Best Trading Platforms to Buy Bursa Shares in Malaysia (2026): Webull vs Moomoo vs M+ Global vs Rakuten Trade

If you are ready to buy Bursa Malaysia shares but are unsure which broker to use, this guide compares four popular platforms: Webull Malaysia, Moomoo MY, M+ Global and Rakuten Trade.

We will walk through how each platform charges fees, what tools and markets they offer, and who they are best suited for. At the end, you can plug your own trade sizes into our Malaysia Brokerage Comparison Calculator to see which platform is cheapest for your personal trading style.

What Really Matters When Choosing a Broker

Most investors focus on headline commission rates, but there are several other charges and features that can make a big difference to your long-term returns. The main things to compare are brokerage, platform fees, minimum charges, standard Bursa fees, and the tools you get in return.

A broker with low headline commission but high platform or minimum fees may still be expensive for small trades, while a more full-featured platform might justify slightly higher costs if you actively use its tools and global access.

Quick Overview of Webull, Moomoo, M+ Global and Rakuten Trade

All four brokers discussed here allow you to trade Bursa Malaysia shares and open an account online with no minimum deposit. Where they differ is how they charge for each trade, and how much value you get from their platforms and extra features.

In short, Webull and Moomoo focus on low effective trading costs with modern tools, M+ Global follows a more traditional percentage-based structure, and Rakuten Trade uses a flat-fee brokerage table that can be attractive for very small trades.

Webull Malaysia: Percentage-Based Brokerage with No Platform Fee

Webull Malaysia is a modern trading platform that combines low brokerage with advanced tools such as deep charting, screeners and paper trading. For Bursa Malaysia stocks, ETFs, REITs, structured warrants and similar instruments, Webull uses a simple percentage-based brokerage and does not charge a platform fee.

Webull also supports US and Hong Kong markets, fractional US shares and interest on uninvested cash balances, which can be useful if you plan to build a global portfolio while keeping costs under control.

Terms & Conditions apply. Webull supports only liquidation of Over-The-Counter (OTC) stocks. Webull reserves the right to add, change or modify its fee schedule at its own discretion from time to time without prior notice.

Moomoo MY: Standard 0.03% Commission and RM3 Platform Fee

Moomoo MY combines competitive Bursa commission with strong global access and research tools. For Bursa stocks, ETFs, REITs and warrants, Moomoo charges a standard commission of 0.03% of the transaction amount, plus a flat RM3 platform fee per order, alongside the usual Bursa and government fees.

Stamp duty exemptions on ETFs and structured warrants (purchase only) until 31 December 2028 are a meaningful advantage for investors who use those instruments. Combined with deep research tools and international markets, Moomoo can be a good fit for globally minded investors who want both local and foreign exposure.

Terms & Conditions apply. The rate of 0 for selected fees is subject to change at Moomoo’s discretion and is valid until updated. All stock trading across markets is also subject to Malaysia’s stamp duty regulations where applicable.

M+ Global: 0.05% Brokerage with RM8 Minimum

M+ Global, part of the M Plus group, uses a traditional percentage-based brokerage model for Bursa trades. The key numbers to know are the percentage rate and the minimum charge per trade, which can make smaller orders relatively more expensive.

For larger trades, the 0.05% rate becomes the main cost driver. This structure can be reasonable for investors who typically trade in bigger ticket sizes and prefer a more conventional brokerage environment.

Terms & Conditions apply. M+ Global’s fees and minimum charges are subject to change, and all trades remain subject to Bursa clearing fees, Malaysia stamp duty and any applicable SST.

Rakuten Trade: Flat-Fee Brokerage Table

Rakuten Trade uses a tiered flat-fee structure instead of a simple percentage. This can be very cheap for small trades and less competitive for larger ones, depending on your typical trading value.

Rakuten also offers RT points to offset brokerage and a straightforward interface that many occasional investors find easy to use.

Rakuten Bursa Brokerage Table

Terms & Conditions apply. Rakuten’s flat-fee table and any promotional offers are subject to change. Bursa clearing fees, Malaysia stamp duty, a 0.01% levy on trades above RM1 million, and 8% SST on brokerage for selected products still apply.

Important Fee Notes and Terms

Brokerage and platform fees shown in this article are based on publicly available information at the time of writing and may change over time. Always verify the latest rates on each broker’s official pricing page before placing trades.

• Terms & Conditions apply. Each broker’s fee schedule is subject to its own detailed terms, including eligibility for promotional rates, account types and market-specific charges.
• “0” rates may change. Any rate of 0 (for platform fees or promotional commissions) is valid only until updated and may be changed at the broker’s discretion without prior notice.
• Stamp duty exemptions are time-limited. Stamp duty for Malaysian market trading of ETFs and structured warrants is exempted until 31 December 2028. After this date, normal stamp duty rules may apply unless extended.
• Malaysia stamp duty rules apply across markets. All stock trading across markets is also subject to Malaysia’s stamp duty regulations where applicable, even when brokers offer discounted commissions.
• OTC stocks on Webull. Webull supports only liquidation of OTC stocks; new OTC positions cannot be opened.
• Fee schedules can change without prior notice. Webull and other brokers reserve the right to add, change or modify their fee schedules at their own discretion from time to time without prior notice.

Example: RM10,000 Bursa Trade Across All Four Brokers

To see how these fee structures play out in practice, imagine you buy RM10,000 worth of Bursa shares. Ignoring smaller SST effects and focusing on core fees, the costs look like this on the buy side:

On a single RM10,000 trade, the difference between the cheapest and most expensive platform in this example is around RM5–7. Over many trades, and especially if you use smaller ticket sizes, these differences can compound significantly.

Which Broker Is Best for You?

If you care most about cost and modern tools, Webull Malaysia and Moomoo MY are likely to be at the top of your list. Webull’s 0.05% brokerage with no platform fee is straightforward and competitive, while Moomoo’s 0.03% commission plus RM3 platform fee can be very efficient for medium-sized Bursa trades and ETF or structured warrant purchases that benefit from stamp duty exemptions.

M+ Global may suit investors who trade larger amounts and prefer a traditional brokerage feel, while Rakuten Trade can be appealing for very small trades and occasional investors who value simplicity and rewards points. The “best” broker depends on how often you trade, how much you invest each time, and how much value you place on tools and global access.

Final Thought

The best trading platform for Bursa Malaysia is ultimately the one that fits your goals, your trading habits and your comfort level while keeping unnecessary fees as low as possible. Take time to compare, try the apps and start with small amounts until you are confident in how each broker works.

References

• Official pricing pages from Webull Malaysia, Moomoo MY, M+ Global and Rakuten Trade.
• Bursa Malaysia fee schedules and stamp duty rules.
• Public discussions and user experiences from Malaysian investing communities.