Which broker is better for Malaysia traders in 2026? Expert analysis across 12 categories.
For experienced Malaysia retail traders, choosing between Admirals and FxPro is a close call. Both brokers score an equal 4.1/5 rating and cater to active traders with advanced tools. However, their strengths diverge on key local factors. Admirals stands out with its support for Malaysia-friendly deposit methods like FPX, Bank Transfer, Skrill, and USDT—a major convenience for traders who want to fund accounts in MYR without high conversion fees. FxPro, meanwhile, is renowned for its execution speed and platform variety, including MT4, MT5, and cTrader. Both brokers operate under strong regulatory oversight (FCA, CySEC) but are not directly licensed by SC Malaysia. This comparison breaks down spreads, platforms, deposits, and Islamic account options to help you decide which broker fits your Malaysia trading style in 2026.
| Instrument | Admirals | FxPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FxPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FxPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FxPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FxPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $1 | $100 | Admirals |
When comparing trading costs for Malaysia traders, Admirals has a slight edge on spreads. Its Zero account offers raw spreads from 0.0 pips with a $3 commission per lot, ideal for scalpers and high-frequency traders. FxPro's cTrader account starts from 0.6 pips with no commission, which can be cheaper for lower-volume traders. For a typical Malaysia trader executing 10 standard lots per month on EUR/USD, Admirals would cost around $30 in commission versus FxPro's $60 in spread cost. However, FxPro's fixed spread accounts provide cost certainty during volatile Asian session news events, which some Malaysia traders prefer.
| Account Type | Admirals | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $1 | $100 |
| Entity / Asset | Admirals | FxPro |
|---|---|---|
| Malaysia (offshore) | Up to 1:500 | Up to 1:500 |
| Forex major pairs | 1:500 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | Admirals | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Admirals |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Admirals |
| Crypto CFDs | 30+ | 20+ | Admirals |
| Stocks / Share CFDs | 1,000+ | 1,700+ | FxPro |
| ETFs | ✓ | ✗ | Tie |
| Platform | Admirals | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FxPro offers a broader platform selection including MT4, MT5, cTrader, and its proprietary FxPro Edge. This variety suits Malaysia traders who want to switch between ECN and standard execution. Admirals provides MT4 and MT5, plus its own WebTrader and mobile apps. For Malaysia traders using VPS or expert advisors, both brokers support automated trading, but FxPro's cTrader is particularly strong for algorithmic trading with its cAlgo feature. Admirals' platforms are more streamlined, which some traders find easier to navigate.
| Factor | Admirals | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | Admirals |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
FxPro is known for its superior execution quality, with average execution speeds under 15ms on its cTrader platform. This is ideal for scalpers and day traders in Malaysia who need fast fills during volatile Asian sessions. Admirals also offers good execution, averaging around 30ms on MT4. Both brokers use No Dealing Desk (NDD) execution, but FxPro's infrastructure is slightly more advanced. For high-frequency traders, FxPro is the better choice.
| Safety Factor | Admirals | FxPro |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Admirals is regulated by the UK's FCA, Cyprus CySEC, and other authorities, while FxPro holds licenses from the FCA, CySEC, and FSCA. Neither broker is directly regulated by SC Malaysia, which means Malaysia traders do not have local dispute resolution through SC. However, both brokers segregate client funds and participate in compensation schemes (FSCS in UK, ICF in Cyprus). For Malaysia traders, this offers a reasonable level of protection, but you should be aware that your funds are held overseas. Always verify the specific entity you are trading with, as terms may vary by region.
| Payment Method | Admirals | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | e-wallets take instant to 1 business day, credit/debit cards take 1 business day, and bank transfers take 1 to 3 business days. | 1 business day |
For Malaysia traders, Admirals is the clear winner in deposit methods. It supports FPX (instant local bank transfer), Bank Transfer, Skrill, and USDT (Tether) deposits. FPX allows you to fund your account directly from Maybank, CIMB, Public Bank, and other local banks without currency conversion fees. FxPro supports Bank Transfer and Skrill but lacks FPX and USDT. Withdrawals at both brokers are free, but Admirals processes FPX withdrawals within 1 business day, while FxPro's bank transfers can take 2–5 days. Minimum deposits are $100 for Admirals and $100 for FxPro. For traders who want to use USDT for faster, low-cost funding, Admirals is the only option between the two.
| Islamic Account Feature | Admirals | FxPro |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both Admirals and FxPro offer Islamic (swap-free) accounts for Malaysia Muslim traders. Admirals provides swap-free accounts on all account types with no time limit, meaning you can hold positions overnight without paying swap fees indefinitely. FxPro also offers Islamic accounts but may apply a swap-free period (typically 30 days) or charge an administration fee for long-held positions. Malaysia traders who practice long-term swing trading may prefer Admirals for its unlimited swap-free policy. Always confirm the latest terms with both brokers, as policies can change.
| Support Feature | Admirals | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Admirals |
Admirals offers 24/5 live chat, email, and phone support in English. FxPro provides 24/5 support via live chat, phone, and email, with multilingual agents including English. Both brokers have responsive support, but FxPro's phone support is slightly faster during Asian trading hours. For Malaysia traders, neither broker has a local Malaysia phone number, but both respond to queries within a few hours via live chat.
| Mobile Feature | Admirals | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Admirals |
| Google Play rating | 4.3 stars | 4.2 stars | Admirals |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | Admirals | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Admirals |
Choose Admirals if you...
Choose FxPro if you...
For Malaysia traders, the choice between Admirals and FxPro comes down to your priorities. If local payment convenience is key, Admirals wins with FPX, Bank Transfer, Skrill, and USDT support—making it easy to fund in MYR. Its lower spreads and unlimited Islamic accounts also appeal to cost-conscious and Muslim traders. FxPro excels in execution speed and platform variety, making it ideal for scalpers and algorithmic traders. Both are well-regulated and offer strong protection, though neither is SC Malaysia-licensed. Overall, Admirals is better for Malaysia traders who value local payments and low costs, while FxPro suits those who prioritize execution and platform flexibility.