After researching and testing various choices, we have compiled a list of the 5 best copy trading platforms offered by Forex brokers in Malaysia. We have also included detailed evaluations of each broker’s performance, dependability, and features to assist you in making an informed decision.
This in-depth guide will teach you:
- What is a Copy Trading Platform?
- The 5 Best Copy Trading Platforms in Malaysia
- Our Final Thoughts on the 5 Best Copy Trading Platforms in Malaysia
- Frequently Asked Questions About The Best Copy Trading Platforms in Malaysia
- Marlie Willemse Rosset
10 Best Forex Brokers in Malaysia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a Copy Trading Platform?
A rising number of traders in Malaysia are investigating Forex trading as a potential investment opportunity, which is changing the financial landscape. To meet the needs of this expanding market, copy trading platforms have made their services more user-friendly.
Thanks to these platforms’ intuitive user interfaces, traders can easily find and follow seasoned traders whose strategies match their risk tolerance and financial objectives. This is especially helpful for traders in Malaysia since it enables them to diversify their trading strategies without needing in-depth market knowledge.
The 5 Best Copy Trading Platforms in Malaysia
To help you trade easily, we have compiled a list of the top five copy trading platforms offered by Forex brokers in Malaysia. We have given special attention to the platform’s stability, compliance with regulations, and overall customer satisfaction.
- ☑️IC Markets– Overall Best Copy Trading Platform
- ☑️AvaTrade– Best Regulated Forex Broker
- ☑️HFM– Several Account Types Available for Different Traders
- ☑️FxPro– Low Minimum Deposit Required to Start Trading
- ☑️Interactive Brokers– Massive Range of Markets Across Several Asset Clauses
1. IC Markets
By delving into the features of IC Markets’ copy trading platform, we found a flexible and powerful option for Malaysian traders. Various copy trading alternatives are available through IC Markets’ integrations with well-known third-party platforms, including ZuluTrade, Myfxbook, and TradingView. Traders in Malaysia can improve their trading experience by choosing a platform that fits their trading style and preferences.
A notable aspect of IC Markets is their exceptionally narrow spreads, which begin at 0.0 pips and can greatly lower trading expenses for copy traders.
Overall Rating Min Deposit USD 200 Regulators ASIC, CySEC, FSA, SCB Trading Platform MT4, MT5, WebTrader Crypto Yes Total Pairs 61 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Traders who want to optimize their profits would find it appealing because lower costs might lead to larger net returns on duplicated trades. Even while it requires rigorous risk management, IC Markets’ high leverage of up to 1:1000 can enhance possible rewards.
IC Markets is justifiably proud of its cutting-edge IT systems. The broker’s servers, housed in the Equinix NY4 data center, guarantee fast execution speeds and minimal latency. Copy trading and other high-frequency trading strategies benefit significantly from this. Efficient execution can ensure that replicated trades are carried out at optimal prices, reducing slippage and improving overall performance.
Traders in Malaysia also benefit greatly from IC Markets’ extensive 24/7 customer assistance, which is available in Malay. Because of this, local traders can rest assured that they will always have access to the support they need, no matter the time of day. IC Markets is an attractive option for copy traders due to its inexpensive trading expenses, huge leverage, quick execution, and strong customer service.
Unique Features
| Feature | Information |
| 🚀Leverage | 1:1000 |
| ✨Spreads | 0.0 pips |
| 📝Regulation | FSA, ASIC, CySEC, SCB |
| 🗒️SCM | Not regulated by SCM |
| 📄BNM | Not regulated by BNM |
| ☎️Customer Support | 24/7 multilingual support, including for Malaysian traders |
| 💡Copy Trading Features | Available through third-party platforms such as ZuluTrade and Myfxbook |
| 💵Minimum Deposit | 940 MYR ($200) |
| 🎖️Copy Trading Platform | ZuluTrade, Myfxbook, TradingView |
| 🎉Fees and Commissions | No commission depending on account type |
| 🚀Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Freedom to choose from several copy trading platforms | There is a 940 MYR ($200) minimum deposit required, which is more than what you might find with other copy-trading brokers |
| Reduced spreads on copy trades | Not regulated locally in Malaysia |
| High leverage offered of up to 1:1000 | It could be daunting for new traders in Malaysia to manage numerous copy trade platforms due to their intricacy |
| 24/7 customer support is available | Inexperienced traders should be wary of the high leverage because it can magnify losses and gains. |
| The Equinix NY4 data center has servers with advanced technology | The performance of replicated trades could be impacted by potential latency issues that occur during peak trading times |
| Scalping and high-frequency trading are allowed due to the lack of limits on trading styles |
Our Insight
IC Markets seems like a pretty attractive option for forex traders, especially cost-conscious traders. They keep their fees low, which means more money in your pocket. They also offer a variety of features that can help you be a more successful trader, like advanced order types and mobile apps for trading on the go. Plus, they have a good reputation for fast account opening and easy deposits and withdrawals. That can be a big deal when you’re looking to start quickly and easily.
