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 info@ggapupp.com

Broker	Overall Rating	Online Brokerage Fees	Trading Limit	Payment Method	Special Offers/Feature
𝐀𝐟𝐟𝐢𝐧 𝐇𝐰𝐚𝐧𝐠	4.3	𝐂𝐚𝐬𝐡 𝐔𝐩𝐟𝐫𝐨𝐧𝐭 (𝐞𝐈𝐧𝐯𝐞𝐬𝐭 𝐆𝐨) 1. <10k: RM5 2. 10-100k: 0.08% 3. >100k: 0.05% 4. Minimum: RM5	1. Cash balance - transaction cost	1. Direct Bank-in via FPX fund transfer from various banks	1. Fully online direct CDS and trading account opening process 2. FREE Premium Stock Screener - Powered by MorningStar ® 3. Fast account approval process within 1 business day, subject to AHIBB's approval.
𝐀𝐦𝐄𝐪𝐮𝐢𝐭𝐢𝐞𝐬	4.3	𝐂𝐚𝐬𝐡 𝐔𝐩𝐟𝐫𝐨𝐧𝐭 - 𝐞𝐃𝐢𝐫𝐞𝐜𝐭 1. 0.05% 2. Minimum: RM8 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐞𝐝 1. 0-100k: 0.40% 2. >100k: 0.20% 3. Minimum: RM28 4. Odd lots: RM12 5. Intraday: 0.15%	1. 3 x cash and 2 x share capping (Collateralised account)	1. eDeposit/eSettlement through Ambank	1. Supports 𝐆𝐨𝐨𝐝 𝐓𝐢𝐥𝐥 𝐃𝐚𝐭𝐞 (𝐆𝐓𝐃) order - order valid until a certain date specified by the client.
𝐁𝐈𝐌𝐁 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬	2.5	1. 0-100k: 0.3% 2. >100k: 0.2% 3. Intraday: 0.15% 4. Minimum: RM14	1. 1 x deposit	1. Online payment: Maybank, Bank Islam.	1. Supports 𝐆𝐨𝐨𝐝 𝐓𝐢𝐥𝐥 𝐃𝐚𝐭𝐞 (𝐆𝐓𝐃) order - order valid until a certain date specified by the client. 2. First and the only full-fledged shariah compliant stockbroking in Malaysia
𝐂𝐈𝐌𝐁	3	1. 0.42% (iTrade) 2. Minimum: RM28 (iTrade) 3. 0.0388% (CIMB Clicks) 4. Minimum: RM8.88 (CIMB Clicks)	1. 3 x cash collateral + 2 x share collateral 2. Minimum balance of RM10,000 required for CIMB Clicks account	1. Online payment: CIMB, Maybank, Public Bank, Hong Leong Bank, Bank Islam.	1. Sign up for Clicks Trader to enjoy brokerage fee of RM8.88 per trade (minimum deposit required). 2. Supports 𝐆𝐨𝐨𝐝 𝐓𝐢𝐥𝐥 𝐃𝐚𝐭𝐞 (𝐆𝐓𝐃) order - order valid until a certain date specified by the client.
𝐇𝐨𝐧𝐠 𝐋𝐞𝐨𝐧𝐠 𝐁𝐚𝐧𝐤	4	𝐂𝐚𝐬𝐡 𝐔𝐩𝐟𝐫𝐨𝐧𝐭 (𝐕𝐀𝐋𝐔𝐄 𝐓𝐑𝐀𝐃𝐄) 1. 0.10% 2. Intraday: 0.10% 3. Minimum: RM8 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐞𝐝 (𝟏𝐓𝐑𝐀𝐃𝐄) 1. 0-100k: 0.38% 2. >100k: 0.18% 3. Intraday: 0.10% 4. Minimum: RM8	𝐂𝐚𝐬𝐡 𝐔𝐩𝐟𝐫𝐨𝐧𝐭 (𝐕𝐀𝐋𝐔𝐄 𝐓𝐑𝐀𝐃𝐄): 1. cash balance - transaction costs 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐞𝐝 (𝟏𝐓𝐑𝐀𝐃𝐄): 1. 2 x cash collateral	1. Online payment: Maybank, Hong Leong Bank, CIMB.	1. Rate as low as 0.10% (call to inquire) 2. Free access to live Futures Prices on the HLeBroking Portal.
