Bursa Malaysia Trading Fees (2026): Brokerage, Clearing & Stamp Duty

TL;DR — Every ordinary Bursa Malaysia share trade carries three standard costs: brokerage (broker-set — e.g. at M+ Online’s rate: 0.08% overnight / 0.05% intraday, min RM8; varies by broker), a 0.03% clearing fee (capped RM1,000), and stamp duty (RM1 per RM1,000, capped RM1,000). Brokerage commission on trading of Bursa-listed shares is exempt from SST (effective 1 January 2022). All three standard costs apply on the buy and again on the sell — so a round trip on a RM10,000 overnight position costs roughly RM42 before the price moves at all. Figures are for illustration only.

The three standard costs on every Bursa equity trade

Cost	Rate	Minimum / Cap	Charged by	Buy	Sell
Brokerage (commission)	Broker-set — e.g. at M+ Online’s rate: 0.08% overnight / 0.05% intraday; varies by broker	Min RM8 whichever is higher (M+ Online)	Your broker	✓	✓
Clearing fee	0.03% of contract value	Capped RM1,000 per contract	Bursa Malaysia	✓	✓
Stamp duty	RM1 per RM1,000 (0.10%), rounded up	Capped RM1,000 per contract	Government	✓	✓

SST note: Brokerage commission on trading of shares listed on Bursa Malaysia is exempt from service tax (effective 1 January 2022; exemption confirmed to continue after the general rate rose to 8% on 1 March 2024). The 8% SST applies to brokerage on derivatives (futures and options) and certain other broking activities — not to standard equity trades. Clearing fees passed through by your broker and stamp duty are also not subject to SST. Rates above reflect the Bursa Malaysia fee structure as of 2026. Brokerage is set by each broker and varies; M+ Online is named as an example only — BursaEdge is not affiliated with M+ Online. Figures are for illustration only — confirm the exact amounts on your contract note.

How much does one trade actually cost?

Worked example — a RM10,000 overnight buy (e.g. at M+ Online’s 0.08% rate, min RM8). For illustration only:

Line item	Calculation	Amount
Brokerage	0.08% × RM10,000 = RM8 (min RM8 applies)	RM8.00
Clearing fee	0.03% × RM10,000	RM3.00
Stamp duty	RM1 × 10 (10 × RM1,000 bands, rounded up)	RM10.00
SST on brokerage	Exempt — listed-share equity brokerage is SST-exempt since 1 Jan 2022	RM0.00
Total cost — buy side		RM21.00

Sell the same position at the same value and you pay the costs again on the sell side (~RM21.00), for a round-trip cost of about RM42. On a RM10,000 position that is roughly 0.42% — the amount the price has to move in your favour just to get back to flat. Brokerage varies by broker; these figures are for illustration only.

Why round-trip cost matters more than the headline rate

Traders quote “0.1% brokerage” and stop there. But you are charged on both legs, and stamp duty plus the clearing fee stack on top of brokerage each time. The number that actually governs your profit is the all-in round-trip cost — every cost on the buy plus every cost on the sell. That is your true break-even hurdle.

For small trades the minimums dominate: an RM8 minimum brokerage on a RM1,000 trade is already 0.8% per side — far more than the headline rate. For large trades the caps matter: both the clearing fee and stamp duty stop at RM1,000 per contract, so above that level those two costs no longer scale with contract size.

How BursaEdge handles this

BursaEdge’s calculator (Trade Calc, Position Size, and Average Calculator tabs) folds all three standard costs — brokerage, clearing fee and stamp duty, on both legs — into a single figure, so you can see the exact price a position must reach to clear its own costs before you ever place it. It is an educational tool for understanding your numbers; the decision to trade is always yours.

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