
After extensive study and comparison, we have compiled a list of the top 5 cryptocurrency brokers in Malaysia. We’ve highlighted brokers that cater to the specific needs of Malaysian traders.
Read this all-inclusive manual to learn:
What is a Cryptocurrency Broker?
The 5 Best Cryptocurrency Brokers in Malaysia
Our Final Thoughts on The 5 Best Cryptocurrency Brokers in Malaysia
Frequently Asked Questions About The Best Cryptocurrency Brokers in Malaysia
- Sandy Coetzee
10 Best Forex Brokers in Malaysia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a Cryptocurrency Broker?
We investigated cryptocurrency brokers and discovered that they’re a great option for traders in Malaysia who want to enter the digital asset market. These traders offer tools that make buying, selling, and trading cryptocurrencies like Bitcoin, Ethereum, and many others easier. Many people now utilize cryptocurrency exchanges to purchase and sell cryptocurrencies like Bitcoin, Ethereum, and Litecoin. These online marketplaces operate as intermediaries between traders and various digital assets and fiat currencies. Kraken, Binance, and Coinbase are among the most prominent exchanges.
Traders often use pairings when dealing with cryptocurrency. To price each other, two currencies are used in a trading pair. You will typically see common pairs like Bitcoin to US Dollar (BTC/USD) and Ethereum to Bitcoin (ETH/BTC). By utilizing trading pairs, traders can test their theories about the value of various cryptocurrencies. While cryptocurrency trading could yield enormous rewards, it is also fraught with significant danger. Being a successful digital asset trader in Malaysia requires knowledge of market dynamics, sound trading strategies, and managing risk. Always use secure trading platforms and update yourself on regulatory changes to guarantee a risk-free trading experience.
The 5 Best Cryptocurrency Brokers in Malaysia
We have compiled a list of the top 5 cryptocurrency brokers based on our findings. We considered brokers that cater to Malaysian traders. When choosing a cryptocurrency broker, traders in Malaysia should take into account the regulatory environment and their unique requirements.
1. AvaTrade
For Malaysian cryptocurrency enthusiasts, AvaTrade provides a full-featured trading platform with access to top cryptocurrencies, including Ripple, Bitcoin, Ethereum, and Litecoin. The platform’s intuitive design makes it a good fit for traders in Malaysia of all skill levels. The powerful trading tools offered by AvaTradeGO and MetaTrader 4 and 5, such as comprehensive charting and technical analysis features, are crucial for traders to make informed decisions. As a bonus, the AvaTrade mobile app allows traders in Malaysia to manage their portfolios on the go. Traders can save money with AvaTrade because of its reasonable spreads and absence of hidden costs. The AvaProtect feature provides risk management to lessen the impact of possible losses.
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
AvaTrade offers a wealth of instructional materials, such as webinars, tutorials, and eBooks, to aid traders in pursuing knowledge and improvement. Some traders would be worried about not being able to comply with local regulations in Malaysia because there is no oversight. Still, we discovered that AvaTrade offers a safe trading environment due to regulations by highly admired international financial authorities. Despite the lack of local regulatory control, AvaTrade remains a viable alternative for traders in Malaysia who are looking for a reliable and comprehensive platform for cryptocurrency trading. It stands out in the industry thanks to its affordable prices, innovative equipment, and instructional resources.
