Best Stock Trading App Malaysia – Top App 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 stock trading apps in Malaysia of 2021 and the best stock app Singapore. 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 2021

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.

  • eToro – Overall Best Stock Trading App Malaysia with 0% Commission
  • Libertex – Low-Cost CFD Stock Trading App with ZERO Spreads
  • Skilling – Best Trading App Malaysia with MT4
  • Plus500 – Stock CFD Trading App with High Leverage
  • IG – Share Trading App Malaysia with 17,000+ Markets
  • Bursa Anywhere – Best Stock App for Malaysian Shares

Best Stock Trading App Malaysia & Best Stock App Singapore 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 apps in Malaysia and Singapore right now.

1. eToro – Overall Best Stock Trading App Malaysia with Zero Commission

With more than 17 million clients under its belt, eToro is now one of the largest and most popular stock trading apps in the investment space. The platform gives you access to many asset classes – which includes more than 2,400 stocks across 17 international markets.

This means that you can trade stocks that are listed in the US, UK, Hong Kong, Canada, Germany, and more. On top of stocks, you might also be interested in trading ETFs, indices, cryptocurrencies, or commodities – all of which are available on the eToro app.

Regardless of what stock market or asset class you want to trade, eToro is a 100% commission-free broker. This means that there are no trading fees to take into account other than the spread. Plus, the stock trading app provider charges no ongoing maintenance fees – which is perfect for long-term investors.

Although the minimum deposit at eToro is $200, the app allows you to buy and trade stocks at a minimum of $50. This is because eToro is a proponent of ‘fractional shares’. In simple terms, this means that you can buy a fraction of a share, as long as you meet the minimum of $50. eToro also offers automated trading features, which allows you to invest in the markets in a passive way.

For example, the Copy Trading feature allows you to copy the stock trades of an experienced investor. Then you have CopyPortfolios, which are portfolios professionally managed by the team at eToro. These two automated investment tools are also commission-free.

When it comes to safety, eToro is licensed by three tier-one bodies. This includes the FCA, ASIC, and CySEC. In terms of funding your eToro stock trading account, the provider supports several Malaysian payment methods. This includes debit and credit cards backed by Visa/MasterCard, and bank transfers, and e-wallets like Paypal.

Pros:

  • Regulated by the FCA, CySEC, and ASIC
  • Trusted brand with over 13 million client accounts worldwide
  • Buy stocks without paying any commission or share dealing charges
  • Social and copy trading
  • Buy stocks or trade CFDs with leverage
  • 2,400+ stocks listed on multiple international markets
  • Personalised eToro account where you can set up trading price alerts

Cons:

  • Not suitable for advanced traders that like to perform technical analysis

67% of retail investors lose money trading CFDs at this site.

 

2. 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 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, this 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 funds 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, and it holds a license with regularly body CySEC.

Pros:

  • Zero spread CFD trading
  • Good educational resources
  • Long established broker
  • Compatible with MT4
  • Competitive spreads

Cons:

  • Only offers CFDs

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

 

3. Skilling – Best Stock Trading App Malaysia with MT4

Skilling logo

Skilling is a popular online trading platform that also offers a mobile app. The provider specializes in CFD instruments – covering more than 800+ marketplaces. In terms of tradable stocks, this mainly centers on major US companies like Amazon, Apple, Google, Facebook, and Tesla.

You can also trade forex, indices, commodities, and cryptocurrencies. Once you have downloaded the Skilling app, you can trade your chosen stock CFD without paying any commission. Spreads are usually very competitive too, with some markets starting from just 0.1 pips.

With that said, Skilling also gives you the option of trading via the MT4 app. This will suit those of you with a bit of experience in the stock trading scene. After all, MT4 comes packed with innovative tools and chart reading indicators, as well as the ability to deploy automated robots.

Either way, opening an account at Skilling takes less than 5 minutes. The minimum deposit is just $100 and you can choose from a variety of payment methods. This includes debit/credit cards and e-wallets. When it comes to the safety of your funds, Skilling is regulated by CySEC and FSA, and is authorized by the FCA.

Pros:

  • More than 800+ tradable markets
  • Commission-free share trading with tight spreads
  • Several trading platforms supported
  • Allows algorithmic trading
  • Regulated by CySEC and the FSA
  • User-friendly mobile app for iOS and Android

Cons:

  • Does not support ETF trading

75% of retail investor accounts lose money when trading CFDs with this provider.

 

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 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 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 eToro 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 account facility within the app.

Pros:

  • Heavily regulated trading platform
  • 0% commission on all forex trading positions
  • Leverage facilities available
  • Mobile app is highly rated
  • No transaction fees
  • Account minimum just $100
  • Heaps of forex pairs supported
  • Thousands of CFD instruments

Cons:

  • Does not offer traditional investment assets

80% of retail investors lose money trading CFDs at this site.

 

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 app review to find out more.

Pros:

  • Trusted investment app with a long-standing reputation
  • More than 17,000 markets
  • Supports MT4
  • Leverage and short-selling also available
  • Access to dozens of international markets
  • Great research department

Cons:

  • Minimum deposit of $300
  • US stocks have a $15 minimum commission

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

 

6. 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.

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.

