An emerging market economy in Asia, Malaysia is a market with considerable potential for forex brokers. Forex trading in Malaysia is no longer illegal, however it is still a relatively new concept. Forex brokers in this country are formally not regulated, although the Securities Commission in Malaysia overlooks exchange-traded products, including securities and futures and how brokers operate in the country.

Meanwhile, the National Bank of Malaysia Bank Negara , which is responsible for managing the local currency the Ringgit , has also made a commitment to promote monetary and financial system stability and foster a sound and progressive financial sector.

As Islam is the official religion of Malaysia, forex brokers targeting local residents should offer special swipe-free accounts. In fact, the Islamic Financial Services Act requires compliance of these services with the Sharia.

FBS - an award-winning broker licensed in Belize, that has more than 8 years of experience in the forex industry. It offers its clients competitive trading conditions, wide range of trading accounts, payment methods, several trading platforms, as well as various promotions. MayBank is one of the largest banks in Malaysia and the new option allows clients make deposits and withdrawals in Malaysian Ringgits.

The Malaysian Ringgit lost ground against the U. The ringgit depreciated by 0. The next downside target level for the ringgit is seen at 3.

Malaysia Forex Broker List For

Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.

Forex Brokers in Malaysia - How to Find a Forex Broker in Malaysia

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All textual content on ForexBrokerz. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy. Broker Country Regulation Leverage Min. Grand Capital adds MayBank as payment option for Malaysian clients Mar 21 InstaForex Partners with Marussia F1 Team Mar 25 XEMarkets Sends A Lucky Trader to Watch F1 in Malaysia Jan 29 Malaysian Ringgit Declines To 3-day Low Against U.

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