Online stock broking offer more benefit than the conventional ways of trading through phone calls. No more excution delay because of remiser not in the office or engage with other clients. The most important reason why online stock broking is attractive is due to low brokerage fees and also there are an option for mobile trading.
Because of too many stock brokers available, it become difficult to choose which one is suitable. The comparison table below may help for you to make decision.
This list is still not final as some of the info is not available at their respective website. Feedback from readers are appreciated in order to complete the comparison. Kindly leave your comments if you like to add or found there are errors in the comparison table.
| Broker Name | Brokerage Fee | Intraday | Platform | Mobile Trading | Interest on Balance |
|---|---|---|---|---|---|
| A&A Anthony | 0.6% or RM40 (below RM100k) | 0.15% | ActiveX (Excel Force) | Yes (Free) | Yes |
| 0.3% or RM40 (above RM100k) | |||||
| Affin Trade | 0.42% or RM28 (below RM100k) | 0.15% min RM28 | Java (N2N Connect) | Yes (Not Free) | Yes |
| 0.21% or RM28 (above RM100k) | |||||
| 0.20% or RM12 (Cash) | |||||
| Alliance Share | 0.7% or RM28 | ?? | ActiveX (Excel Force) | No | ?? |
| AmeSecurities | ?? | ?? | Java (N2N Connect) | Yes (Not Free) | ?? |
| APEXeTrade | 0.60% or RM28 (less RM100k) | 0.15% | Java (N2N Connect) | Yes (Not Free) | Yes |
| 0.3% or RM28 (above RM100k) | |||||
| CIMB i*trade | 0.42% or RM28 | 0.15% | Java (N2N Connect) | Yes (Not Free) | Yes |
| CIMB ClickTrader | RM8.88 | ?? | Java (N2N Connect) | ?? | No |
| ecmmoney.com | 0.2% or RM12 (Non-Cash) | 0.08% | ActiveX (Excel Force) | No | Yes |
| 0.08% or RM10 (Cash) | |||||
| HLeBroking | 0.42% or RM12 (below RM100k) | 0.1% | ActiveX (Excel Force) | Yes (Free) | Yes |
| 0.21% or RM12 (above RM100k) | |||||
| HWangDBS | 0.7% or RM28 (below RM100k) | ?? | Java | ?? | ?? |
| 0.5% or RM28 (above RM100k) | |||||
| Jupiter | 0.2% or RM12 (Non-Cash) | ?? | ActiveX (Excel Force) | Yes (Free) | Yes |
| 0.1% or RM10 (Cash, below RM50k) | |||||
| 0.05% or RM10 (Cash, above RM50k) | |||||
| Kenanga | 0.7% or RM28 (below RM100k) | ?? | Java (N2N Connect) | Yes (Not Free) | ?? |
| Negotiatabe for above RM100k) | |||||
| Maybank | 0.42% or RM12 | ?? | ActiveX (Excel Force) | No | ?? |
| Mercury Straightthru | ?? | ?? | ?? | ?? | ?? |
| MIMB | ?? | ?? | ActiveX (Excel Force) | No | Yes |
| OSK188 | 0.42% or RM12 | 0.15% | Java | Yes (Not Free) | Yes |
| Public Invest | 0.42% or RM28 | ?? | ActiveX (Excel Force) | No | Yes |
| RHB Invest | 0.42% or RM12 | ?? | ?? | Yes | ?? |
| SJ Securities | 0.42% or RM28 (below RM100k) | 0.15% | Java (N2N Connect) | Yes (Not Free) | Yes |
| TA Online | ?? | ?? | Java (N2N Connect) | Yes (Not Free) | ?? |
Which broker or brokers that you choose? For me I have an account with HLeBroking & recently open an account with Jupiter. Now mostly I trade with Jupiter as they have low brokerage fees & also due to availability of mobile trading.
