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Best Trading Platforms for Beginners 2022 in Malaysia

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If you’re based in Malaysia or Singapore and want to trade online, you’ll need to find a top-rated platform.

Your chosen trading platform needs to offer your supported market – whether that’s stocks, commodities, forex, or even crypto. It also needs to offer competitive commissions and spreads, and hold at least one regulatory license.

In this guide, we review the best trading platforms Malaysia and Singapore for 2022.

Top Malaysia Trading Platforms 2022

If you’re in the hunt for the best trading platforms Malaysia and Singapore but don’t have time to read our guide, check out the list of top-rated providers below. You can scroll down to read a full review of each broker.

  1. eToro – Overall Best Stock Broker in Malaysia
  2. Huobi – Excellent Trading Platform to Trade Crypto in Malaysia
  3. Inceptial – Excellent Forex Trading Platform in Malaysia
  4. FXVC – Overall Best Stock Broker in Malaysia
  5. Libertex – Best Broker in Malaysia and Singapore for ZERO Spreads
  6. Skilling – Best Trading Platform Malaysia and Singapore for Leverage
  7. Bursa Anywhere – Best Broker for Buying Malaysian Shares
RM
Number of Trades
100per year
2 Providers that match your filters
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Rating
Rating
Price
2 Providers that match your filters
Payment methods
Features
Support
Rating
0 or better
Mobile App
0 or better
Fixed fees per trade
RM0
Account Fees
RM0
Recommended Broker
Rating
Total FeesRM 0.09
What we like
Platform dagangan super mesra pengguna
Deposit dana dengan menggunakan kad debit/kredit
e-wallet
Fixed fees per trade
0 RM
Account Fees
0 RM per Month
Mobile App
9/10
Total FeesRM 0.09
68% daripada akaun pelabur runcit kehilangan wang apabila berdagang CFD dengan penyedia ini.
Features
CFDsCopy PortfolioETFsFundsKryptoRobo AdvisorStocks
Payment methods
Credit CardNetellerPaypalSkrill
Account Information
Account from
$50
Deposit Fees
$0
ETFs
262
Inactivity Fees
bulan $10 selepas bulan 12
Leverage
1:5
Margin trading
true
Min. Trade
$10
Stocks
2000+
Trade fees
Spreads
Withdrawal Fees
$5
Fees per trade
CFDs
0.09%
0%
Crypto
0.75%
DAX
0.01%
ETFs
0.09%
Stocks
0.09%
68% daripada akaun pelabur runcit kehilangan wang apabila berdagang CFD dengan penyedia ini.
Rating
Total FeesRM 120.23
What we like
Fixed fees per trade
0 RM
Account Fees
10 RM per Month
Mobile App
9/10
Total FeesRM 120.23
Mendagangkan instrumen OTC yang tidak boleh dihantar ialah aktiviti yang berisiko dan boleh membawa bukan sahaja keuntungan, malah kerugian. Jumlah kerugian yang berkemungkinan adalah dihadkan oleh jumlah sekuriti margin. Keuntungan yang diperoleh di masa lepas tidak menjamin keuntungan di masa depan. Ambillah kesempatan ke atas perkhidmatan latihan syarikat untuk memahami risiko sebelum memulakan operasi.
Features
CFDsKryptoStocks
Payment methods
Credit CardNetellerSkrill
Account Information
Account from
$250
Deposit Fees
$0
Inactivity Fees
minimum $80/month after 2 months, maximum $1000/month after 12 months
Leverage
1:5
Margin trading
true
Trade fees
Spreads
Withdrawal Fees
3.5% or $30
Fees per trade
CFDs
0.036%
Crypto
1%
Stocks
0.33%
Mendagangkan instrumen OTC yang tidak boleh dihantar ialah aktiviti yang berisiko dan boleh membawa bukan sahaja keuntungan, malah kerugian. Jumlah kerugian yang berkemungkinan adalah dihadkan oleh jumlah sekuriti margin. Keuntungan yang diperoleh di masa lepas tidak menjamin keuntungan di masa depan. Ambillah kesempatan ke atas perkhidmatan latihan syarikat untuk memahami risiko sebelum memulakan operasi.

