5 Best Online Forex Brokers in Malta – In Depth Review 2024

Want to jump straight to the answer? The best forex broker for traders is Avatrade

The #1 Forex Trading Course is Asia Forex Mentor

Have you heard about Forex brokers before? It is undoubtedly one of the easiest and reliable financial markets for trading in Malta.

When we talk about trading a foreign currency, the process utilizes a forex broker also called a currency trading broker. You have to buy and sell currency pairs to complete the trading process.

Selecting the most essential forex broker will help trade forex with initial research to find the most appropriate option to meet the trading needs. If a broker is looking forward to accepting a CFD trader as a client, they will have to become authorized by the financial conduct authority.

Malta is quite reliable for most brokers because they are famous for their quality and fantastic service in trading.

The differentiation factor about Maltarokers is that they are very reliable and transparent with their clients. Check out the list of details of the most outstanding brokers based in Malta right now.

Best Online Forex Brokers in Malta

5 Best Online Forex Brokers in Malta

#1. Best Advanced for Non-US Traders: Avatrade

Avatrade came into being in 2006; it is an international forex broker and CFD broker regulated by different top financial institutes. Moreover, it has many tools and resources that will fascinate all beginners, like paper trading account and 100000 dollars of virtual funds.

Avatrade is one of the safest online brokers and is regulated by the top tier-one jurisdiction. This is the reason which makes it a trustful CFD and Forex broker.

The range of marketing is great, and it should also be good for traders. Avatrade is offering its clients worthy selections for trading platforms.

Avatrade has stopped the trading platforms like mirror trader and Robox. With their dedicated web trading platforms like meta-trader and Avatrade acting as an alternative. It offers a huge variety of platforms catering to automated and manual traders.

Avatrade attracts traders with different skills and levels to offer them an adaptable trade site. There are more than 200000 registered clients with a trading volume of 2 million per month. Want more to know about this CDF and forex broker? Then continue to read about Avatrade’s working!

How does it work?

Webtrader, a default interface, can be accessed via a browser. Concerning its competitors, it lacks a few basic features and is plain, but it is intuitive and user-friendly. Clients who execute traditional fundamental or technical trading strategies can opt for the industry- newer MetaTrader 5 or even the MetaTrader 4.

Following transparency, the AvaTrade account also lists all the pertinent information in the ‘Trading info’ tab on the Avatrade website like “Stocks Earnings Releases. Moreover, the “Order Execution Policy,” “Economic calendar,” “CFD Rollover” information, and ‘holiday trading hour,’ aid the clients in the trading decision.

In addition, the forex calculator link will inform the dealers of the risk of losing money rapidly, how many trading costs, potential profits, and overnight interest calculations.

Web trading platform offers three order types. It is a simple market order and two pending orders, with an option for attaching stop loss or taking profit orders.

Pros

• Fast and effortless account opening
• Different withdrawal and deposit issues
• Excellent research tools
• Effective and reliable functioning

Cons

• Incredible inactivity fees
• Average forex fees

Price

In non-trading fees, there is no fees withdrawal or minimum deposit and no account fees. All the brokerage accounts of AvaTrade are subject to inactivity fees, which is 50 dollars.

Suppose you do not use it for three months, Followed by 100 dollars of administration fees if you stay inactive for a year. This amount is deducted from the trading account.

Typical spreads are suggestive amounts because they are largely powered by macroeconomic events and market conditions that impact markets’ financial futures association.

In terms of margin trading, the requirements for margin are the subjects to be changed based on the new release, market volatile and trade size.

#2. Best Intermediate for Non-US Traders: FXCC

FXCC offers forex traders to trade on Forex and silver and gold, indices on trusted MetaTrader 4., available as web or download solution. We will log in to Traders Hub to explore minimum regulations, demo, deposits, and leverage accounts in this online broker review. This is your chance to learn further about FXCC.

FXCC follows the STP/ECN model; it offers a competitive price and execution without re-quotes or intervention. The clients choose three accounts from and then trade on precious metals, indices, and Forex on the well-known MT4 terminal.

FXCC provides MT4 to every client accessible on various gadgets and major web browsers. The platform has many advanced features for trading.

