Moomoo Demo Account
Paper trading in the moomoo app: virtual cash, real-time Malaysian, US and Hong Kong prices, no deposit.
Open Moomoo Account →Yes. Paper trading is free in the moomoo app, uses real-time market data and does not require a funded brokerage account.
Why use a demo first
- Paper trading is free in the moomoo app and does not need a funded brokerage account.
- Virtual accounts open automatically for the US, Malaysian and Hong Kong markets.
- Prices are real-time market data, so orders behave like the real thing.
- Practise share, options and futures orders and get used to the order ticket.
- A paper account cannot lose or make you real money, and it cannot reproduce the nerves of a real position.
Paper trading is the cheapest way to find out whether you actually enjoy watching a Malaysian portfolio day to day, before ringgit is involved. The one thing it cannot teach you is how you behave when the money is real.
From demo to live
When you are ready, open the live account, verify with MyKad or a passport and fund it in ringgit through FPX. Paper trading stays available afterwards, so you can keep testing an idea without putting real money behind it.
Open a Demo or Live Account →Frequently asked questions
Is Moomoo paper trading free?
Yes. Paper trading is free in the moomoo app, runs on real-time data and does not need a brokerage account. Virtual accounts open for the US, Malaysian and Hong Kong markets.