To meet the unique needs of traders in Malaysia, we have conducted extensive research and identified the top 5 Micro-Account Forex Brokers in the country. These brokers have been hand-picked to meet these needs.
In this comprehensive review, you will learn about the following:
What is a Micro-Account Forex Broker?
The 5 Best Micro-Account Forex Brokers in Malaysia
Our Final Thoughts on The 5 Best Micro-Account Forex Brokers in Malaysia
Frequently Asked Questions About The 5 Best Micro-Account Forex Brokers in Malaysia
- Sandy Coetzee
10 Best Forex Brokers in Malaysia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a Micro-Account Forex Broker?
Micro-Account Forex Brokers in Malaysia are designed to accommodate traders with reduced capital requirements by catering to their preference for smaller lot sizes. With these brokers’ Micro-accounts, traders in Malaysia can lower their financial risk by starting with as little as 0.01 lots. We believe that Micro-accounts are the best method for novice traders to test the waters in the Forex market. They allow them to do so without committing a large sum of money.
When looking for a Forex broker in Malaysia, ensure they comply with all regulations. Respectable bodies register the brokers we looked at, so traders in Malaysia are safe. The integrity of the Forex trading community depends on this conformity. Traders in Malaysia who want to converse in their own language can receive specialized help as an additional bonus from micro account brokers.
Micro-accounts are popular among Malaysian novice traders due to their reduced minimum deposit requirements. To help traders gain confidence, the top micro account brokers offer instructional tools, demo accounts, and customer support. Powerful, user-friendly platforms and competitive spreads further enhance the trading experience. All factors considered, micro account trading in Malaysia is a low-risk and easily accessible way to start trading Forex.
The 5 Best Micro-Account Forex Brokers in Malaysia
Traders in Malaysia can be confident that the top 5 Micro-Account Forex Brokers in the country have been hand-picked by us after a thorough evaluation that prioritized their capacity to provide superior trading conditions, regulatory protection, and specialized services.
- ☑️HFM – Offers 5 main account types
- ☑️XM – Renowned for its competitive trading conditions
- ☑️FxPro – Low Minimum Deposit Required to Start Trading
- ☑️IC Markets – Ultra-competitive spreads
- ☑️Admiral Markets – Extensive range of educational resources and trading tools
table with top 5 micro brokers
1. HFM
In our review of Micro-Account Forex Brokers for traders in Malaysia, HFM (previously known as HotForex) emerged as one of our top picks. HFM offers a Micro Account that requires no minimum deposit, making it accessible to new traders in Malaysia. The broker offers competitive spreads starting at 1.2 pip, which helps to reduce trading costs. This is critical for increasing profits, mainly when trading smaller lot sizes.
HFM also provides a high leverage of up to 1:2000, resulting in significant trading power. This feature enables traders in Malaysia to oversee more prominent positions with less capital, but it is critical to manage leverage wisely to avoid substantial losses. One of the primary benefits of HFM is the diverse range of tradable instruments available. Traders can access Forex, metals, energy, indices, stocks, commodities, and cryptocurrencies. This diversity opens numerous chances for portfolio diversification and trading technique development. HFM also provides personal account managers, guaranteeing that traders in Malaysia receive personalized assistance customized to their specific requirements.
Overall Rating
- 4.5/5
Min Deposit
USD 0
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
This kind of support can benefit inexperienced traders who want assistance as they experience the complexity of Forex trading. The broker’s flexible bonus programs can increase trading opportunities, providing traders with additional incentives to participate in the market.
However, it is worth mentioning that HFM is not regulated by Malaysian financial regulators, which can be stressful for traders in Malaysia. HFM offers a stable and accessible trading environment for Malaysian traders, with competitive trading conditions and solid support services. The broker’s comprehensive services make it an attractive alternative for anyone wishing to begin or grow their Forex trading career with a micro account.
