The best trading app Malaysia has to offer in 2026 depends on what you trade and how often. For most Malaysian retail investors, moomoo Malaysia is the strongest all-round choice: it is licensed by the Securities Commission (SC), covers Bursa Malaysia plus US, Hong Kong, Singapore and China A-shares in one account, and charges 0.03% on Bursa trades with no minimum deposit. Rakuten Trade is the pick for pure Bursa investors who want low flat fees, Webull for commission-free US stocks, Tiger Brokers for a mobile-first multi-market app, Interactive Brokers for high-volume global traders, and Luno for SC-regulated crypto. Below we break down fees, features, minimum deposits and regulation for each.
How We Compared These Apps
Every app on this list is assessed on four things Malaysian investors actually care about: regulation, cost, market access and usability. We prioritised platforms regulated by the Securities Commission Malaysia (SC), because that is what determines whether your assets sit under Malaysian oversight and whether you have any local recourse. We treated fees as ranges because broker promotions and pricing pages change frequently, and because statutory charges — Bursa clearing fees and stamp duty — apply on top of a broker’s own commission at every firm.
Two costs show up at every broker on Bursa Malaysia trades, and it is easy to miss them when comparing apps. First, a clearing fee of 0.03% (capped at RM1,000 per contract), charged by Bursa. Second, stamp duty of RM1 per RM1,000 of contract value (capped at RM1,000, or RM200 for certain instruments such as ETFs, REITs and warrants). These are government and exchange charges, not broker fees, so a “0% commission” offer still leaves you paying them.
Best Trading Apps in Malaysia: Comparison Table
| App | Regulator / Licence | Bursa fee | US stocks fee | Min deposit | Markets | Best for |
|---|---|---|---|---|---|---|
| moomoo Malaysia | SC (CMSL), Bursa PO | 0.03% (min RM3) | USD0.0049/share (min USD0.99) | RM0 | MY, US, HK, SG, CN A-shares | Best all-round |
| Tiger Brokers | SC (CMSL), Bursa PO* | 0.05% (min RM3) | USD0.0049/share (min USD0.99) | RM0 | MY, US, HK, SG, ASX | Mobile-first multi-market |
| Rakuten Trade | SC (restricted CMSL) | RM1–RM100 tiered (see below) | 0.10% (min USD0.88, max USD25) | RM0 | MY, US, HK | Low-cost Bursa |
| Webull Malaysia | SC (CMSL) | Brokerage applies | $0 commission (promo) + $0 platform fee | RM0 | MY, US, HK, CN A-shares | Commission-free US |
| Interactive Brokers | Not SC-licensed (US, offshore) | 0.08% (min MYR12) | USD0.005/share (min USD1), tiered lower | USD0 | Global (150+ markets) | High-volume global |
| Luno | SC (RMO-DAX) | — | — | RM1 | Crypto (BTC, ETH, SOL and more) | Regulated crypto |
Fees are indicative and change with promotions. Statutory Bursa clearing (0.03%, capped RM1,000) and stamp duty (RM1 per RM1,000) apply on top at every broker. Verify current pricing on each broker’s official page before trading. *See the Tiger Brokers note below on regulatory status.
1. moomoo Malaysia — Best All-Round Trading App
moomoo Securities Malaysia Sdn Bhd holds a Capital Markets Services Licence (CMSL) from the Securities Commission Malaysia and is a Participating Organisation of Bursa Malaysia, which makes it one of the few global digital brokers with a full local licence. It consistently ranks among Malaysia’s most-downloaded finance apps and offers a genuinely useful all-in-one: Malaysian, US, Hong Kong, Singapore and China A-share stocks, plus options, from a single account.
On Bursa, moomoo charges 0.03% brokerage with a RM3 minimum, which undercuts Tiger Brokers (0.05%) and Rakuten Trade on most trade sizes above the free threshold. New users often get 0% commission on Bursa trades for the first 180 days as a promotional offer, which is a meaningful runway for a new investor to build a position before fee drag kicks in. For US stocks, moomoo charges USD0.0049 per share with a USD0.99 minimum per order, a rate matched by Tiger Brokers.
There is no minimum deposit to open or fund an account, and the platform includes a full web interface as well as a polished mobile app. The main caveat: moomoo has run promotional US commission structures and may apply a small annual custody fee on non-Bursa holdings depending on the current schedule, so check the in-app pricing page before you assume your total cost. Deposit is via FPX and bank transfer in ringgit, with in-app currency conversion to USD at a spread of roughly 0.3–0.5%.
