The 4 best MT5 Forex brokers in Malaysia revealed. We have explored and tested several prominent MT5 Forex brokers in Malaysia to identify the Top 4.
In this in-depth guide you’ll learn:
- The 4 Best MetaTrader 5 Forex Brokers in Malaysia – a List
- The Best MT5 Forex Brokers for Beginners
- Forex Brokers with a MetaTrader 5 Trading App
- Is MetaTrader 5 good for traders?
and much, MUCH more!
The 4 Best MT5 Brokers in Malaysia
| 🔎 Broker | 📈 MetaTrader 5 | 💴 Min. Deposit | 💵 Min.Deposit (MYR) |
| 🥇 AvaTrade | ✅Yes | $100 USD | 478 MYR |
| 🥈 HF Markets | ✅Yes | $5 USD | 23.90 MYR |
| 🥉 Tickmill | ✅Yes | $100 USD | 478 MYR |
| 🏅 Pepperstone | ✅Yes | $0 USD | 0 MYR |
The 4 Best MT5 Brokers in Malaysia (2025)
- ☑️ AvaTrade – Overall, the Best MetaTrader 5 Forex Broker in Malaysia
- ☑️ HF Markets – Excellent MT5 Mobile Trading Experience
- ☑️ Tickmill – Award-Winning MetaTrader5 Broker
- ☑️ Pepperstone – Top Low Spread MT5 Broker
AvaTrade
AvaTrade distinguishes itself with the MT5 platform, offering traders advanced features for seamless and strategic trading. Their commitment to education is evident through comprehensive learning resources, aiding Malaysian traders in skill development.
AvaTrade’s research tools provide valuable market insights, empowering traders with informed decision-making. The broker’s customer service is tailored to local needs, offering responsive and multilingual support.
With a focus on user-friendly MT5 features, robust education, insightful research, and dedicated customer service, AvaTrade stands as an ideal choice for Malaysian traders seeking a holistic and supportive Forex trading experience. AvaTrade has a high trust score of 96%
| 🔎 Broker | 🥇 AvaTrade |
| 📌 Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 📍 BNM Regulation | None |
| 📈 Trading Accounts | Retail Account, Professional Account |
| 📉 Trading Platforms | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 📊 Minimum Deposit in MYR | 465,25 MYR or equivalent to $100 |
| 💹 Trading Assets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-traded funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
| 💴 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 |
The Pros of trading with AvaTrade will include:
- ✅ AvaTrade provides favorable trading conditions for Malaysian traders.
- ✅ An Islamic account or a test account are both available.
- ✅ AvaTrade has received numerous accolades and has a solid reputation.
- ✅ The utilization of trading instruments on the financial markets exceeds 1,250.
- ✅ AvaTrade provides the instruments required for effective trading.
- ✅ One may select from an assortment of innovative and potent trading instruments.
The Cons of Trading with AvaTrade may include:
- ✅ Malaysian traders are unable to use MYR accounts or domestic withdrawal methods.
- ✅ Spreads are all preset.
- ✅ One account is designated for ordinary users, while the other is reserved for traders.
Accounts that remain unused are subject to inactivity fees.
How does AvaTrade support the education of Forex traders in Malaysia?
AvaTrade stands out by offering comprehensive educational resources, catering to the learning needs of Malaysian traders, and aiding in their skill development in the dynamic Forex market.
What research tools are available at AvaTrade?
AvaTrade provides robust research tools that offer valuable market insights, empowering Malaysian traders with informed decision-making and helping them stay ahead in the ever-changing Forex landscape.
HF Markets
HFM stands out for its comprehensive offerings. The MetaTrader 5 (MT5) platform, a flagship feature, empowers traders with advanced charting tools, algorithmic trading, and multi-asset support, enhancing their trading experience.
HFM prioritizes transparency, offering competitive spreads and a range of trading accounts suitable for diverse needs. With a strong global presence, this broker provides a secure and regulated environment for traders.
