Quick answer: M+ Global is the stock trading app from Malacca Securities Sdn Bhd, a Malaysian stockbroker founded in 1963 and licensed by the Securities Commission Malaysia. One account lets you trade Bursa Malaysia, US and Hong Kong stocks. Bursa brokerage starts at 0.05% (minimum RM8), and US and Hong Kong trades start at 0.10% (minimum US$3 / HK$18). M+ Global has also replaced the older M+ Online app. This guide covers what it costs, how to open an account, how to use the app, and whether it suits you.
M+ Global at a glance (2026)
| Operated by | Malacca Securities Sdn Bhd (est. 1963), a Participating Organisation of Bursa Malaysia |
| Regulator | Securities Commission Malaysia (SC) |
| Markets | Bursa Malaysia, US (NYSE, NASDAQ), Hong Kong (HKEX) |
| Products | Stocks, ETFs, REITs, warrants, CBBCs (HK), IPOs |
| Bursa brokerage | From 0.05%, minimum RM8.00 |
| US brokerage | From 0.10%, minimum US$3.00 |
| HK brokerage | From 0.10%, minimum HK$18.00 |
| Margin interest (US/HK) | 8% a year |
| Account opening | Online in the app with your MyKad (eKYC); a CDS account is opened at the same time |
| Extras | IPO subscription and IPO financing, Shariah screening for global stocks, real-time data, in-app news |
| App | iOS, Android, Huawei AppGallery, plus a web/desktop version |
Fees are the published “as low as” rates from mplusonline.com/pricing, checked October 2026. Your actual rate can depend on your account type, so check the app before trading.
What is M+ Global?
M+ Global is Malacca Securities’ all-in-one trading platform. It launched in 2023 to give Malaysians access to US and Hong Kong stocks. In 2024 Malacca Securities began folding its older Bursa-only app, M+ Online, into M+ Global, so local and foreign stocks now sit in one app. Most guides still treat them as two separate products. If you still use M+ Online, read how to switch from M+ Online to M+ Global.
Malacca Securities started in 1963 as Malacca Traders, became Malacca Securities Sdn Bhd in 1992, launched M+ Online in 2012 and says it now serves over 300,000 Malaysians. It won Best Malaysian Securities Platform at the PC.com Readers’ Choice Awards 2025.
Who owns M+ Global, and is it regulated?
M+ Global is owned and run by Malacca Securities Sdn Bhd (company no. 197301002760). The firm holds a Capital Markets Services Licence from the Securities Commission Malaysia for dealing in securities, and is a Participating Organisation of Bursa Malaysia Securities Berhad. Your Bursa shares are held in your own CDS account at Bursa Depository, in your name.
M+ Global fees explained, with real examples
Most M+ Global articles copy the fee table and stop there. The minimum fee is what really decides your cost, because on small trades the minimum applies, not the percentage.
| Market | Brokerage | Minimum per trade | Trade size where the % starts to apply |
|---|---|---|---|
| Bursa Malaysia | 0.05% | RM8.00 | About RM16,000 |
| US | 0.10% | US$3.00 | About US$3,000 |
| Hong Kong | 0.10% | HK$18.00 | About HK$18,000 |
The full cost of a Bursa trade
On Bursa Malaysia you pay three charges on every contract: brokerage, the Bursa clearing fee (0.03%, capped at RM1,000) and stamp duty (RM1 for every RM1,000 or part of it, capped at RM1,000). Brokerage on Bursa trades has been exempt from service tax since 1 January 2022.
| Trade value | Brokerage | Clearing fee | Stamp duty | Total (one side) |
|---|---|---|---|---|
| RM5,000 | RM8.00 (minimum) | RM1.50 | RM5.00 | RM14.50 (0.29%) |
| RM20,000 | RM10.00 | RM6.00 | RM20.00 | RM36.00 (0.18%) |
| RM50,000 | RM25.00 | RM15.00 | RM50.00 | RM90.00 (0.18%) |
You pay these when you buy and again when you sell. On a RM5,000 position the round trip is about RM29, so the share price has to rise roughly 0.6% before you break even. Fewer, larger trades cost less in percentage terms than many small ones. More detail: M+ Global Bursa fee guide.
