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5 Best Social Trading Platforms in Malaysia

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After much investigation, we have identified five top social trading platforms for traders in Malaysia. When selecting the best possibilities for you, we considered legislation, platform usability, and educational materials.

This comprehensive guide will teach you the following:

  • What is a Social Trading Platform?

  • The 5 Best Social Trading Platforms in Malaysia

  • Our Final Thoughts on The 5 Best Social Trading Platforms in Malaysia

  • Frequently Asked Questions About The 5 Best Social Trading Platforms in Malaysia

Read on to discover more about Malaysia’s best social trading forex brokers.

Updated : January 26, 2025

10 Best Forex Brokers in Malaysia

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

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

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

Read Review

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

$10

#5

Read Review

FSCA, FSC, ASIC, CySEC, DFSA

$5

#6

Read Review

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

$0

#7

Read Review

FSA, CySEC, FSCA, FSC

$10

#8

ASIC, CySEC, FSCA, FSA

$100

#9

CySEC, FCA, FSA, FSCA

$100

#10

FCA, CMA, FSC

$200

#1

$100

Minimum Deposit

#2

$0

Minimum Deposit

#3

$25

Minimum Deposit

#4

$10

Minimum Deposit

#5

$5

Minimum Deposit

#6

$0

Minimum Deposit

#7

$10

Minimum Deposit

#8

$100

Minimum Deposit

#9

$100

Minimum Deposit

#10

$200

Minimum Deposit

What is a Social Trading Platform?

social.

 

With the rise of social trading platforms, Malaysian Forex traders have found a new way to connect with the market. Traders, particularly newcomers, might learn from the mistakes of more seasoned traders by watching their trades on these platforms and trying to imitate their strategies. Newcomers find trading more accessible and less intimidating due to the collective exchange of strategy and information.

 

There are several reasons why social trading platforms are popular in Malaysia. Even while financial literacy is growing in the area, many prospective traders in Malaysia might not have the necessary training or expertise. These possibilities for real-time, hands-on learning are especially beneficial in this context. Individuals can gain valuable insight into market strategies, risk management, and decision-making procedures by observing the actions of successful traders.

 

To sum up, social trading platforms in Malaysia provide traders with a unique opportunity to improve their trading abilities and financial outcomes through a combination of community interaction and technical innovation. These platforms make Forex trading more accessible and informative by tapping into the knowledge of other traders.

5 Best Social Trading Platforms in Malaysia

To ensure you have access to the most dependable and user-friendly choices, we have done extensive research to find the top five social trading platform Forex brokers in Malaysia.

  1. ☑️AvaTrade – Best Regulated Forex Broker
  2. ☑️HFM – Best forex and commodities broker
  3. ☑️FXCM – strong regulatory standing, advanced trading platforms, and educational resources.
  4. ☑️Oanda – Fast and accurate order execution
  5. ☑️FBS – Is a legit and trusted broker

1. AvaTrade

AvaTrade review (1)

 

We opted for AvaTrade because of its user-friendly and all-encompassing social trading platform, AvaSocial. This platform is designed to make trading more accessible and more informative for people of all expertise levels in Malaysia.

 

Using AvaSocial, novices can learn from the trades of more experienced traders while having a shot at making a profit themselves. Users can decide who to follow using detailed trader profiles that include risk levels, performance metrics, etc. People who want to learn more about trading can use AvaTrade’s many instructional tools, like seminars and tutorials.

 

Overall Rating

Min Deposit

USD 100

Regulators

CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, and IIROC

Trading Platform

MT4, MT5, Ava Social, AvaTradeGO, AvaOptions, DupliTrade, Zulutrade

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The AvaTradeGO mobile app allows traders in Malaysia to manage trades and see their success in real time. This app will enable traders to trade effortlessly while on the go. Trading on this platform is risk-free and easy because of its intuitive design and robust security features. Another reason AvaTrade is an excellent option for social trading is its variety of trading instruments. These include commodities, indices, cryptocurrency, and foreign exchange (FX). The robust regulatory environment and dedication to user education make AvaTrade the go-to platform for social trading in Malaysia.

