moomoo Malaysia Review 2026: Fees, US Stocks, and Is It Worth It?

moomoo Malaysia's own About page lists Malaysia as a 2024 launch. Its pricing page advertises RM0 commission for 180 days for new users and 0.03% commission plus a per-order platform fee afterwards.

This review covers the fees as moomoo's help centre publishes them, the platforms, what you can trade, and who it may suit.

Last updated 17 October 2026 · money.com.my Editorial

What moomoo Malaysia Is#

moomoo's About page calls Moomoo "an independent brand of FUTU Holdings, a Hong Kong based Nasdaq Listed global financial institution". In Malaysia, brokerage services are offered by Moomoo Securities Malaysia Sdn. Bhd. (formerly Futu Malaysia Sdn. Bhd.), which states that it holds a Capital Markets Services Licence regulated by the Securities Commission Malaysia (licence no. eCMSL/A0397/2024).

We could not read Bursa Malaysia's site (Cloudflare check), so its Participating Organisation status was not re-checked (HELD).

Markets available (pricing page): Malaysia, US (stocks, ETFs, REITs), Hong Kong, Singapore and China A-shares through Stock Connect, plus US options and futures. We did not find ASX on the pages we read.

Fees in Full#

Bursa Malaysia trades#

• Commission: 0.03% of transaction amount, rounded up to RM0.01 per order
• Platform fee: RM3 per order
• Clearing fee: 0.03%, maximum RM1,000 per trade amalgamation (charged by Bursa Malaysia)
• Stamp duty: RM1 per RM1,000 (or fractional part), maximum RM1,000 for shares and RM200 for warrants and REITs; Bursa-listed ETFs exempt until 31 December 2028
• SST: 8% on commission, platform and clearing fees for warrants, ETFs, REITs, rights, business trusts and stapled securities from 1 October 2025

For a RM5,000 Bursa share trade: commission RM1.50, platform fee RM3.00, clearing RM1.50, stamp duty RM5.00, so RM11.00 per leg, RM22.00 round trip (before any promotion).

Rakuten Trade's published scale charges RM2.88 brokerage on the same trade, so at RM5,000 Rakuten's brokerage (RM2.88) is lower than moomoo's commission plus platform fee (RM4.50). From RM10,000 to RM99,999.99 Rakuten's scale is 0.1%, and moomoo's total (0.03% + RM3) is lower: 0.0003x + 3 is below 0.001x once x is above about RM4,286, and Rakuten's RM2.88 is below moomoo's at least RM3.03 until RM10,000. Rakuten's flat RM100 above RM100,000 is lower again once 0.0003x + 3 exceeds 100, that is above about RM323,000. Webull (0.05%, min RM2.50) is cheaper than moomoo below about RM15,000.

US stocks#

• Commission: 0.03% of transaction amount (rounded up to USD0.01 per order)
• Platform fee: USD0.99 per order
• Settlement fee: USD0.003 per share, maximum 1% of the trade amount
• Other pass-through fees: SEC fee on sells (USD0.0000206 x amount, min USD0.01), CAT fee USD0.000003 per share, Malaysian stamp duty, ADR custodian fees of USD0.02 to USD0.05 per share on average where relevant (moomoo's ADR fee page; the US fee table gives USD0.01 to USD0.05)
• Currency conversion: done in the app at real-time rates provided by an upstream bank. The help centre does not state a spread, so we do not quote one.

For a USD1,000 purchase of 50 shares at USD20: commission USD0.30, platform fee USD0.99, settlement USD0.15, so about USD1.44 before CAT and Malaysian stamp duty. Fractional orders under one share have their own fee line (commission waived, 0.99% of the amount capped at USD0.99).

Custody fee on foreign stocks#

An earlier version of this guide stated a 0.03% a year custody fee with a USD1.20 monthly minimum. The Malaysia fee pages we read (US stocks, ADR fees, other service fees) do not list one, so that claim is removed (HELD if it exists in the T&Cs, which we did not read). What the pages do list is ADR custody fees passed through from depositary banks, typically USD0.02 to USD0.05 per share, and Malaysian stamp duty on US trades.

Other service fees: MYR deposit and withdrawal free; stock transfer in free; stock transfer out of Malaysian stocks costs RM10 per share per transaction charged by Bursa plus RM10 per transaction by moomoo; US stocks USD60 per share per transaction.

Platform#

Mobile app#

moomoo's navigation and pricing pages list:

• Quotes: the pricing page says US quotes include 60 levels free after account opening and Malaysian quotes 3 levels free
• Paper trading (listed under Tools)
• US options and futures
• Earnings and financial calendars
• Community feed and a Cash Plus feature (the rate changes; check in app)

Web platform#

moomoo's site offers a desktop download and a "web" site for its learning and community content. We did not verify whether full order entry is available in a browser, and we could not read Tiger's platform pages, so we make no claim about which broker has a web platform.

Account Opening#

The help centre says the application inside the app takes about 3 to 5 minutes and review takes about 1 to 3 working days. You photograph your identity document, enter your tax identification number, employment and financial details, and complete a risk questionnaire. For a Malaysian citizen or permanent resident, the help centre says a proof of address is needed only if your residential address does not match your IC address; other nationalities always need one.

Minimum deposit: its pricing page says "no minimum amount is required". You get a Universal Account that trades across markets; subscribing to Malaysian IPOs needs an additional CDS Account-IPO (CDS account opening fee RM0).

Regulation and Safety#

• Regulated by: Securities Commission Malaysia (CMSL no. eCMSL/A0397/2024, as stated on moomoo's pages)
• Bursa status: not re-checked (HELD)
• US stocks: the pricing FAQ says international orders are routed through Futu Securities (Hong Kong) with designated custodians. SIPC protects up to USD500,000 including USD250,000 for cash at a SIPC-member broker (SIPC's own page), but we did not find which entity holds a Malaysian client's US shares, so confirm before relying on it (HELD). SIPC covers broker failure, not investment loss.