This includes a built-in library with more than 50 indicators for indicating technical analysis. There is also access to plus embedded charts, stop and pending orders, the market for accurate analysis.

How does it work?

As the best forex broker, it also provides users to leverage. It can make multiple the initial accounts balance. But as a matter of fact, it should be used very wisely as it can increase the power of losses too.

For the convenience of traders, they can start a risk-free trial of 30 days on a demo account to easily test new strategies and practice skills before they commit real money.

Following some easy steps, you can start up with your practice account loaded with virtual funds of 10000 dollars.

You can connect your trading account from any place with the help of the MT4 mobile phone app. Due to its easy-to-use reliability and interface, the state-of-the-art platform gets good feedback.

Pros

• 100% first deposit
• Free Virtual Private Server
• Includes MetaTrader 4 platform
• high leverage trading

Cons

• It does not include U.S. based traders
• Lacks different trading platforms

Price

When you trade with an FXCC ECN account, you will be linked to many currencies GBP, EUR, USD featured along with tight spreads.

It forms 0.01 pips with the availability of trading over 30 currencies with a span of tools such as SNS notifications, trading tools, VPN, Technical analysis, and E.A.s.

The only thing it costs is presented by spreads from 0,1 pips and no commission fees. You can compare spreads of FXCC with another well-known online broker like Fondex and refer to a comparison of the spreads for most traded instruments. The foreign exchange market us all about such trading’s.

#3. Best Overall Broker: Forex.com

FOREX.com provides various offerings from spread betting to CFDs across various asset classes, but every region can access all. It is considered safe due to having a long track record. The top financial tiers regulate this trading forex broker.

The parent company of this forex broker has been listed on the stock exchange. Aside from the forex market, where derives the name, FOREX.com also offers indices, commodities, ETFs, bonds, individual stocks, silver, and gold.

Forex.com service offers clients’ accounts security like ESMA-mandated anti-guaranteed to stop losing orders and balance protection. FOREX.com is ideal for every trader who seeks exposure to a wide array of asset classes and materials.

It is a great fit for high-volume forex traders. Material offerings vary by place but still, it emphasizes reliable and fast execution, diversity of other and Forex platforms, and security accounts. In Malta, it’s geared to those interested in trading foreign exchange markets.

How does it work?

FOREX.com gives accessibility to more than 80 currency pairs along with a competitive spread over various types of accounts to Maltese clients.

A navigable and well-organized website along with complete disclosure of fees and services, research, and education tools. Furthermore, multiple user interfaces are on par along with the industry’s standards and regulatory oversight place.

So it depends upon your location and the entity holding your account that what is available for you on FOREX.com. You can trade cryptocurrency using CFDs; also, underlying asset trading is not available, for instance, buying bitcoin.

The web Trading Platform of FOREX.com is recommendable for casual traders because it is simple to browse through place trades and markets and conduct searches.

TradingView powers all the charts as well, as it is loaded with approximately ten chart types, 100 indicators, and 14 timeframes.

Within the forex platform, the investors can access economic calendars, positions, charts, news and order or trade history, access research reports and trade signals, and market analysis from the FOREX.com analysts.

 Pros

• A wide variety of products
• TradingView charts
• Ideal for high-volume traders
• User-friendly and reliable

Cons

• No guaranteed for Indonesian clients
• Lacks effective website maintenance

Price

The spreads vary depending upon the client that, which kind of account they choose. For instance, one pip is the least EUR/USD spread for clients from Malta on a ‘standard’ account. On the other hand, ‘STP Pro’ and ‘commission’ will show you spreads of 0.1 and 0.2.

Although the two that are latter have 50 dollars and 60 dollars per million commissions that are added to displayed spreads, the regions that are not in Malta.

It provides Direct Market Access accounts for bigger account sizes like 25000+. The DMA account does not charge any commission but does not offer markup on spreads.

#4. Best for Execution: IG

One of the advanced trading platforms, IG brokers, includes a forex trading platform that’s effortless to customize and is user-friendly.

The forex market traders also involve educational tools for funding, learning, and other aspects with different trading platforms available.

You will also find many useful educational tools for learning. Funding and withdrawing money is easy, and there are multiple options, as illustrated by the commodity futures trading commission.

