Bursa Malaysia: Brokers Comparison

If you are looking for a new brokerage firm to begin investing in stock market of Bursa Malaysia, or if you're looking for a new brokerage firm that's more suitable to your investment style, this is the right place.

We hope this guide will help you compare online brokers of Bursa Malaysia and find the broker that's right for you.

Broker **	Overall Rating *	Online Brokerage Fees	Trading Limit	Payment Method
Affin Bank		0-100k: 0.42% >100k: 0.21% Intraday: 0.15% Minimum: RM28	1 x cash collateral	Online payment: Affin Bank, CIMB, Maybank.
JF Apex		0-100k: 0.42% >100k: 0.21% Intraday: 0.15% Minimum: RM28	1 x cash collateral	Online payment: Public Bank, Hong Leong Bank, CIMB, Maybank, Bank Islam.
CIMB		0.42% Minimum: RM28	3 x cash collateral + 2 x share collateral	Online payment: CIMB, Maybank, Public Bank, Hong Leong Bank, Bank Islam.
ECM Libra		Cash Upfront: 0.08% Minimum: RM12 Collateralised: 0-100k: 0.35% >100k: 0.20% Intraday: 0.08% Minimum brokerage: RM12	Cash Upfront: 1 x cash collateral Collateralised: 2 x cash collateral + 1 x share collateral	Online payment: CIMB.
Hong Leong Bank		0-100k: 0.38% >100k: 0.18% RM12 minimum brokerage	2 x cash and stock collateral	Online payment: Maybank, Hong Leong Bank.
HWANGDBS		0-100k:0.42% >100k: 0.21% Intraday: 0.15% Minimum: RM 12 - RM28	1-5 x cash collateral (based on dealer's recommendation)	Online payment: Maybank2u, Public Bank, Standard Chartered
Jupiter Securities		Cash Upfront 0-50k : 0.10% >50k: 0.05% Minimum: RM10 Collateralised 0-100k: 0.30% >100k: 0.20% Intraday: 0.10% Minimum: RM12	Cash Upfront: cash balance - transaction costs Collateralised: 2 x cash collateral + 1.5 x stocks collateral	No online payment. Fund transfer via Maybank, HSBC, CIMB, RHB, Publick Bank, EON Bank.
Kenanga		0-100k: 0.49% >100k: 0.21% Minimum: RM28	1 x cash collateral	No online payment. Fund transfer via Standard Chartered Bank , Maybank, HSBC, CIMB, Publick Bank.	-
Maybank		0.42% Minimum: RM12	1 x cash collateral	Maybank
OSK		0-100k: 0.7% >100k: negotiable Minimum: RM12	1 x cash collateral	No online payment. Payment by cheque or direct bank in to branch account.	-
Public Bank		0.42% Minimum: RM12	1 x cash collateral	No online payment. Direct bank in via Maybank or Public Bank.	-
RHB		0.42% Minimum: RM12	1 x cash collateral	No info available.	-
SJ Securities		0.42% Minimum: RM12	1 x cash collateral	Online payment via Maybank2u.com. Bank in to Maybank or CIMB.	-
TA		Discount subjected to dealer's recommendation and company's approval.	1 x cash collateral	No online payment. Direct bank in to branch account.

* Overall rating of each broker is derived based on competitive fees, product offerings, ease of payment/withdrawal, availability of information, and the features of the broker's online trading portal.



Source: i3investor