Tuesday, June 25, 2024
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HomeRetail FXWebull launches discount brokerage in Malaysia
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Webull launches discount brokerage in Malaysia

Webull has announced the launch of its discount brokerage in Malaysia, providing access to trade Bursa Securities and Bursa Derivatives alongside US-listed stocks and exchange-traded funds (ETFs) via the Webull Malaysia app.

Last month, the broker secured a Capital Markets Services License for Dealing in Securities (restricted to listed securities) and Dealing in Derivatives from the Securities Commission Malaysia.

The move came on the heels of Bursa Malaysia’s recent efforts to promote growth and participation from retail investors, especially the younger generation, in the local stock exchange. As of Q1 2024, local retail investor participation in the securities market stood at 22%, while participation in the derivatives market stood at 17% for FKLI and 25% for FCPO respectively.

Webull Malaysia offers Shariah indicator for stock analysis

Webull Malaysia now arises as a new provider for trading and investing in the jurisdiction, offering an integrated suite of real-time quotes, market information, financial news, industry data, insights, and analyst ratings to help investors make informed decisions. The trading platform also features a Shariah indicator to help investors identify the Shariah-compliance status of stocks before they engage in any transactions.

Webull Malaysia users will also gain access to investment educational resources and tools via Webull Learn. Available on-demand, investors can access content such as explainers of investment terminology, best practices, and how-to guides. Investors who want to practice their trading skills and simulate their strategies can also utilise Paper Trading, an in-platform training simulator where investors can buy and sell without involving real money.

The broker offers competitive brokerage fees for trades with no platform fees. To commemorate its launch, Webull Malaysia offers zero commission on tradeable Bursa-listed stocks, US-listed stocks, and ETFs on the Webull app for 180 days from opening a Webull Malaysia account.

“Making investing more inclusive and accessible to all”

Kenneth Chan, Chief Executive Officer, Webull Malaysia, said: “We are excited to introduce Webull’s technologically advanced digital investment platform to the growing investor community in Malaysia. Our expansion into the country brings equal opportunities for all investors, irrespective of their investment or trading experience. Making investing more inclusive and accessible to all, Webull Malaysia brings best-in-class tools and information to empower investors of all levels with knowledge and skills to help them make better investment decisions and achieve their investment goals.

“Technology is the core of our business, and we are committed to synergizing technology with finance to provide secure, reliable, and intelligent products and services within a seamless trade experience. 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. With these, we expect to reduce the barriers to invest faced by investors in Malaysia and aim to encourage people to build longer-term savings through investment opportunities.”

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