10 Best Forex Trading Platforms in Malaysia 2024 (2024)

AvaTrade – Best Risk Management Tools

Regulated by eight international authorities, AvaTrade offers a range of trading platforms, including MT4, MT5, AvaOptions, AvaSocial, and its award-winning AvatradeGO mobile trading app.

Trading Platform Features: Its user-friendly proprietary AvatradeGO app is available for both Android and iOS and has an excellent dashboard with easy trade management tools, clear charts, and a Market Trends feature to monitor trading trends within the AvaTrade community. It also features AvaTrade’s AvaProtect tool, which provides loss protection for a limited time. Other app highlights include a market trends monitor, zoom function and seamless synchronisation with AvaTrade’s webtrader.

MT4 and MT5 have a range of indicators and EAs and provide free access to the integratedTrading Centraldashboard for both platforms.

Execution: Avatrade’s execution policy states that it takes all factors into account, including account price, costs, speed, the likelihood of execution and settlement, to ensure fast execution of trades across all its platforms.

Trading Costs:Avatrade’s single account features some of the tightest spreads for a commission-free account with a 100 USD minimum deposit – as low as 0.9 pips on the EUR/USD.

Accepts Malaysian Clients. Spreads start at 0.90 pips on theEUR/USD on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA.

Octa – Best Trading Tools

Octa is regulated by CySEC of Cyprus and is a reliable broker for Malaysian traders. It offers a great range of trading tools on MT4 and MT5 and its user-friendly OctaTrader Web Platform.

Trading Platform Features: All trading platforms offer one-click trading, a range of analytics tools, a profit calculator, and built-in real-time market news features. Octa also offers an Account Monitoring tool that allows traders to monitor their accounts and sort by balance, gain, trades, and account type. Autochartist, the industry-standard signals provider, is available with a 500 USD minimum deposit.

Execution: Octa offers market execution on both its available accounts, with orders fulfilled in less than 0.1s, which is fast for the industry.

Trading Costs: Octa offers two standard accounts both with a minimum deposit of 25 USD. Spreads start at 0.6 pips (EUR/USD), which is extremely tight compared to other brokers, and there are no commissions for Forex trading. Additionally, it does not charge swap (overnight) fees on either of its accounts.

Accepts Malaysian Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 and Octatrader platforms supported. Octa is regulated by CySEC, FSCA, MISA, and is registered in St Lucia.

Tickmill – Lowest Commission Accounts

A trustworthy broker with MT4 and MT5 support and two of the lowest-cost trading accounts in the industry, Tickmill is a well-regulated broker with oversight from some of the world’s top authorities, including the Financial Services Authority of Labuan Malaysia, the FCA of the UK, and CySEC of Cyprus.

Trading Platform Features: MT4 and MT5 are available on IOS, Android, and Windows mobile phones and tablets. Tickmill also offers an Advanced Trader Toolkit, which integrates directly into the platforms, providing a range of advanced trading tools, user-configurable news and information, and trade analysis. It also includes an array of sophisticated alarms and messaging systems, and live sentiment and correlation tracking.

Execution: Tickmill offers a hybrid execution model with both market-making and straight-through processing. It guarantees an average execution time of 0.20 seconds of trades with no-requotes.

Trading costs: Tickmill has some of the lowest trading costs in the industry. Its commission-free Classic Account has a minimum deposit of 100 USD and spreads of 1.6 pips (EUR/USD), which is slightly above the industry average. But its Pro Account, also with a 100 USD minimum deposit, has spreads of 0 pips (EUR/USD) and a commission of 4 USD, which is extremely low. It also has a VIP Account, with a 0 pips (EUR/USD) spread and a commission of 2 USD, but this has a minimum deposit of 50,000 USD, putting it out of the reach of most traders.

Accepts Malaysian Clients. Average spread EUR/USD 0.00 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 and MT5 platforms supported. Tickmill is regulated by CySEC, FCA, FSCA, DFSA, and the FSA-Seychelles.

Pepperstone – Best Range of Trading Platforms

Established in 2010 and ASIC-regulated, Pepperstone is one of our highest-rated brokers, globally renowned for its choice of trading platforms, including MT4, MT5, cTrader, and TradingView.

Trading Platform Features:All of Pepperstone’s platforms offer automated trading, strategy backtesting, customisable charting, and a range of indicators, and integrate with Autochartist, one of Pepperstone’s free trading tools. TradingView, a relatively new platform, offers even more advanced charting abilities, including custom timeframes, over 100,000 custom-built indicators, and integrated financial analysis.

Execution:Pepperstone offers market execution on all its accounts, with orders fulfilled in less than 0.1s, which is fast for the industry.

