πŸ”₯🎁 #1 XM $50 No Deposit Bonus!
πŸ”₯🎁 #2 JustMarkets $30 No Deposit Bonus!
βœ… ForexMalaysia.My - Forex Trading in Malaysia
Forex Malaysia

Forex Brokers in Malaysia

It is not hard to find a forex broker who makes you feel safe and mentally comfortable, you just have to take into account the important factors in finding a reliable and trusted Forex broker. Essentially, a trusted forex broker is ethical, law-abiding, fully devoted to its clients, and its background in the industry speaks for itself. Such a broker provides quality support, prompt deposits and withdrawals methods, and most importantly, reliable trading conditions so you can take a load off your mind and focus your attention solely on your trading career.

Here we have presented the most successful Forex brokers in Malaysia with years of presence in the forex industry. These brokers are also fully regulated by the top international financial regulatory bodies such as CySEC, FCA, ASIC, and IFSC. They have acquired the very best rate of satisfaction among the traders from all over the world.

Choosing a safe forex broker is your #1 priority for successful trading. To learn more about each reliable forex broker listed below, simply go to the broker
’s β€œreview” page and check out their trading products, account types, platforms, spreads and so on.
Forex broker in Malaysia

List of Trusted and Reliable Forex Brokers in Malaysia 2024

XM Malaysia
XM Malaysia
Minimum Deposit: $1
Account Types: Micro, Standard, Ultra low
Leverage: 1:1000
Spread: Floating
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Webmoney, PerfectMoney, FasaPay, Skrill, Neteller, Local Malaysian Banks

Regulations: CySEC, IFSC, ASIC, FCA
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat, Phone)

FP Markets Malaysia
FPMarkets Malaysia
Minimum Deposit: $100
Account Types: Standard, Raw
Leverage: 1:500
Spread: Floating
Platform: MT4/5, WebTrader, Mobile, Iress

Deposit and Withdrawal: Bank Wire, Credit Cards, Paypal, Skrill, Neteller, FasaPay, Bitcoin & more

Regulations: ASIC, CySEC, FSCA, FSA, ESMA, CMA
Country: Australia
Malaysian Support Desk: Yes (Email, Live chat, Phone)

OctaFx Malaysia
OctaFx Malaysia
Minimum Deposit: $5
Account Types: Micro, Pro, ECN
Leverage: 1:500
Spread: Fixed & Floating
Platform: MT4/5, WebTrader, Mobile, cTrader

Deposit and Withdrawal: Visa Card, Skrill, Neteller, Bitcoin, Local Malaysian Banks

Regulations: CySEC, IBC
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat, Phone)

FBS Malaysia
FBS Malaysia
Minimum Deposit: $1
Account Types: Micro, Cent, Standard, ECN, Zero-Spread
Leverage: 1:3000
Spread: Floating & Fixed
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Webmoney, PerfectMoney, FasaPay, Skrill, Neteller, Local Malaysian Banks

Regulations: CySEC, ASIC, FSCA, IFSC
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat, Phone)

RoboForex Malaysia
RoboForex Malaysia
Minimum Deposit: $10
Account Types: Cent (Micro), Standard, ECN, Prime
Leverage: 1:3000
Spread: Floating & Fixed
Platform: MT4/5, R Trader, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Webmoney, FasaPay, Skrill, Neteller, Local Malaysian Banks

Regulations: FSC
Country: Belize
Malaysian Support Desk: Yes (Email, Live chat, Phone)

JustMarkets Malaysia
JustMarkets Malaysia
Minimum Deposit: $1
Account Types: Cent, Standard, Pro, Raw
Leverage: 1:3000
Spread: Floating
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, PerfectMoney, FasaPay, Skrill, Neteller, Local Malaysian Banks

Regulations: CySEC, FSA, VFSC
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat)

HFM Malaysia
HFM Malaysia
Minimum Deposit: $5
Account Types: Micro, Premium, Zero, Fixed, VIP
Leverage: 1:3000
Spread: Floating & Fixed
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Webmoney, FasaPay, Skrill, Neteller, Local Malaysian Banks

