Best Copy Trading Platform Malaysia – Pros & Cons

The allure of earning passively by mirroring the positions of experienced investors has brought copy trading to many online trading platforms in recent years. Even in Malaysia, there are several social copy trading platforms and copy trading software to choose from.

In this copy trading review, we’ll guide you through our top platforms for copy trading Malaysia to help find the best copy trading platform Malaysia for you.

Best Copy Trading Platforms Malaysia 2023 List

Below is a list of the best platforms for copy trading Malaysia in 2023. Scroll down to read the in-depth reviews on each platform!

1. MetaTrader 5 via Libertex – Best Copy Trading Platform Malaysia for High Leverage
2. MetaTrader 4 via AvaTrade – Best Copy Trading Platform Malaysia for Forex EAs
3. ZuluTrade via Pepperstone – Best Copy Trading Platform Malaysia for Beginners
4. IG – Best Copy Trading Platform Malaysia for Specific Strategies

Best Copy Trading Platforms Malaysia Reviewed

When choosing the best copy trading platform Malaysia for you, there are a couple of things to consider based on your financial goals, experience, and others. For example, are you looking for an easy-to-use algorithmic trading platform like MetaTrader 4 (MT4)?

Furthermore, you’ll need to familiarize yourself with the different fees and commissions that come with copy trading Malaysia. If you’re comfortable with the fees, you’ll also have to consider the platform overall and its other features like if they have copy trading forex.

After going through several brokers with copy trading Malaysia, here are our recommended best copy trading platforms in this copy trading review.

1. MetaTrader 5 via Libertex – Best Copy Trading Platform Malaysia for High Leverage

Meta Trader 5 (MT5) is the latest counterpart to MT4. It’s a third-party trading software similar to MT4, though because of its CFD trading, users tend to flock to MT5 as it goes beyond just copy trading forex. Furthermore, the younger platform also comes with more advanced charting tools and technical indicators. As you will find out later with the MT4 platform, the MT5 software also offers full support for forex Expert Advisors (EAs) and automated trading robots.

MT5 is much simpler to use in terms of copy trading than its older brother Mt4. This is because through the platform you can browse through thousands of traders and then select to copy their current and future trades like-for-like. Do note that MT5 charges a monthly subscription fee that varies depending on your account and even the trader you are copying.

After you’ve integrated the MT5 platform with your Libertex account, simply deposit the minimum amount for copy trading, select a trader to copy, and that’s it. The minimum deposit is $100 at Libertex and you can fund your account with a debit/credit card, e-wallet, or bank account transfer.  Any gains or losses from your chosen trader will reflect in your account.

With Libertex, commission-free trading is available on many CFD stocks. However, other assets come with a commission that’s usually just 0.1% per slide. If you’re still a little uncertain about the fees, it’s worth noting that Libertex offers a demo account. It’s ideal to try using the demo account facility first and then linking this to MT5 once you’ve gained familiarity with the platform, fees, and algo trading bots.

Libertex fees

83% of retail investors lose money trading CFDs at this site.

2. MetaTrader 4 via AvaTrade – Best Copy Trading Platform Malaysia for Forex EAs

In terms of popularity in the online investment space, MT4 is the most used third-party trading platform to date. The advantage of the platform comes from its many advanced tools, great technical indicators, and pricing charts—ideal for experienced day traders. That being said, the platform isn’t limited to just the seasoned traders but can be another platform that utilizes a number of copy trading forex features.

Its frontrunner feature, forex EAs, is a forex copy trading software that lets users have a robot trade on their behalf. Forex EAs are downloadable and integrable in the copy trading forex platform. Once installed, it will have a set of predefined conditions that it follows through an algorithm.

You’ll need to connect the MT4 platform with AvaTrade, meet the minimum deposit of $500, and select a trader to copy and you’re done. With AvaTrade in particular, high-leverage options mean that low amounts of capital can be used to effectively make proportionally higher positions. This, however, comes with its intrinsic risk of needing to close positions in volatile conditions or be margin called.

