Best Forex Proprietary Trading Companies in Malaysia
Best Forex prop firm in Malaysia is Topstep
Top Forex prop firms in Malaysia:
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Topstep - for unlimited time for prop traders to hit their profit targets
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Fidelcrest - up to $1 million funding size with leverage up to 1:100
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SurgeTrader - with up to $1 million funding size and 75% profit split
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Earn2Trade - Trader Career Path with up to $150k of funding and 80% profit split
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FTMO - Scaling Plan allows traders to enhance the Profit Split in their favor up to 90:10 with account sizes up to $2 million
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The5ers - each funded trading account is a live, real-money funded trading account
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5.7
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5.28
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6.68
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This article explores the top prop trading options available for Malaysian traders. It provides an overview of 5 highly reputable prop firms that are open to residents in Malaysia. Each prop firm is evaluated based on key factors such as available account sizes, profit split structures, required qualification process and more.
In addition to ranking the best prop trading firms, this article also addresses common questions for Malaysian traders considering this path. It discusses whether international prop firms are legitimate to work with locally. It also offers tips on choosing a suitable prop trading account and understanding the associated fees.
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How do I get started in prop trading?
Most firms require traders to pass rigorous testing phases known as challenges to prove their skills before being approved for funded accounts. It's best to have 6-12 months experience day trading first.
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How do I choose the right prop firm?
Consider factors like regulation, account sizes, instruments, reputation, profit splits, customer service, education resources and ease of funding qualification process.
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What are the fees involved in prop trading?
Fees vary by firm but generally range from $75-500 to participate in testing phases. There may also be monthly subscription fees if using a firm's live accounts/technology. Losing testing fees must be weighed against potential benefits.
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Is it possible to work with prop firms part-time?
Yes, some traders balance prop trading with part-time schedules by starting small and proving they can meet firms' rules and targets consistently before scaling up.
Is Forex prop trading a good idea in Malaysia?
Forex prop trading, also known as proprietary trading, refers to the practice of trading financial instruments using a firm's capital rather than personal funds. In Malaysia, prop trading programs offer both advantages and disadvantages for aspiring traders.
One of the main benefits of forex prop trading is the opportunity to trade with no risk to your capital. Forex prop trading allows you to gain valuable experience and exposure without the financial risks associated with using your funds.
Moreover, many prop trading firms operating in Malaysia are reputable international players. Their presence in the global financial markets enhances their credibility and provides traders with access to advanced trading technologies, market insights, and educational resources.
However, it's important to consider the potential drawbacks of forex prop trading in Malaysia. One of the challenges is the difficulty in qualifying for these programs. Prop trading firms often have stringent requirements and criteria like, proven track record, a certain level of trading experience, that traders must meet to be eligible for their funding.
Additionally, prop trading firms typically impose strict rules and guidelines on traders. These standards are in effect to maintain legal compliance, management of risks, and as well as the integrity of the trading process.
Forex prop trading in Malaysia offers the potential for traders to gain experience, showcase their skills, and receive funding from well-established international firms. By weighing the pros and cons, individuals can make informed decisions about whether forex prop trading is a suitable avenue for their trading aspirations in Malaysia.
Top 6 prop trading accounts for Malaysians
If you are a Malaysian trader looking for prop trading accounts, we have compiled a list of the top 5 options available to you. These prop trading accounts have been carefully selected based on their features, regulations, and advantages for Malaysian residents.
1 Topstep
Topstep is an international proprietary trading company registered in the USA. The company has been providing financial services since 2012 and offers exclusive trading terms for clients from different countries. Topstep provides financing of real trading accounts of its clients if they prove the skill to make trades and manage risks on a simulation account. Traders can trade CME Group futures and currency pairs. Trading on real accounts is carried out through the ECN broker Equiti Capital.
2 Fidelcrest
Fidelcrest offers 13 accounts to suit different types of traders, providing access to more than 1,000 financial instruments. Known for its robust training programs and exceptional support services, the prop firm offers profit splits of up to 90%.
There are two main accounts available at Fidelcrest, Micro Trader and Pro Trader, both of which offer Normal and Aggressive settings. Each risk type is funded at three different levels.
Depending on the risk type, the Micro account has funding between $25,000 and $50,000. A difference between the two lies in the profit targets, the minimum number of trading days, and the maximum loss limits. Micro Trader, for example, has a maximum overall loss limit of 10% and a profit target of 5%. There is a maximum loss of 20% with Aggressive risk, and a maximum profit target of 15%.
Currently, ProTrader accounts are funded between $150,000 and $1 million, of which $1 million is only available for Normal Risk accounts. Both accounts can be leveraged up to 1:100.
Each account type is evaluated in two steps, depending on the minimum number of trading days, maximum daily loss limit, and maximum overall loss limit. The KYC program at Fidelcrest requires that you submit documents in addition to meeting the trading parameters.
