If you’re looking to trade CFDs in Malaysia, choosing the right broker that suits your trading needs is essential. This article compares the top 10 CFD brokers in Malaysia, taking into account various factors such as account types, fees, tradable assets, and other services and features.

Whether you’re a new retail trader interested in buying stocks and ETFs or an experienced trader looking for specific account types and other features, you need to make an informed decision. This article provides all the essential information you need to know to help you choose the right CFD broker for you.

We’ve thoroughly reviewed Malaysia’s 10 best-rated CFD brokers, highlighting their strengths and weaknesses to help you make the best decision. So, let’s dive into the comparison and see how they stack up against each other.

What is CFD Trading?

CFD trading, or Contract for Difference trading, is a type of derivative trading that enables traders to speculate on underlying asset price movements without actually owning the assets. CFDs allow traders to profit from both rising and falling prices, as they can either go long or short on a trade.

Unlike traditional trading, CFDs do not involve the actual ownership of the asset being traded. Instead, traders enter into a contract with a lender, where the provider pays the difference between the opening and closing price of the contract.

Top CFD Trading Brokers Malaysia 2023

Choosing the best CFD broker in Malaysia can be daunting, especially for new traders who may not know what to look for. That’s why we’ve done your hard work in this comprehensive review.

We’ve covered all the aspects you should consider when selecting a CFD broker. From the ease of their registration process to how user-friendly their trading software is to navigate, to spreads, account types, whether they are regulated, what assets you can trade, what type of trading resources they offer, and more.

After discussing all the pros and cons that these CFD brokers offer, it’s up to you to decide what specifically you’re looking for in a broker. Do you want a broker specializing in the stock market or one catering to millions of active traders? Are you looking for a broker that offers multiple account types or one that allows you to buy stocks? These are just a few of the questions you’ll need to ask yourself.

Knowing these questions and reading through this comprehensive review should give you insight into making the correct choice that best suits you. In our research, we have found the top 10 CFD brokers in Malaysia that cater to and cover all the services and features you should be looking for.

We have ranked these brokers based on these criteria. These are the best-rated CFD brokers in Malaysia:

• ZFX
• XM
• IG
• Exness
• InstaForex
• FBS
• Capital.com
• FP Markets
• RoboForex
• Axi.com

CFD Broker Comparison

Best CFD Trading Broker in Malaysia (Reviewed)

1. ZFX

In the world of online trading, ZFX has carved out a name for itself as the best CFD broker in Malaysia. Founded in 2016, this broker’s impressive history, a wide array of account types, and comprehensive suite of trading platforms have made it a top choice for traders in the region.

ZFX is regulated by the Financial Services Authority (FSA) and the Financial Conduct Authority (FCA), ensuring its operations adhere to the highest legal and ethical standards. This strong regulatory framework provides traders with the confidence they need to engage in CFD trading.

One of the key factors that sets ZFX apart from other CFD forex brokers is its commitment to client education. The A-Z Academy offers a wealth of resources for traders, including market news, market outlook, and a glossary of terms. This wealth of information is invaluable for both beginners and seasoned traders looking to refine their skills.

Starting in April 2023, ZFX is launching an Interest Program where clients can earn up to 9% interest. This innovative program offers an additional incentive for traders to choose ZFX as their preferred CFD trading platform. Furthermore, the broker offers copy trading and MAMM accounts, catering to a wide range of trading strategies and preferences.

ZFX offers a variety of account types tailored to different regions and trading needs. For Malaysia and other regions, traders can choose from the Cent, ECN, and STP accounts, while the Pro and Premier accounts are available in certain locations. This flexibility ensures that ZFX caters to the unique requirements of traders in different markets.

The Cent account is an excellent choice for beginners, featuring lower deposit requirements and smaller trade sizes. ECN and STP accounts cater to more advanced traders, offering tighter spreads and faster execution speeds. With options like the Pro and Premier accounts, providing personalized support and exclusive market insights, ZFX has established itself as the best CFD broker in Malaysia.

Traders at ZFX have access to an extensive range of trading platforms, including the popular MetaTrader 4 (MT4) platform. Included are powerful tools that provide traders with advanced charting capabilities, technical indicators, and seamless execution, ensuring a smooth and efficient trading experience.

ZFX’s dedication to client satisfaction, strong regulatory oversight, and wide range of account options make it the best choice for CFD traders in Malaysia. Whether you’re a beginner or a seasoned trader, ZFX has the tools and resources to help you succeed in the dynamic world of CFD trading.