Besides this, the Forex broker includes a foreign exchange with currency pairs to provide retail investor accounts.

It offers advanced trading account features for stock CFDs. You will find a limited product portfolio as these forex traders involve options trading and foreign exchange features. The customer support is second to none with currency market options to get the maximum benefit.

Therefore, IG brokers are for users looking for forex trading within Malta. Anyone who desires to trade foreign exchange markets will find these forex brokers a top choice.

IG opts to provide exclusive forex trading services from low spread costs, actionable research, customer service, interfaces, and more, making it one of the most exclusive online brokers in the market.

How does it work?

IG platform includes multiple choices and currency trading options, API interfaces starting from proprietary web-based options with effortless and customizable features. This forex broker is an excellent trading platform with easy and stable browser access, and that’s a valuable advantage for forex and CFD traders.

Moreover, the fee options are budget-friendly, but the contract sizes are smaller than regular retail traders. Have you got that? You will find both the vanilla and barrier trade options with no deposit and account fees.

Besides this, the CFD trading option is a web-based trading platform loaded with broad features to provide innovative functions and copy trading options. Usability is the heart of professional traders that includes trading costs and demo account factors.

The broker includes innovative trading tools like the streaming news from an economic calendar that regulates forex brokers to help experienced traders to start trading with complex instruments. The advanced traders include a customizable screener for different asset classes such as CMC markets and other currency pairs.

Pros

• Wide range of trading tools and offerings
• It accepts US customers
• Provides a detailed emphasis on research
• Offers protection to clients

Cons

• Lacks account protection
• Incredible share-CFD fees

Price

Let’s see how IG makes money, especially through different customer trades that ultimately cross the bid spread. The global financial markets offer foreign exchange trading with a commission charge that allows users to play when one user is trading CFDs.

It also adds to another side of the market spread. You will also find another commission for share-CFD trade.

Moreover, it also includes an inactivity fee of up to $12/month when there is no trading for 24 months. You will also find wire withdrawals of $15 while providing a detailed explanation of the forex market on the website.

You will also find three rebate tiers starting from 5% for almost $100 of trading volume to up to 15% for $500+ million in each trading volume.

#5. Best Investors interested in 0% commission trading: CedarFX

One of the most innovative forex trading platforms, CedarFX, is an online broker that includes major currency pairs with advanced trading tools with a broad range of tradable assets. You can easily trade CFDs within the trading market, thereby enabling you not to lose money.

The Malta stocks, free demo account, copy trading, currency pairs offer the most suitable services within a forex trading market.

It offers commission-free and below-average spreads across the entire asset classes. Moreover, these regulated forex brokers offer CFDs for multiple cryptocurrencies containing Ripple, Bitcoin, Litecoin, etc. The forex platform trades within CMC markets in pairs allowing you to trade forex in different currencies like Bitcoins and others.

The most exclusive feature of CedarFX is that the forex trader utilizes the MetaTrader 4 as a web platform to provide novice traders the excellent forex trade services.

Many forex brokers use a proprietary trading platform that’s less flexible than this publicly-traded platform and is beloved by every advanced trader to enjoy beneficial benefits.

What’s more? You can enjoy access to 30 different technical indicators containing the Relative Strength Index, Bollinger Bands, and other options to provide exclusive forex pairs.

In addition to this, you can also enjoy access to while market orders, different kinds of loss orders, and retail investor accounts for trading forex reliably.

How does it work?

The full-service brokerage allows users to fund the account using Bitcoin to provide excellent trading services within the trading platforms.

In addition to this, Bitcoin is an optimization technique that offers rapid clearing enabling users to access funds within five minutes.

These forex traders are the most attractive platform for advanced traders from ultra-low spreads to high leverage, allowing users to offer excellent customer service and crypto options. This forex broker includes low spreads on six multiple classes for more than 180 assets.

Traders can enjoy a range of instruments, including metals, commodities, futures, indices, and stocks. This generation trading platform includes 55 Forex currency pairings, 38 pairs, 73 stocks, and much more agency broker services.

Pros

• No withdrawal fee or minimum deposit
• It offers multiple assets and forex pairs
• You can get same-day withdrawals using Bitcoin

Tiered leverage enables traders to maximize exposure with a minimum deposit

Cons

• You will find the forex brokers unregulated
• It only involves Bitcoin withdrawals

Price

Here are the commission and fees! The forex trading includes a 0% commission account with no minimum deposit or withdrawal options.

