I personally think either

Malacca securities / M+ ; OR
Rakuten

But do take note that Rakuten is more hassle if you plan to exercise your rights on the shares / voting rights since its not an actual CDS.

So far have been using M+, 0.05% / RM8. Quite stable as well no major issues faced throughout the years.

P/S: If you have significant funds with banks, I think you might want to reach out to your RM, as they might be able to offer you a similar rate with better features on their trading platform based on your status with the bank.

M+ is not owned or backed by any major financial institutions based on what I can see.

However, they are indeed licensed by SC and also NASDAQ, so I would say that they are legit.

That said, I don't think 'safety' is being gauged that way though.

Because remember even back in the day Ambank was involved in money laundering with 1MDB.

M+ is good bcos direct CDS. but i kena many spam calls from ppl claiming to be them. so i believe there's a data breach

Let me give you a pro tip when it comes to the spam calls

Download Whoscall and try the code "PDRMLawanScams" see if it still works

Free 1 year of whoscall premium subscription