2. AvaTrade
Traders in Malaysia can take advantage of AvaTrade’s copy trading platform, which combines advanced tools with intuitive features to meet their needs. Research shows that traders have many options while using AvaTrade because it interacts with other platforms like ZuluTrade and DupliTrade.
With leverage levels of up to 1:400 (Pro) and 1:30 (Retail) and a wide variety of account kinds, AvaTrade distinguishes out from the competition. The platform’s fixed spreads make trading costs clear and predictable, which start at about 0.9 pips on average. Traders in Malaysia can greatly benefit from AvaTrade’s multi-language support (including Malay) and round-the-clock customer service. With the AvaTradeGO mobile app and AvaOptions, traders can manage their money wherever they are.
Overall Rating
- 4.8/5
Min Deposit
USD 100
Regulators
CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and IIROC
Trading Platform
MT4, MT5, Ava Social, AvaTradeGO, AvaOptions, DupliTrade, Zulutrade
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Even if AvaTrade isn’t subject to SCM or BNM regulations, a safe trading environment is guaranteed because it follows worldwide regulations established by organizations like ASIC and FSA. In conclusion, AvaTrade’s copy trading platforms offer an exceptional blend of adaptability, instructional support, and strong trading capabilities.
Thanks to these advantages, it’s an excellent option for traders in Malaysia who want to tap into the knowledge of experienced traders without giving up control of their trading.
Unique Features
| Feature | Information |
| 🚀Leverage | 1:400 (Pro), 1:30 (Retail) |
| ✨Spreads | 0.9 pips |
| 📝Regulation | FSCA, ASIC, CySEC, CBI, BVI FSC, JFSA, FFAJ, ADGM, IIROC, ISA, KNF |
| 🗒️SCM | Not regulated by SCM |
| 📄BNM | Not regulated by BNM |
| ☎️Customer Support | 24/5 multilingual support, including Malay |
| 💡Copy Trading Features | Integrated copy trading platform with easy-to-use interface for beginners |
| 💵Minimum Deposit | Typically, 472 MYR ($100) |
| 🎖️Copy Trading Platform | DupliTrade, ZuluTrade |
| 🎉Fees and Commissions | No additional fees for copy-trading |
| 🚀Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Traders have access to a range of successful techniques | Aside from language support, the platform does not include any features that are specifically designed for the Malaysian market |
| Various trading styles and preferences can be catered to by AvaTrade, which supports MT4, MT5, the AvaTradeGO mobile app, AvaOptions, and WebTrader | Fixed spreads can be more expensive than variable spreads offered by other brokers |
| Spreads, both fixed and variable, are competitive and help traders in Malaysia save money. | Lack of frequent promotions or bonuses |
| Trading with this broker is risk-free because multiple international agencies govern them |
Our Insight
AvaTrade could be a good fit for Malaysian investors looking for a user-friendly platform to trade forex and CFDs. Opening an account is a breeze, and they don’t charge any fees for deposits or withdrawals. Plus, they have educational resources and research tools to help you get started and make informed decisions. They even offer Islamic accounts with swap-free trading, which is a significant advantage if you follow Sharia law. However, remember they mainly focus on CFDs and forex, so if you’re looking for a broader range of investments, you might want to explore other options.
3. HFM
HFM Copy, HFM’s copy trading platform, provides a novel and effective means for Malaysian traders to participate in the Forex market by copying the actions of successful traders. We found that HFCopy is a flexible platform for different trading needs because it is made to accommodate both strategy providers and followers. To earn performance fees, strategy providers can open HFcopy accounts, attract followers, and trade on their followers’ behalf.
With HFcopy, traders in Malaysia can take advantage of a straightforward interface and begin trading with as little as 0 to 472 MYR ($100) for followers and 1,400 MYR ($300) for strategy suppliers.
Overall Rating
- 4.5/5
Min Deposit
USD
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
The platform’s provision for different account types, including Islamic accounts, is essential for traders looking for trading choices that comply with Sharia law .One of the most notable aspects of HFcopy is its openness. Traders have access to comprehensive performance analytics to make educated selections regarding which strategy providers to follow.
