Our extensive research into the Malaysian Forex market allowed us to identify the five best No Dealing Desk (NDD) brokers, emphasizing those that accept traders in Malaysia. This complete guide will teach you:
What is an NDD Forex Broker?
The 5 Best NDD Forex Brokers in Malaysia
Our Final Thoughts on The 5 Best NDD Forex Brokers in Malaysia
Frequently Asked Questions About The Best NDD Forex Brokers in Malaysia
- Sandy Coetzee
10 Best Forex Brokers in Malaysia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is an NDD Forex Broker?
As reviewers committed to finding the top Forex brokers for traders in Malaysia, our concentration has been on NDD brokers. Many traders choose NDD brokers because of their openness and attractive trading conditions. No-Dealing-Desk (NDD) brokers do not speculate on their clients’ trades. Instead, they bypass intermediaries and transmit orders straight to liquidity sources like banks and other financial organizations, guaranteeing that traders get the best rates.
Based on our research, high-frequency traders and scalpers in Malaysia find NDD trading attractive due to its many benefits, including reduced spreads and quicker execution times. For traders, the lack of a dealing desk means a more streamlined trading process with less room for price manipulation and requotes. Finally, if you’re a trader in Malaysia looking for peace of mind, low prices, and quick order execution, NDD Forex brokers are an intelligent choice.
For effective Forex trading, traders in Malaysia should choose well-regulated NDD brokers. This will ensure a fair and safe trading environment. Based on our findings, the Malaysian trading community can benefit significantly from NDD trading and the significance of fulfilling regulatory requirements.
5 Best NDD Forex Brokers in Malaysia
After scouring the Forex market, we have narrowed it down to the top five No Dealing Desk (NDD) brokers. Our criteria for broker selection included reliability, regulatory compliance, and the unique requirements of traders in Malaysia.
- ☑️AvaTrade – Best Regulated Forex Broke
- ☑️HFM – Several Account Types Available for Different Traders
- ☑️Oanda – Global leader in corporate FX solutions
- ☑️FBS – Trading instruments like metals, energies, and indices.
- ☑️IC Markets – Overall Best Copy Trading Platform
1. AvaTrade
AvaTrade’s NDD services mostly use their STP (Straight Through Processing) algorithm. Our evaluation revealed that this solution eliminates the dealing desk by routing trade orders straight to liquidity providers. This approach ensures that traders in Malaysia get competitive pricing and faster execution rates, which can greatly decrease the likelihood of requotes and slippage. Improving the security and reliability of their trading environment, AvaTrade is regulated by many international bodies.
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
Offering a range of trading platforms, such as MetaTrader 4, MetaTrader 5, and AvaTradeGO, they make trading easy and flexible for traders of all types and preferences in Malaysia. Traders can better themselves using AvaTrade’s extensive instructional materials, which include webinars and eBooks. We selected AvaTrade as one of the leading NDD brokers because of their dedication to efficiency and transparency. Traders in Malaysia can take advantage of their safe and competitive trading environment.
