Searching for the best trading platforms in Malaysia is a challenging feat. Sifting through the numerous options to distinguish between the better and cost-effective options can take time and effort.
We’ve assessed several widely used Malaysian trading platforms to simplify your search. Additionally, we’ve outlined our criteria for selecting the best platform, making it easier to comprehend our approach. So, without further delay, let’s dive into the review.
The Best Trading Platforms in Malaysia for 2024
Finding online trading platforms in Malaysia can be challenging, given the many choices. To streamline the selection process, we have carefully evaluated the best trading platforms in Malaysia and presented the findings to you.
- Evest – Overall Best Trading Platform in Malaysia for 2024
- OKX – Crypto Trading Platform in Malaysia with Millions of Users
- eToro – Malaysia Online Trading Platform with Copy Trading Feature
- Libertex – Malaysian Trading Platform Serving over 2 Million Clients
- AvaTrade – One of the Top Forex Trading Platforms with MT4/5 Support
- Maybank – Malaysia Stock Trading Platform Offering Online Banking Solutions
- Rakuten – Stock Trading Platform in Malaysia With Advanced Tools
Crypto assets are a highly volatile unregulated investment product.
Best Malaysia Online Trading Platforms Reviewed
Selecting the best platform for trading in Malaysia requires a dynamic view of trading platforms. Our team has thoroughly analyzed the top options, making it effortless for new traders to identify the online trading platform to meet their specific requirements.
1. Evest – Overall Best Trading Platform in Malaysia for 2024
Evest is one of the best platforms for trading in Malaysia that provides a comprehensive array of services, including stock and cryptocurrency trading, staking, forex trading platform, etc. The platform is designed to be easily accessible to both seasoned and novice traders. In fact, advanced traders can access one of the best MT5 trading platforms via Evest’s offerings.
For investors looking to buy stocks in Malaysia, Evest is one of the best stock trading platforms in Malaysia. The platform supports a wide range of stocks and cryptos, all with reasonable trading fees.
With Evest, traders can get started with various investment instruments, such as popular stocks, Bitcoin, and altcoins, in just a few minutes. What sets the platform apart is that it does not impose any commissions on stock investments.
Intending to become the best stock trading platform in Malaysia, Evest operates as a CFD (Contract for Difference) cryptocurrency trading platform. Instead of owning the asset, you purchase a contract that tracks the asset’s price. This trading method provides numerous benefits, including leverage opportunities with enhanced security. Moreover, these features have set the stage for Evest to become one of the best forex brokers in Malaysia. Thus, traders searching for top platforms for forex trading can consider Evest a viable option.
The platform is easily accessible through its mobile, web, and desktop platforms and is compatible with the MT5 trading platform, a widely recognized and advanced trading software.
Evest also offers several risk management tools, such as stop-loss and take-profit orders, making it easy for traders to manage their risk. The platform has a simple interface that simplifies the process of executing trades and navigating the platform. It also offers to stake on its cryptocurrency trading platforms, which allows users to earn rewards by holding specific cryptos and participating in the network.
In conclusion, Evest is one of the most sought-after stock trading platforms with new-age features. With its wide range of services, competitive fees, and user-friendly tools, Evest is suitable for experienced and new traders. For a more in-depth understanding of the forex trading platform, interested investors can refer to our comprehensive Evest review. Evest also offers one of the best trading apps in Malaysia to make cryptos and stocks more accessible.
- Users can start investing or trading with an initial deposit of only $50.
- Buyers can enjoy commission-free stock trades
- The platform operates under the vigilant watch of regulatory bodies.
- Traders can open a trading account at no cost.
- Investors can access a vast array of over 400 financial products and instruments.
| Available Assets | Pricing System | Minimum Deposit | Top 3 Features |
| 525+ Tradable Instruments | Commission- free | $50 | Intuitive app design for ease of use.
Multiple account options are available to accommodate all types of investors. Trading opportunities in forex, indices, commodities, and stocks are all supported. |
Crypto assets are a highly volatile unregulated investment product.
2. OKX – Crypto Trading Platform in Malaysia with Millions of Users
Since its launch in 2014, OKX has made a name for itself as a top cryptocurrency trading platform. With over 20 million users across over 100 countries, OKX is one of the leading cryptocurrency trading platforms and boasts a second ranking on the CoinGecko platform’s trust score.