Regulations: CySEC, FCA, FSC, FSB
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat, Phone)

Tickmill Malaysia
Tickmill Malaysia
Minimum Deposit: $100
Account Types: Standard, Pro, VIP
Leverage: 1:500
Spread: Floating
Platform: MT4, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, FasaPay, Skrill, Neteller, Local Malaysian Banks

Regulations: FSA, CySEC, FCA
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat, Phone)

Alpari Malaysia
Alpari Malaysia
Minimum Deposit: $1
Account Types: Nano(Cent), Standard, ECN, ECN Pro
Leverage: 1:3000
Spread: Floating & Fixed
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Webmoney, FasaPay, Skrill, Neteller, Local Malaysian Banks

Regulations: FSA, IBC
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat)

M4Markets Malaysia
M4Markets Malaysia
Minimum Deposit: $5
Account Types: Standard, Raw Spread, and Premium
Leverage: Up to 1:3000
Spread: Floating
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Skrill, Neteller, PerfectMoney, Vload, FasaPay, Sticpay, Bitcoin, Local Malaysian Banks

Regulations: FSA
Country: Seychelles
Malaysian Support Desk: Yes

HYCM Malaysia
HYCM Malaysia
Minimum Deposit: $100
Account Types: Fixed, Classic, Raw
Leverage: 1:500
Spread: Fixed & Floating
Platform: MT4/5, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Skrill, Neteller, Webmoney

Regulations: CySEC, FCA, DFSA, CIMA
Country: UK
Malaysian Support Desk: No (Only English)

FXTM Malaysia
ForexTime Malaysia
Minimum Deposit: $5
Account Types: Cent, Standard, ECN, Zero-Spread, Pro
Leverage: 1:3000
Spread: Floating
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Webmoney, PerfectMoney, FasaPay, Skrill, Neteller, Bitcoin

Regulations: CySEC, FSC, FCA
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat, Phone)

Orbex Malaysia
Orbex Malaysia
Minimum Deposit: $200
Account Types: Classic Fixed, Standard, Premium, VIP
Leverage: 1:500
Spread: Floating & Fixed
Platform: MT4, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Webmoney, FasaPay, Skrill, Neteller

Regulations: CySEC, FSC, FCA
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat)

AETOS Malaysia
Aetos Malaysia
Minimum Deposit: $50
Account Types: General, Premium
Leverage: 1:400
Spread: Floating
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Skrill, Neteller

Regulations: ASIC, FCA
Country: Australia
Malaysian Support Desk: No

BDSwiss Malaysia
BDSwiss Malaysia
Minimum Deposit: $100
Account Types: Classic, VIP, RAW
Leverage: 1:500
Spread: Floating
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Skrill, Neteller, Bitcoin, Local Malaysian Banks

Regulations: FSC, FSA
Country: Mauritius
Malaysian Support Desk: Yes (Email, Live chat, Phone)

LiteForex Malaysia
LiteForex Malaysia
Minimum Deposit: $10
Account Types: Cent, Classic, ECN
Leverage: 1:500
Spread: Floating
Platform: MT4/5, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Webmoney, PerfectMoney, Skrill, Neteller, Local Malaysian Banks

Regulations: IBC
Country: Marshall Island
Malaysian Support Desk: Yes (Email, Live chat)

IronFx Malaysia
Ironfx Malaysia
Minimum Deposit: $100
Account Types: Micro, Standard, ECN, Zero-Spread, VIP
Leverage: 1:3000
Spread: Floating & Fixed
Platform: MT4, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Webmoney, PerfectMoney, FasaPay, Skrill, Neteller, Bitcoin, Local Malaysian Banks

Regulations: CySEC, FCA, ASIC
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat, Phone)

Oinvest Malaysia
Oinvest Malaysia
Minimum Deposit: $250
Account Types: Silver, Gold, Platinum
Leverage: 1:400
Spread: Floating
Platform: MT4, WebTrader, Mobile

Deposit and Withdrawal: Bank Wire, Credit Cards, Skrill, Neteller, Local Bank Deposit

Regulations: FSA
Country: Seychelles
Malaysian Support Desk: No (Only English)

