How does Moomoo compare to FSMOne and Rakuten?

For US stocks, Moomoo wins — USD 0 commission vs FSMOne 0.08% (min USD 8.80). For Bursa Malaysia, FSMOne is slightly cheaper at 0.05% vs Moomoo 0.03% (after promo), but both are competitive. Rakuten Trade charges 0.1% (min RM7). Moomoo is best for traders who want both US and Bursa access in one app.

Can I apply for Bursa IPOs through Moomoo?

Yes — Moomoo Malaysia offers IPO subscription with RM0 application fee. Open a CDS Account-IPO in the app, fund it, and apply for available IPOs under the Markets tab. Moomoo also offers IPO financing at 6.8% p.a. (0% if not allotted).

What stocks can I trade on Moomoo Malaysia?

Moomoo Malaysia supports: Bursa Malaysia (1,000+ stocks including KLCI blue chips), US markets (NYSE, NASDAQ — Tesla, Apple, Nvidia, S&P 500 ETFs), and Hong Kong (HKEX). All three markets in one app with a single login.

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Home›Investment›Moomoo Malaysia Review

⭐ Honest Review — Updated 2026

Moomoo Malaysia Review 2026

SC-licensed · US + Bursa + HK stocks · RM100 cash + RM1,700 AAPL for new users

Our Verdict

4.5 / 5 — Best for US + Bursa Investors

Moomoo is the top pick for Malaysian investors who want US stocks at near-zero cost while keeping Bursa access in the same app. SC-licensed, real platform (not a CFD broker), and the best new-user rewards in the market.

4.5★

Open Moomoo Account — Get RM100 Cash + RM1,700 AAPL →

Regulated by

SC Malaysia

US Commission

~USD 0

Bursa Fee

0.03%

New User Bonus

Up to RM1,800

Moomoo Malaysia Fee Structure 2026

Market	Brokerage	Clearing	Stamp Duty	Note
Bursa Malaysia	0.03% (min RM3)	0.03%	0.1% (max RM200)	0% for first 180 days
US Stocks (NYSE/NASDAQ)	USD 0.0049/share	0.003%	—	Min USD 0.99/order
Hong Kong (HKEX)	0.03% (min HKD 3)	0.005%	0.1%

Moomoo vs Other Brokers Malaysia

Broker	Bursa Fee	US Stocks	IPO	New User Bonus
MoomooBest Pick	0.03%	~USD 0	✅ RM0 fee	RM1,800
FSMOne	0.05%	0.08% (min USD 8.80)	✅	RM25
Rakuten Trade	0.1% (min RM7)	❌ US unavail.	✅	RM5
Maybank IB	0.1–0.3%	❌	✅	None
Webull	❌ (no Bursa)	USD 0	❌	Varies

Moomoo Malaysia — Pros & Cons

✅ Pros

▸SC Malaysia licensed — regulated & safe
▸US stocks at near-zero commission
▸Bursa + US + HK in one app
▸Free IPO subscription (RM0 fee)
▸Advanced charting & level-2 data free
▸Cash Plus 6% p.a. on idle cash
▸Up to RM1,800 new user rewards

⚠️ Cons

▸No unit trust or bond investing (use FSMOne)
▸US min fee USD 0.99 — small orders expensive
▸Customer support via in-app chat only
▸Deposit ≥RM30,000 needed for RM1,700 stock bonus
▸IPO financing at 6.8% p.a. — adds cost

Moomoo Malaysia New User Rewards 2026

Deposit ≥RM1,000

RM100 cash coupon

Most achievable

Deposit ≥RM30,000

RM1,700 free AAPL stock

Best value

All new users

Cash Plus 6% p.a. for 30 days on idle cash

Automatic

*T&Cs apply. Rewards subject to qualifying conditions. Check Moomoo app for latest terms.

📈 moomooSC Malaysia Licensed · No.1 Trading App

RM500/Month for 30 Years = RM1.13M — via S&P 500 at 10% p.a.

Plus up to RM1,800 in new user rewards. SC Malaysia licensed. Invest in US, HK & Bursa stocks from one app.

Monthly DCA growth at 10% p.a. (S&P 500 hist avg)

Monthly	10 yrs	20 yrs	30 yrs
RM300/mo	RM61k	RM228k	RM678k
RM500/mo	RM102k	RM380k	RM1.13M
RM531/mo	RM109k	RM404k	RM1.2M

✅SC Malaysia licensed — regulated & safe
🎁Up to RM1,800 in new user rewards on sign-up
🌍US, HK & Bursa Malaysia stocks in one app

Open moomoo Account & Claim Rewards →

*Complete deposit & first trade via this link to track rewards · T&Cs apply · RM100 coupon ≥RM1,000 deposit · AAPL stock ≥RM30,000 deposit.

Who Should Use Moomoo Malaysia?

✅Investors who want US stocks (Tesla, Apple, Nvidia, ETFs) at low cost

✅Traders who want both Bursa + US access in one account

✅IPO applicants — RM0 fee beats internet banking's RM1 per application

✅Beginners — clean UI, educational content, paper trading mode

❌Unit trust / fixed income investors — use FSMOne instead

❌Purely Bursa-only traders — Rakuten Trade or FSMOne may be cheaper

📈 FSMOne — Free RM25Expires 31 July 2026

RM670/Month for 30 Years = RM1M — At 0% Sales Charge

Plus RM25 free and 50% OFF fees for 30 days when you sign up with code 4G4TEP.

Monthly DCA → RM1M at 8% p.a.

Monthly	10 yrs	20 yrs	30 yrs
RM300/mo	RM55k	RM177k	RM449k
RM500/mo	RM91k	RM297k	RM749k
RM670/mo	RM122k	RM397k	RM1.0M

✅900+ unit trust funds including ASNB
🌍Invest in Bursa, US (NYSE/NASDAQ) & HK stocks
🔐SC regulated — iFAST Malaysia

Use code 4G4TEP · Min. RM100 deposit · Offer expires 31 July 2026 · T&Cs apply

Moomoo vs Webull →FSMOne vs Moomoo →IPO Malaysia Hub →All Brokers Malaysia →

Frequently Asked Questions

Is Moomoo Malaysia safe and legit?

Yes — Moomoo Securities Malaysia Sdn. Bhd. is licensed by the SC Malaysia. Client assets are held in trust accounts separate from company funds. Parent Futu Holdings is listed on NASDAQ (FUTU) and regulated in Singapore, US, HK, and Australia.

What are Moomoo Malaysia's fees?

US stocks: USD 0.0049/share (min USD 0.99). Bursa: 0.03% brokerage + 0.03% clearing + 0.1% stamp duty (max RM200). HK: 0.03% (min HKD 3). No custody fee, no inactivity fee. First 180 days new users get 0% Bursa commission.

How does Moomoo compare to FSMOne?

US stocks: Moomoo wins clearly — near-zero vs FSMOne 0.08% (min USD 8.80). Bursa: roughly equal (0.03% vs 0.05%). Unit trusts and bonds: FSMOne wins — Moomoo doesn't offer them. For US+Bursa combo, Moomoo is the better single platform.

What bonus do new Moomoo users get?

Sign up via referral: RM100 cash coupon (deposit ≥RM1,000) + RM1,700 free AAPL stock (deposit ≥RM30,000) + Cash Plus 6% p.a. for 30 days. Total up to RM1,800 for a RM30,000 deposit.

Can I apply for IPOs through Moomoo?

Yes — RM0 subscription fee. Open a CDS Account-IPO in the app, fund it, then select available IPOs under Markets → IPO. IPO financing available at 6.8% p.a. (0% if not allotted).