Best Securities Commission Malaysia (SC) Regulated Brokers 2026

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Tested with a live trading account Accept traders from United States

Our Top Pick in USA 1 Moomoo 3.2/5 Visit

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Filters Order By ... Overall Rating Latest Trust & Regulation Banking & Accounts Assets & Markets Fees & Costs Platforms & Tools Research Education Customer Support iOS App Android App Most Clients Trustpilot Score

1. 1

   Moomoo

   3.2/5 our rating
   Available in United States Not available in United States
   Rating breakdown

   Regulation & Trust 4.2

   Assets & Markets 3.3

   Fees & Costs 3.0

   Platforms & Tools 3.0

   Customer Support 3.3

   Education 4.0

   Research 3.5

   Accounts & Banking 3.0
   Visit Moomoo Read Review

   Moomoo is a regulated trading platform overseen by trusted regulators like the 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 minimum deposit requirement, and several bonus options.

   Demo Account

   ✓

   Minimum Deposit

   $0

   Minimum Trade

   $0

   Leverage

   1:2

   Copy Trading

   ✗

   Regulator

   SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC

   Instruments

   Stocks, Options, ETFs, ADRs, OTCs ,Futures

   Platforms

   Desktop Platform, Mobile App

   Account Currencies

   USD, CAD, AUD, JPY, MYR, HKD, SGD, CNY

   Automated Trading

   Moomoo OpenAPI

   AI

   ✓

   Guaranteed Stop Loss

   ✗

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
		✓	✓	$0	$0	1:2	✗	SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC	Stocks, Options, ETFs, ADRs, OTCs ,Futures	Desktop Platform, Mobile App	USD, CAD, AUD, JPY, MYR, HKD, SGD, CNY	Moomoo OpenAPI	✓	✗
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 2026 are.

Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts
	4.2	✗	✗	✓
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 2026.

Broker	Mobile Apps	iOS Rating	Android Rating	Smart Watch App
	Yes (iOS & Android)	4.6	3.8	✗
Broker	Mobile Apps	iOS Rating	Android Rating	Smart Watch App

Comparison for Beginners

Compare how suitable the Best Securities Commission Malaysia (SC) Regulated Brokers 2026 are for beginners.

Broker	Demo Account	Minimum Deposit	Minimum Trade	Education Rating	Support Rating	Fractional Shares	Demo Competitions
	✓	$0	$0	4.0	3.3	✓	✗
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 2026 are for advanced or professional traders.

Broker	Automated Trading	VPS	API	AI	Pro Account	Leverage	Low Latency	Extended Hours
	Moomoo OpenAPI	✗	✓	✓	✗	1:2	✓	✓
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 2026.

Broker	Demo Account	Interest on Cash	Islamic Account	Joint Account	Managed Account	PAMM	MAM	LAMM	Pro Account
	✓	USD: 3.35%	✗	✗	✗	✗	✗	✗	✗
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 2026 in key areas.

Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support
	4.2	3.0	3.3	4.2	3.0	3.0	3.5	4.0	3.3
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 2026.

Broker	Cost Rating	Fixed Spreads	Inactivity Fee	EUR/USD Spread	Crypto Spread
	3.0	✗	$0	✗	0.49% per spot Bitcoin trade (US), 0.3% to 0.39% (Singapore)
Broker	Cost Rating	Fixed Spreads	Inactivity Fee	EUR/USD Spread	Crypto Spread

Customer Ratings

Compare how customers of these brokers feel about them, with real user ratings from Trustpilot, the Apple App Store and Google Play.

Broker	Customers	Trustpilot Score	Trustpilot Reviews	Android App Rating	iOS App Rating
	24,000,000	4.1	739	3.8	4.6
Broker	Customers	Trustpilot Score	Trustpilot Reviews	Android App Rating	iOS App Rating

Broker Popularity

See how popular the Best Securities Commission Malaysia (SC) Regulated Brokers 2026 are in terms of number of clients.

Broker	Popularity
Moomoo	24,000,000

Why Trade With Moomoo?

3.2/5

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

• API Skills offers agentic investing for retail traders. Users can connect their AI agents, such as Claude or OpenAI, to Moomoo's platform to execute algorithmic strategies using natural language.
• Moomoo is a member of FINRA and SIPC, providing added protection for clients.
• Moomoo offers detailed analytics and insights compared to other brands.

Cons

• Moomoo has received several regulatory penalties lately, including fines and orders in 2026 that temporarily halted the acceptance of some Japanese and Chinese clients.
• The account options are limited compared to similar brokerages, with no managed portfolios or robo-advisor solutions.
• No negative balance protection, a standard safety feature at top-tier regulated brokers.

Visit Moomoo Read Review

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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.
• 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, but they will forego Malaysian regulatory protections.

BrokerListings’ regulator rankings tool provides a wide range of Category A organizations that individuals should consider consulting when choosing a broker, though other countries’ laws do not supersede Malaysian law.

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 SC – SC

Bank Negara Malaysia

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

Guidelines on Market Conduct and Business Practices for Stockbroking Companies and Licensed Representatives – SC

SC Takes Enforcement Action against Bybit for Illegally Operating DAX in Malaysia – SC

Public Register of License Holders and Registered Persons – SC

Investor Alert List – SC