Forex Broker Review Malaysia

Forex Broker Review Malaysia

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Forex Broker in Malaysia is no stranger anymore here in our country. Forex brokers act as intermediaries between traders and the foreign exchange market. While Forex brokers in Malaysia may appear to be comparable at first glance, there are significant variances that affect trading costs and the overall trading experience. So, hop into your internet, and forex broker could be your next thing. 

As forex broker review in Malaysia, a reliable forex broker is, in essence, ethical, law-abiding, and completely dedicated to its clients, and its track record in the field speaks for itself. Such a broker offers excellent customer service, quick deposit and withdrawal methods, and, most importantly, consistent trading circumstances, allowing you to relax and concentrate entirely on your trading career. Choosing a secure forex broker should be your top concern if you want to trade successfully. In Malaysia, there is a couple of trusted brokers that could be the starting point of your broker career. 

First, we have IronFX. IronFX is a trading name of Notesco Limited, a Bermuda-based firm that was created in 2010. Depending on the user’s geographical location, accounts can be opened with the broker’s non-regulated firm in Bermuda or with the broker’s regulated entity under the UK Financial Conduct Authority. This assessment is based on the non-regulated arm, There are seven main types of trading accounts available to users. Micro, Premium, VIP, and Zero Fixed accounts all have a combination of live floating and fixed spreads. ECN/STP trading is available on the No Commission, Zero Spread, and Absolute Zero accounts. Free access to Trading Central’s technical analysis tool, maximum leverage of up to 1:1000 on certain accounts, and over 200 markets to trade in, including Forex, metals, indices, commodities, and stocks. But, There is no MetaTrader 5 and it is neither regulated nor licensed by any financial organization (it is based in Bermuda).

Secondly, we have HTFTrading. CTRL Investments Limited, a New Zealand-based firm, operates HFTrading and is regulated by the New Zealand Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASIC). The Financial Service Provider offers commission-free trading on more than 350 CFD products, including Cryptocurrencies, Commodities, Forex, Shares, Indices, and Metals, through three different types of trading accounts: Silver, Gold, and Platinum. They also provide swap-free Islamic trading accounts. The pros are ASIC and the Financial Markets Authority (FMA) supervise the market, and commission-free trading is accessible. MetaTrader 4 allows you to trade 350+ asset classes. However, overnight swap rates are significantly higher than the industry average (although reductions are available on some accounts), and trader research and analysis are restricted.

Last but not least, the HYCM. With over 40 years of expertise, HYCM is a Forex and CFD broker that is authorized and regulated by the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Henyep Capital Markets is a subsidiary of the Henyep Capital Markets Group, a multinational corporation with interests in financial services, real estate, education, and philanthropy. Fixed, Classic and Raw are the three main trading accounts offered by the firm. Commission-free trading accounts are available, as are raw spread trading accounts, and the firm is licensed by the FCA and CySEC. MetaTrader 4 and MetaTrader 5 are supported. However, there are just 20 stock CFDs to trade which more available on accounts opened under an entity that falls under a different regulator.

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