US and Hong Kong costs most guides leave out
- Currency conversion. You deposit ringgit, and the app converts to USD or HKD when you buy foreign stocks. The conversion spread is a real cost on top of brokerage, so check the rate shown before confirming.
- Exchange and regulatory fees. US and Hong Kong exchanges add small fees of their own, and Hong Kong charges stamp duty on both buys and sells. These appear on your contract note.
- US dividend tax. Malaysia has no tax treaty with the US, so the US normally withholds 30% of dividends paid to Malaysian investors. A 4% US dividend yield works out to about 2.8% for you.
- Margin. US and HK margin financing is charged at 8% a year. Read how M+ Global margin works before using it.
Full breakdowns: US stock fees on M+ Global and Hong Kong stock fees on M+ Global.
Trading hours in Malaysia time
| Market | Hours (Malaysia time, MYT) |
|---|---|
| Bursa Malaysia | 9:00am–12:30pm and 2:30pm–5:00pm, Monday to Friday |
| Hong Kong (HKEX) | 9:30am–12:00pm and 1:00pm–4:00pm (same time zone as Malaysia) |
| US (NYSE/NASDAQ) | 9:30pm–4:00am during US daylight saving time (about March to early November); 10:30pm–5:00am the rest of the year |
Bursa trades settle on T+2, two market days after the trade. Make sure the cash is in your account by then, or sell before settlement.
How to open an M+ Global account
- Download M+ Global from the App Store, Google Play or Huawei AppGallery.
- Tap Open Account and register with your mobile number and email.
- Enter an invitation code if you want a dedicated remisier to look after your account. With code UBZQ, I’m your remisier (see disclosure below).
- Complete eKYC: scan your MyKad and take a selfie. A CDS account is opened as part of the process.
- Wait for approval, then make your first deposit and start trading.
Step-by-step screenshots: How to open an M+ Global account in 3 steps. If you already hold shares with another broker, you can transfer them into M+ Global.
How to use the M+ Global app: the 5 things you’ll do most
1. Deposit money
Go to the funds or deposit section, choose online banking (FPX) for near-instant funding, enter the amount and approve it in your bank’s app. Manual bank transfers take longer to show up. You deposit in ringgit even if you plan to buy US or Hong Kong shares.
2. Buy a stock
Search the stock name or code, tap Buy, choose an order type (limit is safer than market for most people), enter the price and quantity, and confirm. On Bursa, 1 lot = 100 shares.
3. Sell a stock
Open your portfolio, pick the holding, tap Sell and set your price. Conditional orders let you set a take-profit or stop-loss in advance, so you don’t have to watch the screen.
4. Apply for IPOs
M+ Global handles Bursa IPO applications in the app and was the first in Malaysia to offer IPO financing, which lets you apply for a larger allocation. Guide: How to subscribe for IPOs on M+ Global.
5. Withdraw money
Request a withdrawal to the bank account registered under your name. Sale proceeds can only be withdrawn after the trade has settled. Guide: M+ Global withdrawal steps and timing.
For a full screen-by-screen walkthrough, read How to use the M+ Global app, step by step. On a PC, see the M+ Global desktop tutorial.
Features worth knowing about
- One app, three markets. You can trade Bursa, US and Hong Kong stocks without opening a second broker account.
- Shariah screening for global stocks, provided through IdealRatings, so Muslim investors can check US and HK stocks as well as Bursa ones.
- IPO financing for Bursa IPOs.
- Real-time quotes and market depth, plus in-app news and live streams.
- Conditional orders such as take-profit and stop-loss.
- Margin trading on US and HK stocks at 8% a year.
- Vouchers and rewards for new users from time to time. See the M+ Global vouchers guide.
