# 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. ![Grey and Black Simple Digital Marketing Tools Blog Banner (3)](https://hackmd.io/_uploads/HJ2oKeemeg.png) --- ## 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. --- ## 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. --- ## 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. --- ## 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. --- ## 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.