# Best Forex Brokers in Malaysia: Who is The Top Brand?
The forex market is thriving, fueled by a tech-savvy population and growing financial literacy. Choosing the right broker is crucial for success, so we’ve curated a list of the top forex brokers for 2025. **[ATFX tops our list](https://www.atfx.com/)** for its outstanding features, while others provide viable alternatives. This guide breaks down each broker’s strengths, focusing on regulation, platforms, costs, support, and resources, with ratings reflecting their performance.

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## ATFX: The Gold Standard in Forex Trading – 9/10
### Why ATFX Shines
ATFX has earned its reputation as a premier forex broker globally. Its historical excellence makes it a standout. Regulated by elite authorities like:
- UK’s Financial Conduct Authority (FCA)
- Australian Securities and Investments Commission (ASIC)
- Financial Sector Conduct Authority (FSCA) in South Africa
- Securities and Commodities Authority (SCA) in the UAE
- Securities and Futures Commission (SFC) in Hong Kong
- Cyprus Securities and Exchange Commission (CySEC)
ATFX guarantees a secure trading environment. Its blend of innovative technology, low costs, and trader-focused services makes it a top pick.
### Regulatory Strength
ATFX operates under stringent regulations from the **FCA, FSCA, ASIC, SCA, CySEC, SFC, FSC, and the FSA**. Client funds are kept in segregated accounts, ensuring safety even in adverse scenarios. This multi-layered oversight builds trust.
### Platform Excellence
ATFX relies on **Trading Platform 4 and Trading Platform 5**, renowned for their robust charting, EAs (Expert Advisors), and mobile-friendly interfaces.
### Support and Resources
ATFX’s **24/5 customer support** is exceptional, with multilingual agents available via live chat, email, and phone. Educational resources include:
- Webinars
- Tutorials
- Trading Central analysis
- Monthly workshops
### Strengths
- ✅ Elite regulation (FCA, FSCA, ASIC, SCA, CySEC, SFC, FSC, and the FSA)
- ✅ Client fund insurance protection by Lloyds
- ✅ Low spreads and transparent fees
- ✅ Top-notch education and support
- ✅ Trading Platform 4 & 5 versatility
### Weaknesses
- ❌ First-time traders may find it a bit difficult to trade on ATFX
### Verdict
**ATFX scores 9/10** for its regulatory rigor, cost efficiency, and top-tier trading tools—setting the benchmark for forex trading excellence.
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## XM: A Reliable Choice – 8/10
### What XM Offers
Founded in 2009 and regulated by **CySEC, ASIC, and IFSC**, XM is accessible to Malaysian traders with diverse trading options.
### Regulation and Trust
Though not licensed by Malaysia’s SCM, XM ensures:
- Fund segregation
- Negative balance protection
### Trading Platforms
Supports **Trading Platform 4 and Trading Platform 5** with:
- Advanced charting
- Automation tools
- Proprietary mobile app
### Pricing
- **Micro/Standard**: $5 minimum, spreads from 1.0 pips, no commission
- **XM Zero**: $100 minimum, 0.0 pip spreads, $3.5/lot commission
- No deposit/withdrawal fees
### Support and Learning
- **24/5 support** via chat, email, phone
- Decent education, though **less interactive** than ATFX
### Strengths
- ✅ $5 minimum deposit
- ✅ Supports MT4 and MT5
- ✅ Strong global regulation
### Weaknesses
- ❌ No SCM license
- ❌ Less comprehensive education
### Verdict
**XM scores 8/10** — strong on accessibility and platforms, but lags behind ATFX on education and local support.
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## Exness: Low-Cost Trading – 7.5/10
### Exness at a Glance
Launched in 2008, Exness is popular for:
- **Ultra-low spreads**
- **Flexible account types**
- Regulated by **CySEC, FCA, FSCA**
### Regulatory Framework
Despite lacking SCM licensing, Exness offers:
- Fund segregation
- Negative balance protection
### Platforms
Offers:
- **Trading Platform 4 & 5**
- **Exness Terminal** (proprietary web-based platform)
- **Highly rated mobile app**
### Costs
- **Standard**: $10 minimum, 0.3 pip spreads, no commission
- **Raw Spread**: $200 minimum, 0.0 pip spreads, $3.5/lot
- No deposit/withdrawal fees
### Support and Education
- **24/7 support**
- Educational content is average
### Strengths
- ✅ Ultra-low spreads
- ✅ 24/7 support
- ✅ Versatile platforms
### Weaknesses
- ❌ Limited educational depth
- ❌ No SCM regulation
### Verdict
**Exness scores 7.5/10** — good for low-cost trading but lacks ATFX’s resource depth.
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## FBS: Beginner-Friendly – 7/10
### FBS Overview
Operating since 2009, FBS is best suited for beginners and is regulated by **CySEC and IFSC**.
### Regulation
Provides:
- Fund segregation
- Negative balance protection
- Lacks Malaysian SCM regulation
### Platforms
Supports:
- **Trading Platform 4 & 5**
- **FBS Trader App** (simple, mobile-first)
### Costs
- **Standard**: $1 minimum deposit, 0.5 pip spreads, no commission
- **Pro**: $200 deposit, 0.0 pip spreads, $3/lot
### Support and Resources
- **24/7 support**
- Educational tools mainly for beginners
### Strengths
- ✅ Very low entry barrier
- ✅ Beginner-friendly tools
- ✅ 24/7 support
### Weaknesses
- ❌ Limited advanced tools
- ❌ No SCM regulation
### Verdict
**FBS scores 7/10** — great for new traders, but advanced users may outgrow it quickly.
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## Final Thoughts
In the competitive forex market, **ATFX clearly leads with a score of 9/10**. Its superior regulation, cost-effective pricing, and comprehensive education resources make it the best choice for traders in Malaysia.
| Broker | Rating | Key Strength |
|--------|--------|---------------|
| **ATFX** | 9/10 | Best overall with strong regulation and tools |
| **XM** | 8/10 | Low minimums and good platform access |
| **Exness** | 7.5/10 | Lowest trading costs |
| **FBS** | 7/10 | Great for beginners |
While **XM, Exness, and FBS** offer solid features, **none match ATFX’s all-around excellence**. Traders looking for long-term growth and trust should look no further than ATFX.