The Best Trading Platform in Malaysia for Stocks and Shares

stock brokers in malaysia 2021
Many traders in Malaysia, and around the globe, find it difficult to choose a suitable stock broker. For this reason, we have seen many traders lose their investments due to such choices. Worry no more because we’ve got you covered. Our guide will offer you the required information so that you can make the best choices from our list of stock brokers in Malaysia.

You must be wondering how we rate the brokers. Our team of researchers and professionals have gone above and beyond to make sure we recommend the best brokers, without being biased. With a combination of customer reviews and demo accounts, we can guarantee you that the information we provide is accurate. 

Here are the Best Trading Platform In Malaysia For Stocks And Shares

Which is the Best Stock Broker in Malaysia?

TD Ameritrade
What we like

One of the biggest brokers in the world

Global reach with fantastic investment opportunities

What we don't like

Expensive to invest with

A limited selection of securities in certain jurisdictions

One of the biggest brokers in the world

Global reach with fantastic investment opportunities

Expensive to invest with

A limited selection of securities in certain jurisdictions

Features

Fees: Commission and fees
Demo account: Yes
Min deposit: N/A
Assets: Thousands of securities and derivatives
License: CFTC, the SEC, FCA, etc.

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

1 users gave the score of 5/5
star-full star-full star-full star-half star-empty

106,914 users gave the score of 3.7/5

Our extensive research has led us to believe that TD Ameritrade is the best stock broker in Malaysia. It started its operations in 1975 and has grown to be one of the largest stock brokers in the U.S. market. With a subsidiary in Singapore, known as TD Ameritrade Singapore (TDA SG), the broker extends its investment opportunities to traders in Malaysia. 

TD Ameritrade Singapore’s investment securities include stocks, futures contract, and options. It is regulated by the best American authorities, such as Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA). This achievement sets the bar high as the best online trading platform in Malaysia.

TD Ameritrade charges no commission on stock and ETF trading. However, when it comes to mutual funds and futures, the charges are a bit high. Note that TD Ameritrade’s platform is easy to understand. For this reason, it effectively improves your trading proficiency, making it the best stock broker for both trading beginners and professionals in Malaysia.

Which is the Best Share and Stock Trading Platform in Malaysia?

Interactive Brokers
What we like

One of the biggest online brokers in North America

Top-shelf trading software for all customers

What we don't like

Long processing time for withdrawls

High commission for small positions

One of the biggest online brokers in North America

Top-shelf trading software for all customers

Long processing time for withdrawls

High commission for small positions

Features

Fees: Rather high fees
Demo account: Yes
Min deposit: $100
Assets: Huge selection
License: SEC, IIROC, FCA, ASIC

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

2 users gave the score of 5/5
star-full star-full star-full star-full star-empty

9,873 users gave the score of 3.82/5

When looking for the best share and stock trading platform in Malaysia, you need to think about your investment’s security. Going for a broker who is regulated by the best authorities is what you must consider.

Interactive Brokers (IBRK) is a trusted broker operating around the globe, including Malaysia. IBRK is rated as the best share and stock trading platform in Malaysia because of its efficiency and easy-to-use stock trading platform. It offers a variety of assets, including stocks, forex, and commodities.

This trading platform is also licenced by the top tier authorities, such as FCA and SEC. One thing to note is that Interactive Brokers is not a member of Bursa Malaysia. With no offices in Malaysia, the local market trade with this broker seems impossible.

However, because of its premium licenses, Interactive Brokers is still safe in Malaysia, and you can trade Singaporean assets.

Which is one of the Cheapest Stock Trading Platforms in Malaysia?

Plus500

When you trade with Plus500's app, you will be using the highest-ranked trading app for both Android and iOS.

You will also gain access to some of the world's best mobile trading features and a great selection of asset classes.

