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### ⚡ Quick Answer
Both Moomoo and Webull are legitimate, SC-licensed brokers in Malaysia offering zero-commission US stock trading. Moomoo edges ahead for beginners with a cleaner app and better welcome rewards, while Webull suits active traders who want deeper charting tools. Use either — just don’t leave the welcome bonus on the table.
## What Are Moomoo and Webull?
Moomoo is operated by Moomoo Financial Malaysia Sdn Bhd, a subsidiary of Futu Holdings (Nasdaq: FUTU). It launched in Malaysia in 2023 and quickly became one of the most-downloaded investment apps in the country, partly thanks to aggressive welcome rewards.
Webull is operated by Webull Securities (Malaysia) Sdn Bhd and is part of the global Webull group. Like Moomoo, it’s licensed by the Securities Commission (SC) Malaysia and focuses on US and Malaysian market access.
Both are regulated, both are free to download, and both target the same audience: Malaysians who want to invest in US stocks without paying RM30+ per trade at traditional brokers.
## Fees Comparison
| Fee | Moomoo | Webull |
|---|
| US stock trades | RM0 commission | RM0 commission |
| Malaysian stocks (Bursa) | 0.03% (min RM3) | 0.05% (min RM8) |
| Currency conversion | ~0.3% spread | ~0.5% spread |
| Inactivity fee | None | None |
| Withdrawal fee | Free (1st/month) | Free |
| Custodian fee | None | None |
Both platforms earn on the bid-ask spread for US stocks rather than explicit commissions. For Malaysian stocks,
Moomoo is cheaper — especially for smaller trade sizes.
## Platform & App Experience
### Moomoo App
Moomoo’s interface is polished and beginner-friendly. The home screen surfaces your portfolio, top movers, and news in a clean layout. Key features include:
–
Paper trading (practice with virtual money)
– Level 2 market data (free for a trial period)
– Community feed similar to StockTwits
– Options trading available
– Real-time Bursa Malaysia quotes
### Webull App
Webull’s interface is more data-dense — think Bloomberg Lite. It’s excellent for active traders who want multiple chart layouts, technical indicators, and order types on one screen. Key features include:
–
Extended hours trading (pre-market and after-hours)
– Advanced charting with 50+ indicators
– Fractional shares trading
– Options trading
– Screener tools built-in
If you’re just starting out, Moomoo’s app will feel more welcoming. If you’re already comfortable reading charts and placing limit orders, Webull’s deeper toolset is worth it.
## Welcome Rewards
This is where both platforms really compete for your sign-up. Welcome rewards change regularly, but here’s the typical structure:
### Moomoo Welcome Offer
Moomoo typically offers free stocks or cash rewards when you open an account and make an initial deposit. Historically they’ve given away US stocks worth up to USD 200+ for qualifying deposits.
Claim Moomoo’s Welcome Reward Now to see the current offer.
### Webull Welcome Offer
Webull runs similar promotions — free stocks or commission rebates for new accounts. Deposits above a certain threshold unlock tiered rewards.
Claim Webull’s 6% Offer Now to see what’s live.
Bottom line: check both offers before committing. Since both are free to open, some investors open accounts on both platforms just to stack the welcome bonuses — completely legitimate.
## Asset Coverage
| Asset Class | Moomoo | Webull |
|---|
| US Stocks & ETFs | ✅ | ✅ |
| Malaysian Stocks (Bursa) | ✅ | ✅ |
| US Options | ✅ | ✅ |
| Hong Kong Stocks | ✅ | ❌ |
| Fractional Shares | ❌ | ✅ |
| Crypto | ❌ | ❌ |
| Unit Trusts / ETFs (local) | ❌ | ❌ |
Moomoo has the edge for Hong Kong stocks — useful if you want exposure to Chinese tech (Alibaba, Tencent, etc.) without using a separate broker. Webull’s fractional shares let you buy a slice of high-priced stocks like Amazon or Berkshire with as little as USD 5.
## Safety & Regulation
Both platforms are regulated by the
Securities Commission (SC) Malaysia. Your assets are held in a separate custodian account — they’re not mixed with the company’s operating funds. Neither is a bank, so funds are not covered by PIDM, but your securities are segregated.
Moomoo’s parent Futu Holdings is listed on Nasdaq, which means additional public disclosure requirements. Webull’s parent is a private company but is globally present in over 15 countries.
Both platforms have operated in Malaysia for 2+ years without major incident. Either is a reasonable choice from a regulatory standpoint.
## Who Should Use Which?
Choose Moomoo if:
– You’re a beginner who wants a clean, intuitive interface
– You want to invest in Hong Kong stocks alongside US stocks
– You trade Bursa Malaysia stocks (lower fees)
– You want paper trading to practice first
Choose Webull if:
– You’re an active trader who lives in charts
– You want fractional shares for expensive US stocks
– You need pre-market and after-hours trading
– You prefer a more data-rich experience
## Our Recommendation
There’s no wrong answer here — both are solid, SC-licensed brokers with zero commission on US stocks. If you’re picking just one,
start with Moomoo for its friendlier interface and typically stronger welcome bonus. If you’re already an experienced trader, Webull’s charting tools will serve you better.
The best move?
Open both accounts while the welcome bonuses are live. You’ll collect two sets of rewards and can decide which platform you actually prefer once you’ve used both.
👉
Claim Moomoo’s Welcome Reward Now
👉
Claim Webull’s 6% Offer Now
## Frequently Asked Questions
### Is Moomoo safe to use in Malaysia?
Yes. Moomoo is licensed by the Securities Commission Malaysia. Your assets are held in a segregated custodian account separate from the company’s funds.
### Is Webull available in Malaysia?
Yes. Webull Securities (Malaysia) Sdn Bhd is SC-licensed and has been operating in Malaysia since 2022. The app is available on iOS and Android.
### Can I use both Moomoo and Webull at the same time?
Absolutely. Many Malaysian investors keep accounts on both platforms to collect welcome bonuses and use each for what it does best.
### Do I need a CDS account to use Moomoo or Webull?
For US stocks, no — both brokers use their own custodian structure. For Malaysian stocks on Bursa, you will need a CDS account, which both platforms help you open within the app.
### What’s the minimum deposit for Moomoo and Webull?
Both have low minimum deposit requirements (often as low as RM1 to unlock certain features), but the welcome bonus rewards typically require a higher deposit threshold — check the current promotion details on each app.
### Are dividends paid to my Moomoo or Webull account?
Yes. US stock dividends are credited to your brokerage account in USD. You can leave them in the account or convert and withdraw.
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Now that you have a broker, consider adding REITs to your portfolio: How to Invest in REITs Malaysia 2026: Beginner’s Complete Guide.