πŸ‘Œ Choose your Forex broker in various categories:
1
Do you not have enough cash to pursue your trading goals? Here’s a solution: open a Micro Account to minimize your risks while trading in micro-lots and with smaller deposits. Get the best bang for your buck with top-notch Micro Forex brokers and reap the benefits.
2
Fresh out of the demo practice? Take your time and get to know the real Forex market with a Cent account. It helps you practice real trading and feel the real thrill of the FX market while keeping yourself safe in a low-risk trading environment. That’s right, trade in Cents!
3
Costs are an inevitable part of doing business. Still, you can manage and minimize your Forex costs by trading with low-spread Forex brokers. Stop getting overcharged and maximize your profits with Forex brokers that offer the lowest spreads in the market!
4
Is there a way to minimize your risks and make the outcome of your Forex trades more predictable? Yes, you can try the services of fixed spreads Forex brokers. More transparent prices, less risky trading conditions, and more accurate calculations in terms of spreads, which will remain the same under any market conditions.
5
Say goodbye to slippage and low order execution! Access the giant Forex market in real-time via the ECN Forex Brokers. Experience much tighter spreads, ultra-fast ECN environment, instant trading execution, and never lose money during those pesky millisecond glitches.
6
Is it possible to trade with zero spread? Of course, it is! Zero spread Forex brokers that offer ZERO difference between the BIDs and ASKs prices are available and ready to serve you. Trade Forex without any spread to eliminate annoying and unnecessary costs.
7
Have you started trading only recently? No worries! Stand on the shoulders of the Forex giants, and generate profits with copy trading. Follow and copy trading strategies from professional traders brought to you by prominent Forex brokers.
8
Leverage is a double-edged sword; it can either multiply your profits or add to your losses depending on the circumstances. Additionally, it should only be used as a complement to your trades with trustworthy Forex brokers.
9
In the finance world, Bitcoin trading is considered the in thing now! It has brought about new challenges for modern-day traders. Find Bitcoin Forex brokers that can give you first-class services and educate you properly to deal with these challenges.
10
Who says that stock trading is expensive? Find the best low-cost and small-deposit services in stocks and CFD trading via notable stock trading Forex brokers. Trade conveniently using an assortment of international shares.
11
Looking to invest in something timeless and invaluable? Gold trading is the answer. Gold is considered a priceless currency whose value keeps increasing. Seize this golden opportunity by investing in Gold via the best gold trading Forex brokers.
12
Crude oil – as a liquid, limited, and extremely valuable asset – has a significant place in the world’s economy. It goes to show that this lucrative asset can diversify your trading portfolio if traded properly via reliable oil trading Forex brokers.
13
Afraid of the high-risk Forex trading? Try metal trading. Many traders choose metals because they can be considered as safe-havens and their price is more stable than other trading instruments. Start now by choosing the best metals trading Forex brokers.
14
Are your trades backfiring due to bad internet connections? VPS automated trading service comes to your aide! Set your strategy and let it work in the background even when your computer is shut down. Find the most secure and modern VPS Forex Brokers here.
15
Is it possible to trade with no interest or swap? Of course! Use an Islamic account. But bear in mind that some brokers offer unfavorable trading conditions. That’s why you should choose carefully from the list of reliable Islamic Forex brokers to trade swap-free!
16
As a popular trading platform, MetaTrader 5 or MT5 has proven to be a superior tool for trading Forex, stocks, futures, and CFDs. This platform allows multi-asset trading with comprehensive price analysis, various execution models, and many other benefits. That's why you should start your trading journey by choosing the best MT5 Forex brokers.
17
MetaTrader 4 or MT4 has become the most popular trading platform for years, which can enhance your trading experience in Forex market. As the most powerful and convenient tool for technical analysis and trading, you can have access to various charts and analytical tools, Expert Advisor, trading signals, news alerts, and other useful features.
18
Invest in Forex market via Forex PAMM Accounts - A shortcut for new traders who want to invest in the Forex market without having to learn all of its complicated details. Find a professional manager to trade in your Forex account.
19
Deposit and withdraw you trading funds via one of the most popular international payment method - Paypal. Easily use your debit/credit card or bank account connected to your your paypal at Forex brokers accepting paypal funding option.