Moreover, if you want to fund the account through Bitcoin, the forex broker offers no hidden charges.

Are you looking for the environment? Or do you want no investor accounts lose money? Many retail investor accounts lose money, but this is the most innovative forex broker.

It charges only $1 commission on every trade. What does it mean? If you deposit $10 in Bitcoin, you can purchase securities of almost $5000.

How we rank the Best Online Forex Brokers in Malta?

Ranking the best brokers in Malta is a daunting task, seriously. You should know how CFDs work and whether you can trade easily or not. Let’s see how you rank the best brokers in Malta!

Wide range of Tools

If you are an experienced forex trader, it is preferable to pick the broker that provides an alternative to implement a strategy for trading.

The feature means that you shall be asking for different tools such as complex live chats, an economic calendar, and a calendar for commodity futures trading commission.

Ease of Trading Platform Use

Whether you focus on social trading or develop complicated algorithmic ways, it’s paramount to choose a trading platform that offers market access and tools for trading needed for achieving investment objectives.

It is vital to rely upon the confidence given by the broker’s trading platform. Due to this, most of the traders pick the brokers that provide third-party platforms along with an established community to trade and a massive range of tools to deal with.

Multiple assets

Another crucial factor to consider is the number of assets features. What does that mean? Basically, it is about things you want to trade. Whether the broker includes all the essential assets you need or not?

It will be an effortless process if you desire to get foreign currency pairs, but if you desire to trade shares and stocks, many brokers can provide you with exclusive benefits and features.

How to choose the Best Online Forex Brokers in Malta?

You should consider whether you understand how CFDs work or not! The securities and exchange commission Cysec includes different options to help traders in Malta with a wide range of options. Here’s how we choose the best brokers!

Order Execution

Execution speed is the most vital factor for picking out a broker. Inefficiently executed orders may result in traders facing vast amounts of slippage, further losing money. The table you can see below compares execution speeds among the best brokers globally.

If we take an example that the customers of FXCC can incur a minor slippage compared to the customers of Avatrade because the orders they execute are half the time.

Account Types

Different account types include:

• Variable Spread Account Types: fluctuates with the demands conditions.
•   Commission Accounts: ECN-style accounts that have low spreads with commission fees of flat-rate.
• No Commission Standard Accounts: There are no commission charges on the top of spreads.
• Fixed Spread Accounts(micro accounts): Fixed spreads are predetermined and remain the same regardless of the situations in the market.

Range of instruments

We ranked the Forex traders regarding the range of products it offers. The Forex brokers varied and mentioned a broker that includes a broad range of offerings, currency pairs, shares, commodities, and other cryptocurrencies to get the beneficial advantage.

All these factors are essential to consider when choosing the best forex brokers in Malta.

The Financial Conduct Authority regulates trading in Malta. It also reduces the high risk of losing money.

Evaluate Trading Conditions 

An effective forex broker should include consistent and smooth execution with high-grade support to provide good trading conditions.

Do you know trading is the most reliable and most accessible to offer exclusive options and reliability?

Customer Support

Getting in touch with the broker shall be easy and quick. As for the contact methods, hours of operation are essential to note.

Most brokers provide 24/5 customer support, while a few provide customer service 24 hours every day and seven days every week.

The well-known contact methods are live chat, phone, and email. Live talks held online are immensely popular because the traders connect with the client service representatives, and their questions are also answered.

Choose Asia Forex Mentor for Your Forex and Stocks Trading Success

If you have a keen interest in establishing a successful career in forex trading and aspire to achieve substantial financial gains, Asia Forex Mentor stands as the optimal choice for the best forex, stock, and crypto trading course. Ezekiel Chew, renowned as the visionary behind trading institutions and banks, is the driving force behind Asia Forex Mentor. On a personal note, Ezekiel consistently achieves seven-figure trades, a distinction that truly sets him apart from other educators in the field. Here are the compelling reasons that underpin our recommendation:

Comprehensive Curriculum: Asia Forex Mentor offers an all-encompassing educational program that covers stock, crypto, and forex trading. This well-structured curriculum equips aspiring traders with the knowledge and skills necessary to excel in these diverse markets.

