Best Brokers in Malaysia For 2026

Find the best brokers for traders in Malaysia. Use our comparison tables and filters to find the right trading platform for your needs.

Written By
James Barra

Fact Checked By
Tobias Robinson

Edited By
William Berg

Updated
October 6, 2026

Jump To: Top List Compare Opinions

Your capital is at risk. Trade only with funds you can afford to lose.

✔ Tested with a live trading account

✔ Accept traders from Malaysia

Compare IC and XM Details

Showing 5 of 42 matching brokers

1

IC

IC Markets (now IC) is a global forex and CFD broker known for competitive pricing, a wide range of instruments, and advanced trading technology. Founded in 2007 and based in Australia, it is regulated by ASIC, CySEC, and FSA, serving over 200,000 clients in more than 200 countries.

Demo Account

Yes

Minimum Deposit

$200

Minimum Trade

0.01 Lots

Leverage

1:5000 (FSA Only)

Copy Trading

Yes

Regulator

ASIC, CySEC, FSA, SCB, CMA-Kenya

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto

Platforms

MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Automated Trading

Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade

AI

No

Guaranteed Stop Loss

No

Go to IC
2

XM

XM is a trusted global forex and CFD broker with over 20 million clients in more than 190 countries. Since 2009, it has offered low trading fees on 1000+ instruments. XM provides a full MetaTrader experience that we have tested firsthand. 100% deposit bonus + further offers up to $4500100% deposit bonus + further offers up to $4500

Demo Account

Yes

Minimum Deposit

$5

Minimum Trade

0.01 Lots

Leverage

1:10001:30

Copy Trading

Yes

Regulator

CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE

Instruments

CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies

Platforms

MT4, MT5, TradingCentral

Account Currencies

USD, EUR, GBP, JPY, ZAR

Automated Trading

Expert Advisors (EAs) on MetaTrader

AI

Yes

Guaranteed Stop Loss

No

Go to XM
74.12% of retail accounts lose money.
3

AvaTrade

Founded in 2006, AvaTrade is a top forex and CFD broker trusted by over 400,000 traders. Regulated in 9 regions, it handles more than 2 million trades monthly. AvaTrade offers platforms like MT4, MT5, and WebTrader, with over 1,250 instruments. Traders of all levels can explore CFDs, AvaOptions, and AvaFutures for short-term trading. AvaTrade provides excellent education and 24/5 multilingual customer support for a complete trading experience.

Demo Account

Yes

Minimum Deposit

$300$100

Minimum Trade

0.01 Lots

Leverage

1:30 (Retail) 1:400 (Pro)

Copy Trading

Yes

Regulator

ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)

Instruments

CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures

Platforms

WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade

Account Currencies

USD, EUR, GBP, CAD, AUD, ZAR

Automated Trading

Expert Advisors (EAs) on MetaTrader

AI

Yes

Guaranteed Stop Loss

No

Go to AvaTrade
79% of retail accounts lose money with this provider.
4

Trade Nation

Trade Nation is a leading foreign exchange and contract for difference broker regulated in various areas including the UK and Australia. This company provides affordable fixed and variable spreads on over 1000 assets and strong trading platforms and educational resources. Traders could use the Signal Centre for trading ideas.

Demo Account

Yes

Minimum Deposit

R1000$0

Minimum Trade

0.1 Lots

Leverage

1:30 (FCA, CMVM, ASIC), 1:200 (FSCA, SCB), 1:500 (FSA)

Copy Trading

Yes

Regulator

FCA, ASIC, CMVM , FSCA, SCB, FSA

Instruments

CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only)

Platforms

TN Trader, MT4, TradingView

Account Currencies

USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK

Automated Trading

Expert Advisors (EAs) on MetaTrader

AI

No

Guaranteed Stop Loss

No

Go to Trade Nation
67.3% of retail investor accounts lose money when trading CFDs with this provider. 84% of retail investor accounts lose money when trading CFDs with this provider.
5

Pepperstone

Founded in Australia in 2010, Pepperstone is a forex and CFD broker with over 830,000 clients worldwide. It offers 1,400+ instruments on MT4, MT5, cTrader, and TradingView, with low, clear fees. Pepperstone is regulated by the FCA, ASIC, and CySEC.

Demo Account

Yes

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Leverage

1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya)

Copy Trading

Yes

Regulator

FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya

Instruments

CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs (only Pro clients), Spread Betting

Platforms

Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Automated Trading

Expert Advisors (EAs) on MetaTrader, cBots on cTrader

AI

No

Guaranteed Stop Loss

No

Go to Pepperstone
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.

