Highlights

Brokers Comparison

If you are looking for a new brokerage firm to begin investing in the stock market, or if you're looking for a new brokerage firm that's more suitable to your investment style, this is the right place.

We hope this guide will help you compare online brokers of Bursa Malaysia and find the broker that's right for you.

You can help us improve this guide by suggesting a broker or sending us a feedback at feedback@i3investor.com.

Broker ** Overall Rating * Online Brokerage Fees Trading Limit Payment Method Special Offers/Feature
AmEquities
Affin Hwang Investment Bank
Cash Upfront (eInvest Go)
  • <10k: RM5
  • 10-100k: 0.08%
  • >100k: 0.05%
  • Minimum: RM5
  • Cash balance - transaction cost
  • Direct Bank-in via FPX fund transfer from various banks
  • Fully online direct CDS and trading account opening process
  • FREE Premium Stock Screener - Powered by MorningStar ®
  • Fast account approval process within 1 business day, subject to AHIBB's approval
AmEquities
AmEquities
Cash Upfront - eDirect
  • 0.05%
  • Minimum: RM8

Collateralised
  • 0-100k: 0.40%
  • >100k: 0.20%
  • Minimum: RM28
  • Odd lots: RM12
  • Intraday: 0.15%
  • 3 x cash and 2 x share capping (Collateralised account)
  • eDeposit/eSettlement through Ambank
  • Supports Good Till Date (GTD) order - order valid until a certain date specified by the client.
JF Apex
JF Apex
Cash Upfront
  • 0.10%
  • Minimum: RM12

Collateralised
  • 0-100k: 0.42%
  • >100k: 0.21%
  • Intraday: 0.15%
  • Minimum: RM12
  • 1 x cash deposit
 
 
 
 
  • 4 x cash collateral and 3 x shares collateral
  • Online payment: Public Bank, Hong Leong Bank, CIMB, Maybank, Bank Islam.
  • Supports Good Till Date (GTD) order - order valid until a certain date specified by the client (within 30 days period).
BIMB
BIMB Securities
  • 0-100k: 0.3%
  • >100k: 0.2%
  • Intraday: 0.15%
  • Minimum: RM14
  • 1 x deposit
  • Online payment: Maybank, Bank Islam.
  • Supports Good Till Date (GTD) order - order valid until a certain date specified by the client.
  • First and the only full-fledged shariah compliant stockbroking in Malaysia
CIMB
CIMB
  • 0.42% (iTrade)
  • Minimum: RM28 (iTrade)
  • 0.0388% (CIMB Clicks)
  • Minimum: RM8.88 (CIMB Clicks)
  • 3 x cash collateral + 2 x share collateral
  • Minimum balance of RM10,000 required for CIMB Clicks account
  • Online payment: CIMB, Maybank, Public Bank, Hong Leong Bank, Bank Islam.
  • Sign up for Clicks Trader to enjoy brokerage fee of RM8.88 per trade (minimum deposit required).
  • Supports Good Till Date (GTD) order - order valid until a certain date specified by the client.
Hong Leong Bank
Hong Leong Bank
Cash Upfront (VALUeTRADE)
  • 0.10%
  • Intraday: 0.10%
  • Minimum: RM8

Collateralised (1TRADE)
  • 0-100k: 0.38%
  • >100k: 0.18%
  • Intraday: 0.10%
  • Minimum: RM8
Cash Upfront (VALUeTRADE):
  • cash balance - transaction costs

Collateralised (1TRADE):
  • 2 x cash collateral
  • Online payment: Maybank, Hong Leong Bank, CIMB.
  • Rate as low as 0.10% (call to inquire)
  • Free access to live Futures Prices on the HLeBroking Portal.
Jupiter Securities
Jupiter Securities
Cash Upfront
  • 0.10%
  • Intraday: 0.10%
  • Minimum: RM10

Collateralised
  • 0-100k: 0.30%
  • >100k: 0.20%
  • Intraday: 0.10%
  • Minimum: RM12
Cash Upfront:
  • cash balance - transaction costs

