Best Stock Trading Platforms in Malaysia (2026), Compared by Ex-Investment Bankers
Compare Malaysian stock brokers: honest reviews of the brokers we personally use. All SC-regulated. Promotions checked against official terms. No paid rankings.
Looking for a broker because you received an IPO Pink Form? Start with our IPO Pink Form guide, then come back here.
Quick Answer: Which Platform Should You Pick?
For most beginners, Moomoo is the best stock trading platform in Malaysia: one app for Bursa and US stocks, learning tools, 0% commission for 180 days for new users, and rewards from a RM1,000 deposit. If you only trade Bursa, Rakuten Trade has the lowest flat fees. If you mainly trade US stocks, Webull's 0% US commission lasts 365 days.
How We Compare Brokers
This is our editorial view, not an official or industry ranking. Brokers cannot pay to change it. We may earn a commission when you sign up through our links, and we tell you where that applies.
Our #1 pick for beginners is Moomoo, mainly for its all-in-one app and learning tools. If you only trade Bursa and care most about low per-trade fees, Rakuten Trade may suit you better. If you mainly trade US stocks, look closely at Webull. About the founders.
Moomoo: Best for Beginners
BursaNews's #1 pick for beginners. Backed by Futu Holdings, Moomoo gives retail investors research tools, Moomoo AI, free real-time market data and access to MY, US, HK and SG markets in one app.
- Standard welcome rewards up to RM1,500, deposit-tiered (campaign until 31 Dec 2026)
- 180-day commission-free card for new users (MY, US, HK, SG, China A)
- Moomoo AI: answers all your investing questions
- Free real-time market data (MY & US)
- Trade MY, US, HK, SG stocks in one app
- Regulated by Securities Commission (SC) Malaysia
- Bursa IPO subscription via a separate CDS Account-IPO, RM0 application fee
- Fully digital onboarding with eKYC
Reward tiers verified on 4 Oct 2026 against Moomoo's help centre. The BURSA88 bonus (extra Apple shares worth RM50 at a RM1,000 first deposit, RM100 at RM10,000) is BursaNews's partner arrangement. T&Cs apply.
Webull: Best for US Stocks
A modern, feature-rich platform with zero platform fees, and 0 commission on US stocks for 365 days for new users. Strong for investors who want US market access alongside Bursa.
- RM300 trading vouchers for a RM5,000 net deposit held 60 days (until 31 Oct 2026)
- 0 commission on US stocks for 365 days (new users)
- Bursa stocks at 0.05% commission, RM0 platform fee
- US fractional shares from just USD1
- 24-hour US stock trading available
- Regulated by Securities Commission (SC) Malaysia
Rakuten Trade: Best for Low Bursa Fees
A low-cost option for Bursa trading. A JV between Rakuten Securities Japan and Kenanga IB, with flat, capped Bursa brokerage from RM1 and fully digital account opening.
- Flat Bursa brokerage: RM1 up to RM100, RM2.88 up to RM9,999.99
- CDS account opening fee listed as free
- RT Points: earn from brokerage fees, offset future trades
- Accounts usually activated within about 1 hour of a successful submission (per Rakuten Trade)
- Free live market data, no subscription required
- Regulated by Securities Commission (SC) Malaysia
The earlier NVDA share Welcome Campaign ended on 30 Sep 2026.
Rakuten Trade referral code & fees →Side-by-Side Comparison
All three are SC-regulated. The right choice depends on your goals.
📖 Read our full Moomoo vs Webull breakdown →| Moomoo | Webull | Rakuten Trade | |
|---|---|---|---|
| Welcome Reward | Up to RM1,500 standard, until 31 Dec 2026 | RM300 vouchers until 31 Oct 2026 | RM0 first Bursa trade no share reward listed |
| How to Claim | Code BURSA88 | BursaNews referral link (no code) | Link or code BURSA88 |
| Min. Deposit for Reward | RM1,000 (60 days) | RM5,000 (60 days) | None (first trade within 30 trading days) |
| Bursa Commission | 0% for 180 days (new users) | 0.05% of trade amount | RM1 (≤RM100), RM2.88 (≤RM9,999.99) |
| US Stocks | ✓ (0% for 180 days, new users) | ✓ (0% for 365 days, new users) | ✓ |
| CDS / IPO | Separate CDS Account-IPO for IPOs | Nominee account at sign-up; ask about IPOs | CDS set up at registration; opening fee free |
| AI Tools | ✓ Moomoo AI | Not offered | Not offered |
| Best For | Beginners + active traders | US stocks + low fees | Bursa-focused, low flat fees |
| Full Guide | Guide → | Guide → | Guide → |
← Swipe to see all 3 brokers →
Last verified: 9 October 2026 against each broker's official website. Promotions change; check the broker's latest terms before signing up.FAQ
Which is the best stock trading platform in Malaysia?
For most beginners, Moomoo: one app for Bursa and US stocks, learning tools, 0% commission for 180 days for new users and rewards from a RM1,000 deposit. Rakuten Trade suits Bursa-only investors who want low flat fees, and Webull suits investors who mainly trade US stocks.
Are Moomoo, Webull and Rakuten Trade safe?
Yes. All three are licensed by the Securities Commission Malaysia, and client assets are covered by the Capital Market Compensation Fund up to RM100,000 per investor if the broker fails. This does not protect you from investment losses.
Which broker has the lowest Bursa fees?
Rakuten Trade, with flat brokerage of RM1 for trades up to RM100 and RM2.88 up to RM9,999.99. New Moomoo users pay 0% commission for the first 180 days. Webull charges 0.05% of the trade amount.
Which broker is best for Bursa IPOs?
Check the CDS arrangement first. Moomoo uses a separate CDS Account-IPO opened in the app, Rakuten Trade sets up a CDS account at registration, and Webull uses a nominee account, so ask Webull about IPOs before you rely on it.
Can I open accounts with more than one broker?
Yes. Many investors use one broker for Bursa and another for US stocks. Each broker you open with gives you a separate CDS account.
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