HFM’s commitment to education through webinars and seminars further enriches the trading journey, making it an attractive choice for those seeking a trustworthy and feature-rich Forex trading platform. HFM has a trust score of 83%
| 🔎 Broker | 🥇 HF Markets |
| 🏦 Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 💱 Tier-1 Licenses | Financial Conduct Authority (FCA) |
| 📉 Regional Restrictions | The United States, Canada, Sudan, North Korea, and Syria |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏰ Non-expiring Demo | ✅Yes |
| ⏱️ Demo Duration | Unlimited |
| 4️⃣ Retail Investor Accounts | 4 |
| 📌 PAMM Accounts | ✅Yes |
| 💧 Liquidity Providers | Barclays UK, BNP Paribas, and others |
| 🤝 Affiliate Program | ✅Yes |
| 💻 Order Execution | Market |
| 📊 Minimum Commission per Trade | From $6 per round turn on Forex |
| 🖇️ Decimal Pricing | 5th decimal pricing after the comma |
| ▶️ Margin Call | Between 40% to 50% |
| ⛔ Stop-Out | Between 10% and 20% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 60 lots |
| 🪙 Crypto trading offered | ✅Yes |
| 📌 Maximum Leverage | 1:2000 |
| 💷 Minimum Deposit (MYR) | 25 MYR ($%) |
| 🔟 Rating for HFM Malaysia | 9/10 |
| 💯 Trust score for HFM Malaysia | 85% |
The Pros of trading with HF Markets will include:
- ✅ EUR/USD spreads commence at 0.0 pips and are extremely competitive.
- ✅ Both novice traders learning how to trade and seasoned traders seeking to test new strategies have access to a demo account.
- ✅ HFM facilitates the trading of a diverse array of assets for Malaysian investors due to the ability to deposit funds in MYR.
- ✅ MetaTrader 4 and 5 are web-based, mobile application, and computer compatible.
The Cons of Trading with HFM may include the fact that HFM provides only a limited selection of deposit and withdrawal methods to Malaysian traders
How does HFM prioritize transparency in its Forex trading services?
HFM ensures transparency by offering competitive spreads and a variety of trading accounts, catering to diverse needs, and providing traders with clear and fair pricing structures.
How does HF Markets support trader education?
HF Markets is committed to trader education, offering webinars and seminars to enrich the trading journey, and providing valuable resources for traders to enhance their skills and knowledge in the Forex market.
Tickmill
Tickmill offers a robust trading experience with the MetaTrader 5 (MT5) platform, featuring advanced tools and seamless execution. Traders benefit from a diverse asset selection, including major and exotic currency pairs, ensuring varied trading opportunities.
The sign-up process with Tickmill is user-friendly and efficient, allowing traders in Malaysia to quickly access the platform. Additionally, Tickmill provides a demo account, enabling users to practice and familiarize themselves with the platform risk-free.
With a focus on a powerful MT5 platform, diverse assets, straightforward onboarding, and a demo account, Tickmill stands out as a reliable choice for Forex trading. Tickmill has a trust score of 81%
| 🖇️ SCM Regulation | No, but it is regulated by the Financial Services Authority of Labuan in Malaysia |
| ❎ Regional Restrictions | The United States |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏰ Non-expiring Demo | ✅Yes |
| ⏱️ Demo Duration | Unlimited |
| 🔟 Retail Investor Accounts | 3 |
| 📈 PAMM Accounts | MAM Accounts |
| 💧 Liquidity Providers | Barclays and other top-tier banks, as well as hedge funds |
| 🤝 Affiliate Program | Yes |
| 📉 Order Execution | Market |
| 💴 Minimum Deposit (MYR) | 465 MYR ($100) |
| 💵 Deposit Currencies | USD, GBP, EUR, IDR, CNY, VND, RUB |
| 💶 MYR Deposits Allowed | None |
| 💷 Account Base Currency | USD, EUR, GBP, PLN |
| 💻 Trading Platforms | MetaTrader 4 MetaTrader 5 Tickmill Mobile App |
| 📈 Tradable Assets | Forex Stock Indices Energy Indices Precious Metals Bonds Cryptocurrencies Stocks |
| 🥰 Customer Support Languages | Multilingual |
| ✔️ Copy Trading Support | ✅Yes |
| ⏰ Customer Service Hours | 24/5 |
| ↪️ Malaysian-based customer support | ✅Yes |
| 🎁 Bonuses and Promotions for Malaysia Traders | ✅Yes |
| 📍Education for Malaysian beginners | ✅Yes |
| 🖥️ Proprietary trading software | ✅Yes |
| 😎 Most Successful Trader in Malaysia | Rayn Lim (Net Worth is private) |
| ⏩ Is Tickmill a safe broker for Malaysian Traders | ✅Yes |
| 🔟 Rating for Tickmill Malaysia | 9/10 |
| 💯 Trust score for Tickmill Malaysia | 83% |
The Pros of Trading with Tickmill will include:
- ✅ Tickmill offers robust trading instruments and innovative mobile trading options.
