Moomoo Malaysia Brokerage Fees and Pricing
1. Trusted & Regulated: Trade with absolute peace of mind. Moomoo Malaysia is fully licensed and regulated by the Securities Commission Malaysia, ensuring a secure and compliant trading environment.
2. Trade the World, from One App: Expand your portfolio beyond borders. We provide seamless, one-stop access to 5 major global markets—Malaysia, the US, Singapore, Hong Kong, and China—with more on the horizon.
3. Truly Accessible Investing: Start your journey without barriers. Enjoy 0% commission trading* on key global stocks with no minimum deposit required, making the markets accessible to everyone.
4. Unlock IPO Opportunities: Get ahead with exclusive access. We not only support Bursa Malaysia IPO subscriptions but are also the country's first brokerage to offer specialized IPO financing.
5. Smarter Decisions with Free Data: Access professional-grade tools at no cost. Make informed moves with free, real-time market data, including Level 60 quotes for US stocks and Level 3 depth for Malaysian equities.
6. Global Tech, Local Presence: Experience the best of both worlds. While we are a powerful digital platform, we're also your local partner with a dedicated experience store right here in Kuala Lumpur.
7. Malaysia's #1 Trading App: Join a community of confident investors. Moomoo is the most downloaded trading app in Malaysia, a testament to our superior user experience and value.
8. Powered by Moomoo AI: Harness the future of investing. As Malaysia's first AI-powered trading platform, Moomoo provides you with intelligent insights and analytical tools to refine your strategy.
Key Takeaways
Moomoo Malaysia, launched in February 2024, is an innovative digital-first brokerage offering advanced trading tools, educational resources, a paper trading feature, and a user-friendly interface for Malaysian investors.
It appeals to both beginners and seasoned investors through low trading fees, access to global markets (Malaysia, US, Singapore), and premium features like analyst ratings, market data, and financial news—all at no extra cost.
Moomoo Malaysia offers highly competitive pricing: a 180-day commission-free promotion for new users, low platform fees (e.g., RM3/order for Bursa trades), and transparent calculation based on trading day, enhancing fee efficiency.
The platform maintains a 6.8% p.a. interest rate on MYR margin trading and offers cost-free account services, fund deposits, stock transfers, and IPO applications, with no charges for most corporate actions and ongoing promotions on stamp duty.
Fully regulated by the Securities Commission Malaysia, Moomoo Malaysia ensures investor protection while providing seamless options to transfer shares and funds from other brokerages into its platform without incurring transfer-in fees.
In the dynamic environment of global finance, choosing the right brokerage platform can have a significant impact on your investment journey. For Malaysian investors, Moomoo Malayisa is a safe platform. It is a strong choice for Malaysian investors, offering a seamless trading experience as well as competitive fees and a range of features designed to appeal to both novice and experienced investors. Since its launch, Moomoo Malayisa has quickly gained traction, working to improve financial literacy and equip local investors with comprehensive knowledge and tools to achieve their investment goals.
This article delves into this excellent stock broker, focusing on Moomoo Malaysia's fee structure, unique features and what sets it apart from other brokerage platforms. We will also look at why trading with moomoo is beneficial, how to transfer shares and funds into your moomoo universal account and confirm its legal status in Malaysia. In the end, you will have a comprehensive understanding of why Moomoo Malaysia is the leading choice for Malaysian investors.
What is Moomoo Malaysia?
Moomoo Malaysia, the overseas independent brand of Fortune Holdings Limited, was officially launched in February 2024 in Malaysia. Since its launch, Moomoo Malaysia has quickly gained traction in its commitment to improving financial literacy and equipping local investors with comprehensive knowledge and tools to realize their investment goals.
In just five months since its launch, Moomoo Malaysia has already transformed the way local investors interact with the financial markets, signaling a shift towards innovative digital-first investment solutions. As of 19 August 2024, moomoo has amassed more than 300,000 users and is ranked number one among investment apps in Malaysia in terms of downloads and daily active users. Moomoo is fully regulated and legal, offering secure investment with not scams concerns.