Compare Brokers

Broker	MYR Account	Demo Account	Minimum Deposit	Minimum Trade	Leverage	Copy Trading	Regulator	Instruments	Platforms	Account Currencies	Automated Trading	AI	Guaranteed Stop Loss
	✗	✓	$200	0.01 Lots	1:5000 (FSA Only)	✓	ASIC, CySEC, FSA, SCB, CMA-Kenya	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower	USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD	Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade	✗	✗
	✗	✓	$5	0.01 Lots	1:10001:30	✓	CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE	CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies	MT4, MT5, TradingCentral	USD, EUR, GBP, JPY, ZAR	Expert Advisors (EAs) on MetaTrader	✓	✗
	✗	✓	$300$100	0.01 Lots	1:30 (Retail) 1:400 (Pro)	✓	ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures	WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade	USD, EUR, GBP, CAD, AUD, ZAR	Expert Advisors (EAs) on MetaTrader	✓	✗
	✗	✓	R1000$0	0.1 Lots	1:30 (FCA, CMVM, ASIC), 1:200 (FSCA, SCB), 1:500 (FSA)	✓	FCA, ASIC, CMVM , FSCA, SCB, FSA	CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only)	TN Trader, MT4, TradingView	USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK	Expert Advisors (EAs) on MetaTrader	✗	✗
	✗	✓	$0	0.01 Lots	1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya)	✓	FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs (only Pro clients), Spread Betting	Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView	USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD	Expert Advisors (EAs) on MetaTrader, cBots on cTrader	✗	✗
Broker	MYR Account	Demo Account	Minimum Deposit	Minimum Trade	Leverage	Copy Trading	Regulator	Instruments	Platforms	Account Currencies	Automated Trading	AI	Guaranteed Stop Loss

How Safe Are The Top Brokers In Malaysia?

It’s important to look at the protections and safeguards available at an account level:

Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts
	4.6	✗	✓	✓
	4.5	✗	✓	✓
	4.5	✗	✓	✓
	4.3	✗	✓	✓
	4.6	✗	✓	✓
Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts

Mobile Trading Comparison

Malaysian traders are increasingly managing positions on the go - here’s how our top brokers perform on mobile:

Broker	Mobile Apps	iOS Rating	Android Rating	Smart Watch App
	iOS & Android	3.1	4.2	✗
	iOS, Android & Windows	4.7	3.9	✗
	iOS & Android	4.3	4.0	✗
	iOS & Android	4.5	4.5	✗
	iOS & Android	4.4	4.1	✗
Broker	Mobile Apps	iOS Rating	Android Rating	Smart Watch App

Comparison for Beginners

Compare how suitable the Best Brokers in Malaysia For 2026 are for beginners.

Broker	Demo Account	Minimum Deposit	Minimum Trade	Education Rating	Support Rating	Fractional Shares	Demo Competitions
	✓	$200	0.01 Lots	3.5	4.5	✗	✗
	✓	$5	0.01 Lots	4.8	4.9	✓	✓
	✓	$300$100	0.01 Lots	4.5	4.3	✗	✗
	✓	R1000$0	0.1 Lots	4.2	4.9	✗	✗
	✓	$0	0.01 Lots	4.0	4.6	✗	✗
Broker	Demo Account	Minimum Deposit	Minimum Trade	Education Rating	Support Rating	Fractional Shares	Demo Competitions

Comparison for Advanced Traders

Compare how suitable the Best Brokers in Malaysia For 2026 are for advanced or professional traders.

Broker	Automated Trading	VPS	API	AI	Pro Account	Leverage	Low Latency	Extended Hours
	Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade	✓	✓	✗	✗	1:5000 (FSA Only)	✓	✗
	Expert Advisors (EAs) on MetaTrader	✓	✗	✓	✗	1:10001:30	✓	✗
	Expert Advisors (EAs) on MetaTrader	✗	✓	✓	✓	1:30 (Retail) 1:400 (Pro)	✓	✗
	Expert Advisors (EAs) on MetaTrader	✗	✗	✗	✗	1:30 (FCA, CMVM, ASIC), 1:200 (FSCA, SCB), 1:500 (FSA)	✗	✗
	Expert Advisors (EAs) on MetaTrader, cBots on cTrader	✗	✓	✗	✓	1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya)	✓	✗
Broker	Automated Trading	VPS	API	AI	Pro Account	Leverage	Low Latency	Extended Hours

Accounts Comparison

Compare the trading accounts offered by Best Brokers in Malaysia For 2026.