Collateralised:
  • 2 x cash collateral + 1.5 x stocks collateral
  • No online payment. Fund transfer via Maybank, HSBC, CIMB, RHB, Publick Bank.
  • Promotion rates for new clients at 0.05% or min RM8.00 for 2 months from the date of account opening.
  • Supports Good Till Date (GTD) order - clients can place orders valid up to 30 trading days.
Kenanga
Kenanga
  • 0-100k: 0.42%
  • >100k: 0.21%
  • Minimum: RM28
  • 1 x cash collateral
  • No online payment. Fund transfer via Standard Chartered Bank , Maybank, HSBC, CIMB, Publick Bank.
-
Maybank
Maybank
Cash
  • 0.1%
  • Minimum: RM8

Collateralised
  • 0.42%
  • Minimum: RM12
  • Intraday: 0.15%
  • Cash: 1x; Collateralised: 3x cash/shares
  • Maybank
  • Online foreign trading: SGX, NYSE, NASDAQ, HKSE. Support trading from iPad and iPhone.
  • Supports Good Till Date (GTD) order - order valid until a certain date specified by the client (within 30 days period).
Mercury Securities
Mercury Securities
  • 0-100k: 0.42%
  • >100k: 0.21%
  • Intraday: 0.15%
  • Minimum: RM12
  • 2 x cash collateral, 1 x share collateral
  • Direct Bank-in via cash or cheque with Maybank, Public Bank, CIMB, RHB & HSBC
  • Extended settlement period for up to 10 days with Mercury T+10
  • Identify more that 60 classic chart patterns and technical indicators with Mercury Signals
Mplus Online
Mplus Online
Cash Upfront (Mplus Silver)
  • 0.08% < 50k
  • 0.05% > 50k
  • Intraday: 0.08%
  • Minimum: RM8

Collateralised (Mplus Gold/T7)
  • 0-50k: 0.30%
  • >50k: 0.20%
  • Intraday: 0.10%
  • Minimum: RM10
Cash Upfront:
  • Cash balance - transaction costs

Collateralised:
  • Up to 3 x cash collateral + 2 x stocks collateral
  • CIMB, Maybank, Public Bank, Hong Leong Bank, UOB Bank, RHB Bank
  • Attractive Margin Financing Package
  • Supports Good Till Date (GTD) order - order valid until a certain date specified by the client (within 30 days period).
Public Bank
Public Bank
  • 0.42%
  • Minimum: RM12
  • 1 x cash collateral
  • No online payment. Direct bank in via Maybank or Public Bank.
-
Rakuten Trade
Rakuten Trade
Cash upfront:
  • 0-1k: RM 7
  • 1-10k: RM 9
  • 10-100k: 0.10%
  • >100k: RM 100
  • Minimum: RM 7

Contra:
  • 0-1k: RM 7
  • 1-10k: RM 9
  • 10-100k: 0.10%
  • >100k: RM 100
  • Minimum: RM 7

RakuMargin:
  • 0-1k: RM 7
  • 1-10k: RM 9
  • 10-100k: 0.10%
  • >100k: RM 100
  • Minimum: RM 7
Cash Upfront:
  • 1 x cash collateral

Contra:
  • up to 5 x cash for certain stocks

RakuMargin:
  • 2.25 x Cash
  • 1.25 x Pledged Share

  • Direct Bank-in via FPX fund transfer from various banks
  • Online Cash Upfront, Contra and RakuMargin accounts
  • Day trade rebate program (Contra)
  • Trade and earn Rakuten Trade (RT) points
  • 3 months free rollover fee - Promotion end on May 2020 (RakuMargin)
RHB
RHB
  • 0.42%
  • Minimum: RM12
  • 1 x cash collateral
  • No info available.
  • Supports Stop Loss, Conditional Limit, Good till Date and Good till Order with RHBInvest Program Trading.
RHB TradeSmart
RHB TradeSmart
  • 0-100k: 0.42%
  • >100k: 0.21%
  • Intraday: 0.15%
  • Minimum: RM28
  • 1 x cash collateral
  • RHB Bank, Bank Islam, CIMB Bank, Hong Leong Bank, Maybank and Public Bank
  • Cash/cheque deposit
  • Get free flights, hotels stays, electronic gadgets, appliances and more when you trade online
  • Conveniently trade from a variety of channels: website, desktop application, smartphones and tablets
  • Trade in stock markets across top 5 global exchanges using a single login
SJ Securities
SJ Securities
  • 0-100k: 0.42%
  • >100k: 0.35%
  • Intraday: 0.15%
  • Minimum: RM12
  • Cash upfront: negotiable
  • 2 x cash collateral, 1 x shares collateral
  • Online and direct bank-in: Maybank & CIMB
  • Supports Good Till Date (GTD) order - order valid until a certain date specified by the client.
  • Interest free margin account for purchase contracts up to T+10 (SJenie SMarT)
  • Mobile trading available via iMSL@SJenie app for Android (Google Play) & Apple (App Store)
TA
TA
  • Discount subjected to dealer's recommendation and company's approval.
  • 1 x cash collateral
  • Online payment via Maybank2u.com
  • Supports Good Till Date (GTD) order - order valid until a certain date specified by the client.
UOB KayHian
UOB KayHian
Collateralised:
  • 0-100k: 0.3%
  • >100k: 0.2%
  • Intraday: 0.1%
  • Minimum: RM8

