Last Updated on April 4, 2025 by Chin Yi Xuan
You’ve probably come to this article as you are unsure if you should use moomoo MY as your go-to platform to build your investment and trading portfolio.
Over the past 1 year since its launch in Malaysia, I’ve received many inquiries on moomoo MY.
In today’s post, I’d like to address the most-asked question of all:
Is moomoo MY a trustworthy and reliable platform to invest and trade stocks?
In this post, I’ll focus my research on the reliability of moomoo MY as a trading platform – let’s go!
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Table of Contents
Highlights: I didn’t trust Moomoo, until I learned that…
- It is a locally-regulated broker in Malaysia: 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.
- My funds in moomoo MY are safe & protected: Moomoo MY clients’ fund is protected by Capital Market Compensation Fund (CMC Fund), allowing me to claim up to RM100,000 on eligible Malaysia securities/assets in the unlikely event that moomoo MY is unable to pay clients due to bankruptcy or fraud.
- It is owned by a publicly-listed company: Moomoo MY’s parent company, Futu Holdings is publicly listed in the US (NASDAQ: FUTU) with a market cap of over USD 16 billion as of Financial Year (FY) 2024.
- Futu Holdings is a strong brand & reliable brand for securities trading: Aside from Malaysia, FUTU has a growing & strong presence in the US, Canada, Australia, Japan, Singapore, and Hong Kong, with over 25 million global users.
What is Moomoo Malaysia (MY)?
Moomoo MY (registered under the name Moomoo Securities Malaysia Sdn. Bhd.) is Malaysia’s top one-stop trading platform that offers access to the stock market in addition to the most updated financial news, investment education, and community learning.
Its parent company, Futu Holdings, is listed in the US stock market (NASDAQ: FUTU).
Who are FUTU largest shareholders?
Founded in 2007, Futu Holdings is listed in the US stock market (NASDAQ) in 8th of March, 2019.
As of March 2025, FUTU 2 major shareholders are the CEO of FUTU, Mr Leaf Hua Li (36.6%), with backing from Tencent Holdings (20.55%) – the largest publicly-listed company in Hong Kong by market cap. Aside from that, BlackRock and Morgan Stanley also own a stake of 1.92% and 1.73% in FUTU respectively:
How is Moomoo MY regulated + Safety of Funds
(1) Regulated by Securities Commission Malaysia (SC)
In terms of regulation, Moomoo MY (registered under the name Moomoo Securities Malaysia Sdn. Bhd.) is regulated by the Securities Commission Malaysia (SC), with a Capital Markets Services License to operate a legal brokerage business:
(2) Member & trading participant of Bursa Malaysia
As a trading participant of Bursa Malaysia, Moomoo MY must adhere to just & equitable principles, act with due skill, care, and diligence, and ensure the market remains orderly and fair.
In other words, moomoo MY must ensure its business activities are run as per the best practices & rules set by the authority:
(3) Moomoo MY does not have access to your funds and assets
To ensure clear transparency and avoid fraud, clients’ funds are kept separately from moomoo MY’s finances through a custodian bank account.
This also ensures that if something happens to moomoo MY (eg. Bankruptcy), your funds & assets will not be affected.
(4) Your funds are protected by Capital Market Compensation Fund (CMC Fund)
As an additional layer of security, Moomoo MY clients’ fund is protected by Capital Market Compensation Fund (CMC Fund).
This allows clients to claim up to RM100,000 on eligible Malaysia securities/assets in the unlikely event that moomoo MY is unable to pay clients due to bankruptcy or fraud.
p.s. One thing to note is that just like all other brokerages in Malaysia, Moomoo MY is not covered under Perbadanan Insurans Deposit Malaysia (PIDM) which covers eligible deposits up to RM250,000 per depositor per member bank. Instead, moomoo MY’s clients are covered under the Capital Market Compensation Fund as mentioned above.
How Moomoo MY is establishing a strong presence in the investing community
In this section, I’ll take an aerial view and explore not just Moomoo MY, but its parent company, Futu Holdings, as a business:
Part 1: moomoo business in Malaysia
Moomoo MY is launched in Malaysia in late February 2024. At the time of this writing, it has been more than 1 year from the launch.