 

Unique Features 

FeatureInformation
📝RegulationIIROC, ASIC, CySEC, KNF, BVI FSC, JFSA, CBI, ISA, FSCA, FFAJ, ADGM
📃SCMNot regulated by SCM
📄BNMNot regulated by BNM
🎖️Social Trading PlatformAvaSocial
🧑‍💻Educational ResourcesWebinars, tutorials, and articles to improve trading skills
💡Real-Time Performance TrackingYes
🏆Wide Range of InstrumentsForex, Cryptocurrencies, Indices, Options, ETFs, Stocks, Bonds, Metals, CFDs, Commodities, Treasuries
💵Low Minimum Deposit472 MYR ($100)
🚀LeverageOffers leverage up to 1:400
📲Mobile TradingAvaTradeGO
☎️24/5 Customer Support24/5
☪️Islamic AccountsYes
🚀Sign upOpen Account

 

AvaTrade review

 

Pros and Cons 

✅ Pros❌ Cons
When it comes to duplicating trades and interacting with the community, AvaSocial is perfect because of how intuitive and easy it is to useIt can be a problem that there isn’t enough local support for traders in Malaysia
AvaTrade guarantees safety and reliability because multiple top-tier agencies regulate itNewcomers could find the fee structure bewildering due to its complexity
A wealth of instructional materials, such as webinars and tutorials, are available on the siteOne potential drawback is that dormant accounts are subject to inactivity fines
Trading on the go has never been easier than with the AvaTradeGO mobile app, which is great news for Malaysian tradersThe authorities of Malaysia, SCM and BNM do not regulate AvaTrade
Making informed trading decisions is made easier with real-time performance trackingWhen contrasted with rival platforms, this one provides fewer options for community engagement
Foreign exchange, indexes, commodities, equities, and digital currencies are just some of the many trading tools at your disposal

 

Our Insight

In our opinion, AvaTrade is a trusted, multi-regulated broker. They offer a vast selection of assets, from forex and stocks to cryptocurrencies, accessible through user-friendly platforms like MT4 and their innovative AvaTradeGO app. We recommend AvaTrade for its diverse offerings, intuitive mobile app, and commitment to trader education.

 

2. HFM

HFM review

 

There is no better social trading platform than HFM’s HFCopy for any trader in Malaysia. If you want to study the market and maybe even make some money, HFCopy is a practical way to copy the moves of successful traders. Traders in Malaysia can choose traders based on their trading style and performance because the platform’s scoreboard displays top traders.

 

Traders are encouraged to communicate with each other and share trading strategies and insights through the community’s chat and forum features, creating an atmosphere of cooperative trading. Thanks to the HFM mobile app, which enables real-time performance tracking and trade execution, we uncovered social trading, which users can partake in regardless of location. Malaysian traders who want to improve their skills can find many resources, like seminars and tutorials, on HFM’s website.

 

Overall Rating

Min Deposit

USD 

Regulators

FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA

Trading Platform

MT4, MT5, HFM Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Due to the low minimum deposit requirement, social trading will be accessible to a much wider audience of traders. Rules compliance and the platform’s rigorous security procedures guarantee a reliable trading environment. With the wide variety of available commodities, indices, cryptocurrencies, and FX trading instruments, traders have ample room to spread their bets. The commitment to user education and community participation makes HFM stand out as Malaysia’s top social trading platform. The platform has everything a trader might require, regardless of their experience level.

