🏆 Quick Comparison
| Broker | Rating | Min Deposit | Cashback | Best For |
|---|---|---|---|---|
| Exness | 4.7/5 | $1 | $18/lot | Professional traders, high-volume trading, automation |
| XM | 4.8/5 | $5 | $20/lot | All levels, cashback seekers, educational resources |
| ICMarkets | 4.6/5 | $200 | $15/lot | Scalpers, EA trading, professional traders |
Why Choose the Right Forex Broker Matters
Choosing the right forex broker is crucial for your trading success, especially in Southeast Asia where regulatory environments and market access can vary significantly. The brokers on this list have been carefully selected based on:
Safety & Regulation
- • Strong regulatory oversight
- • Client fund segregation
- • Transparent fee structure
- • Positive track record
Trading Conditions
- • Competitive spreads
- • Fast execution
- • Multiple platforms
- • Good customer support
Detailed Broker Reviews
#2
Exness
(4.7/5)Most Popular
$18/lot
Cashback Rate
Regulation
FSCA, CySEC, FCA
Min Deposit
$1
Max Leverage
Unlimited
Spreads
From 0.3 pips
✅ Pros
- • Regulated by FSCA, CySEC, FCA
- • Ultra-fast deposits and withdrawals
- • Unlimited leverage with low spreads
- • Excellent for scalping, EA bots, and automation
- • Crypto deposit supported
❌ Cons
- • Limited educational resources
- • Complex fee structure for some accounts
Best For
Professional traders, high-volume trading, automation
PhilippinesMalaysiaThailandIndonesia
#1
XM
(4.8/5)Most Popular
$20/lot
Cashback Rate
Regulation
ASIC, CySEC, FSC
Min Deposit
$5
Max Leverage
1:1000
Spreads
From 1.0 pips
✅ Pros
- • Regulated by ASIC, CySEC, FSC
- • Local support in Bahasa, Thai, Vietnamese, Tagalog
- • Multiple account types: Standard, Ultra Low, Micro
- • Leverage up to 1:1000
- • Cashback up to $20/lot via FN Trading Lab
- • $5000 bonus program & trading competitions
- • Supports CopyTrade, EA bots, and weekly livestream training
❌ Cons
- • Higher spreads on standard accounts
Best For
All levels, cashback seekers, educational resources
PhilippinesMalaysiaSingaporeIndonesiaThailandVietnam
#3
ICMarkets
(4.6/5)
$15/lot
Cashback Rate
Regulation
ASIC, CySEC
Min Deposit
$200
Max Leverage
1:500
Spreads
From 0.0 pips
✅ Pros
- • Regulated by ASIC and CySEC
- • True ECN environment with spreads from 0.0 pips
- • Supports MT4, MT5, cTrader platforms
- • Excellent execution speed – ideal for professional traders
- • Popular among EA bot users
❌ Cons
- • Higher minimum deposit
- • Commission-based pricing
- • Limited educational content
Best For
Scalpers, EA trading, professional traders
MalaysiaSingaporeThailand
#4
TMGM
(4.5/5)
$12/lot
Cashback Rate
Regulation
ASIC, VFSC
Min Deposit
$100
Max Leverage
1:500
Spreads
From 0.8 pips
✅ Pros
- • Regulated by ASIC, FMA
- • Raw and Standard account options
- • Reliable trading conditions
- • Supports third-party CopyTrade and bot integrations
- • Fast deposits via bank, crypto, and e-wallets
❌ Cons
- • Newer broker (less track record)
- • Limited advanced trading tools
- • Higher spreads than ECN brokers
Best For
Social trading, beginners to intermediate
PhilippinesMalaysiaIndonesia
#5
Pepperstone
(4.4/5)
$14/lot
Cashback Rate
Regulation
FCA, ASIC, DFSA
Min Deposit
$200
Max Leverage
1:400
Spreads
From 0.0 pips
✅ Pros
- • Regulated by FCA, ASIC, DFSA
- • Ultra-low trading fees and ECN execution
- • Tools like Autochartist, Smart Trader Suite, TradingView
- • Great for technical traders and EA strategies
❌ Cons
- • Higher minimum deposit
- • Commission charges on raw accounts
- • Limited educational resources
Best For
Experienced traders, algorithmic trading
SingaporeMalaysiaThailand
How to Choose the Right Broker for You
🎯 For Beginners
Choose brokers with strong educational resources and low minimum deposits.
Recommended: XM, TMGM
⚡ For Scalpers
Look for tight spreads, fast execution, and ECN accounts.
Recommended: ICMarkets, Pepperstone
💰 For High Volume
Focus on cashback rates and unlimited leverage options.
Recommended: Exness, XM
Getting Started with Cashback
Maximize Your Trading with Cashback
All brokers listed above offer cashback through FN Trading Lab. Start earning up to $20 per lot on every trade while enjoying the same great trading conditions.