The fees for different types of accounts and risk levels vary. It costs between $104 and $474 to open a Micro Normal risk account. The prices for Micro Aggressive accounts range from $157 to $579, while those for ProTrader accounts range from $685 to $2,848.
How does Fidelcrest Challenge Work?3 SurgeTrader
SurgeTrader offers 75% profit splits to funded traders who meet their trading criteria. It's the perfect prop firm to diversify your investment portfolio with a variety of tradeable assets. SurgeTrader has only one phase of evaluation, unlike many other prop firm trading entities. Traders of all skill levels can choose from six packages. With its Starter Package, you get $25,000 in instant funding and a 10% profit target. There’s a maximum trailing drawdown of 5%. The Starter Package is ideal for beginners who want to avoid aggressive accounts. With a $1 million funding size and 75% profit split, the Master Package is the highest-tier account. A 10% target is set, along with a four-percent daily loss limit and a five-percent maximum trailing drawdown. If you have a lot of confidence in your abilities, this package may be for you.
Additionally, this prop firm offers a wide variety of tradable securities, including crypto and gold, as well as popular stock indices. It’s possible to leverage up to 1:10.
A top proprietary trading firm, SurgeTrader requires all of its clients to undergo evaluations. You need to pass only one phase of the SurgeTrader Audition process. It’s not necessary to earn over 10% of your account balance in order to pass the audition.
Audition fees range from $200 to $6,500 per account. There’s no limit to how many times you can take the audition. You can use credit/debit cards and PayPal to make payments and withdrawals.
Is Surge Trader safe?4 Earn2Trade
Earn2Trade provides three distinctly funded trading programs. The Gauntlet Program, The Gauntlet Mini, and the all-new Trader Career Path are all available.
A one-time payment is required for the Gauntlet program. Traders manage a $25,000 virtual account for 60 days, during which they must trade at least 30 calendar days and once every week. If they follow the guidelines and meet the 10% profit target, successful candidates will receive a guaranteed funding offer from Helios Trading Partners or Appius Trading.
Topstep Futures and Topstep Forex are similar programs to the Gauntlet Mini. Traders pay a monthly fee and must follow the guidelines. The monthly fee includes trading classes, webinars, and access to Journalytix (TM). Traders will then receive an offer for a funded trading account.
Earn2Trade's newest program is the Trader Career Path. Traders begin with a $25,000 virtual capital account and are funded with a $25,000 account if they pass the Evaluation. After the Evaluation, traders can develop their trading careers and handle assets worth up to $200,000 without paying a monthly subscription fee.
Earn2Trade has the largest variety of trading platforms to choose from, coming close to 20 options. NinjaTrader and Finamark, R|Trader, and Overcharts are the most common, however, Agena Trader, MultiCharts, and many other platforms are also supported.
The Earn2Trade Trader Career Path costs $150 per month with a starting capital of $25,000. The Gauntlet Mini program offers five account sizes (25k for $150, 50k for $170, $75k for $245, $100k for $315k, and $150k for $350 each month).
Finally, the conventional Gauntlet challenge is offered for a one-time fee of $343.2. Earn2Trade accounts do not have free trials, but discounts of 20%-40% are available below. Traders earn 80% of all the profits they make off the capital received.
5 FTMO
To qualify for a funded trading account at FTMO, you must go through a rigorous three-step process:
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Enter the FTMO Challenge, where you must meet the profit targets within 30 days.
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Begin the 60-day Verification Procedure, during which you must demonstrate that you can repeat your FTMO Challenge success.
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After completing the two-step review procedure with the FTMO Challenge and Verification, you will be contacted by FTMO with an offer to trade their capital on accounts ranging from $10,000 to $400,000.
A great fact to note is that FTMO’s stronghold is its currencies. This is the best place to consider a forex funded account, if you enjoy trading currencies. You can trade 44 currency pairs as well as 10 cryptocurrencies. Furthermore, cash indices, commodities, and stock CFDs are available for trading.
The free versions of the three most popular forex trading platforms, MetaTrader 4, MetaTrader 5, and cTrader, are accessible.
The fee is paid once per FTMO Challenge. While the funded account currency might be USD, GBP, EUR, CZK, CAD, AUD, or CHF, the challenge fee is exclusively charged in Euro. The participation price for the 10k account begins at 155 EUR. The 25k is 250 EUR, the 50k is 345 EUR, the 100k is 540 EUR, and the 200k is 1,080 EUR. Traders receive capital ranging from $10,000 to $400,000 and an 80/20 split on profits. Whatever the profit a trader earns on the capital given, they will receive 80% of it.
In addition to that, there is a Scaling Plan for funded accounts that allows traders to enhance the Profit Split in their favor up to 90:10 with account sizes up to $2,000,000.
6 The5ers
The 5%ers are known for their unique ways of handling forex funded accounts. These methods may be beneficial to traders who would like to try something different.
