Best SC-Regulated Brokers in Malaysia
Retail traders often underestimate Malaysia’s futures market, yet it is one of the most transparent and well-regulated in the region. We’ve researched hundreds of brokers that offer their services in Malaysia to identify the 6 best. Here is what we’ll cover:
- Why does SC regulation matter for Malaysian traders?
- 6 Best SC-regulated Brokers in Malaysia
- How can traders compare brokers beyond marketing claims?
- Wrapping up: Best SC-regulated brokers in Malaysia
- FAQs on SC-regulated brokers in Malaysia
This guide highlights more than corporate profiles. It explores how transparent each broker is with account information, how retail-friendly their services are, and what you should pay attention to before opening an account.
You will see how the regulation under SC ties into your protection as a trader, and how these firms compare side by side. By the end of this guide, you will have a clearer picture of which broker matches your own priorities and trading approach.
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
6 Best SC-regulated Brokers in Malaysia – Compared
| 🥇 Broker | 👉 Open Account | ✔️ Malaysian Ringgit Account? | 💰 Minimum Deposit? | 💸 Malaysian Ringgit (MYR) Deposits Allowed? |
| PhillipCapital Malaysia | 👉Open Account | Yes | 1,000 MYR | Yes |
| Kenanga Futures Sdn Bhd | Yes | 3,000 MYR (Global Futures: USD 500) | Yes | |
| CGS International Futures Malaysia Sdn Bhd | Yes | Not fixed | Yes | |
| RHB Investment Bank Berhad (Futures) | Yes | Not fixed | Yes | |
| Hong Leong Investment Bank (HLeFutures) | Yes | Not fixed | Yes | |
| Affin Hwang Investment Bank | Yes | Not fixed | Yes |
Why does SC regulation matter for Malaysian traders?
SC regulation matters because it sets the ground rules for brokers and protects you as a trader. Under the Capital Markets and Services Act 2007, every firm offering futures or derivatives in Malaysia must hold a licence from the Securities Commission.
This licence is not vague; it requires that all brokers follow strict standards on risk disclosure, reporting, and how client funds are held. Your money must be placed in a segregated account, separate from a broker’s operating funds, and not exposed to their business risks.
The Securities Commission’s 2024 annual report highlighted stronger rules for client asset protection, and in 2025, new proposals are extending those standards to recognised market operators and intermediaries.
The aim is to reduce weak areas that could put your capital at risk. Enforcement has been active as well, with penalties and suspensions issued against firms that breach requirements.
For you, this translates into transparency and accountability. Licensed brokers must publish all details on account terms, trading conditions, and fees. If a broker misuses funds, hides charges, or fails to meet margin obligations, the Commission can act against them.
This level of oversight is what gives Malaysia’s regulated brokers credibility and gives you more confidence when you choose a broker.
6 Best SC-regulated Brokers in Malaysia
- PhillipCapital Malaysia: Strong global futures access and a powerful platform called Phillip Nova, offering many tech indicators, live charts, and market-depth tools.
- Kenanga Futures Sdn Bhd: First mover in Malaysia for Direct Market Access (DMA) via electronic execution and also offers voice execution; it provides robust educational/insights content and daily market commentary.
- CGS International Futures Malaysia Sdn Bhd: First firm to bring publicly available CME crypto futures (Bitcoin, Ethereum, etc.) to Malaysian retail under regulated terms.
- RHB Investment Bank (Futures): Known for trust via its established investment bank pedigree, offering combined equity and futures via its trading platform with strong local support and client-trust fund structures.
- Hong Leong Investment Bank (HLeFutures): Offers futures and options along with research and trading tools, emphasises customer service and fee promotions for active/internationally-oriented traders.
- Affin Hwang Investment Bank: Provides global trading options (via its eInvest platform), supports individual & corporate investor types, and regularly updates its services with security enhancements.
1. PhillipCapital Malaysia
Overview
PhillipCapital Malaysia is a long-standing Malaysian broker with futures access on Bursa Malaysia Derivatives and major global exchanges through Phillip Nova and a suite of in-house platforms.
