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 947 comments

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

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

happytrader78

anyone using kenanga?

im using UOB KAY HIAN
quite CHEAP for collateral account, only 0.3%, 0.2%, 0.1% or min RM 8

but would like to explore Kenanga too..
Does anyone know the rate?

2022-09-30 16:50

Up_again

Stopped using Cimb itrade as it is now fully China owned

2022-09-30 17:40

Up_again

Using MBB now

2022-09-30 17:40

Robert Waters

How come there is no iFast here ? It is a brokerage that grows fast.

2023-06-04 11:20

ngyeebin

Anyone know DFAL?Doo Financial Australia Limited?

2023-09-05 22:57

chinvest17

Rakuten Contra Account no longer can buy Structured Warrant from 02 Oct 2023. 0 multiplier no matter how long, even with Jul 2024 expiry.

2023-10-02 18:31

Michie928

Newbie here, is affin hwang is good for starting new acc for invest?

2023-11-17 07:54

KiloGrand

Hi I started my investment journey with AmEquities LYH. Their support team members are responsive and friendly in guiding me to open the trading account.

2023-11-17 12:00

KiloGrand

They provide many benefits too. It is free to open a trading account with them and I can use the MQ Trader Stock Analysis System for free too! That system is quite nice to use and did make my investment journey easier!

2023-11-17 12:02

KiloGrand

As a newbie, if you are interested in their service, you click submit your request to them through this link:
https://sams.i3investor.com/sams/i3/page/am2/personal/ea9770a9497e

Their representative will approach you very soon.

2023-11-17 12:08

caterpie

Thanks @KiloGrand

I have submitted the request and they have contacted me within minutes.

They answered my questions with patience and I have decided to proceed with the account opening with them!

Btw how to get the free MQ Trader System?

2023-11-17 12:19

mohammadfitri

Hi @chinvest, M+ contra account still can buy warrant. Here is my remisier contact number you may check with further details +60 10-222 8313

2023-11-17 12:20

KiloGrand

@caterpie

Once your account is successfully opened with them then you can upgrade to MQ Trader Pro Package by linking your trading acc with your MQ ID.

For the time being, you can visit MQ Trader to explore the system first
https://klse.i3investor.com/mqtrader/app/index

2023-11-17 12:24

caterpie

ohhhh @KiloGrand tq!

2023-11-17 12:24

sink or swim ..

looks like M+Online and amEquities offer cheapest fee . Agree ?

2024-02-14 08:13

Balian de Ibelin

if any feed is delayed even 5 seconds, you will lose a lot of money.
Could be millions of losses over a long span of time.

Cheapest may be good for amateurs. 🤣

For serious traders, the most expensive may be the cheapest. 🤣

2024-02-14 08:17

Balian de Ibelin

besides feed delay.

the early morning queueing is another factor.
Some cheap cheaper cheapest, you will find that your morning queueing, you will always be the last one in the queue.

and each and every day until Jesus comes, you will always be the last one in the queue.

You want cheap mah?
so dun expect people to work hard when you pay them peanuts monkey wages. 🤣

2024-02-14 08:20

DickyMe

"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"
=====================================
It is highly unethical on the brokerage institution to keep mum on fees.
This shows discrimination exist even in financial sectors.
It is unprofessional ethics exercised by the financial institution.
How are they able to lower fees more than 60% from the usual fees after negotiation?
This is criminal act.

2024-02-14 12:08

Balian de Ibelin

could be the Petaling Street branch? 😝 Sounds like discount on fake watches.

2024-02-14 12:26

Alpaca

Anyone know about this campaign? Is this legit? This campaign has free iPad but I could not find elsewhere...

https://klse.i3investor.com/web/moomoo

2 months ago

MQTrader Jesse

Hi Alpaca, this is a special campaign by i3investor x Moo Moo. There are extra gifts available for those sign up Moo Moo trading account through i3investor~

2 months ago

MikeChong80

im now considering moomoo..rm3.99 permonth.. + rm2 for duty stamp + 0.03% x traded amount..

2 months ago

harryliew

I still prefer direct CDS account. Where moo moo account is not direct CDS (nominees account), can't apply for IPO shares and attend AGM directly.

2 months ago

DickyMe

If you are a real investor, you will hold CDS or Direct account instead of Nominee Account.

2 months ago

Ausfird

Hi. Anyone use FSMOne? I have an account there but want to compare with others.

2 months ago

BLee

“Ausfird > Hi. Anyone use FSMOne? I have an account there but want to compare with others.”

Don't know much about FSMOne, but can give my opinion on my 3 IB account.
RHB IB - Good remisier with good advice, commensurate with the higher commission.
Kenanga IB - Direct account where I park my more valuable shares, negotiable commission.
Rakuten - Nominee Account, where I park my low value stocks. Lowest commission, as low as one Ringgit for each Hundred Ringgit upto Seven hundred Ringgit. Very good for parking my spare change whenever available…

2 months ago

krazzyworld

Why is there arent disadvantages highlighted when there is low rating, at least tell us why the broker is bad.

2 weeks ago

newbiedoobie

I'm using Affin einvest and I just deposited rm6000 but why is my trading limit only rm5800?

4 days ago

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