How to choose a trusted & reliable Forex broker?

A Forex Broker acts as a mediator between you and the Forex market which is why you need to be very cautious about choosing the right broker. There are many Forex Brokers out there, more so than before, due to the ever-growing nature of Forex. When you decide to go with a certain Forex broker in Malaysia, the reliability and trustworthiness of that broker should be at the top of your checklist. A Reliable Forex Broker ought to be qualified from several perspectives, as listed below:
Is your Forex Broker fully regulated?
The regulation is one of the key factors to consider before anything else. You cannot entrust your funds to any random Forex Broker that you come across. It is imperative to thoroughly investigate the FX Broker of your choice in terms of safety, security, and reliability by simply taking into account which supervisory authority oversees their overall financial activities i.e., an administrative body which regulates Forex brokers in the interest of the public. Regulated Forex Brokers are required to be financially stable, provide segregated accounts for their customers, offer proper pricing, quality order execution, and most importantly ethical and fair business methods.

It's better to make sure that the chosen Forex Broker is headquartered in a country where a certain regulatory body enforces laws and regulations; for instance, the CySEC of Cyprus, FCA of the UK, ASIC of Australia, IFSC of Belize and other relevant authorities. Working with a Forex Broker that is not regulated and answers to no authority could put you at financial risks. A non-regulated Forex Broker is not under any obligation to process your transactions, give you the correct required charts or data, or support you in any way. Additionally, if you choose to work with an unauthorized broker, you do so at your own risk, and can't redeem your losses or officially complain to authorities since they are not members of a compensation fund scheme or any organization of that kind.

Learn more about Forex regulation & licensed Forex brokers.
Forex Broker's Customer Support
The quality of a Forex Broker's Customer Support says a lot about them. The services that you require from a Forex Broker need to be available at all hours (24/5) considering the level of activities in the FX Market. Customer support should be within your reach via various methods including email, live chat, and phone calls just to make you more comfortable. The support staff has to be well-informed and well-mannered to answer all your questions and guide you to the best of their knowledge, so you'd know if you can count on them when a real problem occurs. You can review their overall response time and effort through live chat to see how they approach your questions about spreads, leverage, regulations, or any other details that you want to know. They should listen to your concerns patiently and offer their support to address your needs. Otherwise, you need to go to another Forex Broker whose support department would help to make your trading experience all the more rewarding.

An active Forex Broker in your region that offers support in your local language could be very helpful, especially if you are not very good at English. This also means that you will receive the best support to face your problems faster.
Various Trading Accounts and Conditions
Forex Brokers that offer different trading conditions and trading accounts such as Standard, Micro, Mini, ECN, and Demo (for practice) do not limit you to a few choices, and with them, you can select an account type that fits your trading needs. So you can choose a trading account based on the trade volume, spread, commission or any other aspect that you're comfortable with. New traders and low depositors usually go with a Micro Forex Account in which they can trade in smaller sizes. Those who can afford to invest more capital, particularly skilled traders, choose the Standard Account. In Micro and Standard accounts, the traders are only required to pay a spread fee which is either fixed or floating depending on the Forex Broker. ECN Forex Brokers provide their customers with the best buy and sell prices which they have acquired directly from the interbank market. ECN accounts come with low and floating spreads but for every transaction that you make a commission will be charged.
Spread, Commission, Leverage, and Order Execution
Forex traders are required to pay a spread - the difference between the Bid and Ask prices - to their Forex Brokers. The spread is offered either as fixed or floating which can be chosen according to your trading requirements. The fixed spread, as the name suggests, stays the same regardless of the size of your trade. The floating spread, however, changes with the market movements and is usually offered as low as 1 pip. So you need to consider which spread type fits your trading strategies and choose accordingly. Forex Brokers earn a profit by charging a spread for the clients' transactions. Some Brokers charge higher spreads to earn more money while others offer lower fees for their services to attract more customers. Dealing Desk Brokers (Market Makers) set the spread price for every currency pair ranging from 2-3 pips. Forex traders are always looking for the lowest spread Forex Brokers in order to reduce their own trading costs.

