5 Best STP Forex Brokers in Malaysia
We have identified the top 5 STP forex brokers for traders in Malaysia. Our criteria for this ranking include a focus on brokers who provide traders in Malaysia with first-rate trading environments.
This all-inclusive guide will teach you:
What is an STP Forex Broker?
The 5 Best STP Forex Brokers in Malaysia
How to Choose an STP Forex Broker?
Frequently Asked Questions About the Best STP Forex Brokers in Malaysia
5 Best Forex Brokers in Malaysia
Rank | Broker | Review | Regulators | Min Deposit | Official Site |
🥇 |  | Read Review | ASIC, CySEC, IFSC, DFSA, FCA | $5 | Visit Broker |
🥈 |  | Read Review | FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine | $0 | Visit Broker |
🥉 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit Broker |
#4 |  | Read Review | CySEC, MISA, FSCA, FSC | $20 | Visit Broker |
#5 |  | Read Review | FSC, ASIC, CySEC | $5 | Visit Broker |
- Carlee Tipsaen
In this in-depth guide, you’ll discover everything you need to know to confidently choose an STP Forex broker in Malaysia in 2025.
This carefully selected list of the best STP brokers highlights essential features such as transparent execution, reliable platforms, and MYR-friendly deposit options. These brokers offer fast, fair, and efficient trading environments—ideal for Malaysian traders looking for a seamless and trustworthy Forex experience.
5 Best STP Forex Brokers in Malaysia – A Comparison
| 🥇 Broker | 💰 Min. Deposit | 👉 Open Account | 💸 Malaysian Ringgit (MYR) |
| 🎖️ Pepperstone | $200 (MYR950) | 👉Open Account | Yes |
| 🏅 IC Markets | $100 (MYR470) | 👉Open Account | Yes |
| 🥇 FP Markets | $100 (MYR470) | 👉Open Account | Yes |
| 🥈 Tickmill | $50 (MYR235) | 👉Open Account | Yes |
| 🥉 XM | $5 (MYR25) | 👉Open Account | Yes |
What is an STP Forex Broker?
An STP Forex broker, or Straight Through Processing, are brokers that execute trades without a dealing desk and directly send traders’ orders to banks or larger financial institutions. Because the broker is not taking the opposite side of the trade, they have no conflict of interest with the trader.
From the broker’s perspective, their processing is more straight-through (faster execution speed, narrower spreads), while the STP business model allows for fair execution through price aggregating—not rates that have been manipulated. STP forex brokers earn revenue from the forex market by applying small increases on spreads or charging commissions only. Thus, they appeal to traders looking for fairness, speed, and prices based on the forex market.
5 Best STP Forex Brokers in Malaysia
- Pepperstone – Best Overall STP Forex Broker in Malaysia
- IC Markets – Top STP Broker for Scalping & Expert Advisors
- FP Markets – STP Broker with Raw Pricing & MYR Deposit Options
- Tickmill – Best STP Forex Broker for Low-Cost Trading
- XM – Most Localized STP Broker for Malaysian Traders
1. Pepperstone
 | Minimum Deposit: $0 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Leverage: Up to 1:500 |
Overview
Pepperstone is recognised as one of the best STP Forex brokers in the world and continues to be a popular choice among Malaysian traders. The broker’s execution model is true STP, but with ECN-like pricing. The combination results in quick trade execution with no dealing desk, leading to little slippage and tight spreads, ideal for scalpers and algorithmic traders.
In addition to incredibly fast execution, traders from Malaysia can also deposit by local bank transfer in MYR, receive dedicated regional support, and access a range of Islamic accounts. Even Pepperstone’s Razor account has raw spreads starting at 0.0 pips and some of the fastest execution speeds on the market. With regulation from ASIC, FCA, and CySEC Pepperstone is able to offer the product of institutional quality, while retail traders can also access the platform.
