Moomoo MY

Moomoo MY is finally launched in Malaysia in late February 2024, allowing Malaysians to trade the US and Malaysia stock market at a highly competitive fee. I think from my perspective it is the only investment platform you’ll need to trade US, HK, SIngapore & Malaysia stocks.

Futu Holdings Limited ("Futu") (Nasdaq: FUTU) is an advanced fintech company transforming the investing experience by offering fully digital financial services in multiple markets. 

It  is a global investment and trading platform that provides investors with professional research data and analysis tools. The platform also provides users with the information and tools to make investment decisions.

Founded in Palo Alto, California, in 2018. The Owner and Founder, Chairman & CEO at Futu Holdings Limited is Leaf Hua Li . 

What are fractional shares?

A fractional shares order is a type of US stock order that allows investors to buy or sell fractions of a stock in decimals, instead of requiring whole shares. 

It is  allow you to own less than one whole share of a company, such as buying 0.1 or 0.2 shares.

Fractional trading allows investors to buy and sell stocks at a lower total order cost than the minimum cost of buying or selling 1 whole share.

How to trade fractional shares on moomoo?

Keen to invest in your favorite US stocks, like Apple and Tesla, but have insufficient capital?
Want to make your idle cash work for you but can't afford a full share of a stock?
Don't fret as moomoo's new feature has got you covered! With US fractional shares, you can gain exposure to these leading US companies with an initial investment of as little as US$5. 

In US fractional trading, no "Settlement Fees", "SEC Fees" or "Trading Activity Fees” will be charged for orders less than 1 share. For orders of 1 share or more, the "SEC Fees", "Settlement Fees" and "Trading Activity Fees" will be charged according to the above standard.

Fast Facts :-

Account Minimum: $0

Fees: $0 commissions for stock, ETF, and options

Commission-free US stock, ETF and options trading with no inactivity fees.

In mid-September, Moomoo Malaysia announced the strategic expansion of its investment products, providing Malaysian investors with new opportunities to diversify their portfolios and gain access to some of the world's largest and most dynamic financial markets.

Although it is a newer online trading platform but it surely delivers solid analytical and trading tools with commission-free trading in U.S. stocks, ETFs, and options. It is also provides its customers with access to Chinese A shares and Hong Kong listed stocks. In addition to commission-free trading for these U.S. markets, moomoo also offers competitive margin rates and pays one of the industry’s highest interest rates on uninvested cash balances, making it a viable choice for U.S. stock, ETF, and options traders.

Moomoo Malaysia is fully legal and regulated in Malaysia. Moomoo Malaysia operates under the supervision of the Securities Commission of Malaysia (SC) and is committed to complying with all local regulations and standards. This ensures that your investment is protected.

Licensed by Securities Commission Malaysia

Moomoo Securities Malaysia Sdn. Bhd. (Formerly known as Futu Malaysia Sdn. Bhd.) ("Moomoo MY") is a Capital Markets Services License (License No.: eCMSL/A0397/2024) holder and with the registration number 202101039212 is regulated by the Securities Commission Malaysia (SC).

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