Not licensed in Malaysia
SmartChecker searched the Securities Commission Malaysia's public register of licence holders on 2026-10-07 for each of the 6 names below and the register returned no entry for any of them. The register is the SC's own and open to anybody; every row prints the term that was typed, so the search can be repeated. Not being on it is not a finding of wrongdoing, and it is not a statement about what a company is licensed to do anywhere else.
This page is a search result, not a finding. A name the register has no entry for has not been accused of anything by anybody. It may hold licences from regulators in other countries — a different question, which SmartChecker has not checked here, and one that does not answer this one: a foreign licence does not authorise regulated activity in Malaysia. The register covers the SC’s own licensing of capital market activity; it is not Bank Negara Malaysia’s register and not Labuan FSA Malaysia’s. And a register is searched by name, so a Malaysian company trading under a different name would not appear under the term on its row.
An SC licence is what places a provider under the Securities Commission's supervision in Malaysia. A provider without one is outside it, whatever it may be licensed to do in another country.
Search the SC register yourself — the same page SmartChecker used, on the day printed on every row below.
-

eToro
Not licensed by the SC & LFSA
What we searched
Searched for “eToro”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
-

AvaTrade
Not licensed by the SC & LFSA
What we searched
Searched for “Ava”: 9 records found, every one of them an individual representative licensed to a different company. None is AvaTrade.
Searched on in the SC Public Register of Licence Holders and Registered Persons
-

ATFX
Not licensed by the SC & LFSA
What we searched
Searched for “ATFX”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
-

Tiger Brokers
Not licensed by the SC & LFSA
What we searched
Searched for “Tiger”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
-

FXCM
Not licensed by the SC & LFSA
What we searched
Searched for “FXCM”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
-

EC Markets
Not licensed by the SC & LFSA
What we searched
Searched for “EC Markets”: 0 records found
Searched on in the SC Public Register of Licence Holders and Registered Persons
Every mark above is the property of the company it names. It is there so a reader knows which brand a row is about, and it is neither a badge nor a finding.