Best Stock Brokers in Malaysia
Compare Malaysia's most popular stock brokers and crypto exchanges at a glance — fees, promotions, margin & contra, live-quote speed and pros & cons, side by side in one table.
Indicative figures, reviewed July 2026. Always confirm current fees on each broker's official site.
📈 Stock brokers
For Bursa Malaysia, US and global shares. All SC-licensed (except IBKR, regulated abroad). Filter by type or sort by fees, stars or downloads ⇅ to find your match.
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- •Bursa: 0.03% + RM3/order
- •US: 0.03% + $0.99/order
- •Margin: up to ~2× (~6.8% p.a.)
- •No contra (pay upfront)
- •Real-time L2 US (free)
- •Real-time L1 Bursa (free)
- ★“Moomoo Welcome Rewards” — up to RM1,800 on net deposit
- ★≥ RM1,000 → RM100 cash
- ★≥ RM3,000 → RM100 Apple stock
- ★≥ RM10,000 → RM600 Apple stock
- ★≥ RM40,000 → RM1,000 Apple stock
- ★Each tier needs a 60-day fund lock
- ★180 days 0 commission — US, MY, HK, SG & CN
- ★Campaign: 30 Jun – 23 Sep 2026
- ✓Broadest markets (MY/US/HK/SG/CN)
- ✓Free real-time L2 data
- ✓Margin + fractional shares
- ✗Support can be patchy
- ✗Feature-heavy UI
- •Bursa: 0.05% (RM2.50+)
- •No platform fee
- •US: 0.025% (USD0.99+) after promo
- •US options: $0.35/contract
- •No margin / no leverage
- •Cash account only
- •Real-time L1 US
- •Bursa 15-min delayed
- ★Up to RM500 welcome rewards — free shares + trading vouchers (new users)
- ★RM300 trading vouchers on RM5,000 net deposit, held 60 days
- ★0% US stock commission (promotional)
- ★Real-time L2 data, first 30 days
- ✓No platform fee
- ✓Strong US + options
- ✓Clean, beginner-friendly
- ✗No margin (cash only)
- ✗Real-time Bursa only on trial
- ✗Fewer markets than moomoo
- •Bursa: flat RM1 / RM2.88 / 0.10%
- •Capped at RM100
- •US: 0.10% ($0.88+)
- •No margin / no leverage
- •Cash account only
- •Real-time US (free)
- •Bursa 15-min delayed
- ★Welcome: own an Apple (AAPL) share from your first trade
- ★Transfer in shares + trade — up to RM2,000 rewards
- ✓Very low flat fees
- ✓RT Points rewards + free CDS
- ✓Fast online onboarding
- ✗Limit orders only
- ✗Small US stock list
- ✗iSPEED app poorly rated
- •Cash a/c: 0.10% (RM8+)
- •Margin a/c: 0.42% (RM12+)
- •Foreign: via Maybank Securities
- •Margin: up to ~2× (+ Islamic)
- •Contra: yes (collateral a/c)
- •Real-time Bursa
- •Foreign delayed
- ✓Bank-grade trust
- ✓Margin + Islamic option
- ✓Integrated with Maybank2u
- ✗Pricey non-prepaid (0.42%)
- ✗Dated platform
- ✗Foreign quotes delayed
- •Cash a/c: 0.08% (RM8+)
- •Margin a/c: 0.38% / 0.18% (RM12+)
- •Foreign: yes (rate varies)
- •Margin: up to ~2.5× cash / 1.5× shares
- •Contra: yes
- •Real-time Bursa
- ✓Low 0.08% cash rate
- ✓Bank-backed + margin
- ✓Real-time Bursa + tools
- ✗Steep 0.38% margin rate
- ✗Low-rated, dated app
- ✗Foreign fees not transparent
- •Cash a/c: 0.08% / 0.05% (RM5+)
- •Margin a/c: not published
- •Foreign: via eInvest Global
- •Margin: typical ~2× (check broker)
- •Contra: via dealer
- •Bursa quotes — verify on platform
- ✓Low RM5 minimum
- ✓Free Morningstar screener
- ✓Strong in-house research
- ✗Margin/foreign fees opaque
- ✗Tiered fee on small trades
- •Margin a/c: 0.30–0.60% (RM40+)
- •Cash-upfront cheaper (negotiable)
- •Foreign: 15+ markets (varies)
- •Margin: up to ~2× (credit-assessed)
- •Contra: yes
- •Real-time Bursa
- •Foreign may need data sub
- ✓15+ markets, 1 login
- ✓Strong research desk
- ✓Feature-rich platform
- ✗RM40 base fee
- ✗Traditional pricing
- •Cash a/c: 0.06% (RM8+)
- •Margin a/c: as low as 0.15% (RM8+, Margin Lite)
- •Foreign: 10 markets (varies)
- •Margin: up to ~2× (+ Margin Lite)
- •Contra: yes
- •Real-time Bursa
- •Foreign delayed
- ✓10 markets, 1 platform
- ✓Margin + Margin Lite
- ✓Strong research heritage
- ✗Functional UI
- ✗Foreign fees vary
- ✗Low-rated app
- •Cash a/c: 0.05% (RM8+)
- •Margin a/c: not published
- •US: 0.10% ($3+) · HK: 0.10%
- •Margin: US/HK 8% p.a.
