10 Best High Leverage Forex Brokers In Malaysia 2024

Trading in the forex market requires finding the right broker to suit your needs. Many traders seek out high-leverage forex brokers in Malaysia to gain an edge in the market and execute trades quickly. These brokers offer benefits such as increased buying power and the potential for higher returns. However, it’s crucial to understand the risks associated with high-leverage trading and to use them wisely.

We aim to make it easier for you to choose a high-leverage forex broker that suits your needs and helps you achieve your trading goals.

Top High Leverage Forex Broker Malaysia 2023

Trading is a multifaceted and complicated industry. Selecting the appropriate account type is crucial for success. Many online brokers market their services based on tradable assets such as stocks, CFDs, and others. However, traders who seek to take on additional risk to increase their potential profits usually turn to high-leverage forex brokers.

Benefits of High-Leverage Forex Brokers

High-leverage forex brokers provide benefits such as trading larger positions with a smaller initial deposit. This can potentially result in increased returns. However, it is essential to comprehend the risks associated with high-leverage trading. Choosing a broker that balances leverage with risk management tools is vital.

Comprehensive Review of High-Leverage Forex Brokers in Malaysia

In this comprehensive review, we have analyzed the top high-leverage forex brokers in Malaysia. We have thoroughly examined the features, benefits, and services each broker provides. This allows you to choose the one best suited to your trading needs.

Ranking the Brokers

We have ranked the brokers from best to worst. This allows you to quickly identify which one is appropriate for you. By providing all of this information in one location, we aim to make it easier for you to select a broker that suits your requirements and assists you in achieving your trading objectives.

Criteria for Selecting the Top Brokers

Our top 10 high-leverage forex brokers in Malaysia have been selected based on their performance in several key areas. These areas include account types, leverage options, trading platforms, available assets, and customer support.

Understanding the Risks

While high-leverage trading has the potential to generate higher returns, it also entails increased risk. Traders should ensure a solid understanding of leverage and risk management techniques before engaging in high-leverage trading.

Making an Informed Decision

By providing all of this information in one location, we aim to offer traders the necessary tools to make an informed decision. When selecting a high-leverage forex broker in Malaysia, consider the following top 10 high-leverage forex brokers:

  • ZFX
  • XM
  • IG
  • Exness
  • InstaForex
  • FBS
  • Capital.com
  • FP Markets
  • RoboForex
  • Axi.com

High Leverage Forex Broker Comparison

BrokerOverall RatingAccepts MY ResidentsOfficial SiteMin DepositMax Forex LeverageBeginner FriendlyRegulators
ZFX9.2/10 ReviewYesAccount Creation50 USD2000:1ExceptionalFCA, FSA
XM7.8/10 ReviewYesAccount Creation5 USD1000:1Quite GoodASIC, CySEC, FSCA, FCA, FSC, IFSC
IG7.5/10 ReviewYesAccount Creation0 USD500:1Not BadASIC, FCA, JFSA, MAS, FINMA, FMA,CFTC
Exness7.5/10 ReviewYesAccount CreationDepends On the Payment SystemUnlimitedQuite GoodCySEC, FSA, FSCA, FCA, FSC, CBCS
InstaForex7.2/10 ReviewYesAccount Creation1 USD1000:1Not ReallyFSC
FBS7/10 ReviewYesAccount Creation1 USD3000:1Quite GoodASIC, CySEC, FSCA, IFSC
Capital.com6.9/10 ReviewYesAccount Creation20 USD500:1  Very GoodFCA, ASIC, CySEC, NBRB, FSA
FP Markets6.6/10 ReviewYesAccount Creation100 AUD or Equivalent500:1Not BadASIC, CySEC, FSCA  
RoboForex6.6/10 ReviewYesAccount Creation10 USD2000:1Fairly GoodFSC
Axi.com6.6/10 ReviewYesAccount Creation0 USD500:1Not BadASIC, FCA, DFSA

Best High Leverage Forex Broker in Malaysia (Reviewed)

1.      ZFX

ZFX is a top-tier regulated forex broker with a reputation for providing traders in Malaysia with high-leverage trading opportunities. Leverage is a crucial aspect of forex trading, as it allows traders to amplify their trades and potentially increase their profits. However, it’s important to note that leverage also increases risk, and traders should only use leverage that they are comfortable with and fully understand the risks involved.

