Malaysian forex sits in a regulatory grey zone — BNM regulates banks, the Securities Commission regulates Labuan brokers, and the rest are overseas. What separates a serious broker from a tourist here is FPX support: the local instant-payment rail that 78% of Malaysians have. If a broker doesn't take FPX, they're not really competing for your business.
54 brokers accept Malaysia residents. 7 of those hold a local BNM licence. We currently track and rank 9 for Malaysia below.
From 54 that accept MY residents — the ones we track, scored and sorted by Trust Score.
| # | Broker | Trust | EUR/USD | Min dep. | Leverage | Regulators | 30d | |
|---|---|---|---|---|---|---|---|---|
| 1 | EX ExnessFeatured Est. 2008 · MT4 | 93 | 0.2 | |||||
| 2 | PE Pepperstone Est. 2010 · MT4 | 90 | 1.0 | |||||
| 3 | IC IC MarketsFeatured Est. 2007 · MT4 | 88 | 1.1 | |||||
| 4 | HF HFM Est. 2010 · MT4 | 85 | 0.3 | |||||
| 5 | FX FXTM Est. 2011 · MT4 | 82 | 0.4 | |||||
| 6 | OC OctaFXFeatured Est. 2011 · MT4 | 82 | 0.8 | |||||
| 7 | XM XM Group Est. 2009 · MT4 | 82 | 0.8 | |||||
| 8 | FB FBS Est. 2009 · MT4 | 74 | 0.5 |