Many traders in Malaysia use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Futures Trading App in Malaysia for 2024, based on our assessments.
FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.
eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.
Admirals is a suitable broker for both beginner traders as well as professional traders.
The Just2Trade broker offers a wide range of trading instruments and provides professional support. Trading terms are suitable for both beginners and professionals.
Capital Street FX is rather a broker for professional traders, because competitive spreads from 0.1 pips are available only if you deposit USD 10,000 to your account.
1
Best Futures Apps in Malaysia - FBS
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
👍 Advantages of trading with FBS for traders in Malaysia:
•negative balance protection;
•a large selection of trading instruments;
•the support service works 24/7.
👎 Disadvantages of FBS for traders in Malaysia:
•no cryptocurrency;
•auto copying is not available;
•no PAMM accounts;
•not suitable for short-term trading, such as scalping;
•the support service works in a limited number of languages;
•only two real accounts.
2
Best Futures Apps in Malaysia - eToro
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders in Malaysia:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders in Malaysia:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
3
Best Futures Apps in Malaysia - Admirals
Admirals was founded in 2001. In more than 20 years of operation, a regional Estonian broker has grown into an international financial group of companies providing access to over-the-counter markets in more than 130 countries, as well as to exchange-traded stock instruments. Following the 2021 rebranding, Admirals became Admirals. The updated platform received new integrated risk management solutions.
The Admirals group of companies comprises:
-
Admirals AU Pty Ltd.
-
Admirals UK Ltd.
-
Admirals Cyprus Ltd.
-
Admirals AS Jordan Ltd.
Regulators of the Admirals group of companies include FCA (UK, 595450), CySEC (Cyprus, 201/13), ASIC (Australia, 410681), JSC (Jordan, 57026), and CIPC (South Africa, 2019 / 620981 / 07).
👍 Advantages of trading with Admirals for traders in Malaysia:
•5,000+ trading assets, with stock assets trading on exchange markets available.
•The company’s proprietary social trading platform (copy trading).
•Relatively tight spreads on most assets.
•The company’s own Supreme Edition plug-in for MT4 and MT5, which expands their technical and chart functionality.
•FCA and CySec licenses, which are the most reputable regulators.
•Compensation fund with insurance coverage of up to €20,000 per trader.
•Relatively low initial deposit that provides for opening trades within risk management subject to leverage.
👎 Disadvantages of Admirals for traders in Malaysia:
•Restrictions on leverage for retail traders without the “professional” status as required by regulators.
•Withdrawal fee is charged.
4
Best Futures Apps in Malaysia - Just2Trade
The Just2Trade broker is a subsidiary of Finam Holdings, a Russian financial services company. Its business is controlled by a top Russian brokerage company and regulated not only by the Cyprus Securities and Exchange Commission (CySEC, 281/15), but also by the Federal Commission on Securities Market (FCSM) of Russia.
The company has been operating since 2006. Finam’s high ratings and resources enable it to develop its brokerage activity. Business priorities include the implementation of innovative technological solutions and the expansion of a team of professional analysts, risk managers, and financial engineers that develop strategies, as well as offer consultations and trust management of investors’ capital.
👍 Advantages of trading with Just2Trade for traders in Malaysia:
•single multi-market accounts (MMAs) that provide access to global exchanges and over-the-counter markets through Transaq MMA and TradeX platforms;
•support for novice traders at a full-fledged education center;
•accounts with special terms of negative balance protection and no brokerage fee;
•professional consulting service and trust management of capital for clients who are planning to invest large amounts.
👎 Disadvantages of Just2Trade for traders in Malaysia:
•access to a user account is granted only after you open a trading account and get verified, which complicates getting familiar with the broker;
•no search bar on the website;
•declared tight spreads are, in fact, floating and tend to widen;
•detailed regulations and documents are in English only;
•compared to its competitors, the minimum deposit is high: $100, $200, or $100,000;
•no Islamic swap-free accounts;
•paid account maintenance.
5
Best Futures Apps in Malaysia - Capital Street FX
The company was established in 2002. Capital Street Intermarkets Limited is authorized and regulated by the Financial Services Commission, Mauritius. The company offers its customers an extensive list of financial services ranging from Capital Market Execution to Private Banking services. Capital Street Intermarkets Limited is duly licensed and fully regulated by FSC Mauritius as a Full Services Investment Dealer (excluding underwriting) with the license No. C112010690. Today, the company is proud to introduce innovations to the field of financial products and services.
👍 Advantages of trading with Capital Street FX for traders in Malaysia:
•Wide choice of trading assets. In addition to standard instruments, you can also trade stocks, bonds and cryptocurrencies.
•Flexible bonus programs. Each trader can get a one-time bonus of 150%-900%.
👎 Disadvantages of Capital Street FX for traders in Malaysia:
•Offshore regulation (FSC, Mauritius).
•Proprietary trading platform, which is technically inferior to the classic MT4/MT5 trading platforms.
Best Futures Trading App in Malaysia 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
FBS - Education for Investors
Investment Education Online
The FBS website has an impressive training section where everyone can get the information they need to trade successfully on Forex and beyond. The broker provides a quick guide to Forex, tips for traders, and video tutorials. The company also conducts webinars. The section is divided into levels for beginners, elementary, intermediate, and advanced levels.
To practice the knowledge gained on the FBS website, the specialists of the brokerage company recommend opening a demo account. You can practice on it without risking real money. The next step is to open a cent account which will allow you to trade in the real market, but with lower risks than on a standard account.
To support traders, a separate analytical section with an economic calendar, a currency converter, and calculators have been created on the site.
eToro - Education for Investors
Investment Education Online
eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.
Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.
Admirals - Education for Investors
Investment Education Online
Information
Educational resources covering topics in trading are available on the Admiral Markets website. They are useful for both the beginner trader and for professional traders.
If you have any questions, use the additional FAQ section, and contact technical support if there is no answer.
Just2Trade - Education for Investors
Investment Education Online
The education section becomes available after opening a real or demo account. Users are redirected to the website of the Just2Trade education center. The broker offers remote and in-person learning, as well as video seminars and classes via Skype.
Learning can be paid or free, and clients can select individual programs. There is free access to remote education content such as video courses, articles, webinars, A. Sokolov’s Financial School, and an online trading hall.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Malaysia choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Futures Trading App in Malaysia 2024.
| FBS | eToro | Admirals | Just2Trade | Capital Street FX | |
|---|---|---|---|---|---|
|
Overall score |
8.28 |
9.4 |
8.43 |
6.96 |
3.72 |
|
Execution of orders |
9.5 |
9.1 |
7.65 |
5.6 |
3.19 |
|
Investment instruments |
6.96 |
9.7 |
9.31 |
6.85 |
5.4 |
|
Withdrawal speed |
9.57 |
9.5 |
8.57 |
9.64 |
0.29 |
|
Customer Support work |
7.58 |
9.3 |
8.2 |
5.32 |
3.45 |
|
Variety of instruments |
7.02 |
9 |
8.75 |
8.1 |
6.75 |
|
Trading platform |
9.03 |
9.8 |
8.09 |
6.24 |
3.23 |
|
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FAQ
Do all brokers offer mobile apps for iOS and Android?
Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.
If a broker has several platforms, does it mean it offers several apps?
No. If a broker has several trading platforms, there is either an option to switch between them in the app, or only one trading platform is available (usually the proprietary one).
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
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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.