MooMoo Malaysia is finally licensed by our own Securities Commission and is finally available for trading here in Malaysia. They’re one of the best brokers we have in Malaysia and most of my funds are with them.
Table of Contents
What’s New – 2025
- Cash Plus – I’ve added the details below, but basically our idle cash can now earn interest. 3-3.5% for the MYR fund and 4.5+% for the USD fund.
- New, new user promo – details added below in the article.
- Additional RM40 for new users when you use my code – DM77
The full steps on how to claim can be found below.
Sign up link: Moomoo Malaysia
See how MooMoo Malaysia compares to other brokers here: Stock Brokers Comparison
Key details to know before signing up
- Fees – one of the lowest available to us (licensed brokers), zero commission for 180 days
- Cash Plus – Your idle cash can now be put into MY or USD money market funds that earn at least 3-3.5%. US one earns you close to 5% as of Aug 2024.
- Regulation – Licensed and regulated by the Securities Commission of Malaysia
- Interface – Very user-friendly
- Account type – Nominee
MooMoo Malaysia FAQ
Some other frequently asked questions I got from readers.
- What is Moomoo?
MooMoo Malaysia is an online brokerage platform that offers commission-free trading and advanced tools for investors. - Is Moomoo available in Malaysia?
Yes, Malaysian investors can access Moomoo for a localized and user-friendly trading experience. - What fees does Moomoo charge?
Malaysia Stocks:
0 commission
2. Platform Fees: RM 3 / Order
Minimum: RM3
US Stocks:
0 commission
Platform Fees: $0.99 / Order
Minimum: $0.99 - How do I open a Moomoo account?
Download the app or visit the website, complete the registration process, and verify your identity. These can all be done 100% online! - Does Moomoo offer research tools?
Yes, it provides real-time market data, charts, and analytics. They have a vibrant social community as well. - Is customer support available for Malaysian users?
Yes, Moomoo offers dedicated support for users in Malaysia. - How secure is the platform?
They are licensed by our highest authority in Malaysia – The Securities Commission (SC)
Moomoo also uses industry-standard security measures ie. 2FA for logins etc.
Step-by-step Guide: How to Redeem from your MooMoo MY Cash Plus Account
It has been frustratingly hard for me every time I try to redeem/withdraw from the Cash Plus account and I assume it must be for you too. So here’s a short guide for you to refer to whenever you get stuck.
Below is the step-by-step guide.
Look for the Accounts button at the bottom of your screen.
Now look for Securities and Funds, and select Funds.
Scroll down a little and you’ll find your Cash Plus fund – mine is United Money Market Fund-Class R.
Click on it and you’ll be brought to the fund page. At the bottom, you’ll see your Redeem button.
Step-by-step Guide: How to Withdraw from your MooMoo MY Account
If you’re looking to withdraw to your bank account after redeeming, follow the below steps:
Go back to the same Accounts tab earlier at the bottom of your screen.
Look for the All button.
You’ll then find Withdraw under the Funds category.
Make sure that you’re withdrawing to your own bank account as the name of the account holder has to match.
MooMoo Malaysia Referral Code and Latest Promotion
Sign-up offer and promotion for new users right now (updated December 2024):
- Deposit ≧RM1,000 and hold for 60 days to get RM100 reward. You can get an extra RM40 when you use my code – DM77 via Exclusive Deposit as shown in the image above
- Deposit ≧RM10,000 and hold for 60 days to get RM550 in rewards (including 0.3 shares of Nvidia stock)
- Deposit ≧RM30,000 and make 3 buy transactions and hold for 60 days to get one Nvidia stock for free
More T&Cs on Moomoo’s website.
Another noteworthy update is that Moomoo now supports FPX deposits. I get mine immediately reflected.
You can sign up via my link here: https://j.moomoo.com/00KiPh
Exclusive deposit code: DM77
Thank you in advance!
Also, from today to Jun 30th, Moomoo will reward customers who sign up with the above link with an extra RM50 reward. All you have to do is deposit RM1,000 and you will get an extra RM50 in coupons. The stock coupons will automatically arrive in your account within 5 working days.
What I’ve Received as Rewards from Moomoo so far
March 2024 – 1 Apple share (new customer promo)
March 2024 – RM50 cash voucher and RM50 cash coupons (new customer promo)
April 2024 – RM50, RM100 and RM500 cash coupons (deposit & invest)
July 2024 – 1 Apple share (transfer-in promo)
A few other fee subsidies and all but I won’t be taking those into account. One Apple share is worth about RM1K today. So that’s a total of RM2,750 in rewards I’ve gotten out of Moomoo so far. I know not everyone would’ve been able to capitalise on all their promotions but I hope you’ve gotten some at least.
I will continue to share new promos that are worthwhile so you won’t miss any. Sign up for my newsletter for these updates (subscribe via the form on the home page, right sidebar or at the very bottom of this page)
You can sign up via my link here: https://j.moomoo.com/00KiPh
Exclusive deposit code: DM77
My Verdict: Yes I’ve Moved to MooMoo Malaysia
Update: I’ve moved my Hong Leong stocks to Moomoo.
Now, personally, I’m thrilled another licensed brokerage has joined us.
Security and safety-wise, nothing beats SC licensing and regulation for us Malaysians. Their holding company – Futu Limited is also a listed company on NASDAQ. I’d say this is as safe as it gets for investors.
I will be looking to probably move my funds from eToro to MooMoo MY within the next few months. Currently checking out their paper trading functions as well.
I know most of you savvy investors will be looking to cash in on the RM100 cash coupons and Apple share to get the most bang for your buck. Make sure you are aware of the terms, ie the RM8,000 deposit will need to remain in your account for at least 30 days to qualify.
As always, you can sign up via my referral link hERE and help support the blog. Thank you!
Exclusive deposit code: DM77
See how MooMoo Malaysia compares to other brokers here: Stock Brokers Comparison
Disclaimer:
All views expressed in the above post are the independent opinions of the author, which are not necessarily shared by Futu Malaysia Sdn. Bhd. (“Moomoo MY”). No content shall be considered financial advice or recommendation. Moomoo MY links are included in this post, through which referrals are made and I may receive certain commissions. Please contact Moomoo MY for more information.