Pros

• Provides competitive spreads and low commission fees for trading
• Offers a variety of trading instruments, including forex, indices, commodities, and cryptocurrencies
• Provides excellent customer support through various channels, including live chat, email, and phone support
• Provides a range of educational resources and tools for traders, including the A-Z Academy and tutorials
• Offers multiple account types to cater to different trading needs and styles
• Regulated by multiple financial authorities, including the FCA and FSA

Cons

• Limited deposit and withdrawal options compared to other brokers
• Limited availability of some trading instruments in certain regions
• The minimum deposit required to open an account is relatively high compared to other brokers for ECN accounts

2. XM

Established in 2009, XM has become one of Malaysia’s top choices for CFD trading thanks to its dedication to delivering diverse trading options, extensive educational materials, and outstanding customer support. As a well-regulated broker, XM adheres to the highest standards of compliance, ensuring a safe and trustworthy trading environment for its clients.

Clients can choose from three distinct account types to suit their specific needs and experience levels. The Micro account offers lower minimum deposits and smaller trade sizes for beginners, providing a perfect starting point. Experienced traders may find the Standard account more appealing, as it grants greater flexibility, competitive spreads, and increased leverage. Finally, the XM Zero account caters to those seeking ultra-low spreads, making it particularly attractive for high-volume traders.

A key aspect of XM’s success in the CFD trading market is its comprehensive educational resources. The broker offers a wealth of learning materials, including webinars, video tutorials, and market research, all designed to enhance the skills and knowledge of traders at various stages of their trading journey.

XM is regulated by several financial authorities, including CySEC, ASIC, and the IFSC, which ensures a strong regulatory framework and legal protection for its clients. This level of regulation is vital for traders seeking a reliable CFD forex broker.

The broker supports multiple trading platforms, including the widely popular MetaTrader 4 and MetaTrader 5, providing clients with access to a variety of tools and features to aid in their trading endeavors. These platforms are suitable for trading various assets, such as stocks, forex, and contract for differences, allowing traders to diversify their portfolios.

XM’s customer support is another area where the broker shines. With a multilingual team available 24/5 via live chat, email, and phone, clients can expect prompt and efficient assistance with their inquiries and concerns.

Depositing and withdrawing funds with XM is a seamless process, thanks to the numerous available methods, including credit cards, e-wallets, and bank transfers. This ensures a convenient and hassle-free experience for clients.

XM’s commitment to offering diverse trading opportunities, extensive educational resources, and a robust regulatory framework makes it the second-best CFD broker in Malaysia. Its variety of account types, excellent customer support, and user-friendly platforms cater to traders of all experience levels, solidifying its position on the CFD brokers list.

Pros

• Low minimum deposit requirement
• Wide range of trading instruments available
• Multiple account types to choose from
• Good customer support with live chat available
• Negative balance protection offered
• High leverage available for experienced traders
• Fast and reliable trade execution with no requotes

Cons

• Limited research tools and analyses available
• Limited withdrawal options, with fees for some methods
• Limited promotions and bonuses are available
• No cryptocurrency trading is available
• Not available for traders in some countries

3. IG

IG has been a significant player in the CFD trading market since its inception in 1974, providing its clients with a wide array of trading options and excellent customer service. Although IG is a top choice for CFD trading in Malaysia, it does not outshine ZFX in terms of overall service and offerings.

One of the reasons traders choose IG as their CFD forex broker is the variety of account types available. The broker offers a standard account that caters to most traders, while more experienced investors can benefit from the premium account, which provides additional services and perks. However, ZFX’s diverse account options, including Cent, ECN, and STP accounts, make it more appealing to a wider range of clients.

IG’s long-standing history and solid regulatory framework provide traders with a sense of security. The company is regulated by reputable authorities, including the FCA and ASIC, ensuring that it adheres to strict guidelines and legal requirements.

Clients have access to a range of trading platforms through IG, including its proprietary platform and MetaTrader 4. Both platforms offer advanced trading tools and features, enabling traders to manage their investments and monitor market trends effectively.

When it comes to customer support, IG delivers a high level of service with its multilingual team available 24/5 via live chat, email, and phone. This ensures that clients can receive prompt assistance with any inquiries or concerns.