Traders in Malaysia can access their accounts and trades from any device, thanks to the platform’s compatibility with MT4, MT5, and the HF app. Regulated by international agencies such as CySEC, FCA, and DFSA, HFM offers a prominent level of security and trustworthiness, even though SCM or BNM does not regulate it.
The 24/5 multilingual customer service, which includes Malay, provides timely assistance. This further enhances the user experience. Overall, the HFCopy platform provided by HFM provides a trustworthy copy trading environment for traders in Malaysia.
Unique Features
| Feature | Information |
| 🚀Leverage | 1:2000 |
| ✨Spreads | 0.0 pips |
| 📝Regulation | CMA, FSCA, CySEC, FCA, DFSA, FSA, FSC |
| 🗒️SCM | Not regulated by SCM |
| 📄BNM | Not regulated by BNM |
| ☎️Customer Support | 24/5 multilingual support, including for Malaysian traders |
| 💡Copy Trading Features | HFcopy account allows for both strategy providers and followers to benefit from performance fees |
| 💵Minimum Deposit | None |
| 🎖️Copy Trading Platform | HFcopy |
| 🎉Fees and Commissions | No commission for HFcopy accounts |
| 🚀Open Account | Open Account
|
Pros and Cons
| ✅ Pros | ❌ Cons |
| There is a system in place for strategy providers and followers to make money from performance fees | For some traders, the fact that SCM or BNM does not govern HFM is a cause for concern |
| Islamic accounts that adhere to Sharia law are available | Spreads can be higher during times of significant market volatility, but overall, they are competitive |
| Tight spreads as low as 0.0 pips and leverage as high as 1:2000. | One potential downside for traders who do not trade frequently is the inactivity fees charged by HFM |
| More trading possibilities with HFM because it is compatible with MT4, MT5, and the HF app | |
| HFM offers multilingual customer care 24/5, including Malay. |
Our Insight
HFM, formerly HotForex, caters to Malaysian traders with a Malay website and local customer support. They allow deposits in Malaysian Ringgit and offer a low minimum deposit to get you started.
4. FxPro
Through services like ZuluTrade and Myfxbook, FxPro’s copy trading options aim to give traders in Malaysia access to a diverse set of trading methods. We found that these third-party platforms are well-integrated with FxPro’s services, so traders can easily follow and copy trades. Traders of all skill levels will find FxPro’s accommodating trading circumstances, which include spreads as low as 0.8 pips and leverage choices of up to 1:500.
Among FxPro’s many benefits is the adaptability of its platform solutions. Traders can choose from MT4, MT5, cTrader, FxPro Edge, and WebTrader to find the best platform for their trading style.
Overall Rating
- 4.5/5
Min Deposit
USD 100
Regulators
FCA, CySEC, FSCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
With ZuluTrade and Myfxbook, traders can access user-friendly interfaces and thorough performance metrics, making informed strategy decisions. Traders can always get the help they need with FxPro’s bilingual support, including Malay and its round-the-clock customer service.
This is especially crucial for novice traders who might need extra handholding when learning the ropes of copy trading. Regulated by esteemed international agencies like FCA, CySEC, and FSCA, FxPro offers high trust and security, even though SCM or BNM does not regulate. In conclusion, copy trading platforms provided by FxPro give traders in Malaysia a flexible and trustworthy way to participate in the Forex market.
Unique Features
| Feature | Information |
| 🚀Leverage | Up to 1:500 |
| ✨Spreads | 0.0 pips |
| 📝Regulation | CySEC, FCA, FSC, SCB, FSCA |
| 🗒️SCM | Not regulated by SCM |
| 📄BNM | Not regulated by BNM |
| ☎️Customer Support | 24/5 multilingual support, including for traders in Malaysia |
| 💡Copy Trading Features | ZuluTrade and Myfxbook |
| 💵Minimum Deposit | Typically, 472 MYR ($100) |
| 🎖️Copy Trading Platform | ZuluTrade, Myfxbook |
| 🎉Fees and Commissions | No additional fees |
| 🚀Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FxPro gives traders in Malaysia access to a plethora of signal providers and trading techniques. | FxPro is not regulated by SCM or BNM |
| FxPro is compatible with MT4, MT5, cTrader, FxPro Edge, and WebTrader. | Market circumstances can affect spreads, increasing trading expenses during extreme volatility. |
| The broker has spreads as low as 0.0 pips. | The platform does not include any features that are specifically designed for the Malaysian market |
| Traders can get help with FxPro’s round-the-clock, multilingual customer service, including Malay. |
Our Insight
FXTM offers Malaysian clients high leverage for potentially bigger returns, tight spreads for lower trading costs, and commission-free account options. It also has popular platforms like MetaTrader 4, making it a solid choice for Malaysian forex traders.