Moomoo offers a range of benefits and features that cater to the needs of investors in the Malaysian market. These features include:
Advanced Trading Tools: Moomoo Malaysia provides a suite of advanced trading tools such as a heat map, market monitor, industrial chain, institutional tracker, investment themes, trend projection, and in-depth insights into companies. These tools are designed to help investors make informed decisions and stay ahead of market trends.
User-Friendly Interface: The platform boasts a user-friendly interface that allows for easy navigation and trading. Whether you are a beginner or an experienced trader, Moomoo Malaysia’s intuitive design ensures a seamless trading experience.
Educational Resources: The “Learn” section offers a wealth of educational resources and articles on investing. From beginner guides to courses on technical analysis and the overall economy, Moomoo Malaysia equips you with the knowledge you need to succeed in the financial markets.
Paper Trade Feature: The “Paper Trade” feature allows users to engage in simulated market trading without risking actual money. This is an excellent way for new investors to practice and hone their trading skills before committing real funds.
Moomoo Malaysia's Features
Moomoo Malaysia offers a robust set of features designed for investors in Malaysia. These comprehensive tools and resources help enhance investors' trading experience.
Shariah-Compliant Stocks
Instantly filter and search Shariah-compliant stocks with Moomoo Malaysia, providing you with detailed information on financial performance, market trends, and analyst ratings to ensure your investments align with Islamic principles.
Fully-Visualized Financials
Key financial metrics are summarized on one page, featuring interactive charts and comparative analysis tools that make it easy to analyze and compare the financial performance of multiple companies in real-time.
Customized Stock Screener
Customize your targeted stocks using over 100 technical and fundamental indicators, save your custom screens for future use, and access real-time market data to ensure your screening results are always up-to-date, which is important for stocks buying decision.
Tracking Institutions' Positions
Follow the latest positions and changes of over 20,000 institutional investors, view historical data, and set up alerts to notify you of significant changes, giving you valuable insights into market sentiment.
Patented Charting Tools
Utilize over 100 intuitive indicators, functions, and drawing tools to analyze price trends and patterns, customize your charts with various time frames and styles, and perform advanced technical analysis with features like Fibonacci retracements and Bollinger Bands.
Wall Street Analyst Ratings
Access detailed ratings from over 4,000 Wall Street analysts, including buy, hold, and sell recommendations, view the historical ratings and changes, and see the success rate and ranking of analysts to make well-informed investment decisions, all for free.
How Much is Moomoo Malaysia Commission and Platform Fees
Understanding the Moomoo Malaysia’s fee structure is crucial for any investor. According to the trading day, fees are calculated based on the timing of trades.
Commissions and platform fees be settled according to the trading day, ensuring that trades executed on the same day incur a single fee.
Different trading days shall incur separate charges, emphasizing the importance of the trading day in fee assessment.
Trades made on different trading days will incur separate charges, while those on the same day are amalgamated for fee purposes.
Trades conducted on the same trading day are charged as one order, providing cost efficiency.
Trades on the same trading day shall be amalgamated for fee calculations, reducing overall costs.
Fees for Good-Til-Canceled orders are settled according to the trading day, ensuring accurate fee processing.
Good-Til-Canceled orders shall be settled according to the trading day, combining multiple trades for fee purposes.
Trades executed on the same trading day can be combined for fee assessments, highlighting cost efficiency.
The importance of the trading day in fee assessment is crucial, as trades executed on the same day are amalgamated.
Orders made on the same trading days shall be aggregated for fee purposes, while those on different days incur separate charges.
