Free RM1,500*Open Moomoo AccountSC-licensed · US + Bursa + HK stocks · RM100 cash + RM1,700 AAPL for new users
Our Verdict
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.
Regulated by
SC Malaysia
US Commission
~USD 0
Bursa Fee
0.03%
New User Bonus
Up to RM1,800
Yes — Moomoo Securities Malaysia Sdn Bhd holds a Capital Markets Services Licence from the Securities Commission Malaysia and is legal to use. But “licensed” is not the same as “your money is guaranteed”, and the difference is the part most reviews skip. Here is exactly what protects you and what does not.
✅ SC-licensed, verifiable
Moomoo Securities Malaysia Sdn Bhd holds Capital Markets Services Licence eCMSL/A0397/2024, issued by the Securities Commission Malaysia. You can check it yourself on the SC's public register of licensed persons.
✅ Your shares are held separately
Client cash sits in designated trust accounts and securities in segregated custodian accounts, kept apart from Moomoo's own operating funds. That separation is what protects your holdings if the broker itself fails.
✅ Capital Market Compensation Fund
Eligible investors can claim up to RM100,000 for qualifying Malaysian securities through the CMC Fund — the capital-market equivalent of a deposit-insurance backstop, administered under the SC.
✅ Not PIDM-protected — and nor is any broker
PIDM covers bank deposits up to RM250,000. It does not cover brokerage accounts, shares, or money market funds, at Moomoo or anywhere else. If you see a broker imply PIDM cover, that is a red flag.
The verdict on legitimacy
Moomoo is not a scam: it is an SC-licensed broker (eCMSL/A0397/2024) operating legally in Malaysia, with segregated client accounts and CMC Fund cover up to RM100,000. The real risk is not that Moomoo disappears with your money — it is market risk on whatever you buy with it, which no licence anywhere protects you from.
Sources: Securities Commission Malaysia (licensed and registered persons register); Moomoo Malaysia licensed-entities and investor-protection disclosures; PIDM scope of coverage. Verified September 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% |
| 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 |
✅ Pros
⚠️ Cons
Deposit ≥RM1,000
RM100 cash coupon
Deposit ≥RM30,000
RM1,700 free AAPL stock
All new users
Cash Plus 6% p.a. for 30 days on idle cash
*T&Cs apply. Rewards subject to qualifying conditions. Check Moomoo app for latest terms.
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 |
*Complete deposit & first trade via this link to track rewards · T&Cs apply · RM100 coupon ≥RM1,000 deposit · AAPL stock ≥RM30,000 deposit.
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