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Best Online Trading App in Malaysia for 2026

Updated: February 08, 2025
1
8.28
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2
7.59
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3
9.2
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Best Online Trading App in Malaysia

Table of Contents

  • Intro
  • #1 RoboForex
  • #2 SpeedTrader
  • #3 CapTrader
  • #4 TD Ameritrade
  • #5 SogoTrade
  • How to choose a Forex broker’s App in Malaysia?
  • Best Forex trading app for beginners in Malaysia
  • Is Forex legal in Malaysia? Is it safe?
  • Is Forex taxable in Malaysia?
  • Summary

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 Online Trading App in Malaysia for 2026, based on our assessments.

1
8.28
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VISIT BROKER
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An international Forex and CFD broker licensed by IFSC (Belize) and offering negative balance protection. Provides access to more than 40 currency pairs and 12,000 instruments, including stocks, indices, commodities, and ETFs. Supports trading through MetaTrader 4, MetaTrader 5, R StocksTrader, and mobile apps. Features include algorithmic trading, Copy Trading service, trading robots, and VPS. Cent accounts start from a $10 deposit. Leverage is up to 1:2000. A demo account is provided.

2
7.59
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SpeedTrader strives to cooperate with traders with significant capital reserves who have hands-on experience in trading on the stock markets.

3
9.2
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CapTrader — works according to the ECN scheme and thus provides its clients with direct access to liquidity providers. The company's clients can access such instruments as Forex, futures, options, stocks, ETFs, etc. In addition, CapTrader offers two programs for investing through MAM accounts. CapTrader is an Interactive Brokers Introducing Broker targeted at a European audience. The broker's minimum deposit is $2,000, and the maximum leverage is 1:20.

4
8.1
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TD Ameritrade (Charles Schwab) is a broker with a wide range of investment assets and high-quality trading platforms, which is mainly aimed at seasoned US-based traders.

5
7.55
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The SogoTrade broker aims to cooperate with experienced traders and investors who are willing to pay higher trading commissions than competitors.

  • How to choose the best app for trading in Malaysia?

    To choose the best app for trading in Malaysia, pay attention to the following criteria:

    availability of a license;

    reviews from real clients;

    trading conditions;

    customer service;

    availability of training, demo account.

  • What is the best app to invest in Malaysia?

    The best app to invest in Malaysia is RoboForex. The minimum deposit here is $10. The broker offers opportunities for active and passive income (copy trading).

  • How to start trading in Malaysia?

    To start trading in Malaysia you need:

    1

    Find a reliable broker.

    2

    Register on the platform.

    3

    Fund your deposit account (or choose a demo account).

    4

    Place an order.

  • How can I trade stocks in Malaysia?

    You can trade stocks in Malaysia with eToro. Use this broker to invest in more than 3,000 stock assets, including at zero fee.

1
Best Online Apps in Malaysia - RoboForex

RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies.

The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the Copy Trading service, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).

RoboForex partners earn from: spreads on closed positions: up to 85%, equal to $10 partner payout per lot on instruments such as EURUSD and XAUUSD; swaps on open positions: 30% of the swap value—a unique feature rarely offered in partner programs, enabling earnings from clients who maintain longer-term trades. RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.

👍 Advantages of trading with RoboForex for traders in Malaysia :

•Availability of favorable trading conditions and a minimum deposit.

•Unique Copy Trading service.

•Highest affiliate payments: up to 84% of the fee paid by the referral.

•"Withdrawal without Commission" program.

•Market launch - STP and ECN.

•Instant withdrawal of funds.

•Minimum deposit - $10.

👎 Disadvantages of RoboForex for traders in Malaysia:

•Third-level regulation.

•A small number of currency pairs - 28, for accounts: Pro, Pro-Cent, ECN.

•The broker is not available in the European Union.

STUDY REVIEW
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2
Best Online Apps in Malaysia - SpeedTrader

SpeedTrader is an online US based broker dealer that started operations in 1999. The broker is regulated by the Financial Industry Regulatory Authority (FINRA, CRD#: 107403/SEC#: 8-53035) and is a member of the Securities Investor Protection Corporation (SIPC). SpeedTrader provides online trading platforms that offer trading in US stocks, ETF’s, OTC stocks, and options for active traders. Key offerings include Direct Market Access (DMA) routing, short locate services for shorting stocks, and the ability to trade and receive shares of most OTC stocks. The company is headquartered in New York, USA.