2. Tiger Brokers — Best Mobile-First Multi-Market App
Tiger Brokers entered Malaysia around 2021–2022 and positions itself as the multi-market alternative for investors who want US and Hong Kong exposure without a third-party fund wrapper. Its Malaysian entity, Tiger Brokers (Malaysia) Sdn Bhd, is reported to hold a Capital Markets Services Licence and Bursa Participating Organisation status; however, independent checks of the SC public register have returned inconsistent results, so verify its current licence on the SC Investment Checker before opening an account. This is exactly the kind of detail worth confirming yourself rather than trusting a comparison table.
Its fee structure is straightforward and slightly above moomoo on Bursa: 0.05% brokerage with a RM3 minimum. US stocks cost USD0.0049 per share with a USD0.99 minimum, and Hong Kong stocks cost 0.06% with a HKD15 minimum. Market access spans Bursa Malaysia, NYSE, NASDAQ, HKEX, SGX and ASX.
The defining trade-off is that Tiger Brokers is mobile-first: as of 2026 there is no web trading platform, so desktop-reliant investors will find it limiting. In exchange you get a clean app, real-time data and a social community feed that newer investors often like for seeing what others are discussing. Minimum deposit is RM0.
3. Rakuten Trade — Best Low-Cost Bursa Broker
Rakuten Trade is Malaysia’s first fully digital broker and the natural home for investors who primarily buy and hold Bursa-listed stocks. It holds a restricted CMSL from the SC and is known for transparent flat and tiered pricing rather than percentage-only commissions. Its Bursa brokerage is tiered: RM1 flat for trades below RM100, RM2.88 for RM100.01–RM9,999.99, 0.10% for RM10,000–RM99,999.99, and RM100 flat above RM100,000.
That structure makes small and mid-sized Bursa trades unusually cheap, and Rakuten has added US and Hong Kong markets so you can own stocks like Apple or Tencent in MYR, USD or HKD from the same account. US trades cost 0.10% with a USD0.88 minimum and USD25 maximum; Hong Kong trades cost 0.10% with a HKD35 minimum. A ringgit-settled US trade is convenient for investors who want to avoid managing a foreign-currency balance.
Rakuten also runs a contra-trading account and loyalty points (RT Points) that can offset brokerage, plus a web platform alongside its app. Minimum deposit is effectively RM0. One thing to watch: from 1 October 2025 an 8% Sales and Services Tax applies to brokerage and clearing on selected asset classes (ETFs, REITs, rights, warrants and structured warrants), and ordinary share brokerage is SST-exempt — a detail that matters if you trade those instruments heavily.
4. Webull Malaysia — Best for Commission-Free US Stocks
Webull Securities (Malaysia) Sdn Bhd holds a CMSL (licence eCMSL/A0399/2024) from the Securities Commission Malaysia, and its pitch is simple: US$0 commission and US$0 platform fee on US stocks and ETFs (a promotional offer typically framed as free for the first year), plus US options at USD0.35 per contract with no platform fee. It also offers Malaysian, Hong Kong and China A-share markets, and 24/5 trading on US stocks.
The zero-commission headline is real but time-limited, so treat it as a promotional rate rather than a permanent price. When the promo lapses, Webull’s standard US stock commission is a low percentage — historically around 0.025–0.05% during past discount windows — so even its paid rate is competitive. Regulatory and exchange fees still apply on top of any zero-commission offer.
Webull is a subsidiary of Webull Corporation (NASDAQ: BULL) and markets itself heavily to self-directed investors who want a sleek, feature-dense app. If your strategy is buying US equities and ETFs regularly and you are happy to re-check pricing when a promotion ends, Webull is hard to beat on cost.
5. Interactive Brokers — Best for High-Volume Global Traders
Interactive Brokers (IBKR) is the outlier on this list because it is not licensed by the Securities Commission Malaysia. Malaysian residents are onboarded to Interactive Brokers LLC in the United States, so your account sits under US regulation (FINRA/SEC) and your securities are covered by SIPC protection up to USD500,000 (including USD250,000 cash). There is no local Malaysian regulatory recourse, which is the main trade-off.
In exchange you get the widest global access of any retail broker — roughly 150 markets including US, Europe and Asia — plus some of the lowest costs for active traders. US stocks cost USD0.005 per share (USD1 minimum) on fixed pricing, or as little as USD0.0035 per share on the tiered plan, with no inactivity fee and no minimum deposit. Interactive Brokers also lists Bursa Malaysia shares, with Malaysian stock commission around 0.08% and a MYR12 minimum.
IBKR is not for beginners: the full Trader Workstation is dense, and the learning curve is real, though the simpler IBKR GlobalTrader app softens it. Choose IBKR if you trade frequently across many markets, value tight spreads and want institutional-grade order routing, and accept that you are dealing with a US-regulated entity rather than an SC-licensed one.
