Last Updated on July 1, 2024 by Chin Yi Xuan

Moomoo Malaysia, one of the fastest-growing investment platforms has recently expanded to Malaysia and is open for trading for the US and Malaysia stock markets!

In this post, let me show you my top 5 favorite features within the Moomoo app that will help you become a better investor!

RELATED POST:

  • Moomoo Malaysia (MY) review (coming soon!)

Highlights of Moomoo MY:

  • Locally-regulated broker: Moomoo MY is regulated by the Securities Commission Malaysia (SC). This ensures that Moomoo MY’s operation and business are conducted within the rules set by the authority to protect Malaysian investors.
  • Access to US and Malaysia stock markets: Invest in the US and Malaysia stock markets within the Moomoo app.
  • Best fee structure for Malaysia-regulated brokers: Moomoo MY offers the most competitive fees for the US and Malaysia stock markets among Malaysia-regulated brokers, with 0 commission trading for all Moomoo users for the first 180 days.
  • Powerful features: Investors of all levels and experience will appreciate the useful features that will alleviate their investing experience, such as a powerful stock screener, 24/7 news, Moo community, and more.

My short summary:

I am pleasantly impressed by how the Moomoo trading app can offer so many feature-packed tools while keeping the app so simple to navigate around.

It is truly one of the most feature-rich yet easy-to-use investing apps available in the market now.


My Top 5 Favourite Features of Moomoo MY:

Feature #1: FREE level 2 US market data when you register for your Moomoo MY account

While most brokers will make users pay for level 2 data, Moomoo MY gives you level 2 US market data for FREE when you register for your account.

What exactly is Level 2 US market data?

Essentially, Level 2 US market data allows you to see transaction details (ie. Buy & sell activities) across multiple price levels:

Get FREE level 2 data when you register for your Moomoo Malaysia account.
Get FREE level 2 US market data when you register for your account.

Having level 2 US market data is equivalent to having an aerial view of the market. For instance, with Level 2 US market data, you can detect in real-time should buyers are buying aggressively (or vice versa) and make better entry decisions.

In short, with level 2 US market data, you can get a better gauge of market strength.


Feature #2: Get big-picture business views via ‘Industry Chain’

‘Industry chain’ is also one of my favorite features in the Moomoo app. With Industry chain, you can have a big-picture view of a specific industry.

Moomoo Malaysia: Industry Chain allows you to see a big-picture view of different industries.

For instance, you can instantly learn how the whole Electric Vehicle (EV) industry work, alongside companies that fall under each segment.

In addition, you can also discover what companies are there in a specific role in the business chain in an ecosystem.

Simply put, you can gain a big picture of any industry that you are interested to learn.

Moomoo Malaysia: Industry Chain allows you to see a big-picture view of different industries.
Industry Chain allows you to gain a big-picture view of different industries.
Where to find: 'Markets' > 'US' > 'Industry Chain'

Feature #3: Track the performance & insights of a specific theme with ‘Concepts’

Concepts is a unique feature within the moomoo app that allows you to track the overall performance and news of companies that fall under a specific theme, such as ‘EV charger’, ‘Gene Editing’, 5G, and more:

Moomoo Malaysia: With 'Concepts', track the overall performance and news of companies that fall under a specific theme, such as 'EV charger', 'Gene Editing', 5G, and more:
Track different themes with ‘Concepts’ via the Moomoo app

As an example, check out how I can view the overall & individual performances of the companies that fall under the ‘EV Charger’ concept:

Moomoo Malaysia: With 'Concepts', track the overall performance and news of companies that fall under a specific theme, such as 'EV charger', 'Gene Editing', 5G, and more:

With Concepts, you can have a clear view of how certain themes perform, as well as research for a specific theme with ease – all within the moomoo app.

Where to find: 'Markets' > 'US' > 'Concepts'

Feature #4: See what other investors are doing with Market Position Overview

Another useful feature of the Moomoo app is Market Position Overview. Essentially, it shows the number of shares held at different prices by investors in an easy-to-see visual.

