The Best Prop Firms in Malaysia for 2026, Compared

What does the Securities Commission Malaysia say it does?

The Securities Commission Malaysia (SC) says it was established on 1 March 1993 under the Securities Commission Act 1993 and that it is a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

The SC's home page has an Investor Empowerment menu that lists an Investor Alert List, an Investment Checker and a Beware of Scams page, and a Resources menu that lists Licensed and Registered Persons. These are page titles in the menu, and this page does not describe what each of them contains.

Its Analytics menu lists Bonds and Sukuk Market, Derivatives, Digital, Enforcement, Equities, Islamic Capital Market and Structured Products.

What the SC publishes about itself is summarised above. The SC page says nothing about prop firms, funded accounts or simulated trading evaluations, so no view is given here on whether any prop firm needs SC approval. This is background, not legal advice.

What does Bank Negara Malaysia say its role is?

Bank Negara Malaysia (BNM) says that, as the central bank for Malaysia, it is mandated to promote monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy.

Its home page has sections on Foreign Exchange Policy, Payments, and Money Services Business and Remittance, which includes a What is MSB? page and a List of MSB Operators. Under Financial Sector Participants it lists Licensed Financial Institutions and Money Services Business Licensees, and under Financial Consumers it has a Financial Consumer Alert List.

The Payments section includes a Digital Asset Innovation Hub (DAIH) item, and a Financial Integrity section lists an Anti-Money Laundering / Counter-Financing of Terrorism (AML/CFT) website, a Financial Fraud Alert and Enforcement Actions.

The paragraphs above follow BNM's own description of its role and the lists on its site. BNM's page is equally silent on prop firms, funded accounts and simulated trading evaluations, so no view is given here on whether a prop firm needs BNM approval. Treat it as background, not legal advice.

What does BNM's policy page say about receiving payments in foreign currency?

BNM publishes a page headed Payment in Foreign Currency within its Foreign Exchange Policy rules for residents. Under the sub-heading for payment between a resident and a non-resident, it says a resident is free to make or receive foreign currency (FC) payment to or from a non-resident for any purpose, except for three items.

The three items are FC-denominated derivatives offered by the resident, ringgit derivatives, and exchange rate derivatives offered by a non-resident. For each, the page says the exception applies unless BNM approves it or it is allowed under a named notice: Part B of Notice 5 for the first two and Notice 1 for the third.

The page states no conversion requirement and no amount threshold. It does not mention prop firms, funded accounts, trading evaluations or payments in cryptocurrency, so this page cannot say how the rule applies to a payout from a prop firm.

These are the words of a single BNM page. They are not legal advice, and a bank or a Malaysian lawyer can say how the rule applies to you.

What does LHDN say about its Public Rulings?

The Inland Revenue Board of Malaysia (LHDN) publishes Public Rulings. Its page says a ruling gives guidance to the public and to officers of the Board, and sets out the interpretation of the Director General of Inland Revenue in respect of the particular tax law, with the policy and procedure to be applied.

The list includes a ruling titled Tax Treatment Of Foreign Exchange Gains And Losses, No. 12/2019, dated 13 December 2019. The page lists rulings by title, with a number for each, and does not say whether any ruling covers a payout from a prop firm.

This section reports one LHDN page, which is a list of titles. It does not say how a payout is taxed and it is not tax advice. Speak to a licensed tax consultant in Malaysia before you file.