We have done extensive market research and identified the top 5 low-spread Forex brokers to provide traders in Malaysia with a safe and secure trading environment. In this article, you will learn about the following:
What Is A Low-Spread Forex Broker?
The 5 Best Low-Spread Forex Brokers in Malaysia
Our Final Thoughts on The 5 Best Low-Spread Forex Brokers in Malaysia
Frequently Asked Questions About The Best Low-Spread Forex Brokers in Malaysia
- Marlie Willemse Rosset
10 Best Forex Brokers in Malaysia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a Low-spread Forex broker?
Traders in Malaysia who value efficiency and speed in their Forex trade executions will find low-spread brokers invaluable resources. While the spread, or difference between a currency pair’s ask and bid prices, is small, traders save money while trading. Finding brokers with low spreads is crucial for traders in Malaysia looking to maximize profits, particularly those using high-frequency trading or scalping strategies that rely on every pip.
Brokers’ honesty and openness are greatly aided by local regulatory agencies, including the Securities Commission Malaysia (SCM) and Bank Negara Malaysia (BNM). The criteria set by these regulators shape traders’ expectations of the safety and dependability of overseas brokers in Malaysia, even though they do not directly oversee all of them. While investigating low-spread Forex brokers, it is critical to consider more than just the spread. The stability of the trading platform, the speed of execution, and the supervision by regulators are all crucial.
Slippage can occur when a broker has low spreads, but sluggish order execution can make the low spreads useless. Our reviews are comprehensive, assessing brokers on several factors to guarantee a solid trading environment. Traders in Malaysia need to be familiar with the many kinds of accounts that these brokers provide. For example, spread structures can vary across micro and normal accounts. Many Malaysian traders also take into account the availability of Sharia-compliant Islamic accounts. We hope that the thorough insights provided by our assessments will assist traders in Malaysia in making well-informed decisions that support their trading strategies and objectives.
5 Best Low-spread Forex Brokers in Malaysia
We have conducted extensive research and identified Malaysia’s top 5 low-spread Forex brokers. These brokers are known for their competitive spreads, dependable platforms, and thorough regulatory control, all of which are crucial factors for traders in Malaysia.
- ☑️HFM – Several Account Types Available for Different Traders
- ☑️AvaTrade – Best Regulated Forex Broker
- ☑️FP Markets– Low Minimum Deposit Required to Start Trading
- ☑️Tickmill– Low-cost trading environment and supports theMT4 and MT5 trading platforms
- ☑️FXPro -Buy Limit, Sell Limit, Buy Stop, or Sell Stop.
1. HFM
With its very reduced spread offerings, HFM (HotForex) stood out to us as reviewers committed to discovering the finest trading conditions for traders in Malaysia.
One benefit for traders who want to keep their trading costs down is HFM’s Zero Spread account, which offers spreads as low as 0.0 pips on major currency pairs.
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
Thanks to the availability of the MetaTrader 4 and MetaTrader 5 platforms, traders in Malaysia can access advanced tools and rapid execution speeds. The fact that HFM is heavily regulated by organizations like CySEC, DFSA, FCA, FSCA, and FSA further enhances its credibility and safety.
Thanks to the extremely low spreads, traders in Malaysia can cut down on trading expenses and increase their profit margins. We believe traders are given plenty of trading freedom as HFM allows high leverage up to 1:2000.
The powerful regulatory framework and extensive low-spread solutions offered by HFM convinced us that it was the best option for traders in Malaysia looking for a safe and affordable trading platform.
Unique Features
| Feature | Information |
| 📝Regulation | FSA, FSCA, FCA, CMA, CySEC, DFSA, FSC |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 💳Minimum Spread | 0.0 pips |
| 💸Commission Fees | None |
| 🎖️Trading Platforms | MetaTrader 4, MetaTrader 5, HFM App |
| 🚄Execution Speed | Provides ultra-fast execution speeds |
| ✨Account Types | Cent, Zero, Pro, Pro Plus, Premium, HFCopy |
| ☎️Customer Support | 24/5 multilingual support |
| 💻Educational Resources | Offers various educational tools and resources, including webinars and videos |
| ✨Maximum Leverage | 1:2000 |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| HFM’s Zero Spread account makes trading more affordable with remarkably low spreads starting at 0.0 pips | If there are no trades for a long time, inactivity fees might add up and make trading more expensive |
| To make sure that traders in Malaysia don’t have to worry about any additional expenses, there are no deposit fees | Spreads and commissions, when combined, can be a perplexing and complicated mix for newcomers |
| Additional leeway for more dynamic trading techniques is provided by high leverage up to 1:2000 | The unpredictability of cost management could be a result of accounts with fluctuating spreads |
| Traders can relax knowing that the platform is governed by respected entities like CySEC and FCA, amongst others, which provides a layer of protection | Unfortunately, customer service is not open around the clock, which can be a problem for people who require help during non-business hours |
| To provide traders with the greatest tools, modern trading platforms such as MetaTrader 4 and 5 are available |
Our Insight
We found that the platform offers a varied range of trading opportunities. For example, HFM allows free and fast online bank transfers for deposits and withdrawals with major Malaysian banks.