Update History :
20th February 2012 – Update A.A.Anthony Securities Brokerage Fee (Ivan)
19th December 2011 – Update ecmmoney.com Brokerage Fee (Winsun)
29th November 2010 – Update APEXeTrade Brokerage Fee
15th October 2010 – Update PublicInvest Brokerage Fee
13th August 2010 – Update OSK188 Intraday Brokerage Fee
16th May 2010 – Update AffinTrade Brokerage Fee
5th May 2010 – Update ecmmoney.com
29th April 2010 – Update SJ Securities Brokerage Fee
1st April 2010 – Update APEXeTrade Brokerage Fee
19th March 2010 – Add TA Online
16th March 2010 – Update ecmmoney.com
10th March 2010 – Update CIMB i*trade Interest On Balance
22nd February 2010 – Update RHB Invest Brokerage Fee
ecmmoney is now ecmmoney.com
Offers 4 exciting online products like never before.
Check it out
Star mentioned below
http://www.thestar.com.my/news/story.asp?file=/2010/2/26/business/5751180&sec=business
CIMB i*Trade pays interest on balance.
Thanks g1, table updated.
Special Day Trading
No Gain, No Pay!
Brokerage fee on same stock same day
Check it out, today’s Edge mentioned
hello,
why is Maybank crossed out?
I not intentionality cross it out. It is the problem with wordpress I think. I repair it a few times but the problem coming back.
Just an update from apexetrade here. the online etrading brokeage fee is 0.42%. Thanx.
I am a remisier at apexetrade. Let me know if you have any questions. thanx.
Hi Yee
The minimum fees is RM28 or RM12. What is intra-day brokerage fee? Any interest on balance?
RM28 for minimum fees, intra day brokeage is 0.15%, Yes interest is imposed on balance, but the precentage fluctuate.
for >100k per contract ( per transaction ) , brokeage fee is 0.3%.
Thanx.
for contract above 100k, what is fee for online transaction? also 0.3%?
Just to fill in the blanks for SJ Securities. Their online brokerage rate is 0.42% min. RM28 (RM100K) & 0.15% for Intraday.
They also offer Interest free Margin account. Can’t find other better deals around. You should check it out.
Cheers!
Thanks Julian 🙂 Table updated.
hi,
i am new, any body can inform name of malaysian stock boker that provide online with new york stock exchange
As far as I know, there is no Malaysian broker that provide realtime NYSE price. To trade at NYSE just register with US broker such as Just2trade or Sogotrade.
if merger of maybank with kim eng done..
might be we can have that service..hehe..
i hope so..haha..
mr. 1mdb.com, ur blog very useful.. =)
already become your twitter follower..
rhbinvest providing foreign market includes nyse,nasdaq and amex.
Hi, I’m an Affin CRM/Finance exec. FYI the AffinTrade brokerage rates are 0.42% min RM28(RM100K),0.20% min RM12(AffinTrade+cash upfront) & 0.15% min RM28(AffinTrade+Intraday).Tqvm.
Correction for Affin Trade:
0.42% min RM28 (below RM100K)
0.21% min RM28 (above RM100K)
tq.
Thanks, information updated
Is there a minimum amount that we need to trade?
Is RM1000 enough for starters?
The minimum is 100 unit of shares irrespective on the amount of money.
Morning! Fantastic info u got here. I would like to ask a question, if you don’t mind.
In the Brokerage Fee section, there’s the percentage if Cash. For non-cash, there’s 100k. Why no same info for cash? Does it mean that for cash, no matter how big u trade, the percentage is the same?
Thanks!
And keep up the good work!
Hi, some broker does not offer special rate cash account. The broker that do have normally their fee is flat which is not dependent of the trading amount.
I think your table will be more complete if you indicate if each of these is a nominee account or direct holder account.
I have Public account and its a nominee account. I am looking for a direct holder account, which one recommended?
Thanks for the suggestion. I will look into it.
By the way I have Nominee account with HLeBroking and Direct account with Jupiter Securities. Both of them are good.
Hi thanks for listing out this extremely useful comparison table. It helps me a lot.
May I suggest to include a link to download the mobile app for trading for those brokers that support mobile trading?
shanyung,
Hi, I will look into it as I have limited space available for more information.
I heard that HLeBroking also offer Cash Upfront Rate 0.1% flat. Am I right? How to get more info on it?
Kent,
I am sorry, I don’t know about this.
osk intraday 0.15%, by phone rm 10 min
hong,
Hi, table updated on intraday charged. How much is the minimum for internet trading? RM10 or RM12?
hi im having problem with current brokerage.
im looking a platform which wil allow me to park my sell/buy order.
any advice
Hi, what do mean by park?
