What are the stock trading apps in Malaysia??
There are many types of brokers that offer online trading services and as a trader you should choose wisely and research extensively to reduce the risk of losing your trading funds。
There are many types of brokers that offer online trading services and as a trader you should choose wisely and research extensively to reduce the risk of losing your trading funds。
Tickmill
Tickmill offers a comprehensive range of features designed to provide traders of all abilities with the best possible access to the market。Beginners receive user-friendly features and support from a range of the latest education and research services。Intermediate and advanced traders can take advantage of high-end trading analytics, including the Autochartist Technical Analysis Pack。
Tickmill's trading experience is fast, reliable and efficient trading of asset types, from equities, forex and cryptocurrencies to commodities and bonds。Whether you want to focus on one market or build a more diversified portfolio, narrow trading spreads and additional research features (such as Acuity Trading and Signal Center) are ideal for all types of strategies。
Advantages | Disadvantages |
---|---|
Unique trading experience | Relatively limited number of markets |
Ultra-fast, cost-effective and reliable transaction execution | Currently not accepting US customers |
High-quality research and analysis tools | |
proper supervision | |
Small trading spreads - as low as 0.00 points |
IG
IG has a wide range of tools available, including stocks, forex, commodities, indices, cryptocurrencies, ETFs and bonds, to support the trading activities of investors who run short-term strategies and buy-and-hold。For those looking to take full advantage of the platform, there is a professional and well-informed support team on hand 24 / 7。
IG was founded in 1974 and has a good record of providing reliable and safe trading conditions. Over the years, it has added some clever features to provide customers with advantages。The in-house developed trading platform is top-of-the-line, and the research and analysis tools include IGTV, which broadcasts live when there are major news releases that may affect market prices。
Advantages | Disadvantages |
---|---|
One-stop trading and investment services | Price consistent but not special |
More than 17,000 marketable markets | |
Good reputation - founded in 1974 | |
Excellent customer support | |
Suitable for beginners and advanced traders |
BlackBull Markets
BlackBull Markets is good at breaking through and has built a strong reputation in the trading world。Its platform is full of fintech sense, equipped with a series of simple functions, to ensure that customers can use the best trading infrastructure to enter the market。Minimum open account balance of $0, allowing traders of all levels to open accounts, experiment with the platform and discover their own pace。
Impressive over 26,000 instruments available for trading, including stocks, forex, commodities and cryptocurrencies。Traders looking to extend their risk return can take advantage of leverage clauses up to 1: 500。Spreads of major FX pairs as low as 0.00 points。Deals are booked using high-end platforms and ECN protocols to ensure customers get the best possible price。
Advantages | Disadvantages |
---|---|
Fast, reliable, high-quality trade execution | Not available in all regions |
No minimum deposit | Regulatory infrastructure not yet perfect |
Leverage up to 1: 500 | |
Spread as low as 0.00 points | |
More than 26,000 tradable instruments |
eToro
eToro supports various asset classes in addition to providing an easy-to-use trading platform。This includes 2,400 shares spread across 17 different markets.。
eToro also offers more than 250 ETFs, 16 cryptocurrencies and extensive forex trading facilities。Best of all, every financial market on eToro is commission-free。And there are no ongoing costs, making it ideal for those who value low cost。You can also use the CopyPortfolio feature to leverage professionally managed investment strategies, and the eToro team will buy and sell assets on your behalf。
Advantages | Disadvantages |
---|---|
User friendly trading platform | Experienced traders not suitable for technical analysis |
0 Commission | |
More than 2,400 stocks and more than 250 ETFs listed in 17 international markets | |
Trading Cryptocurrencies, Commodities and Forex |
MiTrade
MiTrade is a reputable legal broker based in Australia, regulated by ASIC (Australian Securities and Investments Commission) and a legal holder of an Australian Financial Services Licence (AFSL 398528).。That said, Mitrade is one of the best regional brokers in Asia, complying with all Australian regulations.。