2. AvaTrade
We found that AvaTrade is one of the best brokers for traders in Malaysia because of its zero-commission policy and constant low spreads.
By offering fixed spreads beginning at 0.9 pips for currency pairs like EUR/USD, AvaTrade removes the risk and extra costs associated with variable spreads. You can avoid commission fees with other accounts and pay only 0.0 pips.
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
The transparency of trading costs would make it easier for traders in Malaysia to keep track of their funds and budget for future trades. For AvaTrade’s safety and compliance, several prestigious institutions, including the Central Bank of Ireland and ASIC, monitor the company.
The AvaTradeGO app, together with its interoperability with MetaTrader 4 and MetaTrader 5, gives traders in Malaysia access to a wealth of advanced tools and features that elevate their platform trading experience.
AvaTrade landed in our top 5 because of its consistency, predictability, and fixed low spreads, which might help Malaysian traders keep expenses in check and trade more precisely.
We believe AvaTrade is a good option for Malaysian traders on a tight budget because of its dedication to offering low-cost, transparent trading solutions supported by rigorous regulatory control.
Unique Features
| Feature | Information |
| 📝Regulation | CySEC, CBI, BVI FSC, IIROC, ASIC, FSCA, KNF, JFSA, FFAJ, ISA, ADGM |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 💳Minimum Spread | 0.9 pips |
| 💸Commission Fees | None |
| 🎖️Trading Platforms | AvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, WebTrader, DupliTrade, ZuluTrade |
| 🚄Execution Speed | Ensures reliable and fast order execution |
| ✨Account Types | Standard Account, Islamic Account, Pro Account |
| ☎️Customer Support | 24/5 multilingual support |
| 💻Educational Resources | Comprehensive educational resources, including webinars and tutorials |
| ✨Maximum Leverage | 1:400 (Pro), 1:30 (Retail) |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Traders from Malaysia can trade with confidence knowing that AvaTrade’s fixed low spreads on popular currency pairings start at just 0.9 pips | When market volatility is minimal, fixed spreads could be slightly more than other brokers’ lowest variable spreads |
| Spreads already cover expenses, so there are no hidden commissions to worry about while budgeting | For traders looking to take advantage of tighter spreads during moments of high liquidity, the lack of flexible spreads could be a bit of a pain |
| Traders have faith in the platform’s dependability and security because it is regulated by prestigious bodies such as the Central Bank of Ireland and ASIC | Although there are no commission fees, high-frequency traders could be put off by the all-in spread |
| With its proprietary AvaTradeGO app and support for MetaTrader 4, MetaTrader 5, and more, AvaTrade provides traders with a wealth of features and tools to enhance their trading experience | Traders who need help outside of regular business hours can find the limited customer support hours inconvenient |
| Traders can better plan their expenses because of the fixed spread structure, which removes the uncertainty associated with changing spreads | Traders in Malaysia can find that AvaTrade lacks a selection of exotic currency pairs |
| Traders of all experience levels can benefit from the powerful educational materials and helpful customer assistance that are available to them |
Our Insight
AvaTrade offers Malaysians more than just trading tools. They provide a wealth of educational resources, such as tutorials, webinars, and market analysis, to help you become a better trader. Plus, their powerful copy trading platform lets you learn from experienced traders while you trade.
3. FP Markets
The appealing low-spread offerings from FP Markets, especially for RAW ECN accounts, piqued our interest. Spreads on popular currency pairings start at 0.0 pips with these accounts. Traders in Malaysia who do a lot of trades but want to keep their costs down would benefit greatly from this setup.
Traders in Malaysia can relax knowing that ASIC, CySEC, and several other financial institutions license FP Markets. The broker equips traders with innovative trading platforms like IRESS, MetaTrader 4, and MetaTrader 5 so they can trade efficiently and precisely.
Overall Rating
- 4.5/5
Min Deposit
USD 100
Regulators
CySEC, FSCA, ASIC, FSC, FSA
Trading Platform
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FP Markets offers trading opportunities with minimal delay, thanks to the platform’s significant liquidity and fast execution rates. Low spreads and an open commission structure are two ways that traders in Malaysia might save money.
