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Webull Malaysia futures: FKLI, FKLM, FCPO, margin calls and expiry controls

Webull Securities (Malaysia) Sdn Bhd offers Bursa futures and a separate global-futures service. Its current Malaysian product page lists FKLI, smaller FKLM and FCPO. The global service does not support physical delivery and starts restricting deliverable contracts before their notice or trading deadlines.

By FXBrokers.ai Editorial DeskOperating status: ActiveSources checked Published Updated
Profile scope

Malaysian exchange-traded derivatives service. Product access, margin and charges depend on the approved account and contract.

  • The current Bursa page includes FKLM, one-fifth the size of FKLI; the older FAQ names only FKLI and FCPO.
  • Local margin-call deadlines depend on whether notice arrives before or after 18:00 MYT.
  • Global deliverable contracts become close-only seven business days before the earlier FND/LTD.

Business and account scope

Sections ↑

Webull Securities (Malaysia) Sdn Bhd offers Bursa futures and a separate global-futures service. Its current Malaysian product page lists FKLI, smaller FKLM and FCPO. The global service does not support physical delivery and starts restricting deliverable contracts before their notice or trading deadlines.[1][4][6]

At a glance01

Malaysian operator

Malaysian operator
ItemDetails
EntityWebull Securities (Malaysia) Sdn Bhd.Source 3
Company number202101039706 (1440006T).Source 3
Company licence statementCMSL eCMSL/A0399/2024 and Bursa derivatives Trading Participant status.Source 3

Account and platform

At a glance02

Getting started

Getting started
ItemDetails
ApplicationApply for the futures account in the Malaysian service.Source 1
FundingTransfer collateral from the linked securities account.Source 1
ToolsMobile trading, chart indicators, screeners and market information.Source 1

View full spreads & trading costs

Domestic and overseas contracts

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At a glance03

Current product scope

Current product scope
ItemDetails
FKLIFull-sized FBM KLCI futures.Source 1
FKLMSmaller KLCI futures, one-fifth of FKLI’s size.Source 1
FCPOCrude palm oil futures.Source 1
Global serviceCME futures across equity indices, energy, metals and other categories under separate product permissions.Source 4

The older product FAQ still lists only FKLI and FCPO. The current product page includes FKLM, so that shorter FAQ list should not be presented as the complete available menu.[1][2]

Fees and collateral

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At a glance04

Cost distinctions

Cost distinctions
ItemDetails
PlatformThe futures marketing states zero platform fee.Source 1Source 4
ExecutionBrokerage and exchange charges remain separate; use the contract tariff shown for the account.Source 4
MarginCurrent initial/intraday/overnight requirements determine the collateral needed for the selected position.Source 1
Educational examplesThe FCPO course’s RM7,000 illustration is not a fixed current margin schedule.Source 5

Global physical-delivery restrictions

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At a glance05

Expiry timetable

Expiry timetable
ItemDetails
DeliveryPhysical delivery is not supported.Source 6
Close-only periodSeven business days before the earlier of First Notice Date or Last Trading Date.Source 6
Forced closeoutFive business days before the earlier date, on a best-effort basis at 11:00 MYT.Source 6

A contract can stop accepting new positions before its exchange expiry. Roll or close the affected month before the broker’s deadline; a scheduled liquidation does not ensure a particular fill price.[6]

Local futures margin calls

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At a glance06

Timing stated in the MY futures help page

Timing stated in the MY futures help page
ItemDetails
Call before 18:00 MYTRestore initial margin or reduce positions by 21:00 MYT on trade day.Source 7
Unmet earlier callLiquidation is described at the 21:00 night reopening; without a night session, the next relevant opening applies.Source 7
Call after 18:00 MYTRestore initial margin or reduce positions before 08:00 MYT next trading day.Source 7
Unmet later callLiquidation begins at the next opening, on a best-effort FIFO basis.Source 7
At a glance07

Local margin-call interest

Local margin-call interest
ItemDetails
Rate6.5% a year on the margin-call amount after market close, calculated daily under the help page.Source 7
CollectionAccrued interest is deducted on the first day of the following month.Source 7

These are the published local-futures rules. The page gives FKLI and FCPO opening examples; confirm FKLM timing and the separate intraday-margin controls in the account before carrying a shortfall into another session.[7][1]

The companies behind the brand

Legal entities & licences

These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.

Webull Securities (Malaysia) Sdn Bhd

MalaysiaSource 1

No separate licence entry is recorded in this panel.

Customer service

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At a glance08

Malaysia contact

Malaysia contact
ItemDetails
Email[email protected].Source 3
Telephone+603 9212 8192.Source 3

Complaints and independent redress

At a glance09

FMOS referral route

FMOS referral route
ItemDetails
MembershipThe account entity appears in the current FMOS directory.Source 8
ScopeEligible direct-loss claims up to RM250,000; investment-performance losses generally excluded.Source 9
ReferralFirm complaint first; FMOS referral within six months of final reply or after 60 days without response.Source 10
Follow the evidence

Sources & further reading

  1. Global futures physical-delivery restrictions Webull Malaysia · Accessed 29 Oct 2026
  2. MY futures margin-call timing and interest Webull Malaysia · Accessed 29 Oct 2026
  3. Current FMOS member directory Financial Markets Ombudsman Service · Accessed 29 Oct 2026
  4. Eligible disputes and exclusions Financial Markets Ombudsman Service · Accessed 29 Oct 2026
  5. How to file a dispute and referral deadlines Financial Markets Ombudsman Service · Accessed 29 Oct 2026

This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

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