Trading platform and superapp moomoo is now live in Malaysia, enabling local investors to trade Malaysian and US stocks with greater convenience and flexibility. Offering a suite of cutting-edge tools to help simplify the investment journey for Malaysians, new users who open a moomoo Malaysia universal account and meet specified requirements are now also eligible for some exclusive perks, including a free Apple share.

In a statement, moomoo – which is owned by Hong Kong-based Futu Holdings – noted that investors will have access to over 1,000 Malaysian and 9,000 US stocks, as well as exchange-traded funds (ETFs) via its platform. They can also tap into AI-powered analytical tools, research resources, advanced charting capabilities, real-time data, and updated news sourced from over 150 media agencies – allowing them to make informed decisions promptly.

“Moomoo MY universal accountholders will have complimentary access to Level 1 MY stock 3 market depth and Level 2 US stock 60 market depth quotes. The platform will also offer zero-commission trading on stocks and ETFs for both Malaysia and US markets for a limited time period,” moomoo shared, adding that its pro-level analytical tools also included Heatmap, Stock Screener, Institutional Tracking, and Market Monitor.

To note, the 0% commission fee is provided for 180 days to all new users, after which it will revert back to the standard 0.03% charge. Take note, too, of the platform fee charged by moomoo, which stands at RM3 per order for Malaysian stocks, ETFs, REITs, and warrants, and US$0.99 per order for US stocks, ETFs, and REITs. This is in addition to other standard charges that you will also incur, such as the stamp duty and clearing or settlement fee.

Aside from delivering a seamless trading experience, moomoo said that it is also dedicated to advancing financial literacy among Malaysians. Accordingly, its features also include Moo Learn, which offers over 600 complimentary investment courses for both novice and experienced investors to enhance their knowledge.

Complementing this is the Moo Community, which connects over 1,000 experts and key opinion leaders within a global investment community of over 21 million members. It acts as a hub for collaborative learning, where members can exchange ideas and insights as they support each other’s growth and development. Investors can also tap into moomoo’s Paper Trading feature, where you practise trading with virtual money in real market conditions, before you venture into actual trading.

“Malaysia with a relatively young population has seen a growing interest in self-directed investing. The country’s commitment to technological development and innovation led us to choose it as the second destination for expanding our presence in Southeast Asia after Singapore. With Malaysia’s flourishing fintech landscape and supportive regulatory framework, there exists a clear demand for innovative investment solutions,” said the senior partner and senior vice president of Futu Holdings (SEA and Oceania), Robin Xu.

Meanwhile, chief executive officer of moomoo Malaysia, Ivan Mok said that the platform will greatly empower Malaysians who are interested in self-directed investing. “Our users benefit from unrestricted access to pro-grade tools and resources, typically associated with premium services. This reinforces our commitment to levelling the playing field, making self-directed investing simple, easy, and accessible to everyone, regardless of their experience level,” he said.

To commemorate the occasion, moomoo is now offering numerous exclusive benefits for Malaysian investors who open an account with them between today until 31 March 2024. Chief of all is the chance to win a free Apple share when you successfully open a moomoo MY universal account and deposit a total of RM8,000 into the account.

Meanwhile, those successfully open an account with a cumulative deposit of RM500 will receive RM100 cash rewards, in the form of one RM50 cash coupon and five RM10 stock cash coupons. Additionally, traders who perform at least one transaction using their account during the promotion period will receive one month of free access to Level 2 Malaysia market data; you can accumulate up to six months of complimentary Level 2 Malaysia market data during this period.

If you’re interested in testing out the new moomoo app and earning the exclusive new user benefits, you can download it for free from Google Play or the App Store. The platform has been licensed by the Securities Commission Malaysia (SC) to operate within Malaysia, and is among the first global digital brokerage firms to be granted the Capital Market Services License in the country.

• TAGS:
• Futu Holdings
• Ivan Mok
• Moo Community
• Moo Learn
• moomoo
• Robin Xu
• Shares
• Stock Trading
• Stocks
• Trading
• US Stocks