Low Spread Forex Brokers in Malaysia

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Many brokers have establishments in Malaysia, but not all of them have competitive spreads. If you're a trader with specific needs to trade in a low spread environment, the list below can be a good recommendation.

For your information, low spreads are especially beneficial for scalpers, day traders, other strategy users that focus on short-term trading, and traders who want to minimize trading costs in general.


May 10 2024

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Score Broker EUR/USD GBP/USD USD/JPY GBP/JPY USD/CAD EUR/AUD EUR/JPY EUR/GBP NZD/USD USD/CHF

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Given the importance of spreads in day trading, it is essential to find a broker that offers low spreads. Lower spreads can help day traders reduce their trading costs, which in turn can lead to increased profits.

It is noteworthy that IC Markets stands out in this regard because it offers lower spreads compared to its counterparts. For instance, the average spread on the EUR/USD for IC Markets' standard account is around 0.62 pips while FP Markets' is around 1.2 pips.

Continue Reading at Broker for Day Trading: FP Markets or IC Markets?

Established in 1996, the statutory body is responsible for developing and administrating the Labuan International Business and Financial Centre (Labuan IBFC) to promote and develop Labuan as an international center for business and financial services. Labuan IBFC complements Malaysian financial industry through its strong regulatory and supervisory functions that are developed in accordance with international standards.

Continue Reading at Top Forex Brokers for Malaysian Traders

These are some of the best Malaysian brokers to consider:

  1. Tickmil: LFSA with License Number MB/18/0028.
  2. FBS: LFSA with License Number MB/18/0028.
  3. IFC Market: LFSA with License Number MB/20/0049.
  4. ICM Market: LFSA with License Number MB/18/0029.
  5. Hirose: LFSA with License Number MB/15/0006.
  6. Deriv: LFSA with License Number MB/18/0024.
  7. XM Malaysia: Not regulated by the LFSA.

Continue Reading at Top Forex Brokers for Malaysian Traders

Not only holds a license from local agencies like LFSA, a good broker for Malaysian traders should operate in the country and has a headquarter or at least a branch office there. This is to strengthen their presence in the Malaysian finance industry as well as optimize their service for clients who need offline consultations.

Malaysia is globally known as a Muslim country that has anchored Islam in its constitution as a state religion. Therefore, it is crucial for a forex broker in Malaysia to ensure that their service adheres to Sharia Law. This is usually accommodated into an Islamic or swap free account that eliminates swap rates for overnight positions.

Continue Reading at Top Forex Brokers for Malaysian Traders