Best CFD Brokers in Malaysia
Trade Gold, Oil, US Stocks, Indices, and Crypto CFDs with low spreads, MYR deposits, and Islamic swap-free accounts.
Top 5 CFD Brokers for Malaysia
Ranked by instrument range, spread cost, and Malaysia-specific features.
Exness
2000+ CFDs on Forex, Gold, Oil, Indices, Stocks, Crypto. 0.0 pip spreads, instant withdrawals, FPX + MYR.
Instruments
2000+
Top Markets
Gold, Oil, Indices
EBC
5800+ stock CFDs, 400+ ETF CFDs, award-winning EBC Trader platform. Zero minimum deposit. FCA regulated.
Instruments
6200+
Top Markets
Stocks, ETFs, Crypto
TMGM
10000+ instruments via IRESS. ASIC regulated, #1 retail FX volume. Shares, crypto, forex, commodities.
Instruments
10000+
Top Markets
Shares, Gold, Forex
IC Markets
2100+ stock CFDs, 25 indices, cTrader + MT5. True ECN, perfect for algorithmic CFD trading.
Instruments
2100+
Top Markets
Indices, Stocks, Forex
XM
1300+ stock CFDs, 30+ crypto, free education. $5 minimum, no-deposit bonus, strong BM support.
Instruments
1300+
Top Markets
Crypto, Stocks, Forex
CFD Broker Comparison — Malaysia
| Feature | Exness | EBC | TMGM | IC Markets | XM |
|---|---|---|---|---|---|
| Gold (XAU/USD) Spread | 0.0 pips | 0.5 pips | 0.0 pips | 0.0 pips | 0.6 pips |
| Oil (WTI) Spread | 0.03 pips | 0.05 pips | 0.03 pips | 0.03 pips | 0.05 pips |
| S&P 500 Spread | 0.3 pts | 0.4 pts | 0.3 pts | 0.3 pts | 0.5 pts |
| Stock CFDs | 2000+ | 5800+ | 10000+ | 2100+ | 1300+ |
| Crypto CFDs | 40+ | 40+ | 20+ | 25+ | 30+ |
| Indices | 20+ | 40+ | 15 | 25 | 25+ |
| Commodities | 8 | 10 | 8 | 7 | 6 |
| Islamic Account | Yes | Yes | Yes | Yes | Yes |
| MYR Deposit | Yes | No | No | No | Yes |
| Max Leverage | 1:2000 | 1:200 | 1:500 | 1:500 | 1:1000 |
Most Popular CFD Markets in Malaysia
These are the CFD instruments Malaysian traders trade most frequently, based on our user data and broker volume reports.
Gold (XAU/USD)
The most popular CFD in Malaysia. Gold is culturally significant and traded as a safe-haven hedge.
Crude Oil (WTI)
Malaysia is an oil-exporting nation. WTI and Brent CFDs are actively tracked by local traders.
US Indices (S&P 500, NASDAQ)
US tech stocks and indices are hugely popular among Malaysian retail traders seeking global exposure.
Stock CFDs (US & EU)
Trade Apple, Tesla, NVIDIA, and European blue-chips without owning the underlying shares.
Crypto CFDs (BTC, ETH)
Bitcoin and Ethereum CFDs allow leveraged crypto trading without wallet complexity. Popular with young traders.
Forex (USD/MYR)
Currency trading remains the foundation of CFD activity in Malaysia. USD/MYR is the most-watched exotic pair.
Understanding CFD Trading Costs
Cost Breakdown Example: Gold CFD
Cost Breakdown Example: S&P 500 CFD
CFD Trading FAQ — Malaysia
What is the best CFD broker in Malaysia for 2026?
Exness is the best overall CFD broker for Malaysia in 2026. It offers 2000+ CFD instruments, 0.0 pip raw spreads, instant withdrawals, FPX deposits, MYR base currency, and 24/7 Bahasa Melayu support. For stock and ETF CFDs, EBC is superior with 5800+ instruments and its award-winning proprietary platform.
What is CFD trading and is it legal in Malaysia?
CFD (Contract for Difference) trading lets you speculate on price movements of assets like Gold, Oil, and Stocks without owning the underlying asset. It is legal in Malaysia. Malaysian traders typically use offshore brokers regulated by FCA, ASIC, or CySEC. Be aware that 60-80% of retail CFD accounts lose money.
Which CFD broker has the most instruments for Malaysia?
TMGM offers the widest range with over 10,000 instruments via its IRESS platform, including Australian, US, and Hong Kong shares. EBC follows with 5800+ stock and ETF CFDs. Exness offers 2000+ CFDs across Forex, stocks, indices, crypto, and commodities — sufficient for most traders.
What are the costs of CFD trading in Malaysia?
CFD trading costs include: (1) Spread — the difference between buy and sell price. (2) Commission — charged on ECN/Raw accounts ($3-7 per lot). (3) Swap — overnight holding fee (waived on Islamic accounts). (4) Conversion fees — if your account is in USD and you deposit MYR. Most brokers charge no deposit or withdrawal fees.
Can I trade Gold CFDs with Malaysian Ringgit?
Yes. Exness and XM both accept MYR deposits and offer Gold (XAU/USD) CFDs. Exness also offers a MYR base currency account, which means you can trade Gold without converting USD/MYR each time. This saves 1-3% on every deposit and withdrawal.
What is the minimum deposit for CFD trading in Malaysia?
Minimum deposits: Exness ($10), XM ($5), EC Markets ($50), TMGM ($100), EBC ($0), IC Markets ($200). For most Malaysian traders starting with CFDs, Exness or XM offer the most accessible entry points. Always start with a demo account before trading real money.
Which CFD broker is best for Gold trading in Malaysia?
Exness and TMGM are the best for Gold CFD trading in Malaysia. Both offer 0.0 pip spreads on Gold via their Raw/ECN accounts. Exness adds the advantage of instant withdrawals and MYR support. TMGM is ranked #1 by retail FX volume and provides institutional-grade liquidity for Gold.
Are CFD losses tax-deductible in Malaysia?
Malaysia does not currently impose capital gains tax on most personal investments, so CFD profits are generally not taxable for retail individuals. Conversely, CFD losses are typically not tax-deductible. If trading is your primary income, consult a Malaysian tax professional. This is not tax advice.
Find Your Best CFD Broker
Compare all brokers side-by-side or use our platform finder to match your trading style.