 

How to Choose the Best Stock App for You

So now that we have reviewed a selection of the best stock trading apps 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. For example, the likes of eToro are licensed by three reputable financial bodies – the FCA (UK), CySEC (Cyprus), and ASIC (Australia).

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 a Malaysian stock trading app because it offers low fees and commissions, it won’t be suitable if the 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, eToro 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.

eToro research

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, eToro provides demo accounts to all registered users. There is no requirement to make a deposit and the demo facility comes pre-loaded with a $100,000 paper trading app 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 eToro, which covers more than 2,400 stocks from 17 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.

eToro stock app

It is also important to check whether you will be trading ‘real’ stocks or CFDs. Most stock trading 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 eToro. 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 eToro, 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 eToro 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 usually less than 0.25%.

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 eToro, the fractional ownership feature permits a minimum investment of just $50. You will still be a stockholder in Amazon, albeit, you will own a fraction of one share.

Automated Trading

If you are an experience day trader that understands the ins and outs of the stock market – then automated trading might not be of interest to you.

eToro copy trading

But, if you’re a complete newbie with virtually no knowledge of stock trading – this is a great way to get involved without needing to lift a finger.

  • For example, the Copy Trading feature at eToro allows you to choose an experienced investor that mirrors your financial goals.
  • This might be a trader that takes a long-term buy and hold strategy on major US stocks.
  • Once you have selected a trader, you will then copy their portfolio at a proportionate amount to what you choose to invest.
  • For instance, you might invest $200 into the copy trader – who risks 10% of their portfolio on Apple shares. In turn, you would invest $20 into Apple (10% of $200).

Crucially, automated trading features are ideal if you are a stock trading newbie.

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.

eToro research

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 supported 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. eToro 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.

How to Download the Best Stock App & Start Trading

If you’re ready to start trading stocks on a top-rated app right now – we are going to walk you through the process with a commission-free provider eToro.

Step 1: Visit the eToro Website and Open an Account

The account opening process at eToro takes less than 5 minutes:

All you need to do is head over to the provider’s website, click on ‘Join Now’, and then enter the following information:

  • Name
  • Home Address
  • Date of Birth
  • Email Address
  • Mobile Number
  • Tax Identification Number
  • Username/Password

eToro will also send an SMS to your phone with a unique code. Enter this when prompted to verify your mobile number.

Step 2: Download the Stock Market App

You can now download the eToro stock app directly from the provider’s website. By clicking on the respective Google Play or Apple Store button, you will be redirected to the official download link.

eToro stock app Australia download

Step 3: Log In

Once you have installed the eToro app on your phone, open it up and log in with your newly created username and password.

eToro Australia stock app open account

Step 3: Deposit Funds

If you want to trade via the eToro demo account facility, there is no requirement to make a deposit at this stage. But, if you want to start trading with real money, you will be prompted to select a payment method.

You can choose from the following:

  • Debit Cards
  • Credit Cards
  • Paypal
  • Neteller
  • Skrill
  • Bank Transfer

Irrespective of your chosen payment method, the minimum deposit at eToro is $200.

Step 4: Buy/Trade Stocks with the Best Trading App Malaysia

You should now have the eToro app installed on your phone with a fully-funded trading account. If so, you are ready to place your first stock trade.

First, search for the stock that you wish to trade. When the required stock loads up, click on the ‘Trade’ button.

Then, you need to set up a stock trading order. While the likes of stop-loss and take-profit orders are optional, you will need to choose from a buy or sell order. This tells eToro whether you think the stock will rise or fall in value.

Finally, click on the ‘Open Trade’ button to complete your commission-free stock trade!

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 app in Malaysia is eToro. The app is simple to use, supports 2,400 stocks across 17 international markets, and crucially – is 100% commission-free.

eToro – Overall Best Stock Trading App Malaysia with 0% Commission

67% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

Which is the best stock trading app for beginners Malaysia?

Our extensive review process found that eToro is the best stock trading app in Malaysia. On top of offering 17 international stock marketplaces in a commission-free environment, the eToro app offers a superb user experience. We also found that eToro is the best stock app Singapore.

How do beginners trade stocks Malaysia?

The process is very straightforward when using a beginner-friendly stock trading app like eToro. All you need to do is open an account and deposit funds - a process that should take you just 5 minutes. Then, it's just a case of choosing which stock you want to trade and at what stake (minimum $50).

Can you trade stocks for free Malaysia?

Yes, apps offered by eToro, Plus500, and Skilling allow you to trade stocks in Malaysia commission-free.

Are Malaysia stock trading apps safe?

Yes, all of the stock trading apps reviewed on this page are regulated by at least one reputable financial body.

What shares can you trade on a stock app Malaysia?

This depends on the stock trading app provider. For example, some providers support lots of international exchanges, while others focus on just one. eToro offers 17 international markets, which gives you ample opportunity to diversify.

Can you trade stocks in Malaysia with leverage?

Yes, many of the top stock trading apps we have discussed on this page allow you to trade with leverage.

 

About Kane Pepi

Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Kane has also written for websites such as MoneyCheck, the Motley Fool, InsideBitcoins, Blockonomi, Learnbonds, and the Malta Association of Compliance Officers.