Leverage Ratios and Account Types

ZFX offers different leverage ratios for different accounts and assets. For example, the Premier account offers up to 1:100 leverage for forex trading, while the Pro account offers up to 1:2000 leverage. The difference in leverage between these two accounts reflects the difference in their minimum deposit requirements, with the Premier account requiring a minimum deposit of 50 USD and the Pro account requiring a minimum deposit of 500 USD.

Leverage for Commodities and Indices

ZFX also offers different leverage ratios for commodities and indices, with the maximum leverage set at 1:100. This means that traders can amplify their trades by up to 100 times their initial investment, potentially increasing their profits but also increasing their risk.

Account Types Available to Traders in Malaysia

ZFX offers two primary account types to traders in Malaysia: the Premier account and the Pro account. The Premier account has a minimum deposit of 50 USD and offers fixed spreads starting from 1.5 pips, with leverage up to 1:100 for forex trading. The Pro account, on the other hand, has a minimum deposit of 500 USD and offers variable spreads starting from 0 pips, with leverage up to 1:2000 for forex trading. These two accounts are designed to cater to the needs of traders with different levels of experience, trading styles, and account balances.

Additional Account Options

In addition to the Premier and Pro accounts, ZFX also offers Cent, STP, and ECN accounts to residents of Malaysia. These accounts provide traders with greater flexibility in their trading, with different leverage ratios, trading instruments, and spreads. The Cent account allows traders to start with a small deposit and trade micro-lots, while the STP and ECN accounts offer faster execution speeds and lower spreads. Overall, ZFX offers a range of account types to cater to the diverse needs of traders in Malaysia.

Regulation and Security

ZFX is regulated by two regulatory bodies, the Financial Services Authority (FSA) and the Financial Conduct Authority (FCA). This ensures that clients’ funds are kept separate from the company’s funds and that the company is held to high standards of security and transparency.

Trading Platform: MetaTrader 4

ZFX uses MetaTrader 4 as its primary trading platform, known for its robust features and considered the industry standard since its release in 2005. ZFX offers all assets available on the MT4 platform, including advanced trading robots, technical indicators, and access to the MQL community.

Educational Resources

ZFX’s A-to-Z Academy offers traders of all levels guides, tutorials, and forecasts on various markets. Additionally, the Market News, Market Outlook, and Economic Calendar provide valuable insights into market trends and news.

Payment Methods

ZFX offers a variety of payment methods for both depositing and withdrawing funds, including Skrill, Neteller, Perfect Money, international and local bank transfers, and credit/debit cards (Visa/Mastercard). Depositing and withdrawing funds is a straightforward process, with detailed instructions available in the FAQs section on the ZFX website.

Promotions and Referral Programs

ZFX has several promotions for clients, including a deposit bonus promotion where clients can receive up to a 100% bonus on their initial deposit, up to a maximum of 10,000 USD. Additionally, ZFX has a referral program where clients can earn up to 300 USD for each referred friend who opens and funds a live account.

Pros

  • Offers some of the highest leverage options in the industry, with up to 1:3000 available
  • Provides a range of account types to suit different trading needs, including Cent, STP, and ECN accounts
  • Offers competitive spreads on forex pairs and other trading instruments
  • Regulated by reputable regulatory authorities, including the FSA and FCA
  • Provides clients with educational resources and market analysis to help them make informed trading decisions

Cons

  • Limited educational resources for beginners
  • Limited research tools and analysis

2. XM

XM is a Cyprus-based online broker offering financial trading services through MetaTrader 4 and MetaTrader 5 platforms. Since its inception in 2009, XM has provided trading in forex, CFDs on major indices, commodities like gold and crude oil, and cryptocurrencies. The company operates with representative offices in Hungary, Greece, Australia, and New Zealand.

Account Types and Leverage Options

XM is a well-regarded Cyprus-based online broker that provides a variety of trading services through platforms like MetaTrader 4 and MetaTrader 5. Established in 2009, XM offers trading in forex, CFDs, commodities, and cryptocurrencies, with a global presence and several regulatory approvals.

  • Micro account: Minimum deposit of 5 USD, leverage up to 1:888
  • Standard account: Minimum deposit of 5 USD, leverage up to 1:888
  • XM Zero account: Minimum deposit of 100 USD, leverage up to 1:500

Regulatory Compliance and Security

XM is regulated by several prominent regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). This regulation ensures that XM adheres to high standards of security, transparency, and fair trading practices.

Trading Platforms

XM provides two main ways to trade: MetaTrader 4 and MetaTrader 5, along with their proprietary mobile app, XM – Trading Point. The platforms are user-friendly and accessible, with the mobile app available on both iOS and Android. Depending on the account type, traders can choose between MT4 or MT5, while the XM – Trading Point app facilitates trading on-the-go.

