Reviews of Malacca Securities Sdn Bhd
This is page 29 of 31 of the reviews SmartChecker holds for Malacca Securities Sdn Bhd. What the public registers say about the company is set out on its record page, not here.
What does SmartChecker make of Malacca Securities?SmartChecker 怎么看 Malacca Securities？Apa pandangan SmartChecker tentang Malacca Securities?
Written by Pang Hui JuanDirector of Online Broker Research
Fact-checked by Ng Kok HeiManaging Malaysian Partner
Fact-checked
I’ve been looking into Malacca Securities, one of Malaysia’s established stockbroking firms.
Its established position in the local stockbroking industry is a strength. It is a Participating Organisation of Bursa Malaysia and provides access to Malaysian equities, online trading and Shariah-compliant stockbroking through Bursa Malaysia-i.
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Investors should also understand its regulatory history. In September 2022, the Securities Commission Malaysia (SC) took administrative action against Malacca Securities Sdn Bhd for two breaches of its Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) Guidelines. The issues included inadequate ongoing customer due diligence and account monitoring, and failures involving risk reclassification and suspicious transaction reporting. The SC issued a reprimand for each breach and a total penalty of RM220,000. Its review application was dismissed in February 2023.
An earlier AML/CFT-related action followed in July 2020. The SC found that Malacca Securities had not responded in time to certain law-enforcement orders under the Anti-Money Laundering Act. It reprimanded the company and directed it to allocate at least RM200,000 to strengthen compliance systems, monitoring, controls and staff training.
Separately, some individuals associated with Malacca Securities have faced disciplinary action for trading-related misconduct. Individual cases must be distinguished from findings against the company and should not automatically be attributed to it.
Overall, Malacca Securities is a locally established, regulated stockbroking firm with access to Bursa Malaysia and Islamic stockbroking services. Its regulatory record also shows past AML/CFT compliance issues. Regulation provides the framework. Transparency provides confidence. Due diligence remains every investor’s responsibility.
Malacca Securities 是马来西亚较成熟的股票经纪公司，也是 Bursa Malaysia Participating Organisation，提供马来西亚股票、网上交易及 Bursa Malaysia-i 的伊斯兰股票经纪服务。
2022 年 9 月，SC 因两项 AML/CFT 指引违规对 Malacca Securities Sdn Bhd 采取行政行动，涉及持续客户尽职调查、账户监控、风险重新分类和可疑交易报告。SC 对每项违规作出谴责，合计罚款 RM220,000；复核申请于 2023 年 2 月被驳回。
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2020 年 7 月另有一项 AML/CFT 行动。SC 指公司未及时回应执法机构根据反洗钱法发出的若干命令，并要求至少拨出 RM200,000 加强合规系统、监控、控制和员工培训。
与公司有关联的个别人士也曾因交易行为受纪律处分，但个人案件必须与针对公司的监管结论分开。
整体而言，它是本地受监管、可接入 Bursa Malaysia 的股票经纪公司，同时也有过去的 AML/CFT 合规纪录。投资者应结合监管、透明度和自身尽职调查作出判断。
Saya telah meneliti Malacca Securities, salah sebuah firma pembrokeran saham yang mapan di Malaysia.
Kedudukannya yang mapan dalam industri pembrokeran saham tempatan ialah satu kekuatan. Ia merupakan Participating Organisation Bursa Malaysia dan menyediakan akses kepada ekuiti Malaysia, dagangan dalam talian serta pembrokeran saham patuh Syariah menerusi Bursa Malaysia-i.
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Pelabur juga perlu memahami sejarah kawal selianya. Pada September 2022, Securities Commission Malaysia (SC) mengambil tindakan pentadbiran terhadap Malacca Securities Sdn Bhd bagi dua pelanggaran Garis Panduan Pencegahan Pengubahan Wang Haram dan Pembiayaan Keganasan (AML/CFT). Isunya termasuk usaha wajar pelanggan dan pemantauan akaun yang berterusan tetapi tidak mencukupi, serta kegagalan berkaitan pengelasan semula risiko dan pelaporan transaksi mencurigakan. SC mengeluarkan teguran bagi setiap pelanggaran dan penalti berjumlah RM220,000. Permohonan semakannya ditolak pada Februari 2023.
Satu lagi tindakan berkaitan AML/CFT berlaku lebih awal, pada Julai 2020. SC mendapati Malacca Securities tidak membalas dalam masa yang ditetapkan terhadap perintah penguatkuasaan undang-undang tertentu di bawah Akta Pencegahan Pengubahan Wang Haram. SC menegurnya dan mengarahkannya memperuntukkan sekurang-kurangnya RM200,000 untuk mengukuhkan sistem pematuhan, pemantauan, kawalan dan latihan kakitangan.
Secara berasingan, beberapa individu yang dikaitkan dengan Malacca Securities pernah menghadapi tindakan tatatertib kerana salah laku berkaitan dagangan. Kes individu mesti dibezakan daripada dapatan terhadap syarikat dan tidak harus dikaitkan dengannya secara automatik.
