Best CFD brokers in Malaysia in 2025

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
Dec 2024

Find below the strengths of the best CFD brokers available in Malaysia, updated for 2025:

  1. XTB is the best CFD broker in Malaysia in 2025. - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. Interest paid on cash.
  2. IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
  3. Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
  4. Saxo - Great trading platform. Outstanding research. Broad product portfolio. Interest paid on uninvested cash.
  5. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
  6. Spreadex - Low forex fees. Good web platform. Helpful customer service.
  7. FP Markets - Low forex fees. Easy and fast account opening and funding. Great education tools.
  8. FxPro - Superb account opening process. Great customer service. Free deposit and withdrawal.
  9. Pepperstone - Fast and fully digital account opening. Seamless and free deposit and withdrawal. Great educational materials.
  10. FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.

Comparison of the top CFD brokers and trading platforms in Malaysia in 2025

While many online CFD brokers and trading platforms catering to Malaysian investors offer an excellent service, the ones in our top list go the extra mile.

Broker
Minimum deposit
Time to open account
XTB
$0
1 day
IC Markets
$200
1 day
Admirals (Admiral Markets)
$100
1 day
Saxo
$0
1 day
Tickmill
$100
1 day
Spreadex
$0
1-3 days
FP Markets
$50
1 day
FxPro
$100
1 day
Pepperstone
$0
1 day
FXTRADING.com
$50
1 day
Best CFD brokers in Malaysia key data compiled for December 2024

Popularity of the best CFD brokers in Malaysia

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Fee comparison of the best CFD brokers in Malaysia

How much you have to pay for a trade in spreads, commission and other trading costs is a key broker selection criteria. Check the spreads in the table below. In case of stock CFD, we calculate the fees for a $2,000 trade held for 1 week.

Broker
S&P 500 CFD spread
Apple CFD fee
XTB
0.5
$8.1
IC Markets
0.2
$1.5
Admirals (Admiral Markets)
0.4
$3.4
Saxo
0.5
$11.3
Tickmill
0.4
-
Spreadex
0.4
$9.6
FP Markets
0.5
$7.4
FxPro
1.0
$4.3
Pepperstone
0.4
$3.9
FXTRADING.com
0.3
-
Fees at the top CFD brokers in Malaysia in December 2024

If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.

Non-trading fees at the best CFD brokers in Malaysia

Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

Broker
Withdrawal fee
Inactivity fee
XTB
$0
IC Markets
$0
Admirals (Admiral Markets)
$0
Saxo
$0
Tickmill
$0
Spreadex
$0
FP Markets
$0
FxPro
$0
Pepperstone
$0
FXTRADING.com
$0
Non-trading fees at the top CFD brokers in Malaysia in December 2024

Product selection at the best CFD brokers in Malaysia

Check out what types of CFDs you can trade at the best CFD brokers and CFD trading platforms.

Broker
Stock index CFD
Stock CFD
XTB
IC Markets
Admirals (Admiral Markets)
Saxo
Tickmill
Spreadex
FP Markets
FxPro
Pepperstone
FXTRADING.com
Available products at the top CFD brokers in Malaysia

CFD trading in Malaysia

Trading CFDs is legal in Malaysia, but the Securities Commission Malaysia (SC), the country’s financial markets regulator, has put in place certain restrictions. A CFD provider is only allowed to offer CFDs based on shares or indexes and the underlying shares and indexes must also meet certain regulatory criteria. As of date, forex, bond, commodities or cryptocurrency CFDs are not allowed in Malaysia.

The minimum margin requirements for single share CFDs is 10% for index shares and 20% for non‐index shares. Index CFDs have a minimum margin requirement of 5%.

According to the regulator, CFDs can only be offered by entities licensed for dealing in derivatives or specifically CFDs. Make sure the broker you choose is regulated either by Malaysia’s SC or by a top-tier regulator such as the FCA in the United Kingdom or ASIC in Australia. Foreign brokers are also allowed to offer CFDs to Malaysian investors.

Unfortunately, unregulated, unlicensed brokers are very common in Malaysia, and so are brokers that are registered only in jurisdictions that impose low-regulatory environments such as Belize, Mauritius, Labuan, Seychelles, and the British Virgin Islands. The SC regularly publishes investor alerts, featuring the names of potential scam brokers and entities. Check this page before you open an account with a broker.

If you open an account with a foreign broker, you may gain access to CFDs traded on international financial markets.

Under SC regulations, CFDs can only be offered to sophisticated investors in Malaysia. Brokers offering CFDs to Malaysian investors are required by the regulator to conduct a suitability assessment on any investor who wishes to invest in CFDs with special focus on the client’s risk profile, experience and suitability.

And now, let's see the top CFD brokers in Malaysia one by one, starting with the winner, XTB.