For Public Invest, min. is RM28 not RM12.
Updated. 🙂
Hi, i thought Maybank already use RM28 min per trade? thanks
Hi I am not so sure. I don’t have account with them. If you have please let me know.
For Public Bank there are public Invest and Public Online share. As I know both have different site to log in. Example
http://www.pbebank.com/en/en_content/personal/index.html (Public online share)
https://www.publicinvestbank.com/pbswecos/ (Public Investment bank)
What is the different between this 2.
Thanks…
Hi,
I don’t have any account with Public Bank for share trading to test out. I hope somebody out there to do the test.
The link for public online share direct you to online banking.
Hi,
I’m just starting….
Can I assume that Jupiter is the best ?
Thanks.
I am using it for more than a year now. Everything is good!. 🙂
Bro,
I’m interested to open account with jupiteronline,but wonder their support is good?
Because i emailed them already 2 day no reply from them.
I seldom contacting them but when I do, the response was very quick. When you open an account you will be assign to 1 remiser. You can contacting him/her directly.
I got an untrusted warning when I try to click on the public invest link. Do you get the same?
I just open an Public Sharelink account (I believe this is what you guys mean for Public Online Share) which is using the PBebank login.
Well, it looks like Jupiter has the lowest fees and reliable. I think active trader should use it then?
maybank brokerage..
cash
0.1% min rm8
non-margin/contra
below 100k – 0.42% min rm12
above 100k – 0.21%
intra – cash (same) : contra (0.15%)
interest on balance: yes
based on Premier One/Premier Mudarabah account interest
http://goo.gl/6IJyM (PMA)
http://goo.gl/uHyIS (PM1)
Hi there, may I know what is the risk of paying cash, since it’s the cheapest amount?
Hi Ken,
There is no risk, in fact is it better since you are using only the money that you have.
hi.
im new.i jz open an acc in itrade.are u using itrade as well?..doest it hv min amount of stock that i need to follow??and what in intraday?how it will charge?Thanks
lim
lim,
I don’t have any account with CIMB itrade. Normally any broker does not ask for minimum number of stock to follow.
Intraday means that you buy & sell the same stock on the same day.
Since Jupiter offers the best brokerage fees, how shall I contact them to open a trading account with them.Pls assist.
nur,
To open account, the best is to visit their office.
Tks for the info.
For Amesecurities:
Cash upfront:
100k – 0.15%(buy) 0.20%(sell)
min brokerage: RM28
Intraday: 0.15%
Intereset on balance: 2.45%
<100k – 0.20%(buy) 0.40%(sell)
Thanks Ashraf, will update the table soon.
I am new. What is the advantage to open an account between nominee and direct?
Thanks.
Hi there,
Thanks for compiling the table.
Any ideas which stock brokerage firm above support foreign stock trading?
CK Lim,
Many of them support foreign stock such as OSK, HLeBroking & CIMB.
Hi, I think you miss one broker, Insas,
http://www.mnaonline.com.my/
Thanks Theodore Teow, will add later. Do you happen to have details of their service?
Any idea what is the online rate for TA ,hwang ,Kenanga? I trade CIMB online 0.42%,i heard other broker offer lower brokerage.
just wondering, if these broker provide you with a research if you open an online trading accout? does anyone knows?
littus, they do provide if they have.
Dear 1 million blog, please update new brokerages for ecmmoney.com
Cash Upfront
0.08% or min RM 10, whichever is higher (Effective July 2011)
Non Cash Upfront
0.20% or min RM 12, whichever is higher (Effective July 2011)
Further details, http://www.ecmmoney.com under Products
Thanks winsun, table updated. Its getting better for cash upfront. When ecmmoney want to offer mobile trading? I may open an account you you do.
Hi,
I am non-Malaysian student in one of the university in KL, and I do not have any employment license, so is it possible for me to start online stock business in Bursa Malaysia? please guide me what should I do to start (buy & sell) of the share.
Nasir. you may look at “stock Market Guides” section in this category for information on how to trade.
Dear 1 million blog,
There are some updates from A.A.Anthony Securities.