Traders gain weekly futures commentary, platform demos, webinars, and one-to-one coaching. Branch and desk contacts are listed across Malaysia, with a Kuala Lumpur headquarters and multiple regional offices.
Unique Features
| Feature | Information |
| ⚖️ Regulation | SC Malaysia (eCMSL/A0233/2008), Reg. 362533-U |
| 📂 Account types | Individual and corporate accounts |
| 💻 Trading platforms | TradingView, Phillip Nova, Phillip CFD Trader, Poems Global MY 3.0 |
| 📊 Products offered | Futures, Stocks, DLCs, SW, CFDs |
| 💰 Minimum deposit | 1,000 MYR for local futures; 5,000 MYR for local + foreign futures. |
| 💵 Funding | FPX and bank transfer; FPX only accepts MYR |
| 📉 Margin requirements | Exchange-based initial and maintenance margin; low-equity threshold at 50% of initial margin |
| 📈 Research & insights | Weekly futures market views and contract-focused reports |
| ⏰ Customer support | Hotline, email, online form; branch phone lines |
| 🏦 Local presence | Headquarters in Kuala Lumpur with nationwide branches |
| 🆕 Unique features | Free webinars and seminars, one-to-one coaching, platform demos |
| 👨🏫 Education | Trading guides, webinars, seminars, and articles |
| 🚀Sign up | 👉Open Account 👉Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Regular futures research, webinars, and one-to-one coaching | Higher first-time deposit for foreign markets |
| MYR funding available | FPX only supports MYR |
| Offers several platforms, including Phillip Nova and POEMS Global MY | |
| MYR funding available |
Frequently Asked Questions
What is the first-time deposit to open a local futures account with PhillipCapital Malaysia?
MYR 1,000 for local futures.
Which futures contracts can you trade with PhillipCapital Malaysia?
Bursa Malaysia Derivatives contracts, such as FKLI and FCPO, plus selected global exchange products.
2. Kenanga Futures Sdn Bhd
Overview
Kenanga Futures Sdn Bhd is an award-winning Malaysian-listed derivatives broker with more than two decades of experience.
It offers electronic and voice execution, clearing, and access to selected products on Bursa Malaysia Derivatives, CME Group, and HKEX through its KDF TradeActive platform on desktop and mobile.
Unique Features
| Feature | Information |
| ⚖️ Regulation | SC Malaysia (eCMSL/A0070/2007), Reg. 353603-X |
| 📂 Account types | Individual accounts online; corporate and institutional by enquiry |
| 💻 Trading platforms | KDF TradeActive on desktop and mobile; electronic and voice execution |
| 📊 Products offered | Commodity derivatives, equity derivatives, financial derivatives, agricultural, energy, equity indices, interest rates, metals, Hang Seng Index, HSCEI, HSCEI (Mini), Hang Seng Index (Mini) |
| 💰 Minimum deposit | 3,000 MYR initial deposit |
| 💵 Funding | Bank transfer to clients’ segregated account |
| 📉 Margin requirements | Full margin policy; T+1 margin call by 5:00 pm; CME initial margin at 110% of maintenance; HKEX initial margin at 120% of maintenance |
| 📈 Research & insights | Daily commentary, special reports, product factsheets, and tutorials |
| ⏰ Customer support | Helpline +603 2172 3888, Customer Services Hotline 1300 13 3010, support emails |
| 🏦 Local presence | Headquarters at Kenanga Tower, Kuala Lumpur |
| 🆕 Unique features | Pioneered DMA in 2008; facilitates NLTs and EFRPs via voice desk |
| 👨🏫 Education | Webinars, infographics, case studies, and technical analysis series |
| 🚀Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Updated margin schedules published on the website | High minimum deposit compared to other brokers |
| Access to BMD, CME, and HKEX | Online onboarding for individuals only |
| Daily research and education materials | |
| Electronic and voice execution |
Frequently Asked Questions
What is the minimum deposit to open an online account with Kenanga Futures?
