The new technology is increasing trading activities in Malaysia. With mobile trading apps, traders now have constant access to trading platforms. This is so that they can quickly access brokers and stay abreast with updated trading information. It is also easy for them to take advantage of unforeseen opportunities as they arise.
For this reason, we have spent countless hours testing and researching online apps to share the best mobile trading apps in Malaysia with you.
In This Guide
Our List of the Best Mobile Trading Apps in Malaysia:
- Best Investment App: TD Ameritrade
- CFD Stock Trading App: AvaTrade
- Easy to Download Forex Trading App: Forex.com
- Best Trading App for Android: Forex.com
- Best Trading App for iOS: IG Markets
Which is the Best Investment App in Malaysia?
✔ One of the biggest brokers in the world
✔ Global reach with fantastic investment opportunities
✔ Expensive to invest with
✔ A limited selection of securities in certain jurisdictions
✔ One of the biggest brokers in the world
✔ Global reach with fantastic investment opportunities
✗ Expensive to invest with
✗ A limited selection of securities in certain jurisdictions
Fees: Commission and fees
Demo account: Yes
Min deposit: N/A
Assets: Thousands of securities and derivatives
License: CFTC, the SEC, FCA, etc.
TD Ameritrade outshines other trading platforms as the best investment mobile app in Malaysia. It offers a full range of investments, such as futures contracts, stocks, and options.
TD Ameritrade has a subsidiary platform in Singapore known as TD Ameritrade Singapore (TDA SG). It is through the TDA SG platform that Malaysian investors get to enjoy available investment opportunities. The investors can also invest in the American stock market, making TD Ameritrade the perfect investment mobile trading app in Malaysia.
Although TD Ameritrade offers a low minimum and low costs funds, its fee charges are still relatively high. Note that this investment platform is easy to use and quickly improves your investment skills. For this reason, it still is the perfect mobile trading app for both novice and experienced investors.
Which is the Best Free Trading App in Malaysia?
AvaTrade represents the top tier of online brokers.
With a combination of their own software and third-party platforms, you'll gain access to some of the best trading services and features.
✔ Easily integrated trading robots
✔ Commission-free trading
✔ A limited selection of assets
✔ Rather high spread on certain assets
✔ Easily integrated trading robots
✔ Commission-free trading
✗ A limited selection of assets
✗ Rather high spread on certain assets
Fees: 0% commission but spread on each trade
Demo Account: Yes
Min Deposit: £100
Deposit Options: Debit & Credit Cards, Skrill, Neteller, Webmoney
Assets: 1,000 assets
License: Central Bank of Ireland, ASIC, FSCA, FSA
AvaTrade has been an online trade pioneer since 2006. The company has financial and trading experts who ensure traders enjoy their experience. Whether you are novice or highly knowledgeable, AvaTrade’s in-house features improve your trading skills with its plethora of excellent tools. For this reason, it boasts as one of the best free mobile trading apps in Malaysia.
Joining the AvaTrade community is easy and takes a few minutes. There is a first minimum deposit required to create a live trading account. Note that AvaTrade does not charge deposits and withdrawal fees. This makes it an enjoyable app for frequent traders. Should your account stay inactive for some time, however, AvaTrade charges inactivity fees.
Of course, AvaTrade will charge you spread for trading. This charge mostly applies when using real money. So, it’s not just an all-free service app. Its mobile app, AvaTradeGO, is available on Google Play and the App Store, making it easy for you to trade anywhere, anytime.
AvaTrade has put a lot of attention into automatic trading software. This software is an added advantage because it is also flexible for trading robots.
Easy to Download Forex Trading App in Malaysia
Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.
Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✔ Poor selection of CFDs
✔ Long processing times for certain withdrawals
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✗ Poor selection of CFDs
✗ Long processing times for certain withdrawals
Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.
Forex.com is a simple, easy-to-download forex trading app in Malaysia. It offers more than 90 currencies, making it top the list as the best forex trading app. Forex.com has the most significant number of MetaTrader users globally and allows cryptocurrency trading, available on CFDs.
The Forex.com mobile app has straight forward features with a seamless user interface and design. The app also has an easy-to-use chart with more than 70 indicators and drawing tools. If you love MetaTrader, Forex.com offers MT4 and MT5 mobile apps.
Unfortunately, Forex.com also has its limitations. It has a small number of assets, which means it best suits individuals who have limited trading experience in other markets.
Which is the Best Trading App for Android in Malaysia?
Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.
Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✔ Poor selection of CFDs
✔ Long processing times for certain withdrawals
✔ Offers MT4 and an Advanced Platform
✔ Unparalleled forex service
✗ Poor selection of CFDs
✗ Long processing times for certain withdrawals
Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.
Forex.com has an extensive range of offerings, from CFDs to futures and spread trading across various classes. Its Android application is convenient for CFD brokers and online forex trading. That is why it has excellent ratings from Malaysian users on the Google Play Store.
The procedure for installing this mobile trading app is simple. Simply create a Forex.com account, download the application, and you are set to trade. You will find all the trading capabilities and combined trading tools in the Forex.com Android App.