IG also offers various deposit and withdrawal methods, such as credit cards, e-wallets, and bank transfers, making it convenient for clients to manage their funds. However, ZFX’s Interest Program, which allows clients to earn up to 9% interest, gives it an edge over IG in terms of added value.

The broker provides a vast range of educational resources, including webinars, articles, and market analysis, designed to cater to both beginners and experienced traders. While these resources are comprehensive, ZFX’s A-Z Academy and market outlook offerings provide more in-depth information and insights.

In terms of trading assets, IG offers a broad selection, including stocks, forex, and options, allowing traders to diversify their portfolios. However, ZFX’s focus on CFD trading and competitive spreads make it a more attractive option for clients seeking the best CFD broker in Malaysia.

Although IG is a top contender on the CFD brokers list and provides an extensive range of services and resources, it does not surpass ZFX as the best CFD broker in Malaysia. ZFX’s diverse account types, unique Interest Program, and comprehensive educational materials make it a more appealing choice for traders in the region.

Pros

• Regulated by reputable authorities such as FCA and ASIC
• Provides access to multiple trading platforms including MetaTrader 4
• Offers a wide range of tradable assets including forex, commodities, and cryptocurrencie
• Provides educational resources for traders of all levels
• Offers competitive spreads and commissions
• Provides fast and reliable deposit and withdrawal methods
• Offers excellent customer support

Cons

• Limited range of account types compared to other brokers
• Limited options for social trading
• Higher minimum deposit requirements compared to some other brokers

4. Exness

Established in 2008, Exness has made a name for itself among the top CFD brokers in Malaysia, offering a diverse range of trading options and a solid regulatory framework. While it holds a prominent position in the CFD brokers list, it does not outshine ZFX as the premier choice for Malaysian traders.

Exness provides an array of account types to cater to different traders’ needs, including Mini, Classic, and ECN accounts. The Mini account is an excellent choice for beginners due to its low minimum deposit requirement and user-friendly interface. In contrast, the Classic and ECN accounts offer more advanced features and tighter spreads, making them suitable for experienced traders. However, ZFX’s Cent, ECN, and STP account types offer more versatility and cater to an even broader clientele.

Regulated by the CySEC and FCA, Exness ensures a secure and transparent trading environment for its clients. This adherence to strict regulatory guidelines and legal requirements instills confidence in traders, as they can trust the broker to uphold high standards of operation.

Exness clients can access a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, which are widely regarded as the best CFD trading platforms. These platforms provide advanced trading tools and charting capabilities that cater to both beginners and experienced traders alike.

Exness offers an extensive range of trading assets, such as forex, stocks, and options. This enables traders to diversify their portfolios and explore various investment opportunities. However, ZFX’s focus on CFD trading and competitive spreads make it a more attractive option for clients seeking a CFD forex broker.

When it comes to customer support, Exness delivers efficient service through its multilingual team, available 24/7 via live chat, email, and phone. This ensures that clients can receive prompt assistance with any inquiries or concerns.

Exness provides clients with multiple deposit and withdrawal methods, including credit cards, e-wallets, and bank transfers, making managing their funds convenient. Additionally, Exness offers an instant withdrawal service for certain methods, adding another layer of convenience.

The broker also boasts a range of educational resources and market analysis tools, catering to both beginners and experienced traders. While these resources are comprehensive, ZFX’s A-Z Academy and market outlook offerings provide more in-depth information and insights.

Exness is a solid choice for Malaysian traders seeking a reliable CFD broker with diverse account types and a wide range of trading assets. However, ZFX’s focused approach to CFD trading, versatile account offerings, and Interest Program make it the best option for traders in the region.

Pros

• Regulated by reputable authorities such as FCA and CySEC
• Provides access to multiple trading platforms including MetaTrader 4 and 5
• Offers a wide range of tradable assets including forex, commodities, and cryptocurrencies
• Provides educational resources for traders of all levels
• Offers competitive spreads and commissions
• Provides fast and reliable deposit and withdrawal methods
• Offers excellent customer support

Cons

• Limited range of account types compared to other brokers
• Limited options for social trading
• Higher minimum deposit requirements compared to some other brokers

5. InstaForex

InstaForex, established in 2007, has built a strong reputation as a leading CFD broker in Malaysia. Although it has achieved significant success in the CFD trading market, it still falls short compared to the premier choice, ZFX.

