Introduction to this section

Through its service over the years, allFX-Consult saw a need for a more educated industry, relative to the solutions/options an investor has when deciding on how to move forward.

The aim of this section is to provide information to investors looking into EU/Offshore options to Start a Forex Brokerage or expand their current operations. Although in some regions we include broker information (trading conditions, leverage), it is not intended to be used by a forex trader as an investment advice or to compare and evidently open an account with one of our listed brokers.

Last update: December 2019

Malaysia Forex License

Economy of Malaysia
Main indicators
GDP$354.35 billion
Inflation rate1.10%
External Debt$220.1 billion
Interest Rate3%
Deposit Interest Rate3.10%
Corporate Tax Rate24%
Population31.95 million
Per capita incomeas of 2018 - 11079
Unemployment Rate3.30%
Corruption Rank61%
Malaysia Forex License
Case in point
Average Cost for license
Over €20,000
Office requirements

Employees required


Capital Requirements
Regular reporting

Publicly Recorded Info
List of brokers
currently regulated in Malaysia
#Company Legal NameWebsite LinkFoundedBroker TypeOther*Other Licenses
1AFS Global Limited, DFSA, CySEC, CMA, MFSC
2Albus Capital Inc.
3Alfa Assets Group Limited
4Alpha Data Ltd.--MM--
5Auric International Markets Limited
6Belfrics International Limited (formerly known as Po Tai Global Development Limited)
7Binary (FX) Ltd. (also approved to conduct innovative financial services related business), VFSC, FSA(SVG),
8BX Financial Group Limited
9CFX Prime Clearing Corporation
(also approved to conduct innovative
financial services related business)
10City Credit Capital (Labuan) LTD
11Fusang Exchange Ltd
12FXgate Ltd.
13FXRiver Ltd
14Golden Brokers Limited
15Hirose Financial MY Limited (also approved to conduct innovative financial services related business)www.hiroseuk.com2004MM-FCA
16HWGG Capital P.L.C. (also approved to conduct innovative financial services related business)
17Hyper Global Trade Pte. Ltd
18ICE-FX Markets Limited, STP-
19ICM Trader LtdMM--
20IRC Ltd.
21Makasky Limited
22Market Alliance Limited
23MGK Global Limited, STP-
24MX Capital Financial Limited
25Neurogine Capital (L) (also approved to conduct innovative financial services related business)
26Ortega Capital Limited
27Revollet International Limited
28RoboMarkets Asia Ltd, STPCySEC, IFSC
29Saba Capital Inc.
30SDD Capital Markets Limited (formerly known as D2M LTD.)
31SG Advisory Limited--MM--
32Strategy Station Ltd.
33Suite Dynamics Financial Ltd.--MM--
34Tickmill Asia Ltdhttps://www.tickmill.com2014MM-FSA(SC), FCA, CySEC
35Topworth Investments Ltd.
36Tradewinds Futures Limited--MM--
37TVM Global Limited-MM--
38UW Global Inc.


DFSA: Dubai Financial Services Authority / CMA: Lebanon Capital Markets Authority / MFSC : Mauritius Financial Services Commission / VFSC: Vanuatu Financial Services Commission / IOM: UK Gambling Commission (Isle of Man) / MGA: Malta Gaming Authority / MFSA: Malta Financial Services Authority / IFSC: Belize International Financial Services Commission / FSA(SC): Seychelles Financial Services Authority / FSA(SVG): FSA of St Vincent and the Grenadines.

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