CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. To find the best forex brokers in Malaysia, we created a list of all brokers that accept new customers from Malaysia and ranked them by their Overall ranking, calculated during our in-depth annual review of forex brokers.

This exacting analysis of more than variables includes our proprietary Trust Score more on Trust Score below. Compare Malaysian authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below.

This broker list is sorted by the firm's ForexBrokers. com Overall ranking. In addition to our top picks above, we've reviewed and rated several more brokers who accept residents of Malaysia as clients, as shown in the table below.

Choosing a regulated broker is important for avoiding scams, and the country where your broker is regulated is equally important. Our Trust Score, a proprietary algorithm, ranks regulatory agencies into three groups, with Tier 1 indicating the most trusted financial centers and Tier 3 the least.

Our data collection on each broker results in a ranking from 1 to 99 of the broker's overall trust. The higher a broker's Trust Score, the better. Learn more about Trust Score here. To identify if a forex broker is regulated by SCM, the first step is to identify the register number from the disclosure text at the bottom of the broker's Malaysia homepage. Next, look up the firm on the SCM website to validate the current regulatory status of the broker in Malaysia.

Here is the official page with the public register of license holders on SCM. It's also worth noting that Bank Negara Malaysia, the Central Bank of Malaysia that regulates money service businesses and forex dealers, has issued guidelines for cryptocurrencies with which companies must comply when dealing with crypto assets.

IG is the best forex broker in Malaysia among all brokers that accept Malaysian residents. IG ranks highly across key categories, including its trust factor using our proprietary Trust Score and is the No. See our full review of IG. Forex, short for foreign exchange, refers to the trading or exchanging that takes place in international currency markets, in which one currency is bought or sold in return for another foreign currency.

The goal for forex traders — and it's a tricky one — is to profit by accurately predicting fluctuations in value. Commonly traded forex pairs include the euro and U. There are various types of participants in the forex markets: retail and institutional traders, large corporations, banks, and central banks that help regulate monetary policy, such as when printing money that enters circulation.

There are at least two sides to every forex trade. On one side is a buyer, and on the other side a seller. Forex market participants either have a need for the particular currency, such as for business use or hedging risk; or are speculators taking an investment position expecting the price to move in a favorable direction.

For example, let's say you have U. dollars and expect their value to go down and want to sell them in order to buy euros for an upcoming trip to Europe. Or maybe you expect the euro price to go higher relative to the U. dollar and are looking at it as an investment.

The spread is a term used to describe the cost when you trade forex. It's the difference between the sell bid price and the buy ask price of the currency pair you're trading. Spread when buying: While the spreads may vary across brokers, account types, and forex pairs, the spread will be the same whether you buy or sell. Spreads can also widen due to volatile events such as as economic news announcements. Trader Forex Malaysia uses the highest levels of Internet Security, and it is secured by bits SSL security encryption to ensure that your information is completely protected from fraud.

Two-factor authentication 2FA by default on all Online Trade accounts, to securely protect you from unauthorised access and impersonation. Trader Forex Malaysia offers multiple platform options to cover the needs of each type of trader and investors. Chance to magnify your investment and really win big with super-low spreads to further up your profits. With advanced security systems, we keep your account always protected.

Get your hands on our customized Trading Platform with the comfort of freely trading on the move, to experience truly liberating trading sessions.

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Home » Broker » 10 Most Successful Forex Traders in Malaysia. Forex Trading in Malaysia has become very popular amongst Malaysian residents over recent years and to their benefit, any internationally regulated forex broker can accept clients from Malaysia , if they so choose.

Malaysia is a country situated in Southeast Asia with a population of approximately 32 Million potential Forex Traders. Three main factors can be seen as major contributors to the notable rise in popularity, namely the economic climate, regulatory commissions, and government support. These factors, in turn, create a perfect environment for Malaysian traders in which to flourish and the country has offered up some of the best Forex Traders in the world.

Oma Ally is a Malaysian trader famous for developing the BBMA an abbreviation of Bollinger Bands and Moving Average strategy. Through extensive researches and tests, Ally found the perfect formula utilizing these indicators and brought forth a strategy dubbed BBMA Oma Ally.