Educational Resources and Market Analysis

XM offers extensive educational resources and market analysis to assist clients in making informed trading decisions. Resources include podcasts, market overviews, news, and trading signals. This educational support is comparable to that provided by other leading brokers.

Customer Service and Support

XM is renowned for its excellent customer service, which has garnered numerous awards. Support channels are available 24/7, including email, live chat, and phone support. The live chat can be accessed directly from the XM website, while the support hotline is +5012236696. Email support is also available 24/7, with responses typically within 24 hours. Additionally, XM has a Help Center offering information on supporting documents, trading accounts, deposits and withdrawals, trading platforms, and other features.

Pros

  • Offers high leverage options, with up to 1:888 available
  • Provides a range of account types to suit different trading needs, including Micro, Standard, and XM Zero accounts
  • Regulated by 6 authorities
  • No deposit or withdrawal fees
  • Deposit bonus
  • Referral program
  • Loyalty program
  • Over 1,000 instruments to trade
  • Great educational material
  • 24/7 customer support

Cons

  • Limited to specific regions
  • Standard account spreads are quite expensive
  • Average spreads are not published for ultra-low accounts
  • Average forex portfolio
  • No investor protection for residents outside the EU

3.      IG

IG is a well-established online broker founded in 1974, offering forex, CFDs, spread betting, and share dealing trading. It is listed on the UK stock exchange and included in the FTSE 250 index, ensuring financial transparency. IG operates in 20 countries across five continents with over 230,000 users and traders with a $1.55 million traded volume. It offers over 19,000 financial instruments and is ranked the world’s top CFD provider, with several trading platforms suitable for beginners and experts.

IG offers different leverage ratios for different markets, with the maximum leverage set at 1:30 for major forex pairs and 1:20 for minor forex pairs, indices, and commodities. For share CFDs, the leverage ratio is set at 1:5. Cryptocurrencies have a leverage ratio of 1:2 for retail traders and 1:22 for professional traders, with a margin requirement of 50% for retail traders and 4.5% for professional traders.

IG Markets US has a maximum leverage of 1:50, but it only applies to a few currency pairs, with 1:30 and 1:20 being the most frequent leverage ratios. This is not as generous as the leverage offered in other jurisdictions, but it is standard in the US to protect traders from extreme losses.

Traders using IG have access to a variety of trading platforms, including the IG Trading platform and MetaTrader 4 (MT4), as well as the IG mobile app. In addition to forex pairs, IG also offers trading on indices, commodities, cryptocurrencies, and shares.

One of IG’s standout features is its range of trading instruments, including forex pairs, indices, commodities, cryptocurrencies, and shares. Traders using IG also have access to a variety of trading platforms, including the IG Trading platform and MetaTrader 4 (MT4), as well as the IG mobile app. This provides traders with the flexibility and convenience to trade wherever and whenever they want.

In addition to its trading instruments and platforms, IG also offers competitive spreads and commissions, with the broker working to keep these charges among the lowest in the business.

G’s charting tools are exceptional, allowing for easy customization and saving of charts. Adding major economic events to charts is also quick and easy. Additionally, there are 30 different technical indicators available for charting. IG provides a comprehensive trading education program through its IG Academy, with interactive educational tools and online courses for traders of all levels. IG Academy has everything you need to improve your knowledge and trading skills, from market fundamentals to advanced trading techniques.

IG is regulated by several regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, which ensures that the broker is held to high standards of security, transparency, and fair trading practices. This means that traders using IG can have peace of mind knowing that their funds are secure and that the broker operates transparently and fairly.

Pros

  • Provides access to a wide range of trading instruments and platforms
  • Regulated by reputable regulatory bodies, including the FCA and ASIC
  • Well-reputed global presence
  • Wide range of products offered
  • Education and research focus
  • Offers protection for UK/EU client accounts

Cons

  • Limited high-leverage options, with a maximum of 1:50 available for US clients
  • No account protection for US clients
  • No guaranteed stop losses for US clients
  • No copy trading or back-testing integration on the IG platform
  • High share-CFD fees

4.      Exness

Exness is a regulated trading platform that has been in operation since 2008, offering access to a wide range of assets and competitive fees. With an Expert Score of 7.5, it is ranked #4 in the Forex Brokers category, offering its services across various territories, including the UK, Seychelles, South Africa, Curacao & Sint Maarten, and the British Virgin Islands. Exness stands out as one of the largest forex brokers globally, with almost USD 1,000 billion in monthly trading volume.

