We have identified the top 5 STP 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
Our Final Thoughts on the 5 Best STP Forex Brokers in Malaysia
Frequently Asked Questions About The Best STP Forex Brokers in Malaysia
- Marlie Willemse Rosset
10 Best Forex Brokers in Malaysia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is an STP Forex Broker?
Our research into the Forex market has shown that STP (Straight Through Processing) brokers provide several benefits for traders in Malaysia. By skipping the dealing desk and going straight to liquidity providers, STP brokers guarantee openness and fairness in trade execution. Using an STP broker has many advantages. Traders in Malaysia can get better prices and faster execution times with these brokers, as they give them direct access to the market.
This is of the utmost importance in the fast-paced Forex market, where the outcome of a trade can be affected by milliseconds. When there is no dealing desk (NDD), brokers benefit from the spread or commission rather than traders’ losses, eliminating the possibility of conflicts of interest. Our research into the Malaysian industry confirms the need for regulatory supervision to guarantee the trustworthiness of STP brokers. Brokers governed by reputable bodies, like the ASIC or CySEC in Cyprus, are typically more reliable because they adhere to stringent financial rules and protect customer funds.
Low spreads, adjustable leverage, and various account types are just a few of the favorable circumstances offered by STP brokers in Malaysia’s competitive Forex market. The best STP brokers additionally offer extensive instructional materials and helpful customer service to traders from Malaysia. Our review has shown that traders searching for openness, efficiency, and equitable trading conditions could find STP Forex brokers in Malaysia an attractive alternative. For a better trading experience, traders from Malaysia should go with a regulated STP broker.
5 Best STP Forex Brokers in Malaysia
To suit the demands of traders in Malaysia, we have researched the Forex market thoroughly and identified the top 5 STP brokers in the country. These brokers provide traders with top-notch trading conditions, strong regulatory control, and outstanding customer support.
- ☑️HFM – Several Account Types Available.
- ☑️FXCM – Leading STP Broker
- ☑️Tickmill – User-friendly interface, advanced charting tools
- ☑️Eightcap – Recognised globally as Broker of the Year 2023
- ☑️Pepperstone – One of the world’s largest forex brokers.
1. HFM
Based on its dedication to transparency and rapid trade execution, HFM (HotForex) stood out as one of the top STP Forex brokers. To guarantee transparency and quick execution, HFM does not use a dealing desk but processes customer orders directly with liquidity providers. With this strategy, traders in Malaysia have direct access to the market, which results in lower latency and better pricing.
HFM’s various accounts—including Micro, Premium, and Zero Spread—make it stand out. Traders of different skill levels can find an option that suits their trading style. With high-leverage options, traders can efficiently manage risk while maximizing potential.
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 offerings, which include webinars, tutorials, and market analysis, help Malaysian traders improve their abilities and make better judgments. Islamic accounts that do not require a swap are also available, which increases their attractiveness to Muslim traders in Malaysia. Other respected authorities, including the FCA (UK), CySEC (Cyprus), FSCA (South Africa), and DFSA (Dubai), regulate HFM, even if SCM or BNM does not. As a result, traders can be assured that their data is secure and reliable.
HFM offers diverse deposit options that are handy for Malaysian traders. These include local bank transfers, credit/debit cards, and e-wallets. The broker provides round-the-clock customer support in multiple languages so traders in Malaysia can get the help they need whenever they need it. For Malaysian traders looking for a trustworthy STP broker, HFM is an excellent alternative because of its strong regulatory framework, variety of account types, and dedication to client care.
Unique Features
| Feature | Information |
| ✨Execution Model | STP with no dealing desk intervention |
| 📝Regulation | CySEC, FSA, FCA, FSC, CMA, FSCA, DFSA |
| ✨Spreads | Variable spreads starting from 0.0 pips |
| 🎖️Account Types | Cent Account, Premium Account, Zero Spread, Pro Account |
| 💵Leverage | 1:2000 |
| 💡Trading Platforms | MetaTrader 4, MetaTrader 5, HFM App |
| ☎️Customer Support | 24/5 multilingual support |
| 📉Negative Balance Protection | Yes |
| ✨Islamic Accounts | Yes |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| A variety of accounts are available to meet the demands of traders with varying strategies and needs | Concerningly, HFM is not governed by either the Securities Commission Malaysia (SCM) or Bank Negara Malaysia (BNM) |
| The ability to trade with a maximum of one thousand times the initial investment thanks to high-leverage options | During periods of extreme market volatility, spreads have the ability to fluctuate substantially, which could impact trading expenses |
| To further one’s understanding of trading, one can access extensive instructional materials, such as webinars and tutorials | Sometimes, especially during busy trading periods, the platform could have latency problems |
| Assistance is readily accessible, with multilingual customer support available 24/5 | When compared to other brokers, this one doesn’t provide as many trading instruments |
| It is appropriate for traders who follow Sharia law because it offers Islamic accounts that do not include swaps | Conditions and terms for bonus programs and promotions can be quite strict |
| Funding accounts is made easier for traders in Malaysia with a variety of deposit methods, including local bank transfers |
Our Insight
HFM offers Malaysian traders a seamless trading experience with tight spreads, fast execution, and a wide range of assets. They also benefit from advanced trading tools, robust security, and dedicated local support.