This trading strategy is well-known for being highly accurate with a low floating time, and multiple entries. Ally is renowned for sharing his knowledge with fellow investors and has been known to have mentored multiple successful traders over the years. BBMA OA is a trading community with members largely based in Malaysia, Indonesia, and Brunei Darussalam.

The community is very popular amongst Telegram users, boasting thousands of members. Oma Ally regularly opens trading classes for those who want to learn more about BBMA. Rayn Lim is a Singaporean trader which mainly operates from his native country.

Nevertheless, it should be noted that Malaysia and Singapore share borders and have the same time zone, therefor Rayn Lim is included in this list of successful Malaysian traders.

Rayn Lim is known for regularly sharing his analysis on the market, bullish and bearish signals as well as shark setups. Lim holds the certification of Harmonic Patterns Trading Coach and offers paid professional consultation to traders who face specific obstacles. Not much is known about the trader behind this account. It is said that the trader originated from Brunei Darussalam , a country which borders Malaysia and shares the same time zone.

This mystery trader joined TradingView approximately 4 years ago and the account has gathered around followers. This account is seen as one of the most experienced forex traders in the Malaysian region. The Sufiansaid account regularly posts insights on bullish long term trading plans and bearish short-term plans , a lot of self-explanatory charts and information on various currency pairs.

SL-Trades is the trading account of an investor from Sarawak, Malaysia. The account was started approximately 1 year ago and has followers thus far. SL-Trades is a well-rounded trader who operates in both Foreign exchange and stocks. SL-Trades offers a lot of information on his page, including tips on trading in general. Her focus largely falls on commodities and cryptocurrency trading.

Jeanne Kong works on bearish trends and shares interesting information related to trading in general. tohchin is an account from Malaysia which was registered approximately 3 years ago. Unfortunately, not much is known about the trader behind the account. For the most part, the account focuses on commodities, forex and indices.

tohchin has a characteristic take on Forex trading in which they work on the Indonesian Rupiah IDR and Malaysian Ringgit MYR , both of which are paired with the Singapore Dollar SGD. Teehanming is an account which joined TradingView around 8 months ago.

The Malaysian trader behind the account offers well-structured information about forex trading in general. The teehanming account focuses mainly on Malaysian stocks. LCFXpro is a professional account which is managed by a company based in Bali, Indonesia which is in close proximity to Malaysia.

LCFXpro mainly focuses on forex trading with both long term and short-term outlooks. The account also offers bullish and bearish market plans.

Ezone Constantine is the cofounder of TAD trading system, one of the most prominent technical stock trading systems in Malaysia. Through his flagship forex trading course — Ultimate Forex Program UFP , he helps traders to go from beginner to pro. Constantine is also a Certified Financial Technician CFTe under the International Federation of Technical Analysts, IFTA USA as well as a Full Member of Society Of Technical Analysts MSTA the United Kingdom.

This traders strength lies in chart pattern analysis, Fibonacci targeting and Bollinger trading systems respectively. Khalid Hamid is one of the most famous forex traders in Malaysia. He started off his career by offering a trading course called Teknik Forex Sebenar back in and the community has now evolved into TFS Price Action Trading.

According to the website, Hamid has taught thousands of traders from the region. In order for any Forex Trader to make a start in the Financial Market they must choose a Forex Broker with which to invest.

Several Factors to consider when choosing a Forex Broker includes:. Here is an overview of the 10 Best Forex Brokers and Trading Platforms accepting Malaysian Forex Traders. com is a platform which can be used for trading foreign currencies and precious metals. Traders can trade over 80 currency pairs as well as silver and gold. Customer support is available by phone, live chat, or email 24 hours a day during market hours. XTB is a European broker which was founded in , and has offices in 13 countries across the globe.

XTB is regulated by the UK Financial Conduct Authority FRN and has been listed on the Warsaw Stock Exchange since XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from:. Traders can choose from 25 crypto CFDs 9 individual coins or 16 crypto pairs which are available 7 days a week from 3am Saturday to 9pm Friday.