As an example, in this example of Apple (AAPL) stock below, we can see that most Apple shareholders are in a profitable position (shown in green), as their entry price is below the market price ($195).

Moomoo Malaysia: I can also see the price levels where most Apple shareholders accumulated their shares via Market Position Overview.
Moomoo: Market Position Overview shows where other shareholders got into their positions.

In addition, you can also spot the price where most investors bought their shares based on how long the horizontal bar is:

Moomoo: I can also see the price levels where most Apple shareholders accumulated their shares via Market Position Overview.
Where to find: Search for a stock > 'Market Position Overview' 

Feature #5: One of the most flexible stock screeners around

The stock screener within the Moomoo app also impressed me. This screener can be super simple, or as sophisticated as you want.

From fundamental to technical filters, you can filter for stocks based on your preferred criteria:

The stock screener in the Moomoo app is one of the most versatile I've ever used.
The stock screener in the moomoo app is one of the most versatile I’ve ever used.

It is definitely one of the most complete stock screeners within an investing app that I’ve used in my investing journey so far.

Where to find: 'Markets' > 'US' > 'Screener'

Other useful features within the Moomoo app:

  • #1 Gauge bearish sentiment via Short Sale Analysis

Short sale analysis is a solid feature that allows you to identify (i) the volume of a company’s shares that are being shorted in the market, and (ii) the percentage of shares that are being shorted but not yet closed (ie. People that are betting for the market to go down) in the market.

This is a very useful feature to gauge the market’s bearish sentiment on a specific stock.

Where to find: Search for a stock > 'Short Sale Analysis' 
  • #2 Use Trade Overview to confirm your conviction

With Trade Overview, you can identify the movement of funds in and out of a specific stock.

Furthermore, you can go further by looking at the capital flow breakdown of XL, L, M, and S orders.

This can give you an idea of whether the stock you are looking to buy has the conviction of other players (big or small) in the market.

Where to find: Search for a stock > 'Trade Overview' 
  • #3 Get real-time, 24/7 financial news in the moomoo app

It is also extremely convenient to get the latest financial news in the moomoo app.

Even better, the news is real-time and updated 24/7, making it easy for you to get in touch with the latest updates of the market and the companies that you are investing in.

Where to find: 'Discover' > 'News'

🎁 Account Opening & Deposit Promotion (ending 15/8/2024)

Moomoo MY is constantly running promotions for new users:

#1 Trading perks:

Moomoo Malaysia Commission-Free and Free market data latest promotion July and August 2024

#2 Account Opening and funding promotion* (*ending 15/8/2024. T&C applies)

  • Deposit a cumulative amount of at least RM1,000, and enjoy:
    • 1x RM50 and 2x RM25 stock cash coupons. Reward will be activated if you maintain at least RM1,000 or more in assets (cash, stocks, and other assets included) for 60 days.
  • Deposit a cumulative amount of at least RM10,000, and enjoy:
    • 4x RM50 and 2x RM100 stock cash coupons. Reward will be activated if you maintain at least RM10,000 or more in assets (cash, stocks, and other assets included) for 60 days.
  • Deposit a cumulative amount of at least RM30,000 and complete 3 Buy trades, and enjoy:
    • 1x guaranteed Nvidia (NVDA) stock.
    • Reward will be activated if you maintain at least RM30,000 or more in assets (cash, stocks, and other assets included) for 60 days.
    • Note: You are free to trade stocks during the lock-in period, and the value fluctuations of your holdings after depositing will not affect the unlocking of rewards – the key is to maintain a minimum net deposit of RM30,000 throughout the 60 days. 

[Reminder] Remember to claim your account-opening perks! (Under ‘Me’ > ‘Promotion’ > Click to redeem your account opening and deposit reward)

Moomoo Malaysia (MY) account opening promotion

Disclaimers

All views expressed are the independent opinions of myself, which are not necessarily shared by Futu 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 I may receive certain commissions. Please contact Moomoo MY for more information.