Author:Ahmad Razak, Malaysia Markets Analyst·Malaysia Markets Analyst
Reviewer:Sarah Mitchell, Senior Editor·Senior Editor
Last updated:2026-05-30
Testing date:May 2026
MethodologyEditorial Policy
Malaysian Payment Methods — 2026

Brokers with DuitNow in Malaysia

Find forex and CFD brokers that accept DuitNow, FPX, Touch 'n Go, Boost, and local bank transfers in Malaysian Ringgit.

DuitNow FPX TnG eWallet Boost Local Bank

Brokers That Accept DuitNow

DuitNow is the fastest way to deposit MYR to your trading account. Real-time transfers from any Malaysian bank.

Ex

Exness

4.9
DuitNow Enabled

Full DuitNow support via mobile number, NRIC, or DuitNow ID. Real-time transfers from any Malaysian bank. Instant credit to trading account.

Deposit Time

Instant

Min Deposit

$10

DuitNow

Supported

FPXTnGBoostGrabPayBank Transfer

How to Deposit Using DuitNow

Follow these 5 steps to fund your trading account with DuitNow in under 2 minutes.

1

Log into your broker account

Access your Personal Area or client portal and click on 'Deposit' or 'Fund Account'.

2

Select DuitNow as payment method

Choose 'DuitNow' from the list of deposit options. Enter the amount you want to deposit in MYR.

3

Get your DuitNow ID or QR code

The broker will generate a unique DuitNow ID, mobile number, or QR code for this specific deposit.

4

Complete transfer via your banking app

Open your Malaysian banking app (Maybank, CIMB, RHB, etc.), select DuitNow, enter the ID or scan the QR code, and confirm the transfer.

5

Funds credited instantly

DuitNow transfers are real-time. Your trading account will be credited immediately, and you can start trading right away.

Alternative Malaysian Payment Methods

If your broker doesn't support DuitNow, these are the best alternatives for Malaysian traders.

FPX Online Banking

Direct bank transfer from CIMB, Maybank, Public Bank, RHB, Hong Leong. Instant deposit confirmation.

ExnessXMEC Markets

Local Bank Transfer

Traditional wire transfer from Maybank2u, CIMB Clicks, Public Bank Online. 1-3 business days.

ExnessXMIC MarketsTMGMEC Markets

Touch 'n Go eWallet

Deposit via Malaysia's largest e-wallet. Fast and convenient for mobile-first traders.

ExnessXM

Boost eWallet

Quick deposits using Boost. Popular among younger Malaysian traders.

Exness

Visa / Mastercard

All major Malaysian debit and credit cards accepted. Instant processing.

All Brokers

Crypto (USDT)

Deposit via USDT TRC-20 or ERC-20. Fast, low-fee, privacy-focused option.

ExnessTMGMIC MarketsEC Markets

DuitNow & Payment FAQ — Malaysia

Which broker accepts DuitNow in Malaysia?

Exness is the leading CFD and forex broker that accepts DuitNow for Malaysian traders. You can deposit using your DuitNow ID, mobile number, or NRIC. The transfer is real-time and funds are credited instantly to your trading account. XM, IC Markets, TMGM, and EC Markets do not currently offer native DuitNow integration but support FPX and local bank transfers.

How do I deposit using DuitNow to a trading account?

To deposit via DuitNow to Exness: (1) Log into your Exness Personal Area. (2) Click 'Deposit' and select 'DuitNow'. (3) Enter the deposit amount in MYR. (4) You will receive a DuitNow ID or QR code. (5) Open your banking app (Maybank, CIMB, etc.) and select 'DuitNow'. (6) Enter the DuitNow ID or scan the QR code. (7) Confirm the transfer. Funds are typically credited instantly. The minimum deposit is approximately RM 50 (equivalent to $10 USD).

Is DuitNow better than FPX for broker deposits?

Both DuitNow and FPX are excellent for Malaysian traders. DuitNow is slightly faster (real-time, 24/7) and works via mobile number or NRIC, making it more convenient. FPX is also instant and connects directly from your online banking. DuitNow is ideal for quick top-ups, while FPX is better for larger deposits directly from your bank account. Both have no fees from the broker side.

What is the minimum DuitNow deposit for Exness?

The minimum deposit via DuitNow to Exness is approximately RM 50, which is equivalent to the $10 USD minimum deposit requirement. There is no maximum limit for DuitNow deposits, though very large deposits may trigger additional verification. DuitNow deposits are free — Exness does not charge any deposit fees.

Can I withdraw to my Malaysian bank account using DuitNow?

Currently, Exness supports DuitNow primarily for deposits. Withdrawals are typically processed via local bank transfer or international wire. Exness offers instant withdrawals to e-wallets and same-day processing for most bank transfers. For withdrawals, ensure your bank account name matches your trading account name exactly to avoid delays.

Are there any fees for DuitNow deposits?

No. Exness does not charge any fees for DuitNow deposits. Your bank may charge a small DuitNow transfer fee (typically RM 0.00 to RM 0.50), but this is rare for personal transfers. The deposit is processed in MYR and converted to your account base currency at the prevailing exchange rate. Exness does not add markup to the exchange rate.

Which banks support DuitNow for broker deposits?

All major Malaysian banks support DuitNow: Maybank, CIMB Bank, Public Bank, RHB Bank, Hong Leong Bank, Bank Islam, AmBank, Alliance Bank, and more. As long as your bank's mobile app supports DuitNow, you can deposit to Exness. DuitNow is supported by virtually all Malaysian banks and e-wallets.

What if my broker does not support DuitNow?

If your broker does not support DuitNow directly, use FPX online banking as the closest alternative. FPX is supported by Exness, XM, and EC Markets. For IC Markets and TMGM, use local bank transfer or USDT crypto deposits. All methods are secure and widely used by Malaysian traders.

Find the Best Payment Method for You

Compare all brokers and their Malaysian payment options side-by-side.

Data Sources

DuitNow deposit testing from Maybank and CIMBFPX deposit verification across 3 bankseWallet deposit testing (TnG, Boost, GrabPay)Local bank transfer timing measurementUSDT crypto deposit verificationBroker payment method page audits

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Risk Warning

CFD trading involves a high risk of losing money rapidly due to leverage. Between 60–80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. This content is for educational purposes only and does not constitute investment advice. See our full risk warning.