Moomoo Malaysia Review: The Best Stock Broker in Malaysia!
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- čas přidán 23. 07. 2024
- Moomoo has officially landed in Malaysia! Here’s a full review of them and what you can expect from this stockbroker. Spoiler alert, they have the best overall package here in Malaysia.
🟠 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡️ j.moomoo.com/00JRcf
👉🏻 𝗦𝗶𝗴𝗻 𝗨𝗽 𝗳𝗼𝗿 𝗙𝗿𝗲𝗲 𝗦𝗵𝗮𝗿𝗲𝘀 (𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗧𝗶𝗺𝗲)! ➡️ j.moomoo.com/00JRcf
🟠 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡️ j.moomoo.com/00JRcf
Due to circumstances, I had to reupload the "Fees Structure" section - please refer it here instead: • Fees Structure (Moomoo...
⬇️ Timestamps:
0:00 → Overview
0:35 → Introduction
1:05 → Disclosure
1:30 → New User Welcome Rewards
2:21 → Who is moomoo? (Background and regulatory information)
3:16 → Moomoo’s track record in the brokerage industry
4:39 → Fees and numbers
6:53 → Financial product offerings
7:51 → Trading platforms
9:13 → Funding option
9:58 → Multi-currency account (Currency exchange)
10:49 → Room for improvement
12:14 → Conclusion
Discover the game-changer in Malaysia's investment scene - moomoo is here, revolutionizing how we trade with unbeatable fees and a user experience that's hard to match. Whether you're trading in the US market at USD 1 per transaction or diving into Bursa Malaysia for just RM3, moomoo's entrance marks a pivotal moment for local and international investors alike. With easy online funding, a multi-currency account at your fingertips, and the backing of stringent regulation both locally and globally, there's every reason to take notice.
In this exclusive video, I'll uncover the essentials about moomoo: from their credentials to what makes them a standout in the crowded brokerage space. Learn about their background under Futu Holdings Limited, their compelling track record, and the plethora of financial products on offer right from day one. Whether you're a seasoned investor or just starting out, moomoo's platform is designed to cater to your every need, providing access to both US and Malaysian markets with a promise of more to come.
But that's not all - by signing up with my exclusive link, you can get rewards worth up to RM 100 with just a RM 500 deposit, or even secure a free Apple share for a higher deposit. Dive into a brokerage experience that prioritizes low fees, no hidden charges, and an extensive suite of financial products, all while enjoying a seamless trading experience across multiple platforms.
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❗️USEFUL LINKS❗️
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Disclaimer: All views expressed in this video are the independent opinions of Ziet, which are not necessarily 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 Ziet may receive certain commissions. Please contact Moomoo MY for more information. - Jak na to + styl
🟠 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡️ j.moomoo.com/00JRcf
👉🏻 𝗦𝗶𝗴𝗻 𝗨𝗽 𝗳𝗼𝗿 𝗙𝗿𝗲𝗲 𝗦𝗵𝗮𝗿𝗲𝘀 (𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗧𝗶𝗺𝗲)! ➡ j.moomoo.com/00JRcf
🟠 My apologies! Due to circumstances, I had to reupload the "Fees Structure" section - please refer it here instead: czcams.com/video/s7A9QHgxj-g/video.html
A few points on moomoo's offerings (not in this video) probably noteworthy for new users:
1. Fractional shares (shown in this video) is probably carried forward from my Moomoo SG account (since I've used their product about 1.5 years ago) - new moomoo MY users probably wont have this at the moment!
2. ADR custodian fee - if you are trading a lot of ADR stocks (think companies like BABA, ASML, TSM etc.) then you might want to note they do charge an ADR custodian fee of USD 0.01 - USD 0.05/share. Read more here: www.moomoo.com/my/pricing?_ga=2.185759018.2079233401.1708873321-1859367875.1708691474&_gac=1.120618746.1708691476.Cj0KCQiAoeGuBhCBARIsAGfKY7wfWo6aCPepgiJOcAZQTmuNJSe1PxTzeeCmMbfnw5xXwwBeR2GBKEIaApBYEALw_wcB&global_content=%7B%22promote_id%22%3A14079%2C%22sub_promote_id%22%3A1%7D
3. CDS - Their bursa account is currently nominee CDS (meaning inferior to Direct CDS - can't attend AGM, no voting rights) in case you're into these stuffs - personally I'm leaning more towards their US market offerings
4. Money market funds shown in this video - again, probably carried forward from my Moomoo SG account, it's not available yet for new moomoo MY users
5. If you’ve deposited RM 8000, please dont forget to manually claim your free Apple share, go to “Me” tab, then “Promotions”, click onto the banner (welcome reward for moomoo MY), then scroll down to claim the Apple share.
