In order to trade successfully, it is very important to choose the right broker. in Malaysia, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best stock brokers for beginners in Malaysia 2026. You can compare their features and trading conditions.
1
SpeedTrader - Best for beginners in Malaysia
SpeedTrader is an online US based broker dealer that started operations in 1999. The broker is regulated by the Financial Industry Regulatory Authority (FINRA, CRD#: 107403/SEC#: 8-53035) and is a member of the Securities Investor Protection Corporation (SIPC). SpeedTrader provides online trading platforms that offer trading in US stocks, ETF’s, OTC stocks, and options for active traders. Key offerings include Direct Market Access (DMA) routing, short locate services for shorting stocks, and the ability to trade and receive shares of most OTC stocks. The company is headquartered in New York, USA.
👍 Advantages of trading with SpeedTrader for traders from Malaysia:
•25+ order routing choices including DMA.
•Vast short locate availability.
•OTC stock trading including Expert Market & Caveat Emptor.
•SIPC insurance coverage and FINRA membership.
•Availability of an affiliate program.
•Multiple trading platforms.
•Online chat for urgent issues.
•Support in English, Spanish and Chinese.
•Available to US and most International based traders
👎 Disadvantages of SpeedTrader for traders from Malaysia:
•The high minimum deposit for day trading (from $30,000) and ($2500) for non-day trading.
•Inability to trade cryptocurrency and Forex instruments.
•Time-limited free demo account of two weeks.
2
TradeZero International - Best for beginners in Malaysia
TradeZero International is a Bahamian broker that provides its clients with access to the interbank market for stock trading. The platform allows you to trade limit orders for NYSE, Amex, and Nasdaq securities for free. Leverage, depending on the parameters of the order, ranges from 1:2 to 1:6. There are no templates for day trading. The broker has developed four trading platforms - ZeroPro (desktop), TZ1, ZeroFree (web), ZeroMobile, which make it possible to trade with maximum comfort, regardless of the level of the trader and his preferences. The platforms integrate technical analysis tools, news, and analytics. Recognized by leading industry awards for short selling, active trading technology, and paper trading. TradeZero has been named Best Brokerage for Short Selling at the Benzinga Fintech Awards for six consecutive years (2020–2025), along with the Chairman’s Award for Excellence in Active Trading Software for TZ1 in 2025 and Best Paper Trading Platform in 2024. In 2026, TradeZero was also named Best Broker for Short Selling (MEA) at the UF Awards.
👍 Advantages of trading with TradeZero International for traders from Malaysia:
•The broker allows you to trade all stocks that are listed on the NYSE, Amex, and Nasdaq exchanges.
•In addition to shares, trading in ETFs and options is available on objectively favorable terms.
•Limit orders greater than $1 and containing up to 200 shares are not subject to commission.
•The broker has proprietary software for working from a desktop, in a browser, and on a mobile device.
•Transparent pricing policy, fixed deposit/withdrawal commissions.
•No commissions on the first deposit.
•The broker provides an extensive pool of educational materials for traders of different levels.
•Fast technical support in live chat, and there is a multi-channel call center and email.
👎 Disadvantages of TradeZero International for traders from Malaysia:
•The minimum deposit is $500. It does not charge a commission, but this is a significant amount, which sometimes repels beginners.
•Technical support is not around the clock or on weekends.
•Service priority is given to premium accounts.
3
eToro - Best for beginners in Malaysia
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders from Malaysia:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders from Malaysia:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
4
TD Ameritrade - Best for beginners in Malaysia
TD Ameritrade (Charles Schwab) is an American broker that provides top-notch online services for trading and investing in securities on the OTC markets. The company was founded in 1975 under the name First Omaha Securities. It was reimagined as an online broker in 1998. TD Ameritrade (Charles Schwab) is a member of FINRA (CRD#: 7870/SEC#: 801-60469,8-23395 ) and SIPC and currently serves over 11 million client accounts. The broker offers simple pricing, high-tech trading platforms with professional analytics, and a wide range of markets and investment products. TD Ameritrade (Charles Schwab) was named Best Online Broker 2020 by StockBrokers.com and ranked first in the Platforms & Tools, Beginners, Education, and Customer Service categories.