2. FXCM
Our research into the Forex market has led us to conclude that FXCM is a leading STP broker. Direct market access for Malaysian traders, who do not have to go through intermediaries, results in better pricing and shorter execution times. While credible agencies like the UK’s Financial Conduct Authority (FCA) and Australia’s Australian Securities and Investments Commission (ASIC) oversee FXCM, some traders could be worried that the Malaysian government doesn’t supervise the company.
Because of its many trading platforms (MetaTrader 4, Trading Station, and TradingView), extensive training tools (webinars, market insights, etc.), and competitive spreads (beginning at 0.2 pips), we believe FXCM is one of the best brokers for traders in Malaysia.
Overall Rating
- 4.5/5
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
Additionally, traders can get help from FXCM’s friendly 24/5 customer service, essential for maintaining faith in the trading process. Muslim traders will find this broker appropriate because it offers Islamic accounts that do not require swaps. Although FXCM is not regulated in Malaysia, traders can still rely on it due to its complete service offers and solid international reputation.
Unique Features
| Feature | Information |
| ✨Execution Model | Offers both Dealing Desk and No Dealing Desk (STP) trading |
| 📝Regulation | FCA, ASIC, CySEC, FSCA |
| ✨Spreads | 0.2 pips |
| 🎖️Account Types | Standard Account, Demo Account |
| 💵Leverage | 1:400 |
| 💡Trading Platforms | FXCM App, Trading Station, TradingView Pro, MetaTrader 4, Capitalise AI, ZuluTrade |
| ☎️Customer Support | 24/5 multilingual support |
| 📉Negative Balance Protection | Yes |
| ✨Islamic Accounts | Yes |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Traders in Malaysia can find a trading platform that suits their trading style among several options | Some traders could have concerns about FXCM because Malaysian financial regulators do not regulate it |
| Traders can make better selections using extensive educational tools, such as webinars, tutorials, and market insights | For those without trading experience, the high leverage (up to 1:400) could be a dangerous proposition |
| Muslim traders can use FXCM because it offers Islamic accounts that do not include swaps | The total cost of trading could increase if traders have an account that is subject to fees |
| Negative balance protection is a useful feature that traders can use to avoid losing more money than they have in their accounts | Some Malaysian traders could find the lack of local payment options to be a nuisance |
| Trading accounts can be easily funded for Malaysian traders using a variety of methods, such as bank transfers, credit/debit cards, and e-wallets | It is possible that some instructional materials are more geared toward newcomers and do not include sophisticated trading strategies |
Our Insight
FXCM empowers Malaysian traders with competitive spreads, advanced trading tools, and reliable execution. It also benefits from strong regulation, educational resources, and dedicated customer support.
3. Tickmill
Our evaluation of Malaysian STP Forex brokers found Tickmill one of the most transparent and efficient options. With its pure STP methodology, Tickmill guarantees direct access to liquidity sources for traders in Malaysia, eliminating dealing desk interference.
This allows for transparent and fair, transparent trade execution. The broker does not have regulatory approval from Malaysia, although it is regulated by the FCA (UK), CySEC (Cyprus), and FSA (Seychelles), among others. Tickmill is a leading broker because of its low spreads (as low as 0.0 pips) and powerful trading platforms such as MetaTrader 4 and 5.
Overall Rating
- 4.5/5
Min Deposit
USD 100
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
In addition to the extensive training materials, traders have access to high-leverage options (up to 1:1000) that let them make the most of their trading strategies. Tickmill also offers 24/5 multilingual customer service, so traders in Malaysia can get assistance in the language that’s most convenient for them.
