Best Securities Commission Malaysia (SC) Regulated Brokers 2025
We’ve investigated brokers regulated by Malaysia’s Securities Commission (SC). However, because SC-supervised providers are limited, we’ve also tested and included top brokers licensed by the Monetary Authority of Singapore (MAS) and accept Malaysian traders, as MAS is a nearby, highly respected regulator.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2Moomoo is a regulated trading platform which is controlled by SEC. It provides a simple, cost-effective method to trade in stocks, ETFs, and various assets from China, Hong Kong, Singapore, the US, and Australia. They provide the option for margin trading, along with no deposit account and several bonus options.
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3Coinbase, started in 2012 for buying and selling Bitcoin with bank transfers, has grown into a major crypto company. It now offers over 240 crypto assets, advanced trading platforms for investors, is listed on the U.S. Nasdaq, and holds licenses from several regulators. In May 2025, Coinbase became the first crypto firm in the S&P 500, boosting its credibility.
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4Plus500, founded in 2008 and based in Israel, is a leading brokerage with more than 25 million registered traders across 50+ countries. The company specializes in CFD trading, provides a user-friendly platform and mobile app, and offers competitive spreads. It does not impose commission, deposit, or withdrawal fees. Plus500 holds the trust of its traders by being licensed by well-known regulators such as FCA, ASIC, and CySEC.
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5Established in 1989, CMC Markets is a reputable brokerage firm authorized by various top regulators such as the FCA, ASIC and CIRO, and is listed on the London Stock Exchange. They boast a global client base of over 1 million traders and have received numerous awards.
Compare The Top Regulated Brokers For Malaysian Traders
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai, TWS API | ✓ | ✗ | |
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✓ | ✓ | $0 | $0 | 1:2 | ✗ | SEC, FINRA, MAS, ASIC, SFC | Stocks, Options, ETFs, ADRs, OTCs ,Futures | Desktop Platform, Mobile App | USD, HKD, SGD | ✗ | ✗ | ✗ | |
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✓ | ✗ | $0 | $2 | ✗ | ✗ | FinCEN, FCA, CBoI, MAS, OAM, DNB, BdE | Crypto | Coinbase, Advanced Trade, Wallet, NFT, TradingView | USD, EUR | ✗ | ✗ | ✗ | |
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✓ | ✓ | $100 | Variable | 1:30 | ✗ | FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto | WebTrader, App | USD, EUR, GBP, AUD, ZAR, CZK | ✗ | ✓ | ✓ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:30 (Retail), 1:500 (Pro) | ✗ | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting | Web, MT4, TradingView | USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN | Expert Advisors (EAs) on MetaTrader | ✗ | ✓ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Securities Commission Malaysia (SC) Regulated Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
|
✗ | ✓ | ✓ | |
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✗ | ✗ | ✓ | |
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✗ | ✗ | ✓ | |
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✓ | ✓ | ✓ | |
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✓ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Securities Commission Malaysia (SC) Regulated Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✓ | ||
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Yes (iOS & Android) | ✗ | ||
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iOS & Android | ✗ | ||
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iOS, Android & Windows | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Securities Commission Malaysia (SC) Regulated Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | $0 | $100 | ✓ | ✗ | ||
|
✓ | $0 | $0 | ✗ | ✗ | ||
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✗ | $0 | $2 | ✗ | ✗ | ||
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✓ | $100 | Variable | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✓ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Securities Commission Malaysia (SC) Regulated Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai, TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:2 | ✗ | ✓ |
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✗ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✗ | ✗ | ✗ | ✓ | ✗ | 1:30 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✓ | 1:30 (Retail), 1:500 (Pro) | ✓ | ✓ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Securities Commission Malaysia (SC) Regulated Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
|
✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | USD: 5.1% | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
|
✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Securities Commission Malaysia (SC) Regulated Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Securities Commission Malaysia (SC) Regulated Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $0 | $0 per trade | ✗ | ✗ | |
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✗ | $0 | ✗ | ✗ | 0.5% - 1% (BTC) | |
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✗ | $10 | Dynamic | Dynamic | Variable | |
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✗ | $10 | 0.02 | 0.7 | From 1.3 | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Securities Commission Malaysia (SC) Regulated Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Coinbase |
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| Plus500 |
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| Moomoo |
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| Interactive Brokers |
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| CMC Markets |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- IBKR, primarily designed for skilled traders, has expanded its appeal recently by eliminating its initial $10,000 deposit requirement.
- The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.
- IBKR provides a cost-effective platform for traders by offering low fees, narrow spreads, and clear pricing.
Cons
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
- TWS's platform may be difficult for beginners to grasp because of its complexity - we were overwhelmed during our initial tests by the sheer volume of tools, features and widgets.
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
Why Trade With Moomoo?
