Webull arrived in Malaysia positioning itself as the broker for people who take the US market seriously — deep charting tools, options data, and an aggressive 0% commission push. We looked at whether that positioning holds up, using the same lens we'd apply advising a client on any brokerage platform: regulation first, fees second, features third.
What Is Webull Malaysia?
Webull was founded in the US in 2016 and has since grown into a global brokerage with tens of millions of users across 14+ regulated markets. In Malaysia, it operates as Webull Securities (Malaysia) Sdn Bhd, offering access to Malaysian stocks, US stocks and options, Hong Kong shares, and China A-shares — the latter being a genuinely uncommon offering among Malaysia-regulated brokers, since direct A-share access for foreign investors has historically been restricted.
Is It Regulated and Safe?
Yes. Webull Securities (Malaysia) Sdn Bhd holds a Capital Markets Services Licence (CMSL) issued by the Securities Commission Malaysia under the Capital Markets and Services Act 2007, and is registered as a Participating Organisation of Bursa Malaysia. As with any SC-licensed broker, client assets are covered by the Capital Market Compensation Fund for broker-related default, up to RM100,000 per investor. This is not insurance against your investments losing value — no legitimate broker or regulator anywhere offers that.
2026 Welcome Rewards
Sign up via the BursaNews referral link, deposit RM5,000, and hold it for 60 days to receive RM300 in trading vouchers (3 × RM100). You must originate the sign-up through the referral link itself, since Webull's system attributes the reward at registration.
We've laid out the exact deposit requirements and the full step-by-step flow in our Webull Malaysia sign-up guide.
Fees and Commission Structure
For Malaysian stocks, Webull charges zero commission and zero platform fee for a promotional period (check the in-app pricing page for the current end date, as this has been extended more than once). For US stocks, Webull is running 0% commission until 31 December 2026 — one of the more generous ongoing US-market promotions available from any Malaysia-regulated broker at the time of writing. After promotional periods end, standard low commission rates apply, with no platform fee, no account opening fee, and no inactivity fee.
Key Features Worth Knowing
Fractional Shares and 24-Hour Trading
Webull lets you buy US stocks and ETFs with as little as USD 1, useful if you want to start small or dollar-cost-average into expensive stocks without committing to a full share. It also supports trading outside standard US market hours, which matters for Malaysian investors given the time-zone gap with US regular trading sessions.
Dual Banking and Shariah Filtering
Webull supports both conventional and Islamic banking for deposits, and includes a Shariah-compliance indicator to filter stocks — a genuinely useful feature for investors who need to screen for Shariah-compliant holdings and don't want to cross-reference an external list manually.
Research Depth
Webull's charting and analysis tools (order book depth, analyst ratings, technical indicators) skew toward users who already know what they're looking at. It's a strength for anyone coming from a more advanced trading background, and a bit more of a learning curve for a first-time investor compared to Moomoo's more guided, AI-assisted approach.
Who Should (and Shouldn't) Use Webull
✓ Good fit if you...
- Prioritise US market access and want 0% commission through 2026
- Want China A-share access alongside US and MY markets
- Already have some trading experience and want deeper charting tools
- Need Shariah-compliant stock screening built into the app
✗ Consider alternatives if you...
- Are a complete beginner who wants more guided, AI-assisted research (Moomoo may suit better)
- Only trade Bursa Malaysia and want the single lowest fee (compare Rakuten Trade)
- Can't commit to the RM5,000 / 60-day hold for the full welcome reward
Quick Comparison: Webull vs Moomoo vs Rakuten Trade
| Broker | Best For | Headline Reward | US Stock Commission |
|---|---|---|---|
| Webull | US-focused investors, active traders | RM300 trading vouchers | 0% until Dec 2026 |
| Moomoo | Beginners wanting one all-in-one app | Up to RM1,500 (code BURSA88) | Standard rates |
| Rakuten Trade | Lowest-cost Bursa-only trading | Apple shares | Via IBKR |
For the full side-by-side with every fee tier, see our broker comparison page, or read the dedicated Moomoo vs Webull breakdown.
Our Verdict
Webull Malaysia is a legitimately strong choice for anyone whose portfolio leans US-heavy — the 0% commission window through end-2026 is one of the better ongoing offers in the local market, and the charting depth will appeal to anyone who already knows how to read one. It asks a little more of a first-time investor than Moomoo does, and its welcome reward, while genuine, is smaller in headline terms. Choose based on which market you'll actually trade most, not just which sign-up bonus looks bigger on the page.
Frequently Asked Questions
Is Webull Malaysia safe and regulated?
Yes. Webull Securities (Malaysia) Sdn Bhd holds a Capital Markets Services Licence from the Securities Commission Malaysia and is a Bursa Malaysia Participating Organisation.
How much can I get from Webull Malaysia's welcome reward?
Sign up via the BursaNews referral link and deposit RM5,000 for 60 days to receive RM300 in trading vouchers.
Is Webull Malaysia worth it compared to Moomoo?
Webull's strongest edge is 0% US commission until end-2026 and 24-hour US trading. Moomoo generally offers a larger welcome reward and an AI research assistant better suited to beginners. See our full Moomoo vs Webull comparison.
Does Webull Malaysia charge a platform fee?
No. No platform fee, account opening fee, or inactivity fee. Standard commission applies after promotional 0% periods end.
🚀 Ready to start? Sign up via our referral link and see the exact deposit steps in the Webull Malaysia sign-up guide →
📊 Comparing your options? See the full side-by-side broker comparison →