What we like

Easy to use mobile software

Competitive spread

Top rated in both app stores

What we don't like

Commission on stock trading

Limited monthly transactions

Only 2,200 assets on offer

Easy to use mobile software

Competitive spread

Top rated in both app stores

Commission on stock trading

Limited monthly transactions

Only 2,200 assets on offer

Features

Fees: Overnight Funding, Currency Conversion Fee and Inactivity fee (read more about Plus500 fees here)
Demo Account: Yes
Min Deposit: £100
Assets: 2,000+
License: FCA, CySEC, ASIC, FSCA, MAS

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

16 users gave the score of 4.4/5
Total score:
star-full star-full star-full star-full star-empty

100,788 users gave the score of 4.1/5

72% of retail CFD accounts lose money. Plus500 has been named the best CFD provider in the UK, Spain, and Germany by the Investment Trends 2019 Leverage Trading Report in the UK and Spain. In 2018, Plus500 was named the best CFD mobile platform by the Investment Trends 2018 Australia CFD report.

Plus500 takes the lead when it comes to CFD trading. Since 2008, the broker continues to provide investment opportunities to traders globally. With its headquarters in Israel, it also has a Singapore subsidiary making it accessible for traders in Malaysia. With a simple and easy-to-use platform, Plus500 offers various investment assets such as forex, cryptocurrencies, commodities and ETFs. 

Plus500 is one of the trusted stock trading platforms in Malaysia. This is because it is regulated by top-tier authorities, such as the UK’s Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS). What makes it one of the cheapest stock trading platforms in Malaysia is that most of its services are free of charge. You will incur zero charges on deposit, live share CFD prices, opening and closing trades, rolling your position, and more.

Note that Plus500 offers all traders only one type of CFD account, referred to as a retail account. However, to get a professional account, you must have enough financial experience and have traded actively for more than one year. With its simplicity and easy-to-use features, we recommend Plus500 to experienced traders. 

Which is the Best CFD Stock Broker in Malaysia? 

IG Markets

IG Markets is one of the oldest and biggest online brokers in the world.

This UK-based broker has been offering trading opportunities since the early 1970s.

Still to this day, IG Markets keeps trail blazing the industry and setting the standard for all other online brokers.

What we like

Real stock trading of the exchanges

Huge selection of international stocks.

What we don't like

High minimum deposit.

Commission on spread betting and CFD stock trading.

Real stock trading of the exchanges

Huge selection of international stocks.

High minimum deposit.

Commission on spread betting and CFD stock trading.

Features

Fees: Low spread & commission.
Demo Account: Yes
Min Deposit: £300
Deposit Options: Visa, Mastercard, PayPal, Bank Transfer
Assets: 10,000+
License: FCA, ASIC, CFTC, MAS

Ratings:
star-full star-full star-full star-full star-empty

Rating by our editorial team

9 users gave the score of 4.7/5
Total score:
star-full star-full star-full star-full star-empty

34,712 users gave the score of 3.96/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

Our experienced researchers have spent countless hours reviewing IG Markets, and we can confidently assure your safety with this broker. Since its inception in 1974, this London-based broker is one of the best stock investment platforms in the industry. Today, it has received the highest customer rankings as the best CFD stock broker in Malaysia. This is because it has a wide selection of stocks of over 10,000

Various authorities regulate IG Markets with FCA being the primary one. It provides you with all the assets you need to trade professionally in CFD stock. It also has several trading platforms, some of which are strictly accessible to professional traders. CFD trading comes with higher risks, so make sure you are well informed about CFDs in Malaysia, before investing. 

With IG Markets, you get access to excellent resources that will make your trading activities more secure. Since the broker charges account opening fees, it may suit your needs to try the free demo on their website. We guarantee that you will enjoy using IG Markets and continue with the signup procedure.

Which is the Best Free Stock Broker in Malaysia? 

AvaTrade

AvaTrade represents the top tier of online brokers.

With a combination of their own software and third-party platforms, you'll gain access to some of the best trading services and features.

