Open FxPro's siteA local licence or an offshore one: the difference
A broker can take clients in Malaysia in two ways: through a company licensed by the SC here, or through a company licensed somewhere else. Both happen, and the second is not the same as being unregulated.
What changes is where you stand if something goes wrong. A locally licensed entity is answerable to the SC and to the complaint route that comes with it; an offshore entity is answerable to its own regulator, in its own jurisdiction, under its own compensation rules - which may be generous, limited, or absent.
The ten below hold a local licence. The brokers that do not are not hidden: they have their own page, because the question a reader asks is usually about one named firm.
Licensed in Malaysia, or not (82 of 83)
Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.
Key facts (14 of 83 counts · 75 brokers onboarding Malaysian residents)
Top 3 (of 1 ranked)
A local licence or an offshore one: the difference (14 of 83)
| # | Broker | Round turn, USDMY | Min deposit, USDMY | Leverage | Withdrawal, hMY | Score | Execution | Founded | Funding |
|---|---|---|---|---|---|---|---|---|---|
| 1 | — | 0 | 3MY | 48 | 4.17 | — | 1963 | 3 methods · local | |
| 2 | 6 | — | —stated, not verified | 72 | 4.08 | ECN/raw + standard | 1986 | 2 methods · local | |
| 3 | — | 0 | —stated, not verified | 48 | 3.71 | — | 1990 | 3 methods · local | |
| 4 | — | — | —stated, not verified | — | 3.64 | — | 1970 | 3 methods · local | |
| 5 | — | — | —stated, not verified | — | 3.15 | — | 2017 | 3 methods · local | |
| 6 | — | 1 | 400MY | 120 | — | ECN/raw + standard | 2006 | 3 methods | |
| 7 | — | — | —stated, not verified | — | — | — | 1979 | 3 methods · local | |
| 8 | — | — | —stated, not verified | 24 | — | — | 1994 | 3 methods · local | |
| 9 | — | — | —stated, not verified | 24 | — | — | 1944 | 3 methods · local | |
| 10 | — | — | —stated, not verified | 24 | — | — | 1991 | 3 methods · local | |
| 11 | — | — | —stated, not verified | — | — | — | 1972 | 3 methods · local | |
| 12 | — | — | —stated, not verified | — | — | — | 1973 | 3 methods · local | |
| 13 | — | — | —stated, not verified | — | — | — | — | 3 methods · local | |
| 14 | — | — | —stated, not verified | 24 | — | — | 1974 | 1 methods · local |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
IFC Markets publishes a retail leverage of 1:400 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.
The ten above illustrate the term. SC-regulated brokers in Malaysia lists every broker that qualifies, with the figure each one publishes.
Identical for every row, so it is stated once: Who onboards Local · SC Malaysia · Swap-free fee none, no limit · MYR account Yes.
1. CIMB Securities Sdn Bhd — highest score of the three · cheapest priced of the three · locally licensed (score 4.08)
- Round turn
- 6 USD
- Withdrawal
- up to 3 business days
- MYR account
- MYR
- Accepts residents
- yes
- Onboarding entity
- CIMB Securities Sdn Bhd (formerly KAF Equities Sdn Bhd; acquired by CIMB Investment Bank Berhad, completed Feb 2024)
- Founded
- 1986
- Register
- https://www.cimb.com/en/wholesalebanking/product-services/cimb-securities.html · 11.07.2026
- Group leverage
- uncleargroup
- Instruments
- Bursa Malaysia-listed shares, warrants and ETFs
- Platforms
- Funding
- Not served
- Reviews25%65
- Round-turn cost20%95
- Safety90
- Payouts15%40
- Track record10%100
- Platforms0
Round turn 6 USD against the slice median 7 USD. strongest axis track record 100 of 100. total score 4.08.
Watch forPayouts axis 58 of 100; e-wallet times not published.
What the data shows(14 of 83 distributions · 75 brokers)
Swap-free availability (14 of 83 brokers)
Admin fee after the free period (14 of 83 swap-free)
Who onboards Malaysian residents (14 of 83 brokers)
MYR account (14 of 83 brokers)
Who grants the leverage figure (67 of 83)
Full list(14 of 83)
- 1M+ Online (Malacca Securities)4.17
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Min deposit, USD
- 0
- Leverage
- 3MY
- MYR
- Yes
- 2CIMB Securities Sdn Bhd4.08
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 6
- MYR
- Yes
- 3UOB Kay Hian Malaysia3.71
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Min deposit, USD
- 0
- MYR
- Yes
- 4Affin Hwang (Affin Hwang Investment Bank / now Affin Investment)3.64
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- MYR
- Yes
- 5Rakuten Trade3.15
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- MYR
- Yes
How to read the ten below
- Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
- Check which company would onboard you.
The same brand can take a resident of Malaysia through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
- Read the cost beside the deposit.
The median round turn across this country is 7.0 USD and the median minimum deposit 5.0 USD; a low deposit beside a wide spread takes the difference back on every trade.
Neighbouring slices(6 rankings · 5 explainers)
FAQ
- How many brokers qualify for this ranking in Malaysia?
- 14 of 83 brokers measured for this country qualify.
- Which broker leads it, and on what basis?
- CIMB Securities Sdn Bhd leads it with a score of 4.08. The order is computed score, highest first; unscored brokers follow.
- What does a trade typically cost here?
- The median round turn - spread plus commission for one standard lot, in and out - is 7.0 USD across the brokers that publish both parts.
- Why do some rows show a dash instead of a figure?
- Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.
- Why are only ten brokers shown here?
- This page explains the term; the ten illustrate it. The full ranking lists 14 of 83 and is one click away.
How this slice is scored
Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology
Verified · What changed · Sources(14 of 83 broker records)
Risk warning and affiliate disclosure
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.