XTB Logo

XTB

Visit broker
76% of retail CFD accounts lose money

XTB snapshot
Minimum deposit $0
Mobile app score 4.4 stars
Deposit methods Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal
Withdrawal fee $0
Read review For a detailed analysis of XTB services, check out our review for 2025

Visit broker
70.64% of retail CFD accounts lose money

IC Markets snapshot
Minimum deposit $200
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Withdrawal fee $0
Read review For a detailed analysis of IC Markets services, check out our review for 2025

Visit broker
74% of retail CFD accounts lose money

Admirals (Admiral Markets) snapshot
Minimum deposit $100
Mobile app score 4.3 stars
Deposit methods Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong, Perfect Money
Withdrawal fee $0
Read review For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2025

Visit broker
62% of retail CFD accounts lose money

Saxo snapshot
Minimum deposit $0
Mobile app score 5.0 stars
Deposit methods Bank transfer, Credit/debit cards
Withdrawal fee $0
Read review For a detailed analysis of Saxo services, check out our review for 2025

Visit broker
71% of retail CFD accounts lose money

Tickmill snapshot
Minimum deposit $100
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, Przelewy, PayPal
Withdrawal fee $0
Read review For a detailed analysis of Tickmill services, check out our review for 2025

Visit broker
64% of retail CFD accounts lose money

Spreadex snapshot
Minimum deposit $0
Mobile app score 4.5 stars
Deposit methods Bank transfer, Credit/debit cards
Withdrawal fee $0
Read review For a detailed analysis of Spreadex services, check out our review for 2025

Visit broker
72.5% of retail CFD accounts lose money

FP Markets snapshot
Minimum deposit $50
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Asia Banks, Sticpay, fasapay, Virtual Pay, Rupee Payments, Rapyd, Perfect Money, pagsmile, Cryptocurrency Solution, Crypto (finrax), mybux, ypay, Apple Pay, Google Pay, B2Binpay
Withdrawal fee $0
Read review For a detailed analysis of FP Markets services, check out our review for 2025

Visit broker
74% of retail CFD accounts lose money

FxPro snapshot
Minimum deposit $100
Mobile app score 4.3 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Withdrawal fee $0
Read review For a detailed analysis of FxPro services, check out our review for 2025

Visit broker
75.1% of retail CFD accounts lose money

Pepperstone snapshot
Minimum deposit $0
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID
Withdrawal fee $0
Read review For a detailed analysis of Pepperstone services, check out our review for 2025

Visit broker
74-89% of retail CFD accounts lose money

FXTRADING.com snapshot
Minimum deposit $50
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Neteller, UnionPay, USDT
Withdrawal fee $0
Read review For a detailed analysis of FXTRADING.com services, check out our review for 2025

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How did BrokerChooser select the best CFD brokers in Malaysia?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (i.e. spreads, withdrawal fee, commission) with special emphasis on CFD fees,
  • Looked at the range of CFDs available,
  • Opened an account and tested the services of the broker with real money.

Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology

BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 600 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 60,000 data points overall.

FAQ

What is CFD trading?

CFDs, short for Contracts for Difference, are derivative products used to speculate on the price movements of a wide range of underlying assets. A CFD is a contract between two parties under which the seller pays the buyer the difference between the current value of an asset and its value at the time the contract is due.

When trading CFDs, you speculate on whether the price of a financial asset (i.e. stock, bond, commodity, etc.) will go up or down, without actually buying the asset itself. Instead of buying a Vodafone stock, at a CFD broker you will bet on the direction you think the Vodafone stock will go. If your bet is right, you will make profit on your CFD trade.

CFDs are leveraged products meaning that you trade with your own money and the money you borrow from your broker. This makes CFD trading extremely risky and not suitable for beginners. A very high percentage of retail traders lose money when trading CFDs.

CFD trading is illegal in the U.S. However, if you open an account at a European broker, you will be able to trade CFDs on U.S. assets.

To better understand CFDs and the risk involved, read this article on CFD trading tips compiled by our team of experts.

Is CFD trading legal in Malaysia?

CFD trading is legal in Malaysia with certain restrictions. The Securities Commission of Malaysia, the financial markets regulator, only allows CFDs based on shares and indices. As of date, forex, bond, commodities or cryptocurrency CFDs are not allowed in Malaysia.

CFDs can only be offered by entities licensed to engage in trading derivatives or specifically CFDs. The regulator has also put minimum margin requirements in place for CFD trades.

Is CFD trading halal?

CFD trading is halal if you use an Islamic account. Brokerage firms registered with the Securities Commission of Malaysia and many foreign brokers regulated by other national authorities provide users with an Islamic account. These accounts are considered halal as they do not gain interest from you holding positions overnight.

Is CFD good for beginners in Malaysia?

CFD trading is a high-risk investment and as such not recommended for beginners in Malaysia. CFDs are complex products and come with a high risk of losing money due to leverage. Trading on leverage means that you trade with money borrowed from your broker in addition to your own funds. Your profits may be bigger when you trade on leverage, but so will your losses. Data shows that close to three quarters of retail investors lose money when trading CFDs.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author
Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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