𝐉𝐅 𝐀𝐩𝐞𝐱	3	𝐂𝐚𝐬𝐡 𝐔𝐩𝐟𝐫𝐨𝐧𝐭 1. 0.10% 2. Minimum: RM12 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐞𝐝 1. 0-100k: 0.42% 2. >100k: 0.21% 3. Intraday: 0.15% 4. Minimum: RM12	1. 1 x cash deposit 1. 4 x cash collateral and 3 x shares collateral	1. Online payment: Public Bank, Hong Leong Bank, CIMB, Maybank, Bank Islam.	1. Supports 𝐆𝐨𝐨𝐝 𝐓𝐢𝐥𝐥 𝐃𝐚𝐭𝐞 (𝐆𝐓𝐃) order - order valid until a certain date specified by the client (within 30 days period).
𝐊𝐞𝐧𝐚𝐧𝐠𝐚	4	1. 0-100k: 0.42% 2. >100k: 0.21% 3. Minimum: RM28	1. 1 x cash collateral	1. No online payment. Fund transfer via Standard Chartered Bank , Maybank, HSBC, CIMB, Publick Bank.
𝐌+ 𝐎𝐧𝐥𝐢𝐧𝐞	4	𝐂𝐚𝐬𝐡 𝐔𝐩𝐟𝐫𝐨𝐧𝐭 (𝐌+ 𝐒𝐢𝐥𝐯𝐞𝐫) 1. 0.08% < 50k 2. 0.05% > 50k 3. Intraday: 0.05% 4. Minimum: RM8 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐞𝐝 (𝐌+ 𝐆𝐨𝐥𝐝) 1. 0-50k: 0.30% 2. >50k: 0.20% 3. Intraday: 0.10% 4. Minimum: RM10 *0.05% or 0.08% applies to buy trades utilizing available deposited cash in trading account 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐞𝐝 (𝐌+ 𝐓𝟕) 1. 0-50k: 0.30% 2. >50k: 0.25% 3. Intraday: 0.10% 4. Minimum: RM10 *0.05% or 0.08% applies to buy trades utilizing available deposited cash in trading account	𝐂𝐚𝐬𝐡 𝐔𝐩𝐟𝐫𝐨𝐧𝐭:1. Cash balance - transaction costs 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐞𝐝 : 1. Up to 2 x cash collateral + 1 x stocks collateral	1. CIMB, Maybank, Public Bank, UOB Bank	1. Attractive Margin Financing Package 2. Supports 𝐆𝐨𝐨𝐝 𝐓𝐢𝐥𝐥 𝐃𝐚𝐭𝐞 (𝐆𝐓𝐃) order - order valid until a certain date specified by the client (within 30 days period).
𝐌𝐚𝐲𝐛𝐚𝐧𝐤	2.5	𝐂𝐚𝐬𝐡 1. 0.1% 2. Minimum: RM8 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥𝐢𝐬𝐞𝐝 1. 0.42% 2. Minimum: RM12 3. Intraday: 0.15%	1. Cash: 1x; Collateralised: 3x cash/shares	1. Maybank	1. Online foreign trading: SGX, NYSE, NASDAQ, HKSE. Support trading from iPad and iPhone. 2. Supports 𝐆𝐨𝐨𝐝 𝐓𝐢𝐥𝐥 𝐃𝐚𝐭𝐞 (𝐆𝐓𝐃) order - order valid until a certain date specified by the client (within 30 days period).
𝐌𝐞𝐫𝐜𝐮𝐫𝐲 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬	2.5	1. 0-100k: 0.42% 2. >100k: 0.21% 3. Intraday: 0.15% 4. Minimum: RM12	1. 2 x cash collateral, 1 x share collateral	1. Direct Bank-in via cash or cheque with Maybank, Public Bank, CIMB, RHB & HSBC	1. Extended settlement period for up to 10 days with Mercury T+10 2. Identify more that 60 classic chart patterns and technical indicators with Mercury Signals
𝐏𝐮𝐛𝐥𝐢𝐜 𝐁𝐚𝐧𝐤	3	1. 0.42% 2. Minimum: RM12	1. 1 x cash collateral	1. No online payment. Direct bank in via Maybank or Public Bank.