InstaForex caters to a wide audience with multiple account types tailored to various trader preferences. The broker offers four primary accounts: Insta.Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica. The Insta.Standard and Cent.Standard accounts feature fixed spreads, while the Insta.Eurica and Cent.Eurica accounts offer zero spreads with a small fixed commission. The Cent accounts are ideal for beginners, as they allow trading with minimal risk, while the other accounts suit more experienced traders. ZFX provides greater versatility with its Cent, ECN, and STP account types.

The CySEC regulates InstaForex under strict guidelines, ensuring a secure trading environment. The company’s long-standing history and commitment to transparency have garnered trust and credibility in the market.

InstaForex clients can choose between the popular MetaTrader 4 and MetaTrader 5 platforms, known for their advanced trading tools and user-friendly interfaces. These platforms are widely recognized as the best CFD trading platforms, suitable for traders of all levels.

The broker offers a comprehensive range of trading assets, including forex, stocks, and commodities, allowing traders to diversify their portfolios. However, ZFX’s focus on CFD trading and competitive spreads give it an edge in the CFD forex broker market.

InstaForex provides reliable customer support through various channels, including live chat, phone, and email. The multilingual team ensures clients receive prompt and efficient assistance with queries.

The company offers multiple deposit and withdrawal methods, such as credit cards, e-wallets, and bank transfers, making it easy for clients to manage their funds. Additionally, InstaForex takes pride in its rapid processing times and minimal fees.

InstaForex boasts a wealth of educational resources, including articles, video tutorials, and webinars, catering to both beginners and experienced traders. Although the resources are valuable, ZFX’s A-Z Academy and market outlook provide more in-depth insights.

Special promotions, such as deposit bonuses and demo contests, are also part of InstaForex’s offerings, creating an attractive incentive for potential clients.

InstaForex is a commendable choice for Malaysian traders seeking a reliable CFD broker with diverse account types and a wide selection of trading assets. However, ZFX remains the top pick due to its focused approach to CFD trading, comprehensive account offerings, and unique Interest Program.

Pros

• Provides a wide range of trading instruments, including forex, stocks, and futures
• Offers a range of account types, including demo accounts for beginners
• Allows for commission-free trading on most assets
• Offers a variety of deposit and withdrawal methods, including credit/debit cards, e-wallets, and bank transfers
• Provides educational materials and resources for traders of all levels
• Offers a mobile app for trading on the go
• Regulated by multiple financial authorities, ensuring a safe and secure trading environment

Cons

• The minimum deposit required to open an account is relatively high
• The trading platform can be overwhelming for beginners
• Limited customer support options, with no live chat or phone support available
• The withdrawal process can be slow at times, taking several days to process

6. FBS

Established in 2009, FBS has earned a strong reputation as a notable CFD broker in Malaysia, although it hasn’t quite reached the heights of ZFX. Catering to a wide range of traders, FBS offers a selection of account types and services to suit various needs.

FBS presents five account types: Cent, Micro, Standard, Zero Spread, and ECN. The Cent and Micro accounts are ideal for beginners, with low minimum deposits and reduced risk exposure. The Standard account suits more experienced traders, offering competitive spreads and flexible trading conditions. The Zero Spread account features fixed zero spreads with a commission, while the ECN account provides the tightest spreads and direct market access for professional traders. ZFX remains the top choice with its Cent, ECN, and STP account types for the Malaysian market because this broker just misses some key aspects.

Regulated by CySEC and IFSC, FBS adheres to strict regulatory guidelines, ensuring a secure and transparent trading environment. The company’s dedication to providing quality services has led to a growing client base over the years.

FBS clients have access to both MetaTrader 4 and MetaTrader 5 platforms, which are widely recognized as the best CFD trading platforms in the industry. These platforms offer a range of advanced trading tools and intuitive interfaces, catering to traders of all skill levels.

In terms of trading assets, FBS covers a wide range, including forex, stocks, commodities, and indices. This diversity allows traders to build versatile portfolios. However, ZFX’s commitment to CFD trading and competitive spreads provides a more specialized trading experience.

Customer support is a priority for FBS, with a multilingual team available 24/7 via live chat, phone, and email. This ensures prompt and practical assistance for clients worldwide.

To accommodate clients ‘ preferences, FBS offers multiple deposit and withdrawal methods, such as credit cards, e-wallets, and bank transfers. The broker also boasts fast processing times and minimal fees.