The Forex.com Android app lets you trade anywhere, anytime. With 26 indicators and 13 drawing tools, it is easy to scroll between charts, quotes, and current positions.
Which is the Best Trading App for iOS in Malaysia?
IG Markets is one of the oldest and biggest online brokers in the world.
This UK-based broker has been offering trading opportunities since the early 1970s.
Still to this day, IG Markets keeps trail blazing the industry and setting the standard for all other online brokers.
✔ Real stock trading of the exchanges
✔ Huge selection of international stocks.
✔ High minimum deposit.
✔ Commission on spread betting and CFD stock trading.
✔ Real stock trading of the exchanges
✔ Huge selection of international stocks.
✗ High minimum deposit.
✗ Commission on spread betting and CFD stock trading.
Fees: Low spread & commission.
Demo Account: Yes
Min Deposit: £300
Deposit Options: Visa, Mastercard, PayPal, Bank Transfer
Assets: 10,000+
License: FCA, ASIC, CFTC, MAS
IG Markets has been an online broker since the 1970s, making it one of the most celebrated and trusted online brokers globally. IG Markets supports both desktop and mobile device trading. In the case of mobile devices, it offers a platform for Android and iOS.
This broker’s mobile device application continues to advance. Its efficiency has made IG Markets win multiple awards over the years. It is also by far the best mobile trading app provider worldwide, with the most outstanding ratings from Malaysian users on the App Store.
With IG Markets’ iOS app, you can trade whenever you see fit. Our thorough research and testing have led us to conclude that it is a trusted broker. Try it, and you will notice the difference.
Guide For Traders in Malaysia
Learning how trading works in other countries increases not only your trading abilities, but also opportunities and experience. Of course, before you start trading in a foreign country, consider your safety. For beginners, trading in Malaysia is an exciting challenge that lets you try something different.
The trading laws of Malaysia allow you to only trade with regulated brokers, so make sure that the brokers that you are interested in trading with are licensed by a trusted regulatory body. Some of these brokers are listed in this article, and so you do not need to go through the cumbersome searching procedure for these.
For a broker to own a license in the Malaysian market, they must have sufficient customer protection proof. They must also prove the highest level of fairness. Licensing is essential in Malaysia as it assures investors that they are receiving fair treatment with complete honesty.
To obtain a license, you need to go through the Securities Commission Malaysia. This commission operates under the Capital Markets and Services Act 2007 (CMSA). The Securities Commission has to also take into account your financial integrity and reputation. For the local market, Bank Negara Malaysia (BNM) also oversees and regulates trading.
Large brokers in Malaysia have a robust international presence. This means that these brokers have offices in several countries, mostly in Singapore. For this reason, they are also licenced and regulated by bodies such as the Monetary Authority of Singapore (MAS).
Our purpose is to provide you with the best mobile trading apps in Malaysia that guarantee your safety. We make sure that before recommending a broker, thorough research is conducted by our team of professionals. You can be rest assured that our recommended brokers are licensed and regulated by the regulatory bodies in various jurisdictions. These bodies include the US Securities and Exchange Commission (SEC), and the Australian Securities and Investment Commission (ASIC).
How to Choose the Best Trading App in Malaysia
Choosing a broker in Malaysia can be challenging and overwhelming, especially if you have no idea of what to look for. You must consider a suitable mobile trading app for a profitable investment.
Selecting a mobile trading app does not guarantee investment returns. But, it is a step to a successful investment, since it suits your needs. Below, we will break down the main factors that you should look out for when choosing the best trading app in Malaysia.
Note that these factors are what we use when reviewing these brokers. Simply put, the same process and methods we use to find a broker is what you should use to choose the best mobile trading apps in Malaysia.
1. Security
This is an essential factor when choosing a broker. Make sure that the broker you are going to invest in has a high-security level. You do not want to risk investing in a broker who merely claims to be legit, do you?
Do not agonise about checking the credibility of these brokers. The Securities Commission Malaysia helps in identifying the trustworthy ones from the rest. All legitimate brokers are listed under this body. All you have to do is confirm their membership.
2. Assets
The broker you choose must offer all the necessary tools and resources for your trading needs. The assets must access a broad coverage, such as commodities, precious metals, and stock indices, to name a few.
It will sometimes suit your interest to test the broker before making a decision. Note that some brokers offer free sign up procedures. Take advantage of this and go through their trading platforms, if that is what it takes.
3. Trading Platform
Consider a trading platform that is user-friendly and reliable. Check if what they offer will contribute to a stable activity. Also, confirm if their technical and charting tools are easy to use. What about their news feed feature? Is it free? How about if the platform has all the necessary trading information? Lastly, check if their customer support service is active. This way, in case of any questions or clarifications, there is someone to talk to.
4. Costs
Transaction costs are something that every trader is subjected to, no matter the kind of currency you use. Every time you trade, you will pay spread fees or commission. That is why you should consider a broker with the lowest rates.
However, if you want more security in a reliable broker, you must sacrifice these low transaction costs. It’s all about creating a balance. Good brokers also offer free deposit and withdrawal services. After all, it is your money, and you should have access to it as you please.