I hope this clarifies!
@@ZietInvests how Did u open moomoo Singapore?
@@copywritersblocki already opened one back in July 2022, Malaysians back then can only use moomoo SG
@@ZietInvestsHow to go about the registration with your sponsorship? What do I get if I deposit MYR 10,000? TQ
Aiyak how to use your referral code after I clicked sign up accidentally>< macam didn't work cause on website and then app
Ok we really need unbiased MOOMOO vs IBKR review A-Z. No more "sponsored by" for the next video. Keyword: unbiased review between the two. Looking forward to that
I totally understand that! And I plan to make one that has no sponsor in it for sure.
Here's a quick take (written): czcams.com/channels/-h5sZ-O_4KbdzPy6hxYd9g.htmlcommunity?lb=UgkxoVE3LNzCns5POS6omSOBaGm9k5dxYwWa
Please advise urgently how do I get to register with your sponsorship? What are the offers if I deposit MYR 10,000 before the deadline on March 31? Time is running out. Please help. TQ
@@giant108hi, their welcome rewards are actually shown on their moomoo malaysia website, can refer there for the latest ones ya
It will be great to add M+ global and etc that are available in Malaysia as well??
YES WE NEED THIS!
Awesome video and work bro. Next video Interactive broker vs Moomoo for long term holding stocks and etf. Thank you advance.
Received tons of such request! I'm working on that!
Thanks for the great review. Was waiting for this since I saw your coverage on X
Glad you liked it!! Opening one for yourself?😁
Thankyou bro. The review I've been waiting for.
I’m glad you liked it!!😁
Should we make use of the convenience of cross currency trading feature, or to covert to USD first for the US stocks?
Hi Ziet, how many trading platforms do you think a person to keep for long term investment, since there are many surfacing up now? Is it good to keep different platforms or just maintain 1 will do?
Thank you for your sharing! Regarding Bank Transfer from Malaysian banks - will the banks charge Handling Fee when transferring funds into Moomoo? or Anyone being charged with the said fee?
Any idea to make good use of the 5xrm10 cash voucher? Never trade in MY stock market, only buy us stock before
Hi, Ziet I have been you pioneer follower and has registered with your referral link to support you. Keep it up
Thank you so much!! Knowing that you have supported the channel for so long genuinely means a lot to me ❤️❤️
For US stocks or etfs that give dividends, will we also get it?
Hi, I hv opened a Moomoo Sg account but it can not trade M'sia stocks. Can I open another Moomoo M'sia account?
Hi brother. One question..withholding tax for VOO etf is 30% right? Is it only for the dividends or total capital gains? For an example, if our investment is 1k usd and our capital gain is 5k after 20 years. We will be taxed on captial gain (5k) or only dividends?
Everyone is waiting for @zietinvests to answer.
Hi. Can we use moo2 to invest in SGX?
Thank you for this amazing explanation. Registered with your link. My question; is it still worth investing in US stocks although there is 30% withholding tax?
Awesome video! very detailed information indeed. One question, the news mentioned that users may claim up to RM 100,000 from the capital market compensation fund in the event if platform fails to pay the amount. Do they cover MY shares or both MY and US shares?
Hello there! From my conversation with them, both US and MY shares are covered ya, can refer at CMC here: www.cmcfund.com.my/Home/Manageweb/0/
Hi Ziet, may i know what is level 1 and level 2 realtime data? Whats the difference between lvl 1 and lvl 2. Also to entitle apple share, do i need to buy anything or just deposit rm8k and hold it for 30 days will do.
Hi jason, can just deposit RM 8k, claim under your My Rewards tab, then hold 30 days will do, you will get the AAPL stock!
For the level 1 vs level 2, essentially Level 2 does everything like Level 1 with live share price (bid, ask, volume), but more, including: order book and market depth where you can see how many orders are present at current price. Mostly used by traders actually xD
for new comer opening MOOMOO account depositing RM8k still got 1 apple share ?
Great video! 👍
As for features, I would really like to see Moomoo adding 2FA as an added security layer
Thanks
Ahhhh that’s a super good one!! Totally forgotten it, thank you for bringing this up!
Bro can do detail calculation? For moomoo, I notice there is a bigger loss when changing from USD to MYR. Wanna know the exact difference when comparing with IBKR transfer using wise.
What's the difference between trading directly via a Malaysian stockbroking firm and Moomoo other than cheaper fees. Do I need to open a new CDS account? Where will my purchased shares reside? What about purchase and sales proceeds? Is it upfront payment?
hi, any idea if I can trade using the RM8K that I just deposited? what if I lose some which does not reach the min balance of RM8K, will my apple stock being forfeited?
I'm curious on this too, any answers?
Wow the video is up!
Hehe hope you like it!!