3,000 MYR for individual online account opening.
Where can you find Kenanga Futures’ margin schedules?
On the Margin Requirement page, which publishes updated PDFs with initial and maintenance levels.
3. CGS International Futures Malaysia Sdn Bhd
Overview
CGS International Futures Malaysia Sdn Bhd offers brokerage in exchange-listed derivatives with access to Bursa Malaysia Derivatives and selected global markets under its Futures and Global Futures offerings.
In 2024, the broker announced the country’s first publicly available CME crypto futures for Malaysian clients under its futures franchise.
Unique Features
| Feature | Information |
| ⚖️ Regulation | SC Malaysia (eCMSL/A0066/2007), Reg. 257674-P |
| 📂 Account types | Individual and corporate accounts |
| 💻 Trading platforms | CGS iTrade Futures Electronic Trading Platform |
| 📊 Products offered | Stocks, ETFs, Margin Financiing, WTC, CFDs, Futures |
| 💰 Minimum deposit | Not fixed |
| 💵 Funding | Bank transfer to CGS International Futures Malaysia accounts, including Maybank and CIMB Clicks |
| 📉 Margin requirements | Exchange and broker policy apply |
| 📈 Research & insights | “Our Insights” articles and market content |
| ⏰ Customer support | Help centre with contact details and Kuala Lumpur office information |
| 🏦 Local presence | Level 29, Menara Aras Raya, Jalan Raja Laut, Kuala Lumpur |
| 🆕 Unique features | First publicly available CME crypto futures in Malaysia |
| 👨🏫 Education | FAQs, insights, events and product pages with guidance |
| 🚀Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Offers CME crypto futures | Limited markets |
| Access to Bursa Malaysia Derivatives | Limited research and insights |
| Malaysian bank transfer options | |
| Shariah-compliant futures option |
Frequently Asked Questions
How do you fund an account at CGS International Futures Malaysia?
The Malaysia pages provide bank transfer details, including CIMB Clicks and a Maybank account number.
Which platform does CGS International Futures Malaysia use for futures?
CGS iTrade Futures Electronic Trading Platform and electronic trading facilities.
4. RHB Investment Bank Berhad (Futures)
Overview
RHB Investment Bank Berhad offers local and foreign listed futures with online platforms, night desk support, and a Knowledge Centre for education. The site provides a futures FAQ, platform details, margin requirements, and contacts for both daytime and overnight trading support.
Platforms include RHB Futures GTS and RHB Futures QST, with real-time prices and market-depth indications described on the Online Trading pages.
Unique Features
| Feature | Information |
| ⚖️ Regulation | SC Malaysia (eCMSL/A0086/2007), Reg. 19663-P |
| 📂 Account types | Individual accounts; non-resident opening supported via FAQ. Corporate by enquiry |
| 💻 Trading platforms | RHB Futures GTS, RHB Futures QST |
| 📊 Products offered | Futures, Bursa Malaysia Derivatives, Commodities Foreign. Foreign Futures, Hong Kong Exchange (“HKEX”) |
| 💰 Minimum deposit | Not fixed; funding guided by contract margin requirements |
| 💵 Funding | Client trust arrangements via RHB Investment Bank |
| 📉 Margin requirements | Contract-specific initial and maintenance margins |
| 📈 Research & insights | Knowledge Centre with articles and seminars |
| ⏰ Customer support | Day desk: 03-2330 8900; Night Desk: 03-9200 6033 |
| 🏦 Local presence | RHB Investment Bank nationwide presence with branch support via RHB Invest |
| 🆕 Unique features | Night Desk trading support and platform choice for local and foreign futures |
| 👨🏫 Education | Seminars and articles accessible via Knowledge Centre |
| 🚀Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Offers a Knowledge Centre | Limited educaiton and research |
| Contract-level margin schedules | Exchange fees might apply |
| Night Desk phone support available | |
| Feature-rich platforms available |
Frequently Asked Questions
Is RHB Investment Bank Berhad licensed to offer futures trading in Malaysia?