5. Comparison
After considering the above factors, we advise that you go through our recommended brokers. Our extensive and honest reviews will guide you on choosing a suitable mobile trading app. Should you, in any way, have any doubt about a broker or which one to choose, we have all the answers here.
FAQs
How can I start trading in Malaysia?
First, you must be at least 18 years of age. You then need to find the best brokers, most of which we recommend in this guide. Also, ensure you have the necessary funds to kickstart your trading.
Lastly, before you start trading, learn the strategies, platforms, and markets. This knowledge can make you earn more profit.
Is trading legal in Malaysia?
Yes, as long as you trade with licensed and regulated brokers. Foreign currency trading is also legal in Malaysia through licensed commercial, Islamic, and investment banks.
Can I use Robinhood in Malaysia?
How can I buy U.S. stocks in Malaysia?
Is Bitcoin legal in Malaysia?
Are trading apps safe?
Yes. Simply make sure that the trading app you are using secures your information. With trading apps, you can also make money, just like other web users.
Conclusion
The rate of trading in Malaysia is increasing. This growth is because of the easy access to an exciting and robust stock exchange. The close collaboration with Singapore also contributes to the excellent quality of services.
Our team of professional researchers have tested and reviewed online trading apps to help simplify your search. With a mix of honest user reviews and our professionals’ opinion, we have found the best mobile trading apps in Malaysia.
On this note, we believe that you have all the information you need on Malaysia’s trading apps. This knowledge can act as guidance for finding your best broker. Remember that brokers vary with traders’ interests. So, do not pick one simply because most users use it. Consider what works best for you.
Note: We value our customers’ feedback. It is what encourages us to make this platform a better place. So, in case you have any comments or questions regarding investment, trading apps, or other information on our website, please leave a message below. We promise to respond promptly.
Trading Platforms, Brokers & Apps That We Tested:
- Markets.com
- 24Option
- IQ Option
- BDSwiss
- HotForex
- Trade.com
- Libertex
- Plus500
- XTB
- InstaForex
- IG Markets
- GKFX
- LionsFX
- Valutrades
- XM
- IronFX
- Blackwellglobal
- FPMarkets
- AmanaCapital
- Admiralmarkets
- Alvexo
- Bizintra
- Pepperstone
- Windsorbrokers
- FXPro
- ForexTime
- HYCM
- FXGrow
- TeleTrade
- Trader.online
- Marketscube
- Finmaxbo
- FXCC
- Oanda
- Forex.com
- LCG
- CMC Markets
- FXCM
- iForex
- IFC Markets
- Aaatrade
Is Trading Allowed In My Country?
Europe:
- Albania
- Bosnia & Herzegovina
- Bulgaria
- Croatia
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Ireland
- Italy
- Kosovo
- Latvia
- Lithuania
- Macedonia
- Malta
- Moldova
- Montenegro
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Russia
- Serbia
- Slovenia
- Spain
- Sweden
- Switzerland
- Turkey
- Ukraine
- United Kingdom
Excluded: Belgium
North America
- Belize
- Canada
- Costa Rica
- Cuba
- Guatemala
- Honduras
- Jamaica
- Mexico
- Nicaragua
- Panama
- Puerto Rico
- The Bahamas
Excluded: United States
South America
- Argentina
- Bolivia
- Chile
- Colombia
- Dominican Republic
- Ecuador
- Guyana
- Paraguay
- Peru
- Suriname
- Uruguay
- Venezuela
Excluded: Brazil
Africa
- Algeria
- Angola
- Benin
- Botswana
- Burkina Faso
- Burundi
- Cameroon
- Central African Republic
- Chad
- Democratic Republic of Congo
- Egypt
- Eritrea
- Ethiopia
- Gabon
- Ghana
- Guinea
- Guinea-Bissau
- Kenya
- Lesotho
- Liberia
- Libya
- Madagascar
- Malawi
- Mali
- Mauritania
- Morocco
- Mozambique
- Namibia
- Niger
- Nigeria
- Republic of the Congo
- Rwanda
- Sierra Leone
- Somalia
- South Africa
- South Sudan
- Sudan
- Swaziland
- Tanzania
- The Ivory Coast
- Togo
- Tunisia
- Tunisia
- Uganda
- Western Sahara
- Zambia
- Zimbabwe
Middle East
- Georgia
- Armenia
- Azerbaijan
- Iran
- Iraq
- Syria
- Lebanon
- Cyprus
- Israel
- Jordan
- Saudi Arabia
- Kuwait
- Bahrain
- Qatar
- United Arab Emirates
- Oman
- Yemen
Asia
- Afghanistan
- Bangladesh
- Cambodia
- China
- China
- India
- Indonesia
- Japan
- Kazakstan
- Kirgizistan
- Laos
- Malaysia
- Mongolia
- Myanmar
- North Korea
- Pakistan
- Papua New Guinea
- Philippines
- Singapore
- South Korea
- Sri Lanka
- Thailand
- Turkmenistan
- Uzbekistan
- Vietnam
Excluded: Hong Kong
Oceania:
- Australia
- New Zealand
Our Author:
Adam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years. Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.
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