Prime Highlights:
Enjoy zero commission on US and Malaysian stocks for the first 90 days. Post-90 days, a 50% discount on US trades applies, reducing the commission to 0.025% of the trade value.
The platform supports both Islamic and conventional banking, making it the first fully digital brokerage in Malaysia to offer such options.
Webull Malaysia introduces options trading with competitive contract rates, no platform fees, free real-time OPRA and index data, and support for simple options strategies.
Key Background:
Webull Securities (Malaysia) Sdn Bhd has officially launched its trading platform in Malaysia, offering a wide array of features and tools tailored to both new and experienced investors. The platform grants users access to Bursa Securities, Bursa Derivatives, US stocks, and ETFs, providing a comprehensive trading experience.
To make investing more accessible, Webull Malaysia is introducing competitive rates. The platform will offer new customers zero commission rates on US and Malaysian stocks for the first 90 days. After this initial period, commission fees for US trades will be reduced by 50%, dropping to 0.025% of the trade value, with a minimum charge of USD0.99 (RM4.45). Existing customers will continue to enjoy the free commission rate until their respective periods end, after which the discounted rate will automatically apply.
Additionally, Webull Malaysia provides a 30-day free subscription to Level 2 data for both Bursa Malaysia and US markets, with renewal options available by trading eligible stocks or ETFs. The platform also introduces options trading, including competitive contract rates, no platform fees, free real-time OPRA and index data, and support for basic options strategies such as long calls and puts.
A key feature of Webull Malaysia is its dual banking system, allowing users to fund their accounts through either Islamic or conventional banking. This makes Webull the first fully digital brokerage firm in Malaysia to offer such flexibility. For those choosing Islamic banking, the platform supports profit-sharing mechanisms and Shariah-compliant banking, along with competitive FX conversion rates.
To further enhance user experience, the platform integrates intuitive resources such as real-time quotes, financial news, analyst ratings, and Shariah indicators. The Webull Learn section offers educational tools, including guides and a Paper Trading simulator, enabling investors to practice strategies risk-free. Webull Malaysia’s CEO, Kenneth Chan, highlighted the platform’s commitment to empowering investors with inclusive features and educational support, ensuring a seamless and accessible trading experience.
