This page is a desk-based comparison built from each broker's published pricing and terms and our recorded data; we have not tested these accounts except in our recorded tests.
How do the CFD brokers for Malaysian residents compare?
| # | Broker | Score /100 | CFD markets | Platforms | Visit broker | More details |
|---|---|---|---|---|---|---|
| 1 |  Pepperstone#1 Highest score, globalMT4, MT5, cTrader, TradingView | 93.5Global score | forex, indices, shares, commodities, cryptos, ETFs |  MT4 MT5 TradingView cTrader+1 more platform, listed in this broker's detailsPepperstone platform and app, MT4, MT5, TradingView, cTrader | Visit Pepperstone | |
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| 2 |  IC MarketsRaw Spread and Swap Free | 89Global score | forex, commodities, indices, bonds, cryptocurrency, stocks, futures | MT4MT5cTraderTradingView+1 more platform, listed in this broker's detailsMT4, MT5, cTrader, TradingView, IC mobile app | Visit IC Markets | |
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| 3 |  OANDAfxTrade and TradingView platforms | 88.3Global score | forex, cryptos, indices, metals, shares, commodities | MT5fxTradeTradingView | Official site of OANDA | |
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| 4 |  TabTradeLowest average EUR/USD spread | 81.5Global score | forex, indices, metals, shares, commodities | MT5 (TradingView and cTrader coming soon) | Visit TabTrade | |
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| 5 |  MultiBank GroupStandard, Pro and ECN accounts | 80.3Global score | forex, metals, cryptocurrencies, commodities, indices, shares | MT4MT5Web Trader MT4Web Trader MT5+2 more platforms, listed in this broker's detailsMT4, MT5, Web Trader MT4, Web Trader MT5, Social Trading, MB Trader | Visit MultiBank Group | |
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| 6 |  Fintrix MarketsZero, Standard and Cent accounts | 73Global score | Forex, metals, indices, commodities, equities, cryptos (Cent account: forex, metals, Bitcoin) | MetaTrader 4MetaTrader 5WebTraderSocial trading | Visit Fintrix Markets | |
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| 7 |  IG GroupProRealTime and L2 Dealer platforms | 68.2Global score | forex, indices, shares, commodities, cryptocurrencies, options, interest rates, bonds, sectors | IG web platformTradingViewMetaTrader 4MetaTrader 5+3 more platforms, listed in this broker's detailsIG web platform, IG trading app, TradingView, MetaTrader 4, MetaTrader 5, ProRealTime, L2 Dealer | Visit IG Group | |
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| 8 |  FOREX.com90-day free demo | 67.6Global score | forex, indices, commodities, cryptocurrencies, stock CFDs, ETFs, gold and silver | FOREX.com Web traderTradingViewMetaTrader 4MetaTrader 5+1 more platform, listed in this broker's detailsFOREX.com Web trader, FOREX.com mobile app, TradingView, MetaTrader 4, MetaTrader 5 | Visit FOREX.com | |
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| 9 |  CMC MarketsCMC NextGen web platform | 64.6Global score | forex, indices, commodities, shares, ETFs, share baskets, rates and bonds, cryptocurrencies | MetaTrader 4MetaTrader 5TradingViewCMC NextGen (Next Generation web platform) | Official site of CMC Markets | |
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| 10 |  Hantec MarketsGlobal, Pro and Cent accounts | 64Global score | forex, indices, stocks, metals, commodities, cryptocurrency | Hantec MobileHantec WebTraderMT4MT5+1 more platform, listed in this broker's detailsHantec Mobile, Hantec WebTrader, Hantec Social, MT4, MT5 | Visit Hantec Markets | |
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| 11 |  Saxo MarketsClassic, Platinum and VIP tiers | 60.1Global score | Index, stock and ETF, commodity and bond CFDs; spot FX | SaxoInvestorSaxoTraderTradingViewMultiCharts+1 more platform, listed in this broker's detailsSaxoInvestor, SaxoTrader, TradingView, MultiCharts, OpenAPI for Excel | Visit Saxo Markets | |
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| 12 |  XTBxStation 5 platform | 57.3Global score | forex, indices, commodities, stock CFDs, ETF CFDs, crypto | xStation 5XTB mobile appweb platform (desktop and mobile, iOS and Android) | Official site of XTB | |
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| 13 |  eToroCopyTrader and SmartPortfolio | 54.9Global score | forex, indices, commodities, shares, ETFs, crypto | eToro web platformeToro mobile app | Visit eToro | |
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| 14 |  Purple TradingcTrader Copy trading | 54.5Global score | forex, indices, metals, energies | cTraderTradingViewMT4MT5+1 more platform, listed in this broker's detailscTrader, cTrader Copy, TradingView, MT4, MT5 | Official site of Purple Trading | |
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| 15 |  ATC BrokersProprietary MT5 plug-in | 43.7Global score | Forex, indices, commodities, cryptocurrencies | MT5 (MetaTrader 5)with ATC proprietary MT5 plug-in | Visit ATC Brokers | |
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A bare "$" is printed as the broker prints it; "US$" appears only where a broker names US dollars. Each broker's "+" details carry a one-word licence basis: "register" where we read the regulator's register, "broker's statement" where we did not. The brokers' companies are licensed in Belize, Bermuda, British Virgin Islands, Cayman Islands, Denmark, Mauritius, Seychelles, and The Bahamas, and we read their pages from a Malaysian connection on 29 and 30 September 2026.