Hi Ziet, few years ago I was using MooMoo Apps to trade US stock. May I know if this MooMoo Malaysia is using the same Apps? If it is the same App, do I entitle for the Welcoming Rewards?
Hi terence, yes they are using the same app ya. And yes, just have to use my link to register again, it will appear as moomoo MY under your same app (can toggle between moomoo SG or MY app).
Welcoming rewards need to read the fine print of rewards T&C ya as there are some difference for those that have deposited in moomoo SG before:
www.moomoo.com/community/feed/everything-you-need-to-know-as-my-officially-launches-112003118530566
@@ZietInvests , thank you
Hi, do you recommend buying the S&P 500 on moomoo or on ibkr as your previous video?
Hi, both will work equally well ya, i have actually done a quick community post on youtube so you can check out the detailed difference between them :)
hi, wanna ask if i can put in 8k and hold for 30 days, then claim apple stock and after that withdraw the money can?
Hi, yes definitely can, but do give their app a try :x wouldn't be nice for me to say "yes" and advocate people for doing that haha!
Here's the reward T&C for your reading: www.moomoo.com/my/support/topic9_122?lang=en-us&from_platform=4&platform_langArea=my
Awesome review! Quick question about the campaign, why does it show “Unfortunately
this promotion is not available
in your region” when click into it? Isn’t it launched in Msia?
Thank you Ricky! Few factors i can think of:
1. Are you from Malaysia or Singapore? This is only eligible for Malaysian resident
2. Have you registered with Moomoo SG and deposited before? That might make you ineligible for the new user welcome reward
Full rewards T&C can read here: www.moomoo.com/my/support/topic9_122?lang=en-us&from_platform=4&platform_langArea=my
Hope this helps!
Hi Awesome video, thanks for sharing, two request from my end, it would be grate, if you make videos on annual account maintains fees of broker and about procedure of account closure :)
I'll look into it! Thank you for the suggestion!
Hi thanks for the great sharing. What happened to the deceased account of Moomoo My? Is the process of handling the deceased account of Moomoo My same as other local brokers of Malaysia?
Hi there, i dont have much clarity on this yet, but will definitely give you guys an update once moomoo is ready to entertain me on these stuffs haha (currently they are too busy servicing the overwhelming amount of new accounts)
Hi, Just want to ask, did Moomoo announce when are they going to implements Fractional tradings on US stock any time soon ?
Hi, Awesome video, I would request you 2 things, if you can make video on annual account maintains fees of brokers and account closure procedure :)
I'll look into it! Thank you for the suggestion!
nice, this broker has us and my blue chip stocks. but it doesnt provide Ireland Domiciled etf stocks.. any recommendation for this? is ibkr still the best option for such etfs?
Yeahhh definitely IBKR does a better job there because they are probably the only broker providing access to London Stock Exchange; i dont see any malaysian-based brokers providing that anytime soon
i have done the acc opening and deposit also got the small rewards succesfully but only the apple stock hvnt alocate to me yet , is it because it has to be myr 8000 and cannot buy stocks or exchange to usd yet for a month only it will free me the apple stock?
Hi Joe, according to their T&C:
"To be eligible for the free Apple share, you must successfully open a Moomoo MY universal account and deposit a cumulative amount of at least RM8,000 into the account before 11:59 PM MYT 31/03/2024. Once the deposit of RM8,000 has been completed, you must also successfully claim the free Apple share from the activity landing page.
The Apple share will be issued upon successful deposit, and will be activated if you maintain the assets (cash, stocks and other assets included) of RM8,000 (or equivalent currencies) for 30 days. Due to stock price fluctuations, the total asset value is allowed to drop by 10% from the stated amount. This campaign has nothing to do with any company and its affiliates that are rewarded with shares.
If you are eligible for Reward 2, Apple stock will be credited to your Moomoo MY universal account within 3 calendar days. The free apple share is valid within 90 days from the date of issuance, if not claimed, the free apple share will expire."
Can read more here: www.moomoo.com/my/support/topic9_122?lang=en-us&from_platform=4&platform_langArea=my
Hope this answers your question!
@@ZietInvestsHi Ziet, is there any quota set by Moomoo for the free 1 AAPL share?
Hi can you explain a little about the deposit 8000 and get an apple stock? Can I buy other shares using this 8000 or must I not do anything with this 8000 for 30days to be eligible to get this Apple stock?
Hi, you can use the RM 8000 to invest actually, just that you need to maintain at least RM 8000 - 10% due to volatility. And do note that you need to claim the Apple share reward in your My Rewards tab to start the countdown timer.
For full T&C can read here yea: www.moomoo.com/my/support/topic9_122?lang=en-us&from_platform=4&platform_langArea=my
@@ZietInvestsi had deposit the rm8k yesterday, how many days need to wait it to appear at my reward for claim? So far nothing show yet.
