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5 Best Cryptocurrency Brokers in Malaysia

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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

Updated : January 26, 2025

10 Best Forex Brokers in Malaysia

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

Read Review

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#5

Read Review

FSCA, FSC, ASIC, CySEC, DFSA

$5

#6

Read Review

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$0

#7

Read Review

FSA, CySEC, FSCA, FSC

$10

#8

ASIC, CySEC, FSCA, FSA

$100

#9

CySEC, FCA, FSA, FSCA

$100

#10

FCA, CMA, FSC

$200

#1

$100

Minimum Deposit

#2

$0

Minimum Deposit

#3

$25

Minimum Deposit

#4

$10

Minimum Deposit

#5

$5

Minimum Deposit

#6

$0

Minimum Deposit

#7

$10

Minimum Deposit

#8

$100

Minimum Deposit

#9

$100

Minimum Deposit

#10

$200

Minimum Deposit

What is a Cryptocurrency Broker?

best-bitcoin-brokers

 

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 – Best Regulated Forex Broker
  2. ☑️HFM – Several Account Types Available for Different Traders
  3. ☑️eToro – Fee-free deposits with 0% conversion fees
  4. ☑️FxPro – Low Minimum Deposit Required to Start Trading
  5. ☑️FXTM – Financial instruments such as commodities, indices, and shares.

1. AvaTrade

AvaTrade review

 

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.

 

Overall Rating

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 

FeatureInformation
📝Regulatory ComplianceASIC, FSCA, CBI, BVI FSC, KNF, JFSA, IIROC, ADGM, CySEC, ISA, FFAJ
📃SCM & BNM RegulationNo
🪙Supported CryptocurrenciesBitcoin, Ethereum, Litecoin, Ripple, Stellar, NEO, Crypto 10 Index, Dash, Chainlink, Uniswap, MIOTA
🎖️Trading PlatformsAvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, ZuluTrade
🚀Leverage OptionsUp to 1:25 leverage on cryptocurrencies
☎️Customer Support24/5 multilingual support
💻Educational ResourcesExtensive resources, including webinars, tutorials, and eBooks
🔑Security MeasuresTwo-factor authentication, SSL encryption, segregated accounts
🛠️Trading ToolsAdvanced charting tools, technical analysis, and risk management tools
📲Social Trading FeaturesAvaSocial Platform
✨Account TypesStandard, VIP, Islamic accounts available
💵Minimum Deposit470 MYR ($100)
🚀Open AccountOpen Account

 

AvaTrade Pros and Cons

 

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 findingsCryptocurrency brokers have lower leverage than others.
Powerful trading tools are available on the AvaTradeGO and MetaTrader 4 and 5 platforms, which enhances the trading experienceIt 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 appThere 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 smartWhile 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

HFM review

 

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.

 

Overall Rating

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 

FeatureInformation
📝Regulatory ComplianceCMA, DFSA, FCA, FSCA, CySEC, FSA, FSC
📃SCM & BNM RegulationNo
🪙Supported CryptocurrenciesBitcoin, Ethereum, Litecoin, Ripple, and more than 30 others
🎖️Trading PlatformsMetaTrader 4, MetaTrader 5, WebTrader and HFM App
🚀Leverage OptionsUp to 1:50 leverage on cryptocurrencies
☎️Customer Support24/5 multilingual support
💻Educational ResourcesWebinars, tutorials, trading courses, and articles
🔑Security MeasuresTwo-factor authentication, SSL encryption, segregated accounts
🛠️Trading ToolsAdvanced charting tools, automated trading, market analysis
📲Social Trading FeaturesHFCopy Platform
✨Account TypesCent, Pro, Pro Plus, Premium, Zero Spread, and Islamic accounts
💵Minimum Deposit0 MYR ($0)
🚀Open AccountOpen Account

 

Recommendations according to our in-depth review of HFM

 

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 spreadsOnly 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 rewardsNot 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 24/5A risk aspect is high leverage, which, if not handled correctly, can cause substantial losses
HFM provides innovative charting capabilities and the ability to trade automaticallyNew 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

eToro review

 

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.