Trading Costs: Pepperstone offers some of the lowest trading fees in the industry, and there is no required minimum deposit to open an account. The commission-free Standard Account offers spreads starting from 1.00 pips (EUR/USD), while the Razor Account has an average spread of 0.10 pips (EUR/USD) in exchange for a low commission of 7 USD per lot.

Accepts Malaysian Clients. Average spread EUR/USD 1.00 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 200:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, CySEC, SCB, CMA, BaFin and the DFSA.

IC Markets – Best Customer Support

An excellent all-round broker with a very high trust rating and exceptional customer service, IC Markets was founded in 2007 in Australia and holds licences from some of the strictest regulators in the world. IC Markets is well-known for its choice of trading platforms, including MT4, MT5, and cTrader, and wide range of trading tools. It also offers 24/7 customer support – a huge benefit to traders who may want to set up on the weekend.

Trading Platform Features: IC Markets supports all three major trading platforms – MetaTrader 4, MetaTrader 5, and cTrader – providing traders with a broad choice of environments to suit their needs. Alongside these, the broker also provides an array of trading tools for each platform, including VPS services, Trading Central, and various copy trading services. These tools aid traders in making informed decisions, enhancing the trading experience.

Execution: IC Markets’ average execution speed is under 40ms once the order is received, which ensures traders can effectively capitalize on market movements.

Trading Costs: IC Markets stands out for its competitive pricing structure, offering lower trading costs than most other brokers. The Raw Spread Account is particularly cost-effective, featuring average spreads of 0.10 pips (EUR/USD) for a low commission of 6 USD (round turn) per lot.

Accepts Malaysian Clients. Average spread EUR/USD 0.10 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 & cTrader platforms supported. IC Markets is regulated by CySEC and ASIC.

XM – Best Broker for Beginners

An excellent all-round broker with a very high trust rating and exceptional customer service, XM was established in 2009 and is regulated by some of the world’s most esteemed financial authorities. XM has garnered acclaim among beginners for its selection of trading platforms, MT4 and MT5, and excellent research and education materials. Furthermore, its trading app is beginner-friendly, ensuring that new traders can navigate the platform and execute trades with ease.

Trading Platform Features: XM supports both MetaTrader 4 and MetaTrader 5 trading platforms, catering to a wide spectrum of trader needs. Additionally, the broker furnishes these platforms with various trading tools, including VPS services and diverse copy trading services. These features empower traders to make well-informed decisions, thus enriching their trading experience. Its beginner-friendly app is intuitive and well-designed and allows traders to easily open and close positions on the move.

Execution: XM is renowned for its rapid and reliable order execution, with 99.53% of all trading orders executed in under one second.

Trading Costs: XM distinguishes itself with some of the lowest fees in the industry. All of XM’s accounts have a minimum deposit of just 5 USD, making them highly accessible, especially to beginners. Spreads start at 1.6 pips on the EUR/USD on its two commission-free accounts. However, on its Zero Account, spreads come down to 0 pips in exchange for a commission of 7 USD (round turn).

Accepts Malaysian Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the Belize FSC.

HFM – MT4/MT5 + Premium Trader Tools

HFM is a well-regulated broker and has a long history as a reliable broker for Malaysian traders. HFM also offers premium trading tools on MT4 and MT5 and its new mobile trading app, which integrates with the MT5 desktop platform and has an easy-to-use interface.

Trading Platform Features: HFM has recently upgraded its mobile trading app, which is now highly customisable and easy to use. It also offers MT4 and MT5 mobile apps on Android and iOS. HFM’s MT4 and MT4 platforms also benefit from HFM’s suite of Premium Trader Tools. These include customisable news and data feeds, live sentiment and correlation tracking, sophisticated alarms and messaging and advanced trade management.

Execution: All HFM trading platforms feature one-click trading, even on the HFM mobile app. HFM also offers an Execution Desk service, where trades can be opened and closed over the phone with their trading desk based in London.

Trading Costs: HFM’s trading costs depend on which account you open. It offers three standard accounts and two specialised copy trading accounts, but beginners will be drawn to the Micro Account, with a 5 USD minimum deposit and reasonable trading fees with the spread starting at 1 pip on the EUR/USD.

Accepts Malaysian Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4 & MT5 platforms supported. HF Markets Group regulated by the FSCA, FCA, FSC, CySEC and the DFSA.

FP Markets – Best Trading Tools

An ASIC-regulated Forex broker with an excellent reputation, FP Markets offers support for MT4, MT5, and the cTrader platform alongside a vast range of trading tools, including Autochartist, a Trader’s Toolbox, VPS services, and copy trading services.

Trading Platform Features: Although FP Markets offers the standard versions of MT4 and MT5, they are transformed into state-of-the-art trading platforms with its Trader’s Toolbox. The Toolbox includes customisable news and data feeds, live sentiment and correlation tracking, tick charts, session maps, sophisticated alarms and messaging and advanced risk management tools.

