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Malaysia is a country in South East Asia. The countries neighbouring Malaysia are: Thailand, Indonesia and Brunei. Binary option trading is becoming famous worldwide among all investors. As a result, Malaysian traders are making quick money by trading binary options. But binary options trading in Malaysia is legal as in any other country.
Binary Option Malaysia offers traders a chance to become millionaires if they move in a planned manner. However, trading binary options in Malaysia requires traders to follow a step-by-step procedure. This binary options trading guide will teach you everything about trading them in Malaysia.
A step-by-step guide to trading binary option in Malaysia
What you will read in this Post
Malaysian traders looking forward to earning quick profits by placing binary options trade can follow these steps.
#1 Pick an available binary options broker in Malaysia
There are several binary option brokers worldwide. With the popularity of their trading, you can witness a rise in the number of binary options brokers. However, every broker does not have jurisdiction in all countries. So, if you wish to trade binary options in Malaysia, you can pick different binary options brokers with a permit to offer the broker services in the country.
Though there are several brokers, the services of three main brokers are worthwhile in Malaysia. These brokers also have an OTC derivative license which permits them to offer their services.
List of the 4 best Binary Options brokers in Malaysia
There are many Binary Options brokers all over the world. But not all brokers are available in Malaysia. Here are the top 4 Binary Options brokers in Malaysia.
These are the top 4 Binary Options brokers in Malaysia – give it a look:
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
300+ Markets
- $10 minimum deposit
- Free demo account
- High return up to 100% (in case of a correct prediction)
- The platform is easy to use
- 24/7 support
100+ Markets
- Professional platform
- Free demo account
- $10 minimum deposit
- Webinars and education
- High payouts
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
from $10
(Risk warning: Trading is risky)
300+ Markets
- $10 minimum deposit
- Free demo account
- High return up to 100% (in case of a correct prediction)
- The platform is easy to use
- 24/7 support
from $10
(Risk warning: Your capital might be at risk)
100+ Markets
- Professional platform
- Free demo account
- $10 minimum deposit
- Webinars and education
- High payouts
from $10
(Risk warning: Trading is risky)
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
from $50
(Risk warning: Trading is risky)
1. Quotex
Quotex.io is the platform of the future. It came into existence in 2020 and has gained immense popularity since then. The best part of this platform is that it offers market signals to traders for determining accurate predictions. Quotex.io is the by-product of Awesomo Ltd. It operates under the regulations of IFMRRC.
The payment options are limited to cryptocurrencies for traders of Canada, the USA, Germany, and Hong Kong but not for traders from Malaysia. It offers you a maximum payout of up to 100%, which is a commendable figure. But the payout percentage might vary, depending upon the asset type, its liquidity, and market performance. The broker platform doesn’t offer MT4 & MT5 platforms.
Get a free deposit bonus of 50% at Quotex with our promotion code “bobroker50“
You get to pick the expiry duration between 60 seconds to 4 hours. Also, you can fine-tune the price graph to see even the fluctuation in a matter of seconds. You get analyst recommendations regarding price direction, duration, and asset choice, to help streamline the profit potential. Clients also get favors by adapting to trading customization.
Is Quotex legal in Malaysia?
Certainly, Quotex is legally accessible to clients in Malaysia, offering trading opportunities. It is important to note that, being a non-Malaysian entity, Quotex is not registered with the Securities Commission of Malaysia.
(Risk warning: You capital can be at risk)
2. IQ Option
IQ Option is the platform of 2013 and its genuineness for offering the services. It is an ideal platform that is dedicated to the purpose of CFD and binary options trading. Also, it has a humongous portfolio of different financial products that gives a plethora of options to choose from the list. Moreover, IQ Option has received several awards, which makes it reputed and popular across the globe.
