Moomoo vs Webull Malaysia 2026
Updated Apr 2026 · Both codes verified active
Quick Comparison
Moomoo MY
Crypto & Investing
Use link below
Up to RM2,000
Apr 2026
Webull Malaysia
Crypto & Investing
Use link below
Up to RM1,000
Apr 2026
Moomoo MY vs Webull Malaysia — Feature Comparison
| Moomoo MY | Webull Malaysia | |
|---|---|---|
| Referral Code | — | — |
| Reward | Up to RM2,000 | Up to RM1,000 |
| Category | Crypto & Investing | Crypto & Investing |
| Verified | Apr 2026 | Apr 2026 |
Moomoo MY vs Webull Malaysia — Overview
Two of the most generous stock trading referral programmes in Malaysia go head-to-head. Moomoo (by Futu Holdings, NASDAQ-listed) offers up to RM2,000 free portfolio credit via referral link. Webull Malaysia offers up to RM1,000 in rewards via referral link. Both are Capital Markets Services Licence (CMSL) holders regulated by the Securities Commission Malaysia, both support US and Malaysian stocks, and both offer commission-free US trading. The main differences are in platform depth, reward size, and which broker's interface suits you better.
Our Verdict
Moomoo wins on reward value (up to RM2,000 vs RM1,000), platform depth (Level 2 quotes, better charting), and brand recognition globally. Webull is a strong runner-up with a clean interface and competitive commissions. For most Malaysian investors starting out, Moomoo is the better first choice — higher reward, more powerful tools. Webull is worth opening for the additional RM1,000 reward as a second account.
Choose Moomoo MY if:
Moomoo — higher reward (RM2,000), better charting tools, Level 2 quotes, and more global recognition.
Choose Webull Malaysia if:
Webull — clean, simple interface that's easier for beginners, still gives up to RM1,000 in rewards.
FAQ — Moomoo MY vs Webull Malaysia
Which has a higher referral reward — Moomoo or Webull?
Moomoo offers up to RM2,000 in free portfolio credit (stocks/ETFs), which is higher than Webull's up to RM1,000. Both are tiered by deposit amount — larger deposits unlock higher rewards. Neither uses a referral code; both track via referral links.
Is Moomoo or Webull regulated in Malaysia?
Both are regulated by the Securities Commission Malaysia under Capital Markets Services Licences (CMSL). Moomoo is operated by Moomoo Financial Malaysia Sdn. Bhd.; Webull is operated by Webull Securities (Malaysia) Sdn. Bhd. Both are legally permitted to offer brokerage services to Malaysian retail investors.
Can I open both a Moomoo and Webull account?
Yes. Many Malaysian investors open both accounts to claim referral rewards from each. There is no restriction on holding brokerage accounts at multiple firms simultaneously. Opening both gives you up to RM3,000 in total referral rewards (RM2,000 Moomoo + RM1,000 Webull), assuming qualifying deposits.
Which is better for beginners — Moomoo or Webull?
Webull has a slightly simpler interface suited to newer investors. Moomoo has more advanced features (Level 2 quotes, advanced charting, paper trading) that beginners may find overwhelming but will appreciate as they grow. Both have mobile apps that are significantly more capable than traditional Malaysian brokers.