meaning prices are similar to what the institutions get themselves.

As a Malaysian trader, you can lock in prices at speeds of under 30ms due to Pepperstone having servers in the same data centres as the liquidity providers at NY4 Equinix, meaning less risk of slippage. Pepperstone customers can also enjoy trading an extensive range of 1000+ financial instruments to choose from, amongst most brokers.

On the trading tools front, Pepperstone offers SmartTrader which is a MetaTrader enhancement. SmartTrader features 28 trading apps with a range of EAs (expert advisers) and charting indicators, in addition to a range of social trading tools, each with a specific set of features, highlighted below.

Lastly, Pepperstone offers the most coverage of customer support, with 24-hour support during the week and 18-hour support on weekends.

Trading Accounts

Pepperstone offers two account types, Standard and Razor. The cTrader platform is available but only with Razor due to the platform having a commission-pay structure.

A Standard account will suit those with less trading experience who prefer long-term trades while a Razor account is for scalpers and algorithmic traders who prefer to have more analytical tools and depth of market at their disposal.

The swap-free account is a unique feature of an Islamic country like Malaysia. This account is interest-free but incurs administration fees if a trade is held for more than 10 days.

A feature of Pepperstone accounts is no minimum deposit (recommended USD 200) and a demo account is also available for both MetaTrader platforms and cTrader.

pepperstone account types brief malaysia

Standard Account Spreads

When comparing average Forex spreads to different brokers, Pepperstone has amongst the best spreads for standard accounts, highlighted below.

Pepperstone’s spreads are even competitive against market makers such as IG Markets and XTB, achieving tighter spreads across three USD base currency pairs, EUR, GBP, and JPY, for no commission accounts.

Standard Account Spreads
1.10 1.20 1.40 1.40 1.40
0.62 0.77 1.27 0.83 0.74
1.10 1.20 1.30 1.30 1.30
0.90 1.10 1.50 1.50 1.00
1.20 0.90 1.50 1.80 1.80
1.20 1.40 1.50 1.60 1.50
1.10 1.20 1.40 1.50 1.20
1.20 1.30 1.20 1.30 1.10
1.70 1.60 1.70 2.00 1.60
1.20 1.80 1.90 1.90 1.60

Avg. spreads are taken from each broker's website and updated monthly. Last update on 02/01/2024

Trading Products

Pepperstone has over 1200 trading derivatives across Forex, cryptos, commodities, indices, stocks, and ETFs (exchange-traded funds) to choose from. This includes 62 Forex pairs with access to leverage of up to 200:1 for retail clients and 500:1 for professional accounts.

A large range of stock and ETF CFD trading options from 35 countries gives Pepperstone that extra diversity in its trading products.

Pepperstone Products Malaysia

Trading Platforms

Pepperstone has three trading platforms: MetaTrader 4 and 5 as well as cTrader.

MetaTrader 5 is the most robust platform, designed for experienced traders. MetaTrader 4 also has a range of customisable features including Smart Trader and Autochartist. Both have access to Smart Trader Tools.

cTrader is an extra platform that specializes in market depth and algorithmic trading, the latter of which it delivers via an intuitive tool called cTrader Automate.

For additional trading tools, Pepperstone’s social trading tools include MetaTrader Signals, Myfxbook (copy trading) and DupliTrade (marketplace signals) which can be integrated with the MT4 platform. These allow you access to trading signals and strategies used by other traders.

3. IC Markets BEST LOW SPREAD FOREX TRADING PLATFORM

IC Markets

Forex Panel Score

85

Average Spread

EUR/USD = 0.02
GBP/USD = 0.23
AUD/USD = 0.17

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit

$200

Why We Recommend IC Markets

We recommend IC Markets for its tight RAW spreads. We combined the average spreads of the 5 major pairs and found the broker has an overall average of just 0.16 pips, making them one of the best brokers for low spreads. These low spreads are possible because IC Markets is also a no-dealing desk and STP broker.

