$1
Lowest minimum deposit
FBS, Valetax and Headway let you open a live account with $1, the smallest amount in this table.
Malaysia Best Forex Brokers Rated and Reviewed: Compare 9 Top Brokers Side by Side
Minimum deposit, leverage, spreads, broker type and licence numbers for nine popular forex brokers in one table, with a short review of each so you can pick the right one before you invest.
Malaysia Best Forex Brokers Rated and Reviewed: What You Need to Know Before You Invest
9 brokers · 7 data points
This forex broker review table compares nine brokers on the seven data points that decide your trading costs and safety. Search, filter or sort to find a broker that fits your budget, then read its full broker review below.
9 of 9 brokers
| Broker | Min. Deposit | Max. Leverage | Broker Type | Min. Spreads | Foundation Year | Country | Others |
|---|---|---|---|---|---|---|---|
 RoboForex | $10 | 1:2000 | Market Making (MM) | 0.0 pips | 2009 | Belize | RoboForexBroker Profile |
| RoboForex is regulated by Belize FSC, license No. 000138/7. | |||||||
 FBS | $1 | 1:3000 | ECN/STP | 0.0 Pips | 2009 | Belize | FBSBroker Profile |
| FSC (Belize), CySEC (Cyprus), and ASIC (Australia) | |||||||
 Doo Prime | $10 | Up to 1:1000 | ECN/STP | 0.0 Pips | 2018 | Cayman Islands | Doo PrimeBroker Profile |
| ASIC, FCA UK, SEC, VFSC, TCSP Hong Kong, FSC Mauritius, FSA Seychelles | |||||||
 Valetax | $1 | 1:2000 | Market Maker/ECN hybrid | 0.0 Pips | 2019 | Greater China, Thailand, Vietnam, Malaysia, Africa, Europe | ValetaxBroker Profile |
| Regulated by Mauritius Financial Services Commission “FSC”, license Nr. GB21026312 registered in Mauritius under registration number 180644 | |||||||
 Admiral Markets | $100 | Up to 1:500 | ECN/STP | 0.01 Pips | 2001 | United Kingdom | Admiral MarketsBroker Profile |
| ASIC, FCA, CySEC, EFSA, IIROC, JSC | |||||||
 InstaForex | $100 | 1:500 | ECN/STP | 0.0 pips | 2007 | Russia | InstaForexBroker Profile |
| Registered with FCA (UK), Reference number 728735 | |||||||
 Headway | $1 | 1:1000 | ECN/STP | 0.0 pips | 2023 | South Africa | HeadwayBroker Profile |
| Regulated by FSCA (Financial Sector Conduct Authority), license number 52108 | |||||||
 JustMarkets | $10 | 1:3000 | STP/NDD | 0.0 Pips | 2012 | Seychelles | JustMarketsBroker Profile |
| FSA (Seychelles), CySEC (Cyprus), VFSC (Vanuatu) | |||||||
 Elev8 | $25 | 1:1000 | STP/ECN | 0.6 Pips | 2011 | Comoros Union | Elev8Broker Profile |
| Elev8 Markets Incorporated, SVGFSA license no. 19776 IBC 2011 | |||||||
No broker matches that search. Try a name such as “FBS” or a regulator such as “FCA”.
Data checked on . Leverage and spreads depend on account type and the entity that opens your account. Always confirm on the broker's site.
Quick Picks: Which Forex Broker Fits Your Needs?
Each pick comes straight from the comparison table above. Choose the line that matches what matters most to you.
1:3000
Highest leverage
FBS and JustMarkets offer the highest leverage on this page. Use it with small lot sizes and a stop loss on every trade.
7
Most licences listed
Doo Prime lists seven regulators, including ASIC and FCA UK. Check which of its entities will hold your account.
2001
Longest track record
Admiral Markets has been in business for 25 years, the longest track record in this list.
Forex Broker Reviews: Each Broker at a Glance
A short, plain review of every broker in the table: what it does well, who it suits and the one thing to check before you sign up. Open the full profile for platforms, account types and payment methods.
RoboForex Review
- $10 min
- 1:2000
- Market Making (MM)
- Since 2009
RoboForex has served retail traders since 2009 and runs a market-making model, which means the broker can take the other side of client trades. You can open an account with $10, trade with leverage up to 1:2000 and see spreads quoted from 0.0 pips.
- Good for
- Small accounts that want high leverage and a long-running brand.
- Watch out
- Its only licence is from Belize FSC, an offshore regulator with lighter client protection than the FCA or ASIC.
