FXPro Trading Account Types Available in Malaysia

Understanding FXPro Account Categories in Malaysia

Our company offers several trading account types tailored for Malaysian clients. These categories include Standard, Raw+, and cTrader accounts, each with unique pricing and execution models. Malaysian traders gain access to forex pairs alongside CFDs on indices, commodities, and cryptocurrencies. Account minimum deposits start at USD 100, with the cTrader account requiring USD 500. We implement stringent verification procedures aligning with Malaysian regulatory standards, including MyKad and proof of address submission.

Account verification usually completes within 24 to 48 hours for residents of Malaysia. Clients confirm identity through MyKad, verify addresses via recent utility bills, and confirm contact details with SMS. Our accounts support base currencies such as USD, EUR, GBP, and MYR, with no added charges for currency conversions at interbank rates.

Standard Account Features for Malaysian Traders

The Standard account provides fixed spreads starting at 1.5 pips on major forex pairs. Malaysian users benefit from commission-free trading with either hedging or netting modes selectable. The account covers over 70 forex pairs and more than 170 CFDs, including indices and commodities. Market data streams from tier-1 liquidity providers in real-time, ensuring accurate pricing. Execution speed averages 0.03 seconds during local trading hours.

Standard Account Trading Conditions

Leverage for retail Malaysian traders caps at 1:30, while professional clients may access up to 1:500 post-assessment. Negative balance protection is active across all Standard accounts. Minimum trade size is 0.01 lots, with maximum positions up to 100 lots. Scalping and automated trading are fully permitted.

• Fixed spreads from 1.5 pips on EUR/USD
• No commission fees on forex trades
• Available swap-free Islamic accounts
• 24/5 customer support in English and Bahasa Malaysia

Standard Account Platform Integration

Standard accounts operate on MetaTrader 4 and MetaTrader 5 platforms, accessible via desktop, web, and mobile apps (iOS and Android). Expert Advisors (EAs) run without limitation, supporting algorithmic trading. API connections allow integration with third-party software for advanced trading setups. Mobile apps provide full control over trades and account management.

Raw+ Account Advanced Trading Features

Raw+ accounts offer variable spreads starting at 0.0 pips with commission fees applied. Malaysian traders are charged USD 3.50 per lot per side on forex trades, suitable for active and scalping strategies. The instrument range matches that of the Standard account, including forex and CFDs. Execution is direct to liquidity providers using an STP model, eliminating dealing desk intervention. Market depth data presents current bid/ask levels for precise decision-making.

Raw+ Account Cost Structure

Commission fees apply as follows: USD 3.50 per lot per side for forex, 0.02% for stock indices, USD 2.00 per lot per side on commodities, and 0.05% on cryptocurrency trades. These fees are computed automatically in the account’s base currency. Traders with monthly volumes exceeding 100 lots may qualify for commission rebates.

Raw+ Account Execution Technology

Our STP execution routes orders promptly to a pool of 12 tier-1 banks and financial institutions. Average execution speed is 0.01 seconds during Malaysian trading hours. Partial order fills occur if liquidity is insufficient for the full order size. Market depth visualization assists traders in assessing liquidity layers and price levels.

cTrader Account Professional Trading Environment

The cTrader account exclusively uses the cTrader platform, delivering Level II market depth and transparent order book data. Malaysian traders access advanced features such as algorithmic trading with cBots, comprehensive charting, and technical indicator options. The account requires a USD 500 minimum deposit due to its professional-grade tools. Real-time liquidity provider data enhances execution quality and price discovery.

cTrader Platform Advantages

The platform offers advanced order types such as iceberg and TWAP orders. Malaysian traders benefit from integrated risk management and position sizing tools. Trade statistics, including profit/loss and commission breakdowns, are updated in real time. Charting capabilities include 26 timeframes and over 70 technical indicators. The interface supports cBot development for automated trading strategies.

Islamic Account Options for Malaysian Muslims

We provide Shariah-compliant Islamic trading accounts across all FXPro account types. These accounts exclude swap charges on overnight positions, adhering to Islamic finance principles. Malaysian Muslims can trade forex, CFDs, and cryptocurrencies without swap fees. Account conditions mirror standard accounts in spreads, commissions, and leverage. No additional charges apply for Islamic account features.

Islamic Account Trading Conditions

Swap elimination applies to all instruments, with leverage and margin requirements consistent with conventional accounts. Traders may hold positions indefinitely without incurring interest costs. All other trading parameters remain identical to non-Islamic accounts, ensuring full market access and execution quality.

• Zero swap charges across all instruments
• Consistent spreads and commissions
• Full instrument accessibility
• Standard leverage and margin rules
• No extra maintenance fees

Islamic Account Compliance

Regular audits by Islamic finance scholars confirm compliance with Shariah laws. Malaysian account holders receive quarterly compliance reports detailing how operations meet religious standards. Customer support includes expertise in Islamic banking to assist Malaysian traders. The account structure avoids interest and ensures transparent fee policies.

Account Opening Process for Malaysian Residents

FXPro allows Malaysian residents to open accounts fully online in about 15 minutes. Verification requires submission of MyKad and proof of Malaysian residency. The process includes identity, address, and trading experience verification. Digital document uploads are accepted, including scanned or photographed MyKad and utility bills. Verification completes within 24 business hours.

Required Documentation for Malaysians

Clients must submit front and back images of valid MyKad with at least six months validity. Address proof should be recent, issued within the last three months, such as utility bills or bank statements. Verification checks cross-reference personal details for consistency. Providing a phone number enables SMS confirmation for added security.

Account Activation Timeline

Upon document approval, FXPro activates accounts immediately. Verification typically takes 1-2 business days. Demo accounts are available during verification to familiarize Malaysian traders with the platform. Live trading requires meeting minimum deposit standards after verification. Traders can start placing orders soon after activation.

Deposit Methods Available in Malaysia

Malaysian clients may fund accounts using bank transfers, credit cards, and e-wallets like Skrill and Neteller. Deposit processing ranges from instant to two business days depending on the method. Major Malaysian banks such as Maybank, CIMB, Public Bank, and RHB Bank are supported for local transfers. Minimum deposit amounts vary by account type and payment method.

Withdrawal Procedures for Malaysian Clients

Withdrawal requests are processed within 24 hours during Malaysian business days. Funds return to the original deposit method complying with AML regulations. Malaysian bank transfers finalize within 2-3 business days after approval. Additional security checks may require client submission of recent bank statements for large withdrawals. No withdrawal fees apply to Malaysian clients.

Withdrawal Processing Times

E-wallet withdrawals complete on the same day of approval. Credit card withdrawals may take 3-5 business days. Bank transfers within Malaysia finalize in 2-3 business days. International wire transfers require 3-5 business days. Withdrawal limits depend on verification level, with fully verified clients allowed up to USD 50,000 monthly.

Our support team remains available during Malaysian market hours, from 9:00 AM to 6:00 PM MYT. We offer multilingual assistance in English and Bahasa Malaysia. Comprehensive FAQs and live chat services provide immediate responses to technical and trading queries.