Secara keseluruhan, Malacca Securities ialah firma pembrokeran saham tempatan yang mapan dan dikawal selia, dengan akses kepada Bursa Malaysia dan perkhidmatan pembrokeran saham Islam. Rekod kawal selianya juga menunjukkan isu pematuhan AML/CFT pada masa lalu. Kawal selia menyediakan rangka kerjanya. Ketelusan memberikan keyakinan. Usaha wajar kekal menjadi tanggungjawab setiap pelabur.
Official sources
Reviews are written by SmartChecker members about their own experience and checked against our review rules. No company can pay to add, change or remove one.
Top mentions
All reviews 619 reviews
signal_demo_64540
Excellent Research Pages ΓÇö Demo 161
As a five-star test scenario, the research section has an excellent information hierarchy. Clear labeling around reports and supporting sources is a highlight of the design concept. It does not describe verified service performance.
finance_stock_74408
Excellent Market Data Labels ΓÇö Demo 168
This synthetic positive review praises the clarity of the market data displays. The emphasis on timestamps and data descriptions supports a smoother informational experience. This note is for demo interface and sentiment testing only.
demo_equity_37728
Poor Privacy Information ΓÇö Demo 020
This one-star test case flags serious clarity problems in the privacy section. The lack of clear signposting for privacy policies and account data explanations is a major problem in this test case. This note is for demo interface and sentiment testing only.
invest_data_19448
Poor Market Overview ΓÇö Demo 033
The fictional user cannot confidently understand the proposed market overview. A complete redesign of how market summaries and price panels is presented should be considered. No actual brokerage usage or transaction is asserted.
market_insight_70463
Excellent Market Overview ΓÇö Demo 153
This synthetic positive review praises the clarity of the market overview. The emphasis on market summaries and price panels supports a smoother informational experience. It does not describe verified service performance.
equity_trend_51033
Excellent Order Ticket Design ΓÇö Demo 072
For interface testing, the order entry screen stands out as easy to understand. The emphasis on field labels and confirmation steps supports a smoother informational experience. This note is for demo interface and sentiment testing only.
demo_ms5_069_4699
Mobile Navigation ΓÇö Test Scenario 069
For a five-star sentiment fixture, small-screen menus and responsive spacing the layout is especially clear and easy to scan. This synthetic text does not describe actual platform performance.
stock_chart_86080
Good Risk Disclosures ΓÇö Demo 038
The test impression of the risk information is mostly favorable. Information about warnings and product-specific explanations is visible, although a few tooltips would improve it. No actual brokerage usage or transaction is asserted.
trade_watch_77027
Good Risk Disclosures ΓÇö Demo 068
The risk information seems thoughtfully organized in this test scenario. Information about warnings and product-specific explanations is visible, although a few tooltips would improve it. This is simulated copy, not a report from a customer.
demo_ms5_114_5311
Order Entry Design ΓÇö Test Scenario 114
For demo display testing, order form labeling and visual hierarchy the design concept prioritizes readability and logical navigation. No real account, trade, or customer experience is claimed.
index_ticker_54410
Good Portfolio Overview ΓÇö Demo 073
The portfolio dashboard seems thoughtfully organized in this test scenario. The explanation of holdings and allocation visuals could still be slightly more concise. This note is for demo interface and sentiment testing only.
chart_index_46059
Poor Fee Disclosure Layout ΓÇö Demo 007
In this synthetic negative scenario, the fees page makes key information difficult to locate. The scenario requires clear, prominent explanations of cost definitions and comparison examples before it is usable. This is simulated copy, not a report from a customer.
demo_ms5_106_3579
Education Center ΓÇö Test Scenario 106
As a mock platform review, beginner learning guides and topic links the information is thoughtfully grouped and visually balanced. No real account, trade, or customer experience is claimed.
demo_ms5_088_3826
Risk Information ΓÇö Test Scenario 088
This testing entry showcases risk explanations and warning placement the section headings feel intuitive and well structured. This is demo content, not verified customer feedback.
stock_pulse_26058
Excellent Dividend Information ΓÇö Demo 053
For interface testing, the corporate actions section stands out as easy to understand. Clear labeling around dividend events and notices is a highlight of the design concept. No actual brokerage usage or transaction is asserted.
demo_ms5_082_9132
Watchlist Layout ΓÇö Test Scenario 082
For a positive interface test case, watchlist cards and asset labels the labels and sections offer an appealing visual structure. This is demo content, not verified customer feedback.
folio_pulse_24154
Good Search And Filtering ΓÇö Demo 065
The demo layout of the instrument search is generally easy to follow. Information about filters and results is visible, although a few tooltips would improve it. This note is for demo interface and sentiment testing only.
ticker_data_82429
Excellent Responsive Spacing ΓÇö Demo 079
As a five-star test scenario, the mobile page layout has an excellent information hierarchy. The treatment of readability and touch target sizes makes this a strong example of readable financial UI. This note is for demo interface and sentiment testing only.
invest_research_89590
Excellent Interface Consistency ΓÇö Demo 180
As a five-star test scenario, the overall platform interface has an excellent information hierarchy. The emphasis on layout patterns and visual hierarchy supports a smoother informational experience. This is simulated copy, not a report from a customer.
index_market_65299
Excellent Content Discoverability ΓÇö Demo 025
This fictional usability example highlights a particularly clear website navigation. The treatment of finding key information quickly makes this a strong example of readable financial UI. It does not describe verified service performance.