5. Interactive Brokers
Interactive Brokers provides a high-level copy trading experience due to its compatibility with third-party systems like Covestor (IBKR Asset Management). Based on our study, Interactive Brokers offers a wide range of tools and platforms to meet the different demands of traders in Malaysia. These include Trader Workstation, IBKR Mobile, IBKR WebTrader, Client Portal, and IBot.
With the copy trading feature, traders can copy the moves made by expert portfolio managers. This feature is for you if you want to take a back seat to the knowledge of experienced traders but still want to profit from trading. If traders in Malaysia use Covestor’s risk analytics and comprehensive performance indicators, they can confidently select which portfolios to follow.
Interactive Brokers are regulated by the SEC, FINRA, and FCA, which ensures a safe trading environment, even if SCM and BNM do not regulate them. The platform’s ability to support many languages, including Malay, rounds out its user-friendly features and ensures that assistance is always available. Lastly, for serious traders in Malaysia, Interactive Brokers has a sturdy and complex copy trading platform. Interactive Brokers is an attractive option for copy traders because of its advanced trading tools, thorough support, and the opportunity to follow experienced portfolio managers.
Unique Features
| Feature | Information |
| 🚀Leverage | 1:30 |
| ✨Spreads | 0.6 pips |
| 📝Regulation | FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, MAS |
| 🗒️SCM | Not regulated by SCM |
| 📄BNM | Not regulated by BNM |
| ☎️Customer Support | 24/5 multilingual support, including Malay |
| 💡Copy Trading Features | Integrates with third-party copy trading platforms like Covestor (IBKR Asset Management) |
| 💵Minimum Deposit | None on certain account types |
| 🎖️Copy Trading Platform | Covestor (IBKR Asset Management). |
| 🎉Fees and Commissions | $2 per 100,000 units traded |
| 🚀Open Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Traders can follow expert portfolio managers with Interactive Brokers’ copy trading through Covestor | Traders in Malaysia might be worried about is that Interactive Brokers isn’t regulated by SCM or BNM |
| Opening an Interactive Brokers account at no cost, which is a great feature | Finding information on this broker’s website can be very intimidating. |
| The platform offers Trader Workstation, IBKR Mobile, IBKR WebTrader, and IBot | Although extensive, the support system might not have Malaysian-specific features |
| Comprehensive research tools and instructional resources are available. | |
| Low and competitive commission fees |
Our Insight
Interactive Brokers lets Malaysians trade globally with access to a vast market selection. While local stocks aren’t available, you can benefit from their low fees and powerful platform for international investing.
Our Final Thoughts on the 5 Best Copy Trading Platforms in Malaysia
We have looked at the pros and cons of each platform to conduct our final recommendations for Forex brokers in Malaysia looking for a copy trading platform. Traders, particularly those with less experience in Forex, can benefit greatly from these platforms because they enable them to tap into the knowledge and experience of more seasoned traders.
With this function, newcomers can ease into the market, learn the ropes, and make money simultaneously. Nevertheless, you must not overlook the possible negative aspects. Before following any, users must thoroughly evaluate traders’ performance, risk management techniques, and track records. Some platforms can help with this selection process using thorough metrics and historical data.
The flip side is that not all copy-trading platforms provide the same level of customer service or educational materials. Many provide great support, including Malay and English, while some don’t, which can be frustrating for consumers who need help quickly or want more in-depth instructions. In conclusion, Malaysian Forex brokers that offer copy trading platforms are a great choice for novice traders who want to learn from the pros.
Regulatory security, accessibility, and possible profit are all obvious benefits. However, traders need to be careful about the fees, the quality of customer service, and the hazards. Traders in Malaysia might improve their chances of success by carefully considering these aspects.
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Frequently Asked Questions About The Best Copy Trading Platforms in Malaysia
Indeed, novices can learn a lot from more experienced traders through copy trading and even make some money without doing their own market research.
Think about how these platforms and the performance fees of the traders you follow can affect your profitability.
You can follow numerous traders on many platforms to diversify your assets and control risk.
The possibility to profit while learning the ropes of trading, access to experienced strategies, and the prospect of diversified investing are all major advantages.
Yes, there are hazards, such as losing money if the traders you follow make bad selections and not being able to hone your own trading abilities because you rely too much on other people’s strategies.