Exness offers different account types to suit different trading needs, including Standard, Raw Spread, and Pro accounts. The Standard account requires a minimum deposit of 1 USD and offers leverage up to 1:2000. In comparison, the Raw Spread account requires a minimum deposit of 500 USD and offers leverage up to 1:200. The Pro account requires a minimum deposit of 200 USD. It offers leverage up to 1:200. These leverage ratios are lower than those offered by ZFX and XM, which may not be ideal for traders looking for high-leverage trading opportunities.

This broker is regulated by several regulatory bodies, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), ensuring that the broker is held to high-security standards and transparency, and fair trading practices.

Exness provides browser-based terminals and apps that use TradingView charting technology and offer various drawing tools and indicators. Additionally, clients can access tools like an Economic calendar to keep track of market-moving events, Trading signals by Trading Central for strategy development, and real-time Market news by FXStreet. These tools are available through the Exness trader app, website, or personal area for clients who have opened an account.

Exness is a reputable forex broker providing traders with various trading instruments, platforms, and educational resources. However, it falls short compared to ZFX, XM, and IG regarding high-leverage trading opportunities.

Pros

  • Offers high leverage options, with up to 1:2000 available
  • Free VPS hosting
  • Instant withdrawal of money 24/7 depending on the method used
  • Segregated accounts
  • Swap-Free/Islamic Account Provided
  • High Maximum Leverage
  • Narrow spreads
  • Multiple trading platforms: MT4, MT5, MultiTerminal, mobile platform

Cons

  • 24/7 customer support only available in some languages
  • Training resources are minimal
  • No US residents can be accepted as clients

5.      InstaForex

InstaForex, a reputable online forex trading platform established in 2007, has gained popularity among retail traders by offering CFD trading in forex, stocks, indices, commodities, futures, and crypto. With over 7 million clients and more than 300 trading instruments, it is ranked #5 in the Forex Brokers category, with an Expert Score of 7.2. InstaForex stands out by providing its clients with advanced trading technologies, educational resources, and access to experienced professionals. This review evaluates InstaForex as a legitimate broker and explores its features, services, and offerings.

InstaForex offers different account types to suit different trading needs, including Standard, Eurica, and Cent accounts. The Standard and Eurica accounts require a minimum deposit of 1 USD and offer leverage up to 1:1000, while the Cent account requires a minimum deposit of 10 USD and offers leverage up to 1:1000. These leverage ratios are lower than those offered by ZFX and XM, which may not be ideal for traders looking for high leverage trading opportunities.

InstaForex is regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines, ensuring that the broker is held to high security, transparency, and fair trading practices.

Traders using InstaForex have access to a variety of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the InstaTick Trader platform. In addition to forex pairs, InstaForex also offers trading on commodities, indices, and cryptocurrencies.

InstaForex provides a comprehensive range of trading resources, although the amount of information available may be overwhelming. To simplify matters, we will focus on the most relevant resources for trading and education.

InstaForex offers two dedicated sections, one for experienced traders and the other for beginners. The beginner section provides educational material and trading resources, including video tutorials, training, useful information, and a knowledge base.

This particular broker offers extensive support options for its clients. However, the support page is not listed among the menu sections of the website. Instead, you can access it by clicking on the support link located in the website header. From there, you will be presented with various options to get in touch with InstaForex, including requesting a callback, browsing through frequently asked questions, utilizing live chat, providing feedback, sending an email, or using their social media apps.

InstaForex is a reputable forex broker providing traders with various trading instruments, platforms, and educational resources. However, it falls short compared to ZFX and XM regarding high-leverage trading.

Pros

  • Offers high leverage options, with up to 1:1000 available
  • Provides a range of account types to suit different trading needs, including Standard and Eurica accounts
  • Offers competitive spreads on forex pairs and other trading instruments
  • Regulated by reputable regulatory bodies, including CySEC and the FCA

Cons

  • Limited range of trading instruments compared to other brokers
  • Withdrawal fees may apply for certain payment methods
  • Some account types may require high minimum deposits

6.      FBS

Founded in 2009, FBS is an online broker that allows traders from more than 150 countries to invest in various markets and trade assets in the form of CFDs. These assets include Forex, Crypto, Commodities, Indices, and Stocks. FBS has built a strong reputation amongst traders of all levels in the industry, with 23 million traders currently registered, generating an annual profit exceeding 500 million USD. Their reach continues to expand at a steady pace of 10,000 new registered traders per day after just 12 years in business. FBS also boasts almost half a million (410,000) partners worldwide and has received over 70 international broker awards, further adding to its impressive accomplishments.