Forex is known for its high leverage, and there are Forex Brokers who offer high leverage ranging from 1:50, 1:100 or even as high as 1:3000. Aggressive traders tend to use leverage at its maximum level and take bigger risks, cautious traders, on the other hand, might want to approach leverage more carefully to stay on the safe side.

Another important issue is the speed and quality of order execution, especially for scalpers, EA users, and those who trade more often. Moreover, Scalpers are more interested in ECN Forex Brokers through which they can receive better and friendlier trading conditions including the lowest spreads, no re-quotes, and ultra-fast order execution.
Offered Trading Platforms
The offered platforms come in various forms such as desktop, web-based, and mobile-based. Traders can choose a suitable platform according to their trading requirements. The most commonly used trading platform in Forex is MetaTrader 4. You should be able to depend on your trading platform not to lag or completely crash during your trades, particularly when an important event happens, or a global economic surge hits the news. A reliable trading platform guarantees that you won't miss your chance to make a trade because of some unexpected errors. A trading platform must be easy to use so you can trade or close an order within seconds without any difficulties. A reliable trading platform should have the necessary features such as one-click trading, stop-loss management, setting limits, and handling various order types.
Forex Broker's Deposit and Withdrawal Methods
Every Forex Broker offers somewhat different deposit and withdrawal methods to its clients. Ideally, you need a broker whose payment systems are user-friendly, fast, and secure. Traders can now fund their accounts via Bank Wire and Credit Cards (Visa, Mastercard, etc.) at many Forex Brokers. Forex Brokers also accept online payment systems including WebMoney, Skrill, Neteller, FasaPay, Bitcoin and PerfectMoney because of their speed, ease of access, and worldwide popularity. Funding time in Bank Wire transactions is usually up to a few business days, while with online payment systems, deposits and withdrawals are processed very quickly (Deposits are made instantly and withdrawals in few hours or within a working day).

Moreover, Forex brokers that are active in specific regions may accept funding via local banks. For example, the clients from Malaysia are able to use their accounts with the local Malaysian banks as a depositing method directly from their personal cabinet. In this way, the Malaysian traders can fund their Forex account faster and easier withdraw the funds (e.g., any earned profits) to their local bank account (in Ringgit).

Go to Forex Deposit & Withdrawal in Malaysia to learn about all the payments methods offered by Forex brokers in Malaysia.

Licensed & regulated Forex Broker in Malaysia

If you are still a newbie in the foreign exchange business, it is essential to be cautious in every decision you make, most notably in choosing the right Forex broker for your trading plans and goals.

Unlike stocks, trading in the foreign exchange market does not have a particular place or center that can be monitored and organized. That is why Forex is the go-to destination for international scam artists who want to defraud their gullible clients.

Therefore, before making a decision and registering on a broker
’s website, always make sure that your Forex broker is properly regulated for safe and secure trading experience.
licensed forex brokers in malaysia
πŸ‘Œ Forex Broker Regulation and License
Foreign exchange regulation is a set of financial rules administered to all financial corporations and companies as well as traders who operate in the currency market. The regulations are laid down to make sure that all parties involved in this global and decentralized market work fairly and ethically.

As the biggest financial market with a daily turnover above $5 trillion, Forex works on an international scope with no particular center. Because in the Forex market, unlike the stock exchange, various participants of different financial levels operate, including banks, commercial companies, Forex brokers, as well as corporate and retail traders.

Therefore, a special governmental organization or independent institution is formed to supervise and control the market activities within a set framework. This special institution is known as a Forex regulator or Forex regulatory body. These regulators are responsible for keeping all forex participants in check to make certain that they abide by the regulations and conduct fair business practices.

International Forex Regulatory Bodies & Licensed Forex brokers in Malaysia

πŸ›‘οΈ 1. FCA

The Financial Conduct Authority of the UK is one of the most prominent regulatory bodies in the Forex business. Even though the FCA enforces strict rules and policies, it is still considered quite open and friendly to Forex offshore operators.

Moreover, the FCA is an independent public institution, which guarantees a fund program as high as 50,000 GBP as insurance for traders and investors in the case of financial disputes.