It is one of the best binary options broker Malaysia, which offers you a maximum payout of up to 95%. Just like any other platform, the payout rate varies depending upon the asset’s performance in the market. You get a considerable amount of trading tools in order to help you determine the prediction accuracy. In fact, you can leverage the potential of technical indicators to identify the price movement pattern of a selected asset and predict it.
IQ Option is available for traders in 13 languages. If the Malaysian traders prefer to toggle between the preferred languages, they are free to do so! With that, you also get multi-chart layouts, economic calendars, historical quotes, stock screeners, market updates, and volatility alerts. All of these features are to intend an accuracy in trade prediction. The interface is outstanding and easy to navigate, even for beginners.
Is IQ Option legal in Malaysia?
Trading with IQ Option is completely legitimate in Malaysia, and the company operates within the legal framework. There are no stringent regulations or restrictions imposed on this European-based platform. As a Malaysian resident, you have the opportunity to register for free and engage in trading across a diverse range of over 500 markets.
(Risk warning: You capital can be at risk)
3. Olymp Trade
Olymp Trade is one of the several modern-day platforms that introduced the concept of binary options trading to most of unaware trading aspirants. This platform is ideal, not just for small investors, but has outstanding features for professionals as well. Furthermore, Olymp trade offers a wide range of financial instruments from different markets.
Olymp Trade, being the best binary options broker in Malaysia, has set up diverse payment options for traders. The platform has considered the convenience of all the binary options traders. You can also deposit your Bitcoin on this platform in order to commence with your binary options trading in Malaysia. Olymp Trade holds the title for being the best financial broker at CPA Life Awards in 2017.
The interface being offered by Olymp Trade is quite prominent and easy to use. This platform has excellent usability for both beginners as well as experienced traders. It has records for holding a high amount of daily users, which is a sign of efficacy for the brand. The platform is clean and has organized links to features offered by the broker. It operates under the regulation of CySEC and offers a maximum payout of up to 90%.
Is Olymp Trade legal in Malaysia?
Yes, Olymp Trade offers a multitude of advantages to traders globally, including those in Malaysia. The platform conducts thorough due diligence on all traders as part of its commitment to preventing fraud and money laundering.
(Risk warning: You capital can be at risk)
4. Pocket Option
Pocket Option is the last in this list but is not least than any of the above options. It operates under the regulation of IFMRRC and has a great name in the industry for its bonus features. You can get up to 92% of the maximum payout over this platform. You get to go with high/low or turbo trade, depending upon your priorities over this platform.
Furthermore, Pocket Option allows you to commence with social trading features for better profits. Unlike most of the other trading platforms, Pocket Option offers only one trading account type to all Malaysian traders. It is to keep the trading journey uniform for both beginners as well as professionals. The amount of deposit that one can make is the sole decision of the traders, but there is no categorization of traders as standard or VIP.
You can set the trading expiry between the ranges of 60 seconds to 4 hours. The security aspects of the traders’ capital are high within the platform. Pocket Option might not have the highest grip over the market, but it is still a popular binary options broker in Malaysia, with impeccable features.
Is Pocket Option legal in Malaysia?
Yes, but Pocket Option operates without specific regulations in Malaysia, lacking a financial license, which may prompt security concerns. However, it’s worth noting that the company maintains a favorable reputation and has demonstrated its trustworthiness to traders over time.
(Risk warning: You capital can be at risk)
#2 Sign up for a live trading account
After choosing a broker, a trader can visit the online trading platform’s website and click on the ‘create my account’ or the ‘sign up option.
The signup process would require you to enter your name, email, and other relevant details that a broker would need to validate your account.
(Risk Warning: Your capital can be at risk.)
#3 Use a demo account or a live account
Now, traders can initiate trading with a demo trading account if they don’t have any prior trading experience. In addition, the binary option demo account does not require traders to invest their real funds in trading binary options in Malaysia or elsewhere. Thus, traders can easily save themselves from unexpected losses.
However, if a trader knows and holds prior trading experience, he can begin with a live trading account. Traders can add real funds to their live trading accounts. Funding your account allows you to trade binary options.
