Forex trading owing to its simplicity and high profitability has been gaining popularity in different corners of the world. Malaysia is a country where Forex Trading figured out a significant growth, as a result, the number of traders in the country is significantly increasing. Forex Trading in Malaysia is somehow specifically owing to several factors, Told Benzinga report published recently. This report was based on the recent research done by Traders Union on Forex Trading status in Malaysia.
Here are some specialties of Forex trading in Malaysia
Traders Union, an experienced forex member-based organization is actively involved in helping traders in bargaining and making the right decisions while making investments in any forex trading platform. While opting for Forex brokers in Malaysia, Traders Union implemented around 100 criteria by segmenting them into 5 major groups.
-According to the Traders Union report published in Benzinga, brokers have to follow special conditions for traders to get approval in Malaysia.
-One significant condition is to provide Islamic Accounts.
List of top 10 brokers in Malaysia by Traders Union
Traders Union after deep research and analysis of various factors issued the list o top 10 brokers in Malaysia. Traders Union reported these brokers into the top category list based on their total scores, usability comfort, commissions, and up-to-the-mark trading conditions.
1-Roboforex
- High-tech trading and investment facilities
- Trading robots
- PAMM accounts
- Offers R Mobile and R Web trader facility
- Allows insurance up to EUR 20,000
2-E Toro
- The broker company provides the largest copy trading facility
- Stock trading is available here
- The broker is regulated in UK and Cyprus
3-Interactive Brokers
- With more than 45 years in the trading industry, it is a group of reliable brokers
- Have more than 10 financial activity licenses
- Known for its trust factor
4-FxPro
- If you want to open an easy trading account, FxPro is a great place for it
- You can open an account with zero deposits
- Also, there are no withdrawal charges
Also Read: Digital Journal describes Best Forex Bonus Programs suggested by Trade Analysts
5-Admiral Markets
-Advanced instruments available for traders
-Trading accounts without any commission
-Simple to use and good for regular traders
6-AvaTrade
-Traders get the option of advanced analysis which helps them make the right decisions while making financial decisions
-Adding and withdrawing funds is free from any charges
7-Tickmill
–Low trading fees
-No deposit and withdrawal fees
8-FBS
-This broker provides ECN accounts to traders
-Traders have direct access to liquidity
-Allows copy trading
9-IG
-Advanced learning tools for new traders
-User-friendly web trading
10-Exness
-Fastest execution of orders
-Minimum spreads on instruments and currency pairs
Also Read: Traders Union explains how RoboForex Malaysia is a leading software developer in the forex industry
How RoboForex is the Best Forex Broker in Malaysia?
With high-tech trading facilities, trading robots, and PAMM accounts, RoboForex tops the list of top 10 forex traders’ union-reported trading platforms. Major offerings which make it a commendable platform for forex broking than any other are the following-
1-Most advanced investment platform
2-5 different options in form of trading platforms
3-Also includes R Mobile trader and R Web, trader
4-Automated trading and trading robots
5-Floating spreads offered from 0.1 pips, leverage up to 1:2000.
6-PAMM accounts and copy trading options of passive investment
7- Insurance up to EUR 20,000.
If you are a person passionately looking to trade in stocks, then don’t miss the opportunity. RoboForex is a smart option, also for those newbies who want to see returns quickly. Huge potential returns are waiting for you, just make the decision now.