The Best Mobile Trading Apps in Malaysia

 Mobile Trading Apps in Malaysia 2021

The new technology is increasing trading activities in Malaysia. With mobile trading apps, traders now have constant access to trading platforms. This is so that they can quickly access brokers and stay abreast with updated trading information. It is also easy for them to take advantage of unforeseen opportunities as they arise.

For this reason, we have spent countless hours testing and researching online apps to share the best mobile trading apps in Malaysia with you.  

Our List of the Best Mobile Trading Apps in Malaysia: 

Which is the Best Investment App 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

92,205 users gave the score of 3.72/5

TD Ameritrade outshines other trading platforms as the best investment mobile app in Malaysia. It offers a full range of investments, such as futures contracts, stocks, and options. 

TD Ameritrade has a subsidiary platform in Singapore known as TD Ameritrade Singapore (TDA SG). It is through the TDA SG platform that Malaysian investors get to enjoy available investment opportunities. The investors can also invest in the American stock market, making TD Ameritrade the perfect investment mobile trading app in Malaysia.

Although TD Ameritrade offers a low minimum and low costs funds, its fee charges are still relatively high. Note that this investment platform is easy to use and quickly improves your investment skills. For this reason, it still is the perfect mobile trading app for both novice and experienced investors.

Which is One of the Cheapest Stock Trading App 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: 0% commission, except stocks.
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

98,675 users gave the score of 4.14/5

76,4% 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.

If you are a beginner or mid-level in stock trading, this app will be your best pick. Not because of its simplicity features, but because it has a swift account opening procedure, with responsive customer support. Plus500 offers a variety of assets, including forex trading, commodities and cryptocurrencies. 

Although Plus500 offers only CFD trading and has few selections of stock, it is still rated as one of the best stock trading mobile apps in Malaysia. This reputation is mostly because of its commission-free services that attract low budget traders.

Note that Plus500 offers one type of account known as a retail account. To qualify for a professional version with higher leverage, you must have actively traded for at least 12 months. You also must have the necessary experience in the financial sector.

Because Plus500 is one of the best rated mobile trading apps in Malaysia, we recommend that you try this broker. Your first experience will be one among others to come.

Which is the Best Free Trading App 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

9,373 users gave the score of 4.52/5

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

AvaTrade has been an online trade pioneer since 2006. The company has financial and trading experts who ensure traders enjoy their experience. Whether you are novice or highly knowledgeable, AvaTrade’s in-house features improve your trading skills with its plethora of excellent tools. For this reason, it boasts as one of the best free mobile trading apps in Malaysia.

Joining the AvaTrade community is easy and takes a few minutes. There is a first minimum deposit required to create a live trading account. Note that AvaTrade does not charge deposits and withdrawal fees. This makes it an enjoyable app for frequent traders. Should your account stay inactive for some time, however, AvaTrade charges inactivity fees.

Of course, AvaTrade will charge you spread for trading. This charge mostly applies when using real money. So, it’s not just an all-free service app. Its mobile app, AvaTradeGO, is available on Google Play and the App Store, making it easy for you to trade anywhere, anytime.

AvaTrade has put a lot of attention into automatic trading software. This software is an added advantage because it is also flexible for trading robots. 

Which is the Best Trading App for Beginners in Malaysia?

eToro

No online broker does copy trading like eToro.

You can choose to trade on your own or copy other traders, and the social trading network is the perfect place to share experiences and learn new skills from other traders from all over the world.

What we like

Copy trading for convenience.

Fantastic app that runs smoothly on Android and iOS.

What we don't like

Commission of CFD stocks.

High minimum deposit

Copy trading for convenience.

Fantastic app that runs smoothly on Android and iOS.

Commission of CFD stocks.

High minimum deposit

Features

Fees: 0% commission on stocks, although not on stock CFDs.
Demo Account: Yes
Min Deposit: £200
Assets: Hundreds of stocks.
Deposit Options: Credit/Debit Cards, Skrill, Neteller, PayPal, Wire, Rapid Transfer
License: FCA, CySEC, ASIC

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

Rating by our editorial team

14 users gave the score of 4.6/5
Total score:
star-full star-full star-full star-full star-empty

86,449 users gave the score of 3.98/5

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Every beginner in the trading industry needs a simple and straightforward app for quick understanding. eToro is one of the best international brokers that has a quick account opening procedure. It is perfect for beginners in Malaysia who hope to indulge in innovation as they trade.

eToro allows beginners to use the copy feature. Here, they can copy trades from professional traders quickly and easily. This feature encourages you to trade as you learn along the way. The app also allows cryptocurrency trading, forex, stocks and commodities under one roof. The features enable you to capture value from the fascinating cryptocurrency market.

