How To Use Moomoo Malaysia App | Step By Step Tutorial | Beginner's Guide

2 min read 6 months ago
Published on Apr 24, 2024 This response is partially generated with the help of AI. It may contain inaccuracies.

Table of Contents

Step-by-Step Tutorial: How to Use Moomoo Malaysia App

1. Creating a Moomoo Malaysia Account:

  • Click on the provided link to sign up for a Moomoo Malaysia account and get free signup rewards.
  • Fill in your phone number or email address to create an account.
  • If you have an existing Moomoo account, log in to link it to the new Moomoo Malaysia account.
  • Complete the account setup by providing personal details, doing ID verification, entering residential address, and tax information.

2. Funding Your Account:

  • Open the Moomoo app and tap on the Accounts tab.
  • If switching from Moomoo SG to Moomoo Malaysia, make the switch first.
  • Tap on Transfers, Deposit to get the bank account details for funding.
  • Transfer the desired amount to your Moomoo Malaysia account, which may take 1-3 business days.

3. Converting Currency (if necessary):

  • In the Accounts tab, tap on Transfers, then Currency Exchange.
  • Enter the amount to convert from Malaysian Ringgit to US Dollar and follow the prompts to complete the exchange.

4. Buying Stocks:

  • Search for the stock you want to invest in by tapping on the Search icon in the Watchlist tab.
  • Add the stock to your Watchlist for easy access.
  • Tap on the stock, then on the Trade button to initiate the purchase.
  • Choose the order type (market or limit order), enter the quantity, and review the details before confirming the purchase.

5. Selling Stocks:

  • To sell stocks, tap on the stock you want to sell and then on the Trade button.
  • Choose the order type, enter the quantity to sell, review the details, and confirm the sale.

6. Withdrawing Funds:

  • Go to the Accounts tab, tap on Transfers, then Withdraw.
  • Add a new bank account by entering bank details and uploading proof of the account.
  • Enter the amount you want to withdraw, keeping in mind any settlement rules or currency conversion requirements.

7. Maximizing Benefits:

  • Consider opening a Moomoo SG account for additional benefits.
  • Utilize features like Moomoo Cash Plus, Level 1 market data, Trend Projection, and Task Center for rewards and analysis.
  • Stay updated on promotions and earnings calendar in the Markets tab for trading insights.

By following these steps, you can effectively use the Moomoo Malaysia app to fund your account, buy and sell stocks, and maximize the benefits offered by the platform.