The following is a comparison of online transaction fees for Malaysian stock brokerage platforms.
|Platform||Up to RM100k||Above 100k||Min fees|
|Affin Hwang Capital||0.08%||0.05%||RM5|
|CIMB Clicks Trader||0.0388%||0.0388%||RM8.88|
|HLeBroking Value Trade||0.08%||0.8%||RM8|
|KenTrade by Kenanga||0.60%||0.30%||Not stated|
|M+Online (M+ Silver)||< RM50k = 0.08%
> RM50k = 0.05%
|Public Bank||0.15%||0.15%||Not stated|
|Rakuten Trade||< RM1k = RM7
RM1k to RM9,999 = RM9
RM10k to RM99,999 = 0.1%
RM100k = RM100
In addition to these fees, you must also pay a clearing fee of 0.03% (up to RM1,000 per contract) and a stamp duty of RM1 per RM1,000 of transaction value (up to RM200 per contract) .
Based on our comparison, Affin Hwang Capital seems to offer the lowest fees, starting at 0.08% with a minimum transaction fee of RM5. While the spread may seem minimal – it’s only a few ringgit after all – if you make one or two trades a month for a whole year, the savings will add up.