Malacca Securities

Malacca Securities Sdn Bhd is a stockbroking company. In July 2022, Bursa Malaysia onboarded the company as the first Islamic participating organisation to offer sharia trading services.
History
The company was founded in 1963. In 2010, the company penalised its authorised trader for faking trades through NCBO.
On 26 September 2012, an outlet at Penang was set up. As at 15 July 2021, the company had more than 250,000 clients.
Digitalisation
In 2010, the company launched its online platform. In 2012, the company transitioned into the digital market with M+ Online platform. In 2020, the platform continued to be developed with collaboration from Alibaba Cloud.
On 24 May 2023, the company introduced M+ Global as a platform accessible to trades at the United States and Hong Kong. The platform already had around 10,000 users registered at the time, since it was launched a month earlier. The platform offers access to stocks listed on the Hong Kong Stock Exchange and Nasdaq. It is the first platform in Malaysia to work with Nasdaq to provide real-time data. The platform has sharia trading.

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