Muslim traders in Malaysia will find it even more suitable because swap-free Islamic accounts are available. Tickmill is a great option for traders in Malaysia due to its improved trading environment and trustworthy global regulatory framework.
Unique Features
| Feature | Information |
| ✨Execution Model | STP with no dealing desk |
| 📝Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
| ✨Spreads | Spreads starting from 0.0 pips |
| 🎖️Account Types | Classic Account, Raw Account |
| 💵Leverage | 1:1000 |
| 💡Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill Mobile App, CQG |
| ☎️Customer Support | 24/5 multilingual support |
| 📉Negative Balance Protection | Yes |
| ✨Islamic Accounts | Yes |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fair and transparent trade processing is guaranteed by Tickmill’s pure STP execution, which does not include dealing desk interference | Some Malaysian traders could find the limited local payment choices difficult |
| For traders looking to keep their trading costs low, spreads as low as 0.0 pips offer a great deal | When market volatility is strong, the platform could experience periodic technical difficulties |
| With high-leverage choices available up to 1:1000, traders have the opportunity to fine-tune their trading strategies | Even though they speak multiple languages, customer service could take some time to respond during busy periods |
| The broker offers superior trading tools and flexibility with support for MetaTrader 4 and MetaTrader 5 | There could be quite strict rules and regulations attached to some rebate programs and incentives |
| There is a wealth of material available to help educate traders in Malaysia, such as webinars, tutorials, and market analyses | Failure to reach the minimum volume requirements for specific promotions could result in traders in Malaysia incurring greater expenses |
| To enhance the trading experience, Tickmill provides several promotions and rebate schemes |
Our Insight
One of FBS CopyTrade’s distinguishing characteristics is that it is accessible to a broad audience, with minimal deposit requirements and other low entrance barriers.
4. Eightcap
According to our evaluation, Eightcap stands out as a top STP Forex broker for traders in Malaysia. To improve transparency and execution speed, Eightcap’s STP approach processes trades directly with liquidity providers, bypassing the dealing desk. Although Malaysian financial regulators do not regulate it, the broker has a sound regulatory base thanks to its regulation by several financial bodies, including ASIC (Australia) and the FCA (UK).
We selected Eightcap as a leading broker because of its extremely competitive raw spreads, starting at just 0.0 pips. These spreads benefit traders looking for cost-effective trading. With support from MetaTrader 4 and MetaTrader 5, traders can use advanced trading tools and have more freedom.
Overall Rating
- 3.5/5
Min Deposit
USD 100
Regulators
ASIC, SCB
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
55
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Webinars, videos, and market research are just a few of Eightcap’s training offers for traders to hone their craft. Eightcap also provides Islamic accounts that do not require swaps, meeting the needs of Muslim traders in Malaysia.
The broker’s solid worldwide regulatory standing and dedication to delivering a transparent and efficient trading environment make it a dependable alternative for traders in Malaysia.
Unique Features
| Feature | Information |
| ✨Execution Model | STP with no dealing desk |
| 📝Regulation | FCA, SCB, CySEC, ASIC |
| ✨Spreads | Spreads starting from 0.0 pips |
| 🎖️Account Types | Standard Account, Raw Account, TradingView Account |
| 💵Leverage | 1:500 |
| 💡Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView |
| ☎️Customer Support | 24/5 multilingual support |
| 📉Negative Balance Protection | Yes |
| ✨Islamic Accounts | Yes |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Trading costs are competitive, with raw spreads starting from 0.0 pips, which is great for high-frequency traders in Malaysia | For some traders, the fact that Malaysian financial authorities do not govern Eightcap can be a negative |
| Flexible and equipped with innovative trading tools, the broker is compatible with MetaTrader 4 and MetaTrader 5 | Novice traders should be wary of high-leverage options (up to 1:500) |
| Traders can hone their craft with the use of instructional materials, including seminars, videos, and market analysis | During busy trading periods, the broker’s platform could have periodic latency problems |
| For Muslim traders, Eightcap provides swap-free Islamic accounts | It could be inconvenient for some Malaysian traders due to the limited local payment options |
| Traders can be assured that they won’t lose more than they have in their accounts thanks to negative balance protection | Although the broker’s educational materials are useful, they could not go into detail regarding complex trading strategies |
| Trading accounts can be easily funded for Malaysian traders using a variety of methods, such as bank transfers, credit/debit cards, and e-wallets | The terms and conditions of certain bonuses and promotions could be quite stringent |
Our Insight
For Indonesian traders hoping to improve their trading strategies and potential returns, we found FXTM’s copy trading platform is an excellent tool because of its rich features and dedication to customer support.
