How to choose a forex broker in Malaysia? (Malaysia Top 9 Brokers List Attached)

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• Are you a Malaysian forex trader？ Here's what to look for in a forex broker.

1. Stick with regulated brokers

Always try to choose a regulated forex broker. The SCM have not yet officially regulated any themselves, but you can very much trust the listed brokers regulated by some of the top bodies worldwide like CySEC, ASIC, and the FCA.

It is good practice to deal with these and any who are also ESMA compliant for the most trusted experience and to avoid offshore regulated or non-regulated brokers where you can.

2. Look for the best Isl*amic Account

The Musl*m population in Malaysia is more than 50%. There is always big demand for Malaysian Isl*amic forex trading accounts.

You should be looking to open an Isl*amic account that will not feature any of swap or overnight broker fees in order to be fully compliant.

3. Choose the Broker before choosing the Bonus

One of the biggest final things to be sure of is that, since forex broker bonuses are legal in Malaysia, that you do not get blinded by that fact.This means choosing a broker that best suits your trading needs above considering what types of bonus they offer.

Being tempted by a big bonus offer can leave you dissatisfied in other areas when it comes it future trading and so. You should really not base your broker decision on that. Also, always make sure you read the terms and conditions first.

Finally, you should take advantage of any no deposit bonus opportunities offered by a broker as a great chance to see what they can offer.

Below is 2021 Malaysia Top 9 Brokers List, which is collected by most of forex brokers.