Binary Option trading is very popular in Malaysia.
The two Malaysian Government organizations who regulated and license brokers in Malaysia are the Securities Commission of Malaysia and Bank Negara Malaysia. We did a search for a Malaysian regulated binary options broker and could not find any broker regulated in Malaysia. You can search yourself for Malaysian registered brokers here.
The reason there are no Malaysian licensed brokers is because the binary option industry focuses on Europe & Australia. This has not stopped Malaysians from trading binary options with unregulated or CySEC & ASIC regulated brokers.
Traders should always seek a broker with a license from the FCA in United Kingdom or from ASIC in Australia. WARNING: There are many unlicensed brokers that try to persuade Malaysians to open accounts with their firms. Read the complaints about unlicensed brokers here.
The best brokers for Malaysians are:
24Option is licensed by CySEC and they have a local phone number for their traders in Malaysia, see here. 24Option offers CFD’s on all Forex pairs, and they now offer Mini Contracts for Crypto Currencies like Bitcoin.
Learn more at: 24option.com.
There are hundreds of brokers to trade with, and many of them look the same, always make sure your broker has a license.
Automated Trading Systems
One of the biggest scams in the binary option industry are online trading systems which promise you millions of dollars. The truth is that none of these systems actually work.
The only automated trading software which currently works with some licensed broker is the FX Master Bot.
The reason it is used by more traders than any other software is because it is compatible with multiple brokers, see here. The software is made so that you can control the parameters of the robot.
We tried to find a binary options broker whose website / platform is translated into Malay couldn’t find one. For Malaysians who speak Chinese / Mandarin there are more options for brokers with a Chinese translated site.
We are eagerly waiting for more binary options brokers to translate their site into Malay, to make trading binary options easier for traders to whom that is their native language. This has not deterred traders from Kuala Lumpur, Johor Bahru & Ipoh from trading binary options. So how do you say binary options in Malay? Pilihan Binari.