Best Share Trading Malaysia Platforms to Use in 2026

If you’re wondering how to buy shares in Malaysia, you’re in the right place. The line-up of the best share trading platforms in Malaysia has changed dramatically since the days when your only real choice was a bank-backed broker. In 2026, Malaysian investors can pick from established bank brokers and a new wave of low-cost digital players — moomoo MY, Webull and Interactive Brokers — several of which now charge little or no brokerage on Bursa Malaysia trades.

Choosing the right platform gives you access to real-time data, charting tools, foreign-market access and risk-management features, all of which affect your returns. This guide compares the top Malaysian share trading platforms for 2026 — their features, real costs, pros and cons — and shows you exactly what you pay per trade once brokerage, clearing fees, stamp duty and SST are added up. If you’re brand new, start with our beginner primer on how to invest in stocks.

How do you buy shares in Malaysia?

Understanding share trading platforms

A share trading platform is the online gateway that lets you buy and sell stocks, ETFs and REITs listed on Bursa Malaysia (and, with many brokers, foreign markets too). To trade Malaysian shares you actually need two linked accounts: a trading (brokerage) account that executes your orders, and a Central Depository System (CDS) account that holds the shares in your name. Bank-backed brokers and the newer digital brokers both give you real-time quotes, research tools and order types — the difference is largely in cost, app quality and how many foreign markets you can reach from one login.

Why choosing the right platform matters

Before you settle on a platform, weigh your goals, risk tolerance and trading style against each broker’s brokerage fees, minimum charge per trade, usability, customer service, research tools and — crucially — regulation. Every legitimate Malaysian broker is licensed by the Securities Commission Malaysia and is a Participating Organisation of Bursa Malaysia. A frequent trader buying small lots should obsess over the minimum fee per trade; a buy-and-hold investor cares more about reliability and research. Match the platform to how you actually invest and you’ll keep more of your gains.

The best share trading platforms in Malaysia (2026)

We’ve split the field into two groups: the newer digital-first brokers that have reset pricing lower, and the established bank-backed brokers that still dominate by traded value and offer branch support.

New-wave digital brokers:

1. moomoo MY: Ultra-low fees (RM3 platform fee + 0.03%), pro-grade app, fractional US shares.
2. Webull Malaysia: RM0 brokerage on Bursa (regulatory fees only) plus zero-commission US stocks.
3. Rakuten Trade: Malaysia’s first fully digital broker; from RM1, with 0% brokerage on your first RM1,000 of shares each month.
4. Interactive Brokers (IBKR): Bursa plus 150+ global markets from one account; low tiered commissions for serious investors.

Established bank-backed brokers:

5. M+ Online (Malacca Securities): Low 0.05%–0.08% rates with strong global-trading tools.
6. AmEquities: Single account for local and international trades with GTD orders.
7. HL e-Broking (Hong Leong): Seamless banking integration and multi-currency settlement.
8. Affin Hwang eInvest Go: Fully online sign-up from as low as 0.05% (min RM5).
9. RHB Trading: Loyalty rewards and access to the top global exchanges.
10. Alliance Bank Trading: Conventional and Shariah accounts with margin financing.
11. Public Bank Trading: Established, beginner-friendly, strong branch support.
12. Maybank: Extensive research and foreign-market access from a trusted bank.

Share trading platforms in Malaysia compared (2026)

Rates verified July 2026. Fees change often and promotions expire — always confirm the current rate on the broker’s official page before you trade.

Read more: Top 24 Largest Companies in Malaysia and the best REITs in Malaysia for dividend income.

New-wave digital brokers

moomoo MY

moomoo arrived in Malaysia as Moomoo Securities Malaysia Sdn Bhd, holding a Capital Markets Services Licence (CMSL No. eCMSL/A0397/2024) from the Securities Commission Malaysia and operating as a Participating Organisation of Bursa Malaysia. It quickly became one of the most talked-about platforms among Malaysian retail investors thanks to aggressively low fees and a genuinely professional-grade app with Level 2 data, advanced charting and a large in-app community.

Trading account options and fees

For Bursa Malaysia trades, moomoo charges a flat RM3 platform fee per order plus a 0.03% commission. Better still, the commission is typically waived for the first six months after account opening, so you effectively pay just the RM3 platform fee. US shares are cheap too, with fractional buying from as little as US$5 across hundreds of eligible stocks. As with all brokers, you still pay the standard clearing fee and stamp duty, and an 8% SST now applies to commission, platform and clearing fees.

