Skip to content
CompareForexBrokers

Lowest Spread Forex Brokers in Malaysia: the 5 on Our List With a Published EUR/USD Average

TabTrade is first on our list of five lowest-spread forex brokers in Malaysia. The company that takes Malaysian residents, TabTrade (Mauritius) Ltd, is licensed by the Financial Services Commission, Mauritius, under licence number GB26206419. It holds our published global score of 81.5, and it publishes the 0.03 pips average EUR/USD spread on its Edge account, based on Datalyst's April 2026 data.

Justin Grossbard, Co-Founder of CompareForexBrokers Written by Justin Grossbard Last updated:

Why trust Compare Forex Brokers. Our reviews are reader-supported. We may receive payment when you click a link to a partner site. Learn how we make money.

Trading Forex and CFDs with leverage poses significant risk of loss to your capital.

The 5 brokers on this page, ranked

Ordered by published average EUR/USD raw spread, lowest first; brokers that state how and when they measured come first.

  1. TabTrade - onboards Malaysian residents through TabTrade (Mauritius) Ltd
  2. IC Markets - onboards Malaysian residents through Raw Trading Ltd
  3. MultiBank Group - onboards Malaysian residents through MEX Atlantic Corporation
  4. Global Prime - onboards Malaysian residents through Gleneagle Securities Pty Limited (trading as Global Prime FX)
  5. Purple Trading - onboards Malaysian residents through AXSE Brokerage Ltd.

Which 5 brokers on our Malaysian list publish the lowest EUR/USD spread?

Offshore company: Financial Services Commission, Mauritius

1. TabTrade: onboards Malaysian residents through TabTrade (Mauritius) Ltd

81.5/100
Global score
#1 of 5 on this page
Visit TabTrade

Read our full TabTrade review

Takes Malaysian residents through: TabTrade (Mauritius) Ltd, licensed by the Financial Services Commission, Mauritius, licence GB26206419

Published average EUR/USD raw spread: 0.03 pips average, Edge account (Datalyst, April 2026)

Sources
TabTrade for Malaysian residents, as its own pages state it.
FactAs statedSource
Company that takes Malaysian residentsTabTrade (Mauritius) Ltdtabtrade.com, read 29 September 2026
Its regulatorFinancial Services Commission, Mauritius (licence GB26206419)Regulator register, read 27 September 2026
Published average EUR/USD raw spread0.03 pips average, Edge account (Datalyst, April 2026)tabtrade.com, read 29 September 2026
Account types, as statedStandard, Edge, VIP, Cent, Swap-Freetabtrade.com, read 29 September 2026
Offshore company: Financial Services Authority (Seychelles)

2. IC Markets: onboards Malaysian residents through Raw Trading Ltd

89/100
Global score
#2 of 5 on this page
Visit IC Markets

Read our full IC Markets review

Takes Malaysian residents through: Raw Trading Ltd, licensed by the Financial Services Authority (Seychelles), licence SD018

Published average EUR/USD raw spread: 0.1 pips average, Raw Spread account

Sources
IC Markets for Malaysian residents, as its own pages state it.
FactAs statedSource
Company that takes Malaysian residentsRaw Trading Ltdicmarkets.com, read 29 September 2026
Its regulatorFinancial Services Authority (Seychelles) (licence SD018)Regulator register, read 29 September 2026
Published average EUR/USD raw spread0.1 pips average, Raw Spread accountic.com, read 29 September 2026
Account types, as statedRaw Spread (MetaTrader), Raw Spread (cTrader), Standard, Swap Free; Raw Pro and Raw Pro + in early accessic.com, read 29 September 2026
Offshore company: Cayman Islands Monetary Authority

3. MultiBank Group: onboards Malaysian residents through MEX Atlantic Corporation

80.3/100
Global score
#3 of 5 on this page
Visit MultiBank Group

Read our full MultiBank Group review

Takes Malaysian residents through: MEX Atlantic Corporation, licence as the broker states it: Cayman Islands Monetary Authority

Published average EUR/USD raw spread: 0.1 pips average, ECN account

Sources
MultiBank Group for Malaysian residents, as its own pages state it.
FactAs statedSource
Company that takes Malaysian residentsMEX Atlantic Corporationmultibankfx.com, read 29 September 2026
Its regulatorCayman Islands Monetary Authority (as the broker states it)Broker statement
Published average EUR/USD raw spread0.1 pips average, ECN accountmultibankfx.com, read 29 September 2026
Account types, as statedStandard, Pro, ECN; Islamic Accountmultibankfx.com, read 29 September 2026
Offshore company: Vanuatu Financial Services Commission (VFSC)