Cash upfront:
  • 0.1%
  • Minimum: RM8
  • 3x Cash Collateral, up to 2x Shares Collateral
  • Cash or Cheque at branch.
  • EPS via the ATM or Internet banking
Trading tools for technical analysis - TechAnalyzer & ChartGenie

* Overall rating of each broker is derived based on competitive fees, product offerings, ease of payment/withdrawal, availability of information, and the features of the broker's online trading portal.

** The logo image of each broker remains the rights of the broker. The i3investor portal does not own the copyrights to the logo images.

*** Note: Some offers may be valid for a limited time only. The information and links on this page are provided for your convenience only. i3investor does not endorse or recommend the services of any brokerage company.

  44 people like this.
 
MrBorneo26 Post removed. Why?
15/12/2020 1:32 AM
jeffchan1901 ctht151, I m using Maybank Investment Bank (MIB). You start off at 0.42% or arM28 n depending on your trade column and negotiation can reduce up to 0.2% or TM20 while contra from 0.42% to 0.q5%... for upfront money. if u trade oneself better if you got time can get lower brokerage costs
15/12/2020 7:41 AM
jeffchan1901 * 0.q5% = 0.15% sorry phone is acting up.
15/12/2020 7:42 AM
azruddiey Any Maybank Remisier here, kindly PM me.
20/12/2020 10:15 PM
TheGardener May I know the best broker rate for future please? please kindly share your info.
23/12/2020 8:59 PM
ipunk want open Mplus but no BSN bank option
06/01/2021 10:33 AM
farique88 May I know the best broker rate for global trade account please? please kindly share your info and suggestion...
06/01/2021 2:17 PM
raslandin99 I have been using rakuten trade for more than a years. Trading can be executed almost immediately. Love it
07/01/2021 3:22 PM
holihom any good remisier recommend in Affin hwang Penang
20/01/2021 12:21 PM
ABSBOSS @raslandin99 but the platform tak meriah like others..Im using rakuten only to trade..monitoring using rhbtradesmart..
24/01/2021 9:41 PM
_rasyidrahman Hi I am still new to this. I edy open the account using Bursa Anywhere apps, choosing kenanga and cimb as broker. I want to change it to Rakuten and Mplus. How to do it? Can someone explain it for me. Thanks in advance
24/02/2021 4:29 PM
MrBorneo26 Post removed. Why?
27/02/2021 1:25 AM
MrBorneo26 Post removed. Why?
28/02/2021 9:05 PM
moneytree88 Hi all..i got an acc but din trade for years...so how can i activate it back or open a new? or change a remisier? can someone advise me
14/03/2021 3:21 PM
DzulY74 Hi. Im new to trading. Is Rakuten deal with syariah stocks as well? I see their fee is cheaper than bank. Any idea why some broker charge very much for example like Kenanga?
15/03/2021 11:47 PM
MrBorneo26 @moneytree88 u can download (Bursa anywhere apps) to active back your account,,just RM5 fee to reactivation of a dormant CDS account..Or u can open another account if u want.. 1 broker for 1 account..u can open more than 1 account..up to you..

