Best ECN Brokers in Malaysia in 2024

Your capital is at risk.

The broker is focused on cooperation with active traders, regardless of their trading experience.

8.4

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.

8.29

Your capital is at risk.
Please note that your capital is at risk.

Pepperstone is particularly suitable for novice market participants as well as more seasoned trading professionals. In general, the Pepperstone platform offers everything novice traders need for comfortable trading such as favorable conditions, reliability, a wide selection of trading options, along with an assortment of first rate educational materials.

8.17

Your capital is at risk.
80% of retail investor accounts lose money when trading CFDs with this provider.

ForexTime is a progressive broker that actively uses innovative technologies to provide the best trading terms for traders, regardless of their trading experience. ForexTime fits both novice and experienced traders. The company provides its services in 150 countries and ensures full safety and security of its clients' funds because they are kept in segregated accounts.

7.76

Your capital is at risk.
77% of retail investor accounts lose money when trading CFDs with this provider.

FXOpen is a reliable broker with years of experience in financial markets, and adjusting trading conditions for its clients based on the regulatory requirements of their jurisdiction.

Best ECN brokers in Malaysia in 2024

	IronFX	IC Markets	Pepperstone	FXTM	FXOpen
Trading platform	MetaTrader 4	MetaTrader 4, MetaTrader 5, TradingView and cTrader	cTrader, TradingView, MetaTrader 4 and MetaTrader 5	MetaTrader 4, MetaTrader 5, FXTM Trader	MT4, MT5, TickTrader, TradingView
Min deposit	$100	$200	$1	$10	$300
Leverage	From 1:30 to 1:0	From 1:1 to 1:500	From 1:1 to 1:400	From 1:1 to 1:2000	From 1:1 to 1:500
Trust management	No	No	No	No	No
Accrual of % on the balance	0.00%	0.00%	0.00%	0.00%	0.00%
Spread	From 0.0 points	From 0.0 points	From 0.0 points	From 0.0 points	From 0.9 points
Level of margin call / stop out	40% / 20%	100% / 50%	90% / 20%	50% / 80%	20% / 100%
Execution of orders	STP, Market Maker, ECN	Market Execution	Instant Execution	Market Execution, Instant Execution	Market Execution
No deposit bonus	No	No	No	No	No
Cent accounts	No	No	No	Yes	Yes

ECN is an electronic communication network which is used to process the trades of traders. There is no dealing, which is used by classical brokers. Such companies earn a profit exclusively from the fees paid by the traders. Therefore, they are directly interested in making sure that the client trades as long as possible and does not lose the deposit fast.

The ECN technology does not allow the broker to interfere with the process in any way. Traders work directly with the liquidity providers, i.e. the largest banks and financial institutions. Liquidity improvement is achieved through an increased number of trades, and not the trading volume. The spreads are floating on ECN accounts and they are better compared to classical brokers with dealing centers.

1
Best ECN broker in Malaysia - IronFX

IronFX was launched in January 2010 by a team of specialists in finance and software development. Today, IronFX has grown to be among the industry leaders that provide online trading services globally. Customers can use the MT4 advanced trading platforms and trade more than 300 tools from 6 various asset classes. IronFX serves individual as well as corporate clients from over 180 countries. IronFX is highly valued for providing cutting-edge technological innovation on trading platforms and trading tools.

👍 Advantages of trading with IronFX for traders from Malaysia:

•round-the-clock communication with a multilingual support TEAM on weekdays;

•wide range of trading assets;

👎 Disadvantages of IronFX for traders from Malaysia:

•the verification procedure can be repeated;

IronFX Commissions & Fees for traders from Malaysia

The fees are the key source of income for ECN brokers. Before choosing a broker, it is important to evaluate the levels of commissions and fees, which the broker offers on different accounts, including ECN.

IronFX Commissions and Fees in Malaysia

Account type	Spread (minimum value)	Withdrawal commision
Standard	from $18	No
Premium	from $16	No
VIP	from $14	No
Zero Fixed	from $0	No
No commission	from $17	No
Zero Spread	from $0	No
Absolute Zero	from $3	No

Your capital is at risk.

2
Best ECN broker in Malaysia - IC Markets

IC Markets is a multi-regulated STP/ECN broker that offers trading of 2,250+ instruments on MetaTrader, TradingView and cTrader platforms. Currently, IC Markets provides its services to over 200,000 clients worldwide. The broker processes over 500,000 trades daily and its monthly trading volume is almost $1.4 trillion as of June 2024. It is regulated by CySEC, ASIC, and FSA. The broker was incorporated in 2007 and is constantly developing, improving, and adding new services and products.

👍 Advantages of trading with IC Markets for traders from Malaysia:

•Availability of three licenses;

•Wide range of assets;

•Standard and ECN account types for trading on different platforms;

•Mobile apps for Android and iOS-based devices;

•Scalping, hedging, and algorithmic trading are allowed;

•Minimum delay when executing orders and ultra-fast market execution;

•Competitive trading fees;

•Wide choice of social trading and copy trading platforms;

•24/7 support via live chat;

•Demo accounts on MT4, MT5, and cTrader;

•Swap-free accounts are available for Muslim traders.