𝐑𝐚𝐤𝐮𝐭𝐞𝐧 𝐓𝐫𝐚𝐝𝐞	4.3	𝐂𝐚𝐬𝐡 𝐔𝐩𝐟𝐫𝐨𝐧𝐭: 1. <700: 1% 2. 700-10k: RM 9 3. 10k-100k: 0.10% 4. >100k: RM 100 5. Minimum: RM 1 𝐂𝐨𝐧𝐭𝐫𝐚: 1. <700: 1% 2. 700-10k: RM 9 3. 10k-100k: 0.10% 4. >100k: RM 100 5. Minimum: RM 1 𝐑𝐚𝐤𝐮𝐌𝐚𝐫𝐠𝐢𝐧: 1. <700: 1% 2. 700-10k: RM 9 3. 10k-100k: 0.10% 4. >100k: RM 100 5. Minimum: RM 1	𝐂𝐚𝐬𝐡 𝐔𝐩𝐟𝐫𝐨𝐧𝐭: 1. 1 x cash collateral 𝐂𝐨𝐧𝐭𝐫𝐚: 1. up to 5 x cash for certain stocks 𝐑𝐚𝐤𝐮𝐌𝐚𝐫𝐠𝐢𝐧: 1. 2.25 x Cash 2. 1.25 x Pledged Share	1. Direct Bank-in via FPX fund transfer from various banks	1. Online Cash Upfront, Contra and RakuMargin accounts 2. Day trade rebate program (Contra) 3. Brokerage revision from RM 7 to RM 1 4. Trade and earn Rakuten Trade (RT) points (1 RT point for every RM 1 spent on brokerage fees)
𝐑𝐇𝐁	3.5	1. 0.42% 2. Minimum: RM12	1. 1 x cash collateral	1. No info available.	1. Supports 𝐒𝐭𝐨𝐩 𝐋𝐨𝐬𝐬, 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐋𝐢𝐦𝐢𝐭, 𝐆𝐨𝐨𝐝 𝐭𝐢𝐥𝐥 𝐃𝐚𝐭𝐞 and 𝐆𝐨𝐨𝐝 𝐭𝐢𝐥𝐥 𝐎𝐫𝐝𝐞𝐫 with 𝐑𝐇𝐁𝐈𝐧𝐯𝐞𝐬𝐭 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 𝐓𝐫𝐚𝐝𝐢𝐧𝐠.
𝐑𝐇𝐁 𝐓𝐫𝐚𝐝𝐞𝐒𝐦𝐚𝐫𝐭	3.5	1. 0-100k: 0.42% 2. >100k: 0.21% 3. Intraday: 0.15% 4. Minimum: RM28	1. 1 x cash collateral	1. RHB Bank, Bank Islam, CIMB Bank, Hong Leong Bank, Maybank and Public Bank 2. Cash/cheque deposit	1. Get free flights, hotels stays, electronic gadgets, appliances and more when you trade online 2. Conveniently trade from a variety of channels: website, desktop application, smartphones and tablets 3. Trade in stock markets across top 5 global exchanges using a single login
𝐒𝐉 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬	2.5	1. 0-100k: 0.42% 2. >100k: 0.35% 3. Intraday: 0.15% 4. Minimum: RM12 5. Cash upfront: negotiable	1. 2 x cash collateral, 1 x shares collateral	1. Online and direct bank-in: Maybank & CIMB	1. Supports 𝐆𝐨𝐨𝐝 𝐓𝐢𝐥𝐥 𝐃𝐚𝐭𝐞 (𝐆𝐓𝐃) order - order valid until a certain date specified by the client. 2. Interest free margin account for purchase contracts up to T+10 (SJenie SMarT) 3. Mobile trading available via iMSL@SJenie app for Android (Google Play) & Apple (App Store)
𝐓𝐀	4.3	Cash Collateral 1. 0.12% 2. RM10 T+2 Contra 1. 0.18% (>100k) 2. 0.35% (<100k) 3. RM12 Foreign 1. 0.18% (>100k) 2. 0.35% (<100k) Margin 1. 0.18% (>100k) 2. 0.35% (<100k) 3. RM12	Cash Collateral 1x cash 1x shares T+2 Contra 3x cash 2x shares Margin 2.5x cash 1.5x shares	1. Online payment via Maybank2u.com	1. Flexible margin to expand your portfolio at low cost 2. Online foreign trading: SGX, NYSE, NASDAQ, HKSE.
𝐔𝐎𝐁 𝐊𝐚𝐲𝐇𝐢𝐚𝐧	3.5	Collateralised: 1. 0-100k: 0.3% 2. >100k: 0.2% 3. Intraday: 0.1% 4. Minimum: RM8 Cash upfront: 1. 0.1% 2. Minimum: RM8	1. 3x Cash Collateral, up to 2x Shares Collateral	1. Cash or Cheque at branch. 2. 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.

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