Copy-trading forex is a 24/7 market and the forex EAs can perform at this consistency as well. When the algorithm detects a certain pattern, it will execute it based on the conditions. This allows users to day trade around the clock without needing much research on the market theoretically. The most research you’ll essentially need to perform is regarding the forex EAs in copy trading forex.

AvaTrade fees

72% of retail CFD accounts lose money with this provider.

3. ZuluTrade via Pepperstone – Best Copy Trading Platform Malaysia for Beginners

If you’re looking for a simpler copy trading platform that’s suited for beginners, look no further than ZuluTrade. Aside from being able to make an account quickly and start trading in minutes, ZuluTrade also makes it easy for you to trade with a simple platform that’s easy to understand.

There are tens of thousands of investors that are part of the ZuluTrade copy trading system, so there’s plenty to choose from. That means that you’ll need to spend some time researching or reviewing the copy traders and how they’ll fit into your trading strategy and financial goals.

You’ll also need to integrate your ZuluTrade account to an online broker as the platform is not regulated. You can do so via Pepperstone, an online CFD trading platform with the right tools, insight, and support to trade the world’s markets. is often the go-to broker in this respect. Founded in 2010, Pepperstone is well regulated and safe as a low-risk broker for copy trading forex and CFDs.

After connecting your ZuluTrade account with Pepperstone, meeting the minimum deposit of AUD$200, and selecting a trader to copy – you’re pretty much good to go. The only drawback with Pepperstone is the commission. The exact commission depends on the underlying currency of the asset you are trading. For example, assets priced in USD will cost you $3.50 per slide. Pepperstone is also a great choice as the platform has been around since 2010 and is regulated by the FCA.

Pepperstone fees

Your capital is at risk.

4. IG – Best Copy Trading Platform Malaysia for Specific Strategies

If you’re looking for a complete, all-in-one platform, then the award-winning IG online broker is something you should check out. They’re the world’s number one CFD provider with over 17 thousand markets to trade from including forex, indices, crypto, stocks, and more. It’s also a highly compatible platform with integrations for MT4, L2 dealer, and ProRealTime which are all quite popular or well-utilized third-party trading software.

With over 80 currency pairs, copy trading forex through IG is great as variety bodes well for certain trading strategies. What makes IG one of the best forex trading platforms is it has access to wider selections of exotic currency pairs, too. Among them are currency pairs with the Russian ruble, Indian rupee, Philippine peso, Brazilian real, and more.

To get started with the social copy trading platform IG, the minimum deposit is $250. Deposit through debit card payment or bank transfer. IG is also known to be an international brokerage firm that is headquartered in the UK. It is authorized and licensed by all relevant bodies in Asia as well so residents of Malaysia will be able to use the IG trading platform for copy trading and more.

IG fees

Your capital is at risk.

What is Copy Trading?

In its most simplistic form, copy trading is precisely mirroring the trading positions of another trader so that their gains and losses are proportional to yours. This is the goal. For example, if your chosen trader decides to go long on EUR/USD – you will do the same. If the price of the currency pair increases, then your position increases as well and vice versa.

In the same vein, if the same trader then decides to short a stock like says Netflix, again, your platform will do the same. What’s important is that this all happens automatically, meaning you don’t need to be watching the charts or actively accepting the positions. This is because your chosen copy trader will make all investment decisions – including the research, due diligence, technical analysis, and more.

What Assets Can You Use for Copy Trading?

Essentially, as long as there’s a market where users can make positions and there are price movements, you should be able to copy trade those users in a social copy trading platform. However, the most common copy trading is copy trading forex, stocks, and crypto.

Forex Copy Trading Malaysia

Copy-trading forex can be done in many different ways. It’s offered in MT4 and MT5 platforms through copy software and forex EAs as well as in sites like ZuluTrade if certain user portfolios include forex.