👎 Disadvantages of IC Markets for traders from Malaysia:

•Education materials available on the website are not very informative or diverse;

•Rebates are available outside Australia and the European Economic Area;

•Not all clients are equally protected since compensation for investment is subject to the trader's country of residence.

IC Markets Commissions & Fees for traders from Malaysia

IC Markets Commissions and Fees in Malaysia

Account type	Spread (minimum value)	Withdrawal commision
Standard	$6	Bank fees apply
Raw spread MT4/MT5	$0	Bank fees apply
Raw spread cTrader	$0	Bank fees apply
Islamic	$0	Bank fees apply

Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

3
Best ECN broker in Malaysia - Pepperstone

Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. The founders therefore focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help traders not only master the fine art of trading, but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven regulatory authorities, including ASIC (Australian Securities and Investments Commission, AFSL No.414530), FCA (UK Financial Conduct Authority, 684312), DFSA (F004356), BaFin (151148), CMA (128), SCB (SIA-F217), and CySec (388/20). Moreover, with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking institutions. These facts confirm the reliability of the company and guarantee the safety of the client's capital.

👍 Advantages of trading with Pepperstone for traders from Malaysia:

•Attractive trading conditions;

•Fast order execution - 30 ms on average;

•1,200+ trading instruments;

•Low fees; and

•No inactivity fee.

👎 Disadvantages of Pepperstone for traders from Malaysia:

•Support service works only 24/5;

•No cent account;

•Not available to US clients;

•Limited passive trading opportunities;

•Limited analytical materials available on the site. The only way to resolve this issue is to connect to trading signals;

•No news section; and

•Demo accounts can only trade for free for one month only.

Pepperstone Commissions & Fees for traders from Malaysia

Pepperstone Commissions and Fees in Malaysia

Account type	Spread (minimum value)	Withdrawal commision
Razor	From $0	No
Standard	From $1	No

Your capital is at risk.
Please note that your capital is at risk.

4
Best ECN broker in Malaysia - FXTM

Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission, 185/12), South African FSCA (Financial Sector Supervision Authority, 46614), UK FCA (Financial Conduct Authority, 777911), and FSC (Mauritius Financial Supervisory Commission, C113012295). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).

Over 2 million traders worldwide cooperate with ForexTime (FXTM). The minimum deposit on the Micro account is $10, which allows novice traders to master the basics of trading and study the operational principles of the Forex market with comfort and without large investments.

👍 Advantages of trading with FXTM for traders from Malaysia:

•a wide range of trading accounts;

•a large number of training materials;

•the ability to use automated programs in trading.

•the minimum deposit is $10;

•the most popular trading platforms are MT4 and MT5;

•proprietary application for mobile trading is the FXTM Trader;

•the ultra-low spreads are from 0.0 pips;

•a huge choice of trading instruments is present;

•supervision of the broker’s activities is by major financial regulators in four jurisdictions;

•professional support.

👎 Disadvantages of FXTM for traders from Malaysia:

•for investment, only copy trading is offered;

•the broker is closed on Saturday and Sunday.

FXTM Commissions & Fees for traders from Malaysia

FXTM Commissions and Fees in Malaysia

Account type	Spread (minimum value)	Withdrawal commision
Micro	From $15	Depends on the payment system
Advantage	From $0,4	Depends on the payment system
Advantage Plus	From $15	Depends on the payment system

Your capital is at risk.
80% of retail investor accounts lose money when trading CFDs with this provider.

5
Best ECN broker in Malaysia - FXOpen

FXOpen has been providing brokerage services since 2005 while offering clients STP and True ECN execution models, liquidity from reputable providers, an enviable variety of accounts, and trading instruments. The broker has global offices regulated by the financial supervisory commissions FCA (United Kingdom), CySEC (Cyprus), and ASIC (Australia). FXOpen provides access to trading with over 600 instruments (Forex and CFDs) with leverage up to 1:1000 on the MT4, MT5, and TickTrader platforms. The company serves over 1 million traders, but FXOpen does not have a presence in the U.S.

👍 Advantages of trading with FXOpen for traders from Malaysia:

•Regulation by three reputable supervisory authorities and membership in the Financial Commission;

•Compensation of up to EUR 20,000 per client in case of the broker's bankruptcy or failure to fulfill withdrawal obligations;

•Use of STP (Straight Through Processing) and ECN (Electronic Communication Network) technologies that eliminate dealing center involvement;

•The opportunity for residents of many countries to start trading on STP accounts with $10 and on Micro accounts with $1;

•Trading with leverage up to 1:500 on MT4 and MT5 accounts, up to 1:1000 on TickTrader;

•Protection against negative balance for every retail trader.

👎 Disadvantages of FXOpen for traders from Malaysia:

•High minimum deposit for traders from the United Kingdom and EU countries, starting from $300 or equivalent;

•Limited range of educational content for beginners;

•Micro cent accounts are not available in all countries.

FXOpen Commissions & Fees for traders from Malaysia

FXOpen Commissions and Fees in Malaysia

Account type	Spread (minimum value)	Withdrawal commision
STP	From $9	Depends on the payment system and the trader's country
ECN	From $0	Depends on the payment system and the trader's country
Crypto	From $10	Depends on the payment system and the trader's country
Micro	From $0	Depends on the payment system and the trader's country

Your capital is at risk.
77% of retail investor accounts lose money when trading CFDs with this provider.