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Best CFD brokers in Malaysia in 2023

TOP
1
81% of retail CFD accounts lose money
TOP
2
79% of retail CFD accounts lose money
TOP
3
80% of retail CFD accounts lose money
TOP
4
86% of retail CFD accounts lose money
TOP
5
75% of retail CFD accounts lose money
TOP
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64% of retail CFD accounts lose money
TOP
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74-85% of retail CFD accounts lose money
TOP
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76% of retail CFD accounts lose money
TOP
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74-89% of retail CFD accounts lose money
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74.89% of retail CFD accounts lose money
  1. XTB is the best CFD broker in Malaysia in 2023. - Commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
  2. Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
  3. Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
  4. Plus500 - Easy-to-use platform. Great account opening. Quick and helpful customer support.
  5. IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
  6. Spreadex - Low forex fees. Good web platform. Helpful customer service.
  7. ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
  8. CMC Markets - Low forex fees. Great web and mobile platforms. Advanced research and educational tools.
  9. MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
  10. XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.

Best CFD brokers
Comparison of the top CFD brokers and trading platforms in Malaysia in 2023

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

Broker
Negative balance protection for any product
Minimum deposit
XTB
$0
No minimum deposit for individual accounts but £15,000 for corporate accounts.
Capital.com
$20
$20 minimum deposit for credit/debit cards and Apple Pay, and $250 minimum required for bank transfer
Admirals (Admiral Markets)
$100
100 EUR/GBP/USD/CHF or 200 BGN or 1000 CZK or 750 HRK or 25000 HUF or 250 PLN/RON
Plus500
$100
$100 for credit/debit cards and electronic wallets; $500 for bank transfers
IG
$0
No minimum deposit for bank transfers; $300 minimum for credit/debit cards and PayPal
Spreadex
$0
No minimum deposit for bank transfer, but 10 minimum deposit for credit/debit card
ActivTrades
$0
There is no minimum deposit
CMC Markets
$0
No minimum deposit
MultiBank
$200
$200 for Standard accounts, $1,000 for MultiBank Pro accounts, and $10,000 for ECN Pro accounts
XM
$5
$5 minimum deposit for standard account, $100 for Zero account
Best CFD brokers in Malaysia key data compiled for May 2023

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.

Popularity
30,424
8,453
17,918
5,010

Best CFD brokers
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. See the most important CFD costs in the table below for key assets.

Broker
S&P 500 index CFD fee
Euro Stoxx 50 index CFD fee
XTB
$4.0
$3.3
Capital.com
$2.5
$4.3
Admirals (Admiral Markets)
$2.3
$1.6
Plus500
$3.5
Fees were calculated on Nov 4, 2022 between 2 pm and 4 pm CET, fees could be a subject to change
$3.3
Fees were calculated on Nov 4, 2022 between 2 pm and 4 pm CET, fees could be a subject to change
IG
$2.6
$2.3
Spreadex
$3.0
$1.6
ActivTrades
$2.4
$1.4
CMC Markets
$2.9
$2.6
MultiBank
$1.2
$1.9
XM
$2.5
$3.1
Fees at the top CFD brokers in Malaysia in May 2023

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

Best CFD brokers
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
Account fee
Inactivity fee
XTB
No account fee
€10 per month after 1 year of trading inactivity and if no deposit was made in the last 90 days
Capital.com
No account fee
No inactivity fee
Admirals (Admiral Markets)
No account fee.
€10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero
Plus500
No account fee
$10 per month after 3 months of inactivity. Inactivity means that you don't log in to your account
IG
No account fee
$/£12/€14 per month after 2 years of inactivity
Spreadex
No account fee
No inactivity fee
ActivTrades
No account fee
If the account is not used for over 1 year and there is a remaining balance, a fee of £10 per month will be charged
CMC Markets
No account fee
£10 monthly fee after 12 months of inactivity
MultiBank
No account fee
60 USD/month after 3 consecutive months of inactivity
XM
No account fee
$15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive
Non-trading fees at the top CFD brokers in Malaysia in May 2023

Best CFD brokers
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
Capital.com
Admirals (Admiral Markets)
Plus500
IG
Spreadex
ActivTrades
CMC Markets
MultiBank
XM
Available products at the top CFD brokers in Malaysia

Best CFD brokers
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

#1 Best CFD broker
XTB

XTB is a global CFD broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to regularly disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange and publishes its financial statements transparently.

HEADS UP: Recent feedback about deposit and withdrawal – The details of depositing by wire transfer might be unclear for some of our users according to recent feedback we received. If you have problems, head to the 'Deposit and withdrawal' section of the review, where we explain how to make a free wire deposit to your XTB account under the section's 'Deposit and fees and options' heading.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit broker
81% 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
Withdrawal fee $0
Read review For a detailed analysis of XTB services, check out our review for 2023
Capital.com Logo

#2 Best CFD broker
Capital.com

Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar, where each is authorized and regulated locally by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA), respectively.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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79% of retail CFD accounts lose money

Capital.com snapshot
Minimum deposit $20
Mobile app score 4.9 stars
Deposit methods Bank transfer, Credit/debit cards, Apple Pay, PayPal
Withdrawal fee $0
Read review For a detailed analysis of Capital.com services, check out our review for 2023
Admirals (Admiral Markets) Logo

#3 Best CFD broker
Admirals (Admiral Markets)

Admirals (Admiral Markets) is a Global forex and CFD broker founded in 2001. It is overseen by multiple regulators in the various regions it serves. These regulators are the UK's Financial Conduct Authority (FCA), the Estonian Financial Supervision Authority (EFSA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC) and the Jordan Securities Commission (JSC). Of these, the FCA and the ASIC are top-tier financial authorities.