Best Trading Platforms Malaysia Reviewed

In searching for the best trading platforms Malaysia and Singapore, you need to focus on a number of key metrics. This should centre on tradable assets, fees, spreads, and commissions, payment methods, and of course – regulation.

To save you from hours of research, below we review the best trading platforms Malaysia and Singapore.

1. eToro – Overall Best Stock Broker in Malaysiaetoro logo

If you’re looking for an easy, safe, and convenient cryptocurrency trading platform, then eToro is a perfect choice. This top-rated platform offers sixteen different digital currencies. In addition, there are many popular cryptocurrencies to buy, such as Bitcoin (one of the best), Ripple, EOS, Cardano, Ethereum, Litecoin, SafeMoon, and many others.

Unlike other crypto trading platforms, eToro does not charge commissions on digital asset purchases and sales. In turn, this will mean that you can trade in an environment where no commissions are charged.

You can also keep your crypto investment indefinitely because there are no ongoing fees. With eToro, you can trade CFDs on cryptocurrencies as well as purchase digital coins outright. Unfortunately, US and UK residents are not eligible to use the service.

With the CFDs, you can trade hundreds of crypto-to-fiat pairs (such as ETH/USD) and crypto-to-crypto pairs (such as BTC/XRP), all of which can be accessed with leverage. Furthermore, when you trade crypto CFDs on eToro, you can also go short when you trade. So there’s an advantage in using it if you feel a particular digital currency is overvalued and want to take advantage of it.

eToro allows you to trade cryptocurrency CFDs or buy cryptocurrencies with Bitcoins. All you need is $25 to begin trading. Those seeking to learn about the crypto market for the first time will benefit from this method as it is a great way to learn about it. Furthermore, eToro offers automated crypto trading tools, making it a standout among other eToro trading platforms.

etoro copy trading

The first thing you need to do is choose CopyPortfolios. By taking advantage of these professionally managed portfolios, one can access a wide range of diversified crypto assets. The CopyPortfolio will be updated once the team feels that it is necessary to add, remove, and rebalance assets on the copy portfolio. In addition, the eToro trading platform also offers a Copy Trading feature.

It is possible to copy professional crypto traders at a like-for-like rate (minimum $200) by simply investing the same amount. eToro follows all the necessary safety and regulatory guidelines in the industry. In addition to being regulated by the FCA (UK), ASIC (Australia), and CySEC (Cyprus), the platform is also registered with the FINRA.

Consequently, Americans can now purchase cryptocurrencies using the eToro platform safely and legally (but not trade CFDs). Accounts with eToro usually open within less than 10 minutes since the provider can verify your identification automatically. Several methods can be used to fund your account, including credit/debit cards, eWallets, and bank transfers. You can also buy bitcoins through eToro with PayPal if you wish. Due to all of the above, eToro is one of Australia’s best crypto exchanges for you.

Fee Amount
Stock trading fee Free
Forex trading fee Spread, 2.1 pips for GBP/USD
Crypto trading fee Spread, 0.75% for Bitcoin
Inactivity fee $10 a month after one year
Withdrawal fee $5

Pros:

  • It is also an extremely user-friendly platform for trading altcoins
  • In several asset classes, spreads are tight
  • There is no commission at all
  • Stocks, indexes, ETFs, and cryptocurrency are some of the other trading options available to you
  • The funds may be deposited using an e-wallet, by credit card, by debit card, or by bank transfer
  • Trading by copying and trading by social media
  • PayPal is accepted
  • Registered with FINRA, FCA, ASIC, and CySEC and regulated by FCA, ASIC, and CySEC.

Cons:

  • It is not appropriate for advanced traders to use technical analysis

Your capital is at risk.

2. Huobi – Excellent Trading Platform to Trade Crypto in Malaysia

In the world of cryptocurrencies, Huobi is the largest exchange as well as a provider of online financial services. The company was established in 2009 in Singapore. Huobi offers users the chance to participate in initial coin offerings (ICOs) before a coin is a mainstream, as well as a wide range of crypto assets. The Huobi cryptocurrency exchange was founded in Beijing, China, and is one of the largest cryptocurrency exchanges in the world. Following the government's expulsion from the Chinese cryptocurrency market in 2017, cryptocurrency exchanges grew rapidly.

