Low spread brokers that take Malaysian residents, compared
| # | Broker | Score /100 | EUR/USD spread (pips) and commission | Platforms | Minimum deposit | Visit broker | More details |
|---|---|---|---|---|---|---|---|
| 1 |  TabTrade#1 Lowest published averageLowest average EUR/USD spread | 81.5Global score | 0.03 pips average + $3.5 commission per side, Edge account | MT5 (TradingView and cTrader coming soon) | $0, Standard and Edge accounts | Visit TabTrade | |
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| 2 |  IC MarketsRaw Spread and Swap Free | 89Global score | 0.1 pips average + $3.50 commission per lot payable per side, Raw Spread account |  MT4 MT5 cTrader TradingView+1 more platform, listed in this broker's detailsMT4, MT5, cTrader, TradingView, IC mobile app | $0, Raw Spread account (MetaTrader); also $0 on Raw Spread (cTrader) and Standard | Visit IC Markets | |
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| 3 |  MultiBank GroupStandard, Pro and ECN accounts | 80.3Global score | 0.1 pips average + commission not published, ECN account | 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 | $50 on the Standard account$1,000 Pro, $10,000 ECN | Visit MultiBank Group | |
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| 4 |  Purple TradingcTrader Copy trading | 54.5Global score | 0.3 pips average + $5 commission per side, RAW account | cTraderTradingViewMT4MT5+1 more platform, listed in this broker's detailscTrader, cTrader Copy, TradingView, MT4, MT5 | $500, Standard account; also $500 on RAW account | Official site of Purple Trading | |
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| 5 |  PepperstoneMT4, MT5, cTrader, TradingView | 93.5Global score | 0.0 pips minimum + commission from $3.50 per lot, per side, Razor account | MT4MT5TradingViewcTrader+1 more platform, listed in this broker's detailsPepperstone platform and app, MT4, MT5, TradingView, cTrader | $0, Standard and Razor accounts (minimum funding amount $10 or local equivalent) | Visit Pepperstone | |
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| 6 |  Fintrix MarketsZero, Standard and Cent accounts | 73Global score | 0.0 pips minimum + $3.5 commission per side per lot, Zero account | MetaTrader 4MetaTrader 5WebTraderSocial trading | US$0, Standard account (Zero account US$200, Cent account US$10) | Visit Fintrix Markets | |
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| 7 |  FOREX.com90-day free demo | 67.6Global score | 0.0 pips minimum + $5 commission per $100k USD traded, RAW Pricing account | 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 | $100, Standard Account (FAQ: 100 of the selected base currency) | Visit FOREX.com | |
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| 8 |  CMC MarketsCMC NextGen web platform | 64.6Global score | 0.0 pips minimum + 0.0025% commission, FX Active account | MetaTrader 4MetaTrader 5TradingViewCMC NextGen (Next Generation web platform) | None required to open a live trading account (no amount or currency stated), standard and FX Active accounts | Official site of CMC Markets | |
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"US$" appears only where the broker names US dollars; a bare "$" stays bare. In the "+" rows, "register" means we read the regulator's register and "broker's statement" means we did not. The companies are licensed in Bermuda, Cayman Islands, Mauritius, Seychelles, and The Bahamas. We read the brokers' pages from a Malaysian connection on 29 and 30 September 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.
Which forex broker has the lowest spread in Malaysia?
Published averages first, lowest first, with brokers that state how and when they measured ahead; then brokers advertising EUR/USD from 0.0 pips, by global score.
- TabTrade - 0.03 pips average on Edge account, MT5 platform
- IC Markets - Raw Spread account at 0.1 pips average, no minimum deposit
- MultiBank Group - 0.1 pips average on ECN account, $50 Standard deposit
- Purple Trading - 0.3 pips average on RAW account, $500 deposit
- Pepperstone - from 0.0 pips on Razor, demo with unlimited virtual balance
- Fintrix Markets - from 0.0 pips, US$10 Cent account deposit
- FOREX.com - from 0.0 pips on RAW Pricing, 90-day $50,000 demo
- CMC Markets - from 0.0 pips on FX Active, no deposit required
The lowest spread forex brokers in Malaysia, reviewed
1. TabTrade
Datalyst data for April 2026 puts the average EUR/USD spread on the Edge account at 0.03 pips. TabTrade states that average gives a one-lot round-turn spread cost of US$0.30. Commission on that account is $3.5 per side. The Standard and Edge accounts both need no deposit, and MT5 is the platform, with TradingView and cTrader coming soon. TabTrade (Mauritius) Ltd, licensed by the Financial Services Commission, Mauritius, takes Malaysian residents.