Unique Features
Feature | Information |
📝Regulatory Compliance | ASIC, FSCA, CBI, BVI FSC, KNF, JFSA, IIROC, ADGM, CySEC, ISA, FFAJ |
📃SCM & BNM Regulation | No |
🪙Supported Cryptocurrencies | Bitcoin, Ethereum, Litecoin, Ripple, Stellar, NEO, Crypto 10 Index, Dash, Chainlink, Uniswap, MIOTA |
🎖️Trading Platforms | AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, ZuluTrade |
🚀Leverage Options | Up to 1:25 leverage on cryptocurrencies |
☎️Customer Support | 24/5 multilingual support |
💻Educational Resources | Extensive resources, including webinars, tutorials, and eBooks |
🔑Security Measures | Two-factor authentication, SSL encryption, segregated accounts |
🛠️Trading Tools | Advanced charting tools, technical analysis, and risk management tools |
📲Social Trading Features | AvaSocial Platform |
✨Account Types | Standard, VIP, Islamic accounts available |
💵Minimum Deposit | 470 MYR ($100) |
🚀Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
The extensive trading portfolio offered by AvaTrade includes support for major cryptocurrencies such as Ripple, Bitcoin, Ethereum, and Litecoin. | There could be concerns among local traders regarding AvaTrade’s lack of regulation by the Securities Commission Malaysia (SCM) and Bank Negara Malaysia (BNM) |
The platform’s reasonable spreads and lack of hidden costs make trading affordable for customers in Malaysia, according to our findings | Cryptocurrency brokers have lower leverage than others. |
Powerful trading tools are available on the AvaTradeGO and MetaTrader 4 and 5 platforms, which enhances the trading experience | It has come to our attention that the withdrawal process is occasionally sluggish, which can be annoying for traders in Malaysia |
Malaysian traders can access their accounts from any location at any time thanks to the mobile app | There is only customer service available 24/5, which might not be enough for traders in different time zones |
AvaTrade’s technical analysis features and sophisticated charting tools allow traders in Malaysia to trade smart | While some platforms do offer more advanced trading tools and capabilities, not all of them do |
With AvaProtect’s risk management features, traders can lessen the likelihood of losing money | |
There is a wealth of information available to help with learning and skill development, such as webinars, tutorials, and eBooks |
Our Insight
Avatrade gets it! They know that speaking English might not be everyone’s cup of tea, so they offer customer support in Malay. This means you can get help in your language, making things friendly and easy. Plus, starting with Avatrade, which is affordable for Malaysians. Their minimum deposit is USD 100, so you can try things out without a substantial initial investment.
2. HFM
Through thorough investigation into several brokers’ cryptocurrency offerings, we discovered many Malaysian traders use HFM because of the wide variety of cryptocurrencies it supports. These include Ripple, Bitcoin, Ethereum, Litecoin, and Ethereum. With zero commission options and low spreads, the platform makes trading affordable for both experienced and inexperienced traders in Malaysia.
Traders who use algorithmic trading techniques and rely on technical analysis will find HFM’s automated trading options and powerful charting tools particularly intriguing. If you’re starting out in the trading industry, you can learn a lot from the pros by copying their moves using the HFCopy tool. For traders in Malaysia, the platform’s bilingual customer service guarantees dependable assistance.
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
Those who prioritize adhering to local regulations could find it frustrating that HFM is not governed by the Securities Commission Malaysia (SCM) or Bank Negara Malaysia (BNM). Another drawback is the lack of options for Malaysian traders when making deposits and withdrawals. Despite its portability, the mobile app could be missing some of the more sophisticated options seen on desktop computers. Despite these issues, we feel HFM is viable because of its excellent trading tools, extensive cryptocurrency support, and low trading fees. Traders from Malaysia also like the site because of its instructional materials, such as webinars and tutorials.