Traders can buy or sell digital coins with leverage and day expiry. XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. eToro is an online broker which was founded in and offers CFDs and Social Trading, with a head office based in Cyprus, UK. eToro is supervised by the Financial Conduct Authority FCA , Cyprus Securities and Exchange Commission CySEC regulatory bodies and has been in operation for over 14 years.

Forex trading has been expanding rapidly across the world in recent years. Whatever the reason is for a person to engage in forex trading, either for getting an additional income or building a full-time job, the enjoyment one can get from this field is undeniable.

Traders usually walk into forex trading with a small step, starting from gathering the necessary information and opening a forex demo account. It practically requires nothing at first, but traders must eventually dedicate time, money, and most importantly their own discretion to turn the small step into a success story. Malaysia is one country where many new traders try their hands at forex trading.

Three factors can be attributed to this phenomenon: the economic climate, regulatory commissions, and government support. These factors, in turn, create a perfect environment for Malaysian traders to flourish. Below are 8 successful traders in Malaysia who we deem worth appreciating. Most of them join TradingViews, one of the biggest platforms in the world that encourages knowledge-sharing.

Thus, this list consists of traders who are not only successful but also generous in sharing their knowledge. Oma Ally is a Malaysian trader who is famous for developing the BBMA strategy. He is renowned for his generosity in sharing his knowledge with fellow traders and has mentored and coached many successful traders over the years.

BBMA OA, a trading community whose members mostly come from Malaysia, Indonesia, and Brunei Darussalam, is very popular on Telegram with thousands of members. BBMA is an abbreviation of Bolinger Bands and Moving Average , two most-favored MT4 indicators commonly used by traders to predict the market.

Through extensive researches and tests, Oma Ally found the perfect formula to utilize these indicators and thus, bring forth a strategy dubbed BBMA Oma Ally. This trading strategy is well-known for its high entry accuracy, low floating time, and multiple entries. Thus, it has become a topic of knowledge-sharing among traders in Malaysia and its neighboring countries. Oma Ally opens trading class on a regular basis for those who want to learn more about BBMA.

It is almost guaranteed that his class is full despite it being a paid service. This shows how his reputation has earned him a high level of trust from traders. Rayn Lim is a trader of Singaporean origin and mostly operates his business from his native country. Nonetheless, it should be noted that Malaysia and Singapore share borders with each other and most importantly have the same time zone. For these two reasons, Rayn Lim is included in this list of successful traders, an individual that traders from the Malaysian region can genuinely look up to.

Rayn Lim has been active on TradingView since 3 years ago. Over the years, Rayn Lim has been regularly sharing his analysis on the market. He shares his insight about bullish and bearish signals as well as shark setups which seem to be of his particular interest.

He is a person who loves to share his expertise and knowledge to help fellow traders to capitalize on profitable situations. He holds the certification of Harmonic Patterns Trading Coach and offers paid professional consultation for when traders face specific obstacles on their trading plans.

He can be found on Twitter raynlim where he also offers daily analysis on forex trading. Presumably named after Sufian Said, not much is known about this account other than the person behind it is originated from Brunei Darussalam, a country that borders Malaysia and shares the same time zone.

This trader joined TradingView around 4 years ago and is still going strong until now. Sufiansaid regularly posts his insight on a trade on the platform. The account mainly focuses on bullish long term trading plans and bearish short term plans.

SL-Trades is an account of a trader from Sarawak, Malaysia. He started his account around 1 year ago and in a relatively short time, he has been gathering a respectable amount of reputation of 1,, with likes and followers, as well as shared ideas. SL-Trades is a well-rounded trader who operates in multiple markets. These numbers showcasing SL-Trades' versatility to take on different fields of trading are a testament to his skill set as a trader. SL-Trades present a lot of information on his page, thus the account is worth visiting for those interested in trading in general and especially forex.

Previously known as Jeannek, she joined TradingView around 5 years ago and has been gaining reputation points, likes, and followers. The number of her followers might seem to be low considering the length of time on the platform. Cryptocurrency trading is similar to forex but can be quite different. The currencies on the forex market are backed by a centralized government, while cryptos are not. For some particular reasons, the similarities between forex and cryptos do not translate well into each other due to different influential factors.

