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
Affin Hwang Capital
Affin Hwang Capital
  • 0-100k: 0.7%
  • >100k: 0.7%
  • Intraday: 0.15%
  • Minimum: RM28
  • 1 x cash collateral
  • Online payment: Affin Bank, CIMB, Maybank.
  • Supports Good Till Date (GTD) order - order valid until a certain date specified by the client (within 30 days period).
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
  • 0.05%
  • Minimum: RM28

Collateralised
  • 0-100k: 0.6%
  • >100k: 0.3%
  • Intraday: 0.15%
  • Minimum: RM28
  • 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.

  40 people like this.
 
investlogic Hong Leong Bank's HLeBroking is getting worse, keep cutting cost to ramp up profit, service is getting bad, analysts report is also very shallow, now even want to discontinue the service of emailing the statement. I think i have to start looking for other broker.
21/08/2019 10:48 AM
anticon investlogic Hong Leong Bank's HLeBroking is getting worse, keep cutting cost to ramp up profit, service is getting bad, analysts report is also very shallow, now even want to discontinue the service of emailing the statement. I think i have to start looking for other broker.
21/08/2019 10:48 AM


You said it, it really getting from bad to worse. I had already close my HLeBroking a few months back and join Am Securities. Moreover Am Securities staff are rather friendly and helpful but I can't say the same for HL.
25/09/2019 12:53 PM
ter001 Malacca Securities Sdn Bhd (mplusonline.com) has FPX payment facility to perform immediate deposit and instantly available for investing after confirmation. Funds transfer like interbank giro delays and takes so long to process maybe until the next day after you make deposit today.
08/10/2019 11:08 AM
7300 yes,best so far
08/10/2019 11:17 AM
inthiran80 hi ..new here .. what is the best or highly recommended trading acct ?
12/01/2020 2:32 PM
Limbeh can I know what if the broker goes bust? It looks attractive to go for smaller non-bank broker, but I am afraid if they goes bust, my capital will down the drain.. anyone can clarify?
05/02/2020 9:51 AM
hyfong Hi does anyone know which broker allows opening an account under a LLP’s name?
09/03/2020 7:45 PM
profit profits I want to open a trading account at maybank2u for my son who is 18 years old. Wonder whether they accept him and wonder whether the office still open tomorrow.
17/03/2020 7:35 PM
anonymoouus I want to ask what are the other online trading platform providers other than N2N and excelforce
20/03/2020 4:33 PM
Yolo1111 Hi, am I being able to change my dealer to other person who also work under same firm? Or I must open a new trading account at other firm if I wish to change my dealer? FYI, I am using UXB Kxy Hixn as my first trading account. I am quite dissapointed with my dealer as he always MIA and giving me fake infomations. I am quite hesitating whether I should stay on to keep using this trading account or look for a new trading account at other firm? Any suggestion which is the best stock broker firm at the moment? I am quite fed up with my dealer who might bring me to Holland anytime soon. Regret for not doing some research on dealer first before I open my trading account lol
I will list down my requirements on the criteria of trading account I am looking for:
1) I am able to use my own CDS account instead of nominee account for trading purpose
2) low brokerage fee
3) dealer at least equiped with basic and necessary knowledges, not simply give wrong informations to mislead their client. I know some trading account is DIY account, for example rakuten. So, this point 3 is not a compulsory point for me.
Thanks
02/04/2020 9:48 AM
Junnn I’m Junn, from UOB Kay Hian.

For Cash up-front & Collateralize Account


As low as just ** 0.1% or MIN RM 8 ** brokerage fees
*** not require any special T&C, applicable for all.


Other than competitive brokerage fees, we also provide additional value to the users:

1) SEMINAR (physically / learning online)
– A to Z training from platform training to fundamental or technical analysis seminars.

2) Private WhatsApp group providing trading ideas.

3) Foreign markets accessible (US, HK, SGX)

4) Robot orders (Stop Limit & Limit if Touch)
- System help execute orders while you're working.

5) EXTRA TECHNICAL ANALYSIS TOOL
– Technical Screener & real-time charting software.