FBS Review
- $1 min
- 1:3000
- ECN/STP
- Since 2009
FBS combines the lowest entry point in this list, $1, with the highest leverage, 1:3000. The group works through entities regulated in Belize, Cyprus and Australia, so the protection you get depends on which entity opens your account.
- Good for
- Beginners who want to try live trading with very little money.
- Watch out
- 1:3000 leverage multiplies losses as fast as gains, and the CySEC and ASIC entities cap retail leverage at 1:30.
Doo Prime Review
- $10 min
- 1:1000
- ECN/STP
- Since 2018
Doo Prime was founded in 2018 and lists the widest set of licences in this review, from ASIC and the FCA to authorities in Vanuatu, Mauritius and Seychelles. Accounts start at $10 with ECN/STP execution and leverage up to 1:1000.
- Good for
- Traders who want a broker group with top-tier licences on record.
- Watch out
- International clients are usually served by an offshore entity, so read the client agreement to see which licence covers you.
Valetax Review
- $1 min
- 1:2000
- Market Maker/ECN hybrid
- Since 2019
Valetax launched in 2019 and focuses on traders in Asia, Africa and Europe. It runs a hybrid market maker and ECN model, accepts deposits from $1 and offers leverage up to 1:2000 under a Mauritius FSC licence.
- Good for
- Low-budget traders in Asian and African markets who want local payment options.
- Watch out
- It holds one mid-tier licence, and a hybrid model means some orders may be filled in-house.
Admiral Markets Review
- $100 min
- 1:500
- ECN/STP
- Since 2001
Admiral Markets, now trading as Admirals, has the longest history in this table, active since 2001, and holds licences from the FCA, ASIC, CySEC and three more regulators. The $100 deposit and 1:500 maximum leverage are more conservative than the rest of the list.
- Good for
- Traders who rank regulation and track record above leverage.
- Watch out
- The higher $100 minimum, and retail leverage of 1:30 for UK, EU and Australian clients.
InstaForex Review
- $100 min
- 1:500
- ECN/STP
- Since 2007
InstaForex has operated since 2007 and is one of the best-known forex brands among traders in Russia and Asia. It asks for $100 to start, uses ECN/STP execution with leverage up to 1:500 and lists FCA reference number 728735.
- Good for
- Traders who want a long-established brand with a large client base.
- Watch out
- Look up reference 728735 on the FCA register and confirm that your account is opened under that entity.
Headway Review
- $1 min
- 1:1000
- ECN/STP
- Since 2023
Headway is the newest broker in this review, launched in 2023 and regulated by South Africa's FSCA under licence 52108. It accepts $1 deposits, uses ECN/STP execution and allows leverage up to 1:1000.
- Good for
- New traders who want a $1 start with an FSCA licence behind it.
- Watch out
- A short track record, so there is less history on withdrawals and service to judge it by.
JustMarkets Review
- $10 min
- 1:3000
- STP/NDD
- Since 2012
JustMarkets, formerly JustForex, has been active since 2012 and holds licences in Seychelles, Cyprus and Vanuatu. Its STP/NDD model passes orders to liquidity providers, deposits start at $10 and leverage reaches 1:3000.
- Good for
- Traders who want no-dealing-desk execution with very high leverage.
- Watch out
- The CySEC entity serves EU clients only; other countries are onboarded through the offshore entities.
Elev8 Review
- $25 min
- 1:1000
- STP/ECN
- Since 2011
Elev8 lists 2011 as its founding year and the Comoros Union as its base. It has the widest minimum spread in this table at 0.6 pips, with a $25 deposit and leverage up to 1:1000 on STP/ECN accounts.
- Good for
- Traders who prefer all-in spreads without a separate commission.
- Watch out
- SVGFSA registration is a company registration; the St. Vincent regulator says it does not license or supervise forex brokers.
How We Review Forex Brokers
Every broker on ForexItem is measured against the same six points. We collect the data from the broker's own documents and the regulator's public register, then recheck it whenever a broker changes its terms. Since 2013 we have tracked more than 60 brokers this way.
Regulation and licence
Which authority licenses the broker, the licence number, and which entity onboards clients from your country.
Trading costs
Typical and minimum spreads, commission per lot, swap rates and any deposit, withdrawal or inactivity fees.
Minimum deposit
How much money you need to open a live account and whether the cheapest account has worse conditions.
Leverage and margin
Maximum leverage per entity, margin call and stop-out levels, and negative balance protection.
Execution model
Whether orders go to outside liquidity (ECN, STP) or are filled in-house by a market maker.
