A simpler way to access Netflix in Malaysia is using the Google Chrome Extension called Hola Unblocker. You simply download/install the plugin, open your chrome browser, and you'll see the Hola button in the top right hand corner, and you can change your country location to America. You can then access Netflix in Malaysia via the Chrome browser.

I prefer Netflix over Hulu. I think it has better TV shows and better selectin of movies. However, Netflix only has the paid version, Hulu offer a free basic version.

You also should be able to create an account with a Malaysian credit card.

Here is an article explaining all of this: http://leapingpost.com/2013/09/08/how-to-w...-hulu-malaysia/