4. Global Prime: onboards Malaysian residents through Gleneagle Securities Pty Limited (trading as Global Prime FX)

50.9/100
Global score
#4 of 5 on this page
Visit Global Prime

Read our full Global Prime review

Takes Malaysian residents through: Gleneagle Securities Pty Limited (trading as Global Prime FX), licensed by the Vanuatu Financial Services Commission (VFSC), licence Financial Dealers Licence

Published average EUR/USD raw spread: 0.1 pips average (table headed Spread Avg**), account not named on the table; Raw by inference, Standard spreads from 0.9 pips

Sources
Global Prime for Malaysian residents, as its own pages state it.
FactAs statedSource
Company that takes Malaysian residentsGleneagle Securities Pty Limited (trading as Global Prime FX)globalprime.com, read 29 September 2026
Its regulatorVanuatu Financial Services Commission (VFSC) (licence Financial Dealers Licence)Regulator register, read 29 September 2026
Published average EUR/USD raw spread0.1 pips average (table headed Spread Avg**), account not named on the table; Raw by inference, Standard spreads from 0.9 pipsglobalprime.com, read 29 September 2026
Account types, as statedStandard, Rawglobalprime.com, read 29 September 2026
Offshore company: Seychelles Financial Services Authority

5. Purple Trading: onboards Malaysian residents through AXSE Brokerage Ltd.

54.5/100
Global score
#5 of 5 on this page

Official site

Read our full Purple Trading review

Takes Malaysian residents through: AXSE Brokerage Ltd., licensed by the Seychelles Financial Services Authority, licence SD041

Published average EUR/USD raw spread: 0.3 pips average (0.00003 in price), RAW account; 1.3 pips (0.00013) Standard

Sources
Purple Trading for Malaysian residents, as its own pages state it.
FactAs statedSource
Company that takes Malaysian residentsAXSE Brokerage Ltd.purple-trading.sc, read 28 September 2026
Its regulatorSeychelles Financial Services Authority (licence SD041)Regulator register, read 29 September 2026
Published average EUR/USD raw spread0.3 pips average (0.00003 in price), RAW account; 1.3 pips (0.00013) Standardpurple-trading.sc, read 29 September 2026
Account types, as statedStandard, RAWpurple-trading.sc, read 28 September 2026

Published average EUR/USD raw spread at the 5 brokers, side by side

The table sets out the five brokers on published average EUR/USD raw spread: TabTrade, IC Markets, MultiBank Group, Global Prime, and Purple Trading. Every EUR/USD figure is the broker’s published average, and none is our measurement. TabTrade publishes 0.03 pips on the Edge account, IC Markets 0.1 pips on the Raw Spread account, MultiBank Group 0.1 pips on the ECN account, Global Prime 0.1 pips on its spreads table, and Purple Trading 0.3 pips on the RAW account. The companies that take Malaysian residents are TabTrade (Mauritius) Ltd, Raw Trading Ltd, MEX Atlantic Corporation, Gleneagle Securities Pty Limited (trading as Global Prime FX), and AXSE Brokerage Ltd.

The average EUR/USD raw spread each broker publishes, with how it says it measured, beside the company that takes Malaysian residents.
BrokerCompany that takes Malaysian residents (regulator)Published average EUR/USD raw spread, as statedAccount types, as statedSources
TabTradeTabTrade (Mauritius) Ltd (Financial Services Commission, Mauritius (licence GB26206419))0.03 pips average, Edge account (Datalyst, April 2026)Standard, Edge, VIP, Cent, Swap-Freetabtrade.com, read 29 September 2026; tabtrade.com, read 29 September 2026
IC MarketsRaw Trading Ltd (Financial Services Authority (Seychelles) (licence SD018))0.1 pips average, Raw Spread accountRaw Spread (MetaTrader), Raw Spread (cTrader), Standard, Swap Free; Raw Pro and Raw Pro + in early accessic.com, read 29 September 2026
MultiBank GroupMEX Atlantic Corporation (Cayman Islands Monetary Authority (as the broker states it))0.1 pips average, ECN accountStandard, Pro, ECN; Islamic Accountmultibankfx.com, read 29 September 2026; multibankfx.com, read 29 September 2026
Global PrimeGleneagle Securities Pty Limited (trading as Global Prime FX) (Vanuatu Financial Services Commission (VFSC) (licence Financial Dealers Licence))0.1 pips average (table headed Spread Avg**), account not named on the table; Raw by inference, Standard spreads from 0.9 pipsStandard, Rawglobalprime.com, read 29 September 2026; globalprime.com, read 29 September 2026
Purple TradingAXSE Brokerage Ltd. (Seychelles Financial Services Authority (licence SD041))0.3 pips average (0.00003 in price), RAW account; 1.3 pips (0.00013) StandardStandard, RAWpurple-trading.sc, read 29 September 2026; purple-trading.sc, read 28 September 2026

