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Best Online Trading App in Malaysia for 2026

Updated: February 08, 2025
1
8.28
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2
8.4
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3
5.05
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Best Online Trading App in Malaysia

Table of Contents

  • Intro
  • #1 RoboForex
  • #2 eToro
  • #3 TradeZero
  • #4 TradeStation
  • #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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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
8.4
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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.

3
5.05
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The TradeZero broker has its strengths and weaknesses, like any platform. However, TradeZero is a simple and reliable solution for entering the global stock market.

4
7.45
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The conditions of the TradeStation broker are suitable for experienced traders and investors who make large trades in the US stock market.

5
7.55
Study Review

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:

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

STUDY REVIEW
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2
Best Online 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.

STUDY REVIEW
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3
Best Online Apps in Malaysia - TradeZero

TradeZero is a Bahamian broker that provides its clients with access to the interbank market for stock trading. The platform allows you to trade limit orders for NYSE, Amex, and Nasdaq securities for free. Leverage, depending on the parameters of the order, ranges from 1:2 to 1:6. There are no templates for day trading. The broker has developed four trading platforms - ZeroPro, ZeroWeb, ZeroFree, and ZeroMobile, which make it possible to trade with maximum comfort, regardless of the level of the trader and his preferences. The platforms integrate technical analysis tools, news, and analytics.

👍 Advantages of trading with TradeZero for traders in Malaysia :

•The broker allows you to trade all stocks that are listed on the NYSE, Amex, and Nasdaq exchanges.

•In addition to shares, trading in ETFs and options is available on objectively favorable terms.

•Limit orders greater than $1 and containing up to 200 shares are not subject to commission.

•The broker has proprietary software for working from a desktop, in a browser, and on a mobile device.

•Transparent pricing policy, fixed deposit/withdrawal commissions.

•No commissions on the first deposit.

•The broker provides an extensive pool of educational materials for traders of different levels.

•Fast technical support in live chat, and there is a multi-channel call center and email.

👎 Disadvantages of TradeZero for traders in Malaysia:

•The minimum deposit is $500. It does not charge a commission, but this is a significant amount, which sometimes repels beginners.

•Use of the ZeroPro and ZeroWeb software with professional functions $59 per month.

•Technical support is not around the clock or on weekends.

•Service priority is given to premium accounts.

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4
Best Online Apps in Malaysia - TradeStation

The TradeStation Group (TradeStation) was founded in 1987 as a trading software company then-named Omega Research. After being listed in the American market, Nasdaq launched an online version, and in 2001 it began providing brokerage services for the sale of securities under the TradeStation brand. Until 2021, inclusive, the broker's trading platform was recognized ten times in a row as the best in its class by StockBrokers.com. In 2020, TradeStation was named Broker of the Year at the First Annual TradingView Broker Awards. In the same year, according to Investor's Business Daily, the company was among the Top 4 of US online stock brokers.

👍 Advantages of trading with TradeStation for traders in Malaysia :

•Licensed by the US Securities and Exchange Commission (SEC) and insurance coverage from the Securities Investor Protection Corporation (SIPC).

•Has a wide range of trading instruments, including cryptocurrencies, IPOs, and ETFs.

•Does not charge commissions for trading US stocks and ETFs.

👎 Disadvantages of TradeStation for traders in Malaysia:

•You cannot trade currency pairs.

•Regulators do not oversee TradeStation Crypto, Inc., which maintains crypto trading accounts.

•The support service does not work around the clock and only answers questions that are asked in English.

•There are only a few ways to withdraw funds, the average time of receipt of funds to a bank account is 4-5 business days.

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 eToro TradeZero TradeStation SogoTrade

Overall score

8.28

8.4

5.05

7.45

7.55

Execution of orders

8.95

9.1

4.79

7.7

7.34

Investment instruments

4.7

10

5.4

8.3

7.8

Withdrawal speed

8

5

4.9

7.2

7.4

Customer Support work

9.6

9.3

5.2

7.9

7.7

Variety of instruments

9.2

7.2

4.63

7.6

7.18

Trading platform

9.2

9.8

5.4

6

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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