Suppose you are a trader in Malaysia seeking to minimize your trading expenses. In that case, we highly recommend FP Markets due to its innovative trading platforms, trustworthy regulatory status, and extremely cheap spreads.
Unique Features
| Feature | Information |
| 📝Regulation | FSCA, FSC, FSA, ASIC, CySEC |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 💳Minimum Spread | 0.0 pips |
| 💸Commission Fees | Depends on the account type |
| 🎖️Trading Platforms | MetaTrader 4, MetaTrader 5, IRESS, cTrader, WebTrader |
| 🚄Execution Speed | High-speed execution with low latency |
| ✨Account Types | Standard Account, Raw Account, Islamic Standard Account, Islamic Raw Account |
| ☎️Customer Support | 24/7 multilingual support |
| 💻Educational Resources | Offers a range of educational materials, including webinars and eBooks |
| 🚀Maximum Leverage | 1:500 |
| 🚀Sign up | Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets’ RAW ECN accounts, in particular, stood out to us due to their low-spread offerings, with spreads beginning at 0.0 pips | For traders who do not trade frequently, the RAW ECN account’s commission structure might not be the best option |
| Under the watchful eye of ASIC and CySEC, traders in Malaysia can feel more relaxed | Less active traders might worry about inactivity fines |
| Traders are equipped with the necessary tools for precise and effective trading when they have access to advanced trading platforms such as IRESS, MetaTrader 5, and MetaTrader 4 | For novice traders in Malaysia, the mix of low spreads and commission prices could be bewildering |
| Taking advantage of market opportunities is made easier with deep liquidity and fast execution speeds | There could be greater minimum deposit requirements for certain account types |
| Having a variety of account types allows for more flexibility by accommodating different trading styles and volumes | Although customer assistance is strong, it might not be accessible at all times, which could be a problem for certain traders |
Our Insight
FP Markets lets you trade forex, stocks, and more on platforms like MetaTrader. They’re ASIC-regulated for security and offer a $30 welcome bonus to start (terms apply).
4. Tickmill
For Malaysian traders looking for a top-notch broker with low spreads and great trading conditions, Tickmill is the way to go. Traders looking to keep costs down will find Tickmill an excellent option since its Raw account has spread from 0.0 pips.
The combination of competitive commissions and low spreads keeps trading expenses low. Trading with Tickmill is safe and secure because respected bodies like the FCA, CySEC, and FSCA regulate it.
Overall Rating
- 4.5/5
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading techniques executed with precision rely on the broker’s platforms, MetaTrader 4 and MetaTrader 5, which provide powerful trading tools and quick execution speeds.
Thanks to the competitive commissions and low spreads, traders in Malaysia can increase their trading efficiency and profit margins. This broker’s high-leverage options—up to 1:1000—give traders in Malaysia even more leeway to apply different trading techniques.
Tickmill is a great option for traders in Malaysia looking to maximize their profits through low-spread trading. We placed Tickmill among the 5 best low-spread Forex brokers because of its high-tech trading platforms, powerful regulatory environment, and dedication to providing affordable trading solutions.
Unique Features
| Feature | Information |
| 📝Regulation | DFSA, FCA, CySEC, FSA, FSCA |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 💳Minimum Spread | 0.0 pips |
| 💸Commission Fees | None, depending on the account type |
| 🎖️Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App, CQG |
| 🚄Execution Speed | Provides fast execution with low latency |
| ✨Account Types | Classic Account, Raw Account |
| ☎️Customer Support | 24/5 multilingual support |
| 💻Educational Resources | Comprehensive educational resources and market analysis tools |
| 🚀Maximum Leverage | 1:1000 |
| 🚀Sign up | Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Spreads on Tickmill’s Raw Account start from 0.0 pips, making it a great choice for those looking to minimize costs | Not all traders, particularly those with smaller volumes, will be able to afford the commission rates associated with the Raw Account |
| To keep total trading expenses low, a competitive commission structure is used | Accounts that are not regularly traded could incur additional costs due to inactivity fees |
| Traders in Malaysia are ensured of a secure trading environment provided by organizations regulated by FCA, CySEC, and FSCA | Newcomers could find the cost structure, which incorporates spreads and commissions, to be confusing |
| The enhanced trading tools and lightning-fast execution speeds are offered by the MetaTrader 4 and MetaTrader 5 platforms, among others | The minimum deposit for premium accounts is hefty, which can be a problem for some traders in Malaysia |
| With high-leverage options up to 1:1000, traders have more leeway to maneuver | Traders who require quick assistance can find it unpleasant that customer service, albeit efficient, is not available 24/7 |
| Traders can hone their craft with the support of thorough instructional materials and analytical tools for the market |
Our Insight
Tickmill offers Malaysian traders low fees, super-fast trade execution, and a variety of platforms to suit any style. Their STP model ensures your trades reach the market for a fair experience.