Execution: FP Markets offers fast execution on its MT4 and MT5 platforms and DMA execution on its IRESS platform. DMA trading means less intervention between the trader and the underlying market and, therefore, no re-quotes.

Trading Costs: FP Markets offers a Standard and Raw account on the MetaTrader platforms both with a minimum deposit of 100 USD. Spreads start at 1 pip (EUR/USD) on the Standard Account, which is average for the industry, and 0.1 pips (EUR/USD) on the Raw Account in exchange for a commission of 6 USD, which is very competitive. The three commission-based IRESS Accounts have much higher minimum deposits: Starting at 1000 AUD for the Standard Account and up to 50,000 AUD for the Premier Account.

Accepts Malaysian Clients. Average spread EUR/USD 0.10 pips with 6 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5, and ctrader platforms supported. FP Markets is regulated by CySEC and ASIC.

Markets.com – Lowest Trading Fees

With regulation from some of the world’s best authorities, including Australia’s ASIC and the FCA of the UK, in addition to the FSCA of South Africa, Markets.com is considered a trustworthy broker for Malaysian traders. It is also listed on the London Stock Exchange, further adding to its credibility. Markets.com provides support for various trading platforms, including MT4, MT5, and its proprietary Markets.com platform.

Trading Platform Features: Markets.com’s proprietary platform is known for its user-friendly interface and advanced analytical tools. It also has other features, such as live market data, sentiment analysis, advanced charting tools, and educational resources available from within the platform.

Execution: Markets.com ensures efficient and swift execution on its platforms, delivering a smooth trading experience. It has numerous processes and procedures in place to ensure traders obtain the best possible execution.

Trading Costs: Markets.com offers a simple account structure with competitive trading costs. Its account is commission-free, with spreads that start at 0.6 pips (EUR/USD) on the lowest tier in exchange for a minimum deposit requirement of 100 USD and lower still on its Platinum Account tier, but this requires an initial deposit of 50,000 USD.

Accepts Malaysian Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 300:1. Islamic account available. MT4 & MT5 platforms supported. MarketsX is regulated by the FCA, CySEC, ASIC, and the BVI FSC.

Admirals – Best MetaTrader Trading Tools

Founded in 2001, Admirals is regulated by some of the world’s top-tier authorities, ensuring a high level of trust and security for Malaysian traders.

Trading Platforms: Admirals offers MT4, MT5, and its own in-house trading app. It also offers the MetaTrader Supreme Edition, a comprehensive plugin that transforms the standard MetaTrader platforms into advanced trading terminals. Integrated into this Supreme Edition is Trading Central, a premier provider of technical analysis, along with several other useful tools, such as advanced order management and charting tools. These tools set Admirals apart from other brokers, providing a richer, more nuanced trading experience. Admirals also offers a Virtual Private Server (VPS) service, ensuring seamless trading performance.

Execution Speed: Admirals prides itself on its fast execution speeds. While the exact speed can vary based on market conditions and the size of the order, it’s important to note that as an ECN broker, Admirals provides direct market access, ensuring some of the fastest execution speeds available.

Trading Costs:Admirals offers extremely competitive trading costs. All accounts have a minimum deposit requirement of 100 USD. The Zero accounts have spreads starting at 0.0pips on the EUR/USD, and a commission of between 1.8 and 3 USD is charged per lot per side, while the Standard Accounts have a 0.5 pip (EUR/USD) spread, and no commissions are charged.

Accepts Malaysian Clients. Average spread EUR/USD 0.80 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 & MT4 Supreme Edition platforms supported. Admiral Markets is regulated by the FCA, ASIC, CySEC, and the JSC.

Features

MetaTrader 4

MetaTrader 5

cTrader

TradingView

Timeframes

9

21

26

Unlimited – customised timeframes

Chart Types

Line, Bar, candlesticks

Line, Bar, candlesticks

Bar, Candlesticks, Line +4 more

Bar, Candlesticks, Line +9 more

EA Trading

Indicators

31

38

55

100+

Pending Order Types

4

6

4

6

Depth of Market

Integrated Economic Calendar

Available as a widget

One Click Trading

Trailing Stop

(But from the terminal side)

(But from the terminal side)

Sentiment Display

Coding Language

MQL4

MQL5

C#

Pine Script

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

Vanessa Marcos
Financial Writer

Vanessa joined the team in 2023. Born and raised in southern Portugal, she has a BA in Journalism and a Master’s in Literary Theory, both from Lisbon University. Since 2011, she has worked in social media, copywriting, content management, ghost-writing, and SEO. Vanessa loves to write, and although she is a generalist in digital marketing, she always draws on her creativity in her work. She is constantly researching new subjects and finds the analytical depth of Forex trading fascinating.