Moomoo is a great option for beginner and intermediate traders aiming to diversify their investment portfolio. The brokerage's app is easily navigable and the trading fees are significantly low.
Pros
- The 'Moomoo Token' produces changing passwords to enhance transaction security - a distinctive and practical safety measure for traders.
- The fees for options contracts have been lowered from $0.65 to $0.
- Moomoo is a FINRA and SIPC member, providing additional security for potential clients interested in trading.
Cons
- The protection against negative balance, a standard security measure at highly regulated brokers, is not available here.
- Regrettably, even with its existing security features, this platform still lacks 2 factor authentication (2FA).
- The broker doesn't offer phone or live chat support, options typically provided by other brokers.
Why Trade With Coinbase?
Coinbase is great for beginners who want an easy-to-use platform to buy and sell various cryptocurrencies, with strong security and regulatory compliance. However, its fees are higher than competitors in our tests, and it’s less suited for short-term traders.
Pros
- Coinbase offers over 240 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and new altcoins like $Trump, providing early access to emerging tokens.
- Platforms are available for all skill levels: beginners can use the simple Coinbase app, while Advanced Trade offers lower fees and professional tools.
- Coinbase Advanced now integrates TradingView, a rare feature for crypto exchanges, enabling users to trade spot and futures markets directly from real-time charts with advanced technical analysis tools.
Cons
- Customer support is frustrating during testing because most help options require login, making it difficult for locked-out users or those without accounts to get assistance.
- Crypto fees are high based on tests, especially when compared to competitors like Kraken and BitMEX, particularly on the regular trading platform.
- Advanced Trade provides TradingView charts but lacks research tools like news feeds, economic calendars, and AI market insights.
Why Trade With Plus500?
Plus500 provides a streamlined experience for traders through a modern and dynamic CFD trading platform. However, its research tools are limited, it charges higher fees compared to some brokers, and its educational resources can be improved.
Pros
- Plus500 recently expanded its trading products. This includes offering VIX options with increased volatility and extended trading hours for 7 stock CFDs.
- The customer support team reliably offers 24/7 assistance through email, live chat, and WhatsApp.
- The broker provides free trading in different markets, which reduces extra costs and interests experienced traders.
Cons
- Without social trading, users cannot mimic the trading actions of experienced traders.
- Compared to competitors like IG, Plus500's research and analysis tools are somewhat limited.
- The absence of MetaTrader or cTrader charting tools in Plus500 might deter experienced traders who value familiarity.
Why Trade With CMC Markets?
CMC Markets offers a great online platform for traders. It has advanced charting tools and a wide variety of CFDs to trade, including a large selection of currencies and customized indices. It caters to traders at all levels.
Pros
- We upgraded its 'Assets & Markets' rating due to frequent product additions in early 2025, including extended hours trading on US stocks and new share CFDs.
- CMC provides great pricing, with narrow spreads and low fees for trading except for stock CFDs. The Alpha and Price+ programs also give benefits to active traders, including up to 40% spread discounts.
- The brokerage excels by offering various useful resources. These include scanners that identify trading patterns, webinars, tutorials, updates from news outlets, and research from esteemed companies like Morningstar.
Cons
- CMC provides a commendable range of assets, but lacks support for actual stock trading and UK customers are unable to trade cryptocurrencies.
- A $10 monthly inactivity fee is charged after one year of no trading activity. This could discourage occasional traders.
- While the web platform has improved, it still needs more enhancements to be as user-friendly for trading as competitor software such as IG.
Filters
How BrokerListings.com Chose The Top Regulated Brokers For Malaysian Traders
To identify the best SC-regulated brokers in Malaysia, we:
- Ran broker claims through the official SC register to verify licenses.
- Due to the limited options, we also included firms registered with the MAS as it’s so close geographically and highly regarded.
- Sorted shortlisted brokers by our overall ratings, using 200+ data-driven points and our testing insights.
What Is The SC?
The Securities Commission Malaysia (SC) is responsible for regulating and supervising capital markets in the Southeast Asian country.
Founded in the early 1990s under the Securities Commission Act 1993 (SCA), the body describes its mission as “to promote and maintain fair, efficient, secure and transparent securities and derivatives markets; and facilitate the orderly development of an innovative and competitive capital market.”
Under the Capital Markets and Services Act 2007, all persons and companies, such as brokers, operating in Malaysia’s capital markets must be officially licensed by the SC. It has the power to exercise a range of enforcement actions when rules have been breached.
Pro tip: The SC regulates Malaysia’s financial system with Bank Negara Malaysia, the country’s central bank.
While there is some overlap regarding their objectives and responsibilities, the SC is focused on capital markets (like securities and derivatives trading, asset management and financial planning). The Bank Negara Malaysia, meanwhile, is responsible for regulating the banking, insurance and payments sectors.