5. FXPro
FxPro is a great pick for traders in Malaysia because of its affordable trading solutions, strong trading infrastructure, and competitive variable spreads. On the cTrader platform, FxPro provides flexible spreads of as little as 0.0 pips, and the commission-based model makes trading costs transparent.
Malaysian traders’ money is safe with this broker because prestigious organizations like the FCA, CySEC, FSCA, and SCB govern them. FxPro offers various trading platforms to accommodate different trading methods and preferences. These include MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge.
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
Traders that depend on exact market entrances and exits will find FxPro’s fast execution and minimum slippage particularly advantageous. With such low variable spreads, traders in Malaysia can cut their trading expenses in half and increase their profits.
Thanks to high leverage, which can reach 1:500, traders have more leeway. FxPro’s transparent cost structure ensures the availability of low-cost, high-efficiency trading solutions for traders in Malaysia, a robust regulatory framework, and versatile trading platforms.
Unique Features
| Feature | Information |
| 📝Regulation | CySEC, FSC, FCA, SCB, FSCA |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 💳Minimum Spread | 0.0 pips |
| 💸Commission Fees | Zero commission on some accounts |
| 🎖️Trading Platforms | FxPro Platform, MetaTrader 4, MetaTrader 5, cTrader, FxPro App |
| 🚄Execution Speed | High-speed execution with minimal slippage |
| ✨Account Types | Standard, Pro, Raw+, Elite |
| ☎️Customer Support | 24/5 multilingual support |
| 💻Educational Resources | Offers a variety of educational tools and market analysis |
| 🚀Maximum Leverage | 1:500 |
| 🚀Sign up | Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| With FxPro, traders can trade on the cTrader platform with changeable spreads as little as 0.0 pips, which is highly competitive | Because variable spreads can change, it’s harder to forecast costs reliably |
| A commission-based arrangement guarantees transparency in trading expenses | The cTrader account commission could put off some traders in Malaysia |
| FxPro boasts a reliable and safe trading environment thanks to regulations from FCA, CySEC, FSCA, and SCB | Those who trade rarely can be worried about inactivity penalties |
| Traders in Malaysia are offered a variety of trading platforms, such as FxPro Edge, cTrader, and MetaTrader 4 and 5 | Spreads and commissions form a complicated pricing structure that newcomers could find difficult to understand |
| Market participants that depend on exact entry and exit points will benefit from fast execution and less slippage | Although customer assistance is strong, it might not be accessible at all times, which we feel could be a problem for certain traders in Malaysia |
| Increased trading freedom is provided by high leverage levels up to 1:500 |
Our Insight
FxPro boasts several account types to suit your needs, from beginner-friendly with standard spreads to high-volume VIP accounts with tight spreads and commission rebates. Multiple authorities regulate them for added security.
Our Final Thoughts on the 5 Best Low-spread Forex Brokers in Malaysia
Finding a low-spread Forex broker offering a good trading experience should be the top priority for Malaysian traders. Reduced trading expenditures due to low spreads can boost profitability, particularly for high-frequency traders.
Additional expenses, customer service, platform reliability, and regulation compliance are other principal factors.
The top low-spread brokers typically stand out when offering a secure trading environment, and one way to do that is by being licensed by trustworthy authorities. Regulators guarantee the security of traders’ funds by holding brokers to account.
Traders in Malaysia can find innovative tools at their fingertips with the help of a number of these brokers’ advanced trading platforms, including MetaTrader 4 and MetaTrader 5.
There are advantages, but you should also consider the disadvantages. When dealing with brokers that provide exceptionally low spreads, fee structures might get confusing due to the possibility that they nevertheless charge fees.
Due to inactivity fees and growing minimum deposit requirements, costs can add up fast, particularly for less active traders or those starting with low cash.
Traders in Malaysia should go for regulated Forex brokers who have robust platforms, offer small spreads, and have excellent customer care. Traders can choose a broker that meets their entire trading needs and offers low spreads in this way.
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Frequently Asked Questions
By trading during peak market hours when liquidity is high and avoiding low-volume periods, traders can effectively minimize spreads.
Having low spreads is essential for frequent traders or those with tight profit margins as it helps to minimize the cost of trading, leading to increased profitability.
Certain Forex brokers charge commissions alongside tight spreads, while others incorporate the costs.
Minimal spread Forex brokers typically generate revenue by charging commissions per trade or imposing various fees, including withdrawal fees, even though they can provide low spreads.
Although low spreads can help minimize trading costs, traders should be aware of potential risks like slippage during periods of high volatility, causing the execution price to deviate from the expected price.