6. Luno — Best SC-Regulated Crypto App
Luno is a different category: it is a cryptocurrency exchange, not a stock broker. Luno Malaysia Sdn Bhd is licensed by the Securities Commission Malaysia as a Recognised Market Operator for Digital Asset Exchange (RMO-DAX), making it one of the small number of SC-approved venues where Malaysians can legally buy and sell crypto. If you want Bitcoin, Ethereum, Solana, XRP and other SC-approved tokens with a ringgit on-ramp, this is the most established choice.
The fee structure rewards using the right screen. Instant Buy charges a flat 2%, and the recurring Multi-Buy charges about 1.75%, which is convenient but expensive. The order-book “Exchange” tab charges roughly 0.25–0.35% maker and 0.25–0.50% taker, tiered by 30-day volume — roughly an eighth of the Instant Buy cost. FPX deposits of RM100 or more are free, and MYR withdrawals to a local bank are free. Minimum buy is around RM1.
The SC requires per-token approval, so Luno’s Malaysian list is shorter than its overseas counterpart. That is the price of staying inside Malaysian regulation — and it is a reasonable one for most investors who would rather hold SC-approved assets than chase the wider token selection on an unregistered offshore exchange.
How to Choose the Right Trading App for You
Start with what you actually trade. If you only buy Bursa-listed stocks and ETFs, Rakuten Trade’s flat fees are hard to beat on small and mid-sized orders, and moomoo is the stronger pick once you want US and Hong Kong access in the same account. If US stocks are your main focus and you want to minimise commission, Webull’s zero-commission offer leads. If you want one app that does everything well, moomoo is the default. If you trade high volume across many global markets, Interactive Brokers wins on cost and reach despite being offshore. And if your interest is crypto, stay inside Luno rather than drifting to an unregistered exchange.
Two rules hold across every option. First, always confirm the broker is on the SC’s Investment Checker before you fund an account — a foreign licence does not authorise regulated activity in Malaysia. Second, look past the headline commission and add up the full per-trade cost: brokerage, the 0.03% clearing fee, stamp duty, and any currency conversion spread or custody fee. The cheapest app on paper is not always the cheapest in practice.
FAQ
Which trading app is best for beginners in Malaysia?
moomoo Malaysia is the best starting point for most beginners: it is SC-licensed, has no minimum deposit, offers 0% commission on Bursa trades for new users for a promotional period, and carries a clean interface with strong in-app education. Rakuten Trade is a close second if you only want Bursa stocks and prefer flat, predictable fees.
Is it safe to use a trading app in Malaysia?
It is safe if the app is licensed by the Securities Commission Malaysia. SC-licensed brokers must meet capital adequacy and client-asset segregation rules, and eligible investors are covered by the Capital Market Compensation Fund up to RM100,000 for broker default — note that this protects against broker failure, not investment losses. Always check the broker on the SC Investment Checker before depositing.
What are the fees to trade stocks in Malaysia?
You pay three things on a Bursa Malaysia trade: the broker’s commission (as low as 0.03% at moomoo or flat RM1–RM100 at Rakuten Trade), a clearing fee of 0.03% capped at RM1,000, and stamp duty of RM1 per RM1,000 of contract value. On US stocks, you typically pay a per-share commission (around USD0.0049 at moomoo and Tiger) plus a small currency conversion spread when funding in ringgit.
Can I buy US stocks from Malaysia?
Yes. moomoo, Tiger Brokers, Webull and Interactive Brokers all let Malaysian investors buy US stocks and ETFs directly. Rakuten Trade also offers US markets, including the option to trade in ringgit so you do not need to manage a USD balance. US securities held through these brokers are generally held in US custody with SIPC protection, in addition to any local SC protections for the Malaysian entity.
Is Luno the only legal way to buy crypto in Malaysia?
No. Luno is the most established, but the Securities Commission maintains a list of registered digital asset exchanges (RMO-DAX), which as of 2026 includes several approved venues such as HATA, MX Global and others. The key point is to use an SC-registered exchange — buying through an unregistered or offshore platform leaves your funds outside Malaysian regulatory protection.
Related Guides
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moomoo
Rakuten Trade
Webull
Interactive BrokersThe Bottom Line
The best trading app Malaysia investors can open in 2026 is moomoo Malaysia for most people, because it pairs a full SC licence with broad market access and the lowest standard Bursa commission. Pick Rakuten Trade for pure Bursa investing, Webull for commission-free US stocks, Tiger Brokers for a mobile-first multi-market app, Interactive Brokers for high-volume global trading, and Luno for regulated crypto. Whichever you choose, verify the licence on the SC Investment Checker and read the full fee schedule before your first trade — the cheapest app on paper is only cheap if its actual per-trade cost matches your habits.