Unique Features
| Feature | Information |
| ✨Execution Model | STP + ECN Hybrid |
| 📝Regulation | ASIC, FCA, CySEC |
| 📃SCM Regulated | Not Regulated |
| 📋BNM Regulated | Not Regulated |
| 📈 Trading Accounts | Razor, Standard |
| 📉 Trading Platform | MT4, MT5, cTrader |
| 💴 Minimum Deposit in MYR | RM950 |
| 💵 MYR-based Account | No |
| 💶 MYR Deposits Allowed | Yes (via local bank transfer) |
| 🎁 Bonuses for Malaysian traders | None |
| 💹 Minimum spread | 0.0 pips (Razor) |
| ☎️Customer Support | 24/5 Live Chat & Email |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🚀Sign up | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| True STP + ECN hybrid execution with no dealing desk interference | No proprietary trading platform (MT4, MT5, and cTrader only) |
| Ultra-low spreads starting from 0.0 pips (Razor account) | No MYR-based trading account (funding in MYR but trading in major currencies) |
| Supports MYR deposits via local bank transfers | Limited bonus offers for Malaysian traders |
| Regulated by top-tier authorities (ASIC, FCA, CySEC) | $200 minimum deposit for Razor account may be high for beginners |
Frequently Asked Questions
Is Pepperstone a true STP broker?
Yes, Pepperstone operates as a true STP Forex broker, routing client orders directly to its liquidity providers without any dealing desk intervention. This model ensures that trades are executed with maximum transparency and minimal conflict of interest. By combining STP execution with ECN-style pricing through its Razor account, Pepperstone delivers institutional-grade conditions to retail traders in Malaysia.
Can Malaysian traders deposit in MYR with Pepperstone?
Absolutely. Pepperstone supports MYR deposits via local bank transfer options, making it convenient for Malaysian traders to fund their accounts without costly currency conversion fees. Combined with its STP infrastructure and fast execution, Pepperstone is a top-tier choice for those seeking reliable, local-friendly Forex trading.
2. IC Markets
 | Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Overview
IC Markets is a prominent STP Forex broker that provides a no-dealing-desk (NDD) broker with raw pricing and ultra-fast execution. It’s perfect for scalpers, day traders, and algorithmic trading setups and connects orders straight with tier-one liquidity providers with no price manipulation.
IC Markets MetaTrader and cTrader platforms a designed to deliver speed and transparency when placing trades, and also offer customers some of the lowest latency in the industry. Malaysian clients can easily fund their accounts in MYR using numerous localized payment methods. IC Markets is regulated by ASIC, CySEC, and FSA, providing a high level of security commitment, and transparency. With raw spreads from 0.0 pips, commission accounts, and other powerful features, IC Markets provides a premium STP trading environment for serious traders.
Unique Features
| Feature | Information |
| ✨Execution Model | STP + ECN |
| 📝Regulation | ASIC, CySEC, FSA |
| 📃SCM Regulated | Not Regulated |
| 📋BNM Regulated | Not Regulated |
| 📈 Trading Accounts | Raw Spread, Standard |
| 📉 Trading Platform | MT4, MT5, cTrader |
| 💴 Minimum Deposit in MYR | RM470 |
| 💵 MYR-based Account | No |
| 💶 MYR Deposits Allowed | Yes (via local options) |
| 🎁 Bonuses for Malaysian traders | None |
| 💹 Minimum spread | 0.0 pips |
| ☎️Customer Support | 24/7 |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🚀Sign up | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| True STP and ECN model ideal for scalpers and algorithmic traders | No MYR-based trading account (account balances in USD, EUR, etc.) |
| Deep liquidity and ultra-fast execution (low latency) | Limited educational content for beginner traders |
| Supports MYR deposits through local payment channels | No bonus or promotions for Malaysian users |
| Low trading costs with spreads from 0.0 pips | Customer service can be slower during peak hours |
Frequently Asked Questions
How does IC Markets’ STP execution benefit traders in Malaysia?
IC Markets uses a pure STP and ECN hybrid model, allowing Malaysian traders to benefit from deep liquidity, tight spreads, and zero dealing desk interference. This setup is especially beneficial for scalpers and algorithmic traders who rely on precision and fast execution speeds to optimize their strategies.
Does IC Markets support MYR deposits for Malaysian clients?
Yes, IC Markets offers MYR deposit options through local payment providers, reducing both fees and transfer times for Malaysian traders. This local support, combined with a strong STP environment, makes IC Markets a top choice for traders in Southeast Asia.
