Last Updated on November 28, 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:
[🎁 p.s. Exclusive 2x RM20 cash coupons for No Money Lah readers! Use promo code ‘NML01’ when depositing to claim your exclusive reward. Refer to ‘Account Opening & Deposit Promotion’ section of this article to find out more!]
Table of Contents
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:
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.
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.
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:
As an example, check out how I can view the overall & individual performances of the companies that fall under the ‘EV Charger’ concept:
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).
In addition, you can also spot the price where most investors bought their shares based on how long the horizontal bar is:
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:
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 2/6/2025)
Get 3 exclusive perks when you open your moomoo MY universal account using my referral link:
#1 Trading perks:
#2 Account Opening and funding promotion* (*ending 28/4/2025. T&C applies)
- Deposit a cumulative amount of at least RM1,000, and enjoy:
- 2x RM25 stock cash coupons. Reward will be issued and activated immediately after achieving a cumulative net deposit of RM1,000 and clicking the ‘Claim’ button on the campaign page during the campaign period. The stock cash coupon will be valid for 90 days from the date of issuance.
- 1x RM50 cash coupon. Reward will be activated if you maintain at least RM1,000 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 a small value fluctuations of your holdings after depositing will not affect the unlocking of rewards – the key is to maintain a minimum net deposit of RM1,000 throughout the 60 days. However, if the loss of holding value >20%, the locked-in task may fail. In this case, please contact customer service to reissue the bonus.
- Deposit a cumulative amount of at least RM5,000, and enjoy:
- RM200 worth of Nvidia stock. This is on top of the rewards from the previous tier, bringing the total reward value to RM300.
- Rewards will be activated if you maintain at least RM5,000 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 a small value fluctuations of your holdings after depositing will not affect the unlocking of rewards – the key is to maintain a minimum net deposit of RM1,000 throughout the 60 days. However, if the loss of holding value >20%, the locked-in task may fail. In this case, please contact customer service to reissue the bonus.
- Deposit a cumulative amount of at least RM10,000, and enjoy:
- RM500 worth of Nvidia stock. This is on top of the rewards from the previous tiers, bringing the total reward value to RM800.
- Rewards will be activated if you maintain at least RM10,000 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 a small value fluctuations of your holdings after depositing will not affect the unlocking of rewards – the key is to maintain a minimum net deposit of RM1,000 throughout the 60 days. However, if the loss of holding value >20%, the locked-in task may fail. In this case, please contact customer service to reissue the bonus.
- Deposit a cumulative amount of at least RM30,000 and complete 3 Buy trades, and enjoy:
- RM1,000 worth of Nvidia stock. This is on top of the rewards from the previous tier, bringing the total reward value to RM1,800. (*limited to first 5,000 users, first come first served basis)
- 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 a small value fluctuations of your holdings after depositing will not affect the unlocking of rewards – the key is to maintain a minimum net deposit of RM1,000 throughout the 60 days. However, if the loss of holding value >20%, the locked-in task may fail. In this case, please contact customer service to reissue the bonus.
- 5% p.a. Return with Cash Plus funds up to 30 days and limited to a subscription of RM10,000 only
- Applicable to a successful first subscription to any of the following 3 Cash Plus funds – United Money Market Fund-Class R/Maybank Retail Money Market-I Fund/Eastspring Investments Islamic Income Fund-Class R.
- Minimum subscription of RM0.01, up to RM10,000, valid for 30 days.
#3 [No Money Lah Exclusive] Free 2x RM20 cash coupons (Promo Code: NML01)
- Use my promo code ‘NML01‘ while you make a first deposit of RM1,000, and receive:
- 2x FREE RM20 cash coupons will be issued within 7 days upon successful deposit.
- Reward will be activated if you maintain at least RM1,000 or more in assets (cash, stocks, and other assets included) for 60 days.
- Note: You are free to trade stocks during the 60 days 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 RM1,000 throughout the 60 days.
- Upon completing the task above, the cash coupon will be automatically credited to your account balance within 5 working days.
Here’s how to claim your exclusive 2x RM20 cash coupons:
[Reminder] Remember to claim your account-opening perks! (Under ‘Me’ > ‘Promotion’ > Click to redeem your account opening and deposit reward)
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.
Hi Chin,
may I know any surcharge fee for US stock executed at a share price under $1.00?
Hi Angie,
No additional fee from Moomoo as far as I am concerned. For more info can check out my review here: https://nomoneylah.com/2024/07/01/moomoo-malaysia-review/#Moomoo_MY_fees_pricing_for_the_US_and_Malaysia_stock_markets
Regards,
Yi Xuan