The 5 best CFD Forex brokers in Malaysia revealed. We have explored and tested several prominent CFD Forex brokers for forex trading in Malaysia and this is a complete guide to the Top 5 CFD Forex brokers in Malaysia.
In this in-depth guide you’ll learn:
- The Best CFD Forex Brokers in Malaysia (2025) – a List
- The Best, Biggest, and Largest CFD Forex Brokers in the World for Beginners and Pro Traders
- CFDs vs Stocks – Which is Better for Trading?
- CFDs vs Forex – What is the Difference?
- CFD Broker – A Definition/Meaning
- CFD Forex Trading – A Definition + Example
and much, MUCH more!
The 5 Best CFD Forex Brokers in Malaysia – A Comparison
| 🔎 Broker | 📈 CFDs | 📉 Trust Score (99) |
| 🥇 OctaFX | ✅Yes | 61 |
| 🥈 HFM | ✅Yes | 83 |
| 🥉 XM | ✅Yes | 84 |
| 🏅 Alpari | ✅Yes | 95 |
| 🎖️ FXPro | ✅Yes | 90 |
The 5 Best CFD Forex Brokers in Malaysia (2025)
- ☑️ OctaFX – Overall, the Best CFD Forex Broker in Malaysia (2025)
- ☑️ HFM – Best Broker for Experienced CFD Traders
- ☑️ XM – Commission-Free stocks and ETFs
- ☑️ Alpari – Best for Traders New to CFD Investing
- ☑️ FXPro – Excellent Account opening process and Customer Support
The 5 Best CFD Forex Brokers in Malaysia
Here, we have rounded up the 5 best CFD Forex Brokers in Malaysia that offer access to these instruments as well as a regulated environment, excellent trading conditions, and great trading platforms.
OctaFX
OctaFX has been offering its clients low entry requirements and a wide range of trading alternatives since its debut in 2011. OctaFX has received numerous accolades from the financial trading community for the quality of its online trading services and platforms. Two different broker firms are using the OctaFX name.
Customers can take advantage of more leverage and other benefits because OctaFX is a brand of Octa Markets Incorporated, a company incorporated in St. Vincent and the Grenadines.
OctaFX is a fantastic choice for traders in Malaysia looking for a low-cost gateway into trading many asset classes. While foreign exchange (FX) trading is the platform’s primary focus, trading in other asset types is also possible.
OctaFX Overview
| 🔎 Broker | 🥇 OctaFX |
| 📌 Regulation | Financial Services Authority in Saint Vincent and the Grenadines (SVG FSA), and Cyprus Securities and Exchange Commission (CySEC) |
| 📍 BNM Regulation | None |
| 📈 Trading Accounts | MetaTrader 4 Habitual Trader Account, MetaTrader 5 Smart Trader Account |
| 📉 Trading Platform | MetaTrader 4, MetaTrader 5, cTrader |
| 💴 Minimum Deposit in MYR | 23,20 MYR or $5 |
| 📊 Trading Assets | Forex Currency Pairs, Index CFDs, Commodities, Cryptocurrencies |
| 💵 MYR-based Account | None |
| 💶 MYR Deposits Allowed | None |
| 🎁 Bonuses for Malaysian traders | ✅Yes |
| 💹 Minimum spread | From 0.6 pips |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
OctaFX Pros and Cons
The Pros of choosing to trade with OctaFX will include:
- ✅ With OctaFX, you can make deposits and withdrawals quickly and securely.
- ✅ The broker provides copy trading accounts via its trading app, facilitates social trading, and welcomes traders of all skill levels and experience through its transparent and secure trading platform.
- ✅ OctaFX offers commission-free trading on all retail investor accounts, as well as tight spreads; Provides Muslim traders with an Islamic Account and a virtual trading account with no limits
- ✅ In addition to a variety of cutting-edge trading tools, OctaFX also provides a wide selection of secure deposit and withdrawal options.
and many more!
However, the Cons of trading with OctaFX may include Limitations on trading instruments, retail account options, and currency basis alternatives are all downsides of using an offshore broker regulated at the lower, less desirable tier 2.
How can Malaysian traders sign up with OctaFX?
To sign up with OctaFX Malaysian traders can visit the signup page, fill it out, and press Open Account or link via their social media profile.
What type of account should CFD traders open with OctaFX?
Which account should be opened depends on the preferred trading platform and the trading instruments you want to trade.