✅ Pros

• Among the lowest all-in costs for Bursa and US trades in Malaysia.
• Powerful app: real-time Level 2 data, advanced charts, screeners and paper trading.
• Fractional US shares from US$5 make diversification affordable.
• Strong educational content and an active investor community.
• SC-licensed and a Bursa Participating Organisation.

❌ Cons

• Newer local track record than the incumbent bank brokers.
• The feature-rich app can overwhelm total beginners at first.
• Headline promotions (fee waivers, welcome rewards) are time-limited — check current terms.
• App-first experience; less of a traditional desktop/branch offering.

Webull Malaysia

Webull operates locally as Webull Securities (Malaysia) Sdn Bhd, having secured a Capital Markets Services Licence from the Securities Commission Malaysia in April 2024, and is a Participating Organisation of Bursa Malaysia. Its headline pitch is simple: zero platform fees and zero brokerage commission on Bursa Malaysia stocks — you pay only the unavoidable regulatory charges (clearing fee and stamp duty).

Trading account options and fees

On Bursa Malaysia, Webull charges RM0 brokerage and RM0 platform fee; your only costs are the 0.03% clearing fee and 0.1% stamp duty that every broker must collect. For US stocks and ETFs, Webull is running 0 commission until 31 December 2026. That makes it one of the cheapest ways to trade both Malaysian and US shares from a single app — just remember to confirm the fee schedule once any promotional period ends.

✅ Pros

• Genuinely RM0 brokerage on Bursa trades (regulatory fees only).
• Zero-commission US stocks and ETFs through end-2026.
• Bursa and US markets in one app, with fractional US shares.
• Advanced charting and analytics for a free platform.
• SC-licensed and Bursa-regulated.

❌ Cons

• Pricing is promotion-driven — verify what applies after promo windows end.
• Newer entrant with a shorter local history.
• App-centric; lighter local research than the big banks.
• Fewer foreign markets than a global broker like IBKR.

Interactive Brokers (IBKR)

Interactive Brokers added Malaysian Ringgit-denominated Bursa Malaysia equities and ETFs to its platform in August 2024, letting Malaysian investors trade local shares alongside global stocks, options, futures, bonds and funds from a single unified account. You can open an IBKR account if you have Malaysian citizenship or tax residency, and the broker handles currency conversion automatically between your base currency and the Ringgit.

Trading account options and fees

IBKR is built for cost-efficiency at scale, with low tiered or fixed commission plans and famously tight FX and margin costs. Its real edge is breadth: 150+ markets across the world from one login, plus professional tools like Trader Workstation. For a Malaysian who wants Bursa and serious global exposure without juggling multiple brokers, IBKR is hard to beat — though its depth comes with a steeper learning curve.

✅ Pros

• Widest global market access of any broker available to Malaysians.
• Low commissions plus market-leading FX and margin rates.
• Professional-grade platform (TWS) and order types.
• Strong international regulation and financial stability.

❌ Cons

• Platform complexity can intimidate first-time investors.
• No local branch network or Malaysian bank integration.
• Overkill if you only ever plan to trade Bursa stocks.
• Funding and FX steps add friction versus a local FPX top-up.

Rakuten Trade

Rakuten Trade was Malaysia’s first fully digital stockbroker when it launched in 2017, giving investors app- and web-based access to Bursa Malaysia stocks, ETFs and REITs — plus US and Hong Kong markets. Its low, transparent pricing and RT reward points made it the go-to low-cost broker for a generation of local investors, and it remains a strong all-rounder in 2026.

Trading account options and fees

Rakuten Trade uses a flat, tiered brokerage structure that starts from just RM1 and caps at RM100 for the largest local trades. Under its current pricing, you pay 0% brokerage on the first RM1,000 of shares you buy each calendar month, then 0.10% (minimum RM8) beyond that. Cash Upfront, Dual and Combo (margin) account types are available. As with every broker, clearing fees, stamp duty and SST apply on top, so check the latest schedule on Rakuten Trade’s fees page before you trade.

✅ Pros

• One of the lowest and most transparent fee structures in Malaysia.
• Fully digital account opening and funding via FPX.
• RT reward points earned on brokerage fees.
• Access to US and Hong Kong markets alongside Bursa.
• Well-established digital-broker track record since 2017.

❌ Cons

• Customer support can lag during busy trading periods.
• Fewer advanced order types than pro platforms.
• Foreign coverage limited mainly to the US and Hong Kong.
• Occasional platform load during high-volume sessions.