 

Unique Features 

FeatureInformation
📝RegulationFSC, CySEC, FCA, DFSA, CMA, FSCA, FSA
📃SCMNot regulated by SCM
📄BNMNot regulated by BNM
🎖️Social Trading PlatformHFM Copy Platform
🧑‍💻Educational ResourcesWebinars, tutorials, and articles to improve trading skills
💡Real-Time Performance TrackingYes
🏆Wide Range of InstrumentsForex, Commodities, Energies, Bonds, Indices, Shares, Metals, Cryptocurrencies, ETFs
💵Low Minimum DepositNone
🚀LeverageOffers leverage up to 1:2000
📲Mobile TradingHFM App
☎️24/5 Customer Support24/5
☪️Islamic AccountsYes
🚀Sign upOpen Account

 

Best Nasdaq 100 Forex Broker - HFM

 

Pros and Cons 

✅ Pros❌ Cons
Copying trades made by successful traders and interacting with the community are both made easy on the HFCopy platformTraders from Malaysia could encounter difficulties due to the lack of dedicated support
To ensure a safe trading environment, HFM is regulated by several authoritiesLess active traders could be concerned about the inactivity fines
Traders of all skill levels can benefit from the platform’s extensive teaching materialsNot overseen by the SCM and BNM in Malaysia
Trading on the go is made easy with the HFM mobile app, which is perfect for traders in Malaysia who lead busy livesThe platform might use some enhancements to make it more user-friendly for communities
Better decisions can be made with the help of real-time performance tracking
Cryptocurrencies, commodities, indices, and foreign exchange are just some of the many instruments on offer
Accessible to a wide range of people because of the low minimum deposit

 

Our Insight

HFM’s mobile app generates buzz because of its user-friendly design. It makes forex trading accessible on the go, and its diverse asset selection caters to various trading styles.

 

3. FXCM

FXCM review

 

Forex Capital Markets, more often known as FXCM, is a seasoned broker that has been helping traders since 1999. Thanks to its sophisticated trading platforms and extensive training materials, traders in Malaysia looking for a dependable and feature-rich trading experience have FXCM to choose from. Forex, commodities, indices, and cryptocurrencies are just a few of the trading instruments offered by this broker. They aim to accommodate both experienced and inexperienced traders in Malaysia. To help traders become more involved in the markets, FXCM has partnered with third-party providers like ZuluTrade to provide a social trading platform where users can follow and copy the moves of successful traders.

 

Overall Rating

Min Deposit

USD 50

Regulators

FCA, ASIC, FSCA, CySEC

Trading Platform

MT4

Crypto

Yes

Total Pairs

42

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

We found that FXCM provides traders in Malaysia with a safe trading environment as it is regulated by many top-tier institutions, including the UK’s Financial Conduct Authority (FCA). Various account types are available to meet the demands of different traders in Malaysia, and the broker has competitive spreads and leverage. FXCM’s mission is to offer a first-rate trading experience by concentrating on openness and support for its clients.

 

Unique Features 

FeatureInformation
📝RegulationASIC, FSCA, FCA, CySEC
📃SCMNot regulated by SCM
📄BNMNot regulated by BNM
🎖️Social Trading PlatformZuluTrade
🧑‍💻Educational ResourcesExtensive resources such as live Forex charts, webinars, tutorials, and articles
💡Real-Time Performance TrackingYes
🏆Wide Range of InstrumentsForex, Indices, Commodities, Cryptocurrencies, Shares
💵Low Minimum DepositNone
🚀LeverageOffers leverage up to 1:400
📲Mobile TradingTrading Station Mobile Platform
☎️24/5 Customer Support24/5
☪️Islamic AccountsYes
🚀Sign up Open Account

 

FXCM Trading

 

Pros and Cons 

✅ Pros❌ Cons
A safe and reliable trading environment is guaranteed by FXCM’s stringent regulation by numerous top-tier authoritiesSome traders in Malaysia could be concerned that FXCM lacks local regulatory certainty since Malaysian regulators SCM and BNM do not regulate it
With the help of ZuluTrade, traders in Malaysia can access advanced social trading features, such as the ability to follow and copy the trades of successful usersSpreads and commissions are part of the pricing structure, which can be complicated and different for several types of accounts and trading platforms
Malaysian traders of all skill levels can benefit from FXCM’s extensive library of educational materials, which includes webinars, tutorials, and articlesFor Malaysian traders who don’t trade very often, the inactivity fees could be a dealbreaker
The broker offers a range of trading platforms to suit different trading preferences, including Trading Station, MetaTrader 4 (MT4), and mobile appsPotentially negatively affecting the user experience as a whole is the lack of local support that is designed specifically for traders in Malaysia
Both novice and seasoned traders in Malaysia will find it appealing because of the competitive spreads and leverage options that are accessible
A safe and easy trading experience is guaranteed by the user-friendly interface and strong security measures

 

Our Insight

FXCM offers Malaysian traders access to global markets, competitive pricing, advanced trading tools, and robust security. Benefit from educational resources and reliable customer support.

