Best Brokers with Labuan Forex Licence (IBFC Money Brokers)

logomark Filippo Ucchino calendar Last Updated: November 2021 timer 6 min read
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Are you in search of forex brokers in Labuan?

Well, then your hunt ends here.

We’ve compiled a list of brokers that provide the best forex trading services in Labuan in this guide.

In addition, if you are looking for forex brokers in Malaysia, you can check our list of top forex brokers in Malaysia.

Table of contents

Best Labuan Licensed Forex Brokers (Labuan Money Brokers)

Here is the list of the best ones:

Visit Broker
73% of retail investor accounts lose money

1. Tickmill

Tickmill was formed in 2015 by a group of seasoned global market traders.

Tickmill Asia Ltd (No. MB/18/0028) is regulated by the LFSA (Labuan Financial Services Authority). It provides 80+ trading products in different markets to clients worldwide, including Forex, commodities, stocks, shares, indices, metals, energies, bonds, and CFDs.

Tickmill has received several awards for its trading services, including International Business Magazine’s Best broker CFD Asia 2019 and Forex Awards’ Best broker Forex Asia 2019.

Tickmill offers a classic account with flexible spreads beginning at 1.6 pips and no commissions. The minimum deposit is $100, with a 0.01 lot size and maximum leverage of 1:100.

Negative balance protection is available to Tickmill account holders, ensuring that clients cannot lose more than their original investment.

Rated: Excellent
Security 94
Cost 85
Trading 68
Education 75

Platforms: MT4 Dekstop, MT4 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 100
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61.41% of retail CFD accounts lose money

2. Roboforex

RoboForex, founded in 2009, is an award-winning online broker that allows traders worldwide to trade over 9,400 trading products across different asset classes.

RoboMarkets Asia Ltd is its LFSA registration number (No. 210138BI). RoboForex is a fast-growing online broker that has won several accolades, including the Best Stock Broker Asia 2019 award from International Business Magazine.

RoboForex offers five distinct account types to meet the needs of various traders. The pro standard account features a $10 minimum deposit requirement, variable spreads starting at 1.3 pips, and no commission cost. With a minimum order size of 0.01 lots and a maximum of 100 lots, the maximum leverage is 1:100.

RoboForex Ltd provides negative balance protection to clients to prevent accounts from slipping into negative balance during turbulent market circumstances.

Rated: Excellent
Security 93
Cost 92
Trading 74
Education 75

Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 10
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(Your capital is at risk)

3. Amana Capital

Amana Capital started in Beirut in 2010 and has since expanded to several nations.

AFS Global Limited (MB/18/0025) is its LFSA registration number. Traders will be covered by a $1,000,000 client funds protection insurance under the LFSA.

The minimum deposit for an Amana classic account is $50, with spreads starting at 1.4 pips. Leverage may be as high as 1:100. On forex and cash CFDs, there are no commissions, however there are commissions on the following: Future CFDs cost $10 per lot, $0.02 per share CFDs.

The Amana Elite service is available for a minimum deposit of $250,000. In addition, trading expenses, customized EAs and indicators, trading signals, VPS, and a personal relationship manager are all discounted for account holders.

Rated: Excellent
Security 92
Cost 68
Trading 60
Education 57

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, DFSA, CYSEC, Offshore Minimum Deposit: 50
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74-89% of retail CFD accounts lose money

4. IFC Markets

IFC Markets is an inventive online forex and CFD broker. It is registered with the LFSA as IFC Markets Ltd (No. MB/20/0049).

The broker has won several awards, including Best CFD Trading Conditions Southeast Asia 2021 by World Economic Magazine and Best Forex Broker Southeast Asia 2020 by International Business Magazine.

Their numerous brokerage businesses provide FX and CFD trading in over 600 products spanning commodities, indices, precious metals, equities, and cryptos.

For each trading platform, IFC Markets offers a variety of trading accounts with fixed and variable spreads. The micro account has a minimum deposit of 1 USD/EUR and a 5,000 USD/EUR maximum account size. Therefore, 1:100 is the maximum leverage (1:30 for EU residents).

Rated: Medium
Security 93
Cost 42
Trading 63
Education 67

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 1
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60% of retail CFD accounts lose money

5. Lirunex

LIRUNEX, founded in 2016, is a well-known and respected online trading broker that offers traders from all over the world access to a wide range of financial markets, including Forex, stocks, indices, cryptocurrencies, metals, and energy.

It is registered with the LFSA as Lirunex Limited (No. MB/20/0050).

Lirunex offers four types of accounts. The standard account has a minimum deposit of $25 with the maximum leverage of 1:100, with spreads as lows as two pips.

The LX pro has a minimum deposit of $10,000 with maximum leverage at 1:100 with commissions from $4 per lot and spreads as low as zero pips.

Rated: Excellent
Security 93
Cost 67
Trading 63
Education 40

Platforms: ZuluTrade, MT4 Dekstop, MAC Platforms Regulations: MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 25

What is the LFSA (Labuan IBFC)?

Located in the Malaysian archipelago, Labuan is a Malaysian island. The region is a free-trade zone. Local companies must follow Labuan IBFC (Labuan International Business and Financial Centre of Malaysia). In the Labuan IBFC, a section is referred to as LFSA (Labuan Financial Service Authority).

The LFSA is primarily concerned with the regulation of trading and investment activities.

How does the Labuan FSA work?

The LFSA is in charge of overseeing and regulating trading and investing in financial firms.

They ensure that all firms comply with the regulation’s terms and conditions and whether or not they comply with Malaysia’s strict financial forex laws.

They also promote the island’s business and financial development by establishing policies and rules regulating the Labuan financial markets.

Labuan Forex Brokers: Prohibitions, Rules, and Limitations

Labuan forex brokers must provide a maximum leverage of 1:100, and they must keep an operative office in Labuan. In addition, brokers that want to run Islamic forex services must have a Shariah advisory board with a qualified member that ensures the service is sharia-compliant and complies with Labuan IBFC guidelines on Islamic financial services.

The minimum free cash required of Labuan forex brokers is 500’000 RBM (or equivalent in other currencies). For certain operations and businesses, Labuan IBFC may require additional cash from the broker. Forex brokers are not permitted to offer or use Malaysian Ringgit to their clients. However, they can use RM to defray administrative and statutory expenses.

How to check if a forex broker is Labuan Licensed?

In order to check if a dealer has a Labuan Money License, the process is quite simple:

The first step is visiting the Official Labuan Financial Services Authority website.

Then, you have to search for the Labuan money forex brokers list, which is the complete database of Labuan Licensed forex brokers.

Once you’ve found the list, and found the broker you’re interested in, you can double-check that information with the one you can find on the broker’s website.

How can LFSA intervene in case of financial abuse?

Even though brokers are subjected to strict rules, this doesn’t mean they never break some.

This rarely happens, but when it does, the LFSA is ready to punish those who break them.

In fact, the Labuan FSA may impose fines, temporary bans, and, for the most serious cases, revoke the license indefinitely.

How can LFSA help you?

If for any reason you need to contact the LFSA, whether to ask for information or even to report misconduct by brokers, you can simply use the LFSA Contact Us page.

Within the site you will find the right information to send an email, the phone number, and even the office address.

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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