Note that eToro charges a relatively high trading fee. There are also inactivity charges after 12 months of no trade. That said, if you are on a low budget, we wouldn’t recommend eToro. We assure you, however, that eToro is the best broker for beginners in Malaysia.

Easy to Download Forex Trading App in Malaysia

Forex.com

Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.

Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.

What we like

Offers MT4 and an Advanced Platform

Unparalleled forex service

What we don't like

Poor selection of CFDs

Long processing times for certain withdrawals

Offers MT4 and an Advanced Platform

Unparalleled forex service

Poor selection of CFDs

Long processing times for certain withdrawals

Features

Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.

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

Rating by our editorial team

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

1,607 users gave the score of 3.1/5

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

Forex.com is a simple, easy-to-download forex trading app in Malaysia. It offers more than 90 currencies, making it top the list as the best forex trading app. Forex.com has the most significant number of MetaTrader users globally and allows cryptocurrency trading, available on CFDs.

The Forex.com mobile app has straight forward features with a seamless user interface and design. The app also has an easy-to-use chart with more than 70 indicators and drawing tools. If you love MetaTrader, Forex.com offers MT4 and MT5 mobile apps.

Unfortunately, Forex.com also has its limitations. It has a small number of assets, which means it best suits individuals who have limited trading experience in other markets.

Which is the Best Trading App for Android in Malaysia?

Forex.com

Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.

Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.

What we like

Offers MT4 and an Advanced Platform

Unparalleled forex service

What we don't like

Poor selection of CFDs

Long processing times for certain withdrawals

Offers MT4 and an Advanced Platform

Unparalleled forex service

Poor selection of CFDs

Long processing times for certain withdrawals

Features

Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.

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

Rating by our editorial team

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

1,607 users gave the score of 3.1/5

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

Forex.com has an extensive range of offerings, from CFDs to futures and spread trading across various classes. Its Android application is convenient for CFD brokers and online forex trading. That is why it has excellent ratings from Malaysian users on the Google Play Store.

The procedure for installing this mobile trading app is simple. Simply create a Forex.com account, download the application, and you are set to trade. You will find all the trading capabilities and combined trading tools in the Forex.com Android App.

The Forex.com Android app lets you trade anywhere, anytime. With 26 indicators and 13 drawing tools, it is easy to scroll between charts, quotes, and current positions.

Which is the Best Trading App for iOS 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

31,081 users gave the score of 3.96/5

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

IG Markets has been an online broker since the 1970s, making it one of the most celebrated and trusted online brokers globally. IG Markets supports both desktop and mobile device trading. In the case of mobile devices, it offers a platform for Android and iOS.

This broker’s mobile device application continues to advance. Its efficiency has made IG Markets win multiple awards over the years. It is also by far the best mobile trading app provider worldwide, with the most outstanding ratings from Malaysian users on the App Store.

With IG Markets’ iOS app, you can trade whenever you see fit. Our thorough research and testing have led us to conclude that it is a trusted broker. Try it, and you will notice the difference.

Guide For Traders in Malaysia

How to trade in Malaysia

Learning how trading works in other countries increases not only your trading abilities, but also opportunities and experience. Of course, before you start trading in a foreign country, consider your safety. For beginners, trading in Malaysia is an exciting challenge that lets you try something different.

The trading laws of Malaysia allow you to only trade with regulated brokers, so make sure that the brokers that you are interested in trading with are licensed by a trusted regulatory body. Some of these brokers are listed in this article, and so you do not need to go through the cumbersome searching procedure for these. 

For a broker to own a license in the Malaysian market, they must have sufficient customer protection proof. They must also prove the highest level of fairness. Licensing is essential in Malaysia as it assures investors that they are receiving fair treatment with complete honesty. 

To obtain a license, you need to go through the Securities Commission Malaysia. This commission operates under the Capital Markets and Services Act 2007 (CMSA). The Securities Commission has to also take into account your financial integrity and reputation. For the local market, Bank Negara Malaysia (BNM) also oversees and regulates trading. 

Large brokers in Malaysia have a robust international presence. This means that these brokers have offices in several countries, mostly in Singapore. For this reason, they are also licenced and regulated by bodies such as the Monetary Authority of Singapore (MAS).

Our purpose is to provide you with the best mobile trading apps in Malaysia that guarantee your safety. We make sure that before recommending a broker, thorough research is conducted by our team of professionals. You can be rest assured that our recommended brokers are licensed and regulated by the regulatory bodies in various jurisdictions. These bodies include the US Securities and Exchange Commission (SEC), and the Australian Securities and Investment Commission (ASIC).