 

4. OANDA

Oanda review

 

The social trading alternatives available to traders in Malaysia are extensive because OANDA is connected to platforms such as ZuluTrade and Myfxbook AutoTrade. Traders in Malaysia can track the trades of seasoned traders and copy their trades using comprehensive performance indicators and risk profiles. Traders can manage trades and track performance from any location with the help of the OANDA fxTrade mobile app, which offers social trading. Connectivity to other platforms also makes it easier for traders in Malaysia to connect and share strategies and ideas.

 

Overall Rating

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’s vast educational tools, such as webinars and tutorials, help traders improve their abilities and expertise. Despite not being regulated by local authorities, the platform offers a secure trading environment through its solid regulatory framework. This adds an extra layer of confidence. OANDA offers diverse trading products, encompassing cryptocurrencies, commodities, indices, bonds, and currency. OANDA is an excellent option for social trading in Malaysia because it is dedicated to providing solid social trading features, a wealth of educational materials, and a safe trading environment. Because of all it offers, the platform is a solid choice for traders who want to use social trading strategies.

 

Unique Features 

FeatureInformation
📝RegulationBVI FSC, CFTC, MFSA, NFA, FCA, JFSA, IIROC, MAS, ASIC, FFAJ
📃SCMNot regulated by SCM
📄BNMNot regulated by BNM
🎖️Social Trading PlatformZuluTrade, Myfxbook, AutoTrade
🧑‍💻Educational ResourcesWebinars, tutorials, and articles to improve trading skills
💡Real-Time Performance TrackingYes
🏆Wide Range of InstrumentsCryptocurrencies, Metals, Forex, Commodities, Indices, Shares
💵Low Minimum Deposit5 MYR ($1)
🚀LeverageOffers leverage up to 1:200
📲Mobile TradingOANDA fxTrade
☎️24/5 Customer Support24/5
☪️Islamic AccountsYes
🚀Sign up Open Account

 

Oanda Pros and Cons

 

Pros and Cons 

✅ Pros❌ Cons
Together with our partners ZuluTrade and Myfxbook AutoTrade, we offer powerful social trading platformsSpecialized assistance for traders in Malaysia is limited
Traders in Malaysia can trade with confidence on OANDA because of how thoroughly it is regulatedInexperienced users could find the platform’s pricing structure confusing
Webinars and tutorials are only a few of the many instructional opportunitiesFor traders who don’t trade very often, the inactivity penalties might be a real bummer
When you’re on the go, trade efficiently using the OANDA FxTrade appThe authorities in Malaysia, SCM and BNM, do not regulate OANDA
Trading decisions are improved with the help of real-time performance tracking
You can trade in a broad range of instruments, including cryptocurrencies, commodities, bonds, and indexes

 

Our Insight

OANDA offers Malaysians commission-free trading on Standard, Swap-free, and Premium accounts, providing potential cost savings and access to a wide range of tradable instruments.

 

5. FBS

FBS review

 

With FBS CopyTrade, a user-friendly social trading platform of FBS, we chose it to be in the top 5 for traders in Malaysia. Trade moves made by successful traders can easily be copied. Users can peruse the platform’s comprehensive trader profiles, including trading histories and performance indicators. Traders in Malaysia can easily copy trades with FBS CopyTrade because it offers automated trading. Traders could easily manage their trades and track results from anywhere using the FBS Trader mobile app.