Broker	Demo Account	Interest on Cash	Islamic Account	Joint Account	Managed Account	PAMM	MAM	LAMM	Pro Account
	✓	✗	✓	✗	✓	✓	✓	✗	✗
	✓	✗	✓	✗	✓	✗	✗	✗	✗
	✓	USD: 2.7%	✓	✗	✓	✓	✓	✗	✓
	✓	✗	✓	✗	✓	✗	✗	✗	✗
	✓	✗	✓	✗	✓	✓	✓	✗	✓
Broker	Demo Account	Interest on Cash	Islamic Account	Joint Account	Managed Account	PAMM	MAM	LAMM	Pro Account

Compare The Ratings Of Our Top Malaysian Trading Brokers

See how our top brokers in Malaysia scored in each core area following our hands-on tests:

Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support
	4.6	4.0	4.1	3.7	4.6	4.0	4.0	3.5	4.5
	4.5	4.8	4.5	4.3	4.0	4.5	4.3	4.8	4.9
	4.5	4.3	4.5	4.2	3.8	4.3	4.3	4.5	4.3
	4.3	3.9	3.7	4.5	4.3	4.2	3.9	4.2	4.9
	4.6	4.8	4.6	4.3	4.5	4.0	4.3	4.0	4.6
Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support

Fee and Cost Comparison

Compare the cost of trading with the Best Brokers in Malaysia For 2026.

Broker	Cost Rating	Fixed Spreads	Inactivity Fee	CFD Stocks Spread	EUR/USD Spread	Crypto Spread
	4.6	✗	$0	0.02	0.1	BTC 42.036
	4.0	✗	$5	1.79 (Apple)	0.8	Variable
	3.8	✓	$50	0.13	0.9	BTC <1%, ETH 2%
	4.3	✓	$0	Variable	Variable	Fixed
	4.5	✓	$0	0.02	0.1	30 (BTC)
Broker	Cost Rating	Fixed Spreads	Inactivity Fee	CFD Stocks Spread	EUR/USD Spread	Crypto Spread

Customer Ratings

Compare how customers of these brokers feel about them, with real user ratings from Trustpilot, the Apple App Store and Google Play.

Broker	Customers	Trustpilot Score	Trustpilot Reviews	Android App Rating	iOS App Rating
	200,000	3.0	2	4.2	3.1
	20,000,000	2.0	3,128	3.9	4.7
	400,000	4.8	13,511	4.0	4.3
	✗	4.5	2,131	4.5	4.5
	830,000	4.2	3,654	4.1	4.4
Broker	Customers	Trustpilot Score	Trustpilot Reviews	Android App Rating	iOS App Rating

Broker Popularity

Malaysian traders often look to brokers with a strong client base as one sign of credibility. Here’s how many traders our providers firms have:

Broker	Popularity
XM	20,000,000
Pepperstone	830,000
AvaTrade	400,000
IC	200,000

Why Trade With IC?

IC offers competitive pricing, fast execution, and easy deposits. TradingView integration and the Raw Trader Plus account make it a strong choice for intermediate and advanced traders.

Christian Harris
Review Author

Pros

IC provides reliable 24/7 support, especially for accounts and funding, based on firsthand experience.
As a regulated broker, IC prioritizes client security and transparency to support reliable global trading.
IC offers very tight spreads, with 0.0-pip spreads on major currency pairs, making it cost-effective for traders.

Cons

Despite having four top-tier third-party platforms, there is no in-house software or trading app specifically designed for new traders.
The range and quality of educational materials, such as tutorials and webinars, require improvement. This lag falls behind competitors like CMC Markets and reduces its suitability for novice traders.
Interest is not earned on unused funds, a feature commonly available at other platforms such as Interactive Brokers.

Go to IC

Why Trade With XM?

With a $5 minimum deposit, advanced charting on MT4 and MT5, a growing range of markets, and a Zero account with spreads from 0.0, XM offers what traders need. They have even won our 'Best MT4/MT5 Broker' award recently.

Christian Harris
Review Author

Pros

XM’s Zero account is ideal for trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, without requotes or rejections.
XM excels in trader education by providing well-organized resources like webinars, tutorials, and live trading sessions via XM Live.
In late 2025, XM received a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates, enhancing its regulatory standing and positioning it as a strong choice for traders in the Middle East.