How to Choose the Best Trading App in Malaysia

Choosing a broker in Malaysia can be challenging and overwhelming, especially if you have no idea of what to look for. You must consider a suitable mobile trading app for a profitable investment. 

Selecting a mobile trading app does not guarantee investment returns. But, it is a step to a successful investment, since it suits your needs. Below, we will break down the main factors that you should look out for when choosing the best trading app in Malaysia.

Note that these factors are what we use when reviewing these brokers. Simply put, the same process and methods we use to find a broker is what you should use to choose the best mobile trading apps in Malaysia. 

security of the trading appsassetshow to choose trading platformtransaction costscomparison of trading apps

 

1. Securitysecurity of trading apps in Malaysia

This is an essential factor when choosing a broker. Make sure that the broker you are going to invest in has a high-security level. You do not want to risk investing in a broker who merely claims to be legit, do you? 

Do not agonise about checking the credibility of these brokers. The Securities Commission Malaysia helps in identifying the trustworthy ones from the rest. All legitimate brokers are listed under this body. All you have to do is confirm their membership.

2. Assetstrading apps tools

The broker you choose must offer all the necessary tools and resources for your trading needs. The assets must access a broad coverage, such as commodities, precious metals, and stock indices, to name a few.

It will sometimes suit your interest to test the broker before making a decision. Note that some brokers offer free sign up procedures. Take advantage of this and go through their trading platforms, if that is what it takes.

3. Trading Platformtrading platforms in malaysia

Consider a trading platform that is user-friendly and reliable. Check if what they offer will contribute to a stable activity. Also, confirm if their technical and charting tools are easy to use. What about their news feed feature? Is it free? How about if the platform has all the necessary trading information? Lastly, check if their customer support service is active. This way, in case of any questions or clarifications, there is someone to talk to.

4. Coststrading apps fees

Transaction costs are something that every trader is subjected to, no matter the kind of currency you use. Every time you trade, you will pay spread fees or commission. That is why you should consider a broker with the lowest rates.

However, if you want more security in a reliable broker, you must sacrifice these low transaction costs. It’s all about creating a balance. Good brokers also offer free deposit and withdrawal services. After all, it is your money, and you should have access to it as you please. 

5. ComparisonComparison of the best trading apps

After considering the above factors, we advise that you go through our recommended brokers. Our extensive and honest reviews will guide you on choosing a suitable mobile trading app. Should you, in any way, have any doubt about a broker or which one to choose, we have all the answers here.

FAQs

 Best Mobile Trading Apps in Malaysia

How can I start trading in Malaysia?

First, you must be at least 18 years of age. You then need to find the best brokers, most of which we recommend in this guide. Also, ensure you have the necessary funds to kickstart your trading. 

Lastly, before you start trading, learn the strategies, platforms, and markets. This knowledge can make you earn more profit.

Is trading legal in Malaysia?

Yes, as long as you trade with licensed and regulated brokers. Foreign currency trading is also legal in Malaysia through licensed commercial, Islamic, and investment banks.

Can I use Robinhood in Malaysia?


No. Robinhood is not supported in Malaysia, and any attempt to use it may lead to account limitations. However, you can still use other trading accounts, such as the ones recommended by us.

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


You can buy U.S. stocks in Malaysia by registering an account with an international broker. We recommend that you use TD Ameritrade Singapore.

Is Plus500 legal in Malaysia?

Yes. Plus500 is safe for use in Malaysia. It is one of the most efficient and reliable brokers recommended by us. It is also regulated by the top regulatory authorities, including MAS and ASIC. For more information on Plus500, kindly refer to our mini-review above.

Is Bitcoin legal in Malaysia?


Yes. With the existing blockchain technology, Bitcoin trading is legal. However, you can not use Bitcoin as a legal tender.

Are trading apps safe?

Yes. Simply make sure that the trading app you are using secures your information. With trading apps, you can also make money, just like other web users.

Conclusion

The rate of trading in Malaysia is increasing. This growth is because of the easy access to an exciting and robust stock exchange. The close collaboration with Singapore also contributes to the excellent quality of services. 

Our team of professional researchers have tested and reviewed online trading apps to help simplify your search. With a mix of honest user reviews and our professionals’ opinion, we have found the best mobile trading apps in Malaysia.

On this note, we believe that you have all the information you need on Malaysia’s trading apps. This knowledge can act as guidance for finding your best broker. Remember that brokers vary with traders’ interests. So, do not pick one simply because most users use it. Consider what works best for you.

Note: We value our customers’ feedback. It is what encourages us to make this platform a better place. So, in case you have any comments or questions regarding investment, trading apps, or other information on our website, please leave a message below. We promise to respond promptly.

Trading Platforms, Brokers & Apps That We Tested:

  • eToro
  • 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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