How is the withdrawal procees from moomoo? Read some no so good reviews when want to withdraw the money
Thanks for the informative video. Is it possible to use Moomoo to participate in US stocks IPO ?
Hi Nicholas, it's not mentioned on their support page/anywhere on the app - I presume not available at the moment, yet?
Ziet is it cheaper to deposit MYR and exchange IN Moomoo or send moomoo USD via wise (like how we do with IBKR)? Really appreciate you taking the time to answer these questions!!! thankyou!
Hello there! I don't think moomoo MY accepts USD by default (unless you're referring to the existing USD account under the moomoo SG account) - in that case I suppose internal conversion within moomoo should be cheaper marginally only (around 0.4-0.6% conversion spread) as compared to Wise conversion (sometimes 0.4 to 0.8% hard to tell)
Need more testing to be able to answer this more accurately ya, you can give it a shot on your app even without converting to see how much you can get!
Have open accounts yesterday. Approved few hour before this video, deposited successfully within hour also.
u done the deposit in business hour?
Wooo that's lightning fast! Got mine pretty fast too (i didn't really check every minute haha)
Thank you Ziet for the awesome introduction for the new platform.
Will we able to trade China market in future through them ?
Hi there, their counterparts like moomoo SG dont support china market, so it might be a little stretch to think they will roll that out anytime soon. But! They do support ADR stocks - you can check them out!
Can we buy US index fund on Moomoo
Hi Ziet...thank you for the video...just a quick question for beginner here😄...which one is better in terms of fees when trading the US Stocks...IB or Moomoo? And I notice that with IB you don't have to pay stamp duty compare to Moomoo.
Hi buddy! Great observation, I totally get that it's kinda confusing when you compare them side by side, but if I may chip in some pointers from my personal opinion, here are a few key strengths of each that the other probably is lacklustre on:
IBKR has:
- fractional shares trading
- more financial markets coverage (UK for example, access to irish ETFs with lower withholding tax)
- longer track record, more "mature" in a sense
- does not charge stamp duty (charged by malaysian government) on local brokers (RM 1/1000 share)
Moomoo:
- has SC malaysia license, which means better regulation (comes at a cost of financial products limitation)
- easier funding thanks the local license (which means next time can duitnow easily, instead of Wise to IBKR)
- hands down better UI/UX experience for mobile, ipad and desktop app
- will have more promotional rewards and discounts/vouchers etc. - i.e. free money for users
Ultimately there is no straightforward answer on which is "better" because it's quite subjective, personally I'm using both for quite some time now (IBKR for 3+ years and Moomoo SG about 1.5 year)!
@@ZietInvests Thank you for the explanation...maybe for now I'll start with Moomoo first (at least for the next 90 days)..just to claim all the new user rewards😆...just one more question...does Moomoo offer live data feed for US Stocks?
Hi Ziet, with Moomoo Malaysia launched, can we take short positions on US market shares?
@@ZietInvests i think for
- does not charge stamp duty (charged by malaysian government) on local brokers ****(RM1 PER RM1000)**** not (RM1/1000shares)
Big difference man. if you trade you will get whacked by the stamp duty alone
sorry i meant Moo Moo charges RM1 PER RM1000
Hi ziet,how do moomoo sg malaysian user invest in malaysia stock?currently not available?
Hi Paul, you will need to register for a moomoo MY account first ya.
Quick steps:
1. Can use my link to redirect over to moomoo MY website
2. It will prompt you to register account, snap IC and selfie picture, then submit
3. Moomoo MY account opened once approved, it will appear in the same app (can toggle at top to show moomoo MY or SG).
4. Now you can trade Bursa stocks!
Hope this helps!
Ziet, good to split small amounts say 150myr to weekly invest for moomoo?
Hi angeline, there's no wrong to any amount to start investing, but just need to be mindful of the brokerage fee since there's a minimum for each trade - you wouldn't want to pay too much fee!
I'd like at least RM 1,000 for a trade, can save it for 1-2 months then invest also not wrong one, not necessarily weekly/biweekly rigid schedule!
does moomoo Malaysia follow PDT rule?, because i plan to use moomoo for day trading.
Do they have a Demo account to practice trading?
May I know the Malaysia share dividend paid will receive through local bank or direct received in Moomoo account instead?
Hi, you will received your cash dividends in your moomoo account ya
Is this nominee account?
Is there more information of the margin account?
Hi @Ziet Invest, 1 transaction might cover a couple of orders to either completely buy or sell the full lots keyed in the system. Will it be consistent at RM3 per transaction [as in per buy//sell]
Hi rk, based on my knowledge usually 1 transaction means 1 "buy" from your end, so it doesn't matter how many times they have to complete their purchase with the market maker. Meaning, you will only be charged one, at minimum RM 3/trade, per buy per sell.
