Moomoo Malaysia - Complete Beginner's Guide

[@ZietInvests]

𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡j.moomoo.com/00JRcf 𝗦𝗶𝗴𝗻 𝗨𝗽 𝗳𝗼𝗿 𝗙𝗿𝗲𝗲 𝗦𝗵𝗮𝗿𝗲𝘀 (𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗧𝗶𝗺𝗲)!

[@Leroi2x]

personally i did try not to convert myr to usd , and just straight buy the US ETF , moomoo will use margin to buy ETF , now your account is pending -balance xxx USD to settle , option 1 see how much you are pending , you may convert the exactly amount , option 2 you just leave it there moomoo will auto convert your MYR into USD tomorrow after 9AM in malaysia , i dont see moomoo charge me any interest , the only difference is , option 1 u convert now and u can know the rate for today , option 2 auto convert tomorrow , the rate will follow tomorrow rate , i personaly look for this answer but nobody can answer the correct answer , so i test it myself

[@ZietInvests]

That's an interesting finding, thank you so much for sharing! (Do keep us updated if there's any margin interest fee reflected)

[@oscarmahone]

if you have MYR , and buy US stock, yes it will auto convert next day or so.. But if you only holding USD and buying My stock, it will not autoconvert to myr and will charge interest on daily basis until you replenish the myr balance

[@guan5849]

I also tried to buy US stocks without manually converting MYR to USD. It just did the auto conversion based on next day's rate. I did not notice any other extra charge such as margin interest fee as mentioned in this video. Anyone else can confirm this?

[@AkhiSyahmi_]

@guan5849 I tried it and i can't find any charges to me as well.

[@muhammadimranmalaysia4523]

Dear Moomoo, I have invested in a huge amount through you. So please stop posting your advertisement in my feed!😅

[@ZietInvests]

hahaha!

[@jaysonlim5193]

Cannot trade US Option in MooMoo Malaysia. Wonder if a Malaysian can secure an account with MooMoo Singapore n if they offer US Option platform.

[@ngct4780]

Would u stick with interactive broker or go with moo moo personally and why?

[@aizataziz]

I personally lean towards Moomoo due to its combination of regulatory compliance, usability, and cost-effectiveness.

[@rickdee888]

Hi Ziet. Do you think you can provide a video on how to open and fund an account in MooMoo so that we can use it to subscribe for Malaysia IPO?

[@Jzguan]

Once you bought it, how can you sell?

[@SaadonAksah]

Just tap on the sell menu

[@syxixi]

moomoo unadjust price with gap at stock split make no sense. It is the only software in US has this stupid chart option. Forward/backward adjust distort the chart shape

[@ZietInvests]

Totally get where you're coming from. Maybe they'll add a feature to toggle between adjusted and unadjusted charts in the future.

[@lawrencetehchunshean]

Will you be making a IBKR vs MooMoo comparison video anytime soon?

[@tavindhaliwal]

Hey bro, good video. Can you make a video on how to buy and hold stocks for long term investing portfolio on Interactive Brokers?

[@ZietInvests]

Hi tavin! I actually have a lot of those videos that you can check out! Maybe try starting with this: kzbin.info/www/bejne/hYGZfYZpZa1mm9Esi=vPVcG-QtIyASeGs_

[@limteongchet1530]

How do you make investment in ETFs using Moomoo? Bro, is this a better platform for investment trading compared to Interactive Brokers? Show us the way, sensei...

[@ZietInvests]

Hello~ Investing in ETF or stocks are the same, just have to look up for them using their ticker symbol, for example VOO for Vanguard's S&P 500 ETF - the same applies for all broker! As for moomoo comparison versus IBKR, i have a video on that coming up very soon (am editing it now!)

[@sylee5764]

Hi Ziet, thanks for putting in the effort to develop this video. After listening, I just noticed my account doesn't reflect Moomoo MY.

[@ZietInvests]

Glad it helped sy! Do let us know what else you discovered, it might helps others too!

[@stanlee6436]

HI ziet, like to ask is it possible to transfer stock from stashaway to Moomoo??

[@ZietInvests]

Hello stab, thats not possible ya. You can do it from other stock brokers, but at the moment Moomoo MY has not enabled this feature yet

[@ultimatejy9393]

Huh?? Since when stashaway can buy stocks?

[@EasyFamilyGadget-lj2xk]

If the stock makes dividends pay out, where will the dividends go?

