Webull Trading Platform Now Live In Malaysia

Alex Cheong Pui Yin

17th May 2024 - 4 min read

Webull Securities (Malaysia) Sdn Bhd has announced that its trading platform Webull is now officially live in Malaysia, offering access to a variety of Malaysian and US securities and derivatives products, and even US fractional trading. Not only that, new users who sign up through the platform’s launch campaign will receive a chance to win free stocks and vouchers, including 5x Apple shares (per winner).

In a statement, Webull said that its trading platform is built on next-generation global infrastructure and proprietary technology, and can be accessed in both English and Bahasa Malaysia. Aside from offering diverse trading products – from Malaysian and US stocks and exchange-traded funds (ETFs) to structured warrants, to real estate investment trusts (REITs) and futures – it also features an integrated suite of real-time quotes, market information, financial news, industry data, insights, and analyst ratings.

Not only that, Webull comes with a shariah indicator as well, enabling investors who are interested solely in shariah-compliant stocks or ETFs to easily identify such offerings. And if you’re keen on trading on the US stock market, but are financially constrained, you can also tap into Webull’s US fractional trading feature that lets you invest with as little as US$5 (minimum 0.00001 share per order).

Moreover, Webull acknowledges the importance of financial education and literacy in facilitating responsible investing. As such, investors can also look forward to tapping into a range of investment educational resources and tools via Webull Learn. These include explainers of terminologies, best practices, and how-to guides – among other things. There is also a Paper Trading tool, an in-platform training simulator where investors can test out their skills without involving real money.

In terms of fees, Webull stressed that it offers competitive brokerage fees for trades with no platform fees (for now). For the trading of securities on Bursa Malaysia, specifically, Webull charges a brokerage fee of 0.08% (or a minimum of RM5). This is on top of other standard fees charged by other entities, such as the clearing fee and stamp duty.

Meanwhile, the brokerage fee for US stocks and ETFs stands at 0.05% (or a minimum of US$0.99), with no platform fee. Again, other standard charges like stamp duty, regulatory fees, and trading activity fees will also apply.

Note that Webull does charge interest on idle cash in your securities account (per annum), at a rate of 2% and 2.5% for MYR and USD, respectively. Meanwhile, charges for Webull’s derivatives services differ depending on the types of futures that you trade. Here’s the full list of charges and fees for your reference.

Chief executive officer of Webull Malaysia, Kenneth Chan said that Webull hopes to bring equal opportunities to all investors with its entry into the country, reducing the barriers that are often faced by interested investors. “Through advanced trading tools and services, best-in-class learning resources and shareable content on the Webull Malaysia platform, investors can grow in their investment journeys in a supportive environment,” he further commented.

In conjunction with the launch, Webull is currently running an introductory promotion where you can enjoy RM0 brokerage fee for 180 days from the day you open a Webull Malaysia account. This is on top of a complimentary 30-day subscription to Level 2 real-time market quotes for Bursa Malaysia stocks and the US market via Nasdaq’s TotalView.

Additionally, investors can stand to win rewards like 5x Apple shares (estimated value RM4,333) and up to 40x US$ US stock trading vouchers – among other things – by depositing a cumulative minimum of RM8,000 into their trading account within the campaign period and maintaining it for 30 days. There may also be additional promotions coming soon that you can view in the Promotions tab within the app.

For context, Webull has presence in many other regions around the world, including US, UK, Australia, Japan, and Singapore – just to name a few. It is regulated by the Securities Commission Malaysia and holds a Capital Markets Services License for Dealing in Securities (restricted to listed securities) under the Capital Market and Services Act 2007.

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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