EUR/USD spreads, commissions and minimum deposits for these brokers: Best Forex Brokers in Malaysia (2026).
Key sections
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.
The best CFD brokers in Malaysia, ranked
Ordered by our global score, highest first.
- Pepperstone - Razor account EUR/USD from 0.0 pips minimum
- IC Markets - copy trading through IC Social, ZuluTrade, and Signal Start
- OANDA - core pricing from 0.1 pips minimum plus commission
- TabTrade - MT5 broker with EUR/USD averaging 0.03 pips
- MultiBank Group - Akaun Islamik swap-free account and Social Trading platform
- Fintrix Markets - free demo with US$100,000 virtual funds
- IG Group - CFDs on options, interest rates, bonds, and sectors
- FOREX.com - Standard, RAW Spread, MetaTrader 4, and MetaTrader 5 accounts
- CMC Markets - share baskets among its CFD classes
- Hantec Markets - minimum deposit US$10, demo with selectable balance
- Saxo Markets - SaxoTrader and SaxoInvestor with TradingView and MultiCharts
- XTB - Swap Free account opens from US$1
- eToro - first deposit from US$50 on personal accounts
- Purple Trading - RAW account EUR/USD spread averaging 0.3 pips
- ATC Brokers - demo lasting 60 days, ongoing for live account holders
CFD broker reviews for Malaysian residents
1. Pepperstone
Pepperstone takes Malaysian residents through Pepperstone Markets Limited (The Bahamas) and offers CFDs including forex and indices. Standard and Razor accounts have a $0 minimum deposit and a minimum funding amount of $10 or local equivalent. The Razor account quotes EUR/USD from 0.0 pips minimum, and a free demo has an unlimited virtual balance.
- Company
- Pepperstone Markets Limited, The Bahamas
- Regulator
- the Securities Commission of The Bahamas, licence SIA-F217 register
- CFD markets
- forex, indices, shares, commodities, cryptos, ETFs
Sources for Pepperstone
- pepperstone.com (takes Malaysians), read 30 September 2026
- pepperstone.com (CFD markets), read 29 September 2026
2. IC Markets
IC Markets takes Malaysian residents through Raw Trading Ltd (Seychelles) and quotes an average EUR/USD spread of 0.1 pips on the Raw Spread account. Its CFDs include forex, commodities, and indices, with a $0 minimum deposit on Raw Spread (MetaTrader), Raw Spread (cTrader), and Standard accounts. IC Markets offers a free demo.
- Company
- Raw Trading Ltd, Seychelles
- Regulator
- the Financial Services Authority of Seychelles, licence SD018 register
- CFD markets
- forex, commodities, indices, bonds, cryptocurrency, stocks, futures
3. OANDA
OANDA takes Malaysian residents through OANDA Global Markets Ltd (British Virgin Islands) and offers CFDs including forex, cryptos, indices, and metals. EUR/USD is from 0.1 pips minimum on core pricing, plus commission, and no initial deposit is required on the Standard account. A demo comes via a sign-up form, Messenger, or Telegram.
- Company
- OANDA Global Markets Ltd, British Virgin Islands
- Regulator
- the British Virgin Islands Financial Services Commission, licence SIBA/L/20/1130 register
- CFD markets
- forex, cryptos, indices, metals, shares, commodities
Sources for OANDA
- help.oanda.com (takes Malaysians), read 29 September 2026
- oanda.com (CFD markets), read 28 September 2026
4. TabTrade
CFDs across forex, indices, metals, shares, and commodities are available to you, and MT5 is the only platform TabTrade offers. The Edge account averages 0.03 pips on EUR/USD, and both the Standard and Edge accounts open with a $0 minimum deposit. TabTrade Social, operated by Pelican, handles copy trading, and a Swap-Free Account is offered in supported regions, with a service fee every seven calendar days. TabTrade takes Malaysian residents through TabTrade (Mauritius) Ltd (Mauritius).