👍 Advantages of trading with TD Ameritrade for traders from Malaysia:
•The broker's regulators are FINRA and SIPC, which guarantee the protection of client funds and their return in the event of TD Ameritrade's (Charles Schwab) bankruptcy or other default.
•Clients have open access to the securities market, OTC, derivatives trading, and legal work with Forex instruments.
•The broker offers a vast array of investment products for generating passive income.
•The company does not charge fees for trading in American and Canadian stocks, options, and ETFs.
•There are no requirements for the size of the minimum deposit on cash accounts.
•The broker offers high-tech author's terminals that work from desktop or mobile device.
👎 Disadvantages of TD Ameritrade for traders from Malaysia:
•A high entry threshold has been set for margin trading and investment in managed portfolios.
•The broker offers a limited selection of payment systems for deposits and withdrawals.
•There is no online chat on the company's website. It is available only in some versions of trading platforms.
5
Moomoo - Best for beginners in Malaysia
Moomoo (moomoo.com) is a California-based broker-dealer and a member of FINRA, SIPC, DTCC, OSS, and NASDAQ. Moomoo Inc. was established in 2018 and is a subsidiary of Futu Holdings Ltd., which is registered with the SEC (0001667858). Moomoo is a member of the LSE and SGX, and is licensed by MAS. The broker offers an intuitive trading platform with professional fundamental and technical analysis tools, as well as interest-free trading in US stocks, ADRs, ETFs, and options. For experienced traders, the platform provides a customizable news feed with audible alerts that allow you to quickly respond to market changes. Users have access to quotations on the exchanges of the USA, China, Hong Kong, and Forex markets. They also have enhanced possibilities for building both standard charts (bars, hollow, full candlesticks, and lines) and multi-charts, including VWAP with different time frames.
👍 Advantages of trading with Moomoo for traders from Malaysia:
•No commission when trading stocks, ETFs, options, and US ADRs.
•Analytical tools include third-party analyst ratings, graphical financial reports, and various charts with over 50 technical indicators.
•No minimum deposit required to open an account.
•All accounts open through a mobile application.
•Active trading community with over 100,000 users.
👎 Disadvantages of Moomoo for traders from Malaysia:
•No chat and phone support.
•Limited investment opportunities. You cannot use cryptocurrency, mutual funds, or bonds.
•Withdrawal of funds only via bank transfer and АСН.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
SpeedTrader Commissions and Fees
The experts at Traders Union have analyzed SpeedTrader’s trading conditions to identify explicit and implicit fees. SpeedTrader offers two stock commission structures that traders can choose from. Either per share or per trade. Per Share ranges from $0.0025 to $.009 per share ($0.25 to $0.09 per 100 shares traded). Per Trade ranges from $4.49 to $2.49 per trade. The more active a trader is, the lower the rate they qualify for. In addition to commission, traders pay a routing fee that ranges from $0 to $0.0035 per share. Although, some ECN routes will pay traders a rebate of up to $0.003 per share when adding liquidity. A small regulatory fee is added to each sell transaction. Options trading ranges from $0.35 to $0.25 per contract with a $1 minimum. Monthly platform fees vary from $125 to $35 per month and can be waived or reduced based on monthly commissions generated. Basic level 1 market data starts at $15 per month. Wire transfer costs $30 for US and $75 for foreign. There is also a $30 inactivity fee charged quarterly for accounts that execute less than 15 trades per quarter. Below is a comparative table of the fees for trades in stocks from SpeedTrader and US brokers that offer similar trading instruments.