Unique Features
| Feature | Information |
| 📝Regulation | FSA, CMA, CySEC, FSCA, DFSA, FCA, FSC |
| 📃SCM Regulated | No |
| 📄BNM Regulated | No |
| 💵Minimum Deposit | No minimum deposit |
| 🪙Spreads | From 1.2 pips |
| 🎖️Trading Platform | MetaTrader 4, MetaTrader 5, HFM Platform |
| 📲Trading Instruments | Forex, Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies |
| 🚀Maximum Leverage | 1:2000 |
| 🎁Minimum Trade Size | 0.01 lot |
| 🚨Maximum Trade Size | 7 standard lots |
| 🧨Maximum Open Orders | 150 simultaneous positions |
| 🔊Margin Call Level | 50% |
| 🛑Stop-Out Level | 20% |
| 💡Bonuses Offered | Flexible bonus offerings |
| 🧑💻Personal Account Manager | Yes |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| With zero minimum deposit, trading becomes easily accessible for new traders in Malaysia | Experienced traders might find the maximum trade size of 7 standard lots somewhat limiting |
| With spreads starting from just 1.2 pips, trading costs are highly competitive | The margin call level of 50% and stop-out level of 20% could potentially lead to a higher likelihood of position liquidation |
| With leverage up to 1:2000, traders in Malaysia can employ flexible trading strategies | Limited options for local bank transfers could result in higher trading costs |
| HFM offers a diverse selection of tradable instruments, including Forex, metals, energies, indices, shares, commodities, and cryptocurrencies | Customer support is not available around the clock, which could pose an inconvenience for traders in Malaysia seeking assistance outside of regular business hours |
| Flexible bonus offerings can maximize trading opportunities |
Our Insight
HFM offers Malaysians a good starting point with low minimum deposits. They have a decent range of assets and account types. While fees might be a bit higher, their user-friendly platform makes it suitable for beginners.
2. XM
Evaluating Micro-Account Forex Brokers for Malaysian Traders ranks XM as a strong competitor. XM provides a Micro Account with a modest minimum deposit of 24 MYR ($5), making it an appealing choice for beginning traders in Malaysia. The broker offers spreads as low as 1 pip, assuring competitive trading expenses, which are critical for profitability, mainly when trading little sums.
One of XM’s strengths is its diverse portfolio of tradable instruments. Traders can access Forex, equities, commodities, equity indices, precious metals, and energy. This vast assortment offers numerous chances for diversification and applying various trading methods. XM allows high leverage of up to 1:1000, allowing traders to increase their trading positions with minimal capital. This feature can significantly increase trading opportunities but necessitates cautious risk management to avoid huge losses. The broker provides a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and WebTrader, to accommodate different trading styles and preferences.
Overall Rating
- 4.8/5
Min Deposit
USD 5
Regulators
IFSC, FCA, CySEC, ASIC, CMA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
55
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Due to high demand, customer service could be delayed during peak trading hours, which could be inconvenient for traders in Malaysia who require rapid assistance. Despite its shortcomings, we feel XM’s cheap entry requirements, competitive spreads, and wide range of tradable instruments make it an appealing option for Malaysian traders. We believe XM’s outstanding support services and numerous trading platforms add to its attractiveness, making this broker an excellent choice for anyone wishing to start Forex trading with a micro account.