HFM
HFM, launched in 2010, is a well-regulated and globally recognized brokerage firm. HFM provides traders in Malaysia with access to hundreds of global financial markets while trading fairly and transparently. HFM has over 1.5 million registered customers and has received over 25 industry awards since its inception.
Trading CFDs with HFM gives you access to over 1200 markets, including Forex, metals, stocks, bonds, indices, energies, commodities, and exchange-traded funds (ETFs).
Malaysian traders have access to world-class trading platforms with tight spreads and lightning-fast execution to identify possible opportunities in global markets.
HFM Overview
| 🔎 Broker | 🥇 HFM |
| 📌 Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 📍 BNM Regulation | None |
| 📈 Trading Accounts | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 📉 Trading Platform | MetaTrader 4 and MetaTrader 5 |
| 💴 Minimum Deposit in MYR | 23,23 MYR or $5 |
| 📊 Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 💵 MYR-based Account | None |
| 💶 MYR Deposits Allowed | ✅Yes |
| 🎁 Bonuses for Malaysian traders | ✅Yes |
| 💹 Minimum spread | From 0.0 pips |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
HFM Pros and Cons
The Pros of trading with HFM will include the following:
- ✅ EUR/USD has tight, competitive spreads starting at 0.0 pips.
- ✅ A demo account is available for both novices learning to trade and seasoned traders for testing strategies.
- ✅ Deposits allowed in MYR
- ✅ HFM allows traders in Malaysia to trade a variety of asset classes.
- ✅ MetaTrader 4 and 5 are available on desktop, mobile apps, and web-based platforms.
and many more!
However, a Con of trading with HFM may include the Broker only offering a few deposit and withdrawal methods to Malaysian traders.
Can you trade CFD ETFs with HFM?
Yes, you can trade CFD ETFs with HFM as well as Forex, metals, stocks, bonds, indices, energies, and commodities.
How many CFD markets can you access with HFM?
Malaysian traders can access over 1, 200 markets with CFDs on the HFM platform.
XM
Clients of XM.com can use the same trading account to trade FX and CFDs on stock indexes, commodities, stocks, metals, and energy. Beginners and pros in Malaysia appreciate XM’s user-friendly design and sophisticated trading tools.
XM’s order executions are lightning fast, with 99.35 percent of all transactions completed in less than one second, in addition to offering options such as auto trading and having no hidden costs or commissions.
XM Overview
| 🔎 Broker | 🥇 XM |
| 📌 Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📍 BNM Regulation | None |
| 📈 Trading Accounts | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| 📉 Trading Platform | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 💴 Minimum Deposit in MYR | 23,23 MYR or $5 |
| 📊 Trading Assets | Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares, |
| 💵 MYR-based Account | None |
| 💶 MYR Deposits Allowed | None |
| 🎁 Bonuses for Malaysian traders | ✅ Yes |
| 💹 Minimum spread | From 0.0 pips |
| 🆓 Demo Account | ✅ Yes |
| ☪️ Islamic Account | ✅ Yes |
XM Pros and Cons
The Pros of Trading with XM will include:
- ✅ XM has over 5 million active clients worldwide
- ✅ Client funds are guaranteed, and XM provides investor protection to Malaysian traders
- ✅ XM has won several industry awards since its inception in 2009
- ✅ There are no commissions charged on deposits or withdrawals
- ✅ XM is a low-cost forex broker with a high trust score
and many more!
Cons of Trading with XM may include Inactivity Fees and No Fixed Spreads.
Is XM a good match for both beginner and advanced traders in Malaysia?
Yes, XM provides advanced and user-friendly tools and software for both beginner and advanced traders in Malaysia.
Can I trade CFDs without commissions at XM?
Yes, XM offers commission-free trading.
Alpari
Malaysian traders can start trading forex, metals, cryptocurrencies, and commodity futures CFDs with Alpari International. Trading tools, interbank liquidity, innovative trading platforms, and financial news can all help you along the path.
Alpari, which has been in operation since 1998, is a well-established and well-respected broker with over 2 million customers from over 150 countries.
Malaysian traders can use Alpari to trade a wide range of FX and CFD instruments with low spreads, quick execution, and cutting-edge trading tools.