 

Overall Rating

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 

FeatureInformation
📝Regulatory ComplianceCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📃SCM & BNM RegulationNo
🪙Supported CryptocurrenciesBitcoin, Ethereum, XRP, Litecoin, Ripple, Dash and more
🎖️Trading PlatformsProprietary eToro trading platform, available on the web and mobile
🚀Leverage OptionsUp to 1:2 leverage on cryptocurrencies
☎️Customer Support24/5 multilingual support
💻Educational ResourcesTrading academy, webinars, and tutorials
🔑Security MeasuresTwo-factor authentication, SSL encryption, segregated accounts
🛠️Trading ToolsCopyTrader, CopyPortfolio, advanced charting tools
📲Social Trading FeaturesExtensive social trading network to follow and copy trades
✨Account TypesRetail, Professional, and Islamic accounts
💵Minimum Deposit94 MYR ($50)
🚀Open AccountOpen Account

 

eToro platform

 

Pros and Cons 

✅ Pros❌ Cons
Trades made by successful traders in Malaysia can be copied by ordinary traders using the innovative CopyTrader featureCryptocurrency trading comes with hefty spreads and additional expenses
Safe and sound trading conditions guaranteed by world-class regulators, including the FCA, CySEC, and ASICWhen 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 levelsIt 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 appTrading in cryptocurrencies is limited to the most traded coins, reducing variety
Community help and insights are provided via eToro’s enormous social trading networkThe 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

FxPro review

 

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).

 

Overall Rating

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 

FeatureInformation
📝Regulatory ComplianceCySEC, FSC, FCA, SCB, FSCA
📃SCM & BNM RegulationNo
🪙Supported CryptocurrenciesBitcoin, Ethereum, Litecoin, Ripple, and more
🎖️Trading PlatformsFxPro Platform, MetaTrader 4, MetaTrader 5, cTrader, FxPro App
🚀Leverage OptionsUp to 1:20 leverage on cryptocurrencies
☎️Customer Support24/5 multilingual support
💻Educational ResourcesWebinars, tutorials, market news, and analysis
🔑Security MeasuresTwo-factor authentication, SSL encryption, segregated accounts
🛠️Trading ToolsAdvanced charting tools, risk management tools, automated trading
📲Social Trading FeaturesAllows integration with social trading platforms
✨Account TypesStandard, Pro, VIP, and Islamic accounts
💵Minimum Deposit470 MYR ($100)
🚀Open AccountOpen Account

 

FxPro Overview

 

Pros and Cons 

✅ Pros❌ Cons
FxPro provides traders in Malaysia with a wide range of prominent cryptocurrencies such as Bitcoin, Ripple, and LitecoinNeither Bank Negara Malaysia nor the Securities Commission Malaysia (SCM) oversees FxPro
The platform provides users with easy-to-understand pricing and competitive spreadsFew 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 EdgeIt 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 1:20There 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

FXTM review

 

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.

 

Overall Rating

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 

FeatureInformation
📝Regulatory ComplianceCMA, FSCA, CySEC, FCA, FSC Mauritius
📃SCM & BNM RegulationNo
🪙Supported CryptocurrenciesRipple, Bitcoin, Ethereum, Litecoin, just to name a few
🎖️Trading PlatformsMetaTrader 4, MetaTrader 5, FXTM Trader
🚀Leverage OptionsUp to 1:10 leverage on cryptocurrencies
☎️Customer Support24/5 multilingual support
💻Educational ResourcesWebinars, tutorials, eBooks, and trading courses
🔑Security MeasuresTwo-factor authentication, SSL encryption, segregated accounts
🛠️Trading ToolsAdvanced charting tools, market analysis, and risk management tools
📲Social Trading FeaturesFXTM Invest platform for copying trades of top traders
✨Account TypesMicro, Advantage, Advantage Plus, and Islamic accounts
💵Minimum Deposit940 MYR ($200)
🚀Open AccountOpen Account

 

FXTM

 

Pros and Cons 

✅ Pros❌ Cons
All of the major cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and Litecoin, are available at FXTMFXTM 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 TraderLimited local payment methods for deposits and withdrawals can be inconvenient
Cryptocurrencies offer high-leverage choices of up to 10:1Advanced 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 webinarsHigh 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

cryptocurrency broker

 

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.

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