Though we wish it to be true, money doesn’t grow on trees. Most people save for old age and rainy days, and that’s the least anyone can do to have a more secure future. However, savings are mostly static while investments are dynamic. For anyone looking to grow their money, they’d be best looking into investing some of their earnings to generate extra passive income. To those unfamiliar with the world of investment, it can be daunting and complicated. However, there are plenty of investing apps in Malaysia that provide an accessible and convenient way to invest, even for those with limited knowledge of the financial markets. We take a look at some of the best investment apps in Malaysia that will ease you into investing your money in no time.
Are Investing Apps Safe?
Trusting an app to invest your money in is crucial. The most trustworthy investment apps share a few commonalities, such as being transparent about their fee structure, being rated highly by the Better Business Bureau, and offering helpful customer support. In Malaysia, the best investment apps are licensed by the Securities Commission Malaysia (you can check the public register of licence holders here).
Can I Start Investing With RM100?
Absolutely. Those with limited capital can invest with the best investment apps in Malaysia with an initial amount as low as RM100.
7 Best Investment Apps In Malaysia To Start Growing Your Money
Ready to invest? Explore these investment apps in Malaysia rated as the best of the bunch.
1. StashAway
StashAway is one of the most popular and best investment apps in Malaysia, as it is user-friendly and offers an easy way to monitor your investments. Developed by individuals with over 50 years of combined experience in the finance and tech industries, the digital wealth management platform provides personalised investment solutions based on the user’s financial goals and risk appetite. You can start investing from as little as you want with management fees as low as only 0.2% annually.
It also offers free access to financial courses, webinars, podcasts, insights, and market commentaries for those who wish to learn about personal finance and investing.
Portfolio: Exchange-traded fund (ETF)
Minimum investment amount: None
Download StashAway for free: iOS l Android l Huawei AppGallery
2. Raiz
Invest smartly with Raiz, which helps you invest your spare change from daily purchases into an investment portfolio made of unit trust funds. The app makes it easy for users to automatically invest small amounts regularly with unlimited deposits and withdrawals. It can also rebalance users’ investment portfolios to mitigate risk and optimise returns.
On top of that, you can also get cash bonuses or cashback while you shop using Raiz Rewards. The cashback you earn will be invested into your Raiz account automatically.
Portfolio: Unit Trust funds
Minimum investment amount: RM5
Download Raiz for free: iOS l Android
3. Wahed
For those looking for halal and Shariah-compliant investing apps in Malaysia, Wahed is one of the go-to choices. You can choose the risk tolerance you’re comfortable with, and the app will handle the rest. Wahed will invest your money across different funds such as global stocks, emerging market stocks, gold, and Sukuk. It will not invest in impermissible industries involving alcohol, gambling, arms, and tobacco, among others.
You can start investing with low capital with no long-term commitments and place a deposit or withdrawal request anytime.
Portfolio: ETFs
Minimum investment amount: RM100
Download Wahed for free: iOS l Android
4. Versa
Versa is a digital platform that allows you to manage your cash and invest. You can save your money (starting from only RM1) in Versa and earn interest on par with a fixed deposit. Besides that, you can also invest in multiple top-class, high-interest rate global funds in various portfolios managed by AHAM Capital Asset Management (formerly Affin Hwang Asset Management) with a low minimum amount of only RM100.
Portfolio: Gold, real estate investment trust (REIT)
Minimum investment amount: RM100
Download Versa for free: iOS l Android l Huawei AppGallery
5. MYTHEO
MYTHEO uses artificial intelligence (AI) and proprietary machine learning algorithms to create a personalised investment portfolio for each user as well as diversify their investments globally and fully automate your portfolio rebalancing. Its investment engine monitors the market and economic data, news, and reliable social media comments to optimise the risk returns so you can invest with minimal risk. Invest with a minimal management fee of only 0.5% – 1% p.a. on your investment value with zero hidden charges.
Portfolio: ETFs
Minimum investment amount: RM100
Download MYTHEO for free: iOS l Android
6. Bursa Anywhere
Bursa Anywhere is the official mobile investing app of Bursa Malaysia, the country’s stock exchange. The app allows users to access real-time stock prices, market news, and company announcements. One standout feature is its ability to provide users with access to their Central Depository System (CDS) account, allowing them to manage their investments directly from their mobile devices.
Bursa Anywhere also offers a virtual trading feature to let users practice trading without risking any real money. This can be a great way for beginners to learn the ropes of trading before they start investing their own money.
Portfolio: Stocks
Minimum investment amount: RM100
Download Bursa Anywhere for free: iOS l Android
7. Touch ‘n Go eWallet
If you don’t already know, Touch ‘n Go offers an investment feature in their widely-used e-wallet app. GOinvest lets you start your investment from as low as RM10 and earn up to 3.7% p.a. returns. It is a Shariah-compliant fund managed by Principal Asset Management which ensures the safety and security of your money.
Portfolio: Unit Trust funds
Minimum investment amount: RM10
Download Touch ‘n Go eWallet for free: iOS l Android
Start Growing Your Wealth Today With These Best Investment Apps In Malaysia
While investing in the stock market is a great way to grow your wealth and secure your financial future, traditional investment methods can be pretty intimidating, especially for those who are new to the game. Fortunately, the existence of many investing apps in Malaysia takes away a lot of the initial barriers and makes it so much easier for anyone to dip their toes into investing. With minimal capital as an entry point, why not give these best investment apps in Malaysia a try?
Related: Bad At Managing Money? Here Are 7 Budgeting Apps That Can Help You
