Best Securities Commission Malaysia (SC) Regulated Brokers 2025
We’ve personally tested and ranked the top brokers regulated by the The Securities Commission Malaysia (SC), ensuring high standards of trust and reliability.
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1InstaForex is a broker established in 20072010 that provides Forex and CFD trading services to millions of traders. They offer a wide array of markets including traditional assets like currencies and shares, as well as unique opportunities like IPOs.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Broker | Popularity |
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InstaForex |
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Why Trade With InstaForex?
InstaForex is a leading forex broker offering more currency products than most competitors. Its narrow spreads and low minimum deposits cater to traders of all experience levels, particularly those knowledgeable in the MT4 and MT5 platforms.
Pros
- The broker is beginner-friendly, offering low initial deposits and commission-free trading.
- InstaForex provides an excellent trading setting, equipped with the robust MT4 and MT5 platforms. These platforms include various technical analysis tools, automation features, and several types of orders.
- The broker is an excellent choice for serious forex traders. It offers over 100 currency pairs, narrow spreads starting from 0.0 pips, and a top-tier collection of forex market resources.
Cons
- The broker only offers CFDs for trading.
- Customer support is offered in English, Czech, Polish, and Slovak.
- The broker's website and client interface are not user-friendly, particularly for new traders.
Filters
Understanding the Securities Commission Malaysia (SC)
The Securities Commission Malaysia (SC) is a key player in the financial markets of Malaysia. Its main job is to make sure that the markets are fair, efficient, safe, and transparent. It also helps develop a competitive and innovative capital market in the country. The SC’s responsibilities include making rules, enforcing regulations, overseeing market growth, supervising financial institutions, and overseeing people and companies that are licensed under the Capital Markets and Services Act 2007.
Self-Funded Body
The SC is a self-funded organization, meaning it makes its own money, mainly through fees and levies. It reports directly to the Minister of Finance, and its activities are reviewed by the Malaysian Parliament every year. Information on jobs, press releases, speeches, and publications can be found on the SC’s website.
Contact Information
You can reach the SC at their headquarters in Bukit Kiara, Kuala Lumpur, or via phone at +60 3-6204 8999. You can also find more information on their website, www.sc.com.my, and on their Facebook and Twitter accounts.
History of the SC
The SC was established in Kuala Lumpur on March 1, 1993, under the Securities Commission Act. This Act empowered it to advise the finance minister on capital markets, regulate fund management, and oversee the reform of securities laws.
In 1994, the SC created the Islamic Instrument Study Group, which later became the Shariah Advisory Council, to ensure the Islamic capital market complies with Shariah laws.
Organizational Structure
The SC has over 400 employees, with the board of directors comprising senior management members appointed by the finance ministers of Malaysia. The chairperson, Datuk Ranjit Ajit Singh, has been leading the SC since 2012.
Core Responsibilities & Powers
The SC’s main responsibilities include:
- Developing various segments of the Malaysian capital market, like the stock and bond markets.
- Ensuring market participants follow rules through supervision and enforcement.
- Promoting innovation and digital services in finance.
- Encouraging good governance practices among companies.
- Creating sustainable financial systems.
The SC is also responsible for approving corporate bond issues, regulating the behavior of market institutions, and supervising stock exchanges.
Licensing Process
The SC ensures investor protection through licensing. It assesses companies’ financial health, reputation, and ability to conduct business fairly. The SC governs several laws that regulate these processes, including the 1993 Securities Commission Act.
Guidelines for Brokers
To operate legally, brokers must follow strict guidelines set by the SC. These include having a solid data management system and ensuring customer account security. The SC regulates many forex brokers, but not cryptocurrency brokers like eToro.
Challenges Faced by the SC
The SC has faced criticism for its market screening criteria and lack of focus on sustainability. However, it is working on improving in these areas.
Initiatives & Responses
To improve its services, the SC launched initiatives like peer-to-peer financing platforms for small businesses and developed new frameworks for Islamic funding products.
Conclusion
The Securities Commission Malaysia ensures safe and thorough regulation of financial markets in Malaysia, providing a secure environment for traders. While it has faced challenges, the SC continues to work towards a more transparent and balanced regulatory system.
Frequently Asked Questions
What is the role of the Securities Commission Malaysia?
The SC oversees the making of rules, licensing, and supervising capital market activities in Malaysia.
Where is the Headquarters of the SC?
The SC is based in Bukit Kiara, Kuala Lumpur.
Who manages the SC?
The SC is run by a board of directors and the Chairperson, reporting directly to the Minister of Finance.
Does the SC regulate forex brokers in Malaysia?
Yes, the SC regulates reputable forex brokers in Malaysia. Always check if a broker is licensed by them.
How can you verify if a broker is regulated by the SC?
A regulated broker will mention their SC license on their website, often at the bottom of the page or within the ‘About’ section.