Alpari Overview
| 🔎 Broker | 🥇 Alpari |
| 📌 Regulation | Financial Services Commission Mauritius (FSC), FSCA |
| 📍 BNM Regulation | None |
| 📈 Trading Platform | MetaTrader 4 and 5 |
| 📉 Minimum Deposit in MYR | 464,65 MYR or $100 |
| 📊 Trading Assets | Forex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices |
| 💴 MYR-based Account | None |
| 💵 MYR Deposits Allowed | None |
| 🎁 Bonuses for Malaysian traders | ✅Yes |
| 💹 Minimum spread | From 0.4 pips |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
Alpari Pros and Cons
The Pros of Trading with Alpari include:
- ✅ Alpari is a popular broker in Malaysia.
- ✅ Advanced traders have access to AutoChartist, FxWirePro news, and a variety of other tools.
- ✅ There are dynamic trading accounts that meet the trading needs of many sorts of traders
- ✅ Alpari provides MetaTrader 4 and 5 across devices
- ✅ Alpari has earned multiple accolades during the years that the broker has provided trading services.
and many more!
Cons of Trading with Alpari may include a limited range of financial assets available for trading and there are no fixed spread accounts available.
What assets can Malaysian traders access at Alpari International?
Malaysian traders can start trading forex, metals, cryptocurrencies, and commodity futures CFDs with Alpari International.
Which assets are available as CFDs from Alpari International?
Of the assets available as CFDs, commodity futures CFDs are included.
FxPro
CFDs on Forex, Metals, Futures, Shares, Spot Indices, Spot Energy, and Cryptos are available at FxPro. FxPro, a well-known UK-based NDD broker, is licensed by the FCA, CySEC, FSCA, and SCB to operate in over 173 countries and serve over 1.3 million clients. The company was established in 2006.
FxPro’s proprietary Quotix aggregator, which aggregates rates from more than 12 liquidity sources, makes FxPro a great option for traders in Malaysia if you’re searching for some of the finest pricing in the industry.
FXPro Overview
| 🔎 Broker | 🥇 FXPro |
| 📌 Regulation | FCA, CySEC, FSCA, DFSA, SCB |
| 📍 BNM Regulation | None |
| 📈 Trading Accounts | MT4 Instant Account, MT4 Account (Market Execution), MT5 Account, cTrader Account, FxPro Edge Account |
| 📉 Trading Platform | MetaTrader 4, MetaTrader 5 and cTrader |
| 💴 Minimum Deposit in MYR | 464,65 MYR or $100 |
| 📊 Trading Assets | Forex, cryptocurrencies, energies, stock CFDs, futures, indices, metals |
| 💵 MYR-based Account | None |
| 💶 MYR Deposits Allowed | None |
| 🎁 Bonuses for Malaysian traders | None |
| 💹 Minimum spread | From 0.3 pips |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
FXPro Pros and Cons
The Pros of trading with FXPro will include:
- ✅ FxPro provides a diverse choice of tradable products.
- ✅ FxPro’s spreads are competitive.
- ✅ FxPro offers quick order execution.
- ✅ Malaysian traders have access to a variety of platforms through FxPro.
- ✅ FxPro offers numerous account kinds to Malaysian traders.
- ✅ Malaysian traders have access to third-party technologies for more in-depth investigation.
- ✅ Malaysian traders can make quick deposits and withdrawals.
- ✅ Fixed and variable spread accounts, which provide for greater pricing flexibility
and many, MANY more!
The Cons of Trading with FXPro may include:
- ✅ Limited protection at an offshore entity
- ✅ The FxPro Edge Platform is only available in English
Finally, a fee is paid by Malaysian traders whose accounts become inactive.
Does FxPro offer good pricing to Malaysian traders for CFDs?
Yes, FxPro is known for offering some of the best pricing in the industry.
What is the minimum deposit in Malaysia to open an account at FxPro?
Malaysian traders will need a minimum deposit of 464,65 MYR or $100.
What is a CFD Forex broker?
CFD stands for contract for difference, which is a sort of trading instrument and a popular technique for investors to access financial markets. Brokers provide them with popular instruments such as Forex, commodities, and spot metals.
