You can make predictions price of currency pairs like USD/GBP or EUR/JPY using a forex broker. You should pick a best broker for forex that provides access to leverage, charting tools, and resources together with a variety of low-cost, tradable marketplaces. Malaysians now commonly engage in forex trading. Malaysians are increasingly using their mobile phones to conduct mobile trading and launch careers in trading. Today, around 80% of Malaysians have access to the internet. Youthful employment in trade occupations has grown concurrently with growing job competition. Traders Union have founded a list of approved forex broker in Malaysia.
Best Brokers for Forex
- Capital.com
Capital.com is among the top forex brokers you should think about working with. One of the top scalping brokers with cheap margin rates and a broad selection of markets, including currencies, is Capital.com. Customers outside of the US will be able to exchange 138 different currency pairs. In addition, when opening an FX trade, Capital.com levies no commissions and no fees for deposits, withdrawals, or inactivity.
- Libertex
Libertex is a well-known trading platform that serves more than 2.2 million consumers while functioning in 11 different nations. The trading platform makes it simple for customers to build a diversified portfolio by providing a range of marketplaces to trade, including currencies. Libertex provides more than 50 forex pairs, including majors, crosses, and exotics. Libertex is fantastic since there are no spread fees applied to the available currencies, allowing users to deal at “real cost.”
- Skilling
A fintech startup with Scandinavian ownership, Skilling, provides over 900 financial instruments for trading via a user-friendly web platform. Customers can trade Skilling’s currency pairs through MT4 on the platform, which is governed by CySEC. Trades can be made on more than 70 currency pairings, with 0% commissions. Additionally, there are no additional fees because Skilling includes its fee in the bid/ask spread.
- ETRADE
ETRADE is one of the top forex brokers if you’re an expert derivatives investor who wants to trade currency futures. From EUR and CAD to GBP and NZD, ETRADE supports a wide range of currency futures. Depending on the futures market you choose, minimum standards and tick counts will change.
- Schwab
Schwab is next on our list of top forex brokers available right now. This financial instrument might be a wonderful method to safeguard your portfolio from changing interest rates by hedging against them. In addition, we appreciate that Schwab offers DIY and portfolio builder options for investing in currency ETFs.
Approved Forex Broker in Malaysia
- Tickmill
The best MT4-licensed and regulated forex broker in Malaysia are Tickmill, which provides one of the lowest trading commissions in the forex market. It is a great site to trade and is comparable to platforms like CMC markets in that it provides low spreads, cheap trading costs, no requotes, and simple deposit and withdrawal methods.
- ICM Capital
ICM Capital is a trustworthy CFD trading and online forex broker in Malaysia. ICM Capital is proud of how well its deals are executed. For a Malaysian trader who is an experienced trader, this top forex broker in Malaysia offers over 120 copy trading items on the MT4 trading setup on various account kinds.
- Plus500
The finest forex broker, Plus500 Ltd, states that its main business is “online trading in ‘contracts for difference’ delivered through a proprietary trading website over the site and other electronic channels.” For consumers looking for access to a variety of financial services, trading products with minimal transaction costs, and a straightforward, practical platform that allows them to place their, Plus500 is the finest forex broker.
- Interactive Forex Brokers
In 1978, Interactive Forex Brokers, a major US discount broker offering forex and CFD trading, was founded. It is ideal for day traders, casual and expert Malaysian forex traders, different types of margin accounts, educational resources, and excellent research and statistics. Some of the cheapest trading commissions are offered by interactive forex brokers.
- Rakuten Securities
ASIC-licensed forex broker Rakuten Securities is reputable. The broker is adequately regulated but does not provide a deposit bonus. As a broker, Rakuten Securities does not charge inactivity fees, and opening an Islamic account is simple. According to user feedback, the mobile website is well-designed and easy to use.
