Best Forex Brokers With No Deposit Trading Bonuses In Malaysia 2026

Whilst the global brokers below accept Malaysian residents, they are not authorized by the SC so you won’t have local safeguards. Offers are not recommended for beginners.

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

✔ Tested with a live trading account

✔ Accept traders from Malaysia

Brokers With:

No Deposit Bonus

Showing 3 of 3 matching brokers

Filters Order By ... Overall Rating Latest Trust & Regulation Banking & Accounts Assets & Markets Fees & Costs Platforms & Tools Research Education Customer Support iOS App Android App Most Clients Trustpilot Score

1. 1
   

   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

   XM Bonus Offer

   $50 No Deposit Bonus

   XM Details

   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.
2. 2
   

   Grand Capital

   
   Grand Capital is a MetaTrader broker offering welcome bonuses and trading competitions. Their user-friendly copy trading service and numerous account types make it suitable for different traders and strategies. With over 400 assets available, there is a vast range of trading options. New users can swiftly set up an account and commence trading.

   Grand Capital Bonus Offer

   $500 No Deposit Bonus

   Grand Capital Details

   Demo Account

   Yes

   Minimum Deposit

   $10

   Minimum Trade

   0.01 Lots

   Leverage

   1:500

   Copy Trading

   Yes

   Regulator

   No

   Instruments

   CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies

   Platforms

   MT4, MT5

   Account Currencies

   USD, EUR, GBP, JPY, CHF, RUB

   Automated Trading

   Yes

   AI

   No

   Guaranteed Stop Loss

   No
   Go to Grand Capital
3. 3
   

   InstaForex

   
   InstaForex is a CFD broker offering trading in forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and many assets, the brand provides secure and reliable trading. Millions of traders have opened accounts, accessing numerous active trading and investment options.

   InstaForex Bonus Offer

   $3,500 No Deposit Bonus

   InstaForex Details

   Demo Account

   Yes

   Minimum Deposit

   €200$1

   Minimum Trade

   0.01 Lots

   Leverage

   1:30 (Retail), 1:500 (Pro) 1:1000

   Copy Trading

   No

   Regulator

   CySECBVI FSC

   Instruments

   CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares BasketsForex, shares, indices, metals, oil and gas, futures, cryptos, binary options

   Platforms

   MT4, MT5

   Account Currencies

   USD, EUR

   Automated Trading

   Yes

   AI

   No

   Guaranteed Stop Loss

   No
   Go to InstaForex

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.92% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the risk of losing your invested funds.

Compare No Deposit Forex Bonuses Available In Malaysia

Compare the amount of free trading credit, any withdrawal stipulations, which traders they suit, and whether these forex brokers offer an account based in Malaysian Ringgit (MYR):

Broker		MYR Account	No Deposit Bonus Details	Key Terms	Who The Bonus Suits
		✗	$50 No Deposit Bonus	The bonus is credited to accounts within 24 hours. Profits can be withdrawn once trading volume hits 1 standard lot and 5 round turn trades have been completed. The minimum withdrawal if you use the no deposit bonus cannot be less than $100 or currency equivalent and all orders must be closed. EAs, scalping, arbitrage and news trading strategies are not allowed.	The no deposit bonus suits forex and margin traders looking to test short-term, manual strategies or try the broker’s MT4 or MT5 platforms in real market conditions.
		✗	$500 No Deposit Bonus	The no deposit bonus itself cannot be withdrawn, but profits generated from the bonus can at a formula of 5 USD per 1 lot. With the no deposit bonus only available for 7 days, this means a high volume of large FX trades need to be completed, requiring careful risk management to prevent overtrading.	The no deposit bonus suits traders wanting to test short-term setups on Grand Capital's 50+ major, minor and exotic forex pairs, plus prospective clients who want to explore the broker's proprietary web-accessible platform. However, the high turnover requirements and short time period make withdrawing profits generated from bonus funds impractical for most retail traders.
		✗	$3,500 No Deposit Bonus	StartUp no deposit bonus doesn't require account verification but it does require a deposit before you can withdraw any profit. If a deposit isn’t made within 7 days, it converts to a demo account and any profits become paper money. When you make a deposit, the no deposit credit is converted to a match bonus with steep volume requirements of 3 InstaForex lots for each $1 of profit.	No deposit bonus is suitable for testing trading strategies, especially in forex, and for trialling the InstaForex platform, but it's not a viable option if you want a shot at withdrawing gains due to the high wagering stipulations.
Broker		MYR Account	No Deposit Bonus Details	Key Terms	Who The Bonus Suits

Broker Details Comparison

Broker	Demo Account	Minimum Deposit	Minimum Trade	Leverage	Assets	Platforms
	✓	$5	0.01 Lots	1:10001:30	CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies	MT4, MT5, TradingCentral
	✓	$10	0.01 Lots	1:500	CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies	MT4, MT5
	✓	€200$1	0.01 Lots	1:30 (Retail), 1:500 (Pro) 1:1000	CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares BasketsForex, shares, indices, metals, oil and gas, futures, cryptos, binary options	MT4, MT5
Broker	Demo Account	Minimum Deposit	Minimum Trade	Leverage	Assets	Platforms

Safety Comparison

Using a no-deposit bonus isn't risk-free and if you upgrade to a real-money account after, it's worth understanding which account safeguards will be in place as a Malaysian client of these brokers:

Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts
	4.5	✗	✓	✓
	2.6	✗	✗	✓
	3.5	✗	✓	✓
Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts

Detailed Rating Comparison

See how these forex brokers scored in every key testing area we put them through:

Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support
	4.5	4.8	4.5	4.3	4.0	4.5	4.3	4.8	4.9
	2.6	3.8	3.9	4.7	2.5	3.9	3.5	3.5	3.5
	3.5	3.5	3.7	3.6	3.5	3.9	3.5	3.6	3.7
Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support

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
	20,000,000	2.0	3,128	3.9	4.7
	1,500,000	2.5	95	4.6	4.8
	7,000,000	2.6	543	3.6	3.6
Broker	Customers	Trustpilot Score	Trustpilot Reviews	Android App Rating	iOS App Rating

Broker Popularity

See how many traders have signed up with these no-deposit bonus brokers:

Broker	Popularity
XM	20,000,000
InstaForex	7,000,000
Grand Capital	1,500,000

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 customer support offers 24/7 assistance in 30 languages, with response times under 2 minutes and an expanding Telegram channel.
• XM has updated its platform with integrated TradingView charts and an XM AI assistant for faster execution, smarter analysis, and a more intuitive trading experience.
• XM offers over 1,400 instruments for short-term trading, including unique turbo stocks, fractional shares, and thematic indices.

Cons

• 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.
• Although generally trusted and well-regulated in some areas, XM also has global entities registered with weaker regulators like FSC (Belize) and FSA (Seychelles). Additionally, it no longer accepts UK clients, limiting its market reach.

Go to XM

74.12% of retail accounts lose money.

Why Trade With Grand Capital?

Grand Capital might attract traders who use MetaTrader, as well as passive investors interested in copy trading and LAMM solutions. However, it lacks strong regulatory oversight and has a history of regulatory warnings.

James Barra
Review Author

Pros

• Demo competitions with cash prizes
• Broad choice of payment methods and account currencies.
• Fast and easy account opening

Cons

• High spreads on some assets
• Limited regulatory oversight
• Left Financial Commission compensation scheme in April 2026

Go to Grand Capital

Why Trade With InstaForex?

InstaForex is a solid option for currency traders who know the MT4 and MT5 platforms. The broker offers more forex pairs than most competitors, with tight spreads and a low minimum deposit.

James Barra
Review Author

Pros

• Various payment methods available, including bank cards.
• A reputable brand with over seven million investors in the past 15+ years.
• Access to a wide market with hundreds of assets

Cons

• Mixed user reviews on third-party sites, with some complaints about withdrawal issues.
• The broker’s website and Client Cabinet can be hard to navigate.

Go to InstaForex

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.92% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the risk of losing your invested funds.

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How We Chose These No-Deposit Bonus Brokers

• We checked whether no-deposit bonuses were available at 59 online forex brokers, covering providers that cater to the full spectrum of retail investors.
• We verified that the bonus offer is definitely available to residents in Malaysia by asking their support or signing up and claiming the offer from an IP address in Kuala Lumpur.
• We scrutinised the bonus terms and conditions to make sure that there was definitely no deposit needed to access the credit and to make sure any withdrawal or other restrictions were clear.

The result of this methodical process is an intentionally short selection of no-deposit forex bonuses that Malaysian residents should be able to have confidence in considering.

Grand Capital confirmed on support that their NDB is available in Malaysia

4 Things To Check Before Accepting A Bonus Offer

Below are specific things to confirm before opening a forex trading account to claim a no-deposit offer:

1. Read the terms and conditions carefully. We may have summarised the main terms in the comparison table above, especially in terms of withdrawal restrictions, but you need to understand these fully. For example, if you receive a RM200 no-deposit bonus (or currency equivalent) with a 7-lot turnover stipulation, you’d need to open and close forex trades totalling 7 standard lots (about $700,000, or roughly RM3 million, in notional currency exposure) before you’d be eligible to withdraw any profits. And if you try to withdraw before the turnover requirement is satisfied, the broker may cancel the bonus. Also keep in mind almost every no-deposit bonus we’ve evaluated doesn’t let you withdraw the trading credit itself – just gains generated from it. Some strategies, such as scalping and arbitrage, are also sometimes prohibited.
2. Check whether the platform provides access to the currency pairs you want to trade. For Malaysian residents that may be FX pairs that contain the Malaysian Ringgit (MYR), such as USD/MYR, NZD/MYR, and MYR/VND. The best way to check this is through a demo account. However, be warned that most forex brokers we’ve tested do not offer trading on MYR forex pairs, as they’re less widely traded, and when they are available, spreads tend to be wider and execution can be slower.
3. Check whether the broker offers an account based in Malaysian Ringgit (MYR). Unfortunately not many brokers offer MYR-based trading accounts, which can make managing deposits, trades and withdrawals smoother with fewer FX conversion fees if you’re a Malaysian resident. Keep in mind that if you switch to a live account once you’ve used the bonus credit, it may be based in a more widely used currency, such as SGD or USD, which could bring with it foreign exchange fees.
4. Double-check you’ve not used the broker before. Most forex brokers do not allow previous or existing clients to sign up for a no deposit bonus. If they see you’re using the same name, email, telephone number or IP address, they may cancel the bonus. This won’t be a problem for most traders but it could be for those who frequently move between online brokers looking for the best sign-up offers.

Incorrect No Deposit Bonuses Advertised In Malaysia

Lots of comparison websites show no deposit bonus offers to forex traders in Malaysia that aren’t running anymore, can’t be claimed by Malaysian residents, or are from providers the SC has expressly warned against. We’ve compiled a list of these offers.

Decided a no-deposit bonus isn’t for you? You can try some of the top-rated brokers in Malaysia with a small deposit or demo account.