A couple of years ago, Malaysia used to be a no-go zone for forex trading. However, with the economy growing, forex trading in the region has improved immensely. One of the most integral parts when it comes to forex trading is choosing a reliable and experienced trader.
There are many brokers in Malaysia, but here is a list of the best three in the country.
Ava Trade has been in the forex business for close to 15 years. It has a very user-friendly interface that anyone can handle. The platform has a selection of various trading classes ranging from indexes, equities, currency pairs, and even commodities. It has various platforms that make trading easy and simplify the brokerage process. If you are a beginner, it is a good platform, to start with since it has free online trading classes.
This company has been in existence for more than a decade and has its headquarters in Cyprus. The broker has a very low minimum deposit of $5, and it offers various modes of payment. On the platform, you can trade in various currency pairs and other financial products such as derivatives. It is one of the best forex brokers according to FxExplained, and it comes second after Ava Trade. Although the company is not as old as other forex brokers, it has built a name for itself. It is known for using Dashin’s formula to make money for its clients.
eToro has been in the forex trading business since 2007. The company was founded by the Assia siblings together with David Ring. Their original name was RetailFX, and this was the first-ever company to be an online broker specifically for social trading. This method opened up the practice to everyone, regardless of one’s experience. On this platform, you can trade many financial assets such as stocks, commodities, currencies, and indexes.