What we like

Easily integrated trading robots

Commission-free trading

What we don't like

A limited selection of assets

Rather high spread on certain assets

Easily integrated trading robots

Commission-free trading

A limited selection of assets

Rather high spread on certain assets

Features

Fees: 0% commission but spread on each trade
Demo Account: Yes
Min Deposit: £100
Deposit Options: Debit & Credit Cards, Skrill, Neteller, Webmoney
Assets: 1,000 assets
License: Central Bank of Ireland, ASIC, FSCA, FSA

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

4 users gave the score of 4.8/5
Total score:
star-full star-full star-full star-full star-half

12,804 users gave the score of 4.64/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

If you are looking for a cheap or free stock broker in Malaysia, then consider AvaTrade. Do not be mistaken, however; there is no completely free broker out there. They are all in the industry for profit. Right? What makes them affordable is their commission-free services

To get back to our review, AvaTrade is a practical and straightforward app to use, with a plethora of automated tools and robots. This feature makes it easy for you to manage your trading activities.

Since its inception in 2006, the broker, together with its trading experts, ensures that you enjoy your trading experience. Its mobile stock trading app, known as AvaTradeGO, allows traders in Malaysia to trade with ease anywhere, anytime. You can find it on both Google Play and the App Store.

If you trade online, it is best to use a broker which accepts PayPal. You can use AvaTrade to invest in stocks, indices, and cryptocurrencies.

When it comes to AvaTrade charges, it does not charge deposit and withdrawal fees. However, there is a minimum amount that you must deposit when creating a live trading account. AvaTrade also charges inactivity fees. So, if you are not a frequent trader, this broker is not for you. You will also pay spread when trading with real money on AvaTrade. 

Which is the Best Trading Platform for Day Trading in Malaysia?

TD Ameritrade
What we like

One of the biggest brokers in the world

Global reach with fantastic investment opportunities

What we don't like

Expensive to invest with

A limited selection of securities in certain jurisdictions

One of the biggest brokers in the world

Global reach with fantastic investment opportunities

Expensive to invest with

A limited selection of securities in certain jurisdictions

Features

Fees: Commission and fees
Demo account: Yes
Min deposit: N/A
Assets: Thousands of securities and derivatives
License: CFTC, the SEC, FCA, etc.

Ratings:
star-full star-full star-full star-full star-half

Rating by our editorial team

1 users gave the score of 5/5
star-full star-full star-full star-half star-empty

106,914 users gave the score of 3.7/5

Not only is TD Ameritrade the best stock broker in Malaysia, but it is also ranked the best for day trading in most countries, including Malaysia. Since its operations in the 1970s, TD Ameritrade is also considered one of the largest stock brokers in the United States. 

TD Ameritrade has a subsidiary broker in Singapore known as TD Ameritrade Singapore. It is through this subsidiary broker that Malaysian traders get to access investment opportunities. TD Ameritrade has a sophisticated platform and tools with exceptional customer service. These features make it the best trading platform for day trading in Malaysia. 

TD Ameritrade offers a variety of assets, including stocks, futures contract, and options. It is also licensed and regulated by top-tier commissions such as CFTC and SEC. The broker is safe to invest in and does not charge a commission on stock and ETF trading. However, its charges are relatively high when it comes to mutual funds and futures.

Guide for Traders in Malaysia 

The first step to being a successful trader in online stock trading in Malaysia is finding the right broker. The broker should legally be operating on its own or have access to Bursa Malaysia.

Note that Malaysian traders can also trade in foreign countries. To do so, you will be required to open an account with an international broker that allows foreign stock exchange trading. 

For beginners, we understand that trading can sometimes be overwhelming. Witnessing the fluctuation of pricing in the stock market can leave you wondering if you are making the right move. Worry no more because once you familiarise yourself with how trading works, you will realise that it is not a strenuous activity to understand.

That said, below are significant facts that you need to know, before making your first investment.

Different trading laws

The trading laws of Malaysia only allow you to invest with a licensed and regulated broker. For this reason, it is essential that you choose a broker who you are sure is regulated by the required authorities or recommended by us. 

Malaysian brokers need to have a Securities Commission Malaysia license that operates under the Capital Markets and Services Act 2007. If you wish to be a local broker, then the Bank Negara Malaysia will regulate your activities.

Different local markets

Whereas some brokers allow international trading, others do not. It merely means that there are brokers who do not have access to the Malaysian stock exchange. So, when you are looking for a broker, consider one who will cater to your trading needs in a single platform.