How to choose the best Forex CFD broker in Malaysia
Malaysian traders must evaluate the following components of a forex CFD broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Malaysians must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirements, commissions and spreads, initial deposits, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Malaysians must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments that the broker offers. Malaysians must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor and Malaysians must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Malaysian trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
- ✅ eBooks
- ✅ Trading guides
- ✅ Trading knowledge on leveraged products
- ✅ A risk warning on complex instruments
- ✅ Educational videos
Research can include some of the following:
- ✅ Trading tools
- ✅ Commentary
- ✅ Status of International Markets
- ✅ Price movements
- ✅ Market sentiments
- ✅ Whether there is a volatile market
- ✅ Exchange Rates
Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Malaysia
In this article, we have listed the best brokers that offer CFDs to Malaysian traders. We have further identified the brokers that offer additional services and solutions to Malaysian traders.
Best MetaTrader 4 Forex Broker – Exness
Overall, Exness is the best MetaTrader 4 broker in Malaysia. Due to its solid regulatory record with several authorities and high leverage ratios, Exness is a broker that many traders favor using. Exness is perfect for Malaysian traders because it provides round-the-clock customer support.
Best MetaTrader 5 Forex Broker – AvaTrade
Overall, AvaTrade is the best MetaTrader 5 broker in Malaysia. AvaTrade, a reputable broker, provides more than 1,250 trading options across numerous financial sectors. Good trading conditions are offered by AvaTrade, especially for traders from Malaysia.
Best Forex Broker for Beginners – XM
Overall, XM is the best forex trading platform for beginners in Malaysia. XM allows a variety of trading strategies, but it is especially friendly to novice traders. For those who want to learn more about forex trading, XM offers a variety of materials.
Best Low Minimum Deposit Forex Broker – Alpari
Overall, Alpari is the best minimum deposit forex trading platform in Malaysia. Local methods are used by Alpari to take deposits and withdrawals from Malaysian traders. At Alpari, spreads are narrow and commissions are minimal. Additionally, copy trading software is available from Alpari, which also has a trading app.
Best ECN Forex Broker – IC Markets
Overall, IC Markets is the best ECN forex trading broker in Malaysia. One of the few ECN traders with a successful track record is IC Markets. In addition to demo accounts, accounts that adhere to Islamic law, and accounts with lower transaction costs, IC Markets accepts hedging, scalping, and several other trading strategies.
Best Islamic / Swap-Free Forex Broker – FXCM
Overall, FXCM is the best Islamic/swap-free forex trading platform in Malaysia. In terms of retail and institutional foreign exchange (currency) trading and related services, FXCM is a world leader. The first Forex broker to be listed on the New York Stock Exchange was FXCM, which was established in 1999.
Best Forex Trading App – FXTM
Overall, FXTM has the best forex trading app in Malaysia. Three live trading accounts and cutting-edge trading tools are available from FXTM. A demo account at FXTM can be created using any trading account.
Best Forex Rebates Broker – FXPro
Overall, FxPro is the Best Forex Rebates Broker in Malaysia. Over 1.8 million traders are enrolled with the UK-based ECN and STP broker FxPro. Depending on the kind of account and the trading instrument, FxPro offers rebates to traders.
Retail traders can therefore anticipate receiving monthly payments of up to 30% in forex cashback rebates directly into their trading accounts.
Best Lowest Spread Forex Broker – Tickmill
Overall, Tickmill is the best lowest spread forex trading platform in Malaysia. One of the most economical brokers on the market, Tickmill, provides a broad selection of supported trading strategies. With Tickmill, you may trade without paying any fees and fund your account using a variety of methods.
Best Nasdaq 100 Forex Broker – HF Markets
Overall, HF Markets is the best Nasdaq 100 forex trading platform in Malaysia. In addition to offering a wide range of training resources for beginning traders, HF Markets has a minimal minimum deposit requirement for accounts. Leverage at HF Markets can go up to a maximum of 1:1000.
Best Volatility 75 / VIX 75 Forex Broker
Overall, IG is the best Volatility 75/VIX 75 forex trading platform in Malaysia. Beginner traders from Malaysia can enroll in the IG Academy. An extensive selection of advanced trading tools is available to seasoned traders.
Best NDD Forex Broker – FP Markets
Overall, FP Markets is the best NDD forex trading broker in Malaysia. At FP Markets, there are numerous options to deposit and withdraw money. A well-known ECN price model with raw and tight spreads is used by FP Markets.
Best STP Forex Broker – Oanda
Overall, Oanda is the best STP forex trading broker in Malaysia. There’s no minimum deposit needed to use the robust trading tools at Oanda. Additional strong and adaptable trading tools are available on Oanda.