In Singapore, a crypto law was the reason for the company's relocation. Over 355 cryptocurrencies can be traded on the world's largest cryptocurrency exchange, Huobi. This platform is used by someone living in 130 countries, and there are approximately 5 million people on the platform. According to CoinMarketCap's daily cryptocurrency volume index, Huobi is ranked third among the top cryptocurrency exchanges in the world.

Due to its ease of use, Huobi has become so popular. Therefore, it has proved quite useful for both new and experienced traders, proving that it has been convenient for both groups.

It will take you less than two minutes to create an account. Since you shouldn't have any problems taking advantage of this opportunity, don't hesitate to take advantage of it.

Since the wallet was launched last year, there has never been a security breach. Only strict security measures helped us achieve such an enviable record. Since Huobi's crypto funds are off the blockchain, bad actors cannot hack them since they are kept in cold storage. Therefore, security measures ensure that Huobi's funds are not accessible to bad actors.

Fee Amount
Stock trading fee N/A
Forex trading fee N/A
Crypto Trading 0.20%
Inactivity Fee Free
Withdrawal Fee 1%

Pros:

  • A smart and intuitive dashboard that is highly customizable
  • Trading is available on more than 230 assets
  • Trades can be executed simultaneously on multiple exchanges and platforms
  • Margin trading and leverage
  • A great way to ensure high levels of security is by using a security
  • The funds provided to clients protect them
  • Customer service agents who are multilingual
  • Comprehensive mobile application

Cons:

  • Deposits and withdrawals of fiat currency are not possible
  • It takes a long time to create an account
  • There are not enough withdrawal limits
  • Margin leverage is low in this case

Your capital is at risk.

3. Inceptial – Excellent Forex Trading Platform in Malaysia

As a regulated Forex company, Inception aims to provide its clients with the best possible trading experience possible.

As a company, they are fortunate to assemble a very talented team of highly experienced and highly motivated individuals who believe in the value of personal development and advancement. They will help you advance your trading knowledge in all aspects of your trading journey by providing you with remarkable tools and skills that you will need to succeed in your trading career. As a new client of Inceptial, you can take advantage of several free benefits such as access to several valuable interactive courses, trading eBooks, video tutorials, as well as some market analysis tools, including daily chart analyses, economic calendars, and trading calculators. Therefore, each trader can be confident that they will be prepared to deal with any trading challenges that may arise.

The company offers 4 different account types tailored to meet the needs of different traders, regardless of whether they are a beginner or a professional in the trading industry. In addition, there are dedicated account managers and SMS trading signals for those who choose the more advanced accounts, so they don't miss out on any trading opportunities.

Inceptial.com offers its members the opportunity to trade with various assets and access some of the most competitive spreads available on the market. Join our team, and you can enjoy trading with over 160 assets. In addition, since traders have access to more than 30 trading indicators, they can easily utilize this information to identify signals and trends within the market.

The company maintains that its sole mission is to empower its traders by ensuring that they provide them with the highest level of security and reliability from beginning to end. In addition, Inceptial's support team is available 24/7 for any queries you may have and can offer solutions for any issues you may encounter.

Fee Amount
Stock trading fee Not available
Forex trading fee Free
Crypto trading fee Not available
Inactivity fee Free first month, then $80
Withdrawal fee 3.5%

Pros:

  • The asset selection in this portfolio is good
  • Deposits as low as $100
  • Various types of accounts are available

Cons:

  • There are no clients from the United States, Canada, Australia, or Israel
  • Spreads that are higher than the average

Your capital is at risk.

4. FXVC – Top-Rated Stock Broker in Malaysia

Whether you're searching for a stock broker with low fees, a wide range of shares, or some great trading tools, FXVC is a great option. There are a variety of stock CFDs from different exchanges, so you can trade the price of large companies such as Apple and Amazon.

FXVC's competitive spreads make this very cost-effective as well. The execution speeds offered by this broker are some of the fastest in the industry with extremely low latency.

A well-designed and user-friendly mobile app is also available on the FXVC website. These two platforms offer a wide variety of technical and fundamental analysis tools that can be used to execute trading strategies. Furthermore, the website features a wide variety of research and analysis resources, such as market reviews, analysis, and ebooks.

You can pick the account type that best suits your needs from FXVC's five account types.