Cons

XM only uses MetaTrader platforms for desktop trading, meaning there is no customizable downloadable option for a more beginner-friendly experience with unique features.
The XM app is user-friendly and offers unique copy trading products, but its technical analysis tools need enhancement for advanced traders.
XM is lagging because it doesn't offer cTrader, which some professional traders prefer over MetaTrader for its better usability and advanced charting features.

Go to XM

74.12% of retail accounts lose money.

Why Trade With AvaTrade?

AvaTrade provides traders with essential tools: an intuitive WebTrader, strong AvaProtect risk management, a quick 5-minute sign-up, and reliable support for fast-paced markets.

Christian Harris
Review Author

Pros

AvaTrade is still among the few brokers with a custom risk management tool, AvaProtect, which insures losses up to $1M for a fee and is simple to use on the platform.
WebTrader performed well in our tests, with a beginner-friendly interface, 6 chart layouts, and over 60 technical indicators.
AvaTrade introduced AvaFutures for low-margin global market access and expanded in 2025 by adding CME’s Micro Grain Futures. Later that year, they integrated with TradingView.

Cons

Signing up is easy, but AvaTrade doesn't offer an ECN account like Pepperstone or IC Markets, which provides raw spreads and fast execution that many traders want.
AvaTrade’s WebTrader has improved, but it needs more customization as widgets like market watch and watchlists can't be hidden, moved, or resized.
The AvaSocial app is satisfactory but could be better. Its design, usability, and navigation between strategy providers and account management need improvement to compete with top platforms like eToro.

Go to AvaTrade

79% of retail accounts lose money with this provider.

Why Trade With Trade Nation?

Trade Nation is suitable for discretionary traders interested in speculating on major indices like the US 500 or liquid FX pairs, with the predictability of fixed spreads. Our tests showed the fixed-spread TN Trader platform is beneficial for trading during scheduled economic releases due to its reliable charting and capped spreads.

James Barra
Review Author

Pros

Testing of the TN Trader account in normal markets showed fixed spreads and fast fills on major forex pairs, with slight price movement between click and fill.
Trade Nation's 2026 partnership with Volt has accelerated payments for Australian traders. They can now make instant deposits and withdrawals using PayID. Faster payout features are planned for clients in the UK and EU.
The demo includes a $5,000 practice account and a one-on-one platform walkthrough by callback.

Cons

Withdrawals can take up to five business days, which is average for the industry but slower than the 1–3 days many brokers now offer.
The 2–20% rebate program is not available to FCA, CMVM, and ASIC clients, so active traders in these areas cannot receive transaction rebates.
Offshore SCB and FSA entities offer retail clients leverage up to 1:200 and 1:500, compared to 1:30 in the UK, Europe, and Australia. This means FSA clients can have 16 times the exposure of UK retail clients on the same trade, but with less oversight and no compensation scheme.

Go to Trade Nation

67.3% of retail investor accounts lose money when trading CFDs with this provider. 84% of retail investor accounts lose money when trading CFDs with this provider.

Why Trade With Pepperstone?

Pepperstone is a leading trading option, providing low spreads, quick execution, and advanced chart tools for experienced traders. It also supports new traders with no minimum deposit, thorough learning resources, and exceptional 24/5 support (18 hours on weekends). Based under ASIC regulation, Pepperstone's comprehensive service earned it the 'Best Aus Broker' award for 2025 by DayTrading.com in Australia.

Christian Harris
Review Author

Pros

Award-winning customer support is available by phone, email, or live chat. Response times are under five minutes during testing, with friendly agents who know the products and trading tools.
Provides a dedicated CopyTrading app for traders seeking a less active trading approach, available in select countries.
Pepperstone is a low-cost broker for active traders, with spreads from 0.0 on Razor accounts and Active Trader rebates up to 30% on indices and commodities and $3 per forex lot.

Cons

Pepperstone has discontinued support for several tools that enhanced the trading experience for active retail traders, including Autochartist, Capitalise.ai, and a free VPS for eligible traders (now only available to pro traders in some countries).
Overnight holding fees at Pepperstone are higher than some Market Maker brokers (often Benchmark + 2.5%). This is ideal for traders and forex scalpers but not great for swing traders who keep positions open overnight.
Execution might be less reliable in fast markets than headline speeds indicate. Our tests showed fast execution at expected prices, but some community feedback mentions issues like slippage, stop-loss fills, and spread-sensitive order triggers during volatility.

Go to Pepperstone

CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.

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