![MooMoo Malaysia Review](https://i0.wp.com/dividendmagic.com.my/wp-content/uploads/2024/03/image.png?resize=720%2C400&ssl=1)
Moomoo MY is finally licensed by our own SC, and is finally available for trading here in Malaysia.
Here are some key details I know you guys will want to know before signing up:
- Fees – one of the lowest available to us (licensed brokers), zero commission for 180 days
- Regulation – Licensed and regulated by the Securities Commission of Malaysia
- Interface – Very user-friendly
- Account type – Nominee
![](https://i0.wp.com/dividendmagic.com.my/wp-content/uploads/2024/03/image-2.png?resize=1024%2C453&ssl=1)
MooMoo MY Referral Code and Latest Promotion
Sign up offer and promotion right now (updated 22 May 2024):
- Sign up and deposit RM1,000, you get RM100 cash coupons
- Deposit RM10,000, and you will get the below-GUARANTEED shares (fractional):
0.04 share of Nvidia stock
0.1 share of Apple stock
0.1 share of Tesla stock
0.1 share of Palantir Technologies stock
0.1 share of Cisco stock
These are worth about RM420 as of the time of writing.
Another noteworthy update is that Moomoo now supports FPX deposits. I get mine immediately reflected after trying 2x deposits.
You can sign up via my link here: https://j.moomoo.com/00KiPh
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.
Moomoo Transfer-in Promo
Another promotion by Moomoo giving away an Apple share. Details are as follows:
![](https://i0.wp.com/dividendmagic.com.my/wp-content/uploads/2024/05/image-4.png?resize=816%2C378&ssl=1)
Steps to Transfer Stocks from One Broker to Another.
Personally, I’ve gone ahead and made a transfer request from my current broker to transfer Scientex and SunREIT (and a few other stocks) to Moomoo. I have more than RM80,000 in value there so I’ll be getting a free Apple share!
All you have to do is head over to your current broker, mine was Hong Leong Investment Bank and inform them you want to transfer your shares to another brokerage. Fill in the form given and pay RM10 for each stock. Took me about 15 minutes and the transfer was actually processed the very next day!
![](https://i0.wp.com/dividendmagic.com.my/wp-content/uploads/2024/05/IMG_0917.jpeg?resize=585%2C289&ssl=1)
If you’ve got shares in other brokers and you plan to move to Moomoo anyway, go ahead and do it to get your rewards. Don’t forget to read the T&Cs hERE.
Side note, I was also a little unhappy that the cost value of the transferred stock went to zero once it was in Moomoo. I had to email them to set the cost price. So make sure to note down your cost from your old broker before transferring. A little quality of life tip here.
You can sign up via my link here: https://j.moomoo.com/00KiPh
Will I Move?
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 (https://j.moomoo.com/00KiPh) and help support the blog. Thank you!
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.