Best Stock Trading App Malaysia 2024 – Top Apps Revealed

Stock trading apps are getting more and more popular with Malaysian investors. After all, they allow you to buy, sell, and trade stocks at the click of a button – no matter where you are.

But, with so many providers active in this marketplace – you need to spend some time finding a suitable stock trading app for your needs.

In this guide, we review the best trading app in Malaysia of 2024. We also explain how to choose an app yourself based on key metrics – such as safety, payment methods, supported markets, and fees.

Best Stock Trading Apps 2024

For a quick overview of which providers made our list of the best stock apps in Malaysia – check out the list below! Scroll down for a full review of each application.

1. Capital.com – Overall Best Stock Trading App Malaysia
2. Oanda – Offer CFDS On Most Major Global Indices
3. Libertex – Low-Cost CFD Stock Trading App with ZERO Spreads
4. Plus500 – Stock CFD Trading App with High Leverage
5. IG – Share Trading App Malaysia with 17,000+ Markets
6. AvaTrade – Best MetaTrader 4 Broker In Malaysia
7. Fineco Bank – Friendly-User Malaysia CFD Platform
8. Bursa Anywhere – Best Stock App for Malaysian Shares
9. Trading 212 – Best CFD Trading Platform for Mobile Traders in Malaysia
10. Pepperstone – Best Malaysia Stock Broker with MetaTrader 4 & 5

The Best Trading Apps in Malaysia – Reviewed

The process of researching the many stock trading apps available to Malaysians can be a time-consuming process.

This is because there is much to consider before opening an account – such as whether your preferred stock market is offered and what commissions the provider charges.

To save you hours of mundane research, below you find a selection of the best stock and day trading apps in Malaysia right now.

1. Capital.com – Trades Stocks in Malaysia With Zero Commission

Capital.com is our pick for the best stock trading app Malaysia. This is a relatively new app that offers a fantastic range of assets, low fees, great features and brilliant usability.

For starters, Capital.com is also considered as one of the best share trading platform Malaysia because it offers a huge collection of over 2,400 shares from around the world, so you can trade with all the top companies. Capital.com offers all its shares as CFDs, meaning you can go short on stocks and trade with leverage. You can also trade indices, forex, commodities, and cryptocurrencies on the Capital.com mobile app.

In terms of fees, Capital.com is one of the cheapest Malaysian trading apps on the market. All assets come with a spread, and you don’t have to worry about paying any commission. At the time of writing the spread for Apple stocks are just 0.05, which is much lower than most other brokers.

If you’re a new trader learning the markets, Capital.com is perfect because it offers its own educational app packed with beginner-friendly learning materials. It also has trading courses, a blog, webinars, and even Capital.com TV, so this is a great learning platform. The app is also extremely intuitive and well designed, so you’ll have no problem trading stocks on your mobile.

Capital.com is an extremely secure and trustworthy app as it holds operating licenses in multiple jurisdictions. The minimum deposit is just $20, which is much lower than most other trading apps, and you can deposit with a range of methods such as Apple Pay.

Read our in-depth Capital.com app review here.

71.2% of retail investors lose money trading CFDs at this site.

2. Oanda – Offer CFDS On Most Major Global Indices

Oanda was founded in 1996 and is a US-based forex broker. When the company first made its debut, it was one of the earliest entrants into online forex trading.

Over the next 25 years, Oanda has been licensed in many countries, including the UK, Japan, Australia, etc. Despite the platform not revealing its many users, it has a clientele from 196 different countries.

In addition to being a forex broker, Oanda has a database of forex prices dating back over 25 years, which traders, accountants, corporate auditors, and anyone else who needs exchange rate data can use. Oanda also offers a tool for locating spot exchange rates that is highly popular.

Forex trading is the main focus of Oanda. Nevertheless, the broker does offer some CFD’s (contracts for difference), but there is only a limited selection. At present, there are 16 CFDs on stock indexes, 31 CFDs on commodities, and 6 CFDs on bonds. While Oanda does not provide individual stocks or exchange-traded funds, its stock indices cover a wide range of countries.

Oanda also provides cross-country payment services. In addition, there has been a partnership between the platform and Transferwise for individual payments and a network of its own for routing payments from corporations located worldwide.

74% of retail investors lose money trading CFDs at this site.