While it has some positive aspects, it also has some mixed reviews and falls short compared to ZFX and XM regarding high-leverage trading opportunities.

FBS offers different account types to suit different trading needs, including Cent, Micro, Standard, Zero Spread, and ECN accounts. The Cent and Micro accounts require a minimum deposit of 1 USD and offer leverage up to 1:1000, while the Standard account requires a minimum deposit of 100 USD and offers leverage up to 1:3000. The Zero Spread and ECN accounts require a minimum deposit of 500 USD and offer leverage up to 1:500. While FBS offers high leverage ratios on some account types, it is not as generous as ZFX or XM in this regard.

FBS is regulated by the International Financial Services Commission (IFSC) in Belize, ensuring that the broker is held to certain security standards, transparency, and fair trading practices. However, some traders have expressed concerns about the broker’s regulatory status and transparency.

Traders using FBS have access to a variety of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as the FBS Trader mobile app. In addition to forex pairs, FBS also offers trading on commodities, indices, and cryptocurrencies.

FBS provides a wide range of free tools and analytics for traders, including a dedicated Forex education section. To access these resources, traders can simply visit the “Analytics and Education” tab on the FBS website.

FBS’s team of market analysts provide daily market analysis and news covering technical analysis and market fundamentals. The market analytics section includes Forex News, Daily Market Analysis, Forex TV, and VIP Analytics. The website also offers daily trading plans and weekly insights in video format. The research volume is above average, with fresh content added several times daily. FBS also offers traditional research tools such as an economic calendar, a forex calculator, and a currency converter. The trading calculator allows clients to calculate pricing for instruments based on FBS accounts, leverage, currency, and bid/ask prices.

Overall, FBS is a forex broker with some positive aspects but also some mixed reviews. While it offers high leverage ratios on some account types, it falls short compared to ZFX and XM. Traders in Malaysia may want to consider other brokers with higher leverage ratios and stronger regulatory status.

Pros

  • High leverage up to 1:3000 (for non-EU customers only) suits higher-risk traders well
  • Low spreads and commissions (from 0 pips) on most accounts
  • Free demo account for every account type helps clients to do a trial
  • Free social trading app (FBS CopyTrade) for traders to improve their performance and knowledge by copying other investors (for regions under IFCA and FSCA regulations only)
  • Exemplary, multilingual customer service is always available
  • No withdrawal fees
  • Strong research and education resources

Cons

  • It lacks proprietary web and desktop platforms
  • Some instruments have wide spreads
  • A limited number of commodities to trade
  • EU, UK, and Australian clients have fewer account options than clients from other regions.

7.      Capital.com

Capital.com is operated by Capital Com SV Investments Limited, which provides access to a wide range of financial instruments, with over 3,700 assets available for trading. These assets include 27 indices, 200 cryptocurrencies, 37 commodities, 3293 shares, and 138 currency pairs. The broker’s web trading platform, powered by TradingView, has won awards for its exceptional performance. The broker’s regulatory status is robust, and its spreads are highly competitive. Although its leverage options are somewhat limited compared to other brokers, they are still regarded as relatively high.

Capital.com is regulated by the UK’s Financial Conduct Authority (FCA), which is considered one of the industry’s most reputable regulatory bodies. Other bodies that regulate this broker include CySEC, NBRB, ASIC, and the FSA.

Traders using Capital.com have access to a variety of trading platforms, including a proprietary web-based platform and the MetaTrader 4 (MT4) platform. In addition to forex pairs, Capital.com also offers trading on commodities, indices, and cryptocurrencies. They also offer integration through TradingView, which is fast becoming one of the most popular web-based trading platforms.

Many deposit and withdrawal methods are also available. It will help to remember that most brokers on this list will have similar methods for deposits and withdrawals; however, some brokers may have one or two extra or fewer methods. In terms of Capital.com, they offer bank wire transfer, credit/debit cards, and e-wallets such as Skrill and Neteller. Capital.com provides news, capital TV, and webinars in terms of trading resources, which may seem limited, but these resources provide in-depth analysis. The dedicated customer support team is available 24/7 via live chat, phone, Email, and social platforms such as Telegram and Viber.

Capital.com offers two account types: Standard and Plus. The Standard account requires a minimum deposit of 20 USD and offers competitive spreads starting from 0.6 pips, while the Plus account requires a minimum deposit of 3,000 USD and offers even tighter spreads starting from 0.0 pips. Both account types offer leverage up to 1:500 (for major forex pairs), which is lower than some other brokers but still sufficient for most traders. They also offer a Premier account type, but for the most part, it is identical to the Plus account in terms of spread and leverage.