One of the critical features of OKX is the security of its platform. The exchange employs advanced security measures such as two-factor authentication and multi-signature wallets to ensure the safety of user funds. Additionally, OKX has established an OKX Risk Shield with over $700 million reserve to provide added security in unforeseen circumstances.
OKX provides a wide range of trading options, including over 350 coins and nearly 800 crypto pairs, and supports multiple fiat currencies. The platform makes it easy for users to buy cryptos by offering various payment methods. It also has an options trading platform in its derivatives segment.
Getting started with OKX is easy, with a simple sign-up process that requires no deposit or fees. However, to fully access the platform’s services, users must complete a KYC verification.
OKX offers a great blend of ease of use, security, and value-added services for those looking to access one of the top crypto trading platforms.
You can also check out the comprehensive OKX review for more information.
What We Like:
- Offers one of the Best options trading platforms
- OKX has cost-effective fees for immediate trades
- It offers to supplement trader’s income with staking and savings options
| Available Assets | Pricing System | Minimum Deposit | Top 3 Features |
| 800+ crypto pairs | Maker fee- 0.080%
Taker fee – 0.100% |
$0 | High-security levels
A lot of crypto trading options available High daily trading activity |
Crypto assets are a highly volatile unregulated investment product.
3. eToro – Malaysia Online Trading Platform with Copy Trading Feature
eToro is a dynamic trading platform that provides traders with a seamless and accessible way to buy and sell a range of assets, including stocks, commodities, cryptocurrencies, and more. The platform is designed to make trading easy, especially for beginners, with the innovative CopyTrader feature allowing users to mirror successful traders’ strategies. The platform also has an app for trading to make the crypto-buying process even more accessible.
With a strong reputation for security, eToro is regulated by leading regulatory bodies such as the FCA, ASIC, CySEC, FinCEN, and FINRA. Additionally, the platform offers a cost-effective trading experience with a transparent fee structure, including a flat 1% charge on each transaction and a bid-ask spread.
Traders can start investing in cryptocurrencies with minimal funds, as eToro supports fractional investing and offers the opportunity to open trades with just $10. eToro also has a trading platform for forex where traders can trade hundreds of currencies.
The platform’s community aspect is also vital, allowing traders to connect, exchange ideas, and share market insights.
Finally, eToro offers its users eToro money, a free-to-download and a highly secure crypto wallet compatible with a wide range of crypto assets. With its user-friendly interface and advanced security measures, eToro holds the potential to become a top Malaysia stock trading platform in the coming times.
What We Like:
- Economical fees for transfers
- User-friendly CopyTrader feature
- Traders can start buying as low as $10
| Available Assets | Pricing System | Minimum Deposit | Top 3 Features |
| 3000+ cryptos, stocks, commodities, and currencies. | 1% charge on transactions, bid-ask spread. | $10 | Increased security due to regulations
Advanced yet user-friendly trading features No extra fees for CopyTrading tool |
Crypto assets are a highly volatile unregulated investment product.
4. Libertex – Malaysian Trading Platform Serving over 2 Million Clients
Libertex, established in 1997, has made its mark in the brokerage industry by serving over 2 million clients throughout its 25-year journey. Known for its security, the platform is regulated by top-notch regulatory bodies like CySEC and follows strict rules for separating client and corporate funds, ensuring seamless withdrawal processes.
With a well-designed and straightforward trading platform, Libertex is a dependable option for those seeking a platform for forex trading. Unlike other platforms, Libertex offers transparent pricing with a variable commission fee ranging from 0.008% to 2.5%. The platform provides a wide range of payment options, making depositing easy for clients with different preferences. It also is in line to become one of the best trading platforms for forex due to its cost-effective approach and easy-to-use interface.
In conclusion, Libertex’s 25 years of experience and commitment to security, transparent pricing, and seamless depositing options make it a standout choice for anyone looking for a straightforward trading platform.
What We Like:
Relatively low fees High security
Available Assets
Pricing System
Minimum Deposit
Top 3 Features
More than 250 stocks and cryptos, including CFDs.