Brokerage Fee:
0.6% or RM40 (below RM100k)
0.3% or RM40 (above RM100k)
Intraday:
0.15%
Mobile Trading:
Yes (Free). You may download this application – “CyberTrade” on App Store (IOS) or Market (Android) with your smart-phones, tablets or I-pads.
Interest on Balance:
Yes
Best Regards,
Ivan
(Development Executive from A.A.Anthony Securities)
Thanks Ivan, table updated
Appreciate your effort in updating the timetable..
its very useful for newbie..
thank you 1-million-dollar-blog for all the information. all the trading jargon used to scare me so much but you explained it in simple terms to help newbies like me to understand. thanks for the effort 🙂
I want to trade with my android phones, can you suggest any good brokerage…
i will like to ask OSK online brokerage fees is rm28 now or rm12??
Dear 1mdb,
Additional info about Maybank2u online share trading.
Maybank HOT broking cash upfront brokerage 0.1% min RM8. It is an Islamic stockbroking. Mobile trading is also available and it’s free. I have been using this service for quite some time.
Hi,
What are the latest brokerage fee and offers for Maybank? What are the differences between Maybank2u Share Trading and Maybank IB offer for opening trading account? Do they have a cash upfront online trading account? I tried to finding out their products info but could find it a bit confusing.
If you opt to Maybank IB you’ll get Direct CDS account. If opening with Maybank Equity Investment Centre (or Maybank Share Investment Center) you’ll get nominee CDS.
So, with one to choose? As for me, I opened both. Why? I use the Direct CDS to apply public IPOs. Once alloted, I transfer the shares to my nominee CDS as its brokerage fee is much cheaper (i.e., 0.10%, min RM8. This rate is for cash upfront)
As for trading online, both type of account use the same platform , i.e., Maybank Online Share Trading, an IE-based platform.
Hi, great comparison table, could you include the interest rate as well?
Dear author
I am going to write my Phd thesis and I need some data which I could cited by them as my reference, u have lots of useful information on your blog e.g. about Transaction Cost but they are not cited able, so I would be thankful if u help me in this matter.
akhbar, you can cited my blog 🙂 🙂
that is correct that your blog is a refrence but if you can guide me more I will be greatful
thank you
something which is missed in your sight is “about us” in my idea you should put this part in your sight
excuse me, May I know what is intraday?
Dear moderator,
I am the business development person representing SJ Securities Sdn Bhd in relation to SJenie.
Here are some changes to the brokerage services we offer and hope that you would amend your article to reflect the changes:
OLD: 0.42% or RM28 (below RM100k)
NEW: 0.42% or RM12 (below RM100k), 0.35% or RM12 (above RM100K)
OLD: Java (N2N Connect)
NEW: N2N Connect (no longer needs JAVA, can run on all browsers including Apple Safari)
OLD: Mobile Trading: Yes (Not Free)
NEW: Mobile Trading: Yes (Free), available for Android (Google Play) and Apple iPhone and iPad (iOS)
Please do not hesitate to contact me should you need further enquiries, thank you.
Hi,
Am Securities is best rate now. 0.03% or RM6 (which ever is higher). I just signed up as they are having promotion currently.
http://www.amesecurities.com.my/gc/web/Promo.jsp
Jen
Im new for this stcok investment.I wanna open CDS account.Which bank you all will recommend for now?
What different between Trade Account and Securitized Trading Account
Hi,
Thanks for the info.
Your blog is great.
Provide so many insight.
Anyway, the intraday fee is additional fee on top of the brokerage fee or if you trade intraday, the brokerage fee is waived and only intraday fee is imposed?
You will be only change one time depending on your trading, either intraday or normal fee, depending on your trade.
Hi, I’m totally new in this field. Just started to understand it.
I wish to know the different between Maybank eshare Application, Maybank Online Stock and Maybank H.O.T Broking.
Which one better?
For CDS account, is it a must before start any invest on this?
The brokerage fee is per transaction?
What does it mean for Intraday?
Sorry for so many Qs…
Appreciate your reply 🙂
Hi, maybe you could start by reading this guide (4 series article)
How to Open Trading Account
I think this list should be updated to 2016 version. 🙂
INTER-PACIFIC SECURITIES SDN BHD (12738-U):
https://www.paconline.com.my/gcIPS/main.jsp