How to Open a Moomoo Account in Malaysia
What a Malaysian resident needs to open and fund a Moomoo account, step by step.
Open Moomoo Account →Download the moomoo app, register with a Malaysian mobile number, complete the application and identity check, add a CDS account if you want Malaysian IPOs, then fund in ringgit by FPX or bank transfer.
What you need to open an account
- A Malaysian mobile number and an email address
- MyKad for Malaysian citizens, or a passport for other residents
- Proof of your Malaysian residential address
- Bank details in your own name for funding and withdrawals
How long: Registration takes a few minutes in the app; identity checks are handled by Moomoo and the timing is confirmed in your application.
Eligibility: Open to Malaysian residents aged 18 and over.
Step by step
- Download the moomoo app from the App Store or Google Play, or install moomoo desktop.
- Register with your Malaysian mobile number or email address and set a password.
- Complete the application with your personal and Malaysian residential details.
- Verify your identity with MyKad, or with a passport if you are a non-citizen resident.
- Add the CDS account if you want to subscribe to Malaysian IPOs; Moomoo advertises RM0 CDS account fees.
- Fund the account in ringgit by FPX, bank transfer or GXBank Express Deposit, from a bank account in your own name.
- Place your first order, or rehearse it first in the app's free paper trading.
Two Malaysian specifics are easy to miss. Subscribing to Bursa IPOs needs the CDS account, which is opened separately from the trading account; and the bank account used for FPX or a transfer has to be in the same name as the trading account, or the deposit is returned.
Before you deposit
It is worth starting with a free demo account to get comfortable with the platform and test your strategy with virtual funds first.
Who you are opening an account with
| Detail | Moomoo Malaysia |
|---|---|
| Legal entity | Moomoo Securities Malaysia Sdn. Bhd. (202101039212 (1439512-V)) |
| Regulator | Securities Commission Malaysia |
| Licence | Capital Markets Services Licence eCMSL/A0397/2024 |
| Markets | Bursa Malaysia, US, Singapore, Hong Kong, China A |
| Products | Shares, ETFs, REITs, options, futures, IPO subscriptions |
| Platforms | moomoo app, moomoo desktop, TradingView integration |
| Funding | Ringgit via FPX, bank transfer or GXBank Express Deposit |
| Commission | RM0 (Bursa) and US$0 (US) for 180 days for new users |
| Not offered | Forex, CFDs, MetaTrader 4 and MetaTrader 5 |
Details as published by Moomoo Securities Malaysia Sdn. Bhd.. Terms change: confirm the current licence status on the Securities Commission Malaysia register and the current fees on Moomoo's pricing page before you deposit.