Established bank-backed brokers

M+ Online (Malacca Securities)

M+ Online, run by Malacca Securities, is a long-standing Bursa Participating Organisation known for low brokerage among the bank-style brokers. Its platform works across web and mobile, with the charts, reports and tools active traders expect, plus access to global markets. Margin (collateralised) accounts give more experienced traders extra buying power.

Trading account options and fees

M+ Online charges roughly 0.08% for trades under RM50,000 and 0.05% above that, subject to a RM8 minimum per contract, with intraday rates around 0.05%. Collateralised accounts and GTD (good-till-date) orders are supported, and dividends are paid on the exact payment date. It remains one of the most cost-effective established brokers for regular Bursa traders.

✅ Pros

• Competitive rates from a well-established Participating Organisation.
• Direct account with IPO access and exact-date dividend payment.
• Beginner-friendly account management.
• Real-time market data and global-market access.

❌ Cons

• Cost advantage narrows for very small trades (RM8 minimum).
• Less liquid counters can see wider spreads.
• Interface feels dated next to the newest digital apps.
• Requires a stable internet connection for smooth trading.

AmEquities

AmEquities, the online trading platform of AmInvestment Bank Berhad, gives Malaysian investors a single trading account for both local and international trades. The web and mobile platforms offer real-time quotes, charts, order placement, push notifications for matched orders, consolidated statements and research reports. Its FIS online-trading function reaches international exchanges including the SGX, NYSE and NASDAQ.

Trading account options and fees

AmEquities gives traders access to Bursa Malaysia through one account at a competitive rate of around 0.05% (minimum RM8), with various order types including GTD orders and account-management tools. Standard clearing fees, stamp duty and SST apply on each contract.

✅ Pros

• Comprehensive, customisable layouts and multi-view dashboards.
• Real-time quotes, charts, order placement and news on web and app.
• Access to both domestic and international market trading.
• Research papers and consolidated statements available.
• Multiple order types and account-management options.

❌ Cons

• Self-directed model with limited personal broker guidance.
• Internet-dependent, like all online platforms.
• Interface less polished than newer digital brokers.

HL e-Broking (Hong Leong)

HL e-Broking, Hong Leong Investment Bank’s online trading platform, launched in 2005 and integrates share trading tightly with Hong Leong banking. It offers cash, collateralised and Islamic accounts, foreign trading across selected countries and high interest on credit balances in the HLIB trust account.

Trading account options and fees

HL e-Broking brokerage starts from around 0.10% or RM8, and there are typically no transfer-in costs for traders moving from another broker. Account choices span Money Trade, Edge Trading and Islamic Trading, with foreign trades in up to six countries and multi-currency settlement.

✅ Pros

• Advanced charting and technical-analysis tools.
• Foreign and multi-currency settlement across six countries.
• High interest on credit balances in HLIB trust accounts.
• Immediate trade confirmation via email.
• Zero transfer-in costs and competitive brokerage.

❌ Cons

• Frequent trading can raise total costs depending on volume.
• Best value for existing Hong Leong customers.
• Depth-of-market data is more limited than pro platforms.
• Research skews technical over fundamental.

Affin Hwang Investment Bank (eInvest Go)

Affin Hwang Investment Bank‘s eInvest Go is a fully online, non-face-to-face platform for opening and running a Bursa Malaysia trading account. It offers stocks, ETFs and REITs, with cash, margin and Islamic account options, and 24-hour online access from anywhere.

Trading account options and fees

eInvest Go brokerage fees start as low as 0.05%, or a minimum of RM5 per trade — one of the lowest minimum charges among bank-backed brokers, which helps if you trade in smaller sizes. A one-time RM10 CDS-account levy from Bursa Malaysia Depository applies when you open the account.

✅ Pros

• Beginner-friendly, fully online sign-up and integrated banking.
• Diversified access to stocks, ETFs and REITs.
• Live rates and a premium stock screener (Morningstar).
• Research and analysis resources included.
• Regulated by the Securities Commission Malaysia.

❌Cons

• Fewer collaborative/social trading features.
• Lighter on advanced trading tools than pro platforms.
• Limited international-market access.
• Some users report slower customer-service response.

RHB Trading Account

RHB Trading, from one of Malaysia’s largest banks, lets customers trade stocks and other securities across Bursa Malaysia, SGX, AMEX, NYSE and NASDAQ. Its flexible account options and loyalty rewards make it a solid all-round choice, particularly for existing RHB customers.