Stock: 0.1-0.2%, Crypto: 0.47-2.5%
$100
Track record of 25 years
Crypto assets are a highly volatile unregulated investment product.
5. AvaTrade – One of the Top Forex Trading Platforms with MT4/5 Support
Investors often view AvaTrade as one of the top Malaysian trading platforms due to its commission-free policy on CFD positions.
All the significant assets, including stocks, bonds, currencies, commodities, and ETFs, can be traded on the platform with varying leverage levels, reaching up to 5:1 for stock CFDs and 30:1 for currencies. The account opening process is fast and efficient, with six base currencies available for selection.
AvaTrade’s robust support for MetaTrader 4 and 5 is another unique feature, making it a popular choice for forex traders. These automated platforms allow for customized strategies and seamless trading. AvaTrade has no hidden fees or charges, with a minimum deposit of $100 and no deposit, withdrawal, or monthly account fees. Overall, AvaTrade offers a comprehensive, cost-effective trading solution.
What We Like:
- Compatibility with industry-standard trading platforms MT4 and MT5
- Zero fees for making deposits or withdrawals
- Global regulatory compliance in five diverse regions of the world
Fees are charged as a spread. Offers a social trading feature Offers creation of custom trading strategies
Available Assets
Pricing System
Minimum Deposit
Top 3 Features
Cryptos, stocks, bonds, currencies, commodities, options.
No commission fee.
$100
Supports MT 4, 5
Crypto assets are a highly volatile unregulated investment product.
6. Maybank – Malaysia Stock Trading Platform Offering Online Banking Solutions
Maybank2u is a popular online banking platform in Malaysia, offering various services for individuals and businesses. The platform is user-friendly, with an easy-to-use design, making it easy to manage your finances from anywhere, anytime.
It offers many features, including fund transfers, bill payments, credit card management, and investment options. The platform is also highly secure, using multiple layers of protection to keep your information and transactions safe. Overall, Maybank2u is a convenient and reliable platform for managing your finances and is worth considering if you’re looking for an online banking solution.
What We Like:
- Easy-to-use design with swift navigation
- Strong customer support
- Competitive rates
| Available Assets | Pricing System | Minimum Deposit | Top 3 Features |
| Stocks, Gold/silver, Unit trusts, Bonds, Forex, etc. | Conventional Savings Account: Nil
Premier Savings Account: RM 5 per month for an average monthly balance of less than RM 50,000 |
RM 20 for a savings bank account to start earning interest | All-in-one banking solutions
Competitive forex rates Added security layers |
7. Rakuten Trade – Stock Trading Platform in Malaysia With Advanced Tools
Rakuten Trade is an online stockbroker platform that offers clients a wide range of investment opportunities.
Overall, Rakuten Trade is a good option for both beginner and experienced traders looking for a reliable and affordable platform to invest in the stock market. The fees for trading are reasonable, and the customer service is responsive and helpful. However, it is always advisable to consider the risks involved in stock trading before making investment decisions.
What We Like:
Between 1,000-9,999.99: RM 9 Between 10,000-99,999.99: 0.10% of trading value Equal to & Over 100,000: RM 100 Commission-free trading on a wide range of assets including stocks, bonds Advanced Trading Tools & a mobile trading app
Available Assets
Pricing System
Minimum Deposit
Top 3 Features
Stocks, Bonds, ETFs
Below 999.99: RM 7
$50
User-friendly interface
How We Select the Best Malaysia Trading Platforms
When searching for the best Malaysia stock trading platforms, several crucial factors must be considered. Here are some of the essential elements to consider:
Licensing & Security
It is imperative that a broker is regulated if it is to be considered trustworthy or reliable with investor money. The regulation provides investors with a safety net in the event of any unexpected issues, such as lost deposits or withdrawal halts. Unregulated brokers, while requiring less personal information, are generally less secure than their regulated competitors.
Range of Assets
A wide range of assets is crucial for a top-performing trading platform. While it's unlikely that anyone would need to trade 1000+ different assets, an increased choice of assets provides more opportunities for traders. Each of the brokers on our list offers ample asset options to ensure more investment opportunities.
Fees
Unreasonable fees can quickly eat away at investment profits, making it crucial to choose a platform with a competitive fee structure. Each platform we have reviewed offers a fee structure designed to maximize the investor's returns.