Stocks, ETFs, REITs
Malaysia Stocks, ETFs, REITs and Warrants
Type | Fees |
Commission | New users enjoy 180 days commission free, after the promotional period at 0.03%* Transaction amount. |
Platform Fees | RM 3 / Order |
SG Stocks, ETFs, Structured Warrants, DLCs and REITs
Type | Fees |
Commission | 0.03% * Transaction amount, minimum SGD 3 / Order |
Platform Fees | 0.05% * Transaction amount, minimum SGD 5 / Order |
US Stocks, ETFs, Fractional Shares and REITs
Type | Fees |
Commission | New users enjoy 180 days commission free, after the promotional period at 0.03%* Transaction amount. |
Platform Fees | USD 0.99/Order |
Charges for Fractional Shares Trading | Trade size < 1 share: No commission, platform fees of 0.99%* of transaction value, capped at USD 0.99 per order. Fees are computed based on the entire transaction amount or any fractional part of the transaction value. Trade size ≥1 share(s): Commission and Platform Fees are charged based on the standard fees charged to trade US stocks. Fees apply to the whole or fractional part of the transaction amount, emphasizing a tiered fee structure. |
Type | Fees |
Commission | New users enjoy 180 days commission free, after the promotional period at 0.03%* Transaction amount. |
Platform Fees | USD 0.99/Order |
Charges for Fractional Shares Trading | Trade size < 1 share: No commission, platform fees of 0.99%* of transaction value, capped at USD 0.99 per order. Fees are computed based on the entire transaction amount or any fractional part of the transaction value. Trade size ≥1 share(s): Commission and Platform Fees are charged based on the standard fees charged to trade US stocks. Fees apply to the whole or fractional part of the transaction amount, emphasizing a tiered fee structure. |
CN Stocks & ETFs
Type | Fees |
Commission | New users enjoy 180 days commission free, after the promotional period at 0.03% * Transaction amount |
Platform Fees | CNH 15 / Order |
HK Stocks, ETFs & Warrants
Type | Fees |
Commission | New users enjoy 180 days commission free, after the promotional period at 0.03% * Transaction amount |
Platform Fees | HKD 15 / Order |
MY, US, and SG Futures
Type | Fees |
Real-time Quotes | Free LV1 CME & BMD Real-time Quotes |
Commission & Platform Fees |
Margin Rate
MYR Margin Interest formula: financing amount*6.8%/365*actual financing days. Please be aware that if the account is in arrears after interest has been deducted in the current month, the outstanding amount will be added to the financed amount in the following month. Moreover, please note that the calculation of a year based on 360 days in the formula has been amended with effect from 1 August 2024 to 365 days.
Notes:
Moomoo MY reserves the right to change the Margin Interest Rate from time to time in response to changes in prevailing interest rates and other factors.
IPOs Application for Malaysia shares
Type | Fees |
Application Fee | 0 |
Financing Interest | 0 |
Other Service Fees
Type | Fees |
Account Opening | 0 |
Fund Deposit in MYR | 0 |
Transfer Stock in | 0 |
Fund Withdrawal in MYR | 0 |
Inactive Account | 0 |
Platform Fees
Moomoo Malaysia charges a platform fee of RM3 per order for Bursa stocks. This fee is applicable to all trades, including buying and selling of stocks, ETFs, REITs, and warrants. The platform fee is designed to ensure Moomoo Malaysia’s sustainable investment in research and development, providing users with a robust and innovative trading platform.
Stamp Duty
Moomoo Malaysia is exempt from stamp duty on Bursa Malaysia listed ETFs until 31st December 2025. However, stamp duty may still be applicable on other types of trades. For more details about Stamp Duty, please click here.
Corporate Action Fees
Moomoo Malaysia currently does not charge any processing fees for corporate actions of Malaysia stocks. However, you may be subject to taxes on corporate actions by the Government of Malaysia. Moomoo Malaysia reserves the right to charge you other fees for corporate actions of Malaysia stocks in the future.