The FCA
’s main objective is to protect consumers, safeguard and enhance the integrity of the UK financial system, and ensure effective competition between consumers in the Forex business.
FCA Regulation
XM Malaysia
XM Malaysia
XM FCA License #: 705428
Other Regulations: CySEC, IFSC, ASIC

Headquartered: Cyprus

Tickmill Malaysia
Tickmill Malaysia
Tickmill FCA License #: 717270
Other Regulations: CySEC, FSA

Headquartered: Cyprus

HFM Malaysia
HotForex Malaysia
HFM FCA License #: 600473
Other Regulations: CySEC, FSA, DFSA

Headquartered: Cyprus

HYCM Malaysia
HYCM Malaysia
HYCM FCA License #: 186171
Other Regulations: CySEC, CIMA

Headquartered: Cyprus

FXTM Malaysia
FXTM Malaysia
FXTM FCA License #: 777911
Other Regulations: IFSC, FCA

Headquartered: Cyprus

Aetos Malaysia
Aetos Malaysia
AETOS FCA License #: 592778
Other Regulations: ASIC

Headquartered: Australia

πŸ›‘οΈ 2. CySEC

As the world
’s top destination for Forex brokerage business, Cyprus has an independent regulatory agency called the Cyprus Securities and Exchange Commission (CySEC), which operates under the European MiFID regulations.

MiFID or Markets in Financial Instruments Directive has been enforced to provide free entrance services to its members within the European Union countries. Brokers that have acquired a license from a MiFID
’s regulatory agency member will be able to operate their business in MiFID’s other member countries.

The CySEC is a respected regulatory agency that attracts numerous foreign Forex brokers and companies due to its slightly lighter regulations and minimal capital requirements. Many financial companies choose to obtain a license and join CySEC
’s jurisdiction to operate within the European market. The capital protection offered by the CySEC is the maximum of 100,000 USD within the European Union zone.
CySEC Regulation
XM Malaysia
XM Malaysia
XM CySEC License #: 120/10
Other Regulations: FCA, IFSC, ASIC

Headquartered: Cyprus

FBS Malaysia
FBS Malaysia
FBS CySEC License #: 331/17
Other Regulations: IFSC, ASIC, FSCA

Headquartered: Russia

HFM Malaysia
HotForex Malaysia
HFM CySEC License #: 183/12
Other Regulations: FCA, FSA, DFSA

Headquartered: Cyprus

Tickmill Malaysia
Tickmill Malaysia
Tickmill CySEC License #: 278/15
Other Regulations: FCA, FSA

Headquartered: Cyprus

HYCM Malaysia
HYCM Malaysia
HYCM CySEC License #: 259/14
Other Regulations: FCA, CIMA, DFSA

Headquartered: Cyprus

FXTM Malaysia
FXTM Malaysia
FXTM CySEC License #: 185/12
Other Regulations: IFSC, FCA

Headquartered: Cyprus

πŸ›‘οΈ 4. IFSC

Belize is a country located in Central America that upholds strict privacy laws and zero tax structure for overseas income, making the country one of the safest and most secure places for investment. That is why Belize
’s International Financial Service Commission (IFSC) is famous among Forex brokerage companies.

The IFSC is responsible for supervising companies and individuals operating in Belize
’s financial sector and ensures that they conduct business according to the Belize government’s rules and guidelines.
IFSC Regulation
FBS Malaysia
FBS Malaysia
FBS IFSC License #: IFSC/60/230/TS/18
Other Regulations: CySEC, ASIC, FSCA

Headquartered: Russia

XM Malaysia
XM Malaysia
XM IFSC License #: IFSC/60/354/TS/19
Other Regulations: FCA, CySEC, ASIC

Headquartered: Cyprus

RoboForex Malaysia
RoboForex Malaysia
RoboForex IFSC License #: IFSC/60/271/TS
Other Regulations: CySEC, FSA

