Moomoo Malaysia Review 2026: Is It Still Worth Using for Malaysians?

Estimated reading time: 14 minutes

Moomoo is probably one of the most talked about investing platforms in Malaysia right now.

If you’ve been investing or even just thinking about investing, chances are you’ve already seen their ads, their free Apple share promotions, or maybe even heard your friends talking about it.

But is Moomoo actually good or is it just popular because of the rewards?

Almost every broker is competing on fees now. Some offer zero commission. Some offer sign-up rewards. Some offer US stocks, Malaysia stocks, and even cash management products. So the real question is not just whether Moomoo is cheap anymore.

In this article, let’s break down what Moomoo offers today, what I like, who should use it, and whether I think it is still worth considering for Malaysian investors.

What is Moomoo?

To give you a quick context, Moomoo is a stock brokerage platform under Futu Holdings, a company listed on the US NASDAQ exchange.

Globally, Moomoo has grown into a platform serving 29 million users across major markets including the US, Singapore, Australia, Japan, Canada and Malaysia with USD $1.9 trillion annual trading volume.

Here in Malaysia, Moomoo operates under the regulation of the Securities Commission Malaysia and has already crossed over 1 million users locally, which is honestly quite impressive considering they only officially entered Malaysia not too long ago.

Another important point is investor protection.

If you invest through Moomoo Malaysia, your assets are also protected by the Capital Market Compensation Fund (CMC Fund) for up to RM100,000. This gives investors an additional layer of protection in the event of certain broker-related issues.

But of course, this does not mean your investments cannot go down.

If you buy a stock and the stock price drops, that is still your investment risk. The protection is more about broker-related defaults, not market losses.

New User Sign Up Rewards

If you haven’t signed up yet, Moomoo does offer attractive sign-up rewards for new users.

Based on the current campaign details provided, new users may receive free Apple shares with deposits starting from RM3000, and total rewards can go up to RM1800.

And if you’re planning to check it out, you can use my exclusive code: ‘ZIET11’. This may unlock extra rewards when you deposit, depending on the ongoing campaign.

Moomoo’s Local Presence

Since 2025, Moomoo Malaysia is no longer just an online platform. They have also started building a real physical presence in Malaysia.

They now have Moomoo stores at locations like KL Eco City, One Utama and Pavilion Bukit Jalil. Not everyone is comfortable putting money into an app just because the interface looks nice. Some people still want to see a real office, talk to real people, and get basic questions answered face-to-face.

So instead of being purely digital, Moomoo is moving towards a hybrid model.

You can invest through the app, learn online, and still walk into a physical store to ask questions when you need support. For beginners, I think this is a plus point.

Research Tools & Market Data

Access to global markets has become increasingly accessible for retail investors over the past few years. However, access alone does not necessarily translate into better investment outcomes.

A significant portion of underperformance is not due to lack of opportunity, but rather due to poor decision-making – often driven by limited information, overreliance on headlines or even reactive trading behaviour. In this context, the role of research tools becomes critical.

Moomoo positions itself not just as a trading platform, but as an integrated research environment. The platform incorporates a range of data-driven tools designed to help investors analyse securities, monitor market developments, and contextualise price movements across different asset classes and regions.

• Order Book Level 2 Market Data: Market depth where buyers and sellers are placing their orders across different price levels in real time. The more you train yourself to look at the price behind the stock, the less likely you are to buy purely because of hype.

Economic Calendar: Upcoming events like inflation data, interest rate decisions and other key data releases that may move the market. For Malaysian investors, this matters because even if we are sitting in Malaysia, our US investments are still affected by US economic data.

• Institutional Tracker: Monitor what large institutions are holding or positioning themselves in. This may include global institutions like Vanguard, and local institutions like EPF or KWAP. For retail investors, this can be useful because institutions usually have research teams, analysts and long-term portfolio strategies.

• Insights Page: Monitor how experienced investors invest individually. You can directly mirror or follow their trades directly from there. It can help you discover ideas and understand where big money may be positioned. But your final decision still needs to be based on your own research, risk tolerance and investment goals.

• Moomoo Community: This is a place where users share trade ideas, insights and market sentiments. If you want, you can also follow my profile. I do share updates on global news and, more importantly, how these events may affect different sectors and stocks.

The Rise of Moomoo AI

Now, everything we talked about earlier – data, charts, news, institutional tracking, those are all tools. But let’s be honest. Most platforms give you access to the market, but not every platform helps you understand the market.

This is where Moomoo AI becomes interesting. For me, Moomoo AI is useful when something suddenly happens in the market and I just want a quick first understanding.

Instead of spending time digging through multiple articles, announcements, financial statements, and community posts, you can ask Moomoo AI for a quick breakdown.

• What happened?
• Why is the market reacting this way?
• What are the key things investors are watching?

Another practical point is that Moomoo AI supports multiple languages including English, Bahasa Malaysia and Chinese. For Malaysian investors, that actually matters because not everyone is equally comfortable reading financial content in English.

Multiple Markets

Once you start to understand the market better, the next step is putting that knowledge into action. And this is where Moomoo’s market access becomes useful.