Fee Amount
Stock trading fee Variable
Forex trading fee Variable
Crypto trading fee Variable
Inactivity fee Free
Withdrawal fee 1%

Pros:

  • Traders can choose from a wide range of shares to trade
  • Low spreads
  • Very fast execution
  • Powerful research and trading tools
  • Five accounts to choose from
  • Easy-to-use mobile app

Cons:

  • Does not accept PayPal as a payment method

Your capital is at risk.

5. Libertex – Best Broker in Malaysia and Singapore for ZERO Spreads

Libertex is an online trading platform that is particularly popular with day traders in Malaysia and Singapore. The reason for this is that Libertex offers extremely low trading fees. Crucially, Libertex does not charge any spreads - so you'll always get the best buy or sell price possible.

This is complemented by a very low commission structure that in most cases - will see you pay less than 0.1% per slide. In terms of what you can trade, Libertex offers a good selection of asset classes - all of which are reprinted by CFDs.

libetex vietnam

This includes forex, stocks, commodities, digital currencies and more. By trading CFDs at this platform. this means that you can get leverage on all supported markets. This goes as high as 1:600 when using the Libertex forex trading platform, albeit, you'll need to be a professional client to get this much.

Libertex is also one of the best trading platforms Malaysia and Singapore for day traders as it supports MT4. This means that on top of benefiting from zero spreads and low commissions, you'll have access to an abundance of social trading tools, technical indicators, and signals.

libetex vietnam

When it comes to reputation, this top-rated broker has almost 3 million clients from over 120 countries - many of which are based in Malaysia and Singapore. It has been offering trading services for 23 years and is regulated by several financial bodies. Finally, the minimum deposit on Libertex is just $100 and you can use a debit/credit card, bank wire, or e-wallet.

Fee Amount
Stock trading fee Free
Forex trading fee Spread, 2.1 pips for GBP/USD
Crypto trading fee Spread, 0.75% for Bitcoin
Inactivity fee $10 a month after one year
Withdrawal fee $5

Pros:

  • Zero spread CFD trading
  • Very competitive commissions - starting from 0% upwards
  • Good educational resources
  • Long established broker
  • Compatible with MT4
  • Great choice of markets

Cons:

  • CFDs only

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

6. Skilling – Best Trading Platform Malaysia and Singapore for Leverage

Skilling logoIf you're looking for the best trading platform Malaysia and Singapore for leverage, Skilling is going to be the best option on the table. This top-rated provider offers leverage of up to 1:500 to retail clients - which is one of the highest we have seen.

Leverage limits of this magnitude are typically offered by shady offshore brokers. But, this couldn't be further from the truth in the case of Skilling. After all, this Malaysia trading platform is heavily regulated - with licenses from the FSA and CySEC, as well as authorisation from the FCA.

If you do want to apply the highest limit of 1:500 to your positions, this is available when trading indices and major currency pairs. You can get 1:200 on gold and minor/exotic currency pairs, and less on other asset classes. Leverage on stock CFDs is a lot lower at 1:10, albeit, this still allows you to trade with 10 times the amount you have in your Skilling account.

skilling review Not only is Skilling the best trading platform Malaysia and Singapore for leverage, but it's also really competitive in the fee department. For example, you won't be any trading commissions at all, as all fees are subsequently built into the spread. When trading highly liquid markets like forex or stocks, spreads go as low as 0;.1 pips during busy hours, which is very good.

We also like Skilling as it offers numerous trading platforms for you to choose from. This includes MT4 and cTrader - both of which are preferred by experienced trading pros. If you want to trade at Skilling but you don't have much experience, you'll be better of using the web-trading platform. This is ideal for newbies or those who simply want a straightforward trading experience.

SKILLING REVIEW

When it comes to the account opening process, this shouldn't take you more than a few minutes at Skilling. You only need to meet a minimum deposit of $100 and you can choose from a variety of payment methods. This includes debit/credit cards, e-wallets, and bank transfers.