- 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)
Sources for TabTrade
- tabtrade.com (takes Malaysians), read 29 September 2026
- tabtrade.com (spread), read 29 September 2026
- tabtrade.com (commission), read 29 September 2026
- tabtrade.com (deposit), read 20 October 2026
- tabtrade.com (platforms), read 29 September 2026
2. IC Markets
IC Markets takes Malaysian residents through Raw Trading Ltd, licensed in Seychelles by the Financial Services Authority of Seychelles. It publishes a 0.1 pips average EUR/USD spread on its Raw Spread account, with no minimum deposit. You get MT4, MT5, cTrader, TradingView, and the IC mobile app, and copy trading through IC Social, cTrader Copy Trading, ZuluTrade, or Signal Start. Its Swap Free account applies an overnight holding fee.
- 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
3. MultiBank Group
MultiBank Group publishes a 0.1 pips average EUR/USD spread on its ECN account, and the Standard account asks $50 (the Pro $1,000, the ECN $10,000). It takes Malaysian residents through MEX Atlantic Corporation, licensed in the Cayman Islands by the Cayman Islands Monetary Authority. You get MT4, MT5, Web Trader for both, and MB Trader, with copy trading through Social Trading. Its Akaun Islamik (Islamic Account, also called Swap-Free Account) is available.
- 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
Sources for MultiBank Group
- multibankfx.com (takes Malaysians), read 30 September 2026
- multibankfx.com (spread), read 29 September 2026
- multibankfx.com (commission), read 30 September 2026
- multibankfx.com (deposit), read 29 September 2026
- multibankfx.com (platforms), read 29 September 2026
4. Purple Trading
Purple Trading's RAW account publishes a 0.3 pips average EUR/USD spread, and its Standard and RAW accounts ask a $500 minimum deposit. Platforms are cTrader, TradingView, MT4, and MT5, with copy trading through cTrader Copy. It takes Malaysian residents through AXSE Brokerage Ltd., licensed in Seychelles by the Financial Services Authority of Seychelles.
- Company
- AXSE Brokerage Ltd., Seychelles
- Regulator
- the Financial Services Authority of Seychelles, licence SD041 register
- EUR/USD spread and commission
- 0.3 pips average + $5 commission per side, RAW account
- Minimum deposit
- $500, Standard account; also $500 on RAW account
- Platforms
- cTrader, cTrader Copy, TradingView, MT4, MT5
Sources for Purple Trading
- d3h7n20zlyx7e3.cloudfront.net (takes Malaysians), read 30 September 2026
- purple-trading.sc (spread), read 29 September 2026
- purple-trading.sc (commission, deposit, platforms), read 30 September 2026
5. Pepperstone
Pepperstone advertises EUR/USD from 0.0 pips on the Razor account, where commission runs from $3.50 per lot, per side. The deposit is $0 on Standard and Razor accounts, with a minimum funding amount of $10 or local equivalent. Through Pepperstone Markets Limited, licensed by the Securities Commission of The Bahamas, Pepperstone takes Malaysian residents. You can run MT4, MT5, TradingView, and cTrader, and the free demo carries an unlimited virtual balance.
- 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
Sources for Pepperstone
- pepperstone.com (takes Malaysians), read 30 September 2026
- pepperstone.com (spread, commission, deposit, platforms), 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.
The Zero account at Fintrix Markets runs EUR/USD from 0.0 pips, with $3.5 commission per side per lot. A Standard account opens with US$0, the Zero account with US$200, and the Cent account with US$10. The company taking Malaysian residents is Fintrix Markets Ltd, licensed by the Financial Services Commission, Mauritius. You get MetaTrader 4, MetaTrader 5, and WebTrader, a demo with US$100,000 virtual funds that expires after 45 days, and Fintrix Social Trading for copy trading on MT5.
- 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
Sources for Fintrix Markets
- fintrixmarkets.com (takes Malaysians, platforms), read 29 September 2026
- fintrixmarkets.com (spread, commission), read 29 September 2026
- fintrixmarkets.com (deposit), read 28 September 2026
7. FOREX.com
On the RAW Pricing account, FOREX.com charges $5 commission per $100k USD traded and advertises EUR/USD from 0.0 pips. The Standard Account takes a $100 deposit, and the free demo gives you 90 days and $50,000 in virtual funds. FOREX.com takes Malaysian residents through GAIN Global Markets Inc., licensed by the Cayman Islands Monetary Authority. TradingView, MetaTrader 4, and MetaTrader 5 join the FOREX.com Web trader and the FOREX.com mobile app.