Unique Features
| Feature | Information |
| ✨NDD Type | STP (Straight Through Processing) |
| 📝Regulation | FSCA, CySEC, ASIC, BVI FSC, JFSA, FFAJ, ADGM, IIROC, ISA, CBI, KNF |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🎖️Trading Platforms | MetaTrader 4, MetaTrader 5, AvaSocial, AvaOptions, AvaTradeGO, WebTrader, DupliTrade, ZuluTrade, |
| 💸Spreads | Variable spreads starting from 0.9 pips |
| 🚄Execution Speed | Fast execution with no requotes |
| 🚀Leverage | Up to 1:400 |
| 💵Minimum Deposit | 470 MYR ($100) |
| 🏦Deposit/Withdrawal Methods | Credit/Debit cards, Bank Wire, eWallets (Neteller, Skrill, etc.) |
| ☎️Client Support | 24/5 multilingual support |
| 💻Educational Resources | Webinars, eBooks, Trading videos, Articles |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Trades are processed without dealing desk involvement thanks to AvaTrade’s STP execution | As a Market Maker is AvaTrade’s main business model, though they do provide STP accounts |
| AvaTrade is subject to regulation by various international bodies, which further enhances their security | For some traders in Malaysia, the 470 MYR ($100) minimum deposit could be too much |
| With options like AvaTradeGO, MetaTrader4, and MetaTrader5, traders in Malaysia have a lot of leeway | One potential drawback is that they do not work with local banks in Malaysia to make deposits or withdrawals |
| With spreads as low as 0.9 pips, we thought they were competitive | The maximum leverage available is 1:400, which is quite low when compared to other brokers |
| There is less chance of requotes and slippage due to the lightning-fast execution speeds | Bonuses and promotions for new traders are few and far between |
| Webinars and eBooks are only two of the many educational products that they offer to traders | |
| Helpful for speedy problem resolution, AvaTrade provides multilingual customer service 24/5 for traders in Malaysia |
Our Insight
AvaTrade offers Malaysians a regulated platform with a wide range of tradable instruments, including forex, CFDs, and cryptocurrencies. Their user-friendly platform and educational resources make trading accessible to beginners and experienced traders.
2. HFM
One distinctive feature of HFM accounts is the ability to access the market directly through the Electronic Communication Network (ECN), eliminating the need for dealing desk intervention. With its transparent pricing and tight spreads as low as 0.0 pips, this feature is perfect for high-frequency traders and scalpers and is beneficial for traders in Malaysia. Trust and security are enhanced because esteemed bodies like CySEC and FCA regulate HFM. With high leverage choices reaching 1:2000 and platforms like MetaTrader 4 and MetaTrader 5, they cover all bases when it comes to trading.
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
HFM’s extensive training materials, such as webinars and forex tools, can help traders in Malaysia improve their knowledge and abilities. Because of their commitment to offering a transparent trading environment with incredible execution speeds, we identified HFM as one of the top NDD Forex brokers for traders in Malaysia. HFM’s competitive trading conditions and extensive support benefit traders in Malaysia and worldwide.
Unique Features
| Feature | Information |
| ✨NDD Type | ECN (Electronic Communication Network) |
| 📝Regulation | CMA, FSCA, CySEC, FSA, FSC, DFSA, FCA, CMA |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🎖️Trading Platforms | MetaTrader 4, MetaTrader 5, HFM Platform, Mobile Trading |
| 💸Spreads | Variable spreads starting from 0.0 pips |
| 🚄Execution Speed | Ultra-fast execution with low latency |
| 🚀Leverage | Up to 1:2000 |
| 💵Minimum Deposit | No minimum deposit to register an account |
| 🏦Deposit/Withdrawal Methods | Bank Transfer, Credit/Debit cards, eWallets (Neteller, Skrill, etc.) |
| ☎️Client Support | 24/5 multilingual support |
| 💻Educational Resources | Webinars, Forex education, Trading tools |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Traders in Malaysia can bypass the dealing desk altogether with HFM’s ECN accounts, which provide direct access to the market | It can be inconvenient when local Malaysian banking choices are not fully supported |
| The CySEC and FCA are only two of the respectable organizations that oversee HFM | Some have mentioned slippage happening during times of extreme volatility |
| Traders with varying preferences can find a suitable platform among MetaTrader 4 and MetaTrader 5 | With respect to proprietary tools, HFM falls short when contrasted with other brokers |
| HFM’s spreads are incredibly low, beginning at just 0.0 pips, making them perfect for high-frequency and scalping trading | |
| Options with high leverage, up to 1:2000, provide traders in Malaysia a lot of power | |
| Different trading techniques and levels of experience can be accommodated by their many account types | |
| The webinars and trading tools that HFM offers as instructional resources are top-notch |
Our Insight
HFM offers Malaysians a solid trading platform with diverse assets and multiple account options. While fees might be slightly higher than some competitors, their regulation and reliability make them a dependable choice for traders looking to enter the market.