6) RESEARCH REPORT (covered US, HK, SG, M’sia market)
– From whole market, sector, to particular listed company.

7) IDSS (intraday short selling)

6) Provide 2.01% interest per annum in trust account.


Never ask never know, any inquiries please WhatsApp me via: http://www.wasap.my/60162413687/investlah or call 016-2413 687
Please don't put your inquiries here. Anything direct message me.

Happy trading/investing. :D
09/04/2020 9:21 PM
WayneChin89 Just open a new trading account during this MCO period and you can open it online. They can also mail the form to your address and collect the form after you fill it out. This is very useful for opening a new account without going to a branch like a bank.
14/04/2020 2:38 PM
Poji Zol Which broker is that? How about CDS account opening? Do we need to be present at the stockbroker office during this mco?
15/04/2020 5:31 PM
Value888 Rakuten crashed today, not reliable. Which platform is suitable for active trader & with user-friendly interface?
16/04/2020 11:18 PM
Abdul Rashid Hadi Munir Maybank is the best with 0.1 percent charges
17/04/2020 2:49 PM
raykalbaharom Hi newbie here..how about Inter Pacific, any recommended?
19/04/2020 11:17 AM
Talib lucky dbe cimb 0.08 haha
19/04/2020 11:30 AM
sambfk84 during this MCO period if someone want to start trade. go for rakuten trade. minimum document need. account will active around 2hours-1day if apply in business hours. all apllication online only. no need go anywhere. just prepare your document only to upload
28/04/2020 5:51 PM
7skies wont recommend using Maybank if u r a serious n active trader. their system will be down on many weekends! u will get frustrated! under maintenance they say. pirahhh. been like this for n umpteen years! myself still looking for broker with best trading systems. anybody knows which 1??
09/05/2020 9:48 AM
Gn021 Anyone got good ambank remiser can recommend ? Can pm me, need open account
09/05/2020 1:56 PM
lhyii76 Anybody know which bank provide chart that have indicators and also set stop loss and TP to be trigger automatically.
15/05/2020 10:03 PM
messi can check with rhb investment bank but brokerage is higher than others.
23/05/2020 4:55 PM
Ny036 Anyone know how is the service of AM bank brokerage and its servo?
23/05/2020 5:13 PM
up88up Anyone use kentrade?
23/05/2020 5:37 PM
brock101 https://groupbuyanytool.com/
03/06/2020 3:07 PM
Employee Anyone using Rakutentrade? Mind to share your user experience? I am using RHB tradesmart and would love to try others
03/06/2020 4:00 PM
Dttinseng Am new. can email me at i3dttts@gmail.com as i intend to open a trading account in this mco.
04/06/2020 6:51 AM
partimeshark Anyone need M+ account, can PM me, my friend is the broker.
07/06/2020 10:45 AM
dennistwc77 i am using hlebroking for years... very good platform
07/06/2020 5:24 PM
Freedom89 May i know which platform can set stop loss?
07/06/2020 5:47 PM
chinvest17 From mypf.my:
Trading Bracket Order Features (i.e. Stop Limit, Take Profit)
Jupiter Securities
RHB Investment Bank
Malacca Securities (M+)

Stop Loss Order vs Stop Limit Order
Stop Loss Order and Stop Limit Order are features that help automate an order once it reaches a certain price. There is a key difference between Stop Loss and Stop Limit. If a Stop Loss is triggered, a market order is placed (where the stock will be sold at market price – which may be higher/lower than the Stop Loss). If a Stop Limit is triggered, a limit order is placed (stock sold when the price level is reached). Do note that if the market gaps down below your Stop Limit, your Stop Limit will not trigger.
21/06/2020 9:43 PM
Adiraq891 is it true,mplus having so many problem?what is the problem..can i know?see the rating is 5 star same as HLB
24/06/2020 5:37 PM
brock101 https://djponlinepajak.com/klikbca/
26/06/2020 5:14 PM
chien6336 any good remisier to recommend?
09/07/2020 11:20 PM
aizzat80 Which brokers can open a direct trading account within the shortest time? Pls whatsapp me 0122392340
13/07/2020 9:56 AM
flyhigh99 hi, any public bank brokers can open a direct trading account ASAP pls whatsapp 0173229551
20/07/2020 5:49 PM
Junnn I’m Junn, from UOB Kay Hian.

