Hi @ericc,
In this thread, we discussed the global currency hubs: What are the Deposit and Withdraw Option of FOREX.COM
For traders who live in those major trading centers, it makes sense to consider brokers regulated in their home country. Since you live Malaysia, you may want to focus on brokers regulated in Singapore, Australia or the UK.
The advantage of trading with a well-regulated broker is there are both financial and trading standards set, ongoing monitoring by the regulators to ensure compliance, a framework for handling complaints from customers, and the power to enforce actions against regulated brokers for violations.