Open FxPro's siteFunding in MYR: why the local method matters
A broker that accepts MYR by a local method takes the currency conversion out of the deposit and usually out of the withdrawal too. Where it does not, every deposit and every withdrawal pays a conversion, and that cost never appears in a spread table.
The method also sets the speed. A local bank transfer or instant EFT settles in hours; a card refund to a foreign acquirer and an international wire are measured in days, and the delay lands on the withdrawal, which is when it is felt.
The ten below publish a local funding method for Malaysia.
How brokers take money in Malaysia (79 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 (30 of 83 counts · 75 brokers onboarding Malaysian residents)
Top 3 (of 3 ranked)
Funding in MYR: why the local method matters (30 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 | 9 | 25 group | 1000MY | 0.5 | 4.02 | ECN/raw + standard | 2011 | 2 methods · local | |
| 4 | 7 | 10 group | 1000MY | 24 | 3.84 | ECN/raw | 2008 | 3 methods · local | |
| 5 | 7 | 50 group | 500MY | 24 | 3.8 | ECN/raw + standard | 2011 | 5 methods · local | |
| 6 | 6 | 10 | 2000MY | 0.17 | 3.77 | ECN/raw + standard | 2004 | 4 methods · local | |
| 7 | 10 | — | 200MY | 24 | 3.75 | ECN/raw + standard | 2010 | 4 methods · local | |
| 8 | — | 0 | —stated, not verified | 48 | 3.71 | — | 1990 | 3 methods · local | |
| 9 | 3 | 10 group | 3000MY | 48 | 3.7 | ECN/raw + standard | 2012 | 4 methods · local | |
| 10 | 5 | 0 | 500 groupMY | 48 | 3.68 | ECN/raw + standard | 1989 | 2 methods · local | |
| 11 | 7 | 5 | 1000MY | 24 | 3.67 | ECN/raw + standard | 2009 | 4 methods · local | |
| 12 | 11 | 5 group | 3000MY | 24 | 3.67 | Standard | 2009 | 3 methods · local | |
| 13 | — | — | —stated, not verified | — | 3.64 | — | 1970 | 3 methods · local | |
| 14 | 16 | 0 group | 500MY | 24 | 3.62 | Standard | 2010 | 6 methods · local | |
| 15 | 9 | 100 group | 400MY | 48 | 3.58 | Standard | 2006 | 2 methods · local | |
| 16 | 8 | — | 500MY | 72 | 3.49 | ECN/raw + standard | 2015 | 3 methods · local | |
| 17 | 5 | 10 group | 2000MY | 24 | 3.42 | ECN/raw + standard | 2012 | 3 methods · local | |
| 18 | 11 | 50 group | 1000 groupMY | 72 | 3.39 | ECN/raw + standard | 1999 | 4 methods · local | |
| 19 | 7 | 10 group | 2000MY | 24 | 3.35 | ECN/raw + standard | 2011 | 3 methods · local | |
| 20 | 5 | 50 group | 2000MY | 120 | 3.2 | ECN/raw + standard | 2016 | 5 methods · local | |
| 21 | 13 | 10 group | 2000 groupMY | 24 | 3.19 | ECN/raw + standard | 2009 | 4 methods · local | |
| 22 | — | — | —stated, not verified | — | 3.15 | — | 2017 | 3 methods · local | |
| 23 | — | — | —stated, not verified | — | — | — | 1979 | 3 methods · local | |
| 24 | — | — | —stated, not verified | 24 | — | — | 1994 | 3 methods · local | |
| 25 | — | — | —stated, not verified | 24 | — | — | 1944 | 3 methods · local | |
| 26 | — | — | —stated, not verified | 24 | — | — | 1991 | 3 methods · local | |
| 27 | — | — | —stated, not verified | — | — | — | 1972 | 3 methods · local | |
| 28 | — | — | —stated, not verified | — | — | — | 1973 | 3 methods · local | |
| 29 | — | — | —stated, not verified | — | — | — | — | 3 methods · local | |
| 30 | — | — | —stated, not verified | 24 | — | — | 1974 | 1 methods · local |
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
— the broker does not publish this figure; it is not read as a zero and it is not scored.
