Which broker is better for Malaysia traders in 2026? Expert analysis across 12 categories.
For experienced retail traders in Malaysia, choosing between FxPro and Libertex is a critical decision. Both brokers are well-known globally, but they cater to different trading styles and preferences. FxPro, with a rating of 4.1/5, is a multi-asset broker offering over 2,100 instruments, including forex, indices, commodities, and shares. Its reputation for tight spreads, advanced trading platforms (MT4, MT5, cTrader), and robust execution makes it a strong choice for active traders. Libertex, rated 3.7/5, is a user-friendly broker with a focus on simplicity and a wide range of CFDs. It offers a proprietary platform that is easy to navigate, making it suitable for traders who prefer a streamlined experience. Both brokers accept Malaysia traders and support local payment methods like FPX, Bank Transfer, Skrill, and USDT. However, neither is directly regulated by the Securities Commission Malaysia (SC Malaysia). This comparison will help you understand which broker aligns better with your trading goals, whether you prioritize low costs, platform variety, or local payment convenience.
| Instrument | FxPro | Libertex | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Libertex |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Libertex |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Libertex |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Libertex |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $10 | Libertex |
When comparing trading costs for Malaysia traders, FxPro generally offers lower spreads, especially on major forex pairs like EUR/USD, where raw spreads start from 0.0 pips on the cTrader platform. This is ideal for high-volume traders who need to minimize transaction costs. Libertex has slightly higher spreads but compensates with commission-free trading on some account types. For Malaysia traders who trade frequently, FxPro’s tighter spreads can lead to significant savings over time. Libertex, however, may appeal to those who prefer a simpler cost structure without worrying about commissions.
| Account Type | FxPro | Libertex |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $10 |
| Entity / Asset | FxPro | Libertex |
|---|---|---|
| Malaysia (offshore) | Up to 1:500 | Up to 1:999 |
| Forex major pairs | 1:500 | 1:999 |
| 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 | FxPro | Libertex | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FxPro |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FxPro |
| Crypto CFDs | 30+ | 20+ | FxPro |
| Stocks / Share CFDs | 1,000+ | ✗ | Libertex |
| ETFs | ✗ | ✓ | Tie |
| Platform | FxPro | Libertex |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FxPro provides a comprehensive suite of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, all of which are popular among experienced traders for their advanced charting tools, automated trading capabilities, and extensive indicators. Libertex, on the other hand, offers a proprietary web-based platform that is intuitive and easy to use, but lacks the depth of MT4/MT5. For Malaysia traders who rely on Expert Advisors (EAs) or complex technical analysis, FxPro is the better choice. Libertex is more suited for traders who prefer a straightforward, mobile-friendly experience.
| Factor | FxPro | Libertex | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Libertex |
| Avg execution speed | ~30ms | ~40ms | FxPro |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
FxPro is known for its fast execution speeds, with an average execution time of under 50 milliseconds, making it ideal for scalpers and high-frequency traders. Libertex also offers competitive execution, but its proprietary platform may not match the speed of FxPro’s cTrader or MT4. For Malaysia traders who prioritize quick order execution, FxPro is the stronger choice.
| Safety Factor | FxPro | Libertex |
|---|---|---|
| Primary regulator | FCA | CySEC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Neither FxPro nor Libertex is directly regulated by the Securities Commission Malaysia (SC Malaysia). FxPro is regulated by top-tier authorities like the UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. Libertex is regulated by CySEC and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. For Malaysia traders, this means that while both brokers offer some level of protection, they are not under the direct oversight of local regulators. Traders should exercise due diligence and understand the risks of trading with offshore brokers.
| Payment Method | FxPro | Libertex |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | 1 business day | 5 business days |
Both FxPro and Libertex support a range of payment methods popular among Malaysia traders, including FPX, Bank Transfer, Skrill, and USDT. Deposits via FPX and USDT are typically processed instantly, while Bank Transfer may take 1-2 business days. Skrill deposits are also instant. Withdrawals are generally processed within 24 hours for e-wallets and 2-5 business days for bank transfers. FxPro does not charge deposit fees, but withdrawal fees may apply for certain methods. Libertex also offers fee-free deposits, but withdrawal fees vary. Malaysia traders should check each broker's fee schedule for the specific payment method they intend to use.
| Islamic Account Feature | FxPro | Libertex |
|---|---|---|
| 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 FxPro and Libertex offer Islamic (swap-free) accounts for Malaysia Muslim traders who need to comply with Sharia law. FxPro provides Islamic accounts upon request, with no swap or rollover fees on overnight positions. Libertex also offers swap-free accounts, but conditions may differ depending on the instrument and account type. Malaysia traders should confirm eligibility and any additional requirements with customer support before opening an account. Both brokers aim to accommodate Muslim traders, but FxPro’s policy is more straightforward.
| Support Feature | FxPro | Libertex | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FxPro |
FxPro offers 24/5 multilingual customer support via live chat, email, and phone, with a dedicated team for Malaysia traders. Libertex also provides 24/5 support through live chat, email, and phone, but response times can be slower during peak hours. For Malaysia traders who need quick assistance, FxPro’s support is generally more responsive and reliable.
| Mobile Feature | FxPro | Libertex | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FxPro |
| Google Play rating | 4.3 stars | 4.2 stars | FxPro |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | FxPro | Libertex | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | FxPro |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FxPro |
Choose FxPro if you...
Choose Libertex if you...
For experienced retail traders in Malaysia, FxPro is the stronger choice overall. Its higher rating (4.1/5), lower spreads, advanced platforms, and fast execution make it ideal for active trading. Libertex, while user-friendly and suitable for beginners, lacks the depth and cost efficiency that experienced traders need. Both brokers support local payment methods like FPX, Bank Transfer, Skrill, and USDT, and neither is regulated by SC Malaysia. If you prioritize advanced tools and low costs, choose FxPro. If simplicity is your goal, Libertex is a decent alternative.