But dont take my word for it - please also talk to their customer support to confirm this ya!
@@ZietInvests perfect, tqsm! Will check it out with the cs team
Hi Ziet ...is the offer of depositing 10k n get Apple stock still available?
Hi tan, from what I heard it's still available (but please dont quote me on that👀)
Campaign Period - 01/04/2024 12:00 AM - 15/04/2024 11:59 PM MYT
"Reward 3: An Apple share.
Task: To be eligible for the free Apple share, you must successfully open a Moomoo MY universal account and deposit a cumulative amount of at least RM10,000 into the account before 15/04/2024 11:59 PM MYT. Once the deposit of RM10,000 has been completed, you must also successfully claim the free Apple share from the activity landing page.
Upon successful claim, the Apple share will be issued and activated if you maintain net deposit (including cash, stocks, and other assets) of RM10,000 (or equivalent currencies) for 60 days.
After completing the unlocking task, the free Apple share will be credited to your account balance within 5 trading days."
Source: www.moomoo.com/my/support/topic9_122#
All the best!
hi can i ask, what is the adr custodian fee, will it effect me? because if i buy a 1 dollar stock, and buy around 1000 shares, the custodian fee will be 0.01*1000 = 10 dollar? thats a lot!!
waiting for replies here also about the adrs
Hi there, yes unfortunately ADR fees on stocks like ADR BABA, ASML, TSM etc. are subjected to that fee @ USD 0.01 - 0.05/share, hence it may not be the most ideal solution for ADR stock investors
Though ngl 1,000 shares/trade on these blue chips are kinda hefty tho 👀 (perhaps you're trading a lower share price stock then yeah :x)
Source: www.moomoo.com/my/pricing?_ga=2.185759018.2079233401.1708873321-1859367875.1708691474&_gac=1.120618746.1708691476.Cj0KCQiAoeGuBhCBARIsAGfKY7wfWo6aCPepgiJOcAZQTmuNJSe1PxTzeeCmMbfnw5xXwwBeR2GBKEIaApBYEALw_wcB&global_content=%7B%22promote_id%22%3A14079%2C%22sub_promote_id%22%3A1%7D
@@joe818 anyone can share what is this ADR custodian fees? how do i know if the share that i'd like to purchase has a ADR fee?
can transfer malaysia stock into moomoo?
hii ziett , what is the difference between trading using bursa cds account and moomoo account ?
Hi Azwar, the difference lies in Bursa CDS allowing you to trade in Bursa Malaysia, while the moomoo universal account allows you to trade Bursa + international stocks & ETFs (like the US stock market). Hope this clarifies!
Hi,What difference between moomoo SG & moomoo MY?? Because now I’m using Moomoo SG.
What’s your advice ? Tq
Hi! Some benefits with having Moomoo MY as a Aalaysian:
1. Can trade Bursa
2. Can deposit/withdraw with MYR bank transfer (next time can duitnow means = easier funding/withdrawal)
3. Regulated under SC Malaysia
It's actually just registering a moomoo MY account (can use my link) and it will be parked under your moomoo SG account, all under 1 single app, so dont worry about that!
Does it gives interest on the cash for a certain money hold inside? since the fed fund rate is 5%
Hi, at the moment there's no money market fund or idle cash interest :x But to their defense their new user welcome reward is already providing absurd/no-brainer return!
RM 8000 deposit for ~ RM 1000, that's a "confirmed" 12.5% return in 30 days, or annualised that's a 150% p.a.
From Myanmar 🇲🇲love your video explained clearly about Moomoo app thank
Thank you so much buddy😍
Ziet, is it safe to park stocks in Moomoo for the long term?
Hi Joe, safe or not depends on the regulation, company establishment and investor protection!
They are licensed & regulated by SC Malaysia, is publicly listed on US NASDAQ market, and has insurance policy protecting you incase of any force majeure - that's solid enough in my opinion!
There's commission, platform, clearing fee, stamp duty. I still haven't seen how the cashback rebate works. The app system nor customer service isn't great either.
Done the transaction thinking the cashback will be automatic as claimed, but it isn't. I raised an issue on this, awaiting for a resolution. Will update again once they come back with the solution.
Thank you for sharing your experience! There’s definitely more room for improvement 👍🏻
It’s good for us Malaysians to have more options in trading. Moomoo definitely seems like a great place to start. But I’ve been happy with IBKR for a while now and am curious to know your opinion on which is better?
Hello! Many ask the same question, so here's my take on this question!