Unique Features
| Feature | Information |
| 📝 Regulation | CySEC, FSCA, IFSC, FCA, DFSA, ASIC |
| 📃 SCM Regulated | No |
| 📄 BNM Regulated | No |
| 💵 Minimum Deposit | 24 MYR ($5) |
| 🪙 Spreads | From 1 pip |
| 🎖️ Trading Platform | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 📲 Trading Instruments | Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies |
| 🚀 Maximum Leverage | 1:1000 |
| 🎁 Minimum Trade Size | 0.01 lot |
| 🚨 Maximum Trade Size | 100 standard lots |
| 🧨 Maximum Open Orders | 300 positions |
| 🔊 Margin Call Level | 50% |
| 🛑 Stop-Out Level | 20% |
| 💡 Bonuses Offered | Various bonuses and promotions |
| 🧑💻 Personal Account Manager | Yes |
| 🚀 Sign Up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| With spreads as low as 1 pip, XM’s trading costs are highly competitive | Potentially discouraging to traders due to the lack of regulation by Malaysian financial regulators |
| Offers support for various trading platforms such as MetaTrader 4, MetaTrader 5, and WebTrader | If not handled correctly, high leverage can cause substantial risk for traders in Malaysia |
| The 24 MYR ($5) minimum deposit is perfect for new traders in Malaysia | Due to increased demand, customer service could be slower during peak trading hours |
| There is a diverse selection of tradable instruments available, such as Forex, stocks, commodities, indices, and energies | Currency conversion could be necessary for certain traders in Malaysia due to limited account base currencies |
| Various incentives and promotions can boost trading activities |
Our Insight
XM offers Malaysians a great trading experience with tight spreads, fast execution, and a wide range of assets. Their generous leverage and multiple account types cater to different traders, plus their educational resources are a bonus.
3. FXPro
After extensive research into Micro-Account Forex Brokers for traders in Malaysia, FxPro stands out. FxPro offers a range of trading platforms to accommodate diverse trading styles and preferences, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. This versatility means that traders in Malaysia can pick a platform that meets their requirements and trading techniques. FxPro also provides diverse tradable assets, including Forex, equities, indices, commodities, energy, and futures. T
his broker offers competitive spreads starting at 1.5 pips, which helps to reduce trading costs while optimizing possible gains. FxPro has a 471 MYR ($100) minimum deposit, which is more significant than some other brokers but still affordable for traders in Malaysia who wish to start with a small investment.
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
Personal account managers can help traders by providing specialized support and guidance. This is especially useful for inexperienced traders who require assistance navigating the complexities of forex trading. FxPro’s many bonuses and promotions provide additional incentives to engage with the market, improving the entire trading experience.
Traders should be aware that FxPro is not regulated by Malaysian financial regulators, which can be problematic for local traders. High-volume traders could find the limit deal size of 100 standard lots too small.
Despite these limits, FxPro’s competitive trading conditions, rich platform features, and reliable support make it an excellent alternative for traders in Malaysia. We feel FxPro’s comprehensive services and fair entrance requirements give traders in Malaysia the opportunity to begin or expand their Forex trading career.
Unique Features
| Feature | Information |
| 📝Regulation | FSCA, CySEC, FCA, SCB, FSC |
| 📃SCM Regulated | No |
| 📄BNM Regulated | No |
| 💵Minimum Deposit | 471 MYR ($100) |
| 🪙Spreads | From 1.5 pips |
| 🎖️Trading Platform | MetaTrader 4, MetaTrader 5, cTrader, FxPro Platform |
| 📲Trading Instruments | Forex, Stocks, Indices, Metals, Energies, Futures |
| 🚀Maximum Leverage | 1:500 |
| 🎁Minimum Trade Size | 0.01 lot |
| 🚨Maximum Trade Size | 100 standard lots |
| 🧨Maximum Open Orders | 200 positions |
| 🔊Margin Call Level | 25% |
| 🛑Stop-Out Level | 20% |
| 💡Bonuses Offered | Various bonuses and promotions |
| 🧑💻Personal Account Manager | Yes |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Trading becomes more affordable for traders in Malaysia, with competitive spreads beginning at 1.5 pips | For some newbies, the 471 MYR ($100) minimum deposit can be too much to put down when compared to other brokers |
| Included in the list of supported trading platforms are FxPro Platform, cTrader, MetaTrader 4, and MetaTrader 5 | The lack of regulation by Malaysian financial regulators could be worrisome for local traders |
| Futures, equities, indices, commodities, energy, and foreign exchange are among the many trading instruments | During non-peak hours, customer service might not be as readily available |
| Traders in Malaysia have an advantage with a Personal Account Manager | Withdrawals and deposits cannot be made through local bank transfers, which could lead to higher transaction fees |
| Several bonuses and promotions are encouraging for traders in Malaysia |
Our Insight
FXPro is a solid choice for Malaysian traders. It offers tight spreads, fast execution, and a reliable platform. Their customer support is responsive, and they have a good selection of trading instruments.