Yes. RHB Investment Bank Berhad is regulated by SC Malaysia to provide futures services.
Can non-residents open a futures account with RHB Investment Bank Berhad?
Yes. The futures FAQ confirms eligibility for non-residents.
5. Hong Leong Investment Bank (HLeFutures)
Overview
Hong Leong Investment Bank’s HLeFutures gives Malaysian traders access to listed derivatives on Bursa Malaysia Derivatives with a dedicated trading platform on desktop and mobile.
The broker publishes product lists for contracts such as FKLI, FCPO, and others, along with trading hours and night sessions.
Campaign pages highlight access to CME products, including regulated crypto futures.
Unique Features
| Feature | Information |
| ⚖️ Regulation | SC Malaysia (eCMSL/A0084/2007), Reg. 10209-W |
| 📂 Account types | Individual accounts; corporate and non-resident enquiries via Futures Helpdesk |
| 💻 Trading platforms | HLeFutures desktop and mobile platforms |
| 📊 Products offered | Foreign shares, futures, Bursa Trading, Margin Financing, HleBroking CME products |
| 💰 Minimum deposit | Not fixed; trading based on exchange margin requirements |
| 💵 Funding | Bank transfer |
| 📉 Margin requirements | Exchange-based initial and maintenance margins |
| 📈 Research & insights | Spotlight, fundamental report, technical report |
| ⏰ Customer support | Futures Helpdesk phone and email |
| 🏦 Local presence | Headquarters in Kuala Lumpur |
| 🆕 Unique features | Campaigns highlighting CME access including regulated crypto futures |
| 👨🏫 Education | PDFs and guides on futures basics, contract examples, and platform usage |
| 🚀Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Product lists show hours, tick values, and night sessions | Limited platforms offered |
| Mobile and desktop platforms offered | Limited funding methods |
| Offers Futures Helpdesk contacts and user guides | |
| Knowledge Centre available for beginners |
Frequently Asked Questions
Which trading platforms does HLeFutures provide?
A desktop platform and a mobile app with real-time quotes, price depth, order entry, and account views.
Does HLeFutures offer access to CME markets?
Yes. HLeBroking highlights access to CME products.
6. Affin Hwang Investment Bank
Overview
Affin Hwang Investment Bank offers listed derivatives access on Bursa Malaysia Derivatives with a published line-up that covers equity, commodity, and financial contracts such as FKLI, FM70, FCPO, FGLD, and more.
Education is covered through a derivatives brochure and product links, and support channels include a futures desk phone line and email.
Unique Features
| Feature | Information |
| ⚖️ Regulation | SC Malaysia (eCMSL/A0002/2007), Reg. 14389-U |
| 📂 Account types | Individual and corporate |
| 💻 Trading platforms | eInvest online trading system |
| 📊 Products offered | Equity Derivatives, Commodity Derivatives, Financial Derivatives, Local Shares, Warrants |
| 💰 Minimum deposit | Not fixed |
| 💵 Funding | Arranged through the futures desk |
| 📉 Margin requirements | Exchange-based requirements |
| 📈 Research & insights | Derivatives brochure and product information pages; announcements and updates on eInvest |
| ⏰ Customer support | Futures desk at +03 7710 6688 and futures email |
| 🏦 Local presence | Malaysian bank with nationwide branch locator on eInvest |
| 🆕 Unique features | Coverage across BMD contracts with option to enquire on foreign futures through the desk |
| 👨🏫 Education | Derivatives brochure and product primers |
| 🚀Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| eInvest provides an online entry point for services | Liimited funding information |
| Direct futures desk phone and email | Limited education |
| Trading access and clearing with an option to enquire on foreign futures | |
| Broad BMD contract list |
Frequently Asked Questions
How are margins handled at Affin Hwang Investment Bank?
Exchange margin requirements apply, and further conditions appear in the derivatives terms and conditions.
Can you open an account with Affin Hwang Investment Bank online?