3. FP Markets
 | Minimum Deposit: $100 AUD Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Leverage: Up to 1:500 |
Overview
FP Markets provides a genuine STP trading experience offering direct market access with no requotes or dealing desk intervention. FP Markets is well-known to offer low spreads, rapid order execution, and a reliable customer support experience, meaning it is a good option for a Malaysian trader to take advantage of low-cost trading conditions.
FP Markets offers both MT4 and MT5 platforms, has local Malaysian payment options, supports MYR deposits and withdrawals. FP Markets combines regulation by ASIC and CySEC along with features that are good for traders, e.g., Islamic accounts, demo accounts, and different account types. The Raw Account offers ECN style pricing via an STP model, available for a minimum deposit amount of $100.
Unique Features
| Feature | Information |
| ✨Execution Model | True STP |
| 📝Regulation | ASIC, CySEC |
| 📃SCM Regulated | Not Regulated |
| 📋BNM Regulated | Not Regulated |
| 📈 Trading Accounts | Standard, Raw |
| 📉 Trading Platform | MT4, MT5, Iress |
| 💴 Minimum Deposit in MYR | RM470 |
| 💵 MYR-based Account | No |
| 💶 MYR Deposits Allowed | Yes |
| 🎁 Bonuses for Malaysian traders | None |
| 💹 Minimum spread | 0.0 pips |
| ☎️Customer Support | 24/5 |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🚀Sign up | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| True STP execution model with direct market access | Limited account currency options (no MYR-denominated accounts) |
| Offers both MT4 and MT5 platforms with fast execution | Website and dashboard design are outdated compared to competitors |
| Supports MYR deposits via local banks and e-wallets | Inactivity fees apply after 6 months of no trading |
| Low minimum deposit starting from USD 100 (~RM470) | Fewer promotional offers or bonuses for Malaysian clients |
Our Insight
Is FP Markets a true STP Forex broker?
Yes, FP Markets is a true STP broker offering direct access to liquidity providers without any dealer intervention. This ensures real-time pricing and transparent order execution. Malaysian traders can enjoy raw spreads and fast execution on both MT4 and MT5 platforms with FP Markets’ STP account options.
What deposit methods are available for Malaysian traders at FP Markets?
Malaysian clients can deposit in MYR using local bank transfers, credit/debit cards, and popular e-wallets. FP Markets’ localized payment support adds convenience to its STP model, allowing traders in Malaysia to focus more on strategy and less on transaction friction.
4. Tickmill
 | Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Leverage: Up to 1:1000 |
Overview
Tickmill is a solid STP Forex broker that provides tight spreads and low commissions, and it is particularly suited for scalpers and high frequency traders. It uses a true no-dealing-desk model, routing orders straight to the liquidity providers with no broker intervention, providing efficient and fair prices.
Tickmill is regulated by top-tier regulatory bodies ( FCA, CySEC, and LFSA in Malaysia) and local traders can take comfort that it meets regulations making it an excellent choice for local traders who want a regulated broker that is relevant to them. Tickmill offers Islamic accounts, support for local bank transfers, and an easy to navigate MT4 platform. Tickmill’s Pro Account has spreads from 0.0 pips and a low commission of only $2 per side – ideal for traders who watch their costs closely.
Unique Features
| Feature | Information |
| ✨Execution Model | STP with No Dealing Desk |
| 📝Regulation | FCA, CySEC, LFSA (Malaysia) |
| 📃SCM Regulated | Yes (via LFSA in Labuan) |
| 📋BNM Regulated | Not Regulated |
| 📈 Trading Accounts | Pro, Classic, VIP |
| 📉 Trading Platform | MT4 |
| 💴 Minimum Deposit in MYR | RM200 (USD 50) |
| 💵 MYR-based Account | No |
| 💶 MYR Deposits Allowed | Yes |
| 🎁 Bonuses for Malaysian traders | Yes (intermittent promotions) |
| 💹 Minimum spread | 0.0 pips (Pro account) |
| ☎️Customer Support | 24/5 |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🚀Sign up | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| True STP with No Dealing Desk (NDD) execution | Limited trading platforms (MT4 only, no MT5 or cTrader) |
| Extremely low commissions ($2 per side) and spreads from 0.0 pips | No MYR-based account options |
| Regulated by Malaysia-friendly LFSA, plus FCA and CySEC | Few trading tools or social trading features |
| Supports local bank deposits and Islamic account options | Customer support isn’t 24/7, only during trading days |
Frequently Asked Questions
Is Tickmill a good STP broker for scalping strategies?
