Malaysia is not particularly well-known as a hub for international forex brokers, but there are still some forex brokers that operate in South East Asian nation. However, Malaysia has a fairly well-developed financial sector and an active community of retail forex traders.
All forex brokers in Malaysia must be regulated by the Securities Commission Malaysia (SCM). In 2018, the regulator issued new guidelines for CFD trading in the country, and it is expected that more international forex brokers will set up local entities in Malaysia in the coming years to take advantage of this new regulatory framework.
The legal registration of all forex brokers operating in Malaysia can be verified by looking up the broker’s SCM registration number on the SCM’s website.