The company provides an extensive library of educational resources, including webinars, video tutorials, and articles, suitable for both beginners and experienced traders. ZFX’s A-Z Academy, however, offers a more comprehensive learning experience.

FBS regularly promotes special offers, such as deposit bonuses and trading contests, creating an attractive environment for potential clients.

FBS stands out as a strong CFD broker in Malaysia, with diverse account types and an extensive range of trading assets. While it offers an impressive suite of services, ZFX still holds the crown as the top choice for Malaysian CFD traders, thanks to its focus on CFD trading and superior account offerings in terms of services and features.

Pros

• Provides access to multiple trading platforms, including MetaTrader 4 and 5
• Offers a variety of account types with varying spreads and commissions
• Provides educational resources for traders of all levels
• Regulated by reputable authorities such as CySEC and IFSC
• Offers a wide range of tradable assets, including forex, stocks, and cryptocurrencies
• Provides fast and reliable deposit and withdrawal methods
• Offers excellent customer support

Cons

• Limited options for social trading
• High minimum deposit requirements for some account types
• Limited range of commodities compared to other brokers

7. Capital.com

One of the best CFD brokers in Malaysia, Capital.com, has been steadily growing in popularity, although it still doesn’t quite measure up to ZFX. Established in 2016, this broker has focused on offering traders a secure and user-friendly trading environment.

When it comes to customer support, Capital.com takes pride in providing attentive assistance to its clients. The Plus and Premier account holders enjoy priority customer support, ensuring their needs are addressed promptly. They offer various communication channels, including live chat, email, and phone support.

Diving into the account types, Capital.com offers three options: Standard, Plus, and Premier. The Standard account is ideal for beginners, featuring essential trading tools and an easy-to-navigate interface. The Plus account, catering to more seasoned traders, boasts tighter spreads and faster customer support. Lastly, the Premier account, aimed at professional traders, provides the most competitive spreads and exclusive VIP services. Despite these offerings, ZFX remains the preferred choice in our opinion thus far.

As for the assets offered, Capital.com provides an extensive range of trading options, including stocks, forex, commodities, and cryptocurrencies. This diverse selection allows traders to diversify their portfolios and explore various markets.

Capital.com’s proprietary trading platform distinguishes it from other brokers. It boasts an intuitive interface, powerful charting tools, and advanced analytics, all tailored to enhance the trading experience. The broker also supports the popular MetaTrader platform, catering to traders who prefer using a familiar system.

The company is committed to ensuring a secure trading environment by adhering to strict regulatory standards. Capital.com is regulated by top-tier authorities like the CySEC and FCA, instilling confidence in its clients.

In terms of deposits and withdrawals, Capital.com supports various payment methods, such as credit cards, bank transfers, and e-wallets like Skrill and Neteller. This is similar to most of the brokers on our list.

As a broker, Capital.com also offers a range of educational resources and promotional offers. From webinars and video tutorials to market analysis and trading guides, these resources cater to both beginners and experienced traders.

While Capital.com offers a solid trading experience, it doesn’t quite surpass ZFX in the Malaysian market. Although it provides diverse account types, an intuitive platform, and strong customer support, ZFX’s comprehensive features and services still make it the top choice on the CFD brokers list.

Pros

• Offers a wide range of assets, including stocks, indices, commodities, and cryptocurrencies
• Provides a user-friendly platform with a range of educational materials for beginners
• Offers competitive spreads on most assets, with the option for zero spreads on some accounts
• Allows for commission-free trading on many assets
• Offers a range of deposit and withdrawal methods, including credit/debit cards and e-wallets
• Regulated by multiple financial authorities, ensuring a safe and secure trading environment
• Offers a mobile app for convenient trading on-the-go

Cons

• Limited range of account types, with only three options available
• Limited customer support options, with no live chat or phone support available
• The withdrawal process can be slow at times, taking several days to process

8. FP Markets

Established in 2005, FP Markets has built a reputation as a reliable CFD provider in Malaysia. Though it offers a robust trading experience, ZFX still outperforms FP Markets as the top choice among Malaysian traders.

FP Markets’ account types cater to various trading styles, with the Standard and ECN Raw accounts being the most popular. The Standard account features competitive spreads starting at 1 pip, while the ECN Raw account offers tighter spreads from 0 pips in exchange for a small commission. However, ZFX continues to lead the pack with its versatile account offerings, which include Cent, ECN, and STP accounts.