Stock Copy Trading Malaysia

Another popular asset is copy-traded stocks. The stock market moves relatively quickly compared to other markets besides crypto. This means that in the short term, several traders can take advantage of these erratic and volatile price movements to earn and ‘beat’ the market. Copy-trading stock portfolios therefore can vary in risk depending on the time frame of the trader.

Crypto Copy Trading Malaysia

It’s only in the crypto market that 10% swings are quite normal and even numbing to particular participants who’ve witnessed and traded in the market for a while. The latest and hottest digital asset that everyone seems to be profiting from is the source of risky copy trading portfolios that some users might want to try out. If you’re looking to invest in crypto but are not so sure about the research, you can instead copy trade.

Crypto Copy Trading Systems

In this part of the copy trading review, we will mention different ways in which you can get involved in social copy trading platforms and copy trading in general.

Below are the different copy trading systems that are being used.

All-in-One Copy Trading Brokers

Brokers like ZuluTrade are unique in the sense that they offer all-in-one copy trading. This means that there is no commission, no use of a third-party platform or software, and everything can be done all in one place. Some of the best trading platforms use this system.

Systems like these are perfect for beginners as educational resources, demo accounts, and information can be found all in one place. This makes it much easier to manage, easier to understand, and clear for newbies.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Robots and Algorithmic Software

The next copy trading system that you can use is robots or algorithmic software. Those who have used MT4 or MT5 with forex EAs are familiar with this type of copy trading method.

Big institutions actually use this same method wherein their intricate algorithms are used to detect the particular patterns that would lead to the price movement they’re looking for. Similarly, the robots and algorithmic software available to retail traders perform the same but perhaps much simpler.

The biggest advantage with using this kind of strategy is that, unlike humans who need to rest and are also affected by emotions, robots can make trades regardless of history or how its user feels as emotions stemming from trading can be a hindrance to many investors.

Signals (Semi-Automated)

There’s also the option of getting a copy trading platform with alert signals integrated.  This allows you to copy trade but in a semi-automated manner. Once you’ve subscribed to a site that provides trading signals, you can make the decisions once they send the information to you.

This is all semi-automated as the decision still lies on you in the end when the signal is sent. You’ll still have to manually create and execute the order. This option isn’t all that bad at all as it gives users the last say on any execution. This means that if they have prior knowledge regarding any position, they can just override the signal and not push through with the trade.

How to Copy Trade on MT5 from Malaysia

The best trading platform for copy trading in Malaysia is MT5, which you can access via Libertex. The platform provides accurate trading signals which can be copied to place porfitable trades.

Step 1: Open an Account with MT5 and Libertex

To use this platform to copy trade, you will need to open an account with both Mt5 and Libertex. The easiest way to do this is to first sign up to MT5 and then select Libertex as your chosen broker. Mt% with then automatically sync your trading account to the broker.

Before signing up, you will need to download MT5 on your desktop. You can also download the trading platform on your mobile device.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2: Deposit Funds

Once your account has been verified, you can start depositing funds. However, we recommend practicing with a demo account first.

You can easily switch between live trading and demo trading on MetaTrader 5. Furthermore, it is possible to customise the funds in your demo account to reflect a realistic amount for your trading.

Step 3: Choose trading signals

Once you have opened the demo trading account, you will be able to start exploring the different signal options that are available to use.

This is exhaustive and we recommend conducting research into MT5 signals before you start. There are plenty of in-depth YouTube videos available that will explain the entire process of using signals on MetaTrader.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 4: Practice trading

Once you have selected the type of signals that you would like to copy, it is a good idea to practice trading with the demo account. Practice until you have learned to effectively manage risk and handle your emotions. You can use the demo trader for as long as you like to place trades.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Conclusion

Copy trading has grown tremendously through the years, leaving many platforms to follow suit and create their own copy trading system. Depending on your financial goals, any copy trading system can work for you, but our overall best copy trading platform for 2023 is MT5 via Libertex.

MT5 – Best Copy Trading Platform in Malaysia

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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