What Makes Moomoo Malaysia Different from other Brokerage
Moomoo Malayisa is committed to providing investors in Malaysia with a comprehensive, superior trading experience and differentiates itself from other brokers by offering the following unique features and services:
Diverse Investment Options
Not only stocks, moomoo Malaysia offers trading of ETFs, REITs, and a range of other financial products. In addition to the local Malaysian stock market(including shariah-compliant stocks and ETFs ), users can also participate in the US and Singapore stock markets. This provides users with the flexibility to pursue their investment preferences across a diverse range of markets.
User-friendly Design
Moomoo trading app offers a clean and intuitive layout, powerful charting and analysis tools, multi-screen displays, real-time news and market updates, community interaction features, smart alerts and notifications, multi-language support, mobile-first design and a seamless cross-platform experience. These features are designed to provide users with an optimal experience, offering a user-centric approach to trading.
Advanced Market Data
Moomoo Malaysia provides 60 levels of US stock quotes and 3 levels of Malaysian stock quotes, giving you insight into market dynamics and liquidity. This advanced market data will help you make smarter trading decisions and give you a competitive edge in the market.
Professional Analyst Ratings
Access detailed ratings, historical data, success rates and rankings from over 4,000 Wall Street analysts. These comprehensive insights help you understand market sentiment and expert opinion, enabling you to make smart investment decisions at no additional cost.
Premium Financial News
With 24/7 access to the latest financial news from trusted sources such as Bloomberg, Dow Jones, Benzinga and The Edge, Moomoo Malaysia ensures that you have access to the latest market dynamics and news to help you stay ahead of the curve and react to market changes in a timely manner.
In short, moomoo Malaysia stands out from other brokers by providing advanced market data, professional analyst ratings and quality financial news, all at no extra cost. These features, combined with Moomoo Malaysia's competitive fees and easy-to-use platform, make it the first choice for investors.
Why Trade with Moomoo
From mobile access to low fees and advanced features, moomoo offers everything you need to stay ahead of the curve in the dynamic world of global finance.
Invest on the Go
Trade and manage your investments seamlessly across mobile and desktop platforms. Whether you're at home or on the move, moomoo's intuitive app and website ensure you stay connected to the markets and make timely decisions.
One Stop Trading Platform
Trade both Malaysian and US stocks with moomoo's one-stop application. Enjoy fast account opening, easy deposits via FPX and universal accounts that allow you to trade globally and simplify your investment management.
Low Rates and Fees
Enjoy 0% commission for 6 months when trading Malaysian and US stocks, ETFs and more. Competitive Moomoo Malaysia fees and margin rates as low as 6.8% to help you minimise costs and maximise returns.
Free Real-Time Level 2 Quotes on the Same Trading Day
Unlock free detailed US Level 60 market quotes that give you valuable insight into market dynamics and potential trading opportunities, a premium feature that helps you make more informed and strategic investment decisions.
24/5 Support
Contact Moomoo's customer service team by phone, email or chatbot for prompt assistance. Support is available 24/7 on trading days and from 9:30am to 9:30pm MYT on non-trading days to ensure you get the help you need, when you need it.
All in all, trading with Moomoo Malaysia gives you access to a powerful, user-friendly platform with low Moomoo Malaysia fees, advanced trading tools and comprehensive support. Whether you're a beginner or a seasoned investor, moomoo provides the resources you need to achieve your financial goals.
Transfer Stocks and Funds into Your Moomoo Account
Transferring shares and funds to your Moomoo Malaysia account simplifies your investment management and helps you take full advantage of Moomoo Malaysia's highly competitive fees and advanced trading features. The process is simple and can greatly enhance your trading experience.
Why Transfer in Moomoo Malaysia
Centralised portfolio management: Moving your shares and funds to moomoo allows you to manage all your investments on one easy-to-use platform.
Cost Savings: Moomoo's competitive fees can help you reduce trading costs and increase overall returns.
Access to advanced tools: Take advantage of moomoo's advanced trading tools and analytics to gain insight into your investments and help you make informed decisions.