Pros and cons
| Pros | Cons |
|---|---|
| Licensed Malaysian broker with over 60 years of history | The RM8 minimum makes very small Bursa trades relatively expensive |
| Bursa, US and HK in one app, funded in ringgit | Currency conversion spreads add to the cost of US/HK trades |
| Bursa shares held in your own CDS account | US dividends lose 30% to US withholding tax (true for every Malaysian broker) |
| IPO financing and Shariah screening | Only Malaysia, US and Hong Kong, so no access to markets such as Singapore or Japan |
| Option of a dedicated remisier for help and IPO tips | Advanced charting is simpler than on dedicated trading terminals |
Is M+ Global right for you?
- Good fit: Malaysians who want Bursa and US/HK stocks in one place, regular Bursa IPO applicants, Shariah-conscious investors, and anyone who wants a human remisier to call when something goes wrong.
- Less ideal: people who only buy a few hundred ringgit of shares at a time (the minimum fee bites), and investors who want markets beyond Malaysia, the US and Hong Kong.
Comparing brokers? See Best stock broker in Malaysia 2026: fees and features compared, or read my shorter M+ Global review: pros and cons.
M+ Global FAQ
Is M+ Global safe?
M+ Global is run by Malacca Securities, which is licensed by the Securities Commission Malaysia and is a Participating Organisation of Bursa Malaysia. Bursa shares are held in your own CDS account at Bursa Depository. As with any app, turn on every security feature it offers and never share your login or OTP.
Is M+ Global the same as M+ Online?
Both come from Malacca Securities. M+ Online was the older Bursa-only app. Since 2024 it has been merged into M+ Global, which covers Bursa, US and Hong Kong in a single app.
What is the minimum deposit for M+ Global?
RinggitPlus lists a minimum of RM100. In practice, keep enough to cover the shares plus fees. One lot of a RM1 Bursa stock is RM100 plus about RM9 in charges.
How much does M+ Global charge per trade?
Bursa from 0.05% (minimum RM8), US from 0.10% (minimum US$3) and Hong Kong from 0.10% (minimum HK$18). Bursa trades also carry a 0.03% clearing fee and stamp duty of RM1 per RM1,000.
Can I buy US stocks with M+ Global?
Yes. You can trade thousands of US stocks and ETFs on NYSE and NASDAQ, funded from ringgit. The US market opens at 9:30pm or 10:30pm Malaysia time, depending on US daylight saving time.
Does M+ Global have Shariah-compliant stock screening?
Yes. It shows Shariah status for Bursa stocks and screens US and Hong Kong stocks through IdealRatings.
Can I use M+ Global on a computer?
Yes. Besides the mobile app there is a web/desktop version. See the desktop tutorial.
How do I move my shares out of M+ Global?
Bursa shares can be moved between CDS accounts, and US/HK shares by broker transfer. Fees apply. See How to transfer stock out of M+ Global.
Key takeaways
- M+ Global is Malacca Securities’ licensed app for Bursa, US and Hong Kong stocks, and it has replaced M+ Online.
- Brokerage starts at 0.05% (minimum RM8) for Bursa and 0.10% for US/HK. The minimum fee matters more than the rate for trades below about RM16,000.
- On Bursa, budget about 0.3% each way for a RM5,000 trade once clearing and stamp duty are included.
- For US stocks, also allow for the currency spread and 30% withholding tax on dividends.
- It is strongest for IPO investors, Shariah-conscious investors and anyone who wants a remisier on call.
Ready to start? Open M+ Global with invitation code UBZQ and I’ll be your remisier for account setup, IPOs and any trading questions.
Disclosure: Dexter Chia is a licensed dealer’s representative (DR code R336) at Malacca Securities Sdn Bhd, which operates M+ Global. This guide is for education only and is not investment advice. Fees and features change; check mplusonline.com for the latest details. Sources: mplusonline.com pricing and About Us pages, RinggitPlus, StashAway (Bursa clearing fee and stamp duty), checked October 2026.