Traders who prioritize strong regulation and competitive spreads may find Capital.com to be a good option. Capital.com is a good choice for competitive spreads and various trading instruments and platforms, including TradingView. However, its leverage options are limited compared to some other brokers, which may not be ideal for traders looking for higher leverage ratios.

Pros

  • Provides access to a wide range of trading instruments, including stocks, ETFs, and cryptocurrencies
  • Offers a user-friendly and innovative trading platform
  • Regular live updates and price alerts for 3,700+ markets
  • 0% commission and no hidden fees
  • Market-leading spreads
  • No withdrawal, deposit, or inactivity fees
  • Fast order execution
  • Non-expiring Free demo account
  • Hedging mode and risk management tools

Cons

  • Limited high-leverage options, with a maximum of 1:30 available for retail clients but 1:500 for forex pairs
  • Stock trading is not currently available on their web terminal
  • Limited offering of stocks
  • No bonds offered
  • Doesn’t offer MetaTrader5 (MT5)
  • Overnight fees

8.      FP Markets

In 2005, FP Markets was established by Matthew Murphie. The broker’s clients utilize MT4 and MT5 as their primary trading software, enabling them to trade various financial instruments, including forex, stocks, crypto, indices, commodities, ETFs, and bonds. The broker is considered trustworthy and is regulated by three regulatory bodies.

Traders using FP Markets have access to a variety of trading platforms, including the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the Iress platform for share CFD trading.

FP Markets provides video courses, podcasts, eBooks, and more when it comes to educational resources and market analysis to help traders improve their skills. However, even though this broker provides an abundance of material to draw from, the actual material is limited. A dedicated customer support team is available 24/5 (and partially on the weekends) via live chat, Email, and phone. Several deposit and withdrawal methods, including popular e-wallets like Apple and Google pay, bank wire transfer, and credit/debit cards, are available.

FP Markets offers two account types: Standard and Raw. The Standard account requires a minimum deposit of 100 USD and offers leverage up to 1:500, while the Raw account requires a minimum deposit of 1,000 USD and offers leverage up to 1:500. Both account types offer competitive spreads starting from 0.0 pips, with the Raw account offering even tighter spreads in exchange for a commission fee.

FP Markets is a safe, high-leverage forex and CFD broker with high-leverage options and competitive spreads, making it a good option for traders who prioritize these features.

Pros

  • In operation for over a decade now
  • Accumulated over 30 industry awards
  • Can trade CFDs for forex, stocks, crypto, commodities, and indices
  • Can also trade in shares
  • There are 5 trading account types
  • Low spreads on some accounts
  • Cent account is available
  • No deposit or withdrawal fees
  • MetaTrader (4 and 5) are available
  • They have proprietary trading software
  • More than 12,000 instruments to trade
  • Lack of trading resources and education
  • Have a few promotions and special offers

Cons

  • Only regulated by the FSC
  • Not many trading resources or education
  • Low customer trust rating
  • Too many account types

9.      RoboForex

RoboForex, a broker with more than ten years of experience in the financial industry, has built a reputation for itself by attracting over one million clients from 169 different countries across the globe. The company is located in Belize and serves as a sponsor for Club Cienciano while being regulated by the Financial Services Commission (FSC). The broker specializes in offering clients the ability to trade CFDs and shares.

The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC) in Belize, ensuring that it adheres to high standards of security, transparency, and fair trading practices.

Traders using RoboForex have access to a variety of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the cTrader platform for ECN trading. In addition to forex pairs, RoboForex also offers trading on commodities, indices, shares, and cryptocurrencies.

RoboForex provides some educational resources in the form of a blog and trading tool tips; however, compared to other brokers on this list, it falls short in this department. Regarding customer support, the team is available 24/7 via live chat, Email, and phone, including social apps such as Whatsapp Messenger and more. As with all the brokers on this list, multiple deposit and withdrawal methods are also available, including bank wire transfers, credit/debit cards, and e-wallets.

RoboForex offers a variety of account types to cater to different trading needs and levels, including Cent, Standard, ECN, and Prime accounts. The Cent account requires a minimum deposit of 10 USD and offers leverage up to 1:2000, while the Standard account requires a minimum deposit of 100 USD and offers leverage up to 1:2000. The ECN and Prime accounts offer even tighter spreads and lower commission fees in exchange for higher minimum deposits.