Islamic trading accounts

Over 60% of the Malaysian population practice the religion of Islam. Therefore, most online traders invest in Islamic trading accounts. Do not agonize, though, if you are not a Muslim. We make sure that our recommended brokers offer both Islamic and non-Islamic accounts to suit your religion.

How to Choose the Best Stock Broker in Malaysia

You need to be very cautious when choosing a stock broker. It will suit your needs to ensure that the broker is safe to trade with, before investing all your hard-earned money. You do not want to risk investing in a broker only to find out that your investments are gone. That said, below are some things you need to look for before choosing a stock broker.

Regulation and exchange membership

The Securities Commission Malaysia must register the stock broker. Their eligibility to trade guarantees your safety. Our recommended brokers are all licensed by the above commission. Simply pick.

Trading platform

The best stock broker must have a flexible trading platform. You should be able to enter your stock order, receive confirmations, and have access to the relevant stock quotes. The platform or software must also be easy to access and customise. 

Research

What is the best broker without advisory and research services? As a trader, there is information or procedures that require guidance. Your broker must be at your beck and call, should you need investment advice. 

Fees and commissions

This is an essential factor to consider when choosing a stock broker. Their services must be within your budget, especially if you are a frequent trader. 

What you trade

The assets and securities that you are looking for in a broker are essential. Don’t choose a CFD broker when you should have gone for a stock broker. We’ve chosen the best trading platforms for stocks and shares in Malaysia in our trading guide above. So, you can choose one of them and compare the instruments they offer to trade.

Compare brokers

Once you have chosen a few brokers from the list that we recommend, you can use their demo accounts to see which one stands out. Once you follow the above factors, you can never make a wrong choice. Remember, even if you end up with the best of the best brokers, without education, it will be difficult to make profits. So, learn how to trade with educational materials, such as books, videos, and courses. 

FAQs

Is stock trading legal in Malaysia?

Absolutely. This is for as long as you invest with a licensed and regulated broker. It is also legal to trade internationally where you invest in eligible countries’ stock markets. 

Can I use Robinhood in Malaysia?

No. Unfortunately, Robinhood does not support trading in Malaysia. Instead, there are other trading platforms or accounts to use—most of which we recommend. 

Where can I invest in Malaysia?

There are several investment brokers in Malaysia. For this reason, our qualified team of researchers have reviewed and tested these investment brokers, and we do not doubt that TD Ameritrade is the best broker to invest in Malaysia. 

How do I start trading?

If you are a beginner, we recommend signing up for an account with a beginner-friendly broker. Also, take advantage of the demo account to familiarise yourself with trading, before investing real money. 

How can I invest in Malaysia stock?

Start by opening a Central Depository System (CDS) account. Once you find the best stock broker, you are free to invest. 

How can I buy U.S. stocks in Malaysia?

Simply register an account with an international broker. We highly recommend TD Ameritrade Singapore. 

Conclusion

Stock trading in Malaysia can be a great investment opportunity in this evolving market that includes the Islamic trading sector. It’s close connection with Singapore also encourages Malaysia to grow fast in stock trading. For this reason, you need to get the necessary education to start making investments. 

What makes online stock trading in Malaysia more interesting is the ability to offer Islamic trading platforms. This allows all Muslim investors to trade without violating their religion. 

You should now have an idea of which trading platform in Malaysia is best for you. You also know the top stock brokers and what they offer. Should you wish to learn more about these brokers, do not hesitate to refer to our extensive broker reviews. You will find all the information you need. 

Remember to choose the best stock broker that you feel will work for you. Do your research or refer to us for help and guidance. 

Note: Should you have any questions or comments, kindly leave a message below. Whether the message is regarding investments, trading apps, financial systems, safety, or any other information that comes to mind while going through our website, we promise to respond as soon as possible. 

Trading Platforms, Brokers & Apps That We Tested:

  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Is Trading Allowed In My Country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article are available in the following countries.

Europe:

  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

Our Author:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

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