The company’s regulatory compliance is impressive, holding licenses from ASIC and CySEC. These regulations ensure a secure trading environment and foster confidence in FP Markets’ services.

In the realm of trading platforms, FP Markets supports the well-known MetaTrader 4 and MetaTrader 5 platforms alongside the advanced Iress trading platform. These options give traders the flexibility to choose a platform that suits their needs and preferences best.

FP Markets’ asset offerings cover an extensive range of markets, including forex, stocks, commodities, and cryptocurrencies. This variety allows traders to diversify their portfolios and explore different investment opportunities.

Customer support is critical to any broker’s services, and FP Markets excels in this area. They provide multilingual support through live chat, email, and phone, ensuring that client’s concerns are addressed promptly and effectively.

The broker’s deposit and withdrawal methods cater to a broad clientele, with options such as credit cards, bank transfers, and e-wallets like Skrill and Neteller. This flexibility facilitates smooth financial transactions for traders.

FP Markets recognizes the importance of educational resources for both beginners and experienced traders. They offer a comprehensive library of webinars, video tutorials, and market analysis to help clients make informed trading decisions.

Despite the numerous benefits offered by FP Markets, and while FP Markets provides diverse account types, exceptional customer support, and a wide range of assets, ZFX’s comprehensive services still come out on top in the competitive Malaysian market.

Pros

• Offers a wide range of assets, including forex, stocks, and cryptocurrencies
• Provides multiple account types with varying minimum deposits and spreads
• Regulated by reputable authorities such as ASIC and CySEC.
• Offers a variety of trading platforms, including MetaTrader 4 and 5
• Provides educational resources for beginners and experienced traders
• Offers fast and efficient deposit and withdrawal methods
• Provides excellent customer support

Cons

• Limited range of commodities compared to other brokers
• Limited options for social trading

9. RoboForex

Roboforex is a popular CFD broker in Malaysia that offers a wide range of financial instruments for trading. Regulations and Company History Roboforex is regulated by the International Financial Services Commission (IFSC) of Belize, which is a reputable financial regulatory body.

The broker has been in operation since 2009 and has established a strong presence in the forex trading industry. The company focuses on providing its clients with advanced trading technologies with a customer-centric approach.

Account Types and Spreads Roboforex offers several account types to its clients, including the Pro-Standard, Pro-Cent, and ECN-Pro accounts. The Pro-Standard account has a minimum deposit requirement of $10, while the Pro-Cent account has a minimum deposit of $10. The ECN-Pro account, on the other hand, has a minimum deposit requirement of $1,000. Spreads vary depending on the account type, with the Pro-Standard account having spreads as low as 1.3 pips, the Pro-Cent account having spreads as low as 1.5 pips, and the ECN-Pro account having spreads as low as 0 pips.

Platforms and Assets Roboforex provides its clients with several trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms and its proprietary R Trader platform. The broker also offers a wide range of financial instruments for trading, including forex, stocks, indices, commodities, and cryptocurrencies.

Customer Support and Resources Roboforex has a 24/7 customer support team that can be reached via live chat, email, or phone. The broker also provides its clients a range of educational resources, including video tutorials, webinars, and trading guides. Additionally, the broker has a social trading platform that allows traders to follow and copy the trades of other successful traders.

Deposit and Withdrawal Methods Roboforex provides its clients with a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. Deposits are processed instantly, while withdrawals can take up to 3-5 business days to process, depending on the withdrawal method.

Special Offers Roboforex provides its clients with several special offers, including a welcome bonus of up to 120%, a deposit bonus of up to 50%, and a cashback program that can earn traders up to 15% of their trading volume.

Overall, Roboforex is a good CFD broker that provides its clients with a range of advanced trading technologies and educational resources. However, it’s not the best broker out there, as ZFX takes that title. If you’re looking for a CFD broker in Malaysia, we recommend that you check out ZFX, as it provides a better overall trading experience.

Pros

• Offers a wide range of assets, including forex, stocks, and cryptocurrencies
• Provides multiple account types with varying minimum deposits and spreads
• Regulated by reputable authorities such as IFSC and CySEC
• Offers a variety of trading platforms, including MetaTrader 4 and 5
• Provides educational resources for beginners and experienced traders
• Offers fast and efficient deposit and withdrawal methods
• Provides excellent customer support

Cons

• Limited options for social trading.
• Limited range of commodities compared to other brokers

10. AXI

AXI is a well-known CFD broker that operates in Malaysia. While not as good as ZFX, it is still considered one of Malaysia’s best CFD brokers due to its trading options. One of the major selling points of AXI is the different account types it offers to its clients. The company offers two main types of accounts: Standard and Pro. The Standard account is suitable for beginners as it has low spreads, while the Pro account is suitable for more advanced traders who require tighter spreads.