Yes, Tickmill is a top-tier STP Forex broker well-suited for scalpers. With its No Dealing Desk (NDD) model, client orders are executed directly through liquidity providers without price manipulation. Its low commission fees and raw spreads are particularly attractive for traders using short-term strategies in Malaysia.
Does Tickmill offer local support or funding options in Malaysia?
Tickmill is regulated by the Labuan Financial Services Authority (LFSA), making it one of the few international STP brokers with a regulatory footprint in Malaysia. The broker supports MYR deposits through local channels, ensuring seamless account funding for Malaysian traders.
5. XM
| Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Leverage: Up to 1:1000 |
Overview
XM is a widely used STP Forex broker in Malaysia with a strong local presence, a dedicated support team, and full support for MYR-based accounts, therefore it fits the needs of Malaysian traders. XM operates an STP execution model with no requotes and no rejection of any orders, so beginner and seasoned traders can trade fearlessly with a broker that will not fail them regardless of market conditions.
The brokers local deposit options, Islamic accounts, and offerings of many different promotional bonuses targeted for the region offer an added benefit to Malaysian traders. XM is also regulated by ASIC, CySEC and the IFSC which means it can provide traders with peace of mind when trading with accessible trading features. XM supports both MT4 and MT5 trading platform with spreads from 0.6 pips with 2 account options being Standard and Ultra Low Only.
Unique Features
| Feature | Information |
| ✨Execution Model | STP (No Dealing Desk) |
| 📝Regulation | ASIC, CySEC, IFSC |
| 📃SCM Regulated | Not Regulated |
| 📋BNM Regulated | Not Regulated |
| 📈 Trading Accounts | Micro, Standard, Ultra Low |
| 📉 Trading Platform | MT4, MT5 |
| 💴 Minimum Deposit in MYR | RM20 (USD 5) |
| 💵 MYR-based Account | Yes |
| 💶 MYR Deposits Allowed | Yes |
| 🎁 Bonuses for Malaysian traders | Yes (frequent local promos) |
| 💹 Minimum spread | 0.6 pips |
| ☎️Customer Support | 24/5 with local team |
| 🆓 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| 🚀Sign up | 👉Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| STP model with no requotes or order rejections | Higher spreads compared to raw-spread brokers (starts from 0.6 pips) |
| Full support for MYR-based accounts and MYR deposits | Limited advanced tools for professional traders |
| Localized promotions, bonuses, and contests for Malaysian traders | Not ideal for scalping or EAs due to slightly slower execution |
| Islamic (swap-free) accounts readily available | Bonus restrictions may apply to withdrawals |
Frequently Asked Questions
Does XM offer STP execution for all account types?
Yes, XM uses an STP execution model across its account types, ensuring no requotes or order rejections. Trades are processed in real-time and passed through to liquidity providers, making XM a reliable and transparent choice for traders in Malaysia who want consistent execution quality.
What makes XM a strong STP broker for Malaysian clients?
XM stands out due to its strong local presence in Malaysia. It offers full support for MYR-based accounts, localized promotions, and Islamic trading accounts. Combined with its STP infrastructure, XM provides a highly accessible and region-friendly trading environment for both new and experienced Forex traders.
How to Choose an STP Broker in Malaysia
When selecting an STP Forex broker, traders in Malaysia should not focus only on the low spread and advertisements. An STP broker will provide transparency, reliability and trading conditions appropriate for your trading objectives. Here is what all traders in Malaysia should consider:
1. Regulations and Licenses
The first thing to check is whether the STP broker is regulated by a trusted authority. Examples of trusted regulators include ASIC (Australia), CySEC (Cyprus), and FCA (UK). Although SC Malaysia or BNM (Bank Negara Malaysia) regulation is not common for offshore brokers, brokers regulated by global tier-1 regulators have the protection of client funds and the brokers operate according to strict standards of operations.