3. OANDA
After researching several NDD Forex providers, we settled on OANDA due to their flexible execution approach, which combines Market Maker and STP capabilities to meet the needs of different traders. This strategy provides more freedom to traders in Malaysia. With this hybrid approach, traders can use competitive pricing, transparency, and changeable spreads starting at 0.1 pips. Malaysian traders have access to a wealth of educational materials from OANDA, including the Forex Labs. Webinars are another option.
Overall Rating
- 4.2/5
Min Deposit
USD 0
Regulators
IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, BVI FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
OANDA is more reliable and trustworthy because prestigious organizations like the CFTC, NFA, FCA, ASIC, and IIROC regulate it. Traders in Malaysia have many platform options, such as TradingView, MetaTrader 4, and OANDA Trade. Our study indicates that OANDA is one of the top NDD brokers based on its dedication to transparency and stringent regulatory supervision. OANDA’s adaptable trading platform and risk management features are available to traders in Malaysia.
Unique Features
| Feature | Information |
| ✨NDD Type | Hybrid (Market Maker and STP) |
| 📝Regulation | NFA, IIROC, JFSA, ASIC, MAS, CFTC, FCA, MFSA, FFAJ, BVI, FSC |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🎖️Trading Platforms | OANDA Trade, MetaTrader 4, WebTrader, FxTrade |
| 💸Spreads | Variable spreads starting from 0.0 pips |
| 🚄Execution Speed | Competitive execution with no requotes |
| 🚀Leverage | Up to 1:888 |
| 💵Minimum Deposit | No minimum deposit |
| 🏦Deposit/Withdrawal Methods | Bank Transfer, Credit/Debit cards, eWallets (PayPal) |
| ☎️Client Support | 24/5 support |
| 💻Educational Resources | Forex Labs, Webinars, Videos, Articles |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Various trading styles can profit from OANDA’s hybrid approach, which combines Market Maker and STP capabilities | There is a possibility of bias because not all trades are conducted through NDD in the hybrid model. |
| OANDA has a lot of credibility because top-tier authorities heavily regulate them | When contrasted with pure ECN brokers, spreads are often wider |
| Spreads start at 0.0 pips and are changeable; their pricing is clear | Bonuses and promotions for new account holders at OANDA are restricted |
| OANDA is accessible to traders in Malaysia of all skill levels because it does not demand a minimum deposit | |
| Among their many instructional offerings are Forex Labs and live webinars | |
| Tools for effective risk management, including guaranteed stop-loss orders, are available at OANDA | |
| Traders in Malaysia can choose from several different trading platforms, including MetaTrader 4 and OANDA Trade |
Our Insight
OANDA is a trusted global broker that offers Malaysians access to various markets, competitive pricing, and advanced trading tools. With a strong regulatory framework and excellent customer support, OANDA provides Malaysian traders with a secure and reliable trading environment.
4. FBS
Traders in Malaysia can rest assured that FBS’s ECN accounts, which provide direct market access without dealing desk involvement, will guarantee transparency and tight spreads. With competitive pricing starting at 0.7 pips and high leverage options up to 1:3000, traders in Malaysia have plenty of room to expand their trading potential. CySEC and IFSC oversee FBS, ensuring a secure trading environment. Various platforms are available, from the FBS Trader App to MetaTrader 4 and MetaTrader 5.
Overall Rating
- 4.5/5
Min Deposit
USD 5
Regulators
IFSC, CySEC, ASIC, FSCA
Trading Platform
MT4, MT5, FBS Trader
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
One of the several deposit and withdrawal options FBS supports is local Malaysian banks, which further enhances traders’ convenience. Their training resources include video tutorials and webinars, among others, to help traders improve their skills. As a leading NDD broker, we choose FBS because of its competitive spreads and extensive leverage options. Traders in Malaysia benefit from FBS’s user-friendly platform and solid trading conditions.