- •Bursa contra: check broker
- •Real-time US / HK
- •Real-time Bursa
- ★Sign-up gift (AirPods / mystery stock)
- ✓Lowest cash rate (0.05%)
- ✓MY + US + HK in one app
- ✓Real-time data
- ✗⚠️ Bursa trading suspended (Mar 2026)
- ✗Resumption unconfirmed — US/HK only
- ✗Bursa margin rate not published
- •US: $0.0035/share ($0.35+)
- •FX: 0.002% ($2+)
- •Bursa: access (rate varies)
- •Margin: up to ~4× intraday / 2× o/night
- •Lowest rates · no contra
- •Real-time: paid subscription
- •Free quotes delayed
- ✓Cheapest margin & FX
- ✓150+ markets worldwide
- ✓No minimum deposit
- ✗Not SC-regulated (abroad)
- ✗Steep learning curve
- ✗Real-time data costs extra
Fees shown as rate + base fee, e.g. 0.10% (RM8+) means a 0.10% rate with a roughly RM8 floor per trade. Contra (collateralised accounts) lets you buy and sell before settlement; the trading limit is typically only about 2–3× your deposited collateraland is set by the broker's credit approval — e.g. RM10k collateral is usually ~RM25k–30k of buying power, notRM100k. Cash-upfront / digital brokers don't offer contra.
🪙 Crypto exchanges
Only SC-registered Digital Asset Exchanges. All are spot-only (no leverage) under SC rules.
| Broker | Leverage | Coins | Pros & cons | Promotions | |
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- •Instant Buy: 2%
- •Exchange: 0.35% maker · 0.60% taker (Tier 1)
- •MYR deposit: FPX free (≥RM100)
- •Spot only
- •No leverage (0×)
- •BTC, ETH & major coins
- ✓Most popular & trusted
- ✓Easy MYR in/out
- ✓Beginner-friendly app
- ✗2% Instant Buy markup
- ✗Fewer altcoins
- ✗Use Exchange to cut fees
- •Maker: 0% · Taker: 0.1–0.4%
- •Instant Buy: ~1%
- •MYR: trustee-segregated
- •Spot only
- •No leverage (0×)
- •38 MYR pairs
- ✓Cheapest fees
- ✓38 MYR trading pairs
- ✓Funds trustee-segregated
- ✗Newer than Luno
- ✗Verify fee tiers
- ✗Smaller brand
- •Maker: 0% · Taker: 0.5%
- •MYR: bank transfer
- •Own-name account only
- •Spot only
- •No leverage (0×)
- •~5 coins (BTC, ETH, XRP…)
- ✓0% maker fee
- ✓Cold-storage security
- ✓Binance tech partner
- ✗Only ~5 coins
- ✗Clunky MYR deposit
- ✗Own-name transfer only
- •Maker: 0% · Taker: 0.25%
- •Free MYR deposit
- •Spot only
- •No leverage (0×)
- •BTC, ETH, XRP, SOL, ADA
- ✓0% maker fee
- ✓Long-running, regulated
- ✓Simple to use
- ✗~0.5% taker fee
- ✗Few coins
- ✗Lower liquidity
Indicative information, not financial advice.Brokerage fees, promotions and features change frequently and vary by account type and trade size — always verify the current terms on each broker's official website before opening an account. Bursa trades also carry government charges (clearing fee, stamp duty and SST) on top of brokerage. Star ratings & App Store download figures are indicative (reviewed July 2026) — sample sizes vary widely, so a few-review score isn't comparable to a large one. Rates.my is an independent information site, is not affiliated with these brokers, and is not a licensed financial advisor.