2. Account Features
A trustworthy STP forex broker should provide a range of accounts to accommodate different trading styles. No matter if you are a beginner or scalper, it is important to compare features like minimum deposit amounts, spreads, Islamic (swap-free) accounts if Islamic trading is required, as well as whether or not commissions and fees are clearly defined. A broker that promotes transparency regarding commission and execution is the essence of an STP because commissions and execution can be what separates a good trading experience from a poor one.
3. Account Payment Options
Local payment support is a major advantage for Malaysia-based traders as the best STP forex brokers allow MYR deposits, local bank transfer options, and sometimes even MYR-denominated accounts. These features make trading that much easier by reducing conversion costs and making deposits and withdrawals quicker and cleaner.
4. Range of Markets
Best STP forex brokers offer access to a huge range of instruments beyond just major currency pairs, search for brokers providing Forex, commodities, indices, crypto, and shares. A range of products available offers diversification of your portfolio and gives you more opportunities for trading opportunities.
5. Customer Support
Customer support needs to be responsive and localized. Choose a STP forex broker with 24/5 or 24/7 support, preferably via live chat and in a language you can comprehend, Malay or English is best. It is surprising how effective support can help rectify issues like payment delays or platform errors.
6. Trading Platforms
An effective STP forex broker typically has trading platforms with robust features like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms have advanced charting capabilities, automation features, and good reliability. Some brokers also offer proprietary platforms that are mobile compatible, which is excellent for traders away from a computer.
7. Education and Research
For beginner traders, a comprehensive educational package can help fast track your learning. Check if an STP forex broker has free webinars, educational videos, eBooks and market analysis tools. A broker that invests in the educational aspect for clients typically demonstrates a long-term, client first mindset.
Advantages and Disadvantages of STP Brokers in Malaysia
| 🟢 Advantages | 🔴 Disadvantages |
| STP brokers route orders directly to liquidity providers, reducing conflicts of interest and offering more transparent trading. | Spreads may widen during low liquidity or high volatility, unlike fixed spread brokers, which may be preferred by beginners. |
| STP systems process trades electronically and quickly, which is beneficial for scalping and news trading. | While spreads are lower, STP brokers often charge a per-lot commission, which can add up, especially for high-frequency traders. |
| Because orders are sent directly to the interbank market, traders often benefit from raw or near-raw spreads, especially with Pro or Raw accounts. | Most STP brokers in Malaysia are regulated offshore, not by SCM or BNM, which may concern risk-averse traders. |
| With no price manipulation, traders in Malaysia get fairer market quotes and fewer re-quotes compared to market maker brokers. | Compared to market maker brokers, STP brokers offer fewer deposit bonuses, rebates, or trading contests. |
| Many STP brokers catering to Malaysian traders offer swap-free Islamic accounts, making them Shariah-compliant. | Some STP accounts, especially Raw or ECN types, require higher initial deposits, which might deter beginners. |
Conclusion
To sum up, selecting the very best STP Forex broker in Malaysia ultimately comes down to regulation, local service, and transparent execution. STP forex brokers provide fair pricing, fast execution, and no conflict trading environment perfect for traders that value efficiency and trust. Regardless of whether you are a novice or experienced trader, choosing a top-tier STP forex broker can enhance your trading experience and success in the Forex market even more.
Frequently Asked Questions
Why should I choose an STP broker in Malaysia?
Choosing an STP broker ensures direct market access, faster trade execution, and reduced conflicts of interest, which are beneficial for both novice and experienced Malaysian traders.
Are STP brokers regulated in Malaysia?
Yes, reputable STP brokers operating in Malaysia are often regulated by international bodies such as ASIC, CySEC, or local regulatory authorities to ensure compliance with financial standards.
What are the benefits of using an STP broker?
The benefits include faster trade execution, lower spreads, and improved market transparency, providing a more efficient and fairer, transparent trading environment.
Can Malaysian traders access educational resources from STP brokers?
Many STP brokers offer comprehensive educational materials, including webinars, tutorials, and market analysis, to help traders improve their skills and knowledge.
Is customer support available for Malaysian traders with STP brokers?
Most STP brokers offer reliable customer support services, including live chat, email, and phone support, tailored to assist traders in Malaysia with any issues or inquiries.
Addendum/Disclosure
No matter how diligently we strive to maintain accuracy, all financial markets feature a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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