Unique Features
Feature | Information |
📝Regulatory Compliance | CMA, DFSA, FCA, FSCA, CySEC, FSA, FSC |
📃SCM & BNM Regulation | No |
🪙Supported Cryptocurrencies | Bitcoin, Ethereum, Litecoin, Ripple, and more than 30 others |
🎖️Trading Platforms | MetaTrader 4, MetaTrader 5, WebTrader and HFM App |
🚀Leverage Options | Up to 1:50 leverage on cryptocurrencies |
☎️Customer Support | 24/5 multilingual support |
💻Educational Resources | Webinars, tutorials, trading courses, and articles |
🔑Security Measures | Two-factor authentication, SSL encryption, segregated accounts |
🛠️Trading Tools | Advanced charting tools, automated trading, market analysis |
📲Social Trading Features | HFCopy Platform |
✨Account Types | Cent, Pro, Pro Plus, Premium, Zero Spread, and Islamic accounts |
💵Minimum Deposit | 0 MYR ($0) |
🚀Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Bitcoin, Ethereum, Litecoin, and Ripple are just a few of the many cryptocurrencies that HFM is compatible with. | Neither Bank Negara Malaysia nor the Securities Commission Malaysia (SCM) oversees HFM |
Traders in Malaysia watching their pennies will like the platform’s zero commission options and minimal spreads | Only a handful of deposit and withdrawal options are available to traders in Malaysia |
There are high-leverage choices for cryptocurrencies, with a maximum of 1:50, which means there is a chance for bigger rewards | Not all functionality available on PC versions of the software will be available on the mobile version |
Traders in Malaysia can rely on the multilingual customer service team, which is available 24/5 | A risk aspect is high leverage, which, if not handled correctly, can cause substantial losses |
HFM provides innovative charting capabilities and the ability to trade automatically | New traders could find the copious teaching resources to be too much to handle |
For new Malaysian traders, the HFCopy platform’s ability to copy the moves made by more seasoned traders is a huge boon |
Our Insight
HFM, formerly HotForex, is a great choice for Malaysian traders! They offer low minimum deposits, customer support in Malay, and even the option to deposit funds in your own currency, MYR. This makes it easy and affordable to get started trading with them.
3. eToro
Regarding Malaysian cryptocurrency trading platforms, eToro stands out due to its distinctive social trading features. The platform is compatible with Bitcoin, Ethereum, Ripple, and Litecoin currencies. With eToro’s CopyTrader feature, traders can copy the moves made by successful traders, which is great for newbies and could be lucrative for everyone. Many prestigious bodies oversee eToro’s operations, including ASIC, CySEC, and the FCA. This thorough regulatory supervision guarantees high security and reliability, although the BNM or SCM does not regulate it.
Min Deposit
USD 50*
Regulators
FCA, ASIC, CySEC
Trading Platform
Proprietary WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
*Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
An accompanying mobile app makes trading while on the move even more manageable, and the platform is intuitive enough for traders in Malaysia of all skill levels to utilize. eToro is the best social trading platform for Malaysian traders. It has excellent security features and supports many different cryptocurrencies. Despite more extraordinary trading expenses and a lack of local regulation, this broker’s placement in the top 5 is essential due to its distinctive features and popular user-friendly design.
Unique Features
Feature | Information |
📝Regulatory Compliance | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
📃SCM & BNM Regulation | No |
🪙Supported Cryptocurrencies | Bitcoin, Ethereum, XRP, Litecoin, Ripple, Dash and more |
🎖️Trading Platforms | Proprietary eToro trading platform, available on the web and mobile |
🚀Leverage Options | Up to 1:2 leverage on cryptocurrencies |
☎️Customer Support | 24/5 multilingual support |
💻Educational Resources | Trading academy, webinars, and tutorials |
🔑Security Measures | Two-factor authentication, SSL encryption, segregated accounts |
🛠️Trading Tools | CopyTrader, CopyPortfolio, advanced charting tools |
📲Social Trading Features | Extensive social trading network to follow and copy trades |
✨Account Types | Retail, Professional, and Islamic accounts |
💵Minimum Deposit | 94 MYR ($50) |
🚀Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Trades made by successful traders in Malaysia can be copied by ordinary traders using the innovative CopyTrader feature | Cryptocurrency trading comes with hefty spreads and additional expenses |
Safe and sound trading conditions guaranteed by world-class regulators, including the FCA, CySEC, and ASIC | When compared to competing brokers, this one is missing several sophisticated trading and research facilities |
The platform’s intuitive design makes it a good fit for Malaysian traders of all skill levels | It could be annoying that there are possible withdrawal fees and a minimum withdrawal amount |
Traders can trade while you’re on the go in Malaysia with the help of a mobile app | Trading in cryptocurrencies is limited to the most traded coins, reducing variety |
Community help and insights are provided via eToro’s enormous social trading network | The platform’s speed can be affected during moments of high traffic, which can impact the execution of trades |
Educative materials and sophisticated charting tools are available on the platform |
Our Insight
Malaysians can easily invest with eToro. Their user-friendly platform and mobile app let you buy and sell stocks, ETFs, and even cryptocurrencies all in one place.