(Risk Warning: Your capital can be at risk.)
#4 Pick an asset to trade
Now, a trader can choose an underlying asset that he thinks is performing exceptionally well in the market. In that case, they can search for it by clicking on the ‘find’ or ‘search’ option on the online trading platform.
After traders find their underlying asset, they can place a trade. However, before doing so, a trader must make an analysis.
#5 Make a proper analysis
Now, a trader’s task is to analyze the market conditions well. Binary options Malaysia trading involves risk like any other trading form. If your analysis of an accurate price hike or downfall is improper, you will likely lose your money!
So, it is crucial to make a proper analysis.
- Traders can use several trading tools and indicators to know the direction in which the underlying asset’s price will move.
- They can use trend analysis to find whether the asset’s price will rise.
- Besides, following news and other information about the asset will also come in handy.
- In addition, traders can combine all these activities to develop a perfect trading strategy.
#6 Place the trade
Once your technical analysis satisfies you and you believe you have researched enough, you can place your binary options trade. Placing your trade is simple; you only need to choose an underlying asset and select the strike price and expiry time.
| Good to know! |
| Binary options trading has different expiry times. For instance, you can place trades that expire within seconds or minutes. So, whether you reside in Malaysia or any other country, binary options trading gives you a chance to mint money quickly. |
(Risk Warning: Your capital can be at risk.)
#7 Wait for the result
Now, if your analysis turns out to be accurate, you will win your binary options trade. If not, you lose your money. It is the reason why it is known as binary options trading. However, it has only two outcomes.
Traders will find their trading account balance grows if their proposition is accurate. On the other hand, an improper analysis will cause them losses. So, it is always better to plan your move after a thorough market analysis.
Now that you have a handy binary options trading guide, here are a few basics that you should know.
(Risk Warning: Your capital can be at risk.)
Financial regulation in Malaysia
All of the OTC derivatives, including binary options trading offered by Malaysian companies, need a license from the regulatory authorities in order to operate seamlessly. But, as of now, there are no companies that have registered to the Securities Commission and FMAM for a binary options broker license. Therefore, traders are relying on offshore brokers to trade binary options.
The recognition of binary options as OTC Derivatives is recent. Until 2011, the only OTC derivatives exchange recognized was the local Kuala Lumpur Commodities Exchange. With the recognition of the popularity in association with binary options trading, the authorities decided to upgrade their laws in order to regulate the money remitting aspects from offshore brokers to the country.
(Risk warning: You capital can be at risk)
Is binary trading legal in Malaysia?
As a neighbor to one of the largest financial countries in the Asian region, Malaysia has come a long way in validating good things. For example, even though the country does not lay out clear-cut trading regulations for binary options, it does not mean it is illegal.
Binary option are fully legal in Malaysia, like in many neighboring countries. So, if you are a Malaysian trader looking to earn some money through binary options trading, you can sign up with an available broker.
The Malaysian Central Bank and Financial Markets Financial Association of Malaysia oversee the functioning of the binary options market. These authorities keep a check and prevent any fraudulent activities from happening.
So, illegal money transfer across Malaysian borders is impossible for traders. In addition, these authorities make trading in Malaysia risk-free and easy binary options trading.
Payment methods for traders in Malaysia
It defeats the trading purpose if you cannot fund your live trading account with money. So, traders in Malaysia should have access to all payment methods that they can use easily.
Here are some binary options payment methods available for Malaysian traders.
(Risk Warning: Your capital can be at risk.)
Bank transfers
Using a bank transfer, you can fund your trading account with an available broker. Bank transfers allow you to fund your account quickly. However, withdrawing funds through this payment method might take some time.
The online trading platforms in Malaysia generally do not charge deposit or withdrawal fees. However, you might have to pay some if your bank levies any.
Card payments
Card payments are common and widely used payment methods by Malaysian traders. Traders can use both debit and credit cards to fund their accounts as long as these cards belong to them.