 

Overall Rating

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

 

Traders in Malaysia can hone their craft with the support of FBS’s many instructional materials, such as webinars and tutorials. A safe and easy trading experience is guaranteed by the platform’s user-friendly design and strong security features. Due to FBS’s extremely cheap minimum deposit, social trading is made available to many traders. Forex, commodities, indices, and cryptocurrency are just a few of the many trading instruments accessible to traders in Malaysia.

 

Unique Features 

FeatureInformation
📝RegulationCySEC, IFSC, CySEC, ASIC, FSCA
📃SCMNot regulated by SCM
📄BNMNot regulated by BNM
🎖️Social Trading PlatformFBS CopyTrade App
🧑‍💻Educational ResourcesWebinars, tutorials, and articles to improve trading skills
💡Real-Time Performance TrackingYes
🏆Wide Range of InstrumentsIndices, Metals, Forex, Energies, Stocks, Cryptocurrencies
💵Low Minimum Deposit5 MYR ($1)
🚀LeverageOffers leverage up to 1:3000
📲Mobile TradingFBS Trader App
☎️24/5 Customer Support24/7
☪️Islamic AccountsYes
🚀Sign upOpen Account

 

Pros and Cons of Trading with FBS

 

Pros and Cons 

✅ Pros❌ Cons
The FBS CopyTrade app makes it easy to copy trades and connect with other tradersThe lack of local assistance for traders in Malaysia can impact the user experience
The regulated nature of FBS guarantees a safe trading environmentNew traders could find the fee structure to be complicated and perplexing
Offers a wide variety of instructional materials, such as webinars and tutorialsDormant accounts are subject to inactivity fees
Traders in Malaysia can trade from the comfort of your mobile device with the FBS Trader appSCM and BNM do not control FBS
Better decisions could be made with the support of real-time performance trackingAdditional interactive features for community interaction could greatly enhance the platform
Provides access to a plethora of trading products, such as cryptocurrency, commodities, indices, and foreign exchange

 

Our Insight

FBS offers Malaysian traders a seamless trading experience with tight spreads, fast execution, and a wide range of assets. They also benefit from educational resources, generous bonuses, and reliable customer support.

 

Our Final Thoughts on the 5 Best Social Trading Platforms in Malaysia

Social Trading

 

In conclusion, the top social trading platforms for traders in Malaysia provide a rare opportunity to learn the ropes while also getting their hands dirty. From beginners to seasoned pros, any trader can greatly benefit from observing and copying successful traders’ moves. The platforms we looked at are great for traders of all skill levels because they offer various trading instruments, a wealth of educational materials, and powerful features.

 

The pros include that social trading platforms bring traders together and make sophisticated trading strategies more accessible to the general public. With features like thorough trader profiles, performance tracking, and mobile app support, traders can make educated selections and easily manage their trades. In a constantly changing market like Forex, accessible instructional materials are crucial for ongoing learning and development.

 

However, traders in Malaysia should also consider the downsides. Traders seeking local regulatory assurance could be concerned that not all platforms are licensed by Malaysian authorities. While social trading does help with learning the ropes, traders might lose money by copying other people’s bad techniques. Complex cost structures are another issue with these platforms; inactivity fees, for example, could put off less active traders.

 

Although social trading platforms offer great opportunities for traders in Malaysia, it is essential to weigh the pros and downsides carefully and do extensive research before using them. All the platforms we looked at have great tools and features, but it’s up to the trader to pick the one that works best for them.

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Frequently Asked Questions

Social trading is useful for traders in Malaysia because it gives them a chance to learn from the experiences of more seasoned traders, who can teach them how to trade more effectively and help them achieve better results overall.

To make an informed decision, look for social trading platforms that meet regulatory requirements, are easy to use, offer a variety of trading instruments, include educational materials, and allow community involvement.

Unlike SCM and BNM, based in Malaysia, international authorities regulate numerous social trading sites. Before you commit to a platform, make sure you check its regulatory status.

The main hazards are copying, losing traders’ trades, dealing with unpredictable markets, and losing money if copied strategies don’t work.

Yes, most social trading platforms provide mobile apps that let you check in on your trades and see how they’re doing in real-time, no matter where you are.

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