What moomoo Doesn't Offer#

• Withdrawals in other currencies: only ringgit withdrawals to a Malaysian bank are supported, and third-party platforms are not supported
• Fixed deposits are not a banking product
• Tax-advantaged accounts: Malaysia has no ISA equivalent. This guide does not rely on a capital gains tax claim; see our tax guides for the current position
• Margin is optional and priced at 6.8% a year on the formula above

We did not verify whether moomoo Malaysia offers unit trusts, bonds or sukuk, so we make no claim either way.

Who moomoo Malaysia Suits#

May fit:

• Investors who want Bursa and US markets in one account
• Investors trading Bursa orders from about RM15,000 to about RM323,000, where 0.03% plus RM3 is below both Webull's 0.05% and Rakuten's scale (before SST and promotions)
• New users who can use the 180-day RM0 commission promotion (platform fees may still apply; read the terms)

Less ideal:

• Investors making many small Bursa orders, where the RM3 platform fee per order matters
• Investors who prefer a simple, stripped-down interface (a judgement, not a figure)

moomoo vs Tiger Brokers: Which to Choose?#

We could not read Tiger Brokers Malaysia's pricing, so the earlier side-by-side of fees, web platform and custody fees is removed. To compare, put moomoo's published fees (0.03% commission plus RM3 per order for Bursa; 0.03% plus USD0.99 per order for US) next to the figures on Tiger's own pricing page, and check the foreign-stock custody terms on both.

Bottom Line#

moomoo Malaysia's published Bursa fee is 0.03% commission plus RM3 per order, with a 180-day RM0 commission promotion for new users, and its US fee is 0.03% plus USD0.99 per order. That is not the "USD0.0049 per share, USD0.99 minimum" and "0.03% custody fee" structure this guide previously stated. Read the live fee pages before you trade, and compare with Tiger and Webull.

Related Guides#

• Webull Malaysia Review 2026 — moomoo's closest rival, compared head-to-head
• Best Online Stockbrokers in Malaysia 2026
• How to Invest in US Stocks from Malaysia
• Best Robo-Advisors in Malaysia 2026
• EPF Members Investment Scheme: How to Invest Your EPF

Amendment, 17 October 2026. We re-read moomoo Malaysia's pricing page, About page and Malaysia help-centre fee, withdrawal, currency, account-opening and account-type pages and saved them in docs/verification-log/evidence-batch-a-oct17. Corrected: Bursa fee is 0.03% commission plus a RM3 platform fee per order (the guide said "0.03%, minimum RM3"); US fee is 0.03% commission plus USD0.99 per order plus USD0.003 per share settlement (the guide said USD0.0049 per share, minimum USD0.99, plus a USD0.005 per share "platform fee"); stamp duty cap is RM1,000 for shares, RM200 for warrants and REITs (the guide said RM200); moomoo entered Malaysia in 2024 per its About page (the guide said 2023). Fractional US shares exist (the guide said minimum 1 share). Removed as unsupported: 0.03%/year custody fee with USD1.20/month minimum and its table, "0.3% to 0.5%" FX spread, "over 2 million paying clients", PwC audit, "wholly owned subsidiary", "40+ indicators", the ASX market, Tiger comparison claims, and the "Rakuten charges RM8 minimum" comparison. Confirmed: 0.03% Bursa clearing fee (max RM1,000), MYR withdrawal 1 to 3 business days and free, RM0 deposit, 180-day RM0 commission promotion for new users, margin formula 6.8%, SIPC USD500,000 / USD250,000, licence eCMSL/A0397/2024. Held: Bursa Participating Organisation status, US custodian entity, web platform order entry, Tiger fees.

Amendment, 17 October 2026 (follow-up, evidence batch I). We re-fetched moomoo's pricing page, the Malaysia help-centre fee, withdrawal, currency, account-type, account-opening and proof-of-address pages and its About page (moomoo again served a script challenge page on some requests; we waited and kept only complete pages, with no workaround), and saved them in docs/verification-log/evidence-batch-i-oct17 with their URLs, sizes and hashes (the 17 October amendment above cited the pages without recording URLs). Confirmed (unchanged): Bursa commission 0.03% plus RM3 platform fee per order, clearing fee 0.03% (maximum RM1,000), stamp duty caps and the ETF exemption to 31 December 2028, 8% SST from 1 October 2025, US commission 0.03% plus USD0.99 per order, USD0.003 per share settlement fee, SEC and CAT fees, ADR custody fees of USD0.02 to USD0.05 on average (ADR fee page; the US fee table gives USD0.01 to USD0.05), stock transfer-out fees, 180-day RM0 commission for new users, margin formula at 6.8%, no minimum amount, licence eCMSL/A0397/2024, 3 to 5 minute application and 1 to 3 working day review, MYR withdrawals free in 1 to 3 business days, ringgit-only withdrawals, Universal Account with Stock Connect access, routing through Futu Securities (Hong Kong), US quotes free to 60 levels and Malaysian quotes to 3 levels. Corrected: the proof-of-address sentence now says what the help centre says: not required for a Malaysian citizen or permanent resident whose residential address matches the IC address, required if it does not, and required for other nationalities. Still HELD: Bursa Participating Organisation status, the US custodian entity, browser order entry and Tiger.

Amendment, 17 October 2026 (review follow-up). Corrected: the ADR custody fee. The ADR fee page (saved as moomoo-fees-adr-topic9_88.html) says "$0.02 to $0.05 per share on average"; the US fee table gives USD0.01 to USD0.05. The body and the amendment above now give both.