Trading account options and fees

RHB offers both online and offline trading. Its TradeSmart tiers carry higher headline rates (around 0.42% below RM100k and 0.21% above, minimum RM8–RM12), offset by rewards: you earn 1 SmartPoint per RM1 of brokerage, redeemable for BIG Points, RHB Rewards, market-depth data or Touch ‘n Go eWallet credit. Program trading supports stop-loss, conditional-limit, GTD and GTO orders.

✅ Pros

• Educational resources and research support.
• Mobile trading for on-the-go monitoring.
• Access to local and international exchanges.
• Reliable customer support.
• Customisable trading preferences and loyalty rewards.

❌Cons

• Inactivity fees can apply over time.
• Headline brokerage rates are higher than digital brokers.
• Limited customer-support hours.
• Advanced tooling is more restricted than pro platforms.

Alliance Bank Trading Account

Alliance Bank Trading offers access to Bursa Malaysia with a minimum brokerage of RM12 and rates of 0.15%–0.29% for amounts under RM100,000 and 0.15% above. It supports conventional and Shariah accounts, collateralised accounts with high trading multipliers, and a foreign-share account, all from a single login.

Trading account options and fees

Choose from online cash-upfront accounts (hassle-free, minimal brokerage), collateralised accounts for extra buying power, and Flexi accounts that give you more time to settle. Standard clearing fees, stamp duty and SST apply.

✅ Pros

• IPO access to participate in new listings.
• Diverse options: equities, bonds and derivatives.
• Trade anywhere with internet access.
• Real-time market data for monitoring and analysis.
• Secure and regulated bank subsidiary.

❌Cons

• Higher brokerage than the digital brokers.
• Minimum-fee threshold can deter very small trades.
• Limited global-market access.
• Fewer advanced features for complex strategies.

Public Bank Trading Account

Public Bank offers a full-featured trading account with access to a range of products and the reassurance of one of Malaysia’s most established banks. It suits beginners who value branch support and integrated banking.

Trading account options and fees

Public Bank’s brokerage sits at the higher end, with a minimum of around RM12 (from about 0.10%), and it accepts payment via direct banking through M2U or PBe. Cash-upfront transactions settle once you fund the account, and brokerage is deducted from each transaction.

✅ Pros

• Integrated banking, financing and advisory services.
• Beginner-friendly layout and navigation.
• Personalised customer service and guidance.
• Diverse investment choices including stocks and ETFs.
• Strong, well-established banking reputation.

❌Cons

• Limited advanced/algorithmic trading features.
• Brokerage less competitive than digital brokers.
• Limited international-market access.
• Fewer funding/payment options.

Maybank

Maybank, Malaysia’s largest bank, offers a trusted trading platform with extensive research and broad foreign-market access. It’s a natural choice for investors who already bank with Maybank and want everything under one roof.

Trading account options and fees

Maybank offers cash trading and collateralised accounts. Online brokerage starts from around 0.08% (minimum RM8), and its platform supports local and foreign trading across SGX, NYSE, NASDAQ and HKSE. As always, clearing fees, stamp duty and SST are added on each contract.

✅ Pros

• Wide range of investment products from a leading bank.
• Extensive research tools and market insights.
• Local and foreign trading with mobile support.
• Security and reliability backed by a major bank.
• User-friendly interface.

❌Cons

• Account opening can require meeting certain thresholds.
• Reliant on Maybank’s systems during outages.
• Brokerage less competitive than digital brokers.
• Mobile app is lighter than the web platform.

Understand your true trading costs (2026)

The headline brokerage rate is only part of what you pay. Every Bursa Malaysia trade also carries fixed regulatory charges, and since 2025 a service tax applies to broker fees. Here’s the full picture, verified for July 2026:

Worked example — a RM10,000 Bursa trade: At a 0.10% broker you’d pay roughly RM10 brokerage + RM3 clearing (0.03%) + RM10 stamp duty (0.1%) = about RM23 before SST. On Webull, brokerage is RM0, so the same trade costs only the RM3 clearing + RM10 stamp duty ≈ RM13. Over hundreds of trades a year, that gap compounds — which is exactly why the minimum fee per trade matters more than the headline percentage for active investors. For a deeper dive into after-tax investing, see our guide to taxable brokerage accounts. You can always cross-check the official schedule on the Bursa Malaysia transaction costs page.

