Best Forex Brokers Malaysia with Low Deposit 2026

Top forex brokers accepting Malaysian traders with low minimum deposits from RM50. FPX, Maybank, CIMB support and Islamic accounts.

Edith Balazs

Written by

Edith Balazs

Marcus Thompson

Fact Checked by

Marcus Thompson

Last reviewed:
By:Edith Balazs
Fact-checked by:Marcus Thompson

Top 10 Low Deposit Forex Brokers for Malaysian Traders

Malaysian traders prioritize brokers with low entry costs, local bank transfers (FPX), and Shariah-compliant Islamic accounts. We've selected brokers offering deposits as low as RM50-150, accepting Maybank, CIMB, Public Bank, and RHB via FPX. All listed brokers offer swap-free Islamic accounts.

What is the minimum deposit for forex trading in Malaysia?

Minimum deposits for Malaysian traders start from as low as RM25-50 with brokers like XM, Exness, and FBS. Most brokers accept RM50-150 as a starting point.

Low Deposit Requirements

Compare minimum deposits and accessibility for Malaysian traders.

Broker
ExnessRM50
XMRM25
HFMRM50
FXTMRM150
RoboForexRM100
AvaTradeRM450
OctaFXRM150
FBSRM50
PepperstoneRM0
IC MarketsRM900

Detailed Broker Analysis

Recommended
Zero minimum with FPX/Maybank.
4.6/5App Score

Exness offers instant deposits and withdrawals via FPX for all major Malaysian banks. Low RM50 minimum and swap-free Islamic accounts.

Forex spread classUltra-Low
Minimum depositRM50
Inactivity feeRM0
Currency pairs107
Deposit methodsFPX, Maybank, CIMB, RHB
Withdrawal feeRM0
Recommended
RM25 minimum with Halal account.
4.5/5App Score

XM offers an ultra-low RM25 minimum deposit and excellent Islamic accounts. Local Malaysian support and webinars.

Forex spread classLow
Minimum depositRM25
Inactivity fee$5/mo
Currency pairs55
Deposit methodsLocal Bank Transfer, Skrill
Withdrawal feeRM0
Recommended
Zero minimum with HFCopy.
4.3/5App Score

HFM (HotForex) accepts FPX deposits and offers zero minimum. Great for copy trading and Shariah-compliant trading.

Forex spread classUltra-Low
Minimum depositRM50
Inactivity fee$5/mo
Currency pairs53
Deposit methodsFPX, Maybank, CIMB
Withdrawal feeRM0
Recommended
Excellent education and local funding.
4.4/5App Score

FXTM provides strong educational content and local bank transfers via FPX. Competitive spreads and fast execution.

Forex spread classLow
Minimum depositRM150
Inactivity fee$5/mo
Currency pairs62
Deposit methodsFPX, Local Banks
Withdrawal feeRM0
Recommended
Popular in Malaysia with swap-free.
4.2/5App Score

OctaFX offers 100% Islamic accounts and supports instant FPX deposits. Very popular among Malaysian beginner traders.

Forex spread classLow
Minimum depositRM150
Inactivity feeRM0
Currency pairs40
Deposit methodsFPX, Local Banks
Withdrawal feeRM0
Recommended
Low deposit with high leverage.
4.0/5App Score

FBS offers high leverage up to 1:3000 and low minimum deposits. Good for traders with small starting capital.

Forex spread classStandard
Minimum depositRM50
Inactivity feeRM0
Currency pairs37
Deposit methodsLocal Bank Transfer
Withdrawal feeRM0
RoboForex logo
RoboForex
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Recommended
Best for automated trading.
4.1/5App Score

RoboForex offers decent minimum deposit and excellent ECN accounts. Best for using expert advisors (EAs).

Forex spread classUltra-Low
Minimum depositRM100
Inactivity feeRM0
Currency pairs40
Deposit methodsSkrill, Neteller, Crypto
Withdrawal feeRM0
Pepperstone logo
Pepperstone
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Recommended
Premium ECN execution.
4.5/5App Score

Pepperstone has zero minimum deposit but targets more experienced traders. Excellent liquidity and swap-free options.

Forex spread classUltra-Low
Minimum depositRM0
Inactivity feeRM0
Currency pairs97
Deposit methodsBank Transfer, PayTrust
Withdrawal feeRM0
AvaTrade logo
AvaTrade
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Recommended
Strong regulation and fixed spreads.
4.3/5App Score

AvaTrade offers fixed spreads and reliable regulation. Slightly higher minimum but very safe for beginners.

Forex spread classStandard
Minimum depositRM450
Inactivity fee$50/qtr
Currency pairs55
Deposit methodsBank Transfer
Withdrawal feeRM0
IC Markets logo
IC Markets
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Recommended
Raw spreads for scalpers.
4.5/5App Score

IC Markets is the choice for scalpers with 0.0 pip spreads. Higher minimum ($200) requirement.

Forex spread classUltra-Low
Minimum depositRM900
Inactivity feeRM0
Currency pairs61
Deposit methodsBank Transfer, PayPal
Withdrawal feeRM0

Frequently Asked Questions

Minimum deposits for Malaysian traders start from as low as RM25-50 with brokers like XM, Exness, and FBS. Most brokers accept RM50-150 as a starting point.

Forex trading is legal in Malaysia when dealing with licensed institutions. Malaysian traders also legally trade with international brokers regulated by tier-1 bodies like FCA and ASIC. However, be aware of BNM regulations regarding overseas investments.

Exness, HFM, FXTM, and OctaFX accept FPX deposits. This allows instant transfers from Maybank, CIMB, Public Bank, RHB, and Hong Leong Bank.

Yes! All major brokers in Malaysia offer Islamic (swap-free) accounts that comply with Shariah law by removing overnight interest fees. Examples include Exness, XM, and HFM.

Most brokers supporting FPX work with Maybank, CIMB, Public Bank, RHB, Hong Leong, AmBank, and UOB. You can deposit directly from your online banking.

XM is excellent for beginners with low RM25 deposit and local Malay support. Exness is also a top choice due to its user-friendly app and instant FPX deposits.

You can withdraw directly to your Malaysian bank account via local bank transfer or FPX. Exness and OctaFX are known for very fast local bank withdrawals.

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Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026