4. FxPro
Popular digital currencies traded by Malaysian traders on FxPro include Bitcoin, Ethereum, Ripple, and Litecoin. Traders on a tight budget would appreciate the platform’s transparent fee structure and competitive spreads. FxPro’s superior charting tools and technical analysis capabilities are a huge advantage when making smart trades. To further encourage lifelong learning and professional development, FxPro provides several instructional tools, such as webinars and market research. Some traders in Malaysia could be wary of FxPro due to its lack of regulation by the Securities Commission Malaysia (SCM) or Bank Negara Malaysia (BNM).
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
These two institutions are essential for local regulatory compliance. Still, traders can relax knowing several strict international financial bodies regulate this broker. With its powerful trading tools, affordable prices, and extensive training materials, we believe FxPro is still a viable alternative for traders in Malaysia. Its adaptability stems from its numerous platform options to meet the demands of different traders worldwide.
Unique Features
Feature | Information |
📝Regulatory Compliance | CySEC, FSC, FCA, SCB, FSCA |
📃SCM & BNM Regulation | No |
🪙Supported Cryptocurrencies | Bitcoin, Ethereum, Litecoin, Ripple, and more |
🎖️Trading Platforms | FxPro Platform, MetaTrader 4, MetaTrader 5, cTrader, FxPro App |
🚀Leverage Options | Up to 1:20 leverage on cryptocurrencies |
☎️Customer Support | 24/5 multilingual support |
💻Educational Resources | Webinars, tutorials, market news, and analysis |
🔑Security Measures | Two-factor authentication, SSL encryption, segregated accounts |
🛠️Trading Tools | Advanced charting tools, risk management tools, automated trading |
📲Social Trading Features | Allows integration with social trading platforms |
✨Account Types | Standard, Pro, VIP, and Islamic accounts |
💵Minimum Deposit | 470 MYR ($100) |
🚀Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
FxPro provides traders in Malaysia with a wide range of prominent cryptocurrencies such as Bitcoin, Ripple, and Litecoin | Neither Bank Negara Malaysia nor the Securities Commission Malaysia (SCM) oversees FxPro |
The platform provides users with easy-to-understand pricing and competitive spreads | Few local options for Malaysian traders to make deposits and withdrawals |
Reliable trading capabilities are offered by multiple platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge | It could be difficult for new traders in Malaysia to use some of the more complicated trading tools and capabilities |
Cryptocurrencies provide high-leverage choices of up to 1:20 | There could be a learning curve involved because the platform’s interface isn’t as intuitive as others |
Technical analysis and advanced charting tools are available on all platforms | |
A variety of educational resources, such as webinars and market analysis support trader education |
Our Insight
Malaysians considering FxPro might benefit from their user-friendly platform and access to popular options like MetaTrader 4 and 5.
5. FXTM
In our search for the best cryptocurrency brokers, we came across FXTM. This broker’s powerful platform for trading cryptocurrencies is a huge advantage for traders in Malaysia. This platform is great for Malaysian traders who are searching for affordable trading solutions because of its competitive spreads and lack of hidden fees. One of FXTM’s best qualities is its wealth of instructional materials.