👍 Advantages of trading with SpeedTrader for traders in Malaysia :

•25+ order routing choices including DMA.

•Vast short locate availability.

•OTC stock trading including Expert Market & Caveat Emptor.

•SIPC insurance coverage and FINRA membership.

•Availability of an affiliate program.

•Multiple trading platforms.

•Online chat for urgent issues.

•Support in English, Spanish and Chinese.

•Available to US and most International based traders

👎 Disadvantages of SpeedTrader for traders in Malaysia:

•The high minimum deposit for day trading (from $30,000) and ($2500) for non-day trading.

•Inability to trade cryptocurrency and Forex instruments.

•Time-limited free demo account of two weeks.

STUDY REVIEW
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3
Best Online Apps in Malaysia - CapTrader

CapTrader is a Forex broker, which was founded in Germany in 1997. The company is headquartered in Dusseldorf. CapTrader is an Introducing broker to Interactive Brokers. The platform uses Interactive Brokers software, which is why the brokers have identical user accounts, trading platforms and products. CapTrader provides access to 7 categories of assets and trading instruments: Forex, commodities, stocks, ETFs, futures, options and CFDs. The company is regulated by the Federal Financial Supervisory Authority (BaFin, 10156708). In addition it is an introducing broker and the European licenses from the regulators of Ireland and the UK (208159) held by Interactive Brokers apply to it as well.

👍 Advantages of trading with CapTrader for traders in Malaysia :

•Partnership with a well-known broker – International Brokers.

•Access to 145 global stock markets.

•70,000+ trading instruments.

•3 types of trading platforms.

•Access to analytical service Trading Workstation.

👎 Disadvantages of CapTrader for traders in Malaysia:

•High minimum deposit – $2,000 or an equivalent.

•Limited education options.

•Technical support is available 24/5.

STUDY REVIEW
VISIT BROKER
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Your capital is at risk.

4
Best Online Apps in Malaysia - TD Ameritrade

TD Ameritrade (Charles Schwab) is an American broker that provides top-notch online services for trading and investing in securities on the OTC markets. The company was founded in 1975 under the name First Omaha Securities. It was reimagined as an online broker in 1998. TD Ameritrade (Charles Schwab) is a member of FINRA (CRD#: 7870/SEC#: 801-60469,8-23395 ) and SIPC and currently serves over 11 million client accounts. The broker offers simple pricing, high-tech trading platforms with professional analytics, and a wide range of markets and investment products. TD Ameritrade (Charles Schwab) was named Best Online Broker 2020 by StockBrokers.com and ranked first in the Platforms & Tools, Beginners, Education, and Customer Service categories.

👍 Advantages of trading with TD Ameritrade for traders in Malaysia :

•The broker's regulators are FINRA and SIPC, which guarantee the protection of client funds and their return in the event of TD Ameritrade's (Charles Schwab) bankruptcy or other default.

•Clients have open access to the securities market, OTC, derivatives trading, and legal work with Forex instruments.

•The broker offers a vast array of investment products for generating passive income.

•The company does not charge fees for trading in American and Canadian stocks, options, and ETFs.

•There are no requirements for the size of the minimum deposit on cash accounts.

•The broker offers high-tech author's terminals that work from desktop or mobile device.

👎 Disadvantages of TD Ameritrade for traders in Malaysia:

•A high entry threshold has been set for margin trading and investment in managed portfolios.

•The broker offers a limited selection of payment systems for deposits and withdrawals.

•There is no online chat on the company's website. It is available only in some versions of trading platforms.

STUDY REVIEW

5
Best Online Apps in Malaysia - SogoTrade

SogoTrade is a US registered broker that has been operating since 1986. It offers a wide range of stock market assets, proprietary trading platforms with built-in analytics, and forecasting tools. The broker is a member of FINRA (CRD#: 17912/SEC#: 8-35930) and SIPC, and has offices in New York and Chesterfield (Missouri). The company's regional service center also serves customers from China, Taiwan, and Hong Kong. In 2020, the financial portal GOBankingRates named SogoTrade as the best online broker for day trading and for novice traders.

👍 Advantages of trading with SogoTrade for traders in Malaysia :

•FINRA and SIPC membership.

•A variety of investment products for generating passive income, including diversified portfolios of securities with different levels of risk and reward.

•The minimum deposit for the Cash Account starts at $0.

•A wide range of analytical tools such as stocks and options, screeners, P&L calculators, daily newsletters, third-party analyst ratings, reviews, and more.