3. Libertex – Low-Cost CFD Stock Market App with ZERO Spreads

Libertex is an online CFD broker that also offers a popular trading app. Available on both iOS and Android devices, the app allows you to trade heaps of stocks from more than a dozen sectors.

This includes tech stocks like Apple and Facebook, telecommunication stocks like AT&T and China Mobile, and healthcare stocks like Pfizer and Moderna. As a CFD-centric stock trading app, you will always have the option of going long or shot on your chosen stock.

In other words, if you think the stock will go down in value, Libertex allows you to short-sell it. Additionally, all stock CFDs on the Libertex app can be traded with leverage. For example, if you stake $50 and apply the leverage of 1:10 – this would amplify your trade value to $500.

The Libertex trading app also covers a variety of other asset classes. All in the form of CFDs, includes indices, hard metals, energies, cryptocurrencies, and forex. When it comes to fees, Libertex is one of the only stock trading apps that allows you to access your chosen market at zero spreads. As such, you only need to pay a small commission.

This will vary depending on the stock market or asset class you wish to trade but typically averages 0% to 0.5% per slide. An additional stand-out feature of the Libertex stock trading app is that the minimum deposit is just $10. This is perfect for those of you that wish to trade stocks on your smartphone but don’t want to risk large amounts.

You can easily get the best funds to invest into your Libertex account with a Malaysian Visa or MasterCard. E-wallets are also supported, as are bank account transfers. Finally, Libertex has been active in the trading scene for more than two decades.

4. Plus500 – Stock CFD Trading App with High Leverage

If you’ve got a bit of experience in the world of trading and seek access to leverage – the Plus500 app might be right for you. Put simply, the CFD trading app allows you to apply the leverage of up to 1:300.

This means that a $200 account balance would permit a maximum position size of $60,000. You do, of course, need to tread carefully when applying such high levels of leverage. Nevertheless, the Plus500 stock trading app gives you access to multiple markets.

This includes stocks listed in major markets like the UK, Europe, and the US – as well as places like South Africa and Australia. This ensures that you can diversify your exposure by trading several international exchanges. On top of stocks, the Plus500 is also considered one of the best crypto exchanges, apart from them the broker also offers forex, commodities, bonds, cryptocurrencies, and more. Once again, these are also in the form of CFDs.

Like all CFD trading apps, Plus500 offers long and short markets on all supported assets. This means that you can attempt to profit from rising and falling markets. Similar to Capital.com and Skilling, the Plus500 stock trading app is commission-free. This means that the only trading fee you need to be aware of is the spread.

Once you have opened an account with Plus500 – which should take you a couple of minutes, you will need to meet a minimum deposit of $100. You can do this with a debit/credit card, bank wire, or Paypal. Crucially, if you want to test the waters before making a financial commitment, Plus500 offers a fully-fledged demo trading facility within the app.

Read our in-depth Plus500 review here.

5. IG – Share Trading App Malaysia with 17,000+ Markets 

If you’re looking for a stock trading app that comes packed with thousands of supported markets, IG is likely to be of interest. This is because the provider offers more than 17,000+ CFD assets – all of which can be traded via the IG mobile app.

This covers thousands of stocks from dozens of international exchanges – making IG great for building a diversified portfolio. For example, you can trade stocks listed in the UK, Switzerland, Greece, Australia, New Zealand, Canada, Japan, Singapore, and more.

In terms of trading fees, IG charges a variable commission that will vary from market to market. There is also a minimum commission charged on all positions – meaning that this stock trading app might be better suited for larger stakes. For example, you can trade UK stock CFDs at a commission of 0.10%, but the minimum is £10.

If you were to trade Australian stock CFDs, this will cost you 0.08% at a minimum of AUD $7. When it comes to payments, you can fund your account from within the IG app – but only on Android phones. If you’re using iOS, this means that you’ll need to make a deposit via the desktop website.

Either way, the minimum deposit at IG is $300 – and you can choose from a debit/credit card or bank wire. Take note, if you use a credit card, there is a 0.5% and 1% fee when using MasterCard and Visa, respectively. Finally, you should have no concerns about safety when using IG. Not only is the provider heavily regulated, but it’s been involved in the brokerage space since 1974.

Read our comprehensive IG review to find out more.

Your capital is at risk when trading CFDs at this site.