The SC is classified as a Category B organization under BrokerListings’ broker regulator ranking system. This means investors can expect a good (rather than excellent) level of protection from poor business practices and fraudulent parties.
What Powers Does The SC Have?
Alongside developing and promoting Malaysia’s financial markets, the SC says its role includes “ensuring proper conduct of all market participants through our supervisory, surveillance and enforcement work.”
To achieve this, financial services providers like brokerages must apply for a license from the regulator. They must then strictly abide by laws and rules laid down by the SC, and face the prospect of punitive action if found to have broken the rules.
Some of the measures the regulator can implement include:
- Imposing financial penalties on non-compliant firms and individuals.
- Suspending and revoking licenses for registered entities.
- Ordering non-licensed entities to cease operations.
- Issuing public warnings to protect investors.
- Referring serious cases to the public prosecutor (the Attorney General’s Chambers Malaysia).
Pro tip: The SC can demand that entities provide documentation (like book entries, contract notes and compliance reports) to ensure that regulations are being followed. They are also empowered to inspect a broker’s premises.
In December 2024, the SC reprimanded Bybit Technology Limited (formerly Bybit Fintech Limited) and its chief executive ben Zhou “for operating a digital asset exchange (DAX) in Malaysia without registration.”
The SC ordered Bybit to close down any websites and mobile apps in Malaysia within 14 days; to cease publishing and distributing marketing information to Malaysian investors; and to terminate its Telegram support group for Malaysians.
What Rules Must A SC Broker Follow?
The Capital Markets and Services Act 2007 sets out a robust and comprehensive framework of rules that licensed entities and individuals must follow. These include:
- Prioritizing the customer’s interests, and managing conflicts of interest between the company and its clients, and between different customers.
- Acting in a fair and consistent manner, and treating all clients impartially and equally.
- Conducting customer due diligence to ascertain client identity and risk profile. This is intended to prevent money laundering and the financing of terrorism.
- Communicating with customers in a way that is clear, fair and not misleading, and ensuring that information provided is suitable and reasonable according to the client’s financial circumstances and risk tolerance.
- Carrying out their activities with skill, care and diligence. This includes ensuring that employees are suitably qualified and adequate resources are available for the company to conduct its activities and safeguard customers’ assets.
- Installing systems that allow the company to organize and control its affairs, and to implement robust risk management and supervisory structures.
- Establishing robust safeguards for customer data, and protections to prevent unauthorized access and use of customers’ accounts.
- Implementing policies and procedures that ensure a “fair and orderly” market, mitigating issues like fraud and market rigging.
- Engaging with regulators in an open and co-operative manner, which includes providing all requested information from the SC in a timely manner.
How Can I Check If A Brokerage Is SC Regulated?
Investors can quickly and simply ascertain a broker’s regulatory status by using the SC’s Public Register of License Holders and Registered Persons.
The advanced search facility on the SC’s Public Register of License Holders and Registered Persons. Source: SC
However, there is currently a very narrow selection of brokerages that are licensed by Malaysia’s regulatory authority. Traders and investors in the country can try to overcome this problem by choosing a company that’s approved by a respected regulator in another part of the world.
BrokerListings’ regulator rankings tool provides a wide range of Category A organizations that individuals should consider consulting when choosing a broker. This includes Singapore’s MAS – a neighbouring regulator in our top classification.
These first-tier regulators will only issue licenses to reputable companies with strong track records of customer service. But bear in mind that investor protections may not reach beyond the regulator’s home jurisdiction if an investor encounters problems.
Pro tip: The SC also publishes an Investor Alert List on its website that advises of “unauthorized websites, investment products, companies and individuals” operating in Malaysia’s capital markets.
I can search alphabetically to see if the broker I’m considering is listed as one of these companies to avoid. Alternatively, I can conduct a manual search by typing in the brokerage’s name.
This is another valuable resource investors should consult before handing over any personal data or capital.
The Investor Alert List on the SC website. Source: SC
Bottom Line
Regulation of Malaysia’s capital markets has improved significantly in recent decades, providing a safer place for traders and investors to do business.
That said, the pool of brokerages approved by the SC is thin, meaning individuals may wish to consider using a company that’s licensed by a respected overseas regulator.
Article Sources
Securities Commission Malaysia (SC)
About the bank – Bank Negara Malaysia
The Payment Systems Act 2003 – Bank Negara Malaysia
Financial Services Act 2013 – Bank Negara Malaysia
Capital Markets and Services Act 2007 – SC
SC Takes Enforcement Action against Bybit for Illegally Operating DAX in Malaysia – SC
Public Register of License Holders and Registered Persons – SC