Why a low spread matters for frequent traders

A low spread matters because you pay it on every trade, so its cost grows with how often you trade. If you scalp or day trade, our scalping guide covers how spread costs fit the strategy. TabTrade also states its 0.03-pip spread produces a one-lot round-turn spread cost of US$0.30. A raw or ECN-style account quotes a narrower spread and charges a separate commission, and a standard account builds the cost into a wider spread with no commission, so your all-in cost is the spread plus any commission.

All five brokers on this page also appear among the 18 brokers in our CFD brokers comparison, so if you want a low-spread CFD broker as well, that page compares the wider field.

Bank Negara Malaysia (BNM) said on 12 July 2024: “Forex trading, except those that are carried out with banks licensed by BNM, is illegal!” The quote comes from BNM’s statement of 12 July 2024. The five brokers on this page each take Malaysian residents through companies licensed outside Malaysia, not by Malaysian regulators.

Why trust Compare Forex Brokers

Our reviews are reader-supported. We may receive payment when you click a link to a partner site. Learn how we make money.

FAQs

Which broker on this page publishes the lowest average EUR/USD spread?
TabTrade publishes the lowest average EUR/USD spread on the page: 0.03 pips on its Edge account. It states the source and period for that figure, with pricing from Datalyst reflecting one month of data for April 2026 only, correct as of May 2026, and it also states a one-lot round-turn spread cost of US$0.30. IC Markets, MultiBank Group, and Global Prime each publish 0.1 pips, and Purple Trading publishes 0.3 pips. If the lowest published average is your priority, I would start with TabTrade.
How is the list of five brokers ordered?
We put brokers that state how and when they measured their average first, then order by the published average EUR/USD raw spread, lowest first, and break ties with our published global score. TabTrade is the only one of the five that states its source and period, and its 0.03 pips is also the lowest average published on the page. IC Markets, MultiBank Group, and Global Prime each publish 0.1 pips and follow in score order, with Purple Trading publishing 0.3 pips.
What is a raw spread account, and what does zero spread mean?
A raw or ECN-style account quotes a narrower spread and charges a separate commission, while a standard account builds the cost into a wider spread with no commission. A "zero" spread is a "from" figure, the minimum quote the broker lists, not the typical or average spread. Global Prime lists Raw spreads from 0.0 pips, while the average it publishes for EUR/USD is 0.1 pips. The all-in cost of a trade is the spread plus any commission, so compare that total across account types before you judge any headline spread.
Does a raw spread account always cost less than a standard account?
No. A raw account costs less only if its commission is smaller than the spread you save against a standard account. MultiBank Group lists 0.1 pips on its ECN account against 0.8 pips on Pro and 1.5 pips on Standard, and Purple Trading lists 0.3 pips on RAW against 1.3 pips on Standard, while IC Markets charges $3.50 per lot per side, as IC Markets prints it, on its Raw Spread account. I would compare the spread plus commission at your usual trade size before choosing.
Will I pay the published average spread on every trade?
No. A published average is the broker's own figure, and the spread on any single trade can be wider or narrower than the average. In my view, the published number is a comparison point between brokers and accounts rather than a promise for each trade, so check the live spread before you trade. None of the five averages on this page is our measurement.
Do low spreads matter more if I scalp?
Yes. The spread is paid on every trade, so its total cost grows with the number of trades you place, and that matters most to scalpers and day traders. TabTrade states a one-lot round-turn spread cost of US$0.30 at 0.03 pips, and that cost recurs on every trade, so the more round turns you place, the more times you pay it. That recurrence is why I would put the published average at the centre of any scalping decision.

Related pages

About the author

Justin Grossbard, Co-Founder of CompareForexBrokers

Justin Grossbard

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.

LinkedIn · X / Twitter