Here are a few key strengths of each that the other probably is lacklustre on:
IBKR has:
- fractional shares trading
- more financial markets coverage (UK for example, access to irish ETFs with lower withholding tax)
- longer track record, more "mature" in a sense
- does not charge stamp duty (charged by malaysian government) on local brokers (RM 1/1000 share)
Moomoo:
- has SC malaysia license, which means better regulation (comes at a cost of financial products limitation)
- easier funding thanks the local license (which means next time can duitnow easily, instead of Wise to IBKR)
- hands down better UI/UX experience for mobile, ipad and desktop app
- will have more promotional rewards and discounts/vouchers etc. - i.e. free money for users
Ultimately there is no straightforward answer on which is "better" because it's quite subjective, personally I'm using both for quite some time now (IBKR for 3+ years and Moomoo SG about 1.5 year)!
Hey I’m on Momo, and my contracts keep going “grey”, then remain stagnant not moving according to the market! What is that?
Are you looking at it during market hours? Try checking with the customer support!
Keen to see comparison with IBKR . Also keen to see HK and china market in moomoo
You bet! I’m working on it as we speak😄
Hi Ziet, currently I am using Moomoo SG. Is there any option for me to transfer all my funds from Moomoo SG to Moomoo MY?
Hi Khairil, currently they dont have the internal fund transfer feature ya, meaning need to manually withdraw and deposit again :x (hopefully they will roll this out soon!)
@@ZietInvests I see. Do you have any tutorials on how to transfer into MYR? I tried to withdraw using Wise but they seems not accepting it and rejected my withdrawal.
Hi Ziet, for Malaysian that are using Moomoo SG, is it better for them to change to Moomoo MY?
Hi there! It's actually just registering a moomoo MY account (can use my link) and it will be parked under your moomoo SG account, all under 1 single app, so dont worry about that!
Benefits?
1. Can trade Bursa
2. Can deposit/withdraw with MYR bank transfer (next time can duitnow maybe!)
3. Regulated under SC Malaysia
@@ZietInvests as a malaysian, if we want to trade in the US stock market, would the benefits in moomoo sg or MY be better?
Really need them to quickly introduce features to trade bonds, funds/unit trusts and money market which is not available right now for Malaysia
Right?!! I really cant wait for 1 click access to money market fund (cash plus) and US treasury 5-6% omggggg🔥🔥🔥🔥🔥
Hi Sir Zietinvests is it moomoo malaysia didnt offer fractional shares of US Stock as i compare other country moomoo have fractional shares function in their apps
Hi kar wei, you are correct, moomoo Malaysia at the moment dont support fractional shares trading yet; other country like moomoo US have, moomoo SG have limited support
May I ask
Previously I started a moomoo SG account with sing dollar using passport… is this same app Or I can do an account with my IC for this new promo?
Hi there! It's actually just registering a moomoo MY account (can use my link) and it will be parked under your moomoo SG account, all under 1 single app, so dont worry about that!
Benefits?
1. Can trade Bursa
2. Can deposit/withdraw with MYR bank transfer (next time can duitnow maybe!)
3. Regulated under SC Malaysia
Hope this clarifies!
how come i can only see the option to deposit sgd, usd, and hkd but not myr
hello there!
1. Have you opened your moomoo MY account? Need to click my link, then open account, submit IC and selfie
2. Once done, at the top, click the drop down button change from moomoo SG to moomoo MY
3. then can proceed to Deposit, only can deposit MYR by default for now
Hope this helps!
Please I need advice. I want to invest monthly in ETFs
1: ishares core s&p 500
2: ishares msci china
3: ishares msci india
4: ishares msci saudi arabia
5: ishares phycical gold
6: ishares us aggregate Bond
Is this a good investment plan for the long term? Or too many boxes is a mistake. Please reply, thank you.
After depositing the RM8000 and done claimed the apple stock, would I be able to withdraw the RM8000 out cash or have to be used in the app?
Hi jun hong, you will need to maintain the RM 8000 asset in your account for 30 days ya - and yes, you can use it to invest or trade, just mindful you need to keep it not less than -10% value, can read here for full T&C info: www.moomoo.com/my/support/topic9_122?lang=en-us&from_platform=4&platform_langArea=my
Hope this clarifies!
HI, Ziet. i have just sign up using your link. I have deposit 8080 . how to claimed the apple stock? pls advice . tq
Hi leo, you can check at the “Me” tab at the bottom right, then click “My Rewards” at the top.
Then claim the apple share, and it will unfreeze after you hold your assets steady (max 10% difference) for 30 days; can use your money to invest, but mindful need to maintain at least 8000-10% due to stock price volatility
need to buy stock and hold for 30days? maintain min 8k till end of 30 days?tq@@ZietInvests
hey ziet, does this mean that i can’t spend all 8000 on stocks, etfs etc? but rather only 800 to be safe?
