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 exposes the fee assumptions rather than pretending every broker has the same brokerage schedule. The Trade Calc uses the brokerage rate entered by the user, together with the selected minimum-brokerage option and the configured clearing/stamp/SST assumptions, to estimate affordable lots and buy-side cost. Its Price Ladder then estimates P&L using both buy-side and sell-side fees.
The Position Size tab uses the entry-to-stop price distance for planned price risk and separately shows estimated buy fees; gaps, slippage and exit fees can make realised loss differ. The Average Calculator shows a buy-fee-adjusted cost basis for multiple purchase legs — it does not claim that purchase-side figure is a realised selling break-even.
These are educational estimates based on the inputs and fee assumptions shown. Confirm your own brokerage schedule and contract note.
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Frequently asked questions
How much are the total fees to buy and sell a stock on Bursa Malaysia?
For a RM10,000 overnight buy (e.g. at M+ Online's 0.08% rate, min RM8), one side costs RM21.00 (RM8.00 brokerage + RM3.00 clearing + RM10.00 stamp duty). A full round trip — buy then sell — is about RM42, roughly 0.42% of the position. Exact brokerage varies by broker. Figures are for illustration only.
What is the clearing fee on Bursa Malaysia?
0.03% of the contract value, capped at RM1,000 per contract. It is charged by Bursa Malaysia on both the buy and the sell.
What is the stamp duty on Malaysian share trades?
RM1 for every RM1,000 of contract value (0.10%), rounded up to the nearest ringgit and capped at RM1,000 per contract, on both buy and sell.
Is there SST on stock brokerage in Malaysia?
Not on ordinary share trades. Brokerage commission on the trading of shares listed on Bursa Malaysia is exempt from service tax, effective 1 January 2022 — that exemption was confirmed to continue after the general SST rate rose to 8% on 1 March 2024 (Bursa Malaysia Trading Participant Circular 05/2024). The 8% SST does apply to brokerage on derivatives (futures and options) and certain other broking services, but not to standard equity trades. Clearing fees and stamp duty are not subject to SST either. For illustration only — confirm on your contract note.
Do fees apply when I buy and again when I sell?
Yes. Brokerage, clearing fee and stamp duty are all charged on each side — once when you buy and once when you sell. That round-trip cost is what your price has to clear before you break even.
Educational information only. Not investment advice and not a recommendation to buy or sell any security.