Estimated reading time: 7 minutes
Looking for a cheap and reliable stockbroker that’s regulated in Malaysia to start your investment journey? Well, this guide will walk you through everything you need to know about Webull Malaysia. This includes how to sign up, their latest reward, what features Webull offers and most importantly, the fees comparisons with other brokerages.
Disclaimer: This content has not been reviewed by SC. It is made in collaboration with Webull Malaysia, but rest assured – reviews and opinions are all my own and Webull Malaysia does not get to amend the content in this article.
TABLE OF CONTENTS
Who is Webull?
Webull is a stockbroker founded in the US in 2016 by former employees of Alibaba Group and Xiaomi, and just 2 years later, it officially launched its trading platform in the U.S. Fast forward to 2024, Webull expanded into Malaysia under Webull Securities (Malaysia) Sdn. Bhd., which is regulated by the Securities Commission (SC) Malaysia, and they hold a Capital Markets Services License (CMSL) under the Capital Markets and Services Act 2007.
Today, Webull has over 24 million users globally and is licensed and regulated in 14 different markets, including the US, UK, Singapore, Canada and many more.
Sign-Up Rewards
They are currently hosting a limited time campaign until 30 September 2025.
- By just opening an account (without depositing money) = you get RM50 trading voucher.
- Deposit RM500 cumulatively = you get RM100 worth of NVIDIA shares. (Note: This should be reflected in your account instantly, you can check it under Menu> My Rewards > In Transit)
- Continue to deposit until RM5,000 (maintain for 30 days) = you get another RM400 worth of NVIDIA shares. (Note: This should be reflected in ‘In Transit’ after 30 days)
Quick math:
RM550 rewards with just RM5,000 deposited = 11% instant return!!
Note: These rewards are exclusive for my followers so remember to use my code ziet999 or sign up here. Opening an account with Webull is made very easy, you just have to scan your IC and it should be ready within 1 to 3 business days.
What does Webull Offer?
Market available: Malaysian stocks, US stocks, HK stocks and China A-shares.
Products available for trade: MY securities, MY Futures, Global Futures, US Stocks, US options, HK & A-Shares.
Quick fact: Historically, foreign investors (including Malaysians) couldn’t invest directly in China’s A-shares, which are listed on Shanghai and Shenzhen stock exchanges. Investors had to rely on HK or US-listed Chinese companies. Now with China’s new initiative and Webull Malaysia’s new launch, you can access these A-shares easily in the same account, by simply agreeing to the in-app agreement. Check out more here.
Fractional shares: Webull allows you to trade US stocks and ETFs with as little as USD 1 (approx. RM 4.22). Meaning, you can buy just a fraction of a share instead of a full share. This is especially helpful if you want to start small and practise dollar-cost averaging (DCA).
24-hour trading: Webull supports 24-hour trading for the US market, this means that you are allowed to trade outside the Regular Trading Hours (RTH).
Dual Banking: Webull also supports dual banking, which means that you can choose Islamic banking or conventional banking to deposit your Webull’s funds. It’s a parallel financial system offered by Webull for clients from diverse backgrounds.
Tips: They also have a Shariah indicator to filter for Shariah-compliant stocks which is suitable for people who are interested in Shariah-compliant stocks.
Other features that you can find in the app:
| Tab | Feature |
| Chart | Order book, Time & Sales, Order Flow Distribution, Large Scale Orders in Last 5 Days, Positions Cost Distribution, Profited Shares at Market Close, Cost Concentration, Short Interest |
| Options | Options Chain, Options statistics, Probability analysis |
| News | From reliable and credible sources like Barron, Benzinga, Reuters, The Motley Fool |
| Analysis | Analyst rating, Analyst price target, Quant rating, Technical analysis |
| Company | Earning alert, EPS, ROA, ROE, EPS, Net Margin, Debt to asset, BVPS, CFPS, CRPS, Net income, Total Revenue, Operating Income, Balance sheet, Cash flow, Company press releases, Profile |
Fees and Charges – What You Need to Know
For Malaysia Market:
Webull offers zero fees (no commission and no platform fee) for Malaysian stocks until 31st December 2025. After the promotion period, Webull only charges a minimum of RM2.50 or 0.05% of trading value.
For the US Market:
Webull charges a minimum of USD 0.99 or 0.025% (no platform fee).
Note: Pricing will remain until further announcement. Find the latest update here.
Webull does not charge any account opening fee, funding fees, interbank GIRO withdrawal fee, nor inactivity fee, so your account is literally maintenance free. Plus, you will receive interest for unused cash in your Webull account, with rates around 1.75% p.a. for MYR balance, and around 1.8% p.a. for your USD balance!
Note: Other fees like stamp duty, clearing fees etc will still be charged by the authorities and regulators in Malaysia which are standard across all other SC-licensed brokers.
Fees Comparison with Different Brokerages (MY and US Stocks)
Funding Your Account & Currency Conversion
For now, Webull can only be funded through online bank transfer, which I’ve tried myself and gotten the deposit reflected instantly during weekdays. But good news, the team from Webull Malaysia is telling me that Online FPX is coming soon, so do keep an eye out on that!
As for conversion, I did some testing with other brokerage and multi-currency platforms, and to my surprise, Webull’s MYR to USD conversion rate is easily the best, only 0.4% difference from Google rates!
Final Thoughts
If you’re looking for a reliable, low-cost, and feature-packed brokerage, Webull Malaysia is definitely a good choice for you to start your investment journey. And again, for a limited time only, don’t forget to use my exclusive code ziet999 when signing up to unlock your full rewards.
If you prefer a video version of this article, I have made a video covering the exact same thing – do check it out here! Thanks for reading!
Click here for WebullShare the Wealth
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Disclaimer: All views expressed in this video are the independent opinions of Ziet, which are not necessarily shared by Webull Securities (Malaysia) Sdn Bhd (“Webull Securities”). No content shall be considered financial advice or recommendation. Webull Securities links are included in this post, through which referrals are made and Ziet may receive certain commissions. Please contact Webull Securities for more information.