In terms of spreads, AXI is competitive in the market, with the EUR/USD currency pair having an average spread of 1.1 pips on the Standard account and 0.0 pips on the Pro account. However, it should be noted that ZFX offers better spreads on their accounts.

AXI is regulated by the Financial Conduct Authority (FCA) and has a history of providing reliable and trustworthy services to its clients. The company has been operating since 2007, and in that time, it has established a good reputation in the market.

AXI offers the popular MetaTrader 4 and 5 platforms to its clients. These platforms are known for their user-friendly interface, advanced charting tools, and fast execution speeds. In addition, AXI provides a wide range of assets for traders to choose from, including forex, stocks, indices, and commodities.

Customer support is another area where AXI excels. The company provides 24/5 customer support through email, phone, and live chat. The support team is responsive and helpful, ensuring that any issues are resolved quickly and efficiently.

When it comes to deposit and withdrawal methods, AXI offers a range of options, including bank transfer, credit/debit card, and online payment services. Withdrawals are processed quickly, usually within 24 hours.

AXI caters to both beginners and experienced traders, offering a range of resources and educational materials on its website. The company also offers a demo account, which allows new traders to practice trading in a risk-free environment.

Overall, AXI is a reliable and reputable CFD broker that provides a range of trading options and account types. While not as good as ZFX, it is still a solid option for traders looking for a trustworthy and well-regulated broker in Malaysia.

Pros

• Regulated by reputable authorities such as ASIC and FCA.
• Provides access to multiple trading platforms, including MetaTrader 4 and 5
• Offers a wide range of tradable assets, including forex, commodities, and cryptocurrencies
• Provides educational resources for traders of all levels
• Offers competitive spreads and commission rates
• Provides fast and reliable deposit and withdrawal methods
• Offers excellent customer support

Cons

• Minimum deposit requirements may be high for some traders.
• Limited options for social trading.
• Limited range of account types compared to other brokers.

How To Start CFD Trading in Malaysia?

If you’re interested in CFD trading, you may find it to be an exciting and profitable way to invest your money. Choosing the right broker that suits your needs is important, whether you’re looking for specific account types, regulations, or tradable assets. Luckily, you can access some of the top CFD trading brokers in Malaysia.

To help you get started, we’ve put together a tutorial on how to register for CFD trading with these brokers. For our example, we’ve chosen ZFX, as their registration process is one of the quickest, easiest, and most user-friendly experiences we’ve encountered.

1. Open an Account

To register with ZFX, one of Malaysia’s top CFD trading brokers, simply visit their website and click on the “open an account” button in the top header. Unlike some other brokers, ZFX has a consistent website layout across regions to avoid confusion.

On the registration page, you’ll be asked to provide personal details such as your title, last name, country, phone number, and password. You’ll also need to choose between a “live” or “demo” account. After entering your details, ZFX will send an OTP to your phone, which you’ll need to input on the next page.

If you choose to open a live account, you’ll be asked to select an account type that’s available in your region. For example, clients in Malaysia can choose from Standard STP, ECN, and Cent accounts. You may be offered different account types, like Pro and Premier, depending on your location.

Once you’ve completed the registration process, ZFX will prompt you to download MT4 and provide you with all your account details. Be sure to save this information, as you’ll need it to sign in to MT4 and access your client area on MyZFX. With just a few clicks, you’ll be ready to start trading CFDs with ZFX.

2. Make your First Deposit

Once you’ve opened a live account with ZFX, you’ll need to deposit funds if you want to start trading. To do this, simply click on the “make a deposit” button in your MyZFX dashboard, which will take you to the deposit funds section.

ZFX offers several methods for adding funds to your account, including credit/debit cards, bank transfers, and e-wallets. Keep in mind that different deposit methods have specific minimum deposit amounts, so be sure to check these before making your deposit.

When you’re ready to add funds, simply fill in the necessary information regarding your chosen payment method and click on the “confirm” deposit button. This will take you to a secure payment gateway where you can complete your transaction.

With these simple steps, you’ll be ready to start trading CFDs with ZFX using your deposited funds.

