Quick Answer: Moomoo or Webull?
Pick Moomoo if you are new to investing and want Bursa and US stocks in one guided app: the reward starts at a RM1,000 deposit and code BURSA88 adds extra Apple shares. Pick Webull if you mainly trade US stocks and can hold RM5,000 for 60 days, because its 0% US commission runs for 365 days.
Moomoo and Webull are the two most talked-about broker sign-ups in Malaysia right now, and they get compared constantly for good reason: both are SC-regulated, both run genuinely attractive welcome rewards, and both cover Bursa Malaysia plus US markets. But they're built for slightly different investors. Here's the honest breakdown, not the "both are great, just pick one" non-answer you'll find elsewhere.
Full Comparison Table
| Category | Moomoo Malaysia | Webull Malaysia |
|---|---|---|
| Regulator | Securities Commission Malaysia | Securities Commission Malaysia |
| Welcome reward | Up to RM1,500 standard (until 31 Dec 2026) + extra Apple shares with code BURSA88 | RM300 trading vouchers (until 31 Oct 2026, referral link, no code) |
| Min. deposit for reward | RM1,000 (60 days) | RM5,000 (60 days) |
| Malaysian stock fee | 0% for 180 days (new users) | 0.05% commission |
| US stock commission | 0% for 180 days (new users) | 0% for 365 days (new users) |
| IPO / CDS | Separate CDS Account-IPO for Bursa IPOs | Nominee account at sign-up; ask about IPOs |
| Markets covered | MY, US, HK, SG, China | MY, US, HK, China A-shares |
| AI research tool | ✓ Moomoo AI (EN/BM/ZH) | Not offered |
| 24-hour US trading | ✓ | ✓ |
| Fractional US shares | ✓ | ✓ (from USD 1) |
| Shariah screening | Not offered | ✓ Built-in indicator |
| Best for | Beginners wanting one guided app | US-focused / more experienced traders |
Fees Compared: Bursa and US Stocks
Here is what the broker commission looks like on two typical Bursa trades, using the rates in the table above (checked 9 October 2026). Both brokers also pass on the same exchange charges on every Bursa trade: a clearing fee of 0.03% and stamp duty of RM1.50 per RM1,000 of contract value.
| Bursa trade size | Moomoo commission (new user, first 180 days) | Webull commission (0.05%) |
|---|---|---|
| RM1,000 | RM0 | RM0.50 |
| RM10,000 | RM0 | RM5.00 |
For US stocks, both start new users at 0% commission: Moomoo for 180 days and Webull for 365 days. If you plan to trade US shares for longer than six months, Webull's free period lasts twice as long. After any promotional period ends, check each broker's current rate card in the app before you trade.
Sign-Up Rewards Compared (October 2026)
| Moomoo Malaysia | Webull Malaysia | |
|---|---|---|
| Campaign period | 9 Oct to 31 Dec 2026 | Until 31 Oct 2026 |
| Entry deposit | RM1,000: RM100 in coupons | RM5,000: RM300 trading vouchers (3 × RM100) |
| Higher tiers | RM3,000, RM10,000 and RM40,000 add Apple shares, up to RM1,500 in total | None listed |
| Holding period | 60 days | 60 days |
| BursaNews extra | Code BURSA88: extra Apple shares worth RM50 (RM1,000) or RM100 (RM10,000) | Sign up through the BursaNews referral link |
Full step-by-step guides: Moomoo promo code BURSA88 and Webull sign-up guide.
IPO and CDS: Which Is Easier?
You can buy and sell Bursa shares on both apps without opening anything extra. Bursa IPOs are where they differ. Moomoo asks you to open a separate CDS Account-IPO inside the app (Accounts, More, CDS Account-IPO), which Moomoo says usually takes under 2 business days. Webull opens a nominee account at sign-up, so check with Webull before an IPO you care about. If IPOs or an employer Pink Form are part of your plan, read our CDS account guide first.
Is Moomoo or Webull Safer?
They are equally safe on the points that matter. Both Moomoo Securities Malaysia Sdn. Bhd. and Webull Securities (Malaysia) Sdn Bhd are licensed by the Securities Commission Malaysia, and client assets with both are covered by the Capital Market Compensation Fund up to RM100,000 per investor if the broker itself fails. Neither protects you from your investments falling in value.
Moomoo和Webull哪个好？
简单来说：刚开始投资、想在一个App里买马股和美股，选Moomoo，存RM1,000就能拿奖励，用优惠码BURSA88还有额外Apple股票。主要买美股、能放RM5,000满60天，选Webull，美股0佣金长达365天。两家都受马来西亚证券监督委员会（SC）监管，资金安全程度相同。
Which Persona Fits Which Broker?
Choose Moomoo if you're...
A first-time investor who wants Bursa Malaysia and global markets in one app, with AI-assisted research to lean on while you learn, and you can hit the RM1,000+ deposit tier to unlock a bigger reward with code BURSA88.
Choose Webull if you're...
Already comfortable reading charts and want to trade US stocks heavily. The 365-day 0% US commission offer for new users and extended trading hours are genuinely strong for this use case, and you're comfortable with the RM5,000 deposit for the reward.
The Honest Answer: Why Not Both?
There's no rule against holding accounts with multiple SC-licensed brokers, and plenty of investors do exactly that: Moomoo for Bursa Malaysia exposure and the AI research tools, Webull specifically for US trades to use its 0% US commission offer. If you're depositing enough to qualify for both welcome rewards, splitting your capital this way isn't unreasonable. If you're starting with a smaller amount, pick the one that matches where you'll actually trade most, and don't let the size of the sign-up bonus be the deciding factor on its own.
What We'd Actually Do
If we were opening our first brokerage account today with no strong market preference either way, we'd lean Moomoo for the lower entry deposit and the AI research assistant, because it shortens the learning curve. If US stocks are the main focus from day one, Webull's 365-day US commission offer is hard to argue with on pure cost grounds.
Bottom Line
Both are SC-regulated, both have real (not misleading) welcome rewards, and neither is a bad choice. Moomoo wins on accessibility and research tools for beginners; Webull wins on US-market economics and depth for more active traders. Read our full standalone reviews for the details behind each.
Frequently Asked Questions
Which is better, Moomoo or Webull Malaysia? Neither is universally better. It depends on whether you value guided beginner tools and a bigger headline reward (Moomoo) or US-market fee economics and charting depth (Webull).
Can I open accounts with both Moomoo and Webull? Yes, there's no restriction on holding multiple SC-licensed broker accounts in Malaysia.
📊 Read the full individual reviews: Moomoo Malaysia Review 2026 → or Webull Malaysia Review 2026 →
🏆 Or see all three brokers (including Rakuten Trade) on our full comparison page →