Proven Track Record: The credibility of Asia Forex Mentor is firmly established through its impressive track record of producing consistently profitable traders across various market sectors. This achievement serves as a testament to the effectiveness of their training methodologies and mentorship.

Expert Mentors: At Asia Forex Mentor, students benefit from the guidance and insights of experienced mentors who have demonstrated remarkable success in stock, crypto, and forex trading. These mentors provide personalized support, enabling students to navigate the intricacies of each market with confidence.

Supportive Community: Joining Asia Forex Mentor brings access to a supportive community of like-minded traders pursuing success in the stock, crypto, and forex markets. This community fosters collaboration, idea-sharing, and peer learning, enhancing the overall learning experience.

Emphasis on Discipline and Psychology: Success in trading necessitates a strong mindset and disciplined approach. Asia Forex Mentor provides crucial psychological training to help traders manage emotions, handle stress, and make rational decisions during trading.

Constant Updates and Resources: The financial markets are dynamic, and Asia Forex Mentor ensures that students remain up-to-date with the latest trends, strategies, and market insights. Continuous access to valuable resources keeps traders ahead of the curve.

Success Stories: Asia Forex Mentor takes pride in a multitude of success stories where students have transformed their trading careers and achieved financial independence through their comprehensive forex, stock, and crypto trading education.

In summary, Asia Forex Mentor emerges as the premier choice for those seeking the best forex, stock, and crypto trading course to carve a rewarding career and achieve financial prosperity. Through its comprehensive curriculum, experienced mentors, practical approach, and supportive community, Asia Forex Mentor provides the necessary tools and guidance to mold aspiring traders into accomplished professionals across diverse financial markets.

Conclusion: Best Online Forex Brokers in Malta

Let us tell you what retail forex brokers are! These are the institutions that work between a forex trader and a forex market. YES! You heard that right.

The brokers in Malta have an online presence, and they target the different smaller traders to operate within forex markets on a single or margin basis.

Many brokers also include useful educational and research tools to provide beginners an enhanced knowledge about the trading process.

These brokers provide additional excess to experts and the market analysis to aid you in choosing the beneficial trading options.

Therefore, a forex trader can start easily only by opening an account and downloading free trading options such as MetaTrader. Here we have mentioned seven top-quality forex brokers so you can choose the one that suits you completely.

Avatrade gives average-to-competitive spreads, depending upon your type of account, along with adequate educational resources. The low account minimum deposits make it best for the undercapitalized and new traders who seek to make limited skill sets.

Best Online Forex Brokers in Malta FAQs

Is Forex trading legal in Malta?

Before you choose the best Forex brokers in Malta, it is essential to know whether these regulated brokers are legal or not. Any broker will make Forex trading legal as it involves money when trading CFDs and other financial services. The brokers in Malta are well authorized and offer a web platform for assistance.

Moreover, Forex trading is legal in Malta. The Financial Conduct Authority FCA offers trading strategies and assistance with the trading account with a minimum initial deposit and trading costs. The best Forex brokers In Malta provide a legitimate trading market and major currencies for trading.

What should you do to reduce the high risk of losing money?

Different providers have a percentage of retail investor accounts to take the high risk of losing your money. The Cyprus securities and exchange commission includes different features when trading CFDs with this provider. There is a high risk with the accounts lose money when so you should invest in funds. Moreover, choose one-stop solutions to invest globally.

Do you know different options of retail CFD accounts lose money? Basically, accounts lose money when you make a purchase. CFDs are complex instruments and come with a high-risk option to offer how securities and investments commission ASIC works! Choose whether you can afford to take the risk or not.

Does forex broker lose money?

The market is undoubtedly a high risk. However, the financial services compensation scheme still reduces the risk of losing money rapidly as any regulated broker will offer assisted services. Well, traders go through an intermediary for executing trades. At the same time, some brokers might make hidden fees with gains and losses.

Do you know it’s common to lose money when trading even with the best forex trading platform? Some require a minimum deposit with the currency pair, and the financial conduct authority ensures to save from circumstances. You will not lose money when trading CFDs and get the maximum advantage.