- ✅ Tickmill has an exceptionally high trust score and is renowned for maintaining equitable trading conditions.
- ✅ To deposit funds, Skrill, Neteller, and other user-friendly payment methods may be utilized.
- ✅ Advanced users have access to a variety of tools, including FIX API, AutoChartist, and VPS, among others.
The Cons of trading with this broker may include the fact that there are no fixed spread accounts provided by Tickmill
What features does Tickmill offer with the MetaTrader 5 (MT5) platform for Forex trading?
Tickmill provides traders with a robust trading experience through the advanced MetaTrader 5 (MT5) platform, featuring seamless execution and advanced tools for strategic trading.
What is the range of assets available for trading with Tickmill?
Tickmill offers a diverse asset selection, encompassing major and exotic currency pairs, providing traders with varied and comprehensive trading opportunities.
Pepperstone
Pepperstone provides traders with a cutting-edge trading experience through the MetaTrader 5 (MT5) platform. Renowned for its speed and versatility, the MT5 platform offered by Pepperstone features advanced charting tools and algorithmic trading capabilities, catering to both novice and experienced traders.
The broker boasts a commitment to low spreads, transparency, and rapid execution, creating an optimal environment for Forex trading.
With regulatory compliance and a focus on technology, Pepperstone stands out as a reliable choice for those seeking a feature-rich and efficient platform to navigate the dynamic landscape of the foreign exchange market. Pepperstone has a high trust score of 92%.
| 🔎 Broker | 🥇 Pepperstone |
| 📌 Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 📍 BNM Regulation | None |
| 📈 Trading Accounts | Standard Account Razor Account Professional Account Demo Account Islamic Account |
| 📉 Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView Myfxbook Duplitrade |
| 💴 Minimum Deposit in MYR | 595 MYR equivalent to AU$200 |
| 📊 Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures Options |
| 💵 MYR-based Account | None |
| 💶 MYR Deposits Allowed | ✅Yes |
| 🎁 Bonuses for Malaysian traders | None |
| 💹 Minimum spread | From 0.0 pips |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
The Pros of trading with Pepperstone will include:
- ✅ A well-known CFD and forex exchange, Pepperstone Markets safeguards client and investor funds.
- ✅ Pepperstone Markets welcomes Malaysian traders and provides domestic deposit and withdrawal options.
- ✅ Numerous nations across the globe impose stringent regulations on Pepperstone Markets.
- ✅ Trading platforms are accessible through a variety of devices, and trading accounts provide favorable terms of trade.
- ✅ Negative sums are acceptable for retail accounts, social trading is an option, and the affiliate program is robust.
The Cons of Trading with Pepperstone may include:
- ✅ Malaysian traders are not permitted to establish MYR-denominated trading accounts.
- ✅ Additional fees are associated with the Islamic Account.
Certain regions impose restrictions on Islamic Accounts, and vendors are required to provide evidence of residency before account modifications.
How does Pepperstone prioritize low spreads?
Pepperstone is committed to providing a conducive trading environment with low spreads, transparent practices, and rapid execution, ensuring optimal conditions for Forex trading.
Is Pepperstone compliant with regulatory standards?
Yes, Pepperstone prioritizes regulatory compliance, adhering to industry standards to provide traders with a secure and trustworthy platform for their Forex activities.
What is MetaTrader 5?
MetaTrader 5 (MT5) is a robust trading platform widely used by Forex traders in Malaysia. Offering advanced charting tools, technical analysis, and algorithmic trading capabilities, MT5 enables efficient trade execution. Its multi-asset support and diverse indicators enhance strategic decision-making, making it a preferred choice for Malaysian traders seeking comprehensive features and optimal market insights.