Jeanne Kong works on bearish trends and shares fascinating information related to trading in general. Occasionally, she offers opinions on forex as well. One of her characteristics in knowledge-sharing is that she presents her charts in one compact image yet loaded with plentiful information.

Jeanne Kong is a very skillful trader who offers her opinions on potential ups and downs on the market on a regular basis. She can be found actively sharing her opinions on social media as well such as Twitter jeannekong and Instagram traderjeannekong. Her skillful nature as a trader and the willingness to share her knowledge earned her a place in this list of successful Malaysian traders. tohchin is an account from Malaysia, registered around 3 years ago. Unfortunately, not much is known about this trader.

tohchin has a distinctive take on Forex trading in which they work on Indonesian Rupiah IDR and Malaysian Ringgit MYR , both of which are paired with Singapore Dollar SGD. Joining TradingView 8 months ago, teehanming is a Malaysian trader who has been offering various well-structured information about forex trading.

In less than a year, the account has accumulated reputation points and 71 likes. LCFXpro is on a whole different level compared to the others on the list. However, as it is a professional account managed by a company, comparison with individual traders is a bit unfair.

LCFXpro is based in Bali, Indonesia which is in close proximity to Malaysia. Thus, the insight and information this account shares are relatable to traders in the Malaysian region.

The account has both long term and short term outlooks for any combination of these currencies. It also offers bullish market plans and with occasional bearish ones. All information is well-structured, and in fact, among the best on the platform. The accommodating environment in Malaysia has greatly helped forex trading grow quickly and surely in the country. More and more new traders join the fun as information can be obtained simply by tapping their mobile screens.

Through the internet, successful traders can share their knowledge, and along the way gain considerable followers. New traders are undoubtedly benefited from this information as they are most likely in need of guidance before becoming successful traders themselves.

A freelance writer who has been regularly writing for BrokerXplorer since With my articles, I wish to provide forex traders with educational topics to learn from. Good day to you and kindly guide me how to invest in forex trading? I would to know more about it. Losers get high from the action; the pros look for the best odds. If intelligence were the key, there would be a lot more people making money trading.

The most important thing in making money is not letting your losses get out of hand. If you don't bet, you can't win. If you lose all your chips, you can't bet. If you can follow these three rules, you may have a chance. They are taking 5 to 10 percent risk, on a trade they should be taking 1 to 2 percent risk on. They are aware of trading psychology their own feelings and the mass psychology of the markets.

I do nothing in the meantime. Location : Australia, Canada, Chile, France, Germany, Hong Kong, Israel, Italy, Japan, South Africa, United Kingdom and United States. Not finding what you're looking for in this page? Or go to one of our top sections if you need any suggestion. Search Page Search Broker Broker Name Country Established Regulation Max Leverage Min Deposit Explore Brokers.

If you're a Malaysian-based trader, look no further for inspiration. These 8 successful Malaysian Traders prove that forex trading can be a profitable and knowledge-sharing activity. Oma Ally Oma Ally is a Malaysian trader who is famous for developing the BBMA strategy. Rayn Lim Rayn Lim is a trader of Singaporean origin and mostly operates his business from his native country.

I would to know more about it and invest a small amount as a beginner. Thank you. Regards, Sivaram. Give Your Comment Here. More Articles on Trading Success Story. The Amazing Story of Stanley Druckenmiller. The Story of Bill Lipschutz, the Sultan of Currencies.

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The GO Markets demo. Choosing the right Forex Broker and Following the Success stories of other Forex Traders will give investors a solid start in the Financial Markets. Moneta Markets. It's also worth noting that Bank Negara Malaysia, the Central Bank of Malaysia that regulates money service businesses and forex dealers, has issued guidelines for cryptocurrencies with which companies must comply when dealing with crypto assets. Thus, it has become a topic of knowledge-sharing among traders in Malaysia and its neighboring countries. Lim holds the certification of Harmonic Patterns Trading Coach and offers paid professional consultation to traders who face specific obstacles. His hands-on experience with compliance and regulatory guidelines makes him the perfect writer for regulation guides and broker reviews right here on Top Forex Trading Brokers!

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