Through Moomoo Malaysia, investors can access multiple markets including:

• Malaysia
• United States
• Singapore
• Hong Kong
• China

And depending on your risk level, Moomoo offers products ranging from safer cash management products like money market funds, all the way to higher-risk instruments like stocks, IPOs, options and futures.

So whether you prefer to play it safe or you’re more comfortable taking higher risk, you can structure your portfolio based on what makes sense for you.

Product Expansion

Since my last review, Moomoo has expanded beyond just simple stock trading.

Moomoo now offers options trading. And for those who are new, options are more advanced instruments.

Instead of only making money when a stock goes up, options allow you to structure trades based on different scenarios. You can use call options, put options, and different strategies depending on whether you are bullish, bearish, or expecting volatility.

But options are not beginner-friendly. They involve leverage, time decay, margin, and can result in significant losses if you don’t understand what you’re doing.

However, the good thing is Moomoo does provide built-in strategy and analysis tools, which can help users understand different option setups. This is how you can explore it yourself: 

But options should only be used by investors who have already spent time learning how they work. If you are still struggling to understand normal stocks and ETFs, don’t rush into options just because the app offers it.

Moomoo also offers futures trading. Futures are different from normal investing because you are trading based on the price movement of an underlying asset. It is not for everyone. But for investors or traders who understand how it works, it gives another way to participate in market movements.

IPO Applications & Financing

Moomoo also lets users apply for IPOs directly through the app, which makes the process much easier compared to more traditional methods.

But just to set expectations, most popular IPOs are heavily oversubscribed. So even if you apply, there is always a chance that you may only get a small allocation or none at all.

One thing Moomoo has introduced is IPO financing of up to 4x. This means if you have RM1,000 capital, you may be able to apply for up to RM4,000 worth of IPO shares.

And this may improve your chances of getting some allocation, but it does not guarantee anything.

Nominee CDS Account

Now, one thing worth understanding is how shares are held. Like many digital brokers, Moomoo uses a nominee CDS account structure.

For most retail investors, a nominee CDS account is honestly more than enough. But if you are someone who cares deeply about AGM attendance, direct voting rights, or holding shares directly under your own name, then this is something you should consider.

Cash Plus & SmartSave

You may have idle cash sitting in your brokerage account while waiting for opportunities and this is where Moomoo Cash Plus comes in. Cash Plus offers around 3.5% per year, with boosted rates of up to 6% for new users depending on promotion.

So instead of jumping straight into stocks, you can park your money there to invest in short term and high quality assets from Maybank, UOB and even Eastspring to earn some returns and get comfortable with how everything works.

It’s generally very low risk, so it’s a comfortable starting point. Another thing is it also gives you instant buying power. So your funds can start working immediately, while still being available when you are ready to invest.

And once you are ready, you don’t need to have a large amount to get started. You can also just buy a small portion of a stock with fractional shares. Here’s how you can explore it yourself: 

But if you have trouble staying consistent with your investment, there’s also a Regular Savings Plan. You can start at the minimum of USD 5, set how often you would like to invest, and adjust it anytime depending on your situation. Here’s how: 

Who Should Use Moomoo?

In my opinion, Moomoo is suitable for:

• Beginner investors who want an easy way to start
• Malaysian investors who want access to US stocks and ETFs
• Investors who want Bursa Malaysia and global markets in one app
• Users who like having research tools and market data
• People who want a more modern brokerage experience
• Investors who want to park idle cash through Cash Plus
• Users who appreciate physical support through Moomoo stores

Common Mistakes to Avoid When Using Moomoo

1. Treating the App Like a Casino

Because Moomoo has real-time data, charts and community discussions, it can feel exciting. But investing should not feel like gambling. If you constantly buy and sell based on short-term price movements, you may end up paying more fees, making emotional decisions, and underperforming a simple long-term strategy.

2. Ignoring Exchange Rates

For Malaysian investors, MYR to USD conversion can affect your returns. Even if your stock performs well, currency movements can impact your final MYR return. This is not necessarily bad, but you need to understand it.

3. Buying Stocks Just Because They Are Trending

Moomoo gives access to popular stocks, trending lists, and market discussions. But popularity does not equal quality. Before buying any stock, ask:

• Does the company make money?
• Is revenue growing?
• Is the valuation reasonable?
• What are the risks?
• Would I still buy it if nobody was talking about it?
  

4. Not Understanding Tax Implications

For Malaysians investing in US stocks, tax matters can include dividend withholding tax and potential estate tax considerations. This does not mean you should avoid US investments entirely, but you should understand the basic implications before investing a large amount. You can check out my video here for full understanding.

Final Thought

Moomoo is still worth considering, especially if you are a Malaysian investor who wants a modern, regulated, multi-market brokerage platform with strong research tools.

So if you’re planning to start investing or looking for a brokerage that gives you access to Malaysia and global markets, Moomoo is definitely one of the platforms you can consider.

If you’re interested, check it out before the campaign ends with my exclusive code ‘ziet11’! If you prefer a video version of this article, I have made a video covering the exact same thing – do check it out here! Thanks for reading!

*T&Cs apply. All views expressed in this blog are the independent opinions of Ziet, which are not shared by Moomoo Securities 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.

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