Best Brokers in Malaysia

The Ultimate Guide to

Choosing a Broker
For Malaysia

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

• Why City Index scored high for malaysia (Jump to section)
• Who City Index is (and isn’t) suitable for (Jump to section)
• An in-depth feature comparison of the top #3 brokers (Jump to section)
• An overview on malaysia (Jump to section)

Ready?

Part 1

Why Choose City Index
For Malaysia?

City Index scored best in our review of the top brokers for malaysia, which takes into account 120+ factors across eight categories. Here are some areas where City Index scored highly in:

City Index offers three ways to trade: Forex, CFDs, Spread Betting. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

City Index have a A trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority, ASiC and MAS, segregating client funds, being established for over 34 years, and much more. For comparison:

Trust Score comparsion

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who City Index is (& Isn’t)
Suitable For

As mentioned, City Index allows you to trade in three ways: Forex, CFDs, Spread Betting.

To trade with City Index, you'll need a minimum deposit of $100. City Index offers a range of different account types for different traders including a micro account, mini account, .

Finally, City Index isn't available in the following countries: CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW. They do not offer islamic accounts either.

Part 3

A Comparison of City Index vs. vs.

Want to see how City Index stacks up against and ? We've compared their spreads, features, and key information below.

Spread & fee comparsion

Comparison of account & trading features

Part 4

IG

www.ig.com

With sales offices in five continents, and over 152,000 active clients as of May 2016, IG offer a robust platform for traders interested in financial spread betting, Forex and CFDs (contracts for difference). The group first launched as a spread betting firm in 1973, and have continued to be at the forefront of technological and product development within the industry, allowing them to grow in strength, and increase their presence worldwide.

Although IG’s head office is in London, and they are authorised and regulated by the UK’s financial services regulator, the Financial Conduct Authority (FCA), almost half of the group’s revenue now comes from the rest of the world. They have four offices in Asia Pacific, in Singapore, Japan, Australia and China, each of which are also licensed by local regulatory bodies.

As English is widely spoken in Malaysia, the English language version of the website and trading platforms are ideal for Malaysian traders. The IG trading platforms can be tested for free by opening a demo account. Tablet and mobile apps are available, in addition to their Web Trader, L2 Dealer and the industry standard MetaTrader 4 platform. Traders can select Malaysia as their country when opening up a trading account.

Popular financial instruments that can be traded by clients from Malaysia include the Malaysia 30 and the iShares MSCI Malaysia ETF.

AvaTrade

www.avatrade.com

As a well-established, international provider of trading services and products, AvaTrade are a top broker choice for clients from Malaysia. Their head office is based in Ireland, but they have 11 offices around the world, four of which are in the Asia Pacific region. Regulated by the Central Bank of Ireland in the EU, the company are also licensed and regulated by the Australian Securities & Investments Commission (ASIC), and the Financial Services Agency and Financial Futures Association of Japan. As such, they provide clients with a reliable platform for trading financial instruments.

AvaTrade primarily offer contracts for difference (CFDs), and Forex. Just some of the underlying markets that clients have access to including stocks, indices and commodities. Their trading platforms include AvaTradeGO, AvaTradeAct, and the popular MetaTrader 4. Clients can select the most suitable trading platform according to their requirements, and as most are available either online or as an app that can be downloaded onto a range of devices, they are perfect for clients who wish to view their trades whilst on the move.

A wealth of information and educational tools are available through the AvaTrade website, all of which can be accessed in the English language, making it suitable for many Malaysian traders.

Plus500

www.plus500.com

With more than 155,000 active clients in 2016, Plus500 are one of the world’s leading brokers offering contracts for difference (CFDs). As such, they are a top choice for traders from many countries, including Malaysia. Authorised and regulated by the Financial Conduct Authority and Cyprus Securities and Exchange Commission throughout Europe, they are also regulated by the Australian Securities and Investment Commission (ASIC) in Asia Pacific. Client money is held in a segregated account, ensuring optimal protection for clients depositing funds with the firm.

The Plus500 trading platform is easy to use, and available in a range of base currencies. It can be accessed online through a web browser, or as an app that can be downloaded for Android, Windows or iOS devices. The preferred language of the platform can be selected from 32 different languages, including English. Malaysian traders can demo the platform using virtual currency before setting up a live account. Deposits can be made by bank transfer, credit/debit card, or by online payment such as PayPal.