Card payments for funding your trading account are quick. However, the withdrawals you make through your card might take up to 2-24 hours to reflect.
Electronic wallet
Electronic wallets are in vogue these days and make a convenient payment method. Traders worldwide use electronic wallets to fund their trading accounts or withdraw funds.
Payments through electronic wallets are quick and instant.
Cryptocurrency
Traders in Malaysia can access several cryptocurrencies, such as Bitcoin, Bitcoin Cash, and Litecoin, among several others. They can use these currencies to fund their trading account with the available brokers.
Withdrawals through cryptocurrency are just as easy. The benefit of using cryptocurrency for funding and withdrawal is that it offers a quick money transfer.
Pros and cons of Binary Option trading in Malaysia
Binary options trading in Malaysia has its pros and cons, like elsewhere. Here are some of them.
The pros of binary options trading are:
- Binary options trading is generally risk-free as long as you make an expert analysis.
- Traders can manifold their account balance by trading them with profit.
- Binary options trade expires within seconds, so traders don’t have to wait for a long time to know the results of their decisions.
- Traders can access several underlying assets and place multiple binary options trades simultaneously.
The cons of binary options trading are:
- Trading binary options require a high level of expertise in making the correct analysis.
- It is not an ideal form of trading for emotional traders. It is because trading binary options can be addictive. A trader might place back-to-back trades after losing one to recover the losses he previously made.
- Even though the trades expire within a few seconds, a trader has to track the charts and analyze the market for several days. He should only come up with an expert proposition when trading binary options.
Risks of binary options trading in Malaysia
Before traders in Malaysia indulge in binary options trading, they should know about binary options trading risks.
- Binary options trading involves a huge amount of analysis. So, traders who fail to undertake a proper analysis stand a chance of losing their money.
- It is a trading form that is highly volatile, and traders stand the risk of losing their real money.
- Apart from this, several scam brokers operate in the market. If a trader falls into their trap, it can be impossible for him to get his money.
Conclusion: Binary Options trading is available in Malaysia
Binary options trading in Malaysia is picking pace because it is a recognized form of trading. Traders can sign up with the brokers available in Malaysia and initiate their trading journey.
Even though binary options trading is safe, several risks are still associated with their trading. So, a trader should always try to revisit trading decisions and build some worthwhile trading strategies.
(Risk Warning: Your capital can be at risk.)
Frequently Asked Questions (FAQs) about Binary Options in Malaysia:
As a Malaysian trader, can I trade binary options?
Yes! Binary options trading is fully legal in Malaysia. You only need to choose one of Malaysia’s available binary options brokers to start trading.
How do binary options trade work?
Binary options trading involves a trader making a yes/no proposition about a hike or downfall in any asset’s price. If the price rises, the trader wins. However, a fall in the price can cause a trader to lose money.
Is binary options trading safe in Malaysia?
Yes. Binary options trading is safe in Malaysia as long as you move on the right path to building trading strategies. However, traders should also choose a reputed broker to avoid getting scammed.
How much money do you need in Malaysia to trade binary options?
The required funds for trading binary options in Malaysia can vary based on your broker, strategy, and risk preferences. Research and select a suitable broker within your budget, and be sure to practice responsible risk management.
What are common payment methods for binary options brokers in Malaysia?
Typically, binary options brokers in Malaysia offer a range of payment methods. These include bank cards, bank transfers, digital wallets such as Skrill and Neteller, local payment options, and cryptocurrencies like BTC and XRP.
What are the risks of binary trading options in Malaysia?
Binary options trading in Malaysia carries significant risks, including the potential loss of your entire investment. It lacks regulation, increasing the risk of encountering fraudulent brokers.
Can you trade binary options for free in Malaysia?
Binary options trading usually requires real money investments to generate profits. Demo accounts, offered by some brokers for practice, use virtual funds and are not for actual monetary transactions.