MiTrade offers investors a user-friendly trading app tailored for investors of all levels, from novice to experienced。For investors, especially new investors, the trading platform interface is simple and easy to use。The MiTrade stock trading app also provides users with convenient speed, secure data protection services, and compatibility with a wide range of smartphones and other devices, allowing you to trade without interruption。
Advantages | Disadvantages |
---|---|
provide leverage and short selling | Only over 30 foreign shares listed |
0 Commission | MetaTrader4 not supported |
Suitable for novice investors | Only 2 account types available |
Maybank
Maybank Investment Bank Berhad is the second best trading app in Malaysia。Malaya bank through its Malaya bank trade (maybank2u.com) The trading platform offers investors two types of Sharia-compliant accounts and traditional accounts。
Investors can go as low as RM10.60 prices to trade indices, stocks, commodities and gold at Malaya Bank and open a CDS account。The most convenient thing about choosing a local bank as your preferred trading platform is that if you have any trading-related questions, go to the nearest branch。
Advantages | Disadvantages |
---|---|
Brokers from well-known banks in Malaysia | Commission fees are quite high |
Traditional Sharia-compliant accounts available | Requires extensive document processing |
File validation takes a long time |
Libertex
Libertex is a popular trading platform for traders, especially those in the UK who value low fees and commissions。Zero spread platform quotes are clearly displayed on its homepage, no matter which asset you choose to trade, there is no point difference between buying and selling。
In addition, while Libertex charges a commission on each trade, the commission is usually very low, usually below 0 per order..1%。Libertex offers CFDs for stocks, commodities and currencies as supported markets。As a CFD expert, you can use leverage when trading options。
Advantages | Disadvantages |
---|---|
CFDs trading with zero spreads. | Only CFD trading available |
Very competitive commissions - from 0% | |
Compatible with MT4 | |
Multiple market options |
RHB Investment Bank berhad
RHB Investment Bank is a major player in Malaysia's capital markets, along with Hong Kong, Indonesia, Singapore, Brunei, Cambodia, Laos, Myanmar, Vietnam and Thailand.。The RHB Trading Platform (RHB Trade Support) has been recognized by the winner's experienced research group for their product expertise。
The asset classes offered by the trading platform include gold, equities, US indices and unit trusts.。
Advantages | Disadvantages |
---|---|
Provide online and offline training for stock counseling experts | Registration process takes 3 days |
Offer attractive incentives such as bonus points, the chance to win attractive prizes, and will provide traders with daily stock exchange reports | Broker costs are relatively high |
Ability to purchase IPO shares through a line of credit | Other applicable costs, such as credit management costs |
The whole process is carried out entirely through an online method |
Hong Leong Investment Bank
Hong Leong Bank Berhad is a Malaysian Stock Exchange listed company, part of Hong Leong Group and the fifth largest banking group in Malaysia.。
The group's trading platform HLeFutures Mobile offers investors a minimum brokerage fee of 0.106% or minimum RM 8.48, also offers a variety of trading assets such as currency exchange, bonds, unit trusts, deposit instruments, foreign commodities and foreign exchange transactions。
Advantages | Disadvantages |
---|---|
Financing margin up to 60% | The CDS account opening process can take up to 30 business days |
24 hours foreign trade counter | Only 1 account type available |
Customers who perform three transactions per month receive free quotes and real-time information |
How to Choose a Malaysian Stock Exchange App
First, you must ensure that the company of your choice is regulated and authorized to provide financial services or activities。
Next, make sure the company is not involved in any legal issues。Before deciding on a trading platform, make sure that the company has a legitimate reputation and provides services as required by law。
Pay close attention to the company's services。For example, whether the online stock trading application is running smoothly or often wrong; whether the company is a mere broker or a full-service that provides issuer advice and market analysis on a daily basis。
Finally, bank affiliation is also recorded。It is best to use a trading app affiliated with the bank you have a savings account with to transfer funds more easily。
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