Fee Amount
Stock trading fee o% Commission on Skilling's Trader Account
Forex trading fee Variable spreads starting from 0.7%
Crypto trading fee Spread—0.20% for Bitcoin.
Inactivity fee $10 per month after one year
Withdrawal fee Free

Pros:

  • More than 800 financial instruments
  • Commission-free share trading with tight spreads
  • Great for newbies
  • Supports algorithmic trading
  • Compatible with MT4 and cTrader
  • User-friendly mobile app for iOS and Android

Cons:

  • Does not support ETF trading
  • High leverage limits not suitable for inexperienced traders

71.2% of retail investor accounts lose money when trading CFDs with this provider.

7. Bursa Anywhere – Best Broker for Buying Malaysian Shares 

All the best brokers Malaysia and Singapore that we have discussed so far focus exclusively on international exchanges and markets. This makes sense, as the vast majority of traders will look to access liquid assets like gold, US-listed stocks, and forex.

However, if you're based in Malaysia and simply looking to buy shares in home-grown companies, then the best option on the table is going to be Bursa Anywhere. This is because the stock broker allows you to buy Malaysian-listed shares through a dedicated mobile app - which is compatible with iOS and Android devices.

bursa anywhere

We should note that the setup process is somewhat cumbersome, as you need to go through a variety of hoops to get your account verified.

Nevertheless, Bursa Anywhere is a low-cost option, as it does not charge any annual platform fees and you won't need to pay anything to register. Plus, the app comes with a number of useful tools - including alerts on corporate reports and market-to-market portfolios.

Fee Amount
Stock trading fee fee at the rate of 0.0025%
Forex trading fee fee at the rate of 0.0025%
Crypto trading fee Not available
Inactivity fee Free
Withdrawal fee Free

Pros:

  • Best trading app for accessing the Malaysian stock market
  • Easily open a CDS account
  • Set up trading alerts
  • Very user-friendly
  • Transfer shares via FPX
  • Manage your e-dividends

Cons:

  • No access to international stock markets

Your capital is at risk when trading via this app.

Best Trading Platforms Malaysia Comparison Fee

Platform Stock trading fee Forex trading fee Crypto trading fee Inactivity fee Withdrawal fee
eToro Free Spread, 2.1 pips for GBP/USD Spread, 0.75% for Bitcoin $10 a month after one year $5
Huobi N/A N/A 0.20% Free 1%
Inceptial Not available Free Not available Free first month, then $80 3.5%
FXVC Variable Variable Variable Free 1%
Libertex Commission. 0.034% for Amazon. Commission. 0.008% for GBP/USD. Commission. 1.23% for Bitcoin. $5 a month after 180 days Free
Skilling o% Commission on Skilling's Trader Account Variable spreads starting from 0.7% Spread—0.20% for Bitcoin. $10 per month after one year Free
Bursa Anywhere fee at the rate of 0.0025% fee at the rate of 0.0025% Not available Free Free

How to Choose the Best Trading Platform Singapore and Malaysia for You

Most traders in Malaysia and Singapore prefer to use regulated brokers located overseas - as this gets you access to the most liquid tradable markets. As such, there are potentially hundreds of platforms to choose from in the online space.

As this can make it challenging to find a provider that meets your needs, below we discuss the many factors that need to be considered in your search for the best online trading platforms Singapore and Malaysia.

Regulation

We briefly mentioned earlier that there are a number of shady offshore trading platforms market their services to Malaysians and Singaporeans. The key driver here is that these providers offer high levels of leverage. However, by using an unregulated trading platform, your money is at risk.

Plus, you can never be truly sure whether you are trading in transparent and fair conditions. This is why the best brokers Singapore and Malaysia that we have discussed on this page are heavily regulated. For example, our top-rated provider - eToro.com, is licensed by three tier-one financial bodies.

This includes the FCA (UK) and CySEC (Cyprus). These bodies ensure that you can trade in a safe and secure ecosystem. Crucially, this means that your funds will be held in segregated bank accounts and that all users of the platform must have their identity verified.

Assets

The best trading platforms Malaysia and Singapore give you access to dozens of asset classes. Once again going back to eToro, the provider covers a wide range of CFD markets.

This includes everything from forex and stocks to cryptocurrencies and commodities. If, however, you are looking to trade a specific instrument, you need to ensure that the provider in question supports it.

For example, if shares are your thing, you'll want to stick with a top-rated stock trading platform like eToro or Plus500.

Fees

Although your chosen broker might offer your preferred financial markets, you need to ensure that you can trade these instruments in a low-cost environment.

