Bursa broker Accounts

bursa Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: bursa Account Types Overview

bursa Account Types Explained

Bursa Malaysia offers several account types tailored to different trading needs and profiles. Below are the primary account types available:

1. Standard Account

• Minimum Deposit Requirement: RM 1,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Access to a wide range of trading instruments, including equities and derivatives.
• Target User Profile: Suitable for beginners and retail traders.
• Trading Instruments Available: Stocks, ETFs, and derivatives.

1. ECN Account

• Minimum Deposit Requirement: RM 5,000
• Spread/Commission Structure: Tight spreads from 0.1 pips with a commission fee.
• Leverage Options: Up to 1:200
• Key Features: Direct market access with lower spreads; ideal for high-frequency trading.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, commodities, and indices.

1. Pro Account

• Minimum Deposit Requirement: RM 10,000
• Spread/Commission Structure: Fixed spreads with lower commission rates.
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading tools and analytics; suitable for institutional clients.
• Target User Profile: Institutional traders and serious investors.
• Trading Instruments Available: Comprehensive range including forex, commodities, and equities.

1. Islamic Account

• Minimum Deposit Requirement: RM 1,000
• Spread/Commission Structure: Similar to Standard Account but without swaps.
• Leverage Options: Up to 1:100
• Key Features: Compliant with Sharia law; no interest or swap fees.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Stocks, ETFs, and derivatives.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Simulated trading conditions.
• Leverage Options: Up to 1:100 (simulated)
• Key Features: Practice trading without financial risk; access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Stocks, ETFs, forex, and derivatives.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account

Part 2: bursa Account Features Comparison

Detailed bursa Account Features

When comparing the features of different bursa account types, consider the following aspects:

• Minimum Deposit:

• Standard: RM 1,000

• ECN: RM 5,000

• Pro: RM 10,000

• Islamic: RM 1,000

• Demo: N/A

• Maximum Leverage:

• Standard: 1:100

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:100

• Demo: 1:100 (simulated)

• Spreads (Typical/Minimum):

• Standard: Variable from 1.5 pips

• ECN: From 0.1 pips

• Pro: Fixed spreads

• Islamic: Similar to Standard

• Demo: Simulated conditions

• Commission Fees:

• Standard: None

• ECN: Applicable

• Pro: Lower rates

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: Proprietary platform

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance for practice

• Access to all trading instruments

• Limited duration (typically 30 days)

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to diverse instruments

• ECN Account:

• Tight spreads for cost-effective trading

• Suitable for high-frequency trading

• Direct market access

• Pro Account:

• Enhanced trading tools

• Lower commission rates

• Ideal for institutional trading

• Islamic Account:

• Compliant with Sharia law

• No interest charges

• Suitable for Muslim traders

• Demo Account:

• Risk-free environment for practice

• No financial commitment

• Opportunity to test strategies

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees can add up

• Pro Account:

• High minimum deposit requirement

• May not be suitable for casual traders

• Islamic Account:

• Limited availability of certain features

• May have restrictions on trading strategies

• Demo Account:

• No real financial gain

• Limited duration may not be sufficient for learning

Part 3: bursa Account Opening Requirements

bursa Account Registration Requirements

To open a bursa account, the following eligibility criteria must be met:

• Age Requirements:

• Must be at least 18 years old.

• Geographic Restrictions:

• Open to Malaysian residents and specific foreign nationals.

• Prohibited Countries:

• Countries under international sanctions may be restricted.

• Identity Verification Documents Needed:

• National ID (MyKad) for Malaysians or passport for foreigners.

• Proof of Residence Requirements:

• Utility bill or bank statement showing the current address.

• Additional Documentation for Professional Accounts:

• Business registration documents for corporate accounts.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as mandated by regulatory authorities.

Verification Time Frames

• Account verification typically takes 3 to 5 business days, depending on the completeness of the submitted documents.

Part 4: bursa Account Opening Process

Step-by-Step bursa Account Opening Guide

1. Visit Website and Click Registration:

• Go to the official Bursa Malaysia website.

1. Personal Information Entry:

• Fill in personal details including name, contact information, and identification number.

1. Choose Account Type:

• Select the desired account type based on trading needs.

1. Set Trading Preferences:

• Specify trading preferences such as leverage and trading instruments.

1. Document Upload:

• Upload required identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Deposit the minimum required amount to activate the account.

1. Start Trading:

• Once approved, begin trading on the Bursa platform.

Desktop vs Mobile Registration Differences

• Desktop registration may offer a more comprehensive interface, while mobile registration is streamlined for quick access.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.

• Solution: Ensure all documents are clear and legible before uploading.

• Issue: Delays in verification.

• Solution: Contact customer support for updates.

Average Account Approval Time

• The average time for account approval is 3 to 5 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support or your broker to request an upgrade or downgrade of your account type.

Part 5: bursa Demo Account Information

bursa Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to all trading instruments available in live accounts.

• How to Open a Demo Account:

• Follow the same registration process as for a live account but select "Demo Account" during the account type selection.

• Demo Account Limitations:

• Limited duration (typically 30 days).

• Virtual funds only; no real trading.

• Virtual Balance Amount:

• Typically provided with a virtual balance of RM 100,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts involve real money.

• Market conditions may differ slightly due to liquidity.

• Duration/Expiry of Demo Accounts:

• Most demo accounts expire after 30 days unless extended by the broker.

Part 6: bursa Islamic Account Details

bursa Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Eligibility Requirements:

• Must adhere to Sharia law principles.

• Differences from Standard Accounts:

• No swap fees applied; all trading conditions remain similar.

• How to Apply for Islamic Account:

• Indicate the request for an Islamic account during the registration process.

• Restrictions or Special Conditions:

• May have limitations on certain trading strategies that involve interest.

FAQs – bursa Account Types & Opening

1. What account types does bursa offer？

• Bursa offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: RM 1,000; ECN: RM 5,000; Pro: RM 10,000; Islamic: RM 1,000; Demo: N/A.

1. How long does bursa account verification take？

• Typically 3 to 5 business days.

1. Does bursa offer demo accounts？

• Yes, bursa offers demo accounts for practice trading.

1. Can I have multiple account types with bursa？

• Yes, you can open multiple account types.

1. Does bursa offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for Standard, ECN, and Pro accounts.

1. What documents do I need to open a bursa account？

• Identity verification documents and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.