1,062 broker-country pairs measured448 brokers20 countriesformula v1.0recalculated 2026-07-09data re-captured 2026-07-09updated 1 day agoAffiliate links never change scores.

Trade Nation in MY — review, licence and costs

NANurul Aisyah author DMDaniel Mercer editor HRHafiz Rahman fact-checker score recalculated 01.10.2026

noAccepts residents of MalaysiaOpened by Trade Nation (Malaysia) Sdn. Bhd., SC Malaysia licence no data, register checked 2026-07-09

Cost calculator (53 of 84 accounts · median of 84 priced)

Score (53 of 84 of 84 axes)

shown, not ranked: no cost

Reviews25%reviews 85
Reviews20%no data
Reviews20%safety 10
Reviews15%payouts 80
Reviews10%track_record 60
Reviews10%platforms 55

2 + 3 × 0.751 = 4.25 · axes on 0–100, total on 2.0–5.0

Key facts (53 of 84 fields)

Onboarding entity: Trade Nation Ltd
Founded: 2014
Min deposit: no data USDMY
Retail leverage: 200MY
Round turn: no data USDMY
Withdrawal: up to 24 hours hMY
Currencies: Account base currencies GBP, EUR, USD, AUD and ZAR; no MYR account.
Swap-free account: yes

Licence check (53 of 84 of 84 entity)

SC Malaysia · CMSL, dealing in derivatives

no data

Active on registerchecked 2026-07-09https://tradenation.com

Open an account with Halden

Affiliate link; the score does not change. CFDs carry a high risk of rapid loss due to leverage.

Who actually onboards you(53 of 84 local and 1 offshore entity in the group)

Sign-up from a Malaysia addressRouted to Malaysia Sdn. Bhd. by residence, not by IP.
KYC by Malaysia Sdn. Bhd.MyKad and proof of address.
Contract with the Sdn. Bhd.SC Malaysia rules apply; complaints go to SC Malaysia.
Client moneySegregated with a Malaysia bank; bank name no data

Local entityUsed for Malaysian residents

Trade Nation (Malaysia) Sdn. Bhd., SC Malaysia CMSL/A0271/2015
Retail leverage 1:50MY
Negative balance protection: yes

Offshore entityNot used for Malaysian residents

Halden Global Ltd, FSA Seychelles
Leverage 1:1000group
No SC Malaysia complaints route

If the sign-up form ever lands you on the Seychelles entity, the SC Malaysia licence above does not cover your account.

Leverage by entity (53 of 84 of 84 entities stated)

The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Malaysian residents enters the score.

Local entity · onboards youLocal entitylocal · SC Malaysia licence no data

1:200MY

Malaysia median, local entities: 1:50 · 18 of 20 statedApplies to you

Local entity · onboards youOffshore entityoffshore · SC Malaysia licence no data

1:750MY

Malaysia median, local entities: 1:50 · 18 of 20 statedApplies to you

Scale from 1:10 to 1:3000, logarithmic.

Client protection (53 of 84 of 84 stated)

Local entity onboards youOffshore (SCB Bahamas); not authorised by SC Malaysia and no local compensation scheme.client agreement §4.2 · page
Segregated client fundsno dataclient agreement §4.2 · page
Negative balance protectionno dataclient agreement §4.2 · page
Investor compensation schemeno dataclient agreement §4.2 · page
Regulator warning on filenone foundclient agreement §4.2 · page

“no data” means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.

Price against Malaysia market median(priced from 53 of 84 of 84)

Round turn, 1 lot EURUSD, spread plus commission, USD

Halden Raw6.20

Malaysia median, raw and swap-free9.20

Halden Standard11.40

Malaysia median, standard (53 of 84 priced)13.90

Instrument	Halden Raw, USD	Halden Std, USD	Malaysia median raw	Malaysia median std	Priced

Medians run over the brokers that publish a Malaysia price, never over all 44. Group-wide prices are excluded.

Accounts(53 of 84 types)

Account	Min deposit, USD	EURUSD spread, pips	Commission, USD	Leverage	Swap	Currencies

Swap-free account terms (53 of 84 terms · 5 stated)

Term	Halden, Malaysia

Terms read from the account page on 01.10.2026. The cap on open positions is not published.