6. AvaTrade – Best MetaTrader 4 Broker in Malaysia

AvaTrade is a globally regulated broker offering strong oversight from the Central Bank of Ireland, Australia Securities and Investments Commission, Financial Services Agency of Japan, and many others. With AvaTrade, users can trade from a variety of different trading accounts. This includes Spread Betting, CFD Trading, Options Trading, and Islamic Swap-Free accounts. The broker also offers access to professional trading accounts for serious traders.

Customer support is offered in more than 14 different languages Monday to Friday via Live Chat, Phone, and Email. Users can also access all the range of features trading with a MetaTrader 4 broker such as access to the MetaTrader Marketplace and Signals service.

Your capital is at risk when trading CFDs at this site.

7. Fineco Bank – Friendly-User Malaysia CFD Platform

Fineco Bank is one of these stock brokers that are a MUST to give a try if you’re a serious investor. This financial institution offers the best shares to buy and sell with competitive fees – just £2.95 per trade available for Malaysian traders.

Other fees include paying an annual fee of 0.25% on all stock investments. However, this is not a big deal, as still, Fineco Bank remains at the top of the low-cost share platforms available in the market. Plus, the Italian financial institution offers you access to international markets, as well as automated portfolios.

You should feel safe with the platform as a trader, as it’s heavily regulated by one of the most stricter financial watchdogs in the world: the Financial Conduct Authority (FCA). Yes, your funds are protected by the FSCS as well. You can get started by making a small investment of £100, allowing you to access a wide range of research tools, and a friendly-user platform to handle your account in an easier manner.

Your capital is at risk when trading CFDs at this site.

8. Bursa Anywhere – Best Stock Trading App for Malaysian Shares 

While all of the best stock trading apps that we have discussed thus far have focused on major marketplaces like the US and Europe, some of you might want to keep things closer to home.

As such, if you want to trade shares listed on the Malaysian stock exchange – then Bursa Anywhere is likely to be the best option. The mobile app – which is available on Google Play and Apple Stores, allows you to open a CDS account at the click of a button.

This is a requirement for you to be able to buy, sell, and trade Malaysian shares. Once you go through the motions of opening an account and making a deposit, you will then have unfettered access to your chosen stocks.

The good news is that Bursa Anywhere does not charge any fees to join, nor is there an annual maintenance charge.  In terms of user-friendliness, the Bursa Anywhere app has been designed with beginners in mind. The app is easy to navigate and finding your chosen marketplace is a breeze.

Additional features available within the app include Market-to-Market portfolios, alerts on corporate announcements, and the ability to transfer shares between accounts via FPX. The app also allows you to manage your e-dividends in a burden-free way.

Your capital is at risk when trading via this app.

9. Trading 212 – Best CFD Trading Platform for Mobile Traders in Malaysia

Under normal circumstances, if you don’t have any experience or knowledge of CFD trading, you are best advised to stick with a demo account facility until you get comfortable with how things work.

With that said, if you’re keen to trade with real money – Trading 212 allows you to get started with a minimum deposit of just $1. This is an inconsequential amount to trade – making it one of the best penny stocks apps, perfect for those of you that want to learn the ropes of CFD instruments bit-by-bit.

This is also commission-free at  Trading 212 – even on assets priced in a different currency. In terms of safety, Trading 212 has been offering brokerage services since 2004 – The provider is regulated and its mobile trading app has excellent reviews. For example, the app is rated 4.2/5 on Google Play and 4.7/5 on the Apple Store.

Your capital is at risk when trading via this app.

10. Pepperstone – Best Malaysia Stock Broker with MetaTrader 4 & 5

Pepperstone, a leading forex, CFD, and one of the best commodity trading apps, was established in 2010 and is headquartered in Australia. Over the years, it has experienced remarkable growth and has emerged as a global industry leader. With a vast client base of 300,000 active traders from 176 countries, Pepperstone enjoys a stellar reputation among investors and industry professionals alike.

Since its inception in 2015, Pepperstone has attracted a significant number of clients from Europe and Asia. Regulatory oversight for European customers is provided by CySEC. Furthermore, Pepperstone extends its online brokerage services to Malaysia. In the Asian region, it is under the regulatory framework of ASIC.