- Company
- TabTrade (Mauritius) Ltd, Mauritius
- Regulator
- the Financial Services Commission, Mauritius, licence GB26206419 register
- CFD markets
- forex, indices, metals, shares, commodities
Sources for TabTrade
- tabtrade.com (takes Malaysians, CFD markets), read 29 September 2026
5. MultiBank Group
MultiBank Group takes Malaysian residents through MEX Atlantic Corporation (Cayman Islands) and offers Akaun Islamik, the Islamic Account also called a Swap-Free Account. The ECN account averages 0.1 pips on EUR/USD and minimum deposits are $50 on Standard, $1,000 on Pro, and $10,000 on ECN. MultiBank Group offers a demo account.
- Company
- MEX Atlantic Corporation, Cayman Islands
- Regulator
- the Cayman Islands Monetary Authority, licence 1811316 broker’s statement
- CFD markets
- forex, metals, cryptocurrencies, commodities, indices, shares
Sources for MultiBank Group
- multibankfx.com (takes Malaysians), read 30 September 2026
- multibankfx.com (CFD markets), read 29 September 2026
6. 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.
Fintrix Markets takes Malaysian residents through Fintrix Markets Ltd (Mauritius) and offers a free demo with US$100,000 in virtual funds, expiring after 45 days (non-expiry on request). Deposits are US$0 on Standard, US$200 on Zero, and US$10 on Cent, and EUR/USD is quoted from 0.0 pips minimum on the Zero account.
- Company
- Fintrix Markets Ltd, Mauritius
- Regulator
- the Financial Services Commission, Mauritius, licence GB22200883 broker’s statement
- CFD markets
- Forex, metals, indices, commodities, equities, cryptos (Cent account: forex, metals, Bitcoin)
Sources for Fintrix Markets
- fintrixmarkets.com (takes Malaysians), read 29 September 2026
- fintrixmarkets.com (CFD markets), read 28 September 2026
7. IG Group
No minimum balance applies to the CFD trading account, card funding starts at US$50 with no minimum for bank transfers, and a free demo carries $20,000 in virtual funds. IG Group takes Malaysian residents through IG International Limited (Bermuda). Options, interest rates, bonds, and sectors join forex and indices in its CFD range.
- Company
- IG International Limited, Bermuda
- Regulator
- the Bermuda Monetary Authority (Investment Business licence) register
- CFD markets
- forex, indices, shares, commodities, cryptocurrencies, options, interest rates, bonds, sectors
Sources for IG Group
- live.client-onboarding.ig.com (takes Malaysians), read 30 September 2026
- ig.com (CFD markets), read 29 September 2026
8. FOREX.com
FOREX.com takes Malaysian residents through GAIN Global Markets Inc. (Cayman Islands) and offers CFDs including forex, indices, and commodities. EUR/USD starts at 0.0 pips minimum on the RAW Pricing account, a $100 minimum deposit applies to the Standard Account, and a free demo runs 90 days with $50,000 in virtual funds.
- Company
- GAIN Global Markets Inc., Cayman Islands
- Regulator
- the Cayman Islands Monetary Authority, licence 25033 register
- CFD markets
- forex, indices, commodities, cryptocurrencies, stock CFDs, ETFs, gold and silver
Sources for FOREX.com
- application.forex.com (takes Malaysians), read 30 September 2026
- forex.com (CFD markets), read 29 September 2026
9. CMC Markets
No deposit is required to open a live account, and CFDs include forex, indices, commodities, and shares. CMC Markets takes Malaysian residents through CMC Markets Bermuda Limited (Bermuda). EUR/USD runs from 0.0 pips minimum on the FX Active account, and CMC Markets offers a free demo on all platforms.
- Company
- CMC Markets Bermuda Limited, Bermuda
- Regulator
- the Bermuda Monetary Authority (Investment Business licence) register
- CFD markets
- forex, indices, commodities, shares, ETFs, share baskets, rates and bonds, cryptocurrencies
Sources for CMC Markets
- signup.cmcmarkets.com (takes Malaysians), read 30 September 2026
- cmcmarkets.com (CFD markets), read 29 September 2026
10. Hantec Markets
The Hantec Pro account prices EUR/USD from 0.1 pips minimum. Hantec Markets takes Malaysian residents through Hantec Markets Ltd (Mauritius). Its CFDs include forex and indices. Global and Pro accounts open from US$10, and a free MT4 or MT5 demo runs 30 days with a virtual balance selectable from $1,000 to $50,000.
- Company
- Hantec Markets Ltd, Mauritius
- Regulator
- the Financial Services Commission, Mauritius, licence C114013940 broker’s statement
- CFD markets
- forex, indices, stocks, metals, commodities, cryptocurrency
Sources for Hantec Markets
- hmarkets.com (takes Malaysians), read 30 September 2026
- hmarkets.com (CFD markets), read 29 September 2026
Other CFD brokers that take Malaysian residents
11. Saxo Markets 60.1/100
Saxo Bank A/S, Denmark; Danish Financial Supervisory Authority broker’s statement
Saxo Markets gives you a 20-day demo account with simulated US$100,000, plus SaxoTrader and SaxoInvestor platforms.