Tools and Analysis
The feature set of a trading platform is one of its most crucial aspects. Although not all traders will use every tool available, certain tools are vital for specific investment and trading strategies. Essential features to look for include charting tools and technical indicators, a range of order types, and any additional features that could be of great use to advanced and novice traders.
Minimum Deposit
Low minimum deposit requirements make it easier for investors to get started, even if they have small funds to invest. The platforms we have reviewed have some of the industry's lowest minimum deposit requirements to make them accessible to everyone.
Demo Account
Practicing trading without risking real money is incredibly helpful for those just starting. Only some have funds they can afford to lose when learning to trade, so it's essential to ensure that a broker offers a demo account before registering.
Mobile App
In today's fast-paced world, traders are often on the move and require a robust, well-designed, and intuitive mobile trading app. For instance, Evest is one of the best trading app in Malaysia, offering seamless trading experiences on the go.
Payment Methods
The convenience of depositing funds can vary significantly from investor to investor, making it essential that the top apps for trading support a range of deposit methods. Some popular deposit methods include credit/debit cards, wire transfers, and e-wallets.
Customer Service
Customer service is a crucial part of the trading experience, and prompt and efficient customer service is essential. At some point, every investor will have a query they cannot answer, making it crucial to have 24/7 live chat or email support available.
Types of Trading Platforms
Trading platforms come in various forms and offer different features, each tailored to meet the needs of specific asset classes. Here is a rundown of the main types of trading platforms and what they typically offer.
Stocks and ETFs
Stocks and ETFs are among the most widely traded assets in the world, and there is no shortage of stock brokers on this front. However, not all brokers are equal. The best stock trading platforms offer commission-free trading and a wide range of charting tools and technical indicators. Many stock brokers also support multiple asset classes, making them a good choice for investors who want to trade different types of assets on a single platform. It is essential to check if a broker provides access to international stocks or only those based in an investor's country of residence. For instance, platforms like Evest offer hundreds of stocks and tradable instruments that provide traders with an intuitive and easy-to-use interface.
Cryptocurrencies
Cryptocurrency trading platforms are constantly evolving to keep pace with the changing market, but some of the most common features include leverage, staking, and trading robots. Crypto as an asset class has gained much attention recently, particularly among traders drawn to its high volatility. Platforms like Evest and OKX have a crypto trading platform with hundreds of pairs and an app to make investing easy for traders.
Forex
Before cryptocurrency gained popularity, forex was one of the most sought-after asset classes. Forex trading includes buying and selling different currencies, so a good platform should offer a wide selection of currency pairs. Given that Forex trading often involves taking advantage of small price changes, leverage is an essential feature of the best Forex trading platforms. It allows investors to make gains with a smaller amount of capital. Evest is an excellent example of a platform offering forex trading at competitive rates.
Options
Options are complex financial instruments that give the holder the right to acquire an asset at a specific price without taking ownership immediately. Although options can provide access to a more significant amount of capital than what is available in an account, they are also considered riskier than un-leveraged assets like stocks.
Commodities
Commodities trading is famous worldwide, with some of the most frequently traded commodities including oil, gold, and silver. While only a few brokers specialize in commodities trading, most of Malaysia's best trading apps should offer commodity trading access.
Are Trading Platforms Legal in Malaysia?
Trading platforms are legal in Malaysia. However, the legal framework and regulations governing trading platforms may vary depending on the type of traded assets, such as securities, forex, or cryptocurrencies. It is crucial to ensure that the trading platform you choose is authorized and regulated by the relevant authorities, such as the Securities Commission Malaysia (SC) for securities trading or the Central Bank of Malaysia (BNM) for forex trading. Before investing, it is advisable to research and understand the regulations and risks involved in trading on a particular platform.
Conclusion
In this guide, we analyzed the best trading platforms in Malaysia, discussed the attributes of a trustworthy broker, and explored some of the most popular trading platforms.
Evest simplifies these brokers' trading and investment journey by addressing frequent challenges. Its intuitive interface, extensive investment options, and cutting-edge trading features stand out as a leading solution in the market.
Crypto assets are a highly volatile unregulated investment product.