IC Markets also combines its low spreads with a commission of just $3.50 — making it one of the most cost-effective forex brokers in Malaysia.

Pros & Cons

  • Supports MT4, MT5, and cTrader trading apps
  • Offers an interest-free Islamic account
  • Good range of available trading markets
  • Regulated by CySEC in Cyprus and FSA-S
  • Below-average order execution speeds
  • No negative balance protection for non-EU traders
  • Limited in-house research data
  • Doesn’t provide a dedicated account manager

Broker Details

IC Markets In Testing Has Superior Spreads

Providing multiple platforms packed full of intuitive trading tools and features, IC Markets is our choice for top trading platforms overall.

The competitive advantage for IC Markets is in the advanced MetaTrader 4 trading tools available. These include economic calendars, alert managers, sentiment tools, and custom trading terminals for a sophisticated trading experience.

As well as exclusive MT4 and MT5 features, IC Markets also offers MT platforms for web trading, your iPhone, Android, or Mac to suit your trading style and location. This applies to the cTrader platforms too which also has an exclusive cAlgo platform for algorithmic traders.

Boasting the tag of the largest Forex broker on trading volume data, IC Markets offers deep liquidity meaning it is a good choice for competitive spreads.

For those who prefer automated trading, IC Markets has low latency due to the Equinix NY4 data centre location with two-thirds of their trading coming from automated trading systems.

Trading Accounts

The two account types IC Markets offers are Standard and Raw Spread, with Raw Spread providing the option of MetaTrader or cTrader platforms.

Their unique Raw Spread account sources top liquidity providers to offer superior trading conditions that suit those who prefer day trading and scalping. Commissions for this account are USD 3.50/$7.00 for each standard lot. $200 is recommended to open an account unless you can meet margin requirements to open for less.

IC Markets Account Types Malaysia

Trading Products

IC Markets has one of the biggest ranges of trading products with 64 currency pairs, 22 commodities, 11 bonds, 18 cryptos, 4 global futures, and over 1600 stocks to choose from.

This includes good leverage available for commodities (500:1), bonds (200:1), and indices (200:1) for higher buying power and risk exposure.

One caveat, you have to use the MT5 trading platform to trade ASX, NASDAQ, and NYSE stocks.

ic markets trading products malaysia

Trading Platforms

Like Pepperstone, IC offers three main platform options in MetaTrader 4, 5, and cTrader.

MT4 is the most popular trading platform, while MT5 has more advanced features as well as the ability to trade more markets.

The MT4 platform has the best range of trading tools, featuring 20 exclusive tools to give your trading experience a competitive edge.

IC Markets Trading Platforms

For additional trading tools, IC Market’s social trading tools include MetaTrader Signals, Myfxbook (copy trading) and DupliTrade (marketplace signals) which can be integrated with the MT4 platform. These allow you access to trading signals and strategies used by other traders.

4. FP Markets GREAT LOW SPREAD BROKER FOR SCALPING

FP Markets

Forex Panel Score

80

Average Spread

EUR/USD = 0.1
GBP/USD = 0.2
AUD/USD = 0.2

Trading Platforms

MT4, MT5

Minimum Deposit

$100

Why We Recommend FP Markets

FP Markets offers an ECN account with extremely tight spreads that go as low as 0.1 pip for the EUR/USD pair. Its RAW spread for the five most popular trading pairs is also just 0.22; which is 0.22 pips lower than the industry average.

This, combined with the low commission of $3.00 makes FP Markets a great choice for scalping in our experience.

Not to mention FP market’s support for MT4 and MT5 trading platforms — allowing you to utilise the best trading tools.

Pros & Cons

  • Offers a swap-free Islamic account
  • Responsive 24/7 customer service
  • Very tight ECN spreads for RAW accounts
  • 63 forex trading pairs and 12 cryptos
  • Relatively high order execution speed
  • $100 minimum deposit for the standard account
  • Doesn’t support cTrader or TradingView

Broker Details

FP Markets Offers Up to 500:1 Leverage

Our pick for top high-leverage broker, FP Markets offers up to 500:1 for Forex and Gold, up to 200:1 for major indices, and up to 100:1 for minor indices and other commodities. This gives you more freedom in risk exposure with the potential to maximize your returns.

