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

* 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.

Discussions
44 people like this. Showing 50 of 921 comments

MrBorneo26

Post removed.Why?

2020-12-15 01:32

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

2020-12-15 07:41

jeffchan1901

* 0.q5% = 0.15% sorry phone is acting up.

2020-12-15 07:42

azruddiey

Any Maybank Remisier here, kindly PM me.

2020-12-20 22:15

TheGardener

May I know the best broker rate for future please? please kindly share your info.

2020-12-23 20:59

ipunk

want open Mplus but no BSN bank option

2021-01-06 10:33

farique88

May I know the best broker rate for global trade account please? please kindly share your info and suggestion...

2021-01-06 14:17

raslandin99

I have been using rakuten trade for more than a years. Trading can be executed almost immediately. Love it

2021-01-07 15:22

holihom

any good remisier recommend in Affin hwang Penang

2021-01-20 12:21

ABSBOSS

@raslandin99 but the platform tak meriah like others..Im using rakuten only to trade..monitoring using rhbtradesmart..

2021-01-24 21:41

_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

2021-02-24 16:29

MrBorneo26

Post removed.Why?

2021-02-27 01:25

MrBorneo26

Post removed.Why?

2021-02-28 21:05

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

2021-03-14 15:21

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?

2021-03-15 23:47

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.

2021-03-16 02:25

kelvinchow

may i know which broker real time chart is suited for intraday trading?

2021-03-23 09:44

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?

2021-03-30 12:18

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

2021-04-03 13:39

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?

2021-04-06 23:27

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

2021-04-07 14:05

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?

2021-04-16 17:55

MrBorneo26

Post removed.Why?

2021-04-30 07:04

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.

2021-06-05 15:19

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?

2021-06-12 15:01

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

2021-06-22 17:11

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?

2021-07-11 14:42

Bgt 9963

Post removed.Why?

2021-07-12 08:48

Noni

I would avoid "bank-backed" broker. Too many hidden restrictions.

2021-07-26 00:08

Bgt 9963

Post removed.Why?

2021-07-26 08:41

msbr91

@Noni May I know what is the hidden restrictions you have encountered before?

2021-07-29 20:51

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?

2021-08-22 19:22

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?

2021-08-22 19:29

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.

2021-08-23 14:49

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 :)

2021-08-27 13:59

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.

2021-09-03 10:15

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

2021-09-14 23:09

Bursa's Wall Street

Post removed.Why?

2021-09-28 12:32

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.

2021-10-31 06:28

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?

2021-11-05 09:32

Harvey_Ng

Anyone is using Ambank's Amequities? It seems to be good rate trading above 10k

2021-11-14 20:24

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

2021-12-12 11:19

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.

2021-12-12 11:29

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.

2022-01-02 21:44

NKH123

Can I check if SST still applies for each transaction in 2022

2022-01-06 10:21

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.

2022-01-08 17:47

normanash

Kentrade oledi accept online tanfer for fund topup now..

2022-01-16 17:01

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?

2022-02-05 15:05

redhotpepper

UobKAYHIAN and M+, which brokerage is better, in term of remisier support?

2022-03-06 09:59

sensonic

Post removed.Why?

2022-06-18 22:55

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