Best Sign-up Bonus Broker – RoboForex
Overall, RoboForex is the best sign-up bonus forex trading platform in Malaysia. You can trade a variety of instruments on RoboForex, which also gives new deposits a 100% bonus.
A closer look at CFD trading for Malaysian Traders
The term “CFD trading” refers to the “buying and selling of CFDs,” where “CFD” stands for “contract for difference.” Because you can speculate on financial markets like shares, currency, indices, and commodities with CFDs without having to buy the underlying assets, they are considered derivative products.
Instead, when you trade a CFD, you consent to exchange the price difference between an asset at the time the contract is opened and at the time it is closed.
One of the key advantages of trading CFDs is the ability to bet on price fluctuations in either direction, with the amount of profit or loss you realize depending on how accurate your forecast was.
How to go short and long on CFDs
You can make predictions about price changes in either direction by using CFD trading. Therefore, in addition to simulating a typical trade that makes money when a market’s price increases, you may also open a CFD position that makes money when the underlying market’s price declines.
In contrast to buying or “going long,” this is referred to as “going short.”
For instance, you could sell a share of CFD on Apple if you believe its stock price will decline. Even though you’ll still trade the price difference between when your position is opened and when it is closed, you’ll make money if the share price falls and lose money if it rises.
Using Leverage when CFD Trading
Because CFD trading is leveraged, you can access a sizable stake without committing the entire cost upfront. Although leverage makes it possible for you to spread your cash out more widely, it’s crucial to remember that your profit or loss will still be determined by the total size of your position.
This means that both gains and losses can be greatly increased in comparison to your investment, and losses can even outweigh deposits. To ensure that you are trading within your means, it is crucial to pay attention to the leverage ratio.
As a result of the small amount of money needed to initiate and maintain a position—the “margin”—representing only a portion of its entire size, leveraged trading is frequently referred to as “trading on margin.”
There are two different forms of margin used in CFD trading. Opening a position requires a deposit margin, and if your trade is on the verge of suffering losses that the deposit margin – and any additional cash in your account – cannot absorb, a maintenance margin may be needed.
If this occurs, your provider could issue a margin call and ask you to top off the cash in your account. The position can be closed and any losses accrued realized if you don’t contribute enough money.
In Conclusion
Overall, regulation and investor protection, the variety of products offered, and trading costs are important considerations to take into account when selecting a CFD Forex broker in Malaysia.
It’s crucial to choose a trustworthy CFD broker that can help you achieve your objectives. Keep in mind that you are allowed to have accounts with multiple CFD brokers.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the financial markets are volatile and could shift and change at any given time, even if the information supplied is correct at the time of going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. You should not start investing capital that you cannot afford to lose, because you could incur a loss of part or your entire original investment.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. This evaluation is comprised of positives, disadvantages, and an overall score based on our findings. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered as financial advice and traders are urged to seek professional financial advice before making any investment or trading decisions.
Frequently Asked Questions
What is better, Forex or CFDs?
The primary distinction between CFD trading and Forex trading is that whereas Forex offers pure currency trading, CFD trading incorporates a variety of contracts spanning a wide range of markets, including indices, energy, and metals.
CFDs vs Stocks: Which is Better for Trading?
In CFD trading, leverage allows traders to open larger positions with a smaller initial deposit. In contrast, stock trading typically does not involve leverage. When you buy a stock, you pay the full price upfront.
CFDs vs Forex – What is the difference?
Forex is short for foreign exchange, an asset class based on the relative values of fiat currencies, whereas CFDs are derivative instruments that trade based on how much and in what direction an asset’s price moves over a set period.
Can you make a living with CFD trading?
Yes, it is feasible to make money with CFD trading. The lengthy and more practical response is that to succeed in the market, you must first improve your trading abilities and possess a lot of discipline, practice, and patience.
What are the qualities of a good CFD Forex broker?
A reputable forex CFD broker should be licensed, have a trustworthy trading platform, have top-notch customer service, have low spreads, provide a variety of deposit and withdrawal options, offer instructional materials, and have a demo account available.
How long should you hold a CFD?
Most markets do not have an expiration date for CFD positions, so you can hold your trade open for as long as you choose.
How risky are CFDs?
Day traders find CFDs appealing because they can employ leverage to trade more expensive-to-buy-and-sell assets. Owing to lax industry regulation, a potential lack of liquidity, and the requirement to maintain a sufficient margin owing to leveraged losses, CFDs can be highly risky.