Overall, RoboForex reputable online broker with a wide range of account types and competitive leverage options, making it a good option for traders of all levels. However, it does lack in the educational and resource department.

Pros

  • Offers high leverage options, with up to 1:2000 available
  • Provides a range of account types to suit different trading needs, including Pro, ECN, and Prime accounts
  • Very low forex fees
  • No withdrawal or deposit fees
  • Creating an account is fully digital
  • Regulated by three authorities
  • Deposit insurance and compensation plans are available
  • A typical range of tradable instruments on offer

Cons

  • Limited range of trading instruments compared to other brokers
  • Demo account is only available for 30 days
  • Users have experienced problems withdrawing funds
  • The account verification is complicated and drawn out

10.  Axi.com

AxiCorp Financial Services Pty Ltd, founded in 2007, is an Australian online broker that specializes in forex and CFDs. They are under the regulation of three esteemed authority commissions, namely ASIC, FCA, and DFSA. Axi also takes pride in having a customer base of over 60,000 traders from more than 100 countries worldwide. Apart from their main services, what other offerings do they have?

Traders using Axi have access to a variety of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the cTrader platform for ECN trading. In addition to forex pairs, Axi also offers trading on commodities, indices, shares, and cryptocurrencies.

Axi provides clients with educational resources that are “on par” with XM, offering eBooks, video tutorials, seminars, webinars, and market analysis. Clients and non-clients can use its resources to help them make informed trading decisions, and a dedicated customer support team is available 24/5 via live chat, Email, and phone. Multiple deposit and withdrawal methods are also available, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. Note that Axi has one of the largest multilingual call options provided by any broker we have come across.

Regarding accounts and leverage, Axi offers two account types: Standard and Pro. The Standard account requires a minimum deposit of 10 USD and offers leverage up to 1:500, while the Pro account requires a minimum deposit of 1,000 USD and offers leverage up to 1:500. Both account types offer competitive spreads starting from 0.0 pips, with the Pro account offering even tighter spreads in exchange for a commission fee.

Axi is the lowest-rated broker for this list, but it should be noted that although they do not “fair” that well here, they are still a top-tier broker, and clients wanting specific features may want to have a look at them. Its range of trading instruments and platforms, as well as its educational resources and customer support, add to its appeal to a lot of traders.

Pros

  • Provides access to a wide range of trading instruments and platforms
  • Offers a user-friendly and innovative trading platform
  • Regulated by reputable regulatory bodies, including the FCA and ASIC
  • Provides clients with educational resources and market analysis to help them make better-informed trading decisions
  • Offers competitive spreads and no commission fees on some trading instruments

Cons

  • Limited high-leverage options, with a maximum of 1:30 available for retail clients
  • Withdrawal fees may apply for certain payment methods
  • Limited customer support options compared to other brokers
  • May have higher spreads compared to other brokers on some trading instruments
  • It may not be suitable for experienced traders looking for more advanced trading features

How To Start High-Leverage Forex Trading in Malaysia?

In this section, we will guide you through the process of opening a high-leverage forex trading account with a broker. For this purpose, we will be using ZFX as the broker, and if you would like to sign up with ZFX, please visit this link.

Open an Account

To open an account with an online broker like ZFX, you need to go to their main website. The registration button is usually located in a prominent place, like the main menu. When you visit the ZFX website, you will find the “open account” button in the top header.

The ZFX website Menu

Once you click the button, you will be taken to the registration page where you must fill in personal details such as your title, last name, country, phone number, and password. You will also need to choose whether to open a “live” or “demo” account with ZFX.

ZFX registration page

After filling in the necessary information, ZFX will send an OTP to your cell number, which you will need to enter to proceed with the registration process. You will then choose your account type, which in this case, is a live high-leverage forex trading account.

ZFX account selection page

Please note that if you reside in Malaysia, your options will be ECN, Cent, and STP. The Pro account is the high-leverage forex trading account type for other regions. The next page will provide information on your account details, including your account password.

Make your First Deposit

To activate your high-leverage forex trading account, you will need to fund it with at least 1,000 USD. After logging into the client area, you can make a deposit using various methods available in the “make a deposit” section. Ensure that you fill in all the necessary information and understand that different deposit methods require a minimum amount.

ZFX account deposit method page

Remember to confirm your deposit and proceed to the payment gateway to complete the transaction.

