Best cTrader Brokers in Malaysia for 2024 - TOP 5

What is cTrader?

cTrader provides a range of features and tools that simplify trading, making it accessible, to both newcomers and experienced traders. Whether you're involved in stock trading, forex, commodities, or cryptocurrencies, cTrader offers a user interface and functions that ensure successful trade execution.

To get started with trading on the cTrader platform you have three options:

How to Compare cTrader Brokers in Malaysia?

When comparing cTrader brokers in Malaysia there are important factors to consider in order to select the best one. Here are some key aspects to keep in mind;

1. Regulatory Compliance: It's crucial to check the status of cTrader brokers you're comparing. Look for brokers that are regulated by authorities like the Malaysian Securities Commission (SC).

2. Trading Conditions: Compare the trading conditions provided by cTrader brokers in Malaysia. These conditions include spreads, commissions, leverage, and minimum deposit requirements. Seek out brokers that offer rates and flexible trading options that align with your strategy. Pay attention to spreads as they can significantly impact your profitability.

3. Additional Income Opportunities: Some cTrader brokers in Malaysia offer features like copy trading or PAMM (Percentage Allocation Management Module) accounts. These features allow you to automatically replicate trades from traders or invest in managed accounts respectively.

4. Take into account the tools and resources provided by the cTrader brokers on your list. These resources can be beneficial especially if you're new, to trading and want to learn more or make informed decisions.

5. Consider how easy it is to use and navigate the platforms offered by cTrader brokers when comparing them. Look for brokers that have a user interface and provide a trading experience across various platforms, like cTrader Download, cTrader Web, and cTrader Mobile. It's crucial that the trading platform feels intuitive and effortless to use as it greatly impacts your trading experience.

TU Expert Review for the best cTrader Brokers in Malaysia

Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.

His opinion as for the best cTrader Brokers in Malaysia is posted below.

FTMO - TU Expert Review

FTMO is a managing prop firm operating on the principle of a prop company. To receive money under management, a potential trader must successfully complete a two-stage active trading test. At each stage, requirements are set for the maximum allowable daily loss, total loss, and target profit level. The prop firm’s conditions are relatively loyal, but still, they can be difficult to successfully navigate. Regardless of the chosen testing package, the limits are 10% of the total loss. For comparison: other prop companies have allowable drawdowns of 15-20%. Despite the strict requirements for the test period, FTMO has a relatively low test cost beginning at €155. By comparison, in most companies in this sector, the entrance fee for passing the test is from €400-500. Another advantage is the availability of standard MT4/MT5 platforms and mobile app. Most other prop companies have their own or adapted platforms, while FTMO has standard platforms. This allows you to work with any custom indicators and advisors previously honed in the MetaTrader tester. My impression of FTMO remains positive. But after studying the conditions, it is clear that without trading experience, it makes no sense to try your hand at the test. Testing conditions are favorable for those who have worked previously with a demo account and are good at risk management. However, you can also gain experience on the company’s platform itself. There is a free version of the test that fully corresponds to the paid test.

FxPro - TU Expert Review

FxPro is one of the brokers that successfully combines marketing policy and technological development. The company has been in the market for more than 17 years and has been able to maximize its technical potential. Average order execution is up to 14-30 ms, while the market average is 100-150 ms. Average spreads for the EUR/USD pair range from 0.3 to 0.8 pips, and expansion at moments of fundamental volatility does not exceed 30-50%. You can check these numbers by installing a script for MT4/MT5. But there are no doubts that they are true. This is largely thanks to such liquidity providers as Barclays, Citibank, and RBS banks, which are FxPro's longtime partners. Trading conditions are ideal for everyone, regardless of experience level. Novice traders can improve their skills on demo accounts, which can be opened for any trading platform (cTrader, MT4/MT5, or FxPro Edge). All platforms, except FxPro Edge, support custom indicators, scripts, and Expert Advisors. There are auxiliary tools in the user account such as market sentiment, which is an indicator displaying the current position volumes and their number in both directions, volatility of currency pairs, analytics and tools of Trading Central, and news feed with streaming information. The number of payment methods is limited, but this is required by regulators. To compensate for this, FxPro guarantees instant processing of withdrawal requests and quick crediting of money. First impressions of the broker are positive, therefore it is rightfully included in the rating of the TU Top best companies. Check it out by opening a free demo account.

IC Markets - TU Expert Review

IC Markets has many years of experience in financial markets. It was incorporated in 2007 and provides its services in strict accordance with regulatory requirements so as not to lose its licenses and client trust. The broker constantly improves its services, ensuring software technical stability, a high level of data protection, and favorable trading conditions. IC Markets has been in Traders Union's top 20 Forex brokers for many years and is a constant partner. TU can recommend IC Markets to traders with different backgrounds, who use both short- and mid-term strategies, as well as expert advisors and custom indicators. The important advantage of IC Markets over other brokers is diversity. The company offers plenty of trading instruments: 60+ currency pairs, CFDs on futures, indices, commodities, metals, 2,100+ stocks (Nvidia stock, Apple stock, Google stock, Tesla stock etc.), bonds, cryptocurrencies. A wide range of account types, and a good choice of platforms for active and social trading. Other IC Markets advantages are three regulatory licenses, membership in the Financial Commission, and participation in several compensation schemes.

XM Group - TU Expert Review

XM Broker can be safely recommended to those who are interested in professional trading with high order processing speed and optimal level of commission. The first thing worth noting is that it has licenses of four leading regulators in the world simultaneously. These are ASIC (Australia, ACN:164 367 113), FSC (Belize, 000261/397), CySEC (Cyprus, 120/10), DFSA (UAE, F003484). The second moment is the types of accounts. The broker guarantees the same quality of execution for all types of accounts, which means a minimum of requotes, slippages and instant overlap of orders with counterparty counter transactions. The level of leverage complies with the European standards (including the MiFID directive that all CySEC licensees work in accordance with). There is an average market spread. The maximum leverage for clients registered under the EU regulated entity of the XM Group is 30:1. Attractive trading conditions for novice traders are also worth noting. The minimum deposit is 5 US dollars; there are cent (micro) accounts with a lot equal to 1,000 units. Thanks to its elaborated service and high-tech platforms, XM Broker is rightfully one of the best companies in the Traders Union rating.

HFM - TU Expert Review

HotForex is now known as HF Markets, and refers to itself on its website as HFM (the website address is HFM.com). The name change may simply be due to the fact that HFM offers multi-market access, that it isn’t just limited to trading the forex market. Still, it can be a little confusing, as the company is still listed as HotForex on some websites. A primary draw at HotForex is the multi-market exposure it offers. About three dozen cryptocurrencies are available to trade. That’s in contrast to many forex brokers that only offer trading in a handful of cryptos. In addition to about 75 of the most widely traded stocks, HotForex clients also have exposure to approximately 30 ETFs and about a dozen market indexes. Bond trading is severely limited – only the Euro Bund, the UK Gilt, and the US 10-year Treasury Note. Here are three things I like about HotForex:     1. Choice of Spread or Commission Fees - A choice of spread-fees-only or commission-fees-only accounts; Commission fees are on the low end of industry averages, at $6 per standard forex lot round turn trade.     2. Tier 1 Regulated - Security for traders is enhanced by the fact that HotForex is regulated by multiple Tier 1 financial regulators, including the UK’s Financial Conduct Authority (FCA).     3. Strong Trader Education - HotForex provides beginning traders with extensive trader education resources, including video tutorials, webinars, and a full forex trading course; It also gives clients daily fundamental and technical market analysis reports.