[@WIDOMU]

Hello, so I was wondering how do Moomoo let's you withdraw the money you earned back from stock and deposit back to the bank? (Where can I find the setting for this?) Thanks.

[@SaadonAksah]

Under the transfer and withdraw menu.

[@WIDOMU]

@@SaadonAksah Thank you.

[@jasonffx01]

Noticed that the conversation rate in moomoo is not that good. Also there is no gx bank available in the bank detail

[@ZietInvests]

Hmmm i disagree, 2 of my friends + our telegram community members + myself averaged our conversions around ~0.5% which is very solid. (FYI usually the conversion rate is better during business hours, try not to convert during weekends) GX Bank - actually it is just bank online transfer from ANY bank, so even if its GX Bank or CIMB or MBB etc. also will work, there is no need to choose any funding bank

[@jasonffx01]

@@ZietInvests thanks Ziet, I fund moomoo using gx bank. No issue. I mean for the fund to transfer back local bank, gx bank is not in the list

[@cbong1983]

Ziet, pls do a video on moomoo malaysia acc. How to trade. Sell put option and how to collect the premium

[@hfvz_]

finally getting my free AAPL share after a month 🎉

[@muhammadkhairunizarfarizar9489]

Hi Ziet, I want to ask you if use personal Foreign Currency Current Account is better option to fund our brokerage account than use Wise as third party to fund our brokerage account.

[@ZietInvests]

Hi Khairun, for moomoo MY can just fund with malaysian bank accounts - as they only accept MYR at the moment. For other brokers like IBKR, I use Wise to transfer MYR into them and convert to USD ;) To answer your question - i never tried FCAs before as their conversion rates are typically subpar which means you are paying too much fees

[@muhammadkhairunizarfarizar9489]

@@ZietInvests Oh sorry my bad, I mean for IBKR account. Thank You Ziet.

[@nadesonrao1105]

hi, need some input on the conversion as im trading US Stocks using MYR, will it lead to extra charges apart from the trading fee. TQ

[@ZietInvests]

Hi brother, usually i'd recommend to convert to USD cash first before trading US stocks. As for your question, i cant answer 100% because im not quite sure of their conversion mechanics - as far as im aware of, they will use margin (settled in MYR) to allow you to trade US stocks if you are low in USD cash. But from one of the viewers' comment above, he mentioned that as long as got enough MYR cash then wont kena the margin interest fee... hmmm

[@nadesonrao1105]

@@ZietInvests Thanks bro..i believe thats true as the viewer say...as long enough MYR...btw i have follow your page in moomoo as well, great news content. Pls keep up the good work.....TQ

[@OutSider5112K]

MarginRate:~ MY: 6.8% P.A. US: Not supported yet

[@rickdee888]

Hi Ziet. Can you show me how to use stop limit in Moomooi? THanks

[@ongkianloon91]

Hi Ziet, can Singaporeans apply for Malaysia moo-moo and claim the reward?

[@ZietInvests]

Hi kian loon, I believe Singaporeans can only open Moomoo SG which means SGians are not eligible for the MY welcome reward :x (but moomoo SG does have their own welcome reward too)

[@SaadonAksah]

They have added fpx transfer now 👍

[@ZietInvests]

Yup! Amazinggggg

[@ongkianloon91]

Hi Ziet , may I know is it true moomoo Malaysia under CMSA Capital Market Service Act ? Mean if moomoo go bankrupt we can claim back our money cap at RM100k ? Thanks

[@heeleongong5777]

Dont mind how to configure the TO price before market start?

[@ZietInvests]

Hi there, do you mean TO = Trigger Order? If i understand your question correctly, you can set you BUY/SELL order (Limit Order type + Day or GTC) even before the market opens (but preferably do during pre-market hours) - tho they tend to reject orders placed during non-trading hours for some reason

[@heeleongong5777]

@@ZietInvests what is mean is TOCP Theoretical Opening Price, still figure out how to configure it in desktop i know normally mobile version do not have same in mplus n RHB they dont have in mobile version. i do find momo desktop platform very informative and try to used a single platform rather than few platform to check which drag my connection/system become slower.

[@rickdee888]

I am having a hard time to deposit money into MooMoo CDS account-IPO. Do you mind show how?

