Best Securities Commission Malaysia (SC) Regulated Brokers 2026
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.
Written ByRoyston Wild
Royston is a seasoned investor and financial writer with over a decade of experience analyzing brokers and investment markets. With a background in stocks, commodities, and forex reporting - he brings a fresh perspective to broker evaluations.
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Fact Checked ByTobias Robinson
Tobias is committed to helping traders find the right brokerage for their needs. He has tested 200+ brokers, spent 2,600+ hours using different platforms, and placed 2,100+ trades.
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Edited ByJames Barra
James is an experienced broker analyst with a background in financial services. He has spent 2,500+ hours testing brokers, used 35+ different platforms and apps, audited 120+ broker T&Cs, and verified 300+ regulatory licenses.
James Barra Profile PageFebruary 20, 2026
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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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3Crypto.com is a major name in cryptocurrency trading, designed to speed up the global shift to DeFi technologies. The exchange provides token lending, prepaid cards, NFTs, and more. Founded in Germany in 2016, it serves 150 million users.
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4Coinbase, 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.
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 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, 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 | ✓ | ✗ | |
 |
✓ | ✓ | $0 | $0 | 1:2 | ✗ | SEC, FINRA, MAS, ASIC, SFC | Stocks, Options, ETFs, ADRs, OTCs ,Futures | Desktop Platform, Mobile App | USD, HKD, SGD | ✗ | ✗ | ✗ | |
 |
✓ | ✓ | Varies by payment method | $1 | ✗ | ✗ | SEC, FCA, MAS, AMF, CySEC, CBI, ASIC, FINTRAC, CIMA, VARA, OAM, HCMC, CFTC, OSC, KoFIU | Crypto, Stocks, ETFs, Prediction Markets and Strike Options (US only) | Own | USD, EUR, GBP, CAD, AUD, NZD, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, SAR, HUF, BRL, KES | DCA Auto-Staking | ✗ | ✗ | |
 |
✓ | ✗ | $0 | $2 | ✗ | ✗ | FinCEN, FCA, CBoI, MAS, OAM, DNB, BdE | Crypto | Coinbase, Advanced Trade, Wallet, NFT, TradingView | USD, EUR | ✗ | ✗ | ✗ | |
| 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 |
|---|---|---|---|---|
|
✗ | ✓ | ✓ | |
|
✗ | ✗ | ✓ | |
|
✗ | ✗ | ✓ | |
|
✗ | ✗ | ✓ | |
| 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 |
|---|---|---|---|---|
|
iOS & Android | ✓ | ||
|
Yes (iOS & Android) | ✗ | ||
|
iOS & Android | ✗ | ||
|
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 2026 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | $0 | $100 | ✓ | ✗ | ||
|
✓ | $0 | $0 | ✗ | ✗ | ||
|
✓ | Varies by payment method | $1 | ✗ | ✗ | ||
|
✗ | $0 | $2 | ✗ | ✗ | ||
| 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 |
|---|---|---|---|---|---|---|---|---|
|
Capitalise.ai, TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
|
✗ | ✗ | ✗ | ✗ | ✗ | 1:2 | ✗ | ✓ |
|
DCA Auto-Staking | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
|
✗ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
| 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: 3.14%, GBP: 3.24% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
|
✓ | USD: 3.35% | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
|
✓ | USD: 5% | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
|
✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
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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 2026.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|
|
✗ | $0 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
|
✗ | $0 | ✗ | ✗ | |
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✗ | $5 | ✗ | 0.075% (spot), 0.034% (derivatives) | |
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✗ | $0 | ✗ | 0.5% - 1% (BTC) | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Securities Commission Malaysia (SC) Regulated Brokers 2026 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Crypto.com |
|
| Coinbase |
|
| Moomoo |
|
| Interactive Brokers |
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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 provides a cost-effective platform for traders by offering low fees, narrow spreads, and clear pricing.
- IBKR offers exceptional access to global stocks, with thousands of equities available from over 100 market centers in 24 countries, including the recent addition of the Saudi Stock Exchange.
- IBKR, primarily designed for skilled traders, has expanded its appeal recently by eliminating its initial $10,000 deposit requirement.
Cons
- 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.
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
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
- Moomoo is a FINRA and SIPC member, providing additional security for potential clients interested in trading.
- Moomoo is a licensed entity with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS).
- Moomoo's insights and analytics are more comprehensive and detailed than other brands.
Cons
- The broker doesn't offer phone or live chat support, options typically provided by other brokers.
- Regrettably, even with its existing security features, this platform still lacks 2 factor authentication (2FA).
- The protection against negative balance, a standard security measure at highly regulated brokers, is not available here.
Why Trade With Crypto.com?
Crypto.com is ideal for new crypto traders looking to buy, sell, and trade over 400 digital tokens. Its strike options and prediction markets cover financial, economic, election, sport, and cultural events. As a CFTC-regulated platform, it provides a secure choice for US traders interested in binary-style contracts using an easy-to-use app.
Pros
- The Crypto.com Exchange platform provides advanced bots like Dollar Cost Averaging (DCA), Time-Weighted Average Price (TWAP), and Grid Trading bots. Traders can automate strategies, including leveraged perpetual trades, reducing manual work and slippage.
- Crypto.com now offers more than 9,000 stocks and ETFs in some regions, allowing traders to create diverse portfolios across various sectors.
- Crypto.com uses a cold wallet system with multi-signature technology and geographic distribution to improve security. This method ensures strong protection of user assets with secure offline storage.
Cons
- The app has high bid-ask spreads on many coins, which can be expensive for traders using market orders. Wide spreads mean the buying price is significantly higher than the selling price, reducing profits, especially in low-volume trades.
- Customer support mainly uses chatbots and email, with limited reliable phone support from our testing. This may cause delays in solving urgent issues like account access or transaction problems, which can be frustrating for crypto traders needing quick help.
- Fees apply to crypto and fiat withdrawals, which can be significant for active traders making smaller transfers. The minimum withdrawal limits are also high, limiting flexibility in managing smaller portfolios or immediate liquidity needs.
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, listed on Nasdaq, complies with strict financial regulations and is licensed in the US, UK, and Europe. It offers security features like FDIC insurance for USD balances (up to $250,000) and two-factor authentication (2FA).
- In 2025, Coinbase Advanced expanded its leveraged trading options with new futures products, including Ripple (XRP), Natural Gas (NGS), and Cardano (ADA), offering more ways to trade, hedge, or diversify.
- 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
- 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.
- 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.
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