The main fees that you need to consider in your search for the best trading platforms Malaysia and Singapore are as follows:

  • Commissions: Some platforms charge a variable commission when you buy and sell an instrument. With that said, the best trading platform Malaysia and Singapore - eToro, allows you to trade in a 100% commission-free manner.
  • Spreads: Spreads can vary wildly depending on your chosen platform and the asset class in question. If low spreads are important to your trading strategy, you might want to consider Libertex. This is because the platform charges no spreads at all.
  • Overnight Financing: When trading CFDs, you need to pay an overnight financing fee for each day you keep the position open.
  • Platform Fee: Some trading platforms in Malaysia and Singapore charge a platform fee. This is usually charged as a percentage of the amount you have in your account. None of the best trading platforms Malaysia and Singapore discussed today charge a platform fee of any sort.
  • Deposit/Withdrawal Fee: You might need to pay a fee when you deposit funds - especially if using an international broker. This is because the platform might need to convert ringgit to a major currency like USD or GBP.

As you can see, there are many fees that you might come across when finding a platform that meets your needs - so be sure to perform lots of homework before signing up.

Trading Tools & Features

Irrespective of whether you are a seasoned trade or a complete novice - you'll likely want access to a number of tools and features to help you make better trading decisions.

When reviewing the best trading platforms Malaysia and Singapore, the best broker features that we came across included the following:

Leverage

You need to tread carefully when applying leverage, as you can lose a lot more than you had hoped for. But, when used in a risk-averse manner, leverage can allow you to trade without needing to have a large amount of capital.

  • For example, one of the best online trading platforms Singapore and Malaysia for leverage is Skilling, which offers up to 1:500 on major forex markets and indices.
  • Put simply, an account balance of just $200 would therefore allow you to enter a trade worth $100,000.

Don't forget, your leverage limits will not only be determined by your chosen trading platform - but the specific asset classes you are looking to access. forex, indices, and gold come with the highest limits, while crypto and stocks are usually much lower.

Chart Analysis

The vast majority of day traders and swing traders in Malaysia and Singapore make trading decisions based on the technicals. This means that they know how to read, evaluate, and interpret pricing charts on their chosen asset.

In order to do this, you'll want to choose a trading platform that offers a good range of charting tools. This should include the ability to customize the chart area itself - including candlestick timeframes.

You should also have access to technical indicators and chart drawing tools. If using a platform that supports MT4 - such as Libertex and Skilling, this will provide you with all of the chart analysis tools that you will need.

User Experience

If you're going to be trading online, it's important to select a platform that offers a great user experience. This played a major role when ranking the best trading platforms Malaysia and Singapore in this guide.

For example, all of the platforms discussed today offer the following user experience:

  • Easy to open an account - often taking just 10 minutes (including KYC)
  • Simple and instant deposit process
  • Find your chosen asset via a search facility or filter system
  • Seamless order placing process
  • Fast execution speeds

Ultimately, if your chosen platform doesn't offer a good all-round user experience, there is every chance that you will find it difficult to trade effectively.

Demo Account

Apart from Bursa Anywhere, all of the best trading platforms Malaysia and Singapore discussed on this page offer a demo account facility. There are no requirements to gain access to this facility - other than quickly opening an account.

As such, you can trade financial instruments in live market conditions without risking any money. This is a great way to learn the ropes before you make a deposit and subsequently starting trading with your own capital.

Mobile App

Most traders in Malaysia and Singapore use brokers that also offer a mobile app. This is because you will always have access to your trading account - should you need to place a last-minute order. For example, you might be away from home and want to close a profitable position.

All of the best trading platforms Malaysia and Singapore that we have reviewed today offer a mobile app for both iOS and Android phones. You will get full functionality - meaning that you will get all of the same account features as found on the main desktop website will be available on the app.

Payment Methods

When it comes to payments, the best trading platforms Malaysia and Singapore accept various deposit methods. We find that the easiest way to fund your brokerage account is via a local debit or credit card - backed by either Visa or MasterCard.

capital.com payments

A number of providers - such as Capitall.com, Libertex, and Skilling, also support e-wallets.

Customer Service

As noted earlier, most traders in Malaysia and Singapore use online brokers that are located overseas. This is because they are typically regulated by reputable financial services bodies and offer heaps of tradable markets.