How to choose the best MT5 Forex Brokers in Malaysia
Malaysian traders must evaluate the following components of an MT5 Forex 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 MT5 to Malaysian traders. We have further identified the brokers that offer additional services and solutions to Malaysian traders.
Best MetaTrader 4 / MT4 Forex Broker
Overall, Exness is the best MetaTrader 4 broker in Malaysia. Numerous traders favor Exness as a broker due to its favorable reputation with regulators and its high leverage rates. Exness’ round-the-clock, seven-day-a-week client service is an advantage for Malaysian vendors.
Best MetaTrader 5 / MT5 Forex Broker
Overall, AvaTrade is the best MetaTrader 5 broker in Malaysia. AvaTrade is a well-regarded brokerage that provides over 1,250 trading options spanning various financial sectors. AvaTrade offers favorable trading conditions, particularly for Malaysian citizens.
Best Forex Broker for Beginners
Overall, XM is the best forex trading platform for beginners in Malaysia. Although numerous trading methods can be implemented on XM, it is particularly advantageous for novice traders. XM is replete with a wealth of information for individuals interested in forex trading.
Best Low Minimum Deposit Forex Broker
Overall, Alpari is the best minimum deposit forex trading platform in Malaysia. A significant number of Malaysian traders deposit and withdraw funds from Alpari via domestic methods. At Alpari, spreads are minimal and fees are extremely low. Additionally, Alpari offers a trading application and copy trading instruments for purchase.
Best ECN Forex Broker
Overall, IC Markets is the best ECN forex trading broker in Malaysia. IC Markets has an excellent track record and is among the select few ECN traders. IC Markets provides demo accounts, Islamic-compliant accounts, and accounts with reduced transaction fees. They also enable the implementation of scalping, hedging, and various other trading strategies.
Best Islamic / Swap-Free Forex Broker
Overall, FXCM is the best Islamic/swap-free forex trading platform in Malaysia. Globally renowned for its currency trading and associated services for businesses and individuals, FXCM is the industry leader in this sector. FXCM was the inaugural Forex firm to be publicly traded on the New York Stock Exchange upon its establishment in 1999.
Best Forex Trading App
Overall, FXTM has the best forex trading app in Malaysia. FXTM provides three live trading accounts and the most recent trade instruments available for purchase. At FXTM, a demonstration account can be established using any trading account.
Best Forex Rebates Broker
Overall, FxPro is the Best Forex Rebates Broker in Malaysia. FxPro is a United Kingdom-based ECN and STP broker with over 1.8 million registered traders. FxPro offers rebates to its users by the trading instrument utilized and the account type.
Thus, monthly forex cashback reimbursements of up to 30% are available to retail traders and are deposited directly into their trading accounts.
Best Lowest Spread Forex Broker
Overall, Tickmill is the best lowest spread forex trading platform in Malaysia. Tickmill is among the most affordable brokers available, and it provides an extensive selection of supported trading methods. There are numerous methods by which you can fund your account on Tickmill, and there are no hidden trading fees.
Best Nasdaq 100 Forex Broker
Overall, HFM is the best Nasdaq 100 forex trading platform in Malaysia. HFM not only offers accounts with a minimal deposit requirement but also provides an extensive collection of educational resources to assist novice traders. Leverage of up to 1:1000 is available at HF Markets.
Best Volatility 75 / VIX 75 Forex Broker
Overall, IG is the best Volatility 75/VIX 75 forex trading platform in Malaysia. Entry to the IG Academy is permitted for prospective Malaysian traders. Skilled traders have access to an extensive selection of complex trading instruments.
Best NDD Forex Broker
Overall, FP Markets is the best NDD forex trading broker in Malaysia. At FP Markets, there are numerous methods for depositing and withdrawing funds. Utilizing a well-known ECN price model, FP Markets observes extremely close raw spreads.
Best STP Forex Broker
Overall, Oanda is the best STP forex trading broker in Malaysia. No minimum deposit is required to utilize Oanda’s robust trading instruments. One can find more robust and adaptable trading instruments on Oanda.