Admirals is considered safe because it has a long track record, discloses its financials, and its parent company, the Admirals Group is listed on a stock exchange.

Admirals was formerly called Admiral Markets, but it is currently going trough a rebranding process. This should be of no concern to clients, as this doesn't affect the broker's services in any negative way.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit broker
80% of retail CFD accounts lose money

Admirals (Admiral Markets) snapshot
Minimum deposit $100
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong
Withdrawal fee $0
Read review For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023
Plus500 Logo

#4 Best CFD broker
Plus500

Plus500 is a London Stock Exchange-listed global CFD broker that was founded in 2008 in Israel. It is regulated by several international financial authorities, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Plus500 has three different platfroms, Plus500 CFD, where you can trade CFDs, Plus500 Invest, where you can trade stocks and Trade Sniper, where you can trade futures. Trade Sniper is only available for US citizens.

Being listed on a stock exchange, regulated by several top-tier financial authorities, and disclosing its financials publicly are all good signs for Plus500's reliability.

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86% of retail CFD accounts lose money

Plus500 snapshot
Minimum deposit $100
Mobile app score 5.0 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal, Skrill
Withdrawal fee $0
Read review For a detailed analysis of Plus500 services, check out our review for 2023
IG Logo

#5 Best CFD broker
IG

IG, established in the UK in 1974, is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.

IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Visit broker
75% of retail CFD accounts lose money

IG snapshot
Minimum deposit $0
Mobile app score 5.0 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal
Withdrawal fee $0
Read review For a detailed analysis of IG services, check out our review for 2023
Spreadex Logo

#6 Best CFD broker
Spreadex

Spreadex is a global CFD and forex broker founded in 1999. It is regulated by the top-tier UK Financial Conduct Authority (FCA). The company also operates a separate sports betting service.

Spreadex is considered safe because it has a long track record and is regulated by a top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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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 2023
ActivTrades Logo

#7 Best CFD broker
ActivTrades

ActivTrades is a global forex broker founded in 2001. It is regulated among others by the UK's Financial Conduct Authority (FCA) and the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg.

ActivTrades having a long track record and being regulated by the FCA, a top-tier financial authority, are all good signs for its safety.

ActivTrades operates both UK and EU websites (under the co.uk and .eu domains), as well as an international one (.com). Some products, fees and conditions may differ depending on the entity concerned.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit broker
74-85% of retail CFD accounts lose money

ActivTrades snapshot
Minimum deposit $0
Mobile app score 3.9 stars
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, AstroPay, Sofort
Withdrawal fee $0
Read review For a detailed analysis of ActivTrades services, check out our review for 2023
CMC Markets Logo

#8 Best CFD broker
CMC Markets

CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.

Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for CMC Markets' reliability.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit broker
76% of retail CFD accounts lose money

CMC Markets snapshot
Minimum deposit $0
Mobile app score 5.0 stars
Deposit methods Bank transfer, Credit/debit cards, PayPal
Withdrawal fee $0
Read review For a detailed analysis of CMC Markets services, check out our review for 2023
MultiBank Logo

#9 Best CFD broker
MultiBank

MultiBank is a global CFD and FX broker. MultiBank Group was established in California, USA, in 2005 with headquarters in Hong Kong. They are a global financial group whose member companies are active in areas from asset management to brokerage. MultiBank's brokerage service is operating under several legal entities, regulated by the Australian Securities and Investments Commission (ASIC) and other financial authorities. In this review, we will use MultiBank as a name for the brokerage service.

MultiBank is considered safe because it is regulated by the top-tier ASIC and has a reasonably long history, dating back to 2005.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

MultiBank snapshot
Minimum deposit $200
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Neteller, Skrill, Sepa, Praxis, Bitcoin, tether, myFatoorah, pagsmile,Paytrust, PlusWallets, Thai QR payment, PaymentAsia, GlobePay, korapay, Boletol, Pay Retailers, pix, SPE, dragonpay, GCash
Withdrawal fee $0
Read review For a detailed analysis of MultiBank services, check out our review for 2023
XM Logo

#10 Best CFD broker
XM

XM is an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009.

XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Commission of Belize (FSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit broker
74.89% of retail CFD accounts lose money

XM snapshot
Minimum deposit $5
Mobile app score 3.8 stars
Deposit methods Bank transfer, Credit/debit cards, Skrill, Neteller for withdrawal, Sticpay for Deposit (under IFSC)
Withdrawal fee $0
Read review For a detailed analysis of XM services, check out our review for 2023

Best CFD brokers
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Best CFD brokers
How did BrokerChooser select the best CFD brokers in Malaysia?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fee, commission),
  • Specifically compared CFD fees,
  • Checked minimum deposit requirements,
  • Looked at the range of CFDs available,
  • Opened an account and tested the platform (charting, features, usability) 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 500 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 50,000 data points overall.

Best CFD brokers
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.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

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

Visit XTB
81% of retail CFD accounts lose money
Visit Capital.com
79% of retail CFD accounts lose money
Visit Admirals (Admiral Markets)
80% of retail CFD accounts lose money
Visit Plus500
86% of retail CFD accounts lose money
Visit IG
75% of retail CFD accounts lose money
Visit Spreadex
64% of retail CFD accounts lose money
Visit ActivTrades
74-85% of retail CFD accounts lose money
Visit CMC Markets
76% of retail CFD accounts lose money
Visit MultiBank
74-89% of retail CFD accounts lose money
Visit XM
74.89% of retail CFD accounts lose money

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