Best Robo Advisor Malaysia Comparison

If you’ve ever felt overwhelmed trying to figure out where to park your money, you’re not alone. I’ve been there too—scrolling through apps, reading reviews, comparing returns… it’s a lot.

That’s where robo advisor Malaysia platforms come in to save the day. These automated investment tools take the stress out of managing your money. They assess your risk profile, diversify your investments, and do the rebalancing for you—no spreadsheets or guesswork required.

In this post, I’ll walk you through 4 popular robo advisors in Malaysia—MyASNB Ria, StashAway, Wahed, and Versa—based on my experience and research. Whether you’re a complete beginner or just looking to compare your options, this breakdown will help you figure out which platform suits you best.

What’s a Robo Advisor?

A robo-advisor is basically your digital investment manager. Instead of meeting with a human financial advisor, these platforms use algorithms to manage your portfolio. You answer a few questions about your goals and risk appetite, and boom—they take care of the rest.

In Malaysia, these platforms are regulated by the Securities Commission Malaysia, which adds an extra layer of peace of mind.

Quick Intro to the 4 Robo-Advisors

Here’s a brief look at the four robo-advisors we’ll be comparing:

• MyASNB Ria – An ASNB-built robo-advisor, perfect for those familiar with unit trust investing.
• StashAway – A super popular option with customizable portfolios and a slick app.
• Wahed – A robo-advisor focused on ethical and Shariah-compliant investing.
• Versa – Great for beginners and those looking for cash management + long-term growth.

Robo Advisor Malaysia Comparison Table

Note:

• Wahed Invest: Deposit RM300, use code PAAEMI1 for RM10 bonus in Shariah-compliant U.S. investing.
• Versa: Deposit RM100, enter M7A94FRY to get RM10 within 30 days.
• myASNB RIA: Sign up with XH5P8A, deposit RM100, and receive RM10 for ASNB fund investments.

Side-by-Side Comparison: What You Should Know

1. Investment Philosophy

• MyASNB Ria uses Modern Portfolio Theory and chooses from ASNB funds. It’s quite hands-off—you don’t get to pick specific assets.
• StashAway uses a system called ERAA™, which dynamically adjusts your portfolio based on economic conditions. I liked that it felt smarter than a “set-and-forget” approach.
• Wahed focuses strictly on ethical, Shariah-compliant assets. It avoids industries like alcohol and gambling, and automatically rebalances your portfolio.
• Versa splits into three products: Versa Save (cash), Versa Invest (growth), and Versa Retirement (PRS-based). It’s not just a robo-advisor—it’s a savings tool too.

2. Portfolio Options & Assets

• MyASNB Ria only invests in ASNB unit trusts—mostly Malaysian/global equities and sukuk.
• StashAway offers exposure to over 60 asset classes, including U.S. stocks (via IVV, an S&P 500 ETF), emerging markets, blockchain, and more.
• Wahed includes U.S. equities, Sukuk, and gold—still diversified, but within halal boundaries.
• Versa lets you invest in things like Versa Global-i (Shariah-compliant) or REITs for income-focused investors.

If you’re after S&P 500 exposure, StashAway is the clear winner here. I currently use it to allocate 99% into IVV (iShares Core S&P 500 ETF).

3. Shariah Compliance

• Wahed is your go-to for full Shariah compliance.
• MyASNB Ria also ticks the halal box, as all ASNB funds used are classified as harus.
• Versa offers specific Shariah-compliant portfolios.
• StashAway isn’t marketed as Shariah-compliant, but you can manually avoid certain ETFs.

So if Shariah compliance is non-negotiable, Wahed or MyASNB Ria are the safest bets.

4. Minimum Investment

• MyASNB Ria: RM100
• StashAway: RM100 (Flexible Portfolio has no minimum!)
• Wahed: RM100 (RM300 to get RM10 via referral)
• Versa: RM1 (for Versa Save), RM100 (for growth portfolios)

No excuses here—you can literally start with RM1 if you just want to test the waters.

5. Fees

Platform	Fees
MyASNB Ria	0.30% annually
StashAway	0.2–0.8% (tiered based on AUM) + ~0.2% ETF expense
Wahed	0.79% annually (or 0.39% if investing > RM500,000) + RM1 FPX fee
Versa	No direct fee; fund managers charge up to 1.80% for thematic funds

For fee-conscious folks, MyASNB Ria and StashAway (Flexible Portfolio) offer the most transparent and affordable setups.

I found Wahed’s fees slightly higher, but fair considering their screening process for halal investments.

6. User Experience

• StashAway wins in terms of app design and intuitiveness. I set mine up in under 5 minutes.
• Wahed is also sleek but I ran into a hiccup when switching portfolios—it made me create a whole new portfolio.
• MyASNB Ria is integrated into the myASNB app, which is fine but sometimes buggy during maintenance.
• Versa is very beginner-friendly. Everything is laid out clearly—even if you’re not a finance nerd.

7. Portfolio Customization

• StashAway offers the most control. You can mix and match ETFs in the Flexible Portfolio.
• Wahed, Versa, and MyASNB Ria are more “you pick your risk level, we do the rest.”

Personally, I love the control StashAway gives—especially if you want to experiment with themes like tech or healthcare.

8. Processing Time

• MyASNB Ria: Took me 4 business days.
• StashAway: 3–4 business days to withdraw.
• Wahed: 1–2 days to deposit, another 1–2 to invest.
• Versa: Nearly a week for Versa Growth.

So don’t expect your money to be invested instantly on any of these. But Wahed and StashAway were quicker than the rest.

9. Extra Perks

• MyASNB Ria: RM10 bonus with referral, backed by ASNB’s solid reputation.
• StashAway: Goal-based investing, dividend reinvestment, smart rebalancing.
• Wahed: Ethical exposure to global markets, clean fee breakdown.
• Versa: No lock-ins, PRS = tax relief up to RM3,000 annually!

Which One’s Right for You?

Let me be real—there’s no “one best” robo advisor Malaysia platform. It really comes down to what you value most.

• Want flexibility and global exposure? 👉 StashAway
• Want ethical/Shariah-compliant investing? 👉 Wahed or MyASNB Ria
• Want simplicity or tax relief via PRS? 👉 Versa

I personally use both StashAway and Wahed—StashAway for my long-term S&P 500 exposure, and Wahed for halal investing.

Whether you’re just starting with RM100 or looking to diversify beyond fixed deposits, I highly recommend giving one of these platforms a try. Robo advisor Malaysia platforms are making investing smarter, easier, and way more accessible.

Have you tried any of these platforms? Let me know in the comments or DM me on miliesjourney.com. I’d love to hear your experience!

Related Posts:

• StashAway vs. Wahed: My Journey to Smart Investing
• Investing in the S&P 500 with StashAway Malaysia
• Wahed Malaysia Review: Platform for S&P 500 Alternative Investments
• 3 Easy Ways to Invest in S&P500 as a Malaysian
• Why I Store My Cash in USD (and More!) with Wise Malaysia
• Versa Malaysia Review: Good for New Investors
• Automated Investing in Malaysia: My Experience with MyASNB Ria
• Rakuten Trade Malaysia Review: Why I Chose This Platform