What Can I Transfer to Moomoo Malaysia
Shares: You can transfer shares from other brokers to your Moomoo Malaysia universal account.
Funds: Cash and other liquid assets can also be transferred to your Moomoo Malaysia universal account.
How to Transfer Stocks into Moomoo MY
Here is a step by step guide for transfer from other brokers:
1. Please begin the transfer process in the moomoo trading App
Navigate to the following locations: accounts > transfers > transfer stock in > US market
2. Enter the relevant details for the broker and your account
Please select the broker from which you wish to transfer your US stocks
Should the broker you wish to transfer from not be included in the list, please select 'Other Broker' and enter the relevant name
Please enter your account number in the broker's system
3. Enter the relevant transfer details, confirm your selection and submit
enter the requisite details into the app
4. verify the following details: Broker, Share Quantity, and Symbol
5. To proceed, tap on the 'Confirm' button
6. Contact the other broker to arrange a transfer out.
Submit a transfer-out request to the relevant broker.
Provide the other broker with the transfer details for Moomoo Malaysia
For more transfer details click here.
The transfer will commence once the requisite details have been received from Moomoo Malaysia and the other broker.
Notes:
● Name: Transfers of stocks between brokerage accounts are only permitted under the account holder's name.
● Transfer Fees: Moomoo Malaysia does not levy any charges for incoming transfers. Please note that the other broker may levy a fee for this service.
● Processing Time: Please allow between three and 15 business days for processing. Once the transfer is received by Moomoo Malaysia, it may take one to two business days to appear in the Moomoo Malaysia universal account.
How to Transfer Funds into Moomoo Malaysia
There are 3 ways to transfer funds into Moomoo Malaysia：
To transfer funds via FPX
Follow these steps: accounts > transfers > deposit > FPX Express deposit
Choose the bank to which you send your funds.
Input the required deposit amount and verify the information.
You will then be redirected to the sending bank, where you will be required to log in and confirm the payment.
Once the deposit has been received, you will be informed via email and app notifications.
To transfer funds via a joint bank account
Step 1: Transfer funds from the joint bank account to an account in your own name.
● verify the beneficiary account information for Moomoo Malaysia by navigating to accounts > transfers > deposit.
● Transfer your funds to the recipient bank account assigned to Moomoo Malaysia
Step 2: Provide the necessary proof of assignment.
● Navigate to accounts > transfers > deposit > bank transfer, and send us a message via the the ‘Send us a message’ link, which is displayed at the end of the page.
● Select the option entitled "My joint bank account."
● Enter the requisite transfer amount, along with the currency and transfer date.
● Submit the Proof of Bank Transfer and Proof of Bank Account.
To transfer Funds via Bank Remittance
Step 1: Verify the beneficiary account information for Moomoo Malaysia.
● Navigate to accounts > transfers > deposit
Step 2: Transfer the funds to the beneficiary bank account of moomoo Malaysia.
Is moomoo legal in Malaysia?
Moomoo Malaysia is fully legal and regulated in Malaysia. Moomoo Malaysia operates under the supervision of the Securities Commission of Malaysia (SC) and is committed to complying with all local regulations and standards. This ensures that your investment is protected.
Conclusion
In mid-September, Moomoo Malaysia announced the strategic expansion of its investment products, providing Malaysian investors with new opportunities to diversify their portfolios and gain access to some of the world's largest and most dynamic financial markets. The platform will also soon offer trading on the Hong Kong Stock Exchange (HKEX), further expanding its range of investment products. Moomoo Malaysia offers Malaysian investors an attractive proposition that combines low Moomoo Malaysia fees, a user-friendly platform and a wide range of investment options. Whether you are a beginner looking to start your investment journey or an experienced trader looking for advanced tools and access to global markets, moomoo offers great value. By transferring your shares and funds to moomoo, you can simplify your investment management. All in all, with its strong regulatory compliance and commitment to customer service, moomoo is a solid choice for Malaysian investors.