⭐ Broker reviews & ratings
Used one of these brokers? Leave a star rating and a quick review — the good, the bad, fees, app experience, support and any complaints. Real user experiences help everyone choose better. Mention the broker by name in your review.
💬 Discussion (2)
Live · last activity 20 Jun 2026
More from Rates.my
Stock brokers Malaysia — FAQ
Which is the cheapest stock broker in Malaysia?▾
For small Bursa Malaysia trades the lowest-cost options are the digital brokers — Webull (0.05%, min RM2.50, no platform fee, often with a 0% promo) and Rakuten Trade (flat RM1–RM2.88 on small tickets). moomoo has the lowest percentage (0.03%) but a RM3 base fee. Traditional bank-backed brokers (Maybank, Kenanga, CGS, Public Bank) are usually pricier unless you use their cash-upfront accounts. Always compare against your typical trade size — flat fees win on small trades, percentages on large ones.
Are moomoo and Webull safe and regulated in Malaysia?▾
Yes. moomoo (Moomoo Securities Malaysia) and Webull (Webull Securities Malaysia) both hold a Capital Markets Services Licence from the Securities Commission Malaysia, and Webull is a Bursa Malaysia Participating Organisation. Rakuten Trade, Maybank, Kenanga and CGS International are also SC-licensed. Interactive Brokers is not SC-regulated but is regulated overseas (US SEC/FINRA and others) and accepts Malaysian clients.
Which broker is best for buying US stocks from Malaysia?▾
moomoo and Webull both offer cheap US trading with long commission-free promos and free or low-cost real-time US data. Rakuten Trade is simple but limits you to a smaller list of US stocks and limit orders only. For the lowest costs on larger US/global portfolios and the cheapest FX conversion (0.002%), Interactive Brokers is hard to beat — at the cost of a steeper learning curve.
Do I need a CDS account to trade Malaysian stocks?▾
Yes — to trade on Bursa Malaysia you need a Central Depository System (CDS) account, which your broker opens for you (Bursa charges a one-time RM10). Digital brokers like moomoo, Webull and Rakuten open a nominee or direct CDS account during their fully-online eKYC sign-up, usually in 1–3 working days.
Which crypto exchanges are legal in Malaysia?▾
Only exchanges registered as a Digital Asset Exchange (DAX) with the Securities Commission Malaysia may legally serve Malaysian retail users. As of the SC's latest register these include Luno, HATA, MX Global, SINEGY, Kinetic and Torum. Note that Tokenize Xchange is no longer on the SC's approved list, and global names like Binance and Bybit are not SC-regulated for Malaysian retail — so use a registered DAX for protection.
Can I trade on margin or with leverage?▾
Among the brokers here, moomoo offers margin financing (MYR rate around 6.8% p.a.), and the bank-backed brokers (Maybank, Kenanga, CGS) offer share margin financing and contra trading. Webull Malaysia and Rakuten Trade are cash-only. Interactive Brokers has the lowest margin rates in the industry. The SC-registered crypto exchanges are spot-only and do not offer leverage to retail users.
How does contra trading work, and how big is the limit?▾
Contra (offered on collateralised accounts at brokers like Maybank, Kenanga and CGS) lets you buy shares and sell them before the T+2 settlement date without paying upfront — if you sell at a profit you keep the difference; if at a loss you settle the difference. Your contra/trading limit is a multiple of the collateral you deposit, but for regulated Malaysian brokers that multiple is typically only about 2–3 times — so RM10,000 of collateral usually gives roughly RM25,000–RM30,000 of buying power, not RM100,000. The exact limit is set by the broker's credit assessment. Cash-upfront and digital brokers (moomoo, Webull, Rakuten) don't offer contra — you pay for trades upfront.