On the trading side, Forex spreads are competitive, starting from 0 pips due to deep liquidity from top-tier institutions. FP Markets also has robust risk management tools, particularly Traders Toolbox and Autochartist, for real-time market analysis and powerful technical analysis. A unique benefit includes access to pre-open market price movements so you can get in on the action before the bell.

Another tool, Forex Trading Calendar, lets you assess market risks right there on their website to calculate margin requirements, convert live exchange rates and project your profit or loss.

Lastly, FP Markets features unique education resources in their demo account, including charting tools and volatility analysis, to develop your Forex strategy before you trade live. Multilingual customer support is another great benefit for Malay speakers.

Trading Accounts

The main two account types with this brokerage are the Standard and Raw Accounts. FP Markets also offers an Islamic account for Muslim clients in accordance with Islamic Finance Law.

The minimum deposit is just $100 AUD (or 300 Malaysian Ringgit) to open an account.

With ECN pricing, there is no dealing desk, meaning the spreads are similar to the prices liquidity providers set as the market price.

FP Markets Trading Accounts Malaysia

Trading Products

FP Markets offers over 60 Forex currency pairs with leverage of up to 500:1. There is also a range of indices, commodities, shares, and crypto instruments, albeit a little light compared to some other brokers.

One major selling point of using FP Markets as a broker is the maximum leverage available across the board, particularly Forex (500:1), major indices (200:1), and gold (500:1).

This means you can trade major forex pairs such as GBP/USD, USD/JPY, and AUD/USD as well as minor pairs such as EUR/GBP, EUR/AUD, and CHF/JPY with the maximum leverage.

For crypto traders, FP Markets has only a limited variety of products compared to other brokers. Also, the majority of share CFDs are only available using the MT5 trading platform for Malaysian traders.

FP Markets Products

Trading Platforms

FP Markets offers two main trading platforms, MT4 and MT5. Their Traders Toolbox can be integrated with MT4 and is suited for day traders as it houses a suite of 12 online trading tools.

Features include news feeds with trader toolbox connect, a correlation trader to find correlations between trading symbols, and an alarm manager for trading notifications.

FP Markets Trading Platforms

AutoChartist allows advanced charting for MT4, while Myfxbook AutoTrade is for copy trading. FP Markets’ own Trading Platform is available should you wish to social trade via your mobile.

5. AvaTrade Best Broker For Day-Trading

AvaTrade

Forex Panel Score

64

Average Spread

EUR/USD = 0.9
GBP/USD = 1.5
AUD/USD = 1.1

Trading Platforms

MT4, MT5, AvaTradeGo, AvaOptions

Minimum Deposit

$100

Why We Recommend AvaTrade

AvaTrade also offers a fixed spread starting from just 0.9 for the EUR/USD pair. Plus, it does not charge any commission either.

In addition to this, AvaTrade is a market maker that operates like a no-dealing desk forex broker. This means that it allows both day-trading and scalping.

This unique model makes the cost of your trades on this FSC-BVI-regulated forex broker more predictable which, in turn, makes it the ideal broker for day trading in our opinion.

Pros & Cons

  • Lowest fixed spread on the market
  • Good in-house trading platform
  • Zero commission on all trades
  • Supports both MetaTrader 4 and 5
  • Doesn’t support PayPal
  • No option to choose a RAW account
  • Minimum deposit fee of $100

Broker Details

AvaTrade Offers Unique Risk Management Features

Don’t just take brand ambassador Usain Bolt’s word for it, AvaTrade is a bonafide fixed spread broker specialist, winning both the best fixed and lowest spread broker for 2021.

