Forex in Malaysia

Forex trading is legal in Malaysia, although The Bank Negara Malaysia (BNM), the financial authority in Malaysia, places restrictions. A law states that it is not allowed for any Forex trader in Malaysia to deal in currencies without an authorized broker in Malaysia. Traders living abroad are not subject to this regulation.

List of best Forex brokers in Malay

Here you can find a list of global reliable Forex brokers online offering service in Bahasa Malaysia for traders living abroad.

Popularity
Min. Deposit RM5
ECN (min. deposit) RM400
Leverage ≤1:3000
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $5
ECN
Leverage ≤1:3000
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $100
ECN (min. deposit) $100
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓
No Deposit Bonus $30
Popularity
Min. Deposit $5
ECN
Leverage ≤1:1000
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
ECN
Melayu
Platforms MT4 ✓ MT5 ✓ cTrader ✓
Popularity
Min. Deposit $10
ECN (min. deposit) $10
Leverage ≤1:2000
Melayu
Platforms MT4 ✓ MT5 ✓
Bonus $30
Popularity
Min. Deposit $200
ECN
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓ cTrader ✓
Popularity
Min. Deposit $100
ECN
Leverage ≤1:400
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
ECN
Leverage ≤1:2000
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $100
ECN (min. deposit) $200
Leverage ≤1:3000
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $50
ECN (min. deposit) $500
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $100
ECN (min. deposit) $100
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $1
ECN
Leverage ≤1:1000
Melayu
Platforms MT4 ✓ MT5 ✓
No Deposit Bonus $30
Popularity
Min. Deposit $10
ECN
Leverage ≤1:1000
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
ECN
Melayu
Popularity
Min. Deposit $100
ECN
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $25
ECN
Leverage ≤1:1000
Melayu
Popularity
Min. Deposit $10
ECN (min. deposit) $500
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $1000
ECN (min. deposit) $1000
Leverage ≤1:400
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $10
ECN
Leverage ≤1:200
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $20
ECN
Leverage ≤1:1000
Melayu
Platforms MT4 ✓ MT5 ✓
Bonus 120%
Popularity
Min. Deposit $200
ECN
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓ cTrader ✓
Popularity
ECN
Leverage ≤1:200
Melayu
Platforms MT4 ✓
Popularity
Min. Deposit $30
ECN (min. deposit) $500
Leverage ≤1:3000
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $1
ECN (min. deposit) $2000
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓ cTrader ✓
Popularity
Min. Deposit $10
ECN (min. deposit) $10
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓ cTrader ✓
Popularity
Min. Deposit $100
ECN (min. deposit) $100
Leverage ≤1:200
Melayu
Platforms MT4 ✓
Popularity
Min. Deposit RM40
ECN (min. deposit) RM40
Leverage ≤1:2000
Melayu
Platforms MT4 ✓ MT5 ✓
No Deposit Bonus $50
Popularity
Min. Deposit $100
ECN
Leverage ≤1:1000
Melayu
Platforms MT4 ✓
No Deposit Bonus $30
Popularity
Min. Deposit $10
ECN
Leverage ≤1:1000
Melayu
Platforms MT4 ✓ MT5 ✓
No Deposit Bonus $100
Popularity
Min. Deposit $1
ECN (min. deposit) $100
Leverage ≤1:500
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $1
ECN
Leverage ≤1:3000
Melayu
Popularity
Min. Deposit $100
ECN (min. deposit) $100
Leverage ≤1:1000
Melayu
Platforms MT4 ✓
Popularity
ECN
Leverage ≤1:30
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $100
ECN (min. deposit) $100
Leverage ≤1:30
Melayu
Platforms MT4 ✓
Popularity
Min. Deposit $50
ECN (min. deposit) $500
Melayu
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $1
ECN
Leverage ≤1:1000
Melayu
Platforms MT4 ✓ MT5 ✓
No Deposit Bonus $10

Forex trading in Malaysia is legal and regulated by the Securities Commission Malaysia (SCM). The SCM oversees the activities of licensed financial institutions and ensures that they comply with the regulations set out by the Central Bank of Malaysia (BNM).

Individuals and institutions can participate in forex trading through licensed financial institutions such as banks, securities companies, and money brokers. These institutions are required to register with the SCM and must adhere to strict rules and regulations to ensure that the forex market remains fair and transparent.

However, it is important to note that there are also illegal forex trading activities in Malaysia, often carried out by unlicensed individuals or entities. These illegal activities can include fraud, money laundering, and other criminal activities. Therefore, it is important for traders to only use licensed and regulated institutions for their forex trading activities.

Overall, forex trading in Malaysia is legal and regulated, but traders should exercise caution and only use licensed and reputable institutions for their trading activities.

What is Forex?



Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from Sunday evening until Friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.

Forex trading



Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, Forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.

What is a broker?



Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.