Unique Features
| Feature | Information |
| ✨NDD Type | ECN (Electronic Communication Network) |
| 📝Regulation | ASIC, CySEC, IFSC, FSCA |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🎖️Trading Platforms | MetaTrader 4, MetaTrader 5, FBS Trader App |
| 💸Spreads | Variable spreads starting from 0.7 pips |
| 🚄Execution Speed | Fast execution with low slippage |
| 🚀Leverage | Up to 1:3000 |
| 💵Minimum Deposit | 24 MYR ($5) |
| 🏦Deposit/Withdrawal Methods | Credit/Debit cards, eWallets (Skrill, Neteller, etc.), Local Bank Transfer |
| ☎️Client Support | 24/7 multilingual support |
| 💻Educational Resources | Webinars, Forex guides, Video Lessons |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Direct access to the market is provided by FBS’s ECN account, which eliminates the need for dealing desk intervention | In times of extreme volatility, there have been isolated cases of slippage |
| An extra safeguard is provided by the fact that they are governed by CySEC and IFSC | FBS does not provide a wide variety of proprietary trading tools compared to its rivals. |
| With spreads as low as 0.7 pips, we thought they were among the most competitive | Traders in Malaysia with more experience have fewer account options to choose from |
| Significant market exposure with smaller cash is possible with high leverage options up to 1:3000 | |
| FBS makes it easy to deposit and withdraw funds by working with a variety of methods, including local Malaysian banks | |
| Webinars and video classes are only two of their many instructional resources |
Our Insight
FBS is a popular broker among Malaysian traders. It offers a user-friendly platform, competitive spreads, and fast execution speeds. With a wide range of account types and educational resources, FBS caters to beginners and experienced traders.
5. IC Markets
Our research for the top NDD Forex brokers led us to IC Markets. This company provides direct market access with raw spreads starting from 0.0 pips, thanks to its ECN execution model, which guarantees no dealing desk involvement. Traders in Malaysia look for transparency and quick execution times, so this feature is perfect for them. IC Markets’ regulation by several financial authorities, such as ASIC, CySEC, and FSA, guarantees a safe and dependable trading environment.
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 offers various trading platforms, including cTrader, MetaTrader 4, and MetaTrader 5, to suit unique needs and trading techniques. The maximum leverage available to traders is 1:1000, allowing them to exploit their trading ability fully. Slippage is a significant concern for high-frequency traders and scalpers in Malaysia, but IC Markets’ lightning-fast execution speeds—averaging under 40ms—minimize this danger. As a leading NDD broker, we choose IC Markets for their commitment to a clear and effective trading platform. Competitive trading conditions and complete support are available to traders in Malaysia at IC Markets.
