**Malaysian federal law does not allow retail OTC FX trading**. Locally licensed "FX" is SC-regulated futures.
**Key points:**
• Legal retail FX only via BNM-licensed banks
• Offshore Labuan FSA (LFSA) brokers may serve Malaysian clients with weaker protection
• Avoid unlicensed brokers
Recommend: Maybank Investment Bank, CIMB Securities, Phillip Futures Malaysia.
Brokers headquartered in Malaysia
No brokers headquartered here yet — but you can still pick from Tier 1 regulated brokers elsewhere.
