HomeTrading PlatformsBest Online Brokers and Trading Platforms in Malaysia

Best Online Brokers and Trading Platforms in Malaysia

If you are online trading out of Malaysia, several online brokers and platforms exist that support your chosen market, whether stocks, commodities, Forex, or Crypto.

When searching for the best platform in Malaysia, the elements to focus on are the offered assets, fees, spreads, commission, and regulations. We’ve done most of the research for you to make deciding easier.

In this guide, we review the best trading platforms in Malaysia.

Best Trading Platforms in Malaysia

  • Skilling
  • eToro
  • Pepperstone
  • XM Group
  • Interactive Brokers
  • SAXO Bank

Skilling – Best Online Broker in Malaysia

Skilling will be one of the best trading platforms in Malaysia for leverage. They offer the highest leverage to retail clients of up to 1:500, a leverage number usually reserved from brokers not licensed by the FSA, CySEC, and the FCA, like Skilling.

You don’t have to apply for the highest limit, often used for exchanging indices and major currency pairs. You can lower the leverage limit to 1:200 with gold or other minor or exotic currency pairs or go even lower for other asset classes. You can expect to go down to a low 1:10 with stock CFDs because you’re still trading at ten times the amount in your Skilling account.

Skilling offers a variety of platforms preferred by the pros, including MT4 and cTrader, but we don’t recommend using them if you’re inexperienced. We recommend using the web-trading platform because it’s straightforward.

Opening an account is quick and easy. You can meet the $100 minimum deposit through various payment methods, including debit and credit cards, e-wallets, or bank transfers.

Pros

  • Great for beginners
  • User-friendly for Android and iOS systems
  • Over 800 financial instruments
  • Commission-free trading and tight spreads
  • Algorithmic trading
  • Compatible with MT4 and cTrader

Cons

  • Doesn’t support ETF Trading
  • The high leverage limit is not for inexperienced traders

 

Pepperstone  РTop Trading Platform for Stock Trading in Malaysia

Pepperstone is among the best Forex trading platforms in Malaysia for CFD exchanges. The platform is regulated by three top-tier financial authorities: the FCA, BaFin, and ASIC. They specialize in Forex, offering one of the most extensive selections of exotic currency pairs than any other Forex broker.

Many platforms are offered, including MetaTrader 4, cTrader, and WebTrader, and a library of educational resources including guides and webinars to improve your knowledge. They provide access to over 65 countries with low-cost spreads and low-latency, high-speed execution.

The selection of over 80 instruments includes Forex, Commodities, Cryptocurrency, Stocks, Indicies, and ETFs.

Pepperstone doesn’t require a minimum deposit, which is a considerable advantage because big CFD markets can require up to $2,000 minimum.

Pros

  • Strict regulation
  • Negative balance protection
  • Low spreads and commissions
  • No account funding fees
  • Best customer support

Cons

  • Offers less than 200 instruments
  • Primarily offers CFDs

 

XM Group – Best for CFD Trading Malaysia

XM Group is one of the online brokerages in Malaysia that specializes in CFD and Forex. With traders in over 196 countries, XM platforms offer no-requotes, tight spreads, fast execution, and low commissions. They are regulated by CySec, ASIC, and the IFSC with over 16 platforms and over 1000 instruments across six asset classes.

Execution is the top priority of the broker, so they offer a no-requote, no-rejections policy with over 99% of trades executed in just 1 second. Platforms offer flexible regulations to suit the needs of all clients and negative balance protection to prevent losing more than you have in your account.

The minimum deposit is $5 for Standard and Micro accounts, which is very low but goes up to $50 for XM Ultra-low accounts and $100 for XM Zero accounts.

Pros

  • Low stock CFD and withdrawal fees
  • Low trading fees
  • Over 25 payment methods
  • 16 full feature platforms
  • $0 fee for deposit and withdrawal

Cons

  • No fixed spreads
  • No investor protection for non-EU users
  • Inactivity fees

 

Plus500 – Best for Asset Diversity

Plus500 is highly recommended if you are searching for the best trading platforms with access to various markets. This CFD trading platform provides access to almost any financial instrument in any market.

You can easily trade stock CFDs from global markets with ETFs, indices, and commodities like oil, gold, silver, and natural gas.

If you’re interested in Forex, this is a great platform to help you gain exposure to trading with digital currencies. It includes a variety of crypto-asset CFD instruments, such as Bitcoin, Ethereum, and Bitcoin Cash.

The market access on Plus500 doesn’t require any trading commission for the very competitive spreads on the platform, and it doesn’t charge for depositing or withdrawing funds.

Plus500 is a MAS-regulated broker that supports payment methods from debit cards, PayPal, and bank transfers. You’re required to pay a $100 deposit, but you have a leverage of 1:300, which will get you much less on other markets.

Pros

  • Commission-free CFD trading
  • Access to CFD markets
  • Heavily regulated
  • Tight spreads with no deposit and withdrawal fees
  • Price alerts and risk management tools
  • Leverage offered for all instruments
  • Low minimum deposit of $100

Cons

  • No copy exchange tools
  • CFDs only

Capital.com – Best Malaysia Online Broker Overall

Capital.com is a top-rated CFD trading platform, so you can trade in thousands of currencies from international exchanges without owning the asset. You predict if the price of an asset will rise or fall, whether you’re using stocks, commodities, cryptocurrencies, or the Forex.

This commission-free broker doesn’t require you to pay any additional fees after the trading fee for the spread. With Capital.com, you can trade with currencies like Bitcoin, Ethereum, Ripple, and stock CFDs in the UK and US. You can even use a demo account before depositing real funds to get a feel for the platform.

Capital.com is one of the top online CFD brokers for trading in Malaysia overall because it’s simple to use and only requires a minimum $20 deposit to get started. The FCA and CySEC regulate it, so your funds are always safe.

Pros

  • Selection of financial instruments
  • Commission-free trading
  • Fee reports
  • Market research and analysis
  • 24/7 customer support

Cons

  • No price alerts

Start Trading

Choosing among the top rated online brokers in Malaysia can be challenging when searching through hundreds of broker platforms. Still, keeping in mind assets, regulations, fees, and leverage can help sort out the platform best suited for your trading goals.

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