Which broker is better for Malaysia traders in 2026? Expert analysis across 12 categories.
For experienced retail traders in Malaysia, choosing between EasyMarkets and FxPro requires a close look at costs, platforms, and local payment methods. Both brokers accept MYR deposits via FPX, Bank Transfer, Skrill, and USDT, making them convenient for Malaysian users. However, they differ significantly in trading conditions and overall score: EasyMarkets holds a 3.4/5 rating, while FxPro leads with 4.1/5. FxPro’s stronger offering includes tighter spreads, faster execution, and multiple platform choices (MT4, MT5, cTrader). EasyMarkets appeals to those who prefer fixed spreads and innovative tools like dealCancellation. Neither broker is directly regulated by the Securities Commission Malaysia (SC Malaysia), but both hold reputable international licenses. This comparison helps Malaysia traders decide which broker aligns with their trading style and local requirements.
| Instrument | EasyMarkets | 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 | $25 | $100 | FxPro |
For Malaysia traders, trading costs are a critical factor. FxPro offers lower spreads, especially on its RAW account with spreads from 0.0 pips plus a commission of $4.50 per lot round turn. EasyMarkets uses fixed spreads that start around 1.0 pips on EUR/USD with no commission. Over high-volume trading, FxPro’s variable pricing is more cost-effective. EasyMarkets’ fixed spreads can be higher during volatile markets but provide certainty. Malaysia traders trading 10+ lots per month will save significantly with FxPro, while occasional traders may prefer EasyMarkets’ predictable costs.
| Account Type | EasyMarkets | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $100 |
| Entity / Asset | EasyMarkets | FxPro |
|---|---|---|
| Malaysia (offshore) | Up to 1:2000 | Up to 1:500 |
| Forex major pairs | 1:2000 | 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 | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | 1,700+ | FxPro |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FxPro excels in platform choice, offering MetaTrader 4, MetaTrader 5, and cTrader—all popular among experienced traders in Malaysia. cTrader’s advanced charting and order types appeal to scalpers. EasyMarkets provides its proprietary web platform and mobile app, which has a simpler interface but fewer tools. For Malaysia traders who rely on automated trading, FxPro’s support for Expert Advisors (EAs) on MT4/MT5 is a major advantage. EasyMarkets’ platform is more suited for manual traders who prefer a streamlined experience.
| Factor | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
FxPro offers faster execution with no requotes, thanks to its No Dealing Desk (NDD) model and access to multiple liquidity providers. EasyMarkets uses a market maker model, which can occasionally lead to slippage on volatile news. For experienced Malaysia traders who scalp or trade news events, FxPro’s execution quality is superior. EasyMarkets offers guaranteed stop-loss orders, which can be useful for risk management but may widen spreads.
| Safety Factor | EasyMarkets | FxPro |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Neither EasyMarkets nor FxPro holds a license from the Securities Commission Malaysia (SC Malaysia). EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia). FxPro holds licenses from CySEC, FCA (UK), FSCA (South Africa), and SCB (Bahamas). For Malaysia traders, this means no local investor protection scheme exists. However, FxPro’s multiple tier-1 regulators offer stronger overall oversight. Traders should weigh the absence of SC Malaysia regulation against the brokers’ international compliance. Given the scores, FxPro’s regulatory framework is more robust.
| Payment Method | EasyMarkets | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | 1 business day |
Both brokers simplify funding for Malaysia traders with support for FPX, Bank Transfer (local MYR), Skrill, and USDT. EasyMarkets also accepts credit/debit cards and Neteller. FxPro adds PayPal and unionpay. Minimum deposits are $100 for both (approx RM450). FPX and Bank Transfer deposits are typically processed within 1-2 business days, while Skrill and USDT are instant. Withdrawals are normally processed within 24 hours; FxPro is faster on average. Both brokers do not charge deposit fees, but Malaysia bank intermediary fees may apply for Bank Transfers. USDT deposits via TRC-20 are low-cost and popular among Malaysian traders.
| Islamic Account Feature | EasyMarkets | 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 |
Muslim traders in Malaysia can open Islamic (swap-free) accounts with both brokers. EasyMarkets automatically offers swap-free accounts for clients from Muslim-majority countries including Malaysia. FxPro requires a simple request, and Islamic accounts are available on all account types, including RAW (which is rare). Both brokers comply with Sharia principles by not charging or crediting swaps on overnight positions. FxPro’s Islamic accounts also have no time limit, while EasyMarkets may impose a holding period limit on some instruments. For long-term swap-free trading, FxPro is more flexible.
| Support Feature | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support is available 24/5 for both brokers. EasyMarkets offers live chat, email, and phone support in English and several other languages. FxPro provides 24/5 support via live chat, email, and phone, with support in Bahasa Malaysia (Malay) along with other languages—a key advantage for local traders. FxPro’s response times are generally faster, and they have a dedicated Malaysia presence through local phone numbers.
| Mobile Feature | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose FxPro if you...
For experienced retail traders in Malaysia, FxPro is the better overall choice with a 4.1/5 rating, lower spreads, superior execution, and more platform options. It also supports local MYR deposits via FPX, Bank Transfer, Skrill, and USDT, plus offers Islamic accounts without restrictions. EasyMarkets (3.4/5) is not a bad option—its fixed spreads and risk tools appeal to certain traders—but it lacks the cost efficiency and trading flexibility that experienced users demand. Considering SC Malaysia does not regulate either broker, FxPro’s multiple tier-1 licenses provide stronger safety. Malaysia traders seeking value and performance should choose FxPro.