5. Pepperstone
We found that Pepperstone is a highly regarded broker amongst traders in Malaysia because of its STP trading approach and commitment to transparency. Through directly processing trades with liquidity sources, Pepperstone ensures transparent and rapid execution, eliminating the need for a dealing desk.
Pepperstone offers Razor accounts with spreads as low as 0.0 pips, making it an attractive option for Malaysian traders concerned about trading expenses. The broker has various trading platforms to accommodate customers with varying preferences and trading styles. Traders in Malaysia can improve their trading skills and make informed trades with Pepperstone’s extensive educational tools, which include webinars, tutorials, and market research. Pepperstone also goes above and beyond by providing 24/7 customer support by phone, email, and live chat.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Because it provides Islamic accounts that do not use swaps, Pepperstone is a suitable choice for Muslim traders in Malaysia who adhere to Sharia law. The broker offers a wide range of leverage choices, with the highest being 1:500, allowing traders to implement optimal trading strategies while effectively managing risk.
Traders from Malaysia can fund their accounts with this broker using various methods, including bank transfers, credit/debit cards, and electronic wallets. Pepperstone is an excellent option for Malaysian traders because of its trustworthy regulatory structure, low trading fees, and straightforward trading environment.
Unique Features
| Feature | Information |
| ✨Execution Model | STP with no dealing desk |
| 📝Regulation | ASIC, SCB, BaFin, FCA, CySEC, CMA, DFSA |
| ✨Spreads | Razor accounts with spreads starting from 0.0 pips |
| 🎖️Account Types | Standard Account, Razor Account, Swap-Free Account |
| 💵Leverage | 1:500 |
| 💡Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView, cTrader, Pepperstone Trading Platform |
| ☎️Customer Support | 24/7 multilingual support |
| 📉Negative Balance Protection | Yes |
| ✨Islamic Accounts | Yes |
| 📃SCM Regulated | No |
| 📋BNM Regulated | No |
| 🚀Sign up | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Trades are processed quickly and transparently with STP execution because the dealing desk is not involved | Pepperstone’s regulatory status could concern certain traders due to a lack of regulation by the Securities Commission Malaysia (SCM) or Bank Negara Malaysia (BNM) |
| With razor accounts, trading costs are inexpensive because spreads start at 0.0 pips | Unskilled traders should avoid using high-leverage options (up to 1:500) |
| Pepperstone provides traders in Malaysia with a vast selection of options when it comes to trading platforms, some of which include cTrader, MetaTrader4, and MetaTrader 5 | It could be inconvenient for some Malaysian traders due to the limited local payment alternatives |
| This broker gives traders access to a wealth of instructional materials, such as guides and market analysis | There have been reports of platform outages during busy trading hours, which has had an impact on traders’ experiences |
| Help is always ready with round-the-clock customer service available by phone, email, and live chat | The terms and conditions of bonus and promotional offers could be quite stringent |
| Traders who practice Islam will appreciate the availability of swap-free Islamic accounts |
Our Insight
For Indonesian traders hoping to improve their trading strategies and potential returns, we found FXTM’s copy trading platform is a great tool because of its rich features and dedication to customer support.
Our Final Thoughts on the 5 Best STP Forex Brokers
Trading with STP brokers eliminates conflicts of interest, provides transparent trade execution, and lowers trading costs by eliminating the need for a dealing desk. In the ever-changing Forex market, this strategy guarantees traders in Malaysia quick order execution and direct market access.
One must also consider the downsides. If traders are worried about the unreliability of local organizations like SCM and BNM, they will have to depend on international regulators. Our top 5 brokers support Malaysian traders of all skill levels with their wealth of educational materials, various account options, and dependable support staff.
These brokers provide a trustworthy trading environment that can satisfy the demands of traders in Malaysia looking for honest and effective Forex trading solutions despite the downsides.
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Frequently Asked Questions
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.
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.
The benefits include faster trade execution, lower spreads, and improved market transparency, providing a more efficient and fairer, transparent trading environment.
Many STP brokers offer comprehensive educational materials, including webinars, tutorials, and market analysis, to help traders improve their skills and knowledge.
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.