Unique Features
| Feature | Information |
| ✨NDD Type | ECN (Electronic Communication Network) |
| 📝Regulation | CySEC, FSA, ASIC, SCB |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🎖️Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| 💸Spreads | Raw spreads starting from 0.0 pips |
| 🚄Execution Speed | Average execution speed of under 40ms |
| 🚀Leverage | Up to 1:1000 |
| 💵Minimum Deposit | 940 MYR ($200) |
| 🏦Deposit/Withdrawal Methods | Bank Transfer, Credit/Debit cards, eWallets (Neteller, Skrill, etc.) |
| ☎️Client Support | 24/7 multilingual support |
| 💻Educational Resources | Webinars, Video tutorials, Articles, Tools |
| 🚀Sign up | Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| To provide direct access to the market, IC Markets employs an ECN execution methodology that does not involve a dealing desk | For some novice traders in Malaysia, a 940 MYR ($200) minimum deposit could be too steep |
| Several regulatory bodies that oversee them—including ASIC, CySEC, and FSA—provide strict control | Traders will possibly not be able to make deposits or withdrawals from local Malaysian banks |
| A full suite of trading tools is at traders’ fingertips with the availability of cTrader, MetaTrader 5, and MetaTrader 4 | On rare occasions, users have reported experiencing technical difficulties while using trading platforms during busy periods |
| Their raw spreads, which begin at 0.0 pips, are excellent for high-frequency and scalping trading, as we discovered | Commissions on raw spread accounts are higher than those on regular accounts |
| Options with high leverage, up to 1:1000, accommodate a wide range of trading methods for traders in Malaysia | There are fewer perks and promotions available to new traders in Malaysia at IC Market |
| The likelihood of slippage is decreased by swift execution speeds, which typically fall below 40ms | |
| For any trading-related questions, IC Markets’ customer support team is available around the clock in a number of languages |
Our Insight
IC Markets offers Malaysians competitive spreads, fast execution, and a wide range of tradable instruments, making it a popular choice for beginners and experienced traders.
Our Final Thoughts on the 5 Best NDD Forex Brokers in Malaysia
Transparency, regulation, trading conditions, and customer support were among the many aspects that led to our final decision on the top No Dealing Desk (NDD) Forex brokers for traders in Malaysia. Our extensive study has led us to conclude that fair trading conditions can only be achieved when brokers offer direct market access independent of dealing desk involvement. Several brokers have stood out in this regard. The most significant benefit of going with an NDD broker is that you will not have to worry about conflicts of interest as they will not bet against their clients. In general, this leads to quicker execution times and more transparent pricing. Many NDD brokers provide competitive spreads to keep trading expenses down, which can be especially useful for high-frequency scalpers and traders in Malaysia.
The availability of various liquidity providers further improves the trading experience by guaranteeing that traders get the best rates. Nevertheless, traders should not overlook the downsides, too. During market volatility, charges can rise due to the lack of fixed spreads in NDD trading. Moreover, NDD account commission fees can build up quickly, particularly for traders who engage in significant volume. Traders in Malaysia should consider the advantages of transparent pricing and quicker execution times concerning these costs. Our research into the best 5 NDD Forex brokers in Malaysia led us to the conclusion that foreign regulatory bodies such as ASIC, CySEC, and FCA, to name a few, are sufficient to cover NDD Forex brokers that are not regulated by Malaysian financial institutions like the Securities Commission Malaysia (SC) or Bank Negara Malaysia (BNM). International authorities see that traders are well-protected by enforcing strict security, transparency, and financial honesty standards. To top it all off, these brokers typically have separate client accounts and provide extra protections so traders in Malaysia can be confident that they will receive the same high-quality service and security that is required by local law.
The importance of customer support and instructional resources to a trader’s experience cannot be overstated. Brokers that provide traders with thorough training resources and helpful customer support can assist traders in improving their abilities and effectively navigating hurdles. Traders in Malaysia can benefit from easy deposit and withdrawal options and support in their native languages. In conclusion, while NDD brokers offer many advantages, such as transparency, competitive spreads, and fast execution, it is essential to consider the potential drawbacks, like variable spreads and commission fees. Traders in Malaysia can select the most suitable NDD broker to suit their needs by thoroughly assessing these aspects.
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Frequently Asked Questions
Traders looking for a more open and efficient trading environment might benefit from NDD brokers’ lower spreads, faster execution, and lack of requotes.
Although NDD brokers are not subject to the strict regulations of Malaysian financial authorities, they nonetheless offer an elevated level of protection and supervision.
When opposed to dealing desk brokers, traders enjoy fewer conflicts of interest, quicker order execution, tighter spreads, and direct access to the market.
NDD brokers frequently provide dependable and feature-rich trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader.
There are NDD brokers that work with Malaysian banks, and others that would need additional ways, including foreign bank transfers or electronic wallets.
