Moomoo vs Webull Malaysia 2026: Which Trading App Should You Use?
If you’ve been trying to decide between Moomoo and Webull for your Malaysian investment journey, you’re not alone. Both apps arrived in Malaysia promising to shake up the brokerage space with low fees, US stock access, and generous welcome rewards. But once the honeymoon promotions expire, which one actually delivers better value?
We’ve dug into the fees, features, and overall experience for both platforms so you don’t have to. Here’s everything a Malaysian investor needs to know in 2026.
Quick Comparison: Moomoo vs Webull Malaysia
| Feature | Moomoo Malaysia | Webull Malaysia |
|---|---|---|
| Regulated by | SC Malaysia | SC Malaysia |
| Malaysian stock fee | 0.03% commission + RM3 platform fee/order | 0.05% (min RM2.50), no platform fee |
| US stock fee | 0.03% commission + USD 0.99 platform fee/order | USD 0 commission, USD 0 platform fee (promotional) |
| Commission-free vouchers | 180 days | 365 days (full year) |
| Cash management return | Cash Plus money market funds (floating rate) | Moneybull money market fund (rate in-app) |
| Fractional shares (US) | Yes | Yes |
| IPO access | Yes (US IPOs) | Yes (US IPOs) |
| Minimum deposit | RM0 (no minimum) | RM0 (no minimum) |
Trading Fees: Where Moomoo Wins for Bursa Investors
Let’s talk ringgit and sen. If you’re trading Malaysian stocks on Bursa Malaysia, fees matter more than you think — they compound quietly and eat into your returns over time.
Moomoo charges 0.03% commission plus a RM3 platform fee per order, while Webull charges 0.05% per trade with a minimum of RM2.50 and no platform fee. On a RM500 trade that works out at RM3.15 with Moomoo against RM2.50 with Webull. On a RM10,000 trade it is RM6 with Moomoo against RM5 with Webull. Moomoo only becomes the cheaper option once a single order passes roughly RM15,000.
For US stocks the two are not the same. Moomoo charges 0.03% commission plus a USD 0.99 platform fee per order, while Webull currently advertises zero commission and zero platform fee on US stocks and ETFs. Regulatory and exchange fees still apply on both, and Webull’s zero-fee pricing is promotional, so check each pricing page before you commit.
Welcome Rewards: Webull’s Longer Commission-Free Period
Both platforms offer new users commission-free trading vouchers — but the duration differs significantly.
Webull gives new Malaysian users a full 365 days of commission-free trading on US stocks and ETFs, counted from account activation, whereas Moomoo caps its zero-commission window at 180 days. If you’re new to investing and still testing the waters, Webull’s full-year offer gives you more breathing room to build confidence before regular fees kick in.
That said, both platforms regularly run fresh welcome campaigns, so it’s worth checking the latest promotions on their respective apps before signing up.
Cash Management: A Hidden Advantage for Moomoo
Here’s something many Malaysian investors overlook: what happens to your money when it’s sitting uninvested in your brokerage account?
Moomoo’s idle-cash product is Cash Plus, which invests in money market funds rather than sweeping cash into a fixed-rate deposit, so the yield floats. Moomoo currently advertises 6% p.a. for a new customer’s first 30 days on up to RM30,000, and its own one-year illustration assumes 3.5% p.a. after that. Check Moomoo’s Cash Plus page for the current numbers. Webull has an equivalent product, Moneybull, but does not publish a rate outside the app.
If you tend to keep a chunk of cash in your brokerage account — whether you’re waiting for the right entry point or just haven’t deployed it yet — that balance can still earn something. Because both products are money market funds rather than fixed-rate accounts, the return is not guaranteed, so treat any headline rate as an estimate and check the provider’s own page before you rely on it.
User Interface & Research Tools
Both apps are well-designed and mobile-first, but they cater to slightly different users.
Webull is known for its clean, beginner-friendly interface. The charting tools are solid, and setting up a watchlist or placing your first trade feels intuitive even if you’ve never used a brokerage app before. The community feed also lets you see what other users are tracking.
Moomoo leans slightly more towards the active trader, with more detailed Level 2 market data, more advanced charting options, and a broader news feed. If you enjoy doing your own research and want to go deeper than surface-level analysis, Moomoo’s tools give you more to work with.
Which App Is Right for You?
There’s no single “best” answer — it depends on how you invest:
Choose Moomoo if: You trade Malaysian stocks regularly and want lower percentage fees, you like having your uninvested cash earn interest, or you want more research tools and market data.
Choose Webull if: You’re a beginner who wants the longest possible commission-free runway, you primarily invest in US stocks, or you prefer a simpler, cleaner interface.
Honestly? Many Malaysian investors use both. Open accounts on each, claim the welcome bonuses, and then settle on whichever one you actually enjoy using day-to-day.
Are Both Apps Safe?
Both Moomoo and Webull are regulated by the Securities Commission Malaysia (SC), which means they’re licensed to operate as investment platforms in Malaysia. Your investments in stocks are held in your name through a Central Depository System (CDS) account for Bursa stocks, and held in custody arrangements for US stocks. Neither platform is a fly-by-night operation — they both have substantial backing and track records in multiple markets.
That said, as with any investment, the value of your portfolio can go up or down. Capital is not guaranteed.
Frequently Asked Questions
Is Moomoo or Webull better for Malaysian stocks?
Moomoo’s commission rate is lower at 0.03% against Webull’s 0.05%, but Moomoo adds a RM3 platform fee to every order and Webull adds none. That makes Webull cheaper on smaller orders. Moomoo only overtakes it once a single order passes roughly RM15,000.
Can I use both Moomoo and Webull at the same time in Malaysia?
Yes, absolutely. Many Malaysian investors maintain accounts on both platforms to take advantage of each app’s welcome promotions. There’s no rule stopping you from using both, and it’s a legitimate strategy to maximise your welcome rewards.
Which app is better for US stocks in Malaysia?
They are not the same. Moomoo charges 0.03% commission plus a USD 0.99 platform fee per order, while Webull currently advertises zero commission and zero platform fee on US stocks and ETFs. Regulatory and exchange fees still apply on both.
Do I need a lot of money to start with Moomoo or Webull?
No minimum deposit is required to open accounts on either platform. You can start with as little as RM1 on both apps, making them accessible to Malaysians at any income level.
What happens to my cash sitting in these apps?
Moomoo offers Cash Plus and Webull offers Moneybull. Both invest idle cash in money market funds, so the yield floats rather than being fixed. Moomoo publishes 6% p.a. for a new customer’s first 30 days on up to RM30,000; Webull shows its Moneybull rate only inside the app. Check each provider’s own page for today’s figures.
Looking to compare more investment options? Check out our guide on [INTERNAL_LINK: best investment apps Malaysia] to see how Moomoo and Webull stack up against other platforms available to Malaysians.
This article contains affiliate links. If you sign up or make a purchase through our links, we may earn a small commission at no extra cost to you.
If you’re also interested in Bursa Malaysia stock investing, read our in-depth Rakuten Trade Malaysia Review 2026 — covering fees, features, and how it compares to Moomoo and Webull for local equities.
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