Yes, the broker’s site provides an “I’m Interested” enquiry on the derivatives page and publishes account opening forms.
How can traders compare brokers beyond marketing claims?
A broker’s website can promise the world, but only the facts will tell you whether it is worth opening an account.
Malaysian traders have the benefit of a clear regulatory framework under the Securities Commission Malaysia and Bursa Malaysia Derivatives, but the responsibility to check those facts rests with each trader.
Comparing brokers beyond what they publish in promotional material is not difficult once you know which areas to examine. Updated information from SC’s 2024 annual report and Bursa’s clearing standards provides a reliable foundation for these checks.
Verify The Licence And Market Access
The first step is to confirm that the broker appears on the SC Public Register. Cross-checking against the Bursa Malaysia Derivatives list of Trading Participants ensures that the firm has the authority to intermediate listed derivatives and is integrated into the clearing system.
When a broker is recognised in both registers, you know it is subject to SC supervision and Bursa’s client asset rules.
SC’s 2024 report confirmed its priorities for 2025, including stronger governance and more attention to investor safeguards.
Cost, Funding, And Margin Checks
- Confirm the account currency and which funding methods are supported. FPX or local bank transfer should be available, and client funds must be kept in segregated trust accounts.
- Review the entire fee schedule. Look beyond commissions to include exchange and clearing charges, platform fees, and any administrative costs.
- Compare the initial and maintenance margin for the contracts you intend to trade. Some brokers impose a higher threshold than the exchange minimum.
- Ask about the timing of margin calls and liquidation policies. A common practice is a T+1 call deadline at 5 pm.
- Check the withdrawal methods and timelines to match your bank and account currency.
Where To Verify
| Check | Source |
| Licence status and permissions | SC Public Register |
| Listed derivatives access | Bursa Derivatives Trading Participants list |
| Client asset safeguards | Bursa Malaysia Derivatives Clearing disclosures |
| Regulatory priorities for 2024–2025 | SC Annual Report 2024 |
Platforms, Research, and Support
A broker’s platform must cover the contracts you trade and provide the tools you rely on daily. Review the broker’s research section to see how often market commentary is updated.
Service standards can be found in transparent contact routes, published desk hours, and listed branch offices.
A practical test is to call the futures desk before you fund the account and ask direct questions about margin, funding, and platform access. If the responses are direct and consistent with published policies, you have a broker that can be trusted under SC oversight and exchange connectivity.
Wrapping up: Best SC-regulated brokers in Malaysia
Regulation is not a minor detail in Malaysia’s futures market. The SC framework requires brokers to keep client funds safe, publish margin terms, and offer transparent account conditions.
The best options for traders are the brokers that match compliance with usability. They offer accessible contact points, updated research, and account terms that can be verified against official registers.
FAQs on SC-regulated brokers in Malaysia
What protections does SC regulation provide to traders?
Client money must be kept in separate trust accounts, and firms must publish account terms, fees, and conditions. SC can suspend or fine brokers that break rules.
How do I check if a broker is licensed by the Securities Commission Malaysia?
Use the SC Public Register and the Bursa Malaysia Derivatives list of trading participants.
What is the SC’s Investor Alert List?
It’s a warning list of firms that are not licensed under Malaysian law.
Does SC regulate forex brokers, CFD brokers, or both?
SC licenses futures and derivatives, and some firms also offer CFDs.
What happens if a broker loses its SC licence?
It cannot legally offer futures or derivatives in Malaysia.
Are Islamic-compliant brokers regulated by SC Malaysia available for foreign clients?
Yes, some offer Shariah-compliant futures.
What are the permitted trading instruments under SC regulation?
Listed derivatives such as equity, commodity, and financial futures, plus some CFDs and options.
What are the risks of using brokers not regulated by SC Malaysia?
The risks include a lack of segregation safeguards and enforcement protection.
What fees or costs are associated with SC regulated brokers?
Commissions, exchange and clearing fees, platform charges, and admin costs.
Does SC protection cover funds deposited with a broker?
Yes, funds must be segregated into trust accounts.
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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