Hello ziet, any insider news about moomoo malaysia adding fractional share?
Hello wengkitt, so far heard nothing about it yet :(
is the deposits in one shot or I can deposits in smaller chunks till RM 8000 within the time period and maintain it for 30 days ?
Hi sam, it can be in smaller chunks, but needs to be before 31st March 2024 yes. (Cumulative RM 8000).
"To be eligible for the free Apple share, you must successfully open a Moomoo MY universal account and deposit a cumulative amount of at least RM8,000 into the account before 11:59 PM MYT 31/03/2024. Once the deposit of RM8,000 has been completed, you must also successfully claim the free Apple share from the activity landing page.
The Apple share will be issued upon successful deposit, and will be activated if you maintain the assets (cash, stocks and other assets included) of RM8,000 (or equivalent currencies) for 30 days. Due to stock price fluctuations, the total asset value is allowed to drop by 10% from the stated amount. This campaign has nothing to do with any company and its affiliates that are rewarded with shares."
Here's the full reward T&C: www.moomoo.com/my/support/topic9_122?lang=en-us&from_platform=4&platform_langArea=my
Hope this helps!
To be eligible for one apple stock, can I make multiple transfers instead due to the transfer limit?
Can!
Technically i can deposit 8000 into the account and leave it untouch for 30 days to get the apple stock? After that can i withdraw the deposited 8000 ? Just wondering
Yes you can! (But dont forget to claim it under your My Rewards tab once you’ve successfully deposited rm8000☺️)
@@ZietInvests Thanks for the reply! May I also know do you have any information on the transfer fee imposed by the malaysian local bank? Couldnt find this information online~ Moomoo clarified that they dont imposed any withdrawal charges.
Hi ziet, is it possible to transfer stocks from ibkr to Moomoo?
Hi Syed, at the moment, moomoo MY doesn't support transfer in/out of stock ya, even though their SG counterpart support that. I guess they have not rolled out that feature yet (probably due to regulatory/compliance matters)
Hey, Thanks for your videos... I have two questions... what do you recommend trading or investing for beginners? and, can you create a video with the good or best stocks for European investors? Thanks so much.
Hey there!👋🏻 If you're from Europe, I would highly recommend Interactive Brokers since they are regulated and licensed in the EU region.
Can check out this video: czcams.com/video/f__HgJRe3nU/video.htmlsi=v5FxsaW1XlOs-njC
Can Moomoo Malaysia trade forex??
What is Insufficient exchangeable amount (FEP)? Mine is insufficient to convert MYR to USD
Hi Aziz, do you have enough MYR cash ready to convert?
Also, did you input a DRB Domestic Ringgit Borrowing amount that exceeds RM 1 mil? coz all of us have a RM 1 mil FEP limit to invest in US stocks
@@ZietInvests yes I accidentally put 1 mil DRB. It's okay now 😂
I got this information from their website. "One of the main taxes that Malaysian investors in US stocks need to be aware of is the capital gains tax. This is a tax on the profits made from selling an investment. If you're a Malaysian investor holding US stocks, you may be subject to a capital gains tax when you sell those stocks.
The current capital gains tax rate for Malaysian investors in US stocks is 30%. However, this rate may vary depending on any treaties that exist between Malaysia and the US. It's important to consult with a tax professional or financial advisor to understand how the capital gains tax applies to your specific situation"
Does this mean i need to pay 30% of the profits made from a trade or investment?
Hmmm, this is a bit misleading because from what i know, foreign investment income is not taxable in Malaysia until end of December 2026. There are no other indication that capital gains made on foreign investment is taxable here.
Hi Ziet and Team, MOOMOO also got shariah ETF? Fractional trading?
Hi umar, yes they have shariah compliance filter tab for you to look for shariah compliant stocks and ETFs!
Fractional shares trading - not at the moment!
I like that they have a setting to turn off margin, esp when u enter the wrong order (extra digit), so I can only use cash and won't use margin unintentionally
That's actually a really good feature to have! Props to them for giving customers the option to protect themselves!
the deposit is not immediately reflected in moomoo account?
Hi, not immediate ya coz its online bank transfer at the moment, will be instant next time when they introduce duitnow transfer
Is the 1 unit Apple share rewarded by MooMoo a fractional share n can it be sold?
it is a full unit of share! and yes can be sold!
@@ZietInvests thanks
How fast do they pay us. Is it the same as local brokers. Is it a cash upfront when buying?
Dividend - its a nominee cds account, do expect a little delay on receive your dividends in your moomoo account
Cash upfront - yes they do support Cash and Margin like local brokers
i interested on usd currency rate. how much diff than money changer? any MMF? rate?