Min Deposit
USD 10
Regulators
CySEC, FSCA, FCA, CMA, FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
These include webinars, tutorials, and eBooks, contributing to traders’ ability to learn and grow. Another notable feature is the FXTM Invest platform, which assists new traders by letting them copy the trades of successful traders. All traders in Malaysia have access to round-the-clock, multilingual customer support on the site. Although there is a lack of local Malaysian regulation and certain operating limits, we are certain FXTM is still a good option for traders in Malaysia because of its vast educational materials, competitive trading conditions, and full support for cryptocurrencies.
Unique Features
Feature | Information |
📝Regulatory Compliance | CMA, FSCA, CySEC, FCA, FSC Mauritius |
📃SCM & BNM Regulation | No |
🪙Supported Cryptocurrencies | Ripple, Bitcoin, Ethereum, Litecoin, just to name a few |
🎖️Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
🚀Leverage Options | Up to 1:10 leverage on cryptocurrencies |
☎️Customer Support | 24/5 multilingual support |
💻Educational Resources | Webinars, tutorials, eBooks, and trading courses |
🔑Security Measures | Two-factor authentication, SSL encryption, segregated accounts |
🛠️Trading Tools | Advanced charting tools, market analysis, and risk management tools |
📲Social Trading Features | FXTM Invest platform for copying trades of top traders |
✨Account Types | Micro, Advantage, Advantage Plus, and Islamic accounts |
💵Minimum Deposit | 940 MYR ($200) |
🚀Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
All of the major cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and Litecoin, are available at FXTM | FXTM is not regulated by the Securities Commission Malaysia (SCM) or Bank Negara Malaysia (BNM) |
There are a variety of powerful trading platforms to choose from, such as MetaTrader 4, MetaTrader 5, and FXTM Trader | Limited local payment methods for deposits and withdrawals can be inconvenient |
Cryptocurrencies offer high-leverage choices of up to 10:1 | Advanced features and tools might be overwhelming for new traders |
A wealth of instructional materials are available to aid in the learning process for new Malaysian traders, such as tutorials, eBooks, and webinars | High leverage can lead to significant losses if not managed properly, posing a risk |
New traders can learn from the successes of experienced traders in Malaysia by copying their trades on the FXTM Invest platform | |
FXTM’s customer support team is available around the clock, 24/7, in a variety of languages |
Our Insight
We found that FXTM is a highly regulated broker that provides security for your funds. Malaysians can benefit from deposits and withdrawals in Malaysian Ringgit (MYR).
Our Final Thoughts on the 5 Best Cryptocurrency Brokers in Malaysia
In our quest to find the best cryptocurrency brokers for Malaysian traders, we came across numerous options, each with pros and cons. All levels of traders will find what they need with these 5 brokers, thanks to their extensive cryptocurrency selection, competitive spreads, and state-of-the-art trading tools. The lack of supervision from the Securities Commission Malaysia (SCM) and Bank Negara Malaysia (BNM) is a common drawback for traders in Malaysia who prioritize local regulations.
Although there is excellent customer assistance and educational materials, the absence of local deposit and withdrawal options could be problematic for some traders. Options with a high level of leverage are attractive, but they also carry a significant level of risk and must be handled cautiously. Based on our observations, selecting the ideal broker involves finding a middle ground that suits your specific trading needs and preferences. As a whole, these brokers make it easy to trade cryptocurrency in Malaysia.
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Frequently Asked Questions
Look for brokers that reputable financial regulators control, have low fees, strong security, and an easy-to-use interface. For ease of use, make sure they accept MYR payments and withdrawals.
Malaysian traders can send money with bank transfers, credit or debit cards, and sometimes e-wallets like Skrill and PayPal. Most of the time, local bank transfer choices are the easiest.
Yes, most of the best brokers have trading apps for iOS and Android phones that let you trade while you’re on the go.
You can buy and sell many cryptocurrencies, such as Bitcoin, Ethereum, Ripple, etc. A few brokers offer more than 350 different types of digital assets.
To keep your money and personal details safe, ensure the broker uses two-factor authentication (2FA), cold storage for digital assets, and thorough verification methods.