12. XTB 57.3/100
XTB International Limited, Belize; Financial Services Commission of Belize register
XTB's EUR/USD spread is 1.1 pips as a live quote on its CFD account.
13. eToro 54.9/100
eToro (Seychelles) Limited, Seychelles; Financial Services Authority of Seychelles register
eToro's free Virtual Portfolio demo gives you $100,000 in virtual funds for CFD practice.
14. Purple Trading 54.5/100
AXSE Brokerage Ltd., Seychelles; Financial Services Authority of Seychelles register
Purple Trading sets a $500 minimum deposit on both its Standard and RAW accounts.
15. ATC Brokers 43.7/100
ATC Brokers Limited (Cayman Islands), Cayman Islands; Cayman Islands Monetary Authority register
ATC Brokers requires a US$2,000 minimum deposit on individual, joint, and corporate accounts.
The brokers on this page take Malaysian residents through companies licensed outside Malaysia, not by Malaysian regulators. Bank Negara Malaysia (BNM) said on 12 July 2024: “Forex trading, except those that are carried out with banks licensed by BNM, is illegal!” You can read BNM’s statement of 12 July 2024.
What is a CFD?
A CFD is a contract for difference: an agreement that pays you the change in an asset’s price between opening and closing the position, without you owning the asset. Your costs are the spread, any commission, and overnight financing. CFDs trade on margin, so you post only part of the position’s value, and a small price move can cost more than that margin.
Which CFD brokers offer the most markets?
The chart covers six CFD market classes (forex, indices, shares, commodities, crypto, and ETFs) across 15 brokers. All 15 name indices and commodities, with metals and energies counted as commodities, and Pepperstone, FOREX.com, CMC Markets, XTB, and eToro name all six. TabTrade is charted with four classes (forex, indices, shares, and commodities), no ETFs, and no crypto because its crypto CFDs are not available through TabTrade (Mauritius) Ltd. Purple Trading is charted with forex, indices, and commodities from AXSE Brokerage’s list of symbols, which names no share or crypto CFDs. For gold CFDs, see Best Gold Trading Platforms in Malaysia (2026).
Which CFD trading platforms can Malaysian traders use?
MT5 is available at 12 of the 15 brokers, MT4 at 9, TradingView at 8, and cTrader at 3. TabTrade offers MT5 only. Pepperstone, IC Markets, and Purple Trading offer all four. If you trade on MT4, our Best MT4 Brokers in Malaysia (2026) page ranks the brokers that offer it, and our Best Forex Trading Apps in Malaysia (2026) page covers the apps you can use.
How much margin does a CFD position need?
A CFD position’s margin is its notional value divided by the leverage you enter, so higher leverage lowers the requirement. The calculator below takes three inputs: the currency pair, the number of lots, and a leverage figure, and works out your margin.
What does a CFD trade cost?
TabTrade’s Edge account averages 0.03 pips on EUR/USD, the lowest published average. IC Markets and MultiBank Group average 0.1 pips, Purple Trading 0.3 pips. Pepperstone, Fintrix Markets, FOREX.com, and CMC Markets advertise 0.0 pips minimum, “from” figures, a different measure not compared with averages. A 1.0 lot round turn costs at least US$10.00 at OANDA and FOREX.com. Financing and commissions vary by account, and a swap-free account removes the overnight swap; some brokers charge their own fee instead, and our Best Islamic Forex Accounts in Malaysia (2026) page compares the swap-free accounts. See Lowest Spread Forex Brokers in Malaysia (2026) and Best Forex Brokers in Malaysia (2026).
FAQs
What is CFD trading and how does it work?
Which is the best CFD broker for Malaysian traders?
Which CFD brokers offer share CFDs to Malaysian residents?
How is a share CFD different from owning the share?
What does a CFD trade cost?
Which CFD trading platforms can Malaysian residents use?
Related pages
- Best Forex Brokers in Malaysia (2026)
- Best MT4 Brokers in Malaysia (2026)
- Best MT5 Brokers in Malaysia (2026)
- Best Islamic Forex Accounts in Malaysia (2026)
- Best Copy Trading Platforms in Malaysia (2026)
- Best Forex Trading Apps in Malaysia (2026)
- Lowest Spread Forex Brokers in Malaysia (2026)
- Best Forex Demo Accounts in Malaysia (2026)
About the author
Justin Grossbard is the Co-Founder and CEO of CompareForexBrokers, which he established with Noam Korbl in 2014. He has over 20 years of professional experience in online marketing and holds a Master's in Marketing from Monash University.
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