Best Sign-up Bonus Broker
Overall, RoboForex is the best sign-up bonus forex trading platform in Malaysia. RoboForex provides a 100% bonus on your initial investment and enables you to trade a wide variety of instruments.
Beginner’s Guide to Trading with MT5 in Malaysia
As a beginner trader in Malaysia, understanding the basics of this powerful platform is crucial for a successful start in the dynamic financial markets.
What is MT5?
MetaTrader 5, developed by MetaQuotes, is a cutting-edge trading platform widely used by traders globally. In Malaysia, it has gained popularity for its advanced features, user-friendly interface, and versatility in trading various financial instruments, including Forex, stocks, commodities, and cryptocurrencies.
Getting Started
- ✅ Setting Up Your Account: Choose a reputable Forex broker that offers MT5, ensuring regulatory compliance and a secure trading environment. Complete the registration process and verify your account according to the broker’s requirements.
- ✅ Downloading and Installing MT5: After registering with a broker, download the MT5 platform from their official website. Follow the installation instructions, and you’ll be ready to explore the world of trading.
Navigating the MT5 Interface
- ✅ Market Watch: The Market Watch window provides a real-time overview of available financial instruments and their bid/ask prices. Right-click to customize the list based on your preferences.
- ✅ Charts: MT5 offers advanced charting tools. Open a chart by selecting a financial instrument in the Market Watch and choosing “Chart Window.” Analyze price movements using various timeframes, technical indicators, and drawing tools.
- ✅ Order Execution: To place an order, right-click on the chart, choose “Trading,” and then “New Order.” Specify your trade parameters, such as lot size and stop-loss/take-profit levels. Click “Buy” or “Sell” to execute the trade.
Essential Trading Functions
- ✅ Pending Orders: MT5 allows you to set pending orders, specifying a price at which you want the trade to be executed. This is useful for entering the market at specific levels.
- ✅ Risk Management: Manage your risk effectively by setting stop-loss and take-profit levels. These tools help limit potential losses and secure profits, crucial for responsible trading.
- ✅ Algorithmic Trading: MT5 supports algorithmic trading through Expert Advisors (EAs). If you’re interested in automated trading, you can develop or use existing EAs to execute trades based on predefined strategies.
Additional Tips for Malaysian Traders
- ✅ Stay Informed: Keep yourself updated on global and local economic events. Malaysia’s economic indicators, such as GDP and interest rates, can significantly impact currency prices.
- ✅ Localized Support: Choose a broker that offers customer support in Malay or English, ensuring you can easily communicate and seek assistance when needed.
- ✅ Demo Trading: Before risking real capital, use the MT5 demo account to practice your strategies. This helps you familiarize yourself with the platform and gain confidence in your trading skills.
In Conclusion
Overall, trading with MT5 in Malaysia can be a rewarding experience with the right knowledge and approach. As you navigate the platform and markets, remember that continuous learning and disciplined risk management are key to long-term success in Forex trading.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all South African 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. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Frequently Asked Questions
Why is MetaTrader 5 popular among Forex traders in Malaysia?
MT5 is a versatile trading platform widely used globally, including in Malaysia, for its advanced features. It supports various financial instruments and offers a user-friendly interface, making it popular among traders seeking diverse market opportunities.
How do I set up a trading account with MT5 in Malaysia?
To set up a trading account, choose a reputable Forex broker offering MT5, complete the registration, and verify your account. Consider factors like regulatory compliance, security, and customer support when selecting a broker.
What are the essential tools and functions available in MT5 for Forex trading?
MT5 provides advanced charting tools, order execution options, and risk management features. Explore functions like pending orders and algorithmic trading to enhance your trading strategies.
How can Malaysian traders stay informed about market trends and economic events while using MT5?
Stay informed by regularly checking global and local economic news. Pay attention to Malaysia’s economic indicators, such as GDP and interest rates, as they can impact currency prices. Utilize the News tab in MT5 for timely updates.
Is it advisable to use the MT5 demo account before starting live trading?
Yes, it’s highly advisable to use the MT5 demo account for practice before signing up for a live account. Malaysian traders can familiarize themselves with the platform, test strategies, and build confidence without risking real capital. It’s an essential step for skill development before venturing into live trading.