3. Verify your account

While it’s possible to make deposits and start trading with ZFX without verifying your account, we highly recommend doing so. This involves uploading the appropriate documents to your MyZFX account area to confirm your identity and ensure compliance with regulatory requirements.

Verification is necessary for making withdrawals, so it’s important not to skip this step. Uploading your documents is a simple process that can be done by following the instructions provided in the MyZFX area. To make it easier for you, ZFX provides a screenshot to help you understand the process.

4. Start Trading

After depositing funds into your live account with ZFX, you’ll need to download and install MT4 on your computer to start trading CFDs. Once you’ve loaded up MT4, you’ll be prompted to enter server information, which can be found in the MyZFX area.

Next, select the account you want to trade with, whether live or demo, depending on what you registered for. Once you’ve selected your account, MT4 will connect to the servers, and you’ll be able to access all the trading charts and assets available on the platform.

With full access to the markets, you can start opening live positions on the markets, taking advantage of opportunities as they arise. ZFX’s user-friendly MT4 interface makes it easy to keep track of your trades and monitor your performance over time.

Advantages and Disadvantages of CFD Trading in Malaysia?

Advantages

• Leverage: CFD trading allows traders to access a larger position than they could with traditional trading by offering leverage. This means traders can make bigger trades with less capital upfront.
• Diversification: CFD trading allows traders to access a wide range of markets and instruments, which can help diversify their portfolios and spread risk.
• Hedging: CFD trading allows traders to take a position that will offset potential losses in another position, making it a useful tool for hedging.
• Short-selling: CFD trading allows traders to profit from falling prices by short-selling, which is not possible in traditional trading.
• Low costs: CFD trading typically has lower fees and commissions compared to traditional trading, making it more cost-effective for traders.
• Easy access: CFD trading can be done online and is accessible to anyone with an internet connection and a trading account, making it convenient and accessible.
• Trading Flexibility: CFD trading allows traders to take positions on a range of timeframes, from short-term to long-term, giving them greater flexibility in their trading strategies.
• Real-time trading: CFD trading allows traders to execute trades in real-time, which means they can respond to market movements quickly and take advantage of opportunities as they arise.
• No stamp duty: CFD trading is exempt from stamp duty, which can be significant cost savings for traders.
• Education and resources: Many CFD brokers offer education and resources to help traders learn and improve their trading skills, which can be a valuable resource for new traders.

Disadvantages

• High risk: CFD trading is a high-risk form of trading, as leverage can magnify both gains and losses, leading to significant losses if not managed properly.
• Volatility: CFD trading is subject to market volatility, which can lead to sudden and significant price movements that can result in losses for traders.
• Complexity: CFD trading can be complex, especially for new traders, as it involves multiple markets and instruments, as well as a range of trading strategies and techniques.
• Counterparty risk: CFD trading is conducted through a broker, and there is a risk that the broker may not be able to fulfill its obligations, leading to losses for traders.
• Overnight funding charges: CFD trading may incur overnight funding charges, which can be a high cost for traders who hold positions for an extended period.
• Limited regulation: CFD trading is not as tightly regulated as traditional trading, which can increase the risk of fraud or other unethical practices by brokers.
• Market restrictions: CFD trading may be subject to market restrictions, such as limits on leverage or short-selling, which can impact the profitability of trading strategies.
• Limited transparency: CFD trading may not offer the same level of transparency as traditional trading, making it difficult for traders to understand the risks and costs involved fully.
• Psychological challenges: CFD trading can be emotionally challenging, as traders may experience stress, anxiety, and other psychological issues when dealing with high-risk trades and losses.
• Addiction: CFD trading can be addictive, and some traders may struggle to control their behavior, leading to financial and personal problems.

Bottom Line

Based on our analysis of the top CFD brokers in Malaysia, ZFX stands out as the best option for traders. While other brokers like FP Markets, IG, and Exness offer competitive spreads and a range of trading platforms, ZFX sets itself apart with its low spreads, easy-to-use platform, and robust regulation.

With a wide range of account types to choose from, ZFX caters to traders of all levels, including beginners. The broker offers excellent customer support, a variety of deposit and withdrawal options, and a range of trading resources and educational materials to help traders make informed decisions.

Overall, ZFX’s competitive spreads, excellent customer support, and strong regulation make it the top choice for CFD traders in Malaysia.

FAQs