Forex trading owing to its simplicity and high profitability has been gaining popularity in different corners of the world. Malaysia is a country where Forex Trading figured out a significant growth, as a result, the number of traders in the country is significantly increasing. Forex Trading in Malaysia is somehow specifically owing to several factors, Told Benzinga report published recently. This report was based on the recent research done by Traders Union on Forex Trading status in Malaysia.

Here are some specialties of Forex trading in Malaysia

Traders Union, an experienced forex member-based organization is actively involved in helping traders in bargaining and making the right decisions while making investments in any forex trading platform. While opting for Forex brokers in Malaysia, Traders Union implemented around 100 criteria by segmenting them into 5 major groups.

-According to the Traders Union report published in Benzinga, brokers have to follow special conditions for traders to get approval in Malaysia.

-One significant condition is to provide Islamic Accounts.

List of top 10 brokers in Malaysia by Traders Union

Traders Union after deep research and analysis of various factors issued the list o top 10 brokers in Malaysia. Traders Union reported these brokers into the top category list based on their total scores, usability comfort, commissions, and up-to-the-mark trading conditions.

1-Roboforex

High-tech trading and investment facilities
Trading robots
PAMM accounts
Offers R Mobile and R Web trader facility
Allows insurance up to EUR 20,000

2-E Toro

The broker company provides the largest copy trading facility
Stock trading is available here
The broker is regulated in UK and Cyprus

3-Interactive Brokers

With more than 45 years in the trading industry, it is a group of reliable brokers
Have more than 10 financial activity licenses
Known for its trust factor

4-FxPro

If you want to open an easy trading account, FxPro is a great place for it
You can open an account with zero deposits
Also, there are no withdrawal charges

5-Admiral Markets

-Advanced instruments available for traders

-Trading accounts without any commission

-Simple to use and good for regular traders

6-AvaTrade

-Traders get the option of advanced analysis which helps them make the right decisions while making financial decisions

-Adding and withdrawing funds is free from any charges

7-Tickmill

–Low trading fees

-No deposit and withdrawal fees

8-FBS

-This broker provides ECN accounts to traders

-Traders have direct access to liquidity

-Allows copy trading

9-IG

-Advanced learning tools for new traders

-User-friendly web trading

10-Exness

-Fastest execution of orders

-Minimum spreads on instruments and currency pairs

Benzinga releases the list of best forex brokers Malaysia