Headquartered: Cyprus

πŸ›‘οΈ 3. ASIC

The Australian Securities and Investments Commission (ASIC) is Australia
’s independent government agency that supervises and regulates Australian financial markets. They license and control all parties involved in Australian financial markets, and make sure that they comply with their legal obligation for fair and transparent market operations.
ASIC Regulation
FBS Malaysia
FBS Malaysia
FBS ASIC License #: 426359
Other Regulations: CySEC, IFSC, FSCA

Headquartered: Russia

XM Malaysia
XM Malaysia
XM ASIC License #: 443670
Other Regulations: CySEC, IFSC, FCA

Headquartered: Cyprus

Aetos Malaysia
Aetos Malaysia
AETOS ASIC License #
Other Regulations: FCA

Headquartered: Australia

How are Forex Brokers in Malaysia Licensed & Regulated?

As a new trader, you have to understand completely how Forex brokers are regulated. This way, you will be better equipped with sufficient knowledge before working with a certain forex broker.

Furthermore, Forex brokers that want to operate in a particular country must be registered by the country
’s respective regulatory institution. As each regulator has different specific rules and requirements, the basic principles of those regulations can be summarized as follows:

1. Valid License

Before registering on a broker
’s website, you have to make sure that your Forex broker operates under an active and valid license acquired from the regulatory agency in the relevant jurisdiction. Regulated Forex Brokers will display the regulatory agency’s name on their websites and are registered on the agency’s active list.

2. Segregated Accounts

Your regulated Forex broker is required to keep its clients
’ funds in segregated bank accounts, completely separate from the company’s operational funds. Therefore, in case something unfortunate happens, the broker’s creditor will not be able to access your financial account and use your money to settle the broker’s debt.

3. Regular Reviews and Audits

All regulated Forex brokers are bound to periodic inspections and audits to make sure they have complied with the regulation. The audit frequency varies depending on the regulatory body.

4. Sufficient Capital Requirement

To be able to operate as a regulated Forex broker actively, a brokerage company needs to have a sufficient amount of capital, based on the regulator
’s requirement. For example, the IFSC requires its members to have a minimum of 100,000 USD as operating capital, whereas this requirement for the members of the FCA is a minimum of 1 million GBP.

5. Risks Disclosure

Check your preferred broker
’s website and find out if they display an early warning regarding the high risks involved in the Forex business. A regulated Forex broker is required to display a risk disclosure to warn their future clients that trading in the Forex market involves a certain level of risks.

Importance and Advantages of licensed Forex Brokers

The Forex market is the most appealing business in the financial world that offers a huge amount of revenues almost as big as the risks involved. When you pick a Forex broker, it means that you are choosing a business partner that you need to trust with not only your personal information but also your capital and investments.

Choosing a well-respected Forex broker that is regulated by one or more regulatory agencies will not only provide a safer and more secure trading experience but also gives you various following advantages:

1. Trading Protection

The Foreign exchange market is highly prone to financial frauds. Unregulated brokers are often scammers who rob traders out of their money and leave them in huge debts.

Trading with a regulated Forex broker will definitely protect your assets against these types of financial frauds. Regulated brokers are constantly monitored by the regulatory agency, and if you ever find yourself in a bind, you can bring your complaints against them to a higher authority.

2. Insurance and Compensation

Even if your regulated broker turns out to be unstable and goes bankrupt, they are still obligated to provide appropriate compensation to their clients. The amount of compensation depends on their regulatory agency.

3. Fund Security and Transparency

As previously mentioned, regulated Forex brokers must keep their clients
’ money in different bank accounts separate from the company’s funds, and additionally, they have to be regularly reviewed and audited.

Therefore, you can be sure that your investment will not be mixed with the broker
’s capital, and your broker can always process your withdrawal requests. Besides, you’d be more confident in your trading operations knowing that your broker’s activities will continually be reviewed by the regulator so no trading manipulations can occur.

It is always best to confirm whether your Forex broker is regulated before registering and opening a live account. You can start by finding the regulator
’s name on the broker’s website or ask the customer support if you can’t find one. Then, you can double-check with the regulator’s list on their website to make sure that the license is still valid and active.

In conclusion, it is highly recommended for you to work only with regulated Forex brokers because Forex regulations supervise and bind brokerage companies, so they do not go around scamming their clients.