Aligned with its mission statement, Pepperstone aims to provide online forex investors with institutional-grade trading services of the MetaTrader 4 and 5. This allows traders to select the most suitable platform based on their preferences, including features, ease of trade execution, navigation, and more.

Best Investment Apps Malaysia Fees Comparison

We’ve now reviewed the best investment apps in Malaysia, but if you’re still struggling to choose, here’s a look at how they match up in terms of fees.

How to Choose the Best Stock App for You

So now that we have reviewed a selection of the best free stock trading platforms in Malaysia, we need to explain some of the key factors that you need to look out for before getting started. This will ensure that your chosen stock trading app is right for you and your financial goals.

Regulation

Irrespective of which stock market you are interested in trading, it is imperative that you only select a provider that is regulated.

These bodies are responsible for keeping stock trading apps in check – with respect to investor protection and customer care. In other words, just because these regularity bodies are not located in Malaysia, you will still benefit from the many safety nets that they provide.

For example, the regulated trading app in question will need to keep client funds in separate bank accounts from its own. The app will also need to ensure that it verifies the identity of all traders – with the view of keeping financial crime away from its platform. All in all, if you come across a stock trading app that isn’t regulated by a reputable body – avoid it.

User Experience

Although you might choose any of the  Malaysian stock and best forex trading apps because they offers low fees and commissions, it won’t be suitable if their end-to-end user experience is poor. We have come across plenty of trading apps that are really cumbersome to navigate, subsequently resulting in a sub-standard service.

At the other end of the spectrum, the best trading apps in Malaysia allow you to buy, sell, and trade stocks with ease. For example, Capital.com allows you to search for your chosen stock from within the app. Then, when it comes to placing a trade, everything has been fully optimized for the respective iOS/Android operating system.

This ensures that your trading experience is not hindered by a small screen. Additionally, the stock trading app should make it simple to perform research. This might come in the form of technical analysis or if offered – real-time financial news.

Ultimately, the best way to test out the user experience is to make use of the demo account offered by the app. For example, Capital.com provides demo accounts to all registered users. There is no requirement to make a deposit at the best paper trading apps. The demo facility at Captical.com comes pre-loaded with a $100,000 balance.

Tradable Stocks

As you might have noticed by reading our reviews of the best trading apps further up on this page, there can be a huge disparity in what markets you have at your disposal. For example, the Skilling app is largely focused on US stocks – meaning that you can trade the likes of Amazon, IBM, Tesla, and Apple.

Then you have Capital.com, which covers more than 2,400 stocks from many international marketplaces. If you are looking to focus exclusively on the Malaysian stock exchange, then you’d need to select a provider like Bursa Anywhere. Crucially, you need to check what stock markets the trading app offers before taking the next step.

It is also important to check whether you will be trading ‘real’ stocks or CFDs. Most stock investment apps specialize in CFD instruments, as they allow you to speculate in a low-cost environment. Stock CFDs are also the way to go if you want to engage in short-selling or apply leverage.

However, if you want to buy shares in the traditional sense – meaning that you will be a stockholder of the company in question, then you might want to consider IG. This is because you will be purchasing actual stocks and thus – be entitled to share dividend payments.

Fees

Stock trading fees can and will vary considerably depending on which provider you sign up with. In most cases, this comes in the form of a commission that is charged on each trade. For example, we noted earlier that IG charges 0.10% when you trade UK stocks. Although this might sound competitive, the provider also has a minimum commission in place. On UK stocks, that’s £10.

The good news is that the likes of  Capital.com, Plus500, and Skilling allow you to trade stocks on a commission-free basis. Other than the spread, this means that you can access your chosen market without worrying about trading fees. Libertex does things slightly differently, as the trading app charges no spreads. Instead, it opts for a low-cost commission structure.

• If you will be trading stocks with small stakes, then it’s best to go with a commission-free app.
• If you are planning to trade large volumes, then a zero or low-spread app might be better. Although you’ll pay a small commission, this is still likely to be more cost-effective.

It is important to note that even the best stock trading apps in Malaysia will often charge non-trading fees.

This might include:

• Ongoing maintenance fees that are charged monthly or annually
• Inactivity fees that are charged when your trading account is marked as dormant
• Transactions fees charged on deposits and/or withdrawals
• Overnight financing fees on CFD positions
• FX fees when you access non-Malaysian markets

All in all, if one of your main priorities when choosing a stock trading app is fees, then Capital.com stands out for us. This is because the mobile app allows you to buy, sell, and trade shares without paying any commissions – and spreads on major stocks are very tight.

