To get started with Forex trading, you will need to choose a broker. Forex trading is a popular form of investment in Malaysia due to its low barrier of entry. Unlike trading equities, Forex trading has low deposit requirements to get started, which is a large part of the appeal.
Forex brokers have different minimum deposit requirements but are also different in other ways. Forex brokers can support different Forex trading platforms, which is the software that connects traders to the Forex market. They also have different trading conditions, which affects how much it costs you to make a trade.
The best Forex brokers will be regulated by one or more regulator. There are a few well-respected international regulators and the Securities Commission of Malaysia (SCM) also offers local regulation. Trading with a broker regulated by the SCM will provide local protection, but Malaysian residents are not required to trade with SCM regulated brokers.
Below is our list of the best Forex brokers in Malaysia. Because no single broker is best for everyone, this list represents the best overall brokers as well as those that excel in specific areas that benefit all traders in 2020.