Hard to say one o, one does not actually 'invest' in the USD per se, its more of currency diversification, because forex movements are rather slow in nature (I think MYR depreciated against USD around 6+% y-o-y).
Fast? Not really.
Slow? Not slow either.
MMF is definitely wayyy better to beat inflation & even currency depreciation, with extra margin some more! At the moment they dont offer MMF products yet
Hey i have question does this broker
1) allow intraday or not
2) can long or short stock
3) have leverage or not
4 ) minimum deposit
Hi Syafiq!
1. Not very familiar with intraday trading, sometimes there's Good Faith Violation (GFV) policies in place so best confirm with their official customer support ya
2. Long yes, short not yet
3. Margin yes, bursa leverage im not very sure myself
4. No minimum deposit
Hello , Ziet , why cannot trade on Hong Kong Stocks ?? Only Malaysia and USA ?
Hi sean, yeah moomoo MY at the moment only support MY and US only, unlike their SG counterpart
Thanks for yr prompt reply 🙏🏻👍👍👍
Funding less than an hour done after office hour. Awesome!
That's fast!
Sounds good !
Yas!👏
Can the Cash Coupons be used in US Stock as the Cash Coupons comes in MYR currency?
hmmm good question because mine is still frozen so i cant test, can read further T&C here: www.moomoo.com/my/support/topic9_122?from_platform=4&platform_langArea=my%2Fhans&global_content=%7B%22promote_id%22%3A14079%2C%22sub_promote_id%22%3A31%7D
hey@@ZietInvests, do we know how to get the cash rewards? i've deposited RM500, and went to the promo tab, where do i redeem the cash rewards? i cant really see it in the promotions tab
Can I withdraw the RM8000 after I got the apple share? will there be any withdrawal fee?
Have to keep the RM 8000 for 30 days! As afr as I know there's no withdrawal fees
I have IBKR and just created Moomoo account. Can I just deposit and sit in USD and do nothing for now?
Hi, yes you definitely can, but note that deposits to moomoo MY can only be done in MYR. You'll need to convert within the app to USD ya
thanks for the video. it looks good. need LSE listings. then I can switch from IBKR to Moomoo
thanks prem, LSE will definitely be a much added advantage indeed!
Looking forward to the Moomoo vs IBKR comparison@@ZietInvests
Hi Ziet! Thanks for the the awesome video. May I ask if I deposit 8K in it and gotten the apple share, can I withdraw back the 8K? Is there any hidden charge or terms and conditions on this issue? Thanks :))
Hi jack, no hidden charge, but the T&C is you need to hold that RM 8k for at least 30 days ya, as simple as that!
Can read here for the full T&C on new user welcome rewards: www.moomoo.com/my/support/topic9_122?lang=en-us&from_platform=4&platform_langArea=my
@@ZietInvestsif I use the 8k to buy shares, does it count as holding it?
@@Jayplay17I am interested in the question. Hope, brother z will respond
i dont see the fractional share wording in my phone , maybe just for iphone ?
hi can check the notes at pinned comment ya, the fractional share was for moomoo SG app that previously was available for malaysians registered under it, new moomoo MY users dont have them yet ya
Thanks for the intro. Do they allow short selling?
Hi tj, at the moment short selling is not supported for moomoo MY account ya (as far as i know)
Does anyone know if sg moomoo user can register my moo moo and get the free stock reward?
Hi Jun, can, but there's certain T&C attached to it that I highly encourage you to read it here: www.moomoo.com/my/support/topic9_122?lang=en-us&from_platform=4&platform_langArea=my
Hope this helps!
Hi Ziet, can buy ETF S&P 500 using Moo Moo?
Can!
A great write up. I am joining them.
Glad you liked it!!
Ziet, 2 years ago, you put MOOMOO in Tier 5 , in one of your videos. Has your review changed?
Hi, that is correct. My review has changed because:
1. They have consistently improved their offerings, customer support and applications ( mobile app, desktop platform) - that's good to know they are not shying away from spending in R&D
2. Back then they were still very new, with a lot other similar tier brokers mushrooming like Tiger Brokers, Webull, eToro which doesn't give me quite a comfort compared to old timer like Interactive Brokers. But years later, moomoo is still going strong while the rest have slowly phased out and no longer expanding/offering new financial products, that adds a lot of point to me.
3. Licensed by SC Malaysia (recently) - the rest like Tiger, Webull and eToro are all not licensed by SC Malaysia (i guess this i self explanatory)!
I hope this clarifies (and thank you so much for such an observation, good reminder for me to update my brokerage tier list already)!
Is moomoo nominee account or the shares are directly under our own name?
Hi there! It’s a nominee CDS at the moment, but they said they are working towards Direct CDS (delivery timeline unknown tho, but i would assume that will take some time)