[@MRDURANKAR]

Hello Ziet! Would like to know how moomoo would compare to using tiger trades to invest in the US stock market from Malaysia

[@Max-li6cm]

Great sharing as always, just would like to ask is there Good to cancel ‘GTC’ feature in the broker? I can’t find it. Thanks

[@ashiro6704]

Hi Ziet. I’ve never converted done any foreign currency for investing before. For that part to fill in, i put RM1 as it doesn’t allow RM0. Did i do wrongly 😢

[@ZietInvests]

hmmm, try larger amount? it shouldnt be more complicated beyond pressing that convert button @@

[@shabinasakura3344]

Hai I never do investment before and this is my first time well not my first time actually I got scammed by this investment saying if you put 360 you'll get 15,000 but in the same time you have to pay interest 1500 which is out of my paycheck so I'm cash broke and now I want to learn about investing hope it will help my financial 😢

[@ericong9876]

[@ZietInvests]

Thanks for always dropping by eric

[@lionelck]

now, moomoo still not support fractional share in malaysia?

[@CarmenLiminal-er5bh]

Good day! Just used your link to sign up and deposited money; this might sound stupid to ask, nut should I wait for the rate(myr-usd) to improve 1st before I exchange the currency to buy etf? because usd to myr to 4.7++ now, macam too high :

[@eehuntan8947]

Hi Ziet, do u know any safe platform in Malaysia which offers Japan stock market? Thanks

[@KtmHerbsHQ]

Now Versa have Japan Stock. Legit and trusted

[@eehuntan8947]

@@KtmHerbsHQ Alright will check it out. Thanks!

[@sksajeeb002]

Bro Foreigner also can open this account..?

[@logganratha2778]

Hi @ziet … When I used IBKR, I had a restriction for Pattern Day Trader …which restricts how many times I can trade in 5 days window.. Does Moomo do the same thing ? I didn’t find any info on the FAQ section

[@ZietInvests]

Hi loggan, yes, Moomoo also has the PDT rule, just like IBKR. This means if you make 4 or more day trades in 5 business days with a margin account, your account may be flagged as a PDT, which will require you to maintain a minimum equity of USD 25k. Hope this helps!

[@cthgbs6267]

How do I use the RM50 cash voucher & RM10 Cash coupon X 5 ? (The instruction in their website is not clear)

[@christeh]

could you please do a video comparing Interative broker and momo Malaysia?

[@bananaeyesbananaeyes]

After convert all money into usd, if I wan to buy Malaysia stock, do I need to deposit new fund in Malaysia ringgit to buy it?

[@Papa.L125]

Can you please do a MooMoo setup for Windows desktop

[@bappe5028]

This moomoo only cheap. Better choose good service than cheap

[@ZietInvests]

Fair enough, but it's very subjective because different people value different parameters. Some focus on fees, some on customer support, some on user experience, some on ease of funding - to each of their own. (Tho i totally agree that their customer service does have a huge room for improvement!)

[@ultimatejy9393]

But what other service we can expect from a broker? Tips u means?

[@purpletulip1688]

My experience with moomoo is very good. Customer service is very helpful

[@Kho66666]

*Raise Hand*, can Moomoo SG buy Irish domiciled ETF? which i assume if they can , Moomoo MY will have it in near future

[@muhammadmuzzammil5561]

Hi Ziet! I wasn't aware of Margin Trading and apparently I bought stocks using it although I had enough cash in my MooMoo account to buy those stocks. I don't want to pay interest and only buy stocks that I can afford. Is there any way for me to pay off the margin?

[@TdMas-g7n]

Hy how to forgginer people open accounts

[@ZietInvests]

You can click into my link and see if they allow account opening in your region or not (you might be able to open a Moomoo US account)

[@Kanaria1235-fc8nt]

Hi Ziet, amazing video! Just a quick question, is fractional shares available for US stocks and ETFs, like QQQM?

[@ZietInvests]

Hi, at the moment Moomoo Malaysia does not support fractional shares trading yea

[@donnaleewilliams8626]

Hi Ziet, is the trailing stop the same as the trailing stop MKT? The reason for asking is I have Moo Moo on my phone and my Mac. on the phone it has trailing stop on the Mac it's trailing stop mkt. your response would be highly appreciated.

[@ZietInvests]

Yes, a trailing stop and trailing stop market (MKT) are similar. The trailing stop sets a moving trigger price based on a percentage or dollar amount, while a trailing stop MKT converts to a market order once that price is hit. It sounds like the Moomoo Mac version might only show the market option.