How to buy shares in Malaysia and open a brokerage account

Opening a Malaysian brokerage account comes down to six practical decisions.

1. Type of account

You need two linked accounts: a brokerage (trading) account that buys and sells for you, and a CDS account that records your share ownership. Digital brokers like moomoo, Webull and Rakuten Trade bundle both into a fully online sign-up; bank brokers may involve a branch step. Decide too between a cash-upfront account (simplest, lowest fee) and a collateralised/margin account (more buying power, more risk).

2. Market access

If you only want Bursa Malaysia shares, almost any broker works. If you also want US, Hong Kong or Singapore stocks, check that upfront — moomoo, Webull, IBKR and Rakuten Trade all offer foreign markets, but coverage and FX costs differ. Before you know the exchanges, it helps to understand Bursa trading hours and how they overlap with foreign sessions.

3. Types of investments

Match the instrument to your goal: stocks for growth (with volatility), bonds for stability, ETFs and mutual funds for instant diversification, and REITs for income. Dividend-focused investors often pair a broker with a shortlist of high-dividend Malaysian stocks or blue chips. Diversification across asset types remains the simplest way to manage risk.

4. Stockbrokers & support

Decide how much hand-holding you want. Full-service bank brokers offer research, advisers and branch support; digital brokers are self-directed but cheaper and app-first. Neither is “better” — it depends on whether you value guidance or cost more.

5. Accessibility

Most trading is now app-based, with real-time data and instant execution. If you still value phone or in-person dealing, a bank broker adds that option. Test each platform’s app before committing real money.

6. Fees

Compare the all-in cost — brokerage, minimum per trade, clearing, stamp duty and SST — against how often you trade. A frequent small-lot trader should prioritise a low minimum (Webull’s RM0, moomoo’s RM3); a large-lot, buy-and-hold investor cares less about the minimum and more about reliability and research.

How to choose the right platform for you

Rather than chasing the single “best” broker, match the platform to your investor profile:

• Total beginner, small amounts: moomoo MY or Webull for the lowest costs and easy apps; Rakuten Trade if you want a well-worn local option.
• Active trader who buys small lots often: prioritise the lowest minimum fee — Webull (RM0) or moomoo (RM3) — so per-trade costs don’t eat your edge.
• Global investor: Interactive Brokers for 150+ markets, or moomoo/Webull if you mainly want Bursa plus the US.
• Prefer a bank relationship: Maybank, Public Bank, RHB or HL e-Broking, especially if you already bank there and want branch support.
• Shariah-compliant investing: Alliance Bank, HL e-Broking and Affin Hwang all offer Islamic accounts.

Common mistakes to avoid

• Fixating on the headline rate: a 0.05% rate with a RM8 minimum is worse than moomoo’s RM3 for small trades. Always check the minimum.
• Ignoring the “free” fine print: zero-commission promos have end dates and conditions — confirm what you’ll pay after the promo window.
• Forgetting regulatory costs: even RM0-brokerage trades still incur clearing fee, stamp duty and (now) SST.
• Overlooking foreign-exchange costs: trading US or HK shares means FX conversion; a poor rate can dwarf the commission you saved.
• Chasing promotions over fit: a welcome bonus is nice, but reliability, regulation and the markets you need matter far more long-term.
• Skipping regulation checks: only trade with brokers licensed by the Securities Commission Malaysia and listed as Bursa Participating Organisations.

Conclusion

For anyone learning how to buy shares in Malaysia, 2026 is the best time yet to start — competition has pushed brokerage costs to near zero. If low cost is your priority, Webull (RM0 Bursa brokerage) and moomoo (RM3 flat) lead the pack, while Rakuten Trade remains a dependable digital all-rounder and Interactive Brokers wins for global reach. If you value branch support, research and a banking relationship, the established brokers — Maybank, Public Bank, RHB, HL e-Broking, Affin Hwang, AmEquities, Alliance Bank and M+ Online — still deliver.

Whichever you choose, confirm the platform is regulated by the Securities Commission Malaysia, weigh the all-in cost against how often you trade, and make sure it reaches the markets you care about. Fees and promotions were verified in July 2026 but change frequently — always confirm the latest rates on the provider’s official page before you trade.

Disclaimer: This article is provided by KayaToday for general information and education only and is not financial advice. Investing carries risk, including loss of capital. Do your own research and consider consulting a licensed financial adviser before making any investment decision.

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