@DzulY74..Rakuten can buy and sell all stock at Bursa either shariah stocks or non-shariah stock. Rakuten is a Nominee account, cannot buy IPO..it's Better for newbie to start invest at Bursa if they have Rm1000 below. some broker charge higher coz they have different features. some of them have features-Stop limit/Cut loss/screener/live chart/indicator/Alert/transaction History..some broker dont have.
16/03/2021 2:25 AM
kelvinchow may i know which broker real time chart is suited for intraday trading?
23/03/2021 9:44 AM
ksr_invest hi, I am new to Trading. what is required to be done for Paperwork on corporate actions (eg. Rights issue, takeover offer)?
What is the difference if managed directly vs Managed by Broker?
30/03/2021 12:18 PM
Journey to Financial Independence I started my investment journey with a nominee account (Rakuten Trade). But later this year I decided to switch into a direct account (Malacca Securities) after I found out their differences...

https://klse.i3investor.com/blogs/DirectNomineeAccount/2021-04-02-story-h1563151774-Direct_Account_and_Nominee_Account_Which_One_is_Better.jsp
03/04/2021 1:39 PM
benjikoh I tried the calculate function on MPLUS to simulate the amount of brokerage I have to pay. But the minimum is RM40 Brokerage fees charged, but isn't the advertised fee RM8?
06/04/2021 11:27 PM
Journey to Financial Independence @benjikoh, my account is M+ silver account (cash upfront), charged a minimum of RM9.70 per contract including stamp duty and clearing fees. You can ask your remisier/ dealer representative what type of account are you using to buy/sell. If your remisier does not reply to your message, it's time to change from M+ platform to others.

M+ registration link: https://registration.mplusonline.com/?ref-id=R345
Broker's comparison: https://klse.i3investor.com/jsp/hti/brokers.jsp
07/04/2021 2:05 PM
sky06walker Newbie here, I hear that if using Rakuten, all shared purchased will park under Rakuten account not park under our individual account, is this statement correct? If park under Rakuten, we wont be recognize when AGM it's?
16/04/2021 5:55 PM
MrBorneo26 Post removed. Why?
30/04/2021 7:04 AM
bernardeng Like MrBorneo26, I have accounts with both Rakuten and MPlus. My recommendation is to open account with more than one broker to compare stock recommendation and monitor stock performance if you can. As for the reason why Rakuten operate using nominee account type is because in addition to cash account which require cash to be deposited first before you can trade they also provide contra and margin accounts which require your stocks to be collateralized. The advantage of contra account over cash account is that you can trade and settle later (T+2) hence very useful for short term trading. As for the reason why I like Mplus other than cheap brokerage is because they provide very good market and stock updates and conduct free seminars for their clients very regularly.
05/06/2021 3:19 PM
SKLee198 Hi i'm new to trade. anyone can share that is there any cost to maintain for these trading account? or any other hidden cost?
12/06/2021 3:01 PM
firstclass Hello All. I am Newbie here. Just wish to know do I just need a new trading CFD account only to start trade or I can just sign up with one of the broker & this will come with the CFD account? Thanks
22/06/2021 5:11 PM
ShinGiTai hi, for long term investment purpose, fund size > 1mil, do u guys think it's good idea to buy with Rakuten platform first due to cheapest charges, then later pay RM10 transfer the stock to other bank platform like RHB, Maybank, UOB KAylian for faster Dividends and safer security?
11/07/2021 2:42 PM
Bgt 9963 Post removed. Why?
12/07/2021 8:48 AM
Noni I would avoid "bank-backed" broker. Too many hidden restrictions.
26/07/2021 12:08 AM
Bgt 9963 Post removed. Why?
26/07/2021 8:41 AM
msbr91 @Noni May I know what is the hidden restrictions you have encountered before?
29/07/2021 8:51 PM
Meena12 Hi, Maybank is charging me a minimum of RM28 per transaction for both sale and purchase...
Is that normal, or please advise if I am paying high?
22/08/2021 7:22 PM
i3lurker your broker could be maybank or Maybank Investment Bank.
please check.