With that said, it's important that your chosen platform offers customer support around the clock.

This will ensure that you are not required to contact a member of the support team during the night. We found that the best trading platforms Malaysia and Singapore offer support via Live Chat.

How to Start with the Best Trading Platform Malaysia and Singapore

Here, we will provide you with a step-by-step guide on how you can start trading in Malaysia using this guide. Learn how you can start investing below by using eToro as the sample trading platform Malaysia.

Step 1: Open a Trading Account

If you go to the eToro site and click the Join Now button, you will be taken to the registration page.

If you do not have an email address or do not want to use a Facebook or Google account, then you can create an account by using your email address.

Step 2: Verify Your Identity

If you want to deposit and start trading, you will need to confirm your identity in this step. As instructed by eToro guidelines, upload a clear image of a valid ID such as a passport or driver's license as a form of identification.

Step 3: Deposit Funds

It is now possible to deposit funds into your eToro account once eToro has verified your account completely. If you wish to add equity to your account, you have the option to choose from a wide range of payment methods, but you will have to meet the minimum deposit amount.

Step 4: Search For Some Trading Options

In this step, you will need to choose a trading type from the search bar and then click on search. Suppose you wish to trade Crypto in the future; you just need to type 'BTC' and click the 'Trade' button when it appears on the screen. Upon clicking on it, you should eventually be taken to the order form, where you will be able to finalize your trade.

Step 5: Place a Trade

Once you have found an asset you wish to trade, click on the 'Buy' or 'Sell' button - depending on whether you think the financial instrument will rise or fall.

Then, you simply need to enter the amount you wish to stake on this trade. By default, you will be placing a 'Market Order', meaning that your trade will be executed instantly at the best available price. If, however, you want to enter the trade at a specific price, change this to a 'Limit Order'.

You can also set up stop-loss and take-profit orders on eToro  -which is suggested for risk-management purposes.

Finally, confirm the order to execute your first trade!

Conclusion

In summary, there are now dozens of top-rated providers in the online trading scene. We have discussed a selection of the best trading platforms Malaysia and Singapore - although there are many more.

The key point to remember is that you should always do your homework before joining an online broker. This should include a focus on metrics like regulation, tradable instruments, leverage, payments, and fees.

If you're looking to start trading with the best trading platform Malaysia and Singapore right now - eToro is worth considering. This user-friendly platform allows you to get started with a mere deposit of just $20 - and all supported markets can be traded commission-free!

eToro - Best Trading Platform Malaysia and Singapore with 0% Commission

etoro logo

Your capital is at risk.

71.2% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

Who is the best broker in Singapore and Malaysia for stocks?

If you're looking for the best active brokers for trading stocks, you might want to consider eToro This top-rated platform gives you access to thousands of stocks from multiple international markets - all on a commission-free basis.

Who is the best broker in Singapore and Malaysia for stocks?

The best broker in Singapore and Malaysia for leverage is Skilling - which offers up top 1:500 on forex and indices. Lower limits are available on other CFD asset classes.

Is forex trading legal in Malaysia?

Yes, forex trading is legal in Malaysia. With that said, most locals use regulated forex brokers located overseas, as these typically offer the most diverse currency markets and most competitive commissions.

Who are the best brokers Singapore for low fees?

If you're based in Singapore and looking for the best online broker for low fees, eToro wins hands down. This is because the platform allows you to trade commission-free, and spreads are often industry-leading.

Are Malaysia trading platforms regulated?

Not all trading platforms are regulated, so you need to ensure that your chosen provider holds a license with a reputable financial body before signing up. .

How do you buy stocks in Malaysia?

If you are planning to trade international stocks listed in the US, UK, or any other region - all you need to do is open an account with commission-free platform eToro. If, however, you are looking to invest in Malaysian stocks, then Bursa Anywhere is going to be the best option. .

How much do you need to trade in Malaysia?

The minimum deposit will vary depending on which broker you sign up with. You can, however, get started with a minimum deposit of just $20 (about 80 ringgit) at eToro.

About Alan Lewis
About Alan Lewis

Alan is the Chief Editor of TradingPlatforms.com. He is an experienced finance and investment writer who is an expert on the stock market.

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