4. IC Markets
Our review of Micro-Account Forex Brokers for Malaysian Traders recommends IC Markets as one of the top choices. IC Markets offers extremely competitive spreads starting at 0.0 pips and powerful platforms such as MetaTrader 4 and 5. The minimum deposit for IC Markets, 942 MYR ($200), is higher than that of some competitors but still affordable to serious traders in Malaysia. The broker offers high leverage of up to 1:1000, allowing traders to manage large positions with minimal cash. This leverage can increase trading opportunities but requires good risk management to avoid large losses.
Overall Rating
- 4.7/5
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
IC Markets is known for its transparent trading environment, eliminating bonus complications and ensuring a direct and honest trading experience. Personal account managers can provide targeted help and guidance, which could be helpful to inexperienced traders. Although Malaysian financial regulators do not regulate IC Markets, they are controlled by strict international authorities such as ASIC and CySEC.
Customer support availability can also be limited during off-peak hours, making it problematic for traders in Malaysia who require assistance outside of regular business hours. IC Markets provides Malaysian traders with a highly competitive and transparent trading environment. The broker’s powerful platform options, diverse range of products, and solid support services make it an excellent alternative for anyone wishing to begin or expand their Forex trading career with a micro account.
Unique Features
| Feature | Information |
| 📝Regulation | FSA, ASIC, SCB, CySEC |
| 📃SCM Regulated | No |
| 📄BNM Regulated | No |
| 💵Minimum Deposit | 942 MYR ($200) |
| 🪙Spreads | From 0.0 pips |
| 🎖️Trading Platform | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| 📲Trading Instruments | Forex, Commodities, Indices, Bonds, Stocks, Cryptocurrencies |
| 🚀Maximum Leverage | 1:1000 |
| 🎁Minimum Trade Size | 0.01 lot |
| 🚨Maximum Trade Size | 100 standard lots |
| 🧨Maximum Open Orders | 200 positions |
| 🔊Margin Call Level | 50% |
| 🛑Stop-Out Level | 20% |
| 💡Bonuses Offered | No bonuses |
| 🧑💻Personal Account Manager | Yes |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Traders in Malaysia can trade at a low cost with spreads as low as 0.0 pips | For some newbies, the 942 MYR ($200) minimum deposit can be too much to put down when compared to other brokers |
| IC Markets provides cutting-edge trading software, including cTrader, MetaTrader4, and MetaTrader 5 | Some high-volume traders in Malaysia could find the 100 standard lot limit deal size to be too restrictive |
| Excessive trading power is provided with leverage up to 1:1000 | For traders seeking extra incentives, the lack of bonus opportunities could be a turnoff |
| A plethora of financial products that can be bought and sold, such as stocks, bonds, commodities, indices, and digital currencies | |
| IC Markets provides a secure trade environment for traders in Malaysia as several respectable bodies regulate it |
Our Insight
IC Markets is a popular choice for Malaysian traders due to its tight spreads, fast execution speeds, and diverse trading instruments. It offers multiple account types to suit different trading styles and provides access to advanced trading platforms.
5. Admiral Markets
Admiral Markets stands out as a formidable contender among Micro-Account Forex Brokers for traders in Malaysia. It offers a Micro Account with competitive spreads beginning at 0.0 pips, creating a cost-effective trading environment that helps maximize profits. Personal account managers are available to help traders in Malaysia by providing specialized support and guidance. Admiral Markets also offers a variety of bonuses and promotions, which improve the overall trading experience and provide additional incentives to engage with the market.