Payouts(53 of 84 of 84 methods timed)

Method	Deposit, h	Withdrawal, h	Fee, USD	Min, USD

Taxes for a Malaysian resident(53 of 84 rules · as of 10.2026)

Malaysia has no general capital gains tax on personal investment gains, so occasional/personal forex gains are typically not taxed as capital gains.https://tradenation.comdomain

Not tax advice. Check with LHDN (Inland Revenue Board).

Deposit and withdrawal methods (53 of 84 methods · 2 local)

Visalocal
Deposit
instant
Withdrawal
deposit only
Fee
no data
Mastercardlocal
Deposit
instant
Withdrawal
deposit only
Fee
no data
bank transfer; local MYR rails not verified at reviewlocal
Deposit
instant
Withdrawal
deposit only
Fee
no data

Account currency: Account base currencies GBP, EUR, USD, AUD and ZAR; no MYR account.
Fastest withdrawal: up to 24 hours h MY
Fee declared: 4 of 6 methods
Withdrawal back to: the funding method

Where it does not serve(53 of 84 countries)

United States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North KoreaUnited States, Iran, Syria, Cuba, North Korea

From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.

Platforms and markets(53 of 84 of 84 platforms confirmed · 6 asset classes)

MT5: TN Trader, MetaTrader 4
cTrader: TN Trader, MetaTrader 4
Web terminal: TN Trader, MetaTrader 4
Mobile app: TN Trader, MetaTrader 4
Copy trading: TN Trader, MetaTrader 4
TradingView: TN Trader, MetaTrader 4

Class	Count	Min spread	Leverage

Reviews(53 of 84 platform · 25% of the score)

4.2/ 5

Trustpilot rating

1,384

reviews

28.09

snapshot, 2026

5 star64%

4 star14%

3 star6%

2 star4%

1 star12%

Snapshot	Rating	Reviews

Share of reviewers in Malaysia: no data The platform does not publish it.

Topics in 1-star reviews (53 of 84 reviews, snapshot 28.09.2026)

Withdrawal delays41 · 25%

Verification (KYC)33 · 20%

Slippage22 · 13%

Support response19 · 11%

Other51 · 31%

Pros and cons(53 of 84 + 5, each tied to a figure above)

For

Raw round turn 6.20 USD vs Malaysia median 9.20
SC Malaysia licence CMSL/A0271/2015, active on 01.10.2026
MYR account; bank withdrawal 24 h, fee 0
Swap-free with no admin fee; ranked #1 of 30
One of 6 of 44 brokers that publish a withdrawal time

Against

Payouts axis 58 of 100, the lowest of six
Min deposit 100 USD vs 10 at Tidemark
E-wallet withdrawal time and fee not published
Group site advertises 1:1000, unavailable to Malaysian residents
Gold round turn 9.80 USD; 3 brokers price it lower

Alternatives in Malaysia(53 of 84 of 84)

Methodology(53 of 84 axes · formula v1.0)

Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Malaysia score. Full methodology

Axis	Weight	What is measured	Halden

Where Halden sits in the Malaysia base(53 of 84 brokers)

Round-turn cost, USD (53 of 84 of 84 priced)

2<6.5

26.5–7.5

27.5–8.5

38.5–9.5

39.5–10.5

110.5–11.5

4≥11.5

Highlighted: Halden Raw at 6.20

Minimum deposit, USD (53 of 84 of 84 priced)

9<25

925–99

10100

3101–299

4≥300

Highlighted: Halden at 100 · Malaysia median 50

Retail leverage (53 of 84 of 84 with a Malaysia figure)

11≤1:30

71:50

51:51–200

61:201–400

10>1:400

1 group-only figure excluded · 4 no data

Withdrawal time published (53 of 84 brokers)

Published, hours6No data38Halden is one of the 6

FAQ(53 of 84 questions)

Verified · What changed · Sources(53 of 84 sources · 4 changes)

Verified01.10.2026

next review 01.01.2027

What changed

Sources · precision