ZFX account deposit page

Verify your Account

If you want to apply for the Interest Program or withdraw funds from your account, you must verify your identity with ZFX. You will need to provide documents such as your ID, bank statements, and proof of residency for identity verification. It is recommended to complete the KYC requirements before making any deposit.

ZFX identity verification page

Start Trading

To start trading, you must download and install MT4, open it, and select the correct server provided to you during the signup process. Then, select your account type, “live” in this case, and fill in your details. After MT4 connects to the ZFX servers, you can access your funds and the markets.

ZFX MetaTrader 4 server selection prompt

Advantages and Disadvantages of High Leverage Forex Trading in Malaysia?

Advantages

  • Allows traders to potentially make larger profits with smaller investments
  • Can increase trading opportunities by allowing traders to open larger positions with less capital
  • This may allow for greater flexibility in managing risk and exposure
  • Can offer higher returns on investment for successful trades
  • It can help traders diversify their portfolios by investing in multiple currency pairs
  • It may offer more trading opportunities for short-term traders
  • It can help traders build their trading skills and strategies by allowing for more frequent trades
  • It can provide more access to the global forex market and allow for trading in different time zones
  • This may allow traders to take advantage of volatility in the forex market
  • Can offer a faster path to achieving trading goals for experienced traders

Disadvantages

  • This can increase the risk of significant losses, potentially exceeding the initial investment
  • It may require more discipline and experience to manage risk effectively
  • Can increase the potential for emotional trading and impulsive decision making
  • This can lead to overtrading and exhaustion, which can affect performance
  • This may result in high trading costs and fees, including financing costs and margin calls
  • Can limit trading opportunities for traders with a smaller capital and risk tolerance
  • It may increase exposure to market fluctuations and news events
  • Can be influenced by unpredictable global economic and political events
  • Can be affected by changes in interest rates and exchange rates
  • It may not be suitable for inexperienced traders or those with low-risk tolerance

Bottom Line

In conclusion, based on our analysis of Malaysia’s top high-leverage forex brokers, ZFX stands out as the best option for traders seeking high-leverage options, with up to 1:2000 available. Additionally, ZFX offers a range of account types, competitive spreads, and a user-friendly and innovative trading platform. The broker is also regulated by reputable bodies, including the FSA and FCA, providing clients with peace of mind when trading.

While other brokers, such as XM and IG, offer competitive services and features, ZFX’s high leverage options and new interest program, which allows clients to earn up to 9%, sets it apart from the competition. This program incentivizes clients to trade with ZFX and make the most of their investment.

Overall, ZFX’s combination of high-leverage options, competitive services and features, and regulatory compliance make it the top choice for traders in Malaysia. However, it’s important to consider each broker’s strengths and weaknesses and choose the one that best suits your trading needs and risk tolerance.

FAQs 

What is high leverage in forex?

High leverage in forex refers to the ability to control a larger amount of money in a trade with a relatively small deposit. This can magnify both profits and losses, making it important to carefully consider the risks and potential rewards of using high leverage.

What is a safe leverage for beginners?

Safe leverage for beginners is typically considered to be 1:10 or lower, as this limits the number of potential losses while still allowing for some level of risk and reward. It’s important for beginners to fully understand the risks involved in trading with leverage and practice with a demo account before using real money.

Is high leverage good in forex trading?

High leverage can be good in forex trading for experienced traders who understand the risks and have a solid risk management strategy in place. However, it can be risky for inexperienced traders or those with a low-risk tolerance, as it can lead to significant losses if not used properly.

Is leverage 1:1000 good?

A leverage of 1:1000 may be suitable for experienced traders who are comfortable with high levels of risk, but it is generally not recommended for beginners or those with low-risk tolerance. Using such high leverage can result in significant losses, so it’s important to carefully consider the risks and potential rewards before using it.

What is 1:100 vs. 1:500 leverage?

Leverage of 1:100 means that for every 1 USD of your own capital, you can control 100 USD of trading capital. Leverage of 1:500 means that for every 1 USD of your own capital, you can control 500 USD of trading capital. While higher leverage can magnify both profits and losses, it’s important to consider the potential risks before using it.

How much leverage is safe?

The safe leverage amount depends on your trading experience, risk tolerance, and trading strategy. Generally, a leverage of 1:10 or lower is considered safe for beginners, while experienced traders may use higher leverage if they have a solid risk management strategy.

Is leverage risky?

Yes, leverage can be risky in forex trading, as it can magnify both profits and losses. It’s important to carefully consider the risks and potential rewards of using leverage and have a solid risk management strategy. Traders should also be aware of the potential for margin calls and other risks associated with using leverage.

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