For Cash up-front & Collateralize Account


As low as just ** 0.1% or MIN RM 8 ** brokerage fees
*** not require any special T&C, applicable for all.


Other than competitive brokerage fees, we also provide additional value to the users:

1) SEMINAR (physically / learning online)
– A to Z training from platform training to fundamental or technical analysis seminars.

2) Private WhatsApp group providing trading ideas.

3) Foreign markets accessible (US, HK, SGX)

4) Robot orders (Stop Limit & Limit if Touch)
- System help execute orders while you're working.

5) EXTRA TECHNICAL ANALYSIS TOOL
– Technical Screener & real-time charting software.

6) RESEARCH REPORT (covered US, HK, SG, M’sia market)
– From whole market, sector, to particular listed company.

7) IDSS (intraday short selling)

6) Provide 1.30% interest per annum in trust account.


Never ask never know, any inquiries please WhatsApp me via: http://www.wasap.my/60162413687/investlah or call 016-2413 687
Please don't put your inquiries here. Anything direct message me.

Happy trading/investing. :D
23/07/2020 10:46 PM
johnny cash WHICH IS HAVING THE BEST RESEARCH AND SOFTWARES TOOLS TO PICK UP GOOD STOCKS WITH GOOD TA AND FA?????? MY WHATSAPP +60193629402
27/07/2020 5:06 PM
Lieu888 does it mean Mplus Online among all with lower brokage fee correct?
05/08/2020 7:05 PM
mkmike HLeBroking has been having technical issues very often of late. Twice in a week so far. Until they sort out the issues amicably, stay away from it.
11/08/2020 9:25 AM
Noni Lately found out that some bank-brokers charge me interest when selling on T3 and some brokers do not. Extra interest fee for that 1 day when i sell.
11/08/2020 11:05 PM
Bill77 From experience: STAY AWAY from TA Securities. If you don't know/don't ask, TA starts you off with the highest fees (0.7% or RM40!) - UNLESS you do your homework and ask why you're paying so much compared to other firms. Then like magic, your remisier will tell you brokerage fees are negotiable. Mine lowered it to 0.6%. My remisier has never been proactive. Neither has he assisted me once throughout my years with them, including my online trading access setup, how to use, etc. Perhaps because I'm not an active trader.
But the final straw came when I decided to call their office directly (bypassing my remisier) and found out they have an 'online traders discount' - 0.4% or RM 28! When I forwarded this info to my remisier and asked for an explanation - he went silent!
It was clear to me my remisier was acting in his best interest - not mine. I also did not appreciate TA's dodgy approach to fees. Never upfront unless you prod and swerve. When I asked TA Management what action would be taken, they said my remisier was apologetic, that it had been a busy last few weeks in the stock market, and he was 'reminded' not to neglect clients in future.

Speechless.

Horrible experience. Looking to switch to either Maybank or Rakuten
13/08/2020 8:37 AM
thanaraj hold on to invest in dutch lady malaysia share
15/08/2020 3:30 PM
yw007091300 Any malacca good remisier here ? Wanna open a direct trading account here ..
20/08/2020 10:46 PM
Pinky This list needs to be updated, it's outdated already
24/08/2020 2:50 PM
messi Anyone trading with Rakuten Trade? Can give some reviews of the trading system, the brokerage rate, deposit & withdrawal procedure and speed. If good, can be my referral to get the RT points. Thank you
06/09/2020 8:45 PM
messi Not many use rakuten trade
06/09/2020 8:46 PM
messi Someone said rakuten will issue nominee account to clients. Not so good coz our stocks in mcd will be controlled by rakuten. Any request for transfer or rights application must go thru rakuten.
09/09/2020 5:02 PM
abcd123 do you all know which platform can view all the transaction history that we have place before ? TQ
14/09/2020 12:57 PM
twjian what are the highest interest rates could get across the investment bank?
15/09/2020 9:16 PM