The 5%ers take a completely different path from the other apps on this list. Each funded trading account is a live, real-money funded trading account funded by The5ers and tradeable by subscribers.
All forex majors such as EUR/USD, USD/CHF, and key cross-currency pairs such as AUD/CAD and GBP/JPY are tradable assets. Each trader must complete the Level 1 Program with a profit target ranging from 10% to 25%.
The Level 1 Program will be closed once the profit target has been archived by trading according to the guidelines. Profit will be distributed in accordance with the profit split, and a new trading account on the next higher financing level will be established with you as a Portfolio Manager Partner. The entry cost ranges from $275 to $875. The 5%ers offer a 50/50 split on profits.
Are international prop trading firms legit in Malaysia?
One common question that arises when considering international prop trading firms in Malaysia is whether these firms are legitimate and authorized to operate within the country. While it may not be explicitly forbidden for international prop trading firms to operate in Malaysia, it is essential to assess their legitimacy and ensure they comply with relevant regulations.
When evaluating the legitimacy of international prop trading firms in Malaysia, there are several factors to consider. First and foremost, it is crucial to check whether the firm is regulated by reputable financial authorities in their home country. Regulation adds a layer of oversight and ensures that the firm operates following established industry standards and guidelines.
Additionally, it is advisable to research the reputation and track record of the prop trading firm. Look for reviews and feedback from other traders to gauge their experiences and satisfaction with the firm's services.
Furthermore, it is advised to confirm the firm's adherence to Malaysian laws and regulations. While it may not be mandatory for international prop trading firms to be licensed specifically in Malaysia, they should still abide by the applicable legal requirements when offering their services to Malaysian residents.
Ultimately, when considering international prop trading firms, it is crucial to exercise due diligence and conduct thorough research. Seek out firms with a solid reputation, regulatory oversight, and a track record of providing transparent and reliable services.
How to Become a Prop Trader? A guide for beginnersHow to choose a prop trading account in Malaysia?
Choosing the right prop trading account in Malaysia is crucial for your trading success. Here are five essential tips to consider when selecting a prop trading account:
Regulation and Security. Ensure that the prop trading account is regulated by a reputable financial authority like Securities Commission Malaysia (SCM) or other recognized international regulators. Additionally, check for security measures such as encryption protocols and segregated client funds to safeguard your capital.
Trading Style. Consider your trading style and preferences when selecting a prop trading account. Different prop firms may have varying trading strategies, risk management approaches, and available trading instruments. Align your trading style with the firm that offers suitable trading opportunities and supports your preferred approach.
Range of Instruments. Consider the range of instruments available for trading. Look for a prop trading account that offers a diverse selection of currency pairs, commodities, indices, and other financial instruments to diversify your trading strategy.
Reputation. The reputation of the prop trading firm is of utmost importance. Research the firm's track record, customer reviews, and overall reputation in the industry. Look for a company with a strong reputation for openness, dependability, and fair business practices.
Customer Support. Assess the level of customer support provided by the prop trading account. A trustworthy customer support team can help you with any account-related questions or technical concerns that may arise during your trading adventure.
By considering these key factors, you can make an informed decision when choosing a prop trading account in Malaysia.
Is prop trading in Malaysia free?
Prop trading in Malaysia offers an opportunity to attract funds and trade with larger capital. However, it's important to understand that while you can attract funds through prop trading, there are usually subscription fees involved. Usually it ranges from $75 to $500.
Proprietary trading firms typically have specific requirements and rules that traders must adhere to. These firms provide traders with the opportunity to access their capital and trade on behalf of the firm. In return, the traders share a portion of their profits with the firm. This profit-sharing arrangement allows traders to access larger trading capital and potentially increase their earning potential.
In terms of fees, prop trading firms often charge a subscription fee to cover administrative costs and provide access to their proprietary trading platforms and resources. The subscription fees can vary depending on the firm and the services they offer. It is important to carefully review and understand the fee structure of each prop trading firm before joining.
While prop trading in Malaysia is not completely free, the potential benefits of accessing larger capital and resources can outweigh the subscription fees. Traders should weigh the costs and benefits, considering factors such as the firm's reputation, trading conditions, and support services, to make an informed decision.
Methodology for compiling our ratings of prop firms
Traders Union applies a rigorous methodology to evaluate prop companies using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
Trader Testimonials and Reviews. Collecting and analyzing feedback from existing and past traders to understand their experiences with the firm.
Trading instruments. Companies are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Challenges and Evaluation Process. Analyzing the firm's challenge system, account types, evaluation criteria, and the process for granting funding.
Profit Split. Reviewing the profit split structure and terms, scaling plans, and how the firm handles profit distributions.
Trading Conditions. Examining leverage, execution speeds, commissions, and other trading costs associated with the firm.
Platform and Technology. Assessing the firm's proprietary trading platform or third-party platforms it supports, including ease of use, functionality, and stability.
Education and Support. Quality and availability of training materials, webinars, and one-on-one coaching.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).