Forex Brokers Registered in Malaysia

Twenty-one of the brokers we track give a registered address in Malaysia, and this page lists every one of them, ordered by overall score. That address is the whole boundary here: it means a company files its papers in Malaysia, and nothing more. It does not mean the Securities Commission Malaysia supervises the firm, and it does not mean the broker may legally take on a Malaysian retail client. Only two of the twenty-one hold a top-tier licence, both of them foreign, and neither is Malaysian.

The list divides cleanly in two. Three firms hold a Capital Markets Services Licence from the Securities Commission Malaysia (SCM), the onshore regulator that governs securities and derivatives on the mainland: Kenanga Futures, opened in 1995, alongside the two TA houses, TA Enterprise (registered in 1987 and the oldest firm on this page) and TA Futures. Ten more are registered in Labuan, the federal territory that runs its own offshore centre under the Labuan Financial Services Authority (LFSA), among them Exfor from 2004, UTrada and Nexus Fintrade. The rest carry a foreign licence or none at all.

What a Malaysian registration does, and does not, tell you

A Securities Commission licence and a Labuan licence are not the same product. The SCM sits onshore, and its Capital Markets Services Licence is the one a broker needs to serve residents of the mainland. A Labuan money-broking licence is issued for the international zone and points outward, at clients elsewhere. Both are real, and the difference matters more than the shared flag on the map. It is why the highest score on the page belongs to Moomoo (76.1), a firm that also carries a suspicious-clone flag in our records, while the long-established Securities Commission futures brokers score in the high twenties.

Age and leverage break along the same line. Five of the twenty-one opened before 2015 and ten opened in 2020 or later, so this is a young population with a handful of old anchors. Maximum leverage runs from 1:1 at TA Enterprise up to 1:1000 at three of the Labuan-registered firms. The median score across the list is 32.1, and only three brokers clear 40.

Who you will not find here

The large international brokers a Malaysian trader is likely to have heard of are absent, because none of them is registered in Malaysia. They sit under an Australian or Cypriot address and appear on those lists instead. This page is the inverse of the usual best-brokers-for-Malaysia roundup: it holds the firms with a Malaysian head office, whoever they serve, rather than the global firms that accept Malaysian sign-ups.

Before you act on any entry here:

• Check whether the licence is a Securities Commission Capital Markets Services Licence or a Labuan money-broking licence, because only the first is written for mainland residents.
• Read the recorded status: eight of these firms carry a caution rather than a clean regulation flag, and four of those eight are recorded as unlicensed.
• Confirm the licence number on the regulator's own register before depositing, since a registered address is not a supervised one.
• Match the entity you are contracting with to the one named on the licence, not the marketing brand.