AvaTrade also has a great range of social trading tools including DupliTrade, ZuluTrade, and AvaSocial. DupliTrade and ZuluTrade offer a mixed array of trading robots you can utilize which integrate directly with MT4 while AvaSocial allows you to connect with successful traders via the intuitive AvaSocial app.

AVATradeGo is another useful in-house mobile trading app that gives access to up-to-date market news and movements. This includes a unique risk management tool called AvaProtect, which protects you from potential trading losses of up to a million dollars, for a small hedging fee cost.

Trading Accounts

AvaTrade’s main account type is specifically designed for retail investors. You can also open an Islamic account as AvaTrade is Sharia-compliant.

Like FP Markets, it’s only $100 (300 ringgit) to open an account (across all major currencies) which you can deposit using a range of E-Payment deposit options including Neteller and Skrill.

avatrade trading accounts malaysia

AvaTrade Spreads

The module below highlights that AvaTrade’s fixed spreads are the best in the Forex markets across most currency pairs, even better than some standard account spreads as shown in the Pepperstone section.

Trading Products

There is something for everyone with AvaTrade. Trading products encompass the full spectrum of Forex, stocks, commodities, bonds, indices, cryptos, and ETFs. The unique offering is in the Forex options available to trade using their AvaOptions platform.

These trading products can all be easily traded using their user-friendly trading platforms.

While AvaTrade is a fixed spread broker, please note that these spreads are not always entirely fixed and can vary depending on market conditions.

avatrade trading product malaysia

Trading Platforms

AvaTrade offers one of the largest ranges of trading platforms to suit your trading style and market preferences.

Along with the MT4 and MT5 trading platforms, you can use WebTrader, designed for all levels of trading with its easy-to-use and modern interface, as well as the AVATradeGo app which boasts advanced features for a more customized trading experience.

AvaOptions is an additional platform, not offered by other brokers, to trade call and put options which gives you access to a bigger range of financial instruments.

avatrade trading platform

AvaTrade also has a good range of copy trading and social trading signals.

avatrade auto trading platform

Overall, fixed spreads are designed for beginner traders or low-risk traders and AvaTrade is the best in this category based on spreads and trading platforms offered.

6. FXCM Good Broker For High Volume Trading

FXCM

Forex Panel Score

72

Average Spread

EUR/USD = 0.3
GBP/USD = 0.9
AUD/USD = 0.4

Trading Platforms

MT4, TradingView, Trading Station, Capitalise.ai

Minimum Deposit

$50

Why We Recommend FXCM

FXCM offers one of the most generous rebate programs for high-volume traders which is why we chose it for this list. This rebate program goes up to tier 5 at which point you receive $25 back for every million USD in trades in one month.

FXCM also offers some good RAW spreads like 0.6 pip for the USD/CAD which is 0.6 lower than the industry average.

This FSCA-regulated broker also supports both MetaTrader 4 and TradingView as well. It also has an in-house trading app called Trading Station which includes robust charting tools.

Pros & Cons

  • Supports a large variety of payment options
  • Regulated by 7 different regulatory bodies
  • No withdrawal fees with credit/debit cards
  • Generous rebate program for active traders
  • A minimum deposit of $300 for the standard account
  • Doesn’t support MetaTrader 5 and cTrader
  • Lack of useful educational resources

Broker Details

FXCM Offers The Best Trading Rebates

FXCM’s competitive advantage comes in the form of a robust rebate program which is tiered based on a notional volume per USD 10 million, suited for high-volume trading.

FXCM also has one of the fastest execution speeds of any broker on our list. This is in large part due to Trading Station (launched in 1999), one of the first platforms to give traders direct access to Forex markets.

As such, Trading Station has evolved over the last 20 years to become a powerful platform. Designed for any level of trader, it features robust charting tools for technical analysis as well as preloaded metrics that measure volume, market depth, and trader sentiment.

Winning awards for best zero commission and best FX broker in 2021, FXCM specializes in Forex with the MT4 platform integrating seamlessly for Forex trading.

Trading Account

FXCM keeps it simple with one account option that is set up according to your country of residence and platform of choice. This tailors your account to your specific trading needs.

