There are a large number of Forex brokers offering their services in Malaysia, but not all of them can be considered reliable. Other factors to consider are trading conditions, fees, etc. Traders Union experts published a rating of the Best Forex Brokers Malaysia in 2023, featuring reliable brokers regulated by respected financial regulation authorities.
How the best brokers in Malaysia were selected
With the wide variety of Forex brokers offering their services to traders in Malaysia, it is very difficult to choose the best one. Traders Union experts reviewed and evaluated the operation of the most popular brokerage companies in the country using the following criteria:
- regulation;
- availability of services in Malaysia;
- minimum deposit;
- choice of trading assets;
- trading conditions;
- deposit/withdrawal options.
Experts also considered such features as analytics, education for beginners, and quality of the support service. Availability of an Islamic account is an important condition for traders from Malaysia.
Best Forex Brokers Malaysia by Traders Union
Traders Union experts analyzed a multitude of factors to determine the 21 best Forex brokers for residents of Malaysia. The list features the following companies:
- Admiral Markets
- RoboForex
- Exness
- Tickmill
- IC Markets
- PocketOption
- Amarkets
- Forex4you
- InstaForex
- XM Group and others.
For example, IC Markets offers rather attractive conditions. The minimum deposit is $200, and the spread starts from 0 pips. The broker also offers Islamic accounts for Muslim traders.
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