BDSwiss publishes a retail leverage of 1:2000 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. Brokers with local payment methods 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.
2. OctaFX — on securities commission malaysia (sc) i · withdrawal in 0.5 h (score 4.02)
- Round turn
- 9 USD
- Withdrawal
- within 30 minutes or less
- MYR account
- USD/EUR; no MYR account verified.
- Leverage
- 1000MY
- Accepts residents
- through an offshore entity
- Onboarding entity
- Octa Markets Ltd
- Founded
- 2011
- Register
- https://sc.com.my · 09.07.2026
- Group leverage
- offshore
- Instruments
- FX, metals, indices, commodities, crypto & stock CFDs.
- Platforms
- Funding
- Not served
Round turn 9 USD against the slice median 7 USD. strongest axis payouts 100 of 100. total score 4.02.
Watch forMin deposit 200 USD, double the Malaysia median of 50; withdrawal time not published.
3. NordFX — unregulated/unauthorised in malaysia; of · withdrawal in 24 h (score 3.84)
Round turn 7 USD against the slice median 7 USD. strongest axis round-turn cost 90 of 100. total score 3.84.
Watch forOnboards Malaysian residents through an offshore entity: no SC Malaysia licence, no SC Malaysia complaints route, no MYR account.
What the data shows(30 of 83 distributions · 75 brokers)
Swap-free availability (30 of 83 brokers)
Admin fee after the free period (30 of 83 swap-free)
Who onboards Malaysian residents (30 of 83 brokers)
MYR account (30 of 83 brokers)
Minimum deposit, USD (65 of 83 · median 10 USD)
Full list(30 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
- 3OctaFX4.02
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 25 group
- Leverage
- 1000MY
- MYR
- Yes
- 4NordFX3.84
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 10 group
- Leverage
- 1000MY
- MYR
- Yes
- 5ACY Securities3.8
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 50 group
- Leverage
- 500MY
- MYR
- Yes
- 6FreshForex3.77
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 10
- Leverage
- 2000MY
- MYR
- Yes
- 7Pepperstone3.75
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 10
- Leverage
- 200MY
- MYR
- Yes
- 8UOB Kay Hian Malaysia3.71
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Min deposit, USD
- 0
- MYR
- Yes
- 9JustMarkets3.7
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 3
- Min deposit, USD
- 10 group
- Leverage
- 3000MY
- MYR
- Yes
- 10CMC Markets3.68
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 0
- Leverage
- 500 groupMY
- MYR
- Yes
- 11XM3.67
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 5
- Leverage
- 1000MY
- MYR
- Yes
- 12FBS3.67
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 11
- Min deposit, USD
- 5 group
- Leverage
- 3000MY
- MYR
- Yes
- 13Affin Hwang (Affin Hwang Investment Bank / now Affin Investment)3.64
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- MYR
- Yes
- 14Global Prime3.62
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 16
- Min deposit, USD
- 0 group
- Leverage
- 500MY
- MYR
- Yes
- 15AvaTrade3.58
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 100 group
- Leverage
- 400MY
- MYR
- Yes
- 16Fullerton Markets3.49
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Leverage
- 500MY
- MYR
- Yes
- 17BDSwiss3.42
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 10 group
- Leverage
- 2000MY
- MYR
- Yes
- 18FXCM3.39
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 11
- Min deposit, USD
- 50 group
- Leverage
- 1000 groupMY
- MYR
- Yes
- 19FXTM3.35
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 10 group
- Leverage
- 2000MY
- MYR
- Yes
- 20Ultima Markets3.2
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 5
- Min deposit, USD
- 50 group
- Leverage
- 2000MY
- MYR
- Yes
- 21RoboForex3.19
- Onboards
- Local · SC Malaysia
- Swap-free
- none, no limit
- Round turn, USD
- 13
- Min deposit, USD
- 10 group
- Leverage
- 2000 groupMY
- MYR
- Yes
- 22Rakuten 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?
- 30 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 30 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(30 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.