
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.
- Sandy Coetzee
10 Best Forex Brokers in Malaysia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a Social Trading Platform?
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
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.
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
Feature | Information |
📝Regulation | IIROC, ASIC, CySEC, KNF, BVI FSC, JFSA, CBI, ISA, FSCA, FFAJ, ADGM |
📃SCM | Not regulated by SCM |
📄BNM | Not regulated by BNM |
🎖️Social Trading Platform | AvaSocial |
🧑💻Educational Resources | Webinars, tutorials, and articles to improve trading skills |
💡Real-Time Performance Tracking | Yes |
🏆Wide Range of Instruments | Forex, Cryptocurrencies, Indices, Options, ETFs, Stocks, Bonds, Metals, CFDs, Commodities, Treasuries |
💵Low Minimum Deposit | 472 MYR ($100) |
🚀Leverage | Offers leverage up to 1:400 |
📲Mobile Trading | AvaTradeGO |
☎️24/5 Customer Support | 24/5 |
☪️Islamic Accounts | Yes |
🚀Sign up | Open Account |
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 use | It 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 it | Newcomers could find the fee structure bewildering due to its complexity |
A wealth of instructional materials, such as webinars and tutorials, are available on the site | One 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 traders | The authorities of Malaysia, SCM and BNM do not regulate AvaTrade |
Making informed trading decisions is made easier with real-time performance tracking | When 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
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.
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
Feature | Information |
📝Regulation | FSC, CySEC, FCA, DFSA, CMA, FSCA, FSA |
📃SCM | Not regulated by SCM |
📄BNM | Not regulated by BNM |
🎖️Social Trading Platform | HFM Copy Platform |
🧑💻Educational Resources | Webinars, tutorials, and articles to improve trading skills |
💡Real-Time Performance Tracking | Yes |
🏆Wide Range of Instruments | Forex, Commodities, Energies, Bonds, Indices, Shares, Metals, Cryptocurrencies, ETFs |
💵Low Minimum Deposit | None |
🚀Leverage | Offers leverage up to 1:2000 |
📲Mobile Trading | HFM App |
☎️24/5 Customer Support | 24/5 |
☪️Islamic Accounts | Yes |
🚀Sign up | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Copying trades made by successful traders and interacting with the community are both made easy on the HFCopy platform | Traders from Malaysia could encounter difficulties due to the lack of dedicated support |
To ensure a safe trading environment, HFM is regulated by several authorities | Less active traders could be concerned about the inactivity fines |
Traders of all skill levels can benefit from the platform’s extensive teaching materials | Not 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 lives | The 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
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.
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
Feature | Information |
📝Regulation | ASIC, FSCA, FCA, CySEC |
📃SCM | Not regulated by SCM |
📄BNM | Not regulated by BNM |
🎖️Social Trading Platform | ZuluTrade |
🧑💻Educational Resources | Extensive resources such as live Forex charts, webinars, tutorials, and articles |
💡Real-Time Performance Tracking | Yes |
🏆Wide Range of Instruments | Forex, Indices, Commodities, Cryptocurrencies, Shares |
💵Low Minimum Deposit | None |
🚀Leverage | Offers leverage up to 1:400 |
📲Mobile Trading | Trading Station Mobile Platform |
☎️24/5 Customer Support | 24/5 |
☪️Islamic Accounts | Yes |
🚀Sign up | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
A safe and reliable trading environment is guaranteed by FXCM’s stringent regulation by numerous top-tier authorities | Some 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 users | Spreads 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 articles | For 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 apps | Potentially 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
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.
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
Feature | Information |
📝Regulation | BVI FSC, CFTC, MFSA, NFA, FCA, JFSA, IIROC, MAS, ASIC, FFAJ |
📃SCM | Not regulated by SCM |
📄BNM | Not regulated by BNM |
🎖️Social Trading Platform | ZuluTrade, Myfxbook, AutoTrade |
🧑💻Educational Resources | Webinars, tutorials, and articles to improve trading skills |
💡Real-Time Performance Tracking | Yes |
🏆Wide Range of Instruments | Cryptocurrencies, Metals, Forex, Commodities, Indices, Shares |
💵Low Minimum Deposit | 5 MYR ($1) |
🚀Leverage | Offers leverage up to 1:200 |
📲Mobile Trading | OANDA fxTrade |
☎️24/5 Customer Support | 24/5 |
☪️Islamic Accounts | Yes |
🚀Sign up | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Together with our partners ZuluTrade and Myfxbook AutoTrade, we offer powerful social trading platforms | Specialized assistance for traders in Malaysia is limited |
Traders in Malaysia can trade with confidence on OANDA because of how thoroughly it is regulated | Inexperienced users could find the platform’s pricing structure confusing |
Webinars and tutorials are only a few of the many instructional opportunities | For 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 app | The 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
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.
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
Feature | Information |
📝Regulation | CySEC, IFSC, CySEC, ASIC, FSCA |
📃SCM | Not regulated by SCM |
📄BNM | Not regulated by BNM |
🎖️Social Trading Platform | FBS CopyTrade App |
🧑💻Educational Resources | Webinars, tutorials, and articles to improve trading skills |
💡Real-Time Performance Tracking | Yes |
🏆Wide Range of Instruments | Indices, Metals, Forex, Energies, Stocks, Cryptocurrencies |
💵Low Minimum Deposit | 5 MYR ($1) |
🚀Leverage | Offers leverage up to 1:3000 |
📲Mobile Trading | FBS Trader App |
☎️24/5 Customer Support | 24/7 |
☪️Islamic Accounts | Yes |
🚀Sign up | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
The FBS CopyTrade app makes it easy to copy trades and connect with other traders | The lack of local assistance for traders in Malaysia can impact the user experience |
The regulated nature of FBS guarantees a safe trading environment | New traders could find the fee structure to be complicated and perplexing |
Offers a wide variety of instructional materials, such as webinars and tutorials | Dormant accounts are subject to inactivity fees |
Traders in Malaysia can trade from the comfort of your mobile device with the FBS Trader app | SCM and BNM do not control FBS |
Better decisions could be made with the support of real-time performance tracking | Additional 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
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.