subject: A Review on Forex Brokers in Malaysia: This Can Make or Break You [print this page] A Review on Forex Brokers in Malaysia: This Can Make or Break You
Forex brokers are the life of the Forex market. They facilitate trade between the traders and market itself. A key decision is to select only reliable forex brokers. This is hard when there are a lot to choose from. In Malaysia, people are starting to become aware of the opportunities of investing in Forex. However, due to the surge of interest, a lot scam forex brokers exploited the situation and cheated gullible clients, leaving them frustrated and with less cash. You can avoid this situations by taking using the tips that is given in this article.
In Malaysia, there are several prominent forex brokers. Easy Forex is one of them. They are licensed in Australia, EU and USA. Now, it is always good to know that a forex broker that you are working with is regulated.
For those with less cash but are still keen on investing in Forex, you still have a chance. A lot of forex brokers nowadays are offering mini-accounts as low as USD 10. This is equivalent to Malaysian Ringgit 38.
The other thing you need to consider besides price and reliability is customer service. This is an important criteria for me personally because I like to know who I am working with. A lot of forex brokers do not provide the level of customer service that you can be proud of.
Technology is another very important factor when deciding on a forex broker. The more technologically advanced a broker, the better service and reporting they can provide to you. There are many platforms to choose from but the most popular platform is Metatrader.
Blogs and forums can also help you decide on your next forex broker. A good forum for those in Malaysia is www.sabahforex.com. This forum is run by a forex trader and the discussions are genuine. They can be of help in your decision-making process.
If you consider forex education important, then I highly recommend that you open a demo account with Easy Forex. They provide great personalised attention to your learning in Forex. Even a beginner can become an expert trader with them within reasonable time.