[@DonnaleeWilliams-bv8ct]

@@ZietInvestsThank you

[@raymondc96]

Can i just use this to buy malaysia stock? Cause I prefers to use IBKR for US Stocks.

[@baembazzi4547]

Yes, Moomoo is great for MY stocks because it offers access to Bursa Malaysia, real-time market data, and in-depth company research tools.

[@terencetan2248]

HK Market is available in MooMoo MY ?

[@ZietInvests]

Not yet oh, coming soon i heard

[@shabpnd481]

how to buy with margin?

[@ZietInvests]

To buy with margin, you first need to ensure your broker account supports margin trading. Then, when you place an order, your broker will automatically use the margin for part of the purchase if needed. Hope this helps!

[@arif2002]

how do you dca in moomoo?

[@ZietInvests]

Hi arif, DCA is actually an investment strategy of investing consistently in a fixed dollar amount at a set interval (e.g. invest RM 1000 every month) - this can be done with any broker, even with moomoo or interactive brokers etc. Do remember to do enough due diligence and research before investing your hard earned money yeah ;)

[@arif2002]

@@ZietInvests i see.. i assume that i need to manually buy (e.g rm1000 every month) in order for me to dca in moomoo.. since it doesnt have auto-deduct like robo advisor.. thank you for your explanation..

[@rktechnicalgyan2882]

brother foreign can use this app

[@ZietInvests]

Yes they have their US version one, so you can redirect to the moomoo US one instead😁

[@MichaelJordan-bw1sl]

Hi, can I know how to trade option on moomoo Malaysia? Cause I open the option interface it only allows me to do papertrade.

[@ZietInvests]

Hi jordan, options trading is still not available on Moomoo MY yet yea

[@yweiyuen3560]

Hi Ziet. Just wondering if you have a video on comparing the current brokers in Malaysia? Do they have any difference?

[@ZietInvests]

hi weiyuen, i dont have any updated ones yet - might do them one day! thank you for reminding me!

[@ooichoonwei2303]

Hi, i am existing Momo client in SG, to get momo MY, i need to register again right? and i will get the momo reward after sign in MY account?

[@CPfreestyle2011]

why is my cash amount negative?

[@ZietInvests]

i think you are seeing the USD equivalent? If you funded MYR, and you are seeing USD equivalent, it just means your MYR cash have weakened to USD over the course of time Can always switch to view MYR equivalent :) Hope this helps!

[@sophiaselamat3626]

Hi which one is better for low capital. ikbr vs moomoo or stashway in term of fee and other features to invest in SP500. thanks

[@ZietInvests]

hi sophia! in terms of absolute fees - ibkr would be cheaper because there's no malaysian stamp duty (RM1/RM1000 trade value) involved, but that comes at a cost of not having a license in Malaysia which some may not find comfortable with. stashaway - robos in general are expensive, but still workable, just that its better to DIY and go cheaper with brokers

[@sophiaselamat3626]

@@ZietInvests how about moomoo? may I know know what do you meant by DIY and go with broker?

[@cyzhang91]

withdrawal left the chat

[@ZietInvests]

🤣sorryyyyyy will include it in next time!

[@simpleguy-ns1dw]

may we know is the moomoo promotion of Apple free share is still available?

[@ZietInvests]

yes it is!

[@daisydream1219]

As of now, i saw current promo running from 16 apr to 13 may 2024, they offer one share of NVIDIA stock worth around RM4,000.

[@purpletulip1688]

So is IBKR better or moomoo.?? Which one to use

[@baembazzi4547]

It really depends on what you're looking for..but Moomoo app ease of use and cost-effectiveness are hard to beat.

[@wanalan9958]

Can we do contra trade for local mkt

[@pfv7922]

Worst broker ever in customer support! Call to support line is difficult to get in and the interface is awful. I wonder why you still promote this broker!

[@theoryxz]

one simple reason "money" xD

[@doggystyle7972]

Same like AirasiA. All sales but no support

[@ZietInvests]

Most creators will delete such comments, but i wont, because their product speaks for itself. In fact today i received legal threat on my brokerage videos because some other brokers are butt hurt for losing market share. So does that mean there will be more people paid to purposely spread negative propaganda?🤪 So to that, i’d say, let more people see this comment and judge for themselves - while im not saying their product is flawless, its very well above average and is improving very quickly😊

[@chilldld3]

@@ZietInvests Mminus or Lakuxxx💀

[@pfv7922]

I won't write this if it is not a true experience. If you are to delete this means you are not accepting the true reality!