Which MT4 brokers take Malaysian residents?
| # | Broker | Score /100 | EUR/USD spread (pips) and commission | MetaTrader 4 | Platforms | Visit broker | More details |
|---|---|---|---|---|---|---|---|
| 1 |  Pepperstone#1 Highest score, globalMT4, MT5, cTrader, TradingView | 93.5Global score | 0.0 pips minimum + commission from $3.50 per lot, per side, Razor account | MT4 (MetaTrader 4), Standard and Razor accounts |  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 | 0.1 pips average + $3.50 commission per lot payable per side, Raw Spread account | MetaTrader 4 | MT4MT5cTraderTradingView+1 more platform, listed in this broker's detailsMT4, MT5, cTrader, TradingView, IC mobile app | 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 | MetaTrader 4 (MT4) | 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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| 4 |  Fintrix MarketsZero, Standard and Cent accounts | 73Global score | 0.0 pips minimum + $3.5 commission per side per lot, Zero account | MetaTrader 4 (MT4), all eligible account types | MetaTrader 4MetaTrader 5WebTraderSocial trading | Visit Fintrix Markets | |
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| 5 |  IG GroupProRealTime and L2 Dealer platforms | 68.2Global score | 1.13 pips average (12 weeks to 29 May 2020) + no commission, CFD trading account | MetaTrader 4 | 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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| 6 |  FOREX.com90-day free demo | 67.6Global score | 0.0 pips minimum + $5 commission per $100k USD traded, RAW Pricing account | MetaTrader 4 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 | Visit FOREX.com | |
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| 7 |  CMC MarketsCMC NextGen web platform | 64.6Global score | 0.0 pips minimum + 0.0025% commission, FX Active account | MetaTrader 4, CFD and FX Active accounts | MetaTrader 4MetaTrader 5TradingViewCMC NextGen (Next Generation web platform) | Official site of CMC Markets | |
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| 8 |  Hantec MarketsGlobal, Pro and Cent accounts | 64Global score | 0.1 pips minimum + commission from $2 per lot, Hantec Pro account | MetaTrader 4 (MT4) | 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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| 9 |  Purple TradingcTrader Copy trading | 54.5Global score | 0.3 pips average + $5 commission per side, RAW account | MetaTrader4 | cTraderTradingViewMT4MT5+1 more platform, listed in this broker's detailscTrader, cTrader Copy, TradingView, MT4, MT5 | Official site of Purple Trading | |
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US$ appears only where the broker names US dollars. A bare $ stays as the broker prints it. Each "+" shows "register" where we read the regulator's register, and "broker's statement" otherwise. The companies are licensed in Bermuda, Cayman Islands, Mauritius, Seychelles, and The Bahamas. We read each page 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.
Best MT4 brokers in Malaysia, ranked
Ordered by our global score, highest first.
- Pepperstone - Razor account EUR/USD from 0.0 pips
- IC Markets - copy trading via IC Social and ZuluTrade
- MultiBank Group - MT4 in a browser via Web Trader
- Fintrix Markets - demo with US$100,000 for 45 days
- IG Group - CFD trading account with no minimum balance
- FOREX.com - RAW Pricing account from 0.0 pips
- CMC Markets - social trading through MQL4 and MQL5
- Hantec Markets - deposits from US$10 with Hantec Social
- Purple Trading - RAW account averaging 0.3 pips
MT4 broker reviews for Malaysian traders
1. Pepperstone
I recommend Pepperstone's Razor account for MT4, with EUR/USD from 0.0 pips (minimum) and a $0 minimum deposit (minimum funding amount $10 or local equivalent). MT4 demos expire 60 days after creation, and the free demo has unlimited virtual balance. Pepperstone takes Malaysian residents through Pepperstone Markets Limited in The Bahamas.
- 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
2. IC Markets
IC Markets is my pick for swap-free trading: its Swap Free account runs on Raw Spread and Standard across MT4, MT5, and cTrader, with an overnight holding fee applying. EUR/USD averages 0.1 pips on the Raw Spread account, and the minimum deposit is $0. IC Markets takes Malaysian residents through Raw Trading Ltd in Seychelles.
- 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 is my pick for MT4 in a browser: it lists Web Trader MT4 and Web Trader MT5. EUR/USD averages 0.1 pips on the ECN account, and deposits start at $50 on the Standard account ($1,000 Pro, $10,000 ECN). MultiBank Group takes Malaysian residents through MEX Atlantic Corporation in the Cayman Islands.
- 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. 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 runs MT4 and MT5. I like the Zero account's EUR/USD pricing: from 0.0 pips (minimum). The Standard account's minimum deposit is US$0 (Zero account US$200, Cent account US$10). Its free demo carries US$100,000 virtual funds, expiring after 45 days (non-expiry on request). Fintrix Markets takes Malaysian residents through Fintrix Markets Ltd in Mauritius.