Overall Rating
- 4.2/5
Min Deposit
USD 25
Regulators
MiFID
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Admiral Markets’ minimum deposit requirement is 127 MYR (25 EUR), which is realistic and accessible for most traders in Malaysia. We discovered this broker supports several trading platforms, including MetaTrader 4, MetaTrader 5, and WebTrader. These platforms are noted for their dependability and comprehensive functionality, which appeal to various trading preferences and styles.NDespite the disadvantage that Malaysian financial authorities regulate few brokers, Admiral Markets provides a stable and complete trading environment for Malaysian traders. The broker’s competitive trading conditions, advanced platform choices, and support services make it an excellent alternative for traders wishing to begin or enhance their Forex trading experience.
Unique Features
| Feature | Information |
| 📝Regulation | CMA, CySEC, FSA, FCA, JSC, FSCA, ASIC |
| 📃SCM Regulated | No |
| 📄BNM Regulated | No |
| 💵Minimum Deposit | 127 MYR (25 EUR) |
| 🪙Spreads | From 0.0 pips |
| 🎖️Trading Platform | Web Trader, MetaTrader 4, MetaTrader 5 |
| 📲Trading Instruments | Forex, Stocks, Commodities, Indices, ETFs |
| 🚀Maximum Leverage | 1:500 |
| 🎁Minimum Trade Size | 0.01 lot |
| 🚨Maximum Trade Size | 500 standard lots |
| 🧨Maximum Open Orders | 500 positions |
| 🔊Margin Call Level | 50% |
| 🛑Stop-Out Level | 50% |
| 💡Bonuses Offered | Various bonuses and promotions |
| 🧑💻Personal Account Manager | Yes |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| With spreads as little as 0.0 pips, trading becomes more affordable | For some new traders in Malaysia, the minimum deposit of 127 MYR (25 EUR) could be too much to put down when compared to other brokers |
| Traders in Malaysia get to work with several different trading platforms, such as WebTrader, MetaTrader 4, and MetaTrader 5 | During non-peak hours, customer service might not be as readily available |
| Gain a substantial advantage in trading with leverage of up to 1:500 | |
| Foreign exchange, equities, commodities, indexes, and exchange-traded funds are just a few of the many trading products | |
| Personal account managers are at Traders in Malaysia’s disposal | |
| To encourage trading, there are several bonuses and promotions |
Our Insight
Admiral Markets offers Malaysians a solid platform with competitive spreads, advanced trading tools, and educational resources. Their strong regulatory standing provides traders with added security and trust.
Our Final Thoughts on the 5 Best Micro-Account Forex Brokers in Malaysia
We have discovered that each of the top Micro-Account Forex Brokers for traders in Malaysia has its own set of benefits and drawbacks. Due to their accessibility and functionality, these micro-accounts provide traders in Malaysia with a low-risk entry point into Forex trading. Micro-accounts are a terrific way for inexperienced traders to practice with a smaller initial investment as they learn the ropes.
Most micro-accounts have a minimum deposit requirement, which is a big plus because it allows more people to trade Forex. Those just starting, who might not have much capital to put into their ventures, will find this feature indispensable.
It is extremely important to minimize trading costs to maximize earnings when dealing with lower trade sizes. These brokers offer competitive spreads that help with this.
Some traders would be wary of trading in Malaysia due to the country’s lax financial regulation. Even if respectable international bodies regulate the brokers, this lack can affect how safe and trustworthy they are seen to be.
Prospective traders in Malaysia should consider the restrictions imposed by regulations and customer support. By considering these aspects, traders in Malaysia can select the micro account that suits their trading objectives and requirements.
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Frequently Asked Questions
Reputable brokers providing Micro-accounts are usually governed by international organizations like ASIC or CySEC or local regulatory agencies that aim to protect traders.
Bank transfers, e-wallets, and even cryptocurrencies can be used to make withdrawals, and the time it takes to process them usually ranges from a few hours to a few days.
The majority of brokers provide full-service customer support to Malaysian traders. This includes live chat, email, and, on occasion, local phone assistance.
Most traders can afford to make a minimum deposit, ranging from 5 MYR ($1) to 471 MYR ($100), and vary by broker.
Trading on a smaller scale with real money using a micro account is a practical approach to learning and test trading strategies while minimizing financial risk.