Withdrawals and support
Payment methods, how fast withdrawals arrive, and how quickly support answers a real question.
Broker Types Explained: ECN, STP, NDD and Market Maker
The “Broker Type” column tells you how your order is filled. It affects your spreads, your commissions and whether the broker profits when you lose.
| Type | How your order is filled | Typical cost | On this page |
|---|---|---|---|
| ECN | Matched against prices from banks and other liquidity providers in a shared network. | Raw spreads from 0.0 pips plus a commission per lot | FBS, Doo Prime, Valetax, Admiral Markets, InstaForex, Headway, Elev8 |
| STP | Passed straight through to a liquidity provider without a dealing desk. | Slightly wider spreads, often no commission | FBS, Doo Prime, Admiral Markets, InstaForex, Headway, JustMarkets, Elev8 |
| NDD | No dealing desk. An umbrella term that covers ECN and STP. | Variable spreads that widen during news | JustMarkets |
| Market Maker | The broker fills the order itself and takes the other side of the trade. | Fixed or variable spreads, rarely a commission | RoboForex, Valetax (hybrid) |
No type is automatically safer. A market maker is not a scam, and an ECN account is not free: what protects you is the regulator and the entity that holds your money.
Leverage and Spread Cost Calculator
See how much margin a trade locks up and what the spread costs you before you open it. The example uses EUR/USD, where one standard lot is 100,000 euros and one pip is worth $10.
Higher leverage lowers the margin you need, but it does not lower your risk per pip. The pip value and the spread cost stay the same whatever leverage you choose.
How Strong Is Each Broker's Regulation?
Not every licence protects you the same way. We group the regulators named in our table into four tiers.
| Tier | Regulators on this page | What it usually means for you |
|---|---|---|
| Tier 1 | FCA (UK), ASIC (Australia), CySEC (Cyprus), EFSA (Estonia), IIROC (Canada) | Segregated client money, strict capital rules, retail leverage capped at 1:30, and compensation schemes such as the UK's FSCS (up to £85,000) or Cyprus ICF (up to €20,000). |
| Tier 2 | FSCA (South Africa), FSC (Mauritius), JSC (Jordan) | A real licence with reporting duties, but fewer compensation schemes and higher leverage allowed. |
| Tier 3 | FSC (Belize), FSA (Seychelles), VFSC (Vanuatu) | Offshore licences with light capital rules and very high leverage. Most have no compensation scheme. |
| Registration | SVGFSA (St. Vincent and the Grenadines) | A company registration only. The SVG authority says it does not license or supervise forex trading. |
How to check if a forex broker is regulated
- Find the licence number. It is usually in the website footer or the legal documents page.
- Search the regulator's own register. Use the FCA Register, ASIC Professional Register or the CySEC website, never a link the broker sends you.
- Match the details. The company name, licence number and website domain on the register must match the broker's site.
- Check your entity. Your client agreement names the company that opens your account. That company's licence is the one that protects you.
- Look for warnings. Regulators publish lists of clone firms and unauthorised brokers. Search the broker's name there too.
Red flags that should stop you
- Promises of guaranteed or fixed monthly profits
- A licence number that does not appear on the regulator's register
- Calls or messages pushing you to deposit more
- Withdrawals delayed again and again, or new fees at withdrawal time
- Bonus terms that lock your own deposit until you trade a huge volume
- Only a company registration, with no financial licence
Malaysia Best Forex Brokers Rated and Reviewed FAQ
What should I look for in a forex broker in Malaysia?
Look for proper regulation by authorities like the Securities Commission Malaysia (SC). Check for competitive spreads, reliable customer support, and strong trading platforms.
Are forex brokers in Malaysia regulated?
Yes, legitimate brokers are regulated by the SC. Always verify a broker's license before opening an account.
Can I use international forex brokers in Malaysia?
Yes, Malaysian traders can use international brokers. However, ensure the broker is regulated by reputable global authorities.
Is forex trading legal in Malaysia?
Yes, it’s legal if done through regulated brokers. Avoid unlicensed brokers or platforms.
How can I deposit or withdraw money with forex brokers in Malaysia?
Most brokers accept bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
Forex Featured Brokers
-
JustMarkets
$30 welcome bonus
- Leverage 1:3000
- Min deposit $10
- STP/NDD
-
Valetax
$1 minimum deposit
- Leverage 1:2000
- FSC Mauritius
- MM/ECN hybrid
-
RoboForex
120% deposit bonus
- Leverage 1:2000
- Min deposit $10
- Market maker
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Before You Open an Account
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