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⚡ Quick Answer
Webull Malaysia is a strong choice for investors who want commission-free US stock trading, solid charting tools, and access to options. It falls short on Malaysian stock coverage and beginner handholding. If you’re focused on US markets and want a feature-rich platform, Webull earns its place. If you want everything in one app including Bursa stocks, Moomoo edges ahead.
What Is Webull Malaysia?
Webull is a US-founded stockbroking platform that launched in Malaysia in 2023, regulated by the Securities Commission Malaysia (SC). It’s aimed squarely at retail investors who want access to US stocks, ETFs, and options without paying per-trade commissions.
In Malaysia, Webull operates under Webull Securities (Malaysia) Sdn Bhd and is fully licensed. Your cash is held in a trust account with a local custodian bank — it’s not sitting in some offshore account.
The platform made waves when it launched a 6% p.a. interest offer on uninvested cash — one of the highest yield offers any broker has run in Malaysia. That alone brought in a wave of sign-ups.
Key Features at a Glance
| Feature | Details |
|---|---|
| Commission on US stocks/ETFs | RM0 (commission-free) |
| Commission on Malaysian stocks | Not available |
| Cash interest on uninvested funds | Up to 6% p.a. (promotional, varies) |
| Options trading | Yes |
| Fractional shares | No |
| Minimum deposit | No minimum |
| Currency | USD (conversion from MYR required) |
| Regulation | Securities Commission Malaysia |
| Mobile app | iOS & Android |
Fees Breakdown: What Does Webull Actually Cost?
Webull’s headline is zero commission on US stocks and ETFs. That’s real. But the actual cost of using Webull isn’t zero — here’s what you need to know:
- US stock trades: RM0 commission. You still pay SEC fees (tiny, fractions of a cent per share) and FINRA TAF on sells (also tiny).
- Currency conversion: When you fund your account with MYR, it converts to USD. The spread is typically around 0.5–1%, which matters if you’re moving money frequently.
- Withdrawal fee: Free for local bank transfers. International wire withdrawals may carry a fee.
- Options contracts: Webull charges a per-contract fee for options — check current pricing in-app as it’s updated periodically.
- Inactivity fee: None.
For a long-term buy-and-hold investor buying US ETFs like VT or VOO, the effective cost is extremely low. The currency conversion cost is the main drag, and it’s a one-time hit each time you fund.
Webull’s Cash Yield Offer: Is It Real?
The 6% p.a. offer on uninvested cash was Webull’s big launch hook — and yes, it was real when it ran. However, this is a promotional rate, not a permanent feature. By mid-2026, the offer has been tiered and time-limited for new users.
At the time of writing, new users who sign up and fund their account within the promotional window can still earn an elevated yield for an introductory period. Always check the current offer in-app before factoring it into your decision.
That said, even outside promotional periods, Webull does pay interest on idle cash — just at a lower base rate. This puts it ahead of brokers that pay zero on uninvested funds.
👉 Claim Webull’s current offer here — check what’s live before you sign up.
Webull Malaysia vs Moomoo Malaysia
These two are the most direct competitors in Malaysia’s US-stock broker space. Here’s how they stack up:
| Webull | Moomoo | |
|---|---|---|
| US stock commission | RM0 | RM0 |
| Malaysian stocks (Bursa) | ❌ Not available | ✅ Available |
| Options trading | ✅ Yes | ✅ Yes |
| Fractional shares | ❌ No | ❌ No |
| Cash yield on idle funds | Up to 6% (promo) | Up to 5.38% (promo) |
| Charting tools | Advanced | Advanced |
| Paper trading (practice) | ✅ Yes | ✅ Yes |
| SC regulated | ✅ Yes | ✅ Yes |
| Community/social features | Basic | Strong |
The biggest gap: Moomoo supports Bursa Malaysia stocks, Webull does not. If you want one platform for both US and local stocks, Moomoo is the clear answer. If you’re purely US-focused and want the cleanest charting interface, Webull holds its own.
Who Is Webull Best For?
Webull is ideal if you:
- Want to invest exclusively in US stocks and ETFs
- Are an intermediate-to-advanced investor who uses technical analysis
- Want to trade options in Malaysia
- Want to benefit from the introductory cash yield offer
- Prefer a clean, data-heavy charting interface
Look elsewhere if you:
- Want to buy Bursa Malaysia stocks (use Moomoo or Rakuten Trade)
- Are a complete beginner who needs guided onboarding (Moomoo has a better community for this)
- Want fractional shares (neither Webull nor Moomoo offers this in Malaysia currently)
Is Webull Safe in Malaysia?
Yes. Webull Securities (Malaysia) Sdn Bhd is regulated by the Securities Commission Malaysia and is a Capital Markets Services Licence (CMSL) holder. Client funds are held in a trust account separately from Webull’s own operational funds — meaning if Webull went under, your assets are protected.
Webull is also backed by global scale, with operations in the US, Hong Kong, Singapore, and Australia. It is not a fly-by-night startup.
Our Recommendation
Webull Malaysia is a legitimate, well-built platform for US market investors. The zero-commission model is genuinely cost-effective for long-term investors, the charting tools are among the best available to Malaysian retail investors, and the introductory cash yield offer is a meaningful bonus.
The main limitation is the absence of Bursa Malaysia coverage. If that’s not a dealbreaker for you, Webull deserves serious consideration. Sign up, take advantage of the welcome offer, and test the app in paper trading mode before putting real money in.
👉 Sign up for Webull Malaysia here — Claim the current welcome offer
Frequently Asked Questions
Is Webull available in Malaysia?
Yes. Webull launched in Malaysia in 2023 and is regulated by the Securities Commission Malaysia. You can download the Webull app on iOS or Android and open an account as a Malaysian resident.
Can I buy Malaysian stocks (Bursa) on Webull?
No. As of 2026, Webull Malaysia only supports US-listed stocks and ETFs. For Bursa Malaysia stocks, you’d need a different broker such as Moomoo, Rakuten Trade, or a local bank brokerage.
How do I deposit money into Webull Malaysia?
You deposit in MYR via local bank transfer or FPX. Webull converts it to USD at the prevailing exchange rate (plus a small spread). There is no minimum deposit required.
Is the 6% cash yield offer still available?
The 6% p.a. offer was a promotional rate for new users. It may still be available for a limited time — check the current offer via the sign-up link. Base cash yield rates (lower than 6%) apply after the promotional period.
How does Webull make money if commissions are zero?
Webull earns through payment for order flow (PFOF), currency conversion spreads, options contract fees, margin lending interest, and interest on uninvested cash held on the platform. Zero commission does not mean zero profit for them.
What happens to my money if Webull shuts down?
Client funds and securities are held in segregated trust accounts, separate from Webull’s operating funds. As an SC-regulated entity, Webull must follow strict requirements on client asset protection. Your money and shares would be accessible for transfer to another broker if the platform closed.