With a minimum deposit of $50 for Malaysian traders, FXCM has a range of funding methods to start trading whilst working with some of the biggest global liquidity providers.

Leverage of up to 400:1 is available but only if you have an account balance of $50,000 or under.

FXCM Account Types Malaysia

Trading Products

FXCM has a smaller range of markets to trade across Forex, indices, commodities, shares, and cryptos’ It also offers over 400 stocks to trade as well as baskets in FX and stocks where you can speculate on a broader sector rather than just individual markets.

A benefit of FXCM is having the freedom to place stop and limit orders with no restrictions due to an improved execution system. This means better control of your risk portfolio.

FXCM Products International

Trading Platforms

FXCM’s Trading Station is the big selling point, which allows you to trade using multiple trading platforms across Mac, Android, and iOS devices, particularly their Web 2.0 platform, which is designed for HTML5 and perfect for Mac users.

The platform offers powerful analytical tools including charting indicators, news and calendar alerts, and the ability to store your profile in the platform cloud.

Capitalise.ai is a new and interesting platform that allows you to automate your trading with no programming knowledge. The platform uses AI and machine learning to find the best trading opportunities and execute the trades. The platform can be used as a standalone or integrated with Trading Station.

FXCM Platforms International

Other trading platforms include MetaTrader 4, NinjaTrader (for more advanced analytics and charting), and the social platform, ZuluTrade as well as the social network platform, TraderView Pro.

7. Fusion Markets LOWEST COMMISSION FOREX BROKERS

Fusion Markets

Forex Panel Score

82

Average Spread

EUR/USD = 0.13
GBP/USD = 0.21
AUD/USD = 0.12

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit

$0

Why We Recommend Fusion Markets

At just $2.25, Fusion Markets has the lowest commission on the market which is $1.23 less than the industry average of $3.48.

Additionally, we tested the RAW spreads of the most popular forex brokers and Fusion Markets had the lowest RAW spread for EUR/USD at just 0.22 pips.

You can utilise these low trading costs with both MetaTrader 4 and MetaTrader 5.

Pros & Cons

  • Has the lowest commission for RAW account
  • Lowest tested spread for EUR/USD
  • Very fast order execution speed
  • Supports both MetaTrader 4 and 5
  • No Islamic trading account
  • Very limited educational resources
  • Charges an inactivity fee after one year

Broker Details

Fusion Offers $2.25 Commission Per 100,000 Units Traded

Featuring zero commissions for their classic account and as low as $4.50 (round turn) for their zero accounts, Fusion Markets has the lowest commissions of any Forex broker.

Fusion Markets also offers over 90 Forex currency pairs to trade, the most compared to the brokers on this list, with leverage of up to 500:1.

Trading Accounts

Offering a choice of classic or zero account types, the trading account features is where Fusion Markets stands out. In addition to having the lowest commissions, Fusion Markets also boasts no deposit fees. In addition to multiple e-payment options, Fusion Markets’ funding methods feature includes local transfers from Malaysian bank accounts.

fusion trading accounts malaysia

Trading Products

With over 90 Forex Pairs, Fusion Markets has amongst the highest offering of foreign exchange markets to trade.

While not extensive, Fusion Markets also offers a good balance of other trading product options across Indices, Shares, Commodities, and Cryptos.

Please be aware though, you can only trade share CFDs with MT5.

Trading Platforms

Fusion Markets only offers the two standard trading platforms, MetaTrader 4 and 5, but they both have different but unique features.

MT4 has 30 trading indicators, 33 analytical tools, and the ability to hedge.

Their MT5 platform is provided by MetaQuotes and powered by Fusion Markets itself, giving the broker a competitive advantage when it comes to multi-asset trading and additional features, including 33 trading indicators, 68 analytical tools, and one-click trading.

fusion markets trading platforms

There is also Myfxbook for auto trading, DupliTrade for copy trading, and the bonus option for virtual trading using a Sponsored VPS.