•The existence of a proprietary platform for online options trading.

👎 Disadvantages of SogoTrade for traders in Malaysia:

•The broker withholds $2.88 for market trades in stocks, as well as a commission for each contract when trading options.

•There are no cash bonuses for opening an account or making a deposit.

•The minimum investment for working with investment portfolios is $25,000.

STUDY REVIEW

How to choose a Forex broker’s App in Malaysia?

Choosing a Forex broker's app is a critical option for Malaysian beginners because it has a direct impact on your trading experience and results. Here are seven pointers to help you make an educated decision:

Licensing and Regulation

Check to see if the Forex broker is regulated by a credible financial authority. The Securities Commission Malaysia (SCM) is the Malaysian regulatory organization in financial markets. A regulated broker adds security and transparency to your assets.

A Platform That Is Simple To Use

Choosing a Forex broker with an easy-to-use and feature-rich trading platform is critical to ensuring a positive trading experience, especially for beginners. The best trading platform in Malaysia should act as a portal to the Forex market, impacting your ability to execute trades efficiently and make informed decisions.

A user-friendly interface is essential. The platform should be simple to use, with quick trade execution and easy navigation. A straightforward interface is especially useful for new traders, as it reduces the learning curve and improves overall usability.

Asset Variety

When choosing a platform, evaluating the asset variety offered by a Forex broker is critical, as it influences your ability to diversify your trading strategy and engage with different financial markets.

Consider the variety of currency pairs available, as well as other financial instruments such as commodities, indices, and cryptocurrencies. The broker's selection of currency pairs and other financial instruments shapes the breadth of your trading options, influencing your overall trading experience.

Transaction Fees and Costs

Understand the broker's fee structure. Look for a broker with low commissions and competitive spreads. Some brokers may offer "no commission" accounts, but this may be offset by wider spreads. Calculate your total trading costs to ensure they are in line with your budget and trading style.

Customer Service

Evaluate the broker's customer service responsiveness. As a beginner, you may run into problems or have questions that require answers. Check to see if the broker offers support via multiple channels such as live chat, email, or phone. Inquire about their availability during trading hours as well.

Educational Resources

Choose a broker who provides educational resources for newcomers. This can include tutorials, webinars, and written materials that will assist you in understanding the fundamentals of Forex trading, technical analysis, and risk management. These resources will be provided by a broker who is invested in the success of its clients.

Demo Accounts

Choose a broker who provides demo accounts. Demo accounts allow you to trade with virtual money, allowing you to become acquainted with the platform and test your strategies in a risk-free environment. This is a fantastic resource for beginners looking to gain confidence and experience before trading with real money.

Best Forex trading app for beginners in Malaysia

Tickmill stands out as the best trading platform in Malaysia. Due to its user-friendly interface, extensive educational resources, and competitive trading conditions, Tickmill is by far the best trading app to earn money from.

The broker provides support in multiple languages and offers a variety of account types, including a demo account. Tickmill's MetaTrader 4 platform, with its intuitive design and simple features, makes it the best choice for beginners.

Is Forex legal in Malaysia? Is it safe?

Yes, Forex trading is legal in Malaysia. It is, however, regulated by the Securities Commission Malaysia (SCM), the country's financial markets regulatory body. The SCM has established guidelines and regulations to ensure the fair and transparent operation of financial markets, including Forex trading.

If you want to trade Forex in Malaysia, you should choose a broker who is licensed and regulated by the Securities Commission Malaysia. This helps to ensure that the broker operates within the legal framework and provides traders with a level of security.

Is Forex taxable in Malaysia?

Yes, Forex trading profits are taxed in Malaysia. Forex gains are treated as business income and taxed at rates ranging from 0% to 28%, depending on the amount earned for the year. Losses can also be carried forward to offset profits in subsequent tax periods. To understand their tax obligations, traders should consult with an accountant.

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 Online Trading App in Malaysia 2026.

RoboForex SpeedTrader CapTrader TD Ameritrade SogoTrade

Overall score

8.28

7.59

9.2

8.1

7.55

Execution of orders

8.95

6.84

8.9

7.8

7.34

Investment instruments

4.7

9.2

9.5

8.4

7.8

Withdrawal speed

8

8.2

9.3

8.2

7.4

Customer Support work

9.6

7.2

9.1

8

7.7

Variety of instruments

9.2

6.68

8.8

7.7

7.18

Trading platform

9.2

7.4

9.6

8.5

7.9

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Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

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.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

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.

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