- 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
5. IG Group
IG Group pairs MetaTrader 4 and MetaTrader 5 with the IG web platform and TradingView. The CFD trading account has no minimum balance. The free demo carries $20,000 virtual funds, and EUR/USD averaged 1.13 pips over the 12 weeks to 29 May 2020. IG Group takes Malaysian residents through IG International Limited in Bermuda.
- 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
Sources for IG Group
- live.client-onboarding.ig.com (takes Malaysians), read 30 September 2026
- ig.com (spread), read 29 September 2026
- ig.com (commission, platforms), read 29 September 2026
- ig.com (deposit), read 29 September 2026
6. FOREX.com
FOREX.com's RAW Pricing account brings EUR/USD from 0.0 pips (minimum), with a round-turn cost of at least US$10.00 per 1.0 lot. The minimum deposit is $100 on the Standard Account, and the free demo runs 90 days with $50,000 virtual funds. FOREX.com takes Malaysian residents through GAIN Global Markets Inc. in the Cayman Islands.
- 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
7. CMC Markets
CMC Markets gives you MT4, MT5, TradingView, and the CMC NextGen web platform. EUR/USD runs from 0.0 pips (minimum) on the FX Active account, with no minimum deposit required. The free MT4 and MT5 demos last 30 days, expiring after 30 days inactive. CMC Markets takes Malaysian residents through CMC Markets Bermuda Limited in Bermuda.
- 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
8. Hantec Markets
Hantec Markets sets its minimum deposit at US$10 on the Hantec Global account, with EUR/USD from 0.1 pips (minimum) on the Hantec Pro account. You get MT4, MT5, and Hantec WebTrader, and a free 30-day MT4 or MT5 demo. Hantec Markets takes Malaysian residents through Hantec Markets Ltd in Mauritius.
- 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
Sources for Hantec Markets
- hmarkets.com (takes Malaysians), read 30 September 2026
- hmarkets.com (spread, commission), read 29 September 2026
- hmarkets.com (deposit), read 29 September 2026
- hmarkets.com (platforms), read 29 September 2026
9. Purple Trading
Copy trading through cTrader Copy is why I would pick Purple Trading. You also get cTrader, TradingView, MT4, and MT5. EUR/USD averages 0.3 pips on Purple Trading's RAW account, and the minimum deposit is $500 on the Standard account. Purple Trading takes Malaysian residents through AXSE Brokerage Ltd. in 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
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 in full.
Which MT4 brokers also offer MT5, cTrader or TradingView?
All nine MT4 brokers offer MT5. cTrader appears at three: Pepperstone, IC Markets, and Purple Trading. TradingView appears at six: Pepperstone, IC Markets, IG Group, FOREX.com, CMC Markets, and Purple Trading. The chart below shows the grid. With MT5 that widespread, I would compare spreads and deposits before platforms. If you trade from your phone, start with the Best Forex Trading Apps in Malaysia (2026).
Which MT4 broker has the lowest EUR/USD spread?
The lowest published EUR/USD average is 0.1 pips, shared by two brokers: IC Markets’ Raw Spread account and MultiBank Group’s ECN account. On minimums, Pepperstone’s Razor, Fintrix Markets’ Zero, FOREX.com’s RAW Pricing, and CMC Markets’ FX Active accounts publish from 0.0 pips, and Hantec Markets’ Hantec Pro publishes from 0.1 pips. For the wider field, see the Lowest Spread Forex Brokers in Malaysia (2026).
What is the lowest minimum deposit for an MT4 account?
Five of the nine require no minimum deposit: Pepperstone $0 for Standard and Razor accounts, with a $10 minimum funding amount or local equivalent, IC Markets $0 for Raw Spread, Fintrix Markets US$0 for Standard, IG Group no minimum balance, and CMC Markets none to open a live trading account. The other four require a minimum deposit: Hantec Markets US$10, MultiBank Group $50, FOREX.com $100, and Purple Trading $500.
Which MT4 brokers offer a demo account?
All nine MT4 brokers offer a demo. CMC Markets and Hantec Markets give MT4 demos 30 days, Fintrix Markets 45 days with non-expiry on request, Pepperstone 60 days, and FOREX.com 90 days. IG Group’s demo carries $20,000 virtual funds, and an MT4 demo is also available. See the Best Forex Demo Accounts in Malaysia (2026).
How much is a pip worth on MT4?
A pip’s worth depends on your currency pair, lot size, and account currency: one pip on one standard lot (100,000 units) of EUR/USD is worth US$10. The calculator below works out a pip’s value, using rates from our dated rates file, whose date is shown on the calculator.
How we check that an MT4 broker takes Malaysians
Eight of the nine sit on our Malaysian list: a span on the broker’s own site, read from a Malaysian connection on 30 September 2026, names Malaysia as served. Fintrix Markets is on the list as our editors’ pick: no span on its site names Malaysia. The comparison module’s ”+” details show which span backs each of the eight. See Best Forex Brokers in Malaysia (2026).
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FAQs
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Related pages
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.