Stock Trading Apps Tools & Features

You also need to think about whether you are interested in specific trading-related features.

Some of the most notable tools that we came across when reviewing the best stock trading apps in Malaysia are as follows:

Leverage

Leverage allows you to trade with more money than you have available to you in your stock trading account. In order to access leverage, you will need to trade stock CFDs. The amount of leverage that you can get will depend on the provider you sign up with.

As an example, Plus500 offers leverage of up to 1:300. This means that a $50 stake would be amplified to $15,000 in trading capital. Just remember that leverage can also amplify your losses – so make sure you understand the risks involved.

Fractional Shares

If you are a casual trader or looking to access the financial markets for the first time – you’ll like want to choose a provider that supports fractional shares. In doing so, you’ll be able to trade with much smaller amounts. For example, let’s suppose that you were interested in trading Amazon stocks.

With a share price of over $3,000 – this is going to be beyond the means of many. But, by using a stock trading app like Capital.com, the fractional ownership feature permits a minimum investment of just $20. You will still be a stockholder in Amazon, albeit, you will own a fraction of one share.

Education, Research & Analysis

Stock price change on a second-by-second basis and longer-term trends can change at a moment’s notice. As such, you need to have an understanding of what can influence the value of your stock trading position.

This is why the best stock trading apps in Malaysia also come packed with educational resources. This might include mini-courses, video explainers, guides, and a walkthrough of how to use the trading app itself.  In terms of actual research, the best stock trading apps allow you to perform chart analysis.

Some even include technical indicators like the MACD and RSI that have been fully optimized for small mobile screens. We also find that the best stock trading apps offer real-time financial news.

For example, if an important story breaks about one of your stock investments, the app will send a notification to your phone. This ensures that you are always kept abreast of key market developments.

Device Compatibility

If you’re interested in stock market apps for Android or iOS specifically, make sure that the provider supported your phone’s operating system.

Not only that but in order to get the full user experience, your mode might need to meet a minimum set of specification requirements.

In most cases, the best stock trading apps in Malaysia support both Android and iOS anyway. But, it’s worth checking nonetheless.

Payments

Don’t forget to check whether or not your chosen stock market app supports your preferred payment method. In Malaysia, most investors will look to deposit funds with a local debit or credit card.

These are supported by most stock trading apps – meaning that you can deposit funds instantly.  If, however, you want to use an alternative payment method like an e-wallet – you might need to do a little bit of digging. Libertex is great in this respect, as not only does the app support debit/credit card payments, but also Paypal, Neteller, and Skrill.

Once you have confirmed that your chosen stock market app supported your payment type, check to see whether any fees are involved. This might be an FX fee that is charged when you deposit in Malaysian ringgit.

Customer Service

If you need to speak with a customer service representative, then you’ll want to process to be as speedy and burden-free as possible. We find that the best stock market apps for Android and iOS in Malaysia offer an in-built live chat feature. This allows you to speak with a support member in real-time.

Alternatively, the stock app might offer a telephone support line too. With that said, if you are using a stock trading app that is located overseas, it might be costly to call them. It’s also worth checking what hours the customer service team works – especially if you’re using an international trading app.

Best Stock Trading App Malaysia – Conclusion

Never before has it been so easy to trade stocks on your mobile phone in Malaysia. In fact, Malaysians now have access to a huge pool of stock trading app providers – so this allows you to select a platform that meets your needs.

As we have discussed throughout this guide, you should focus on key specifications like tradable markets, fees and commissions, payment methods, and regulation.

If you don’t have time to research a provider yourself, we found that the best stock trading platform in Malaysia is Capital.com. The app is simple to use, supports 2,400 stocks, and crucially – is 100% commission-free.

Capital.com – Overall Best Stock Trading App Malaysia with 0% Commission

References 

• https://m.investing.com/equities/malaysia
• https://capital.com/trade-stocks
• https://fifthperson.com/buy-shares-malaysia-open-malaysian-brokerage-account/
• https://www.bursamalaysia.com/trade/trading_resources/equities/trading_procedures
• https://www.forbes.com/uk/advisor/investing/how-to-buy-stocks/

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