TradeZero International Commissions and Fees
$0 commission on non-marketable limit orders of 100 shares or more for NYSE, AMEX, and NASDAQ stocks priced above $1. Buy, sell, and short orders qualify. All other orders are subject to a commission of $0.005 per share, with a $0.49 minimum. Orders of fewer than 100 shares are charged a flat $0.49. $0 commission. $0.59 per contract. Cash-settled index options $0.49 flat. OCC $0.055. ORF up to $0.015. Exercise or assignment $35. The commission for all deposits: Equals $0; BMO $15 (waived on first deposit); wire/ACH. Withdrawals: $15 wire. Trades involving a broker are subject to a fee of $30. For paid software (ZeroPro), the company charges $59 each month. Inactivity $0. Margin interest 9%. Reorgs $35. Risk sellout $30.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
Yes |
|
|
Premium |
Yes |
eToro Commissions and Fees
Registration on the eToro platform is free. The broker does not charge a fee for opening and closing long positions on stocks quoted at the US stock exchanges. The stocks of other markets are available as derivatives, with eToro charging a trading fee on them in the form of the spread. Also, the fees are applied to short positions and leveraged orders. The company accepts and allows withdrawals of only US dollars. If a client deposits or withdraws another currency, it is converted into USD at a fee of 0-50 pips. Members of eToro club get a 50-100% fee reduction on conversion. If a client shows no activity for a period of 12 month, the broker charges the inactivity fee of $10. There is no deposit fee. eToro charges $5 on each withdrawal.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$5 |
Yes |
|
Pro |
from $1.1 |
$5 eToro’s fee + the fees of payment systems |
TD Ameritrade Commissions and Fees
Regardless of the account balance and the number of securities purchased, Ameritrade does not deduct fees from clients for trading in US stocks, domestic and Canadian ETFs, and options. Options trading is charged a fee of $0.65 per contract. Futures and options futures carry a commission of $2.25 per contract (plus exchange and regulatory fees). OTC trades that include non-US stocks are subject to a $6.95 fee. TD Ameritrade (Charles Schwab) does not charge a fee to open an account, platform provision, market data supply, inactivity, deposit, or the withdrawal of funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standart |
From $1.65 |
No |
Moomoo Commissions and Fees
The Moomoo platform does not charge US residents a brokerage fee to open an account, for a margin account, maintenance, or the transfer of funds to an account. When trading Hong Kong and Chinese A-shares, the broker will charge a platform fee of 15 HKD or CGD, respectively, as well as a commission of 0.03% or 3 HKD/CGD. The long-term margin for US and Hong Kong stocks is 6.8%, and for Chinese A-shares, it’s 8.8%. There is a trading and clearing fee from $0.01 to $0.045 per transaction or contract from the SEC, FINRA, and OCC regulators. For non-US residents, fees are $0.0049 for shares and ADR. The platform fee is $0.005. The broker has several non-trading commissions such as internal wire transfer fees that cost $10 for deposits and $20 for withdrawals if the account balance is less than $2,500. Under the same conditions, the international transfer fee is $25. Transfers via ACH are free.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Individual Margin Account |
6.8% |
Yes |
Summary
Many brokers are available for traders from Malaysia, but not all of them offer good conditions. In this review, TU experts chose the Best stock brokers for beginners in Malaysia 2026. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Stock Brokers For Beginners in Malaysia
| SpeedTrader | TradeZero International | eToro | TD Ameritrade | Moomoo | |
|---|---|---|---|---|---|
|
Overall score |
9.2 |
7.51 |
6.7 |
5.47 |
7.93 |
|
Execution of orders |
6.84 |
4.79 |
9.1 |
7.8 |
6.74 |
|
Investment instruments |
9.2 |
5.4 |
10 |
8.4 |
7.2 |
|
Withdrawal speed |
8.2 |
4.9 |
5 |
8.2 |
6.8 |
|
Customer Support work |
7.2 |
5.2 |
9.3 |
8 |
7.1 |
|
Variety of instruments |
6.68 |
4.63 |
7.2 |
7.7 |
6.58 |
|
Trading platform |
7.4 |
5.4 |
9.8 |
8.5 |
7.3 |
|
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FAQ
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
What learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
Best Stock Brokers For Beginners by Countries
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