Moomoo MY started by offering access to the Malaysia and US stock markets, which then incrementally introduced features such as:
- Access to Malaysia, US, Singapore, Hong Kong, and China stock markets
- The first Malaysia-regulated broker to offer options trading for the US market
- Cash Plus feature, consisting of low-risk, competitive yield funds for idle cash
- Fractional share trading for US market and odd lots trading for Malaysia & Hong Kong markets
- One-stop e-IPO subscription while offering margin facility to subscribe to IPO
- And many more
For more in-depth review of moomoo MY features and pricing, check out my full review HERE.
Within 7 months of operation, moomoo MY has attracted 500,000 users, with an average of 2,300 new sign-ups daily, demonstrating strong market recognition.
Part 2: moomoo Business around the world
moomoo MY’s parent company, Futu Holding (FUTU), has been established for 12 years and was listed on the NASDAQ exchange in 2019.
Besides Malaysia, FUTU has securities businesses in the US, Canada, Australia, Japan, Singapore, and Hong Kong, with over 25 million global users.
In other words, the entities of FUTU are licensed & regulated by the respective authorities of the countries they are in:
- US: Regulated by the US. Securities and Exchange Commission (SEC) and National Futures Association (NFA)
- Singapore: Regulated by the Monetary Authority of Singapore (MAS)
- Australia: Regulated by the Australian Securities and Investments Commission (ASIC)
- Canada: Regulated by the Canadian Investment Regulatory Organization (CIRO)
- Malaysia: Regulated by the Securities Commission Malaysia (SC)
Is FUTU, Moomoo MY’s parent company thriving as a business?
With growing presence globally, FUTU has achieved steady growth throughout the years.
That said, how does FUTU make money?
As of the latest Financial Year (FY) 2024, FUTU’s key revenue comes from Interest Income (49.06%) and Brokerage Commission (44.48%).
While it is no secret that Interest Income and Brokerage Commission are 2 important sources of income for a brokerage business, FUTU’s unique expansion strategy is what makes the company shine:
As of the Financial Year (FY) 2024, FUTU has acquired more than 25 million registered users globally.
By growing their presence via competitive fees and quality products & service, it has helped accelerate FUTU’s customer acquisition. With this trajectory, I am optimistic about FUTU’s growth as a company.
#1 Steady Revenue & Net Income Growth:
FUTU has delivered steady growth in revenue and net income over the years.
In Financial Year (FY) 2024, FUTU achieved a USD1.75B in revenue (+36.52% growth) and USD699.56M in net income (+27.66% growth) respectively.
#2 Steady growth delivered continuous value to investors
FUTU’s steady growth has been rewarding to investors in return.
For instance, FUTU’s Earning-Per-Share (EPS) continued to grow with time, hitting USD5.01/share in FY 2024, a 27.79% growth over the previous year.
FUTU’s Return on Equity (ROE) has also been encouraging at 20.71% in FY2024 (+9.86% growth over previous year). A positive and growing ROE indicates that FUTU is utilizing investors’ capital efficiently to grow the company.
#3 A healthy margin and efficient headcount
FUTU also runs its business at a healthy margin of 39% to 40+% over the years.
A key advantage of FUTU as a digital brokerage over traditional brokerages is the company’s ability to:
- Leverage on technology (eg. online account opening and customer support) and;
- Rely less on physical space, resulting in a more efficient business which translates to a more profitable business model.
Despite the company’s expansion, FUTU ensures that revenue continues to grow with every hire (headcount).
🎁 Account Opening & Deposit Promotion (ending 28/4/2025)
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 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.
- 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.
- 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 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 RM5,000 throughout the 60 days.
- 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 tier.
- 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 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 RM10,000 throughout the 60 days.
- 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. (*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 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.
- 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)
No Money Lah’s Verdict: Featureful & reliable trading platform for all Malaysians
So there you have it – my walkthrough on Moomoo MY’s background as a brokerage and the business of its parent company (FUTU).
I hope this gives you a clearer picture of moomoo and the progress the team made over the years, as a display of their commitment to serve the global community when it comes to wealth-building and investing.
If you have any questions, feel free to leave your them at the comment section!
Disclaimers:
All views expressed are the independent opinions of myself, which are not shared by Moomoo Securities 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.