open your mouth to complain and you will get cheaper


Posted by Meena12 > Aug 22, 2021 7:22 PM | Report Abuse

Hi, Maybank is charging me a minimum of RM28 per transaction for both sale and purchase...
Is that normal, or please advise if I am paying high?
22/08/2021 7:29 PM
Meena12 @i3lurker Hi Thanks a lot... Yes after requesting they have reduced it to RM12 now...
It is sad that even the broker didn`t advise about it, she insisted the minimum was RM28 last month.
23/08/2021 2:49 PM
normanash Ahh that easy for rakuten, lets say you want to buy hartalega, just go to bursamalaysia or if got other trading acc with cgscimb or kentrade you can check there, syariah complince or not :)
27/08/2021 1:59 PM
Noni @msbr91. Often not enough limit although I have shares. Keep asking me to top-up money.
Ask why? don’t want answer. Ask further, then only say company got restrictions. Ask what restrictions, cannot disclose to me. I am tired.
03/09/2021 10:15 AM
Ocean_K Hi , may i know why Affin Hwang Capital is RM 30.90 ? isn't it Min RM 5 as stated above page ?

MrBorneo26 Compare Brokers in Malaysia (Cash Upfront account)

Example: BUY stock
Purchase Price = RM 0.075
Share Quantity : 10,000 units
Total = Rm750 + Brokerage Fee(include stamp duty/clearing fee/service tax)=

Total Brokerage Fee (include stamp duty/clearing fee/service tax)
Rakuten Trade = Rm 8.64
Mplus = Rm9.70
AmEquities = Rm9.70
Maybank = Rm9.70
Hong Leong Bank = Rm9.70
UOB Kayhian= Rm9.70
Cimb clik Trader = RM10.63
Mecury Securities = RM13.94
Public Bank = Rm13.94
RHB invest = Rm13.94
SJ Securities = RM13.94
BIMB Securities = RM16.06
Affin Hwang Capital = RM30.90
RHB Trade Smart RM30.90
CGS-CIMB = RM30.90
Kenanga = RM30.90
JF Apex = RM30.90

Open Account with Rakuten and Get account around 2 Hours =
https://www.rakutentrade.my/device/accountopening?referralcode=14f18TG...

use this Rakuten Refferal : 14f18TGBPS
*you earn 500 Rtpoints free = For redeem Airasia flight/BonusLink/E-wallet BOOST coins (new promo 2021)
28/02/2021 9:05 PM
14/09/2021 11:09 PM
Bursa's Wall Street Post removed. Why?
28/09/2021 12:32 PM
Thirai Thiraviam Do we have a similar comparison for a corporate trading account? There are lots of info on individual trading accounts, the cost comparison, pros and cons, etc., but literally none (afaik) on corporate accounts.
31/10/2021 6:28 AM
sense maker For those who trade on average more than RM5m to RM30m a year, which platform is reliable and cheapest in terms of brokerage fee?
05/11/2021 9:32 AM
Harvey_Ng Anyone is using Ambank's Amequities? It seems to be good rate trading above 10k
14/11/2021 8:24 PM
chinvest17 There is a catch on CIMB Clicks 0.0388% brokerage rate with minimum $8.80.
Minimum $8.88 is per matched Order.
Say you have 3 matched order, each trade value 10,000.
Total brokerage is 8.88 * 3 = $26.64. Not 30,000 * 0.0388% = $11.64
12/12/2021 11:19 AM
chinvest17 Malaysia increase stamp duty from 0.1% to 0.15% from 2022.
Many countries don't impose stamp duty for stock trading, including Singapore, US.
While China impose 0.1% on the selling side only.
Also, Malaysia stamp duty still apply when you invest in foreign market through Malaysia broker.
12/12/2021 11:29 AM
kyy123 Why online trading, remisier still get paid from broker, not really understand because i invest my money and did not rely on my remisier, they still get paid, what an easy job lol.
02/01/2022 9:44 PM
NKH123 Can I check if SST still applies for each transaction in 2022
06/01/2022 10:21 AM
chinvest17 No more SST in 2022.

Actually 0.15% stamp duty do not apply to all stock type
0.10% still apply to Warrant, REIT, Trust, Close-ended Fund.
While ETF, no stamp duty until 2025.
08/01/2022 5:47 PM
normanash Kentrade oledi accept online tanfer for fund topup now..
16/01/2022 5:01 PM
PatienceCounts If i hv an Affin Hwang investment bank collateral online account, can i change it to cash trading account online without going thru the bank officer?
05/02/2022 3:05 PM
redhotpepper UobKAYHIAN and M+, which brokerage is better, in term of remisier support?
06/03/2022 9:59 AM
sensonic Post removed. Why?
18/06/2022 10:55 PM