- 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
Sources for FOREX.com
- application.forex.com (takes Malaysians), read 30 September 2026
- forex.com (spread, commission), read 29 September 2026
- forex.com (deposit), read 29 September 2026
- forex.com (platforms), read 29 September 2026
8. CMC Markets
No deposit is required to open a live trading account with CMC Markets, on both the standard and FX Active accounts. The FX Active account pairs EUR/USD from 0.0 pips with 0.0025% commission. Its free demo runs across MetaTrader 4, MetaTrader 5, TradingView, and CMC NextGen, the Next Generation web platform, whose demo does not expire. The Bermuda company, CMC Markets Bermuda Limited, is licensed by the Bermuda Monetary Authority and takes Malaysian residents.
- 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)
Sources for CMC Markets
- signup.cmcmarkets.com (takes Malaysians), read 30 September 2026
- cmcmarkets.com (spread, commission, deposit, platforms), read 29 September 2026
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 eight brokers on this page each take Malaysian residents through companies licensed outside Malaysia, not by Malaysian regulators.
Which spread figure should you compare?
An average spread is measured over time, while a “from” figure is the lowest the spread can go. Four brokers publish an average EUR/USD spread: TabTrade at 0.03 pips on the Edge account, the only one to name its source and period (Datalyst data for April 2026), then IC Markets at 0.1 pips, MultiBank Group at 0.1 pips and Purple Trading at 0.3 pips, with no source, period or method stated. The other four, Pepperstone, Fintrix Markets, FOREX.com and CMC Markets, advertise EUR/USD from 0.0 pips, a floor and not an average. I would compare averages with averages only, and the chart below shows the four averages.
What does a EUR/USD spread cost per lot?
On one standard lot of EUR/USD a pip is worth US$10: TabTrade’s 0.03 pip average costs US$0.30 (TabTrade states the same US$0.30) and a 0.1 pip average costs US$1. Commissions: TabTrade $3.5 per side, IC Markets $3.50 per lot per side, Purple Trading $5 per side, MultiBank Group none published. FOREX.com’s is the one round turn you can compute, at least US$10.00. CFD costs sit on Best CFD Brokers in Malaysia (2026); the pip value calculator below does the conversion.
What deposit does a low spread account need?
Two spread accounts ask more than their entry accounts: Fintrix Markets’ Zero asks US$200 against US$0 on Standard (Cent US$10), and MultiBank Group’s ECN asks $10,000 against $50 on Standard. Purple Trading asks $500 on both Standard and RAW. TabTrade asks $0 on both its Standard and Edge accounts, IC Markets and CMC Markets need nothing to open, Pepperstone asks $0 on Standard and Razor with a minimum funding amount of $10 or local equivalent, and FOREX.com asks $100 on the Standard Account.
Is a low spread broker better for scalping?
Yes, because the spread is paid on every trade, so its cost grows with the number of trades you place. A low average spread matters more to a scalper than to a swing trader holding for days, since the scalper crosses the spread far more often. I would check the average, not the floor, before choosing an account. Seven of the eight brokers here offer MetaTrader 4 (MT4), while TabTrade offers MT5 only, with TradingView and cTrader coming soon. For a wider view of MT4 choices, see Best MT4 Brokers in Malaysia (2026), and our scalping guide covers the mechanics in detail.
How we ordered the lowest spread brokers
Brokers that publish an average come first. TabTrade leads because it states how and when it measured, with Datalyst data for April 2026, and the three that state no source or period follow by published average, lowest first, with the 0.1 pips tie broken by our published global score. The four brokers advertising EUR/USD from 0.0 pips, a floor and not an average, follow by our published global score. OANDA, Hantec Markets and Interactive Brokers advertise from 0.1 pips and are not listed, and IG Group’s 2020 average is left out. Every broker here is on Best Forex Brokers in Malaysia (2026), and demo accounts are covered on Best Forex Demo Accounts in Malaysia (2026).
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FAQs
Which forex broker has the lowest spread in Malaysia?
Which forex brokers offer 0 spreads?
What is the difference between a raw spread account and a standard account?
How much does a 0.1 pip spread cost on one lot of EUR/USD?
Is a low spread broker better for scalping?
Why is the spread I pay different from the published average?
How is an average spread measured?
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)
- Best CFD 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.