Interactive Brokers vs Moomoo Malaysia | Ultimate Stock Broker Comparison
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- เผยแพร่เมื่อ 1 มิ.ย. 2024
- Today, I'm uncovering the ultimate showdown between Interactive Brokers and Moomoo Malaysia! Find out which stock broker meets your investing needs in this detailed comparison.
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ ziet.link/26-know-more-about-...
🟠 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗼𝗼𝗺𝗼𝗼 ➡️ j.moomoo.com/00JRcf
⬇️Timestamps:
0:00 → Intro & Disclaimer
0:32 → Company Background & Executive Summary
2:41 → Group Size
3:18 → Regulations & Licenses
4:41 → Investor Protection (Insurance)
6:11 → Financial Markets
8:51 → Financial Products
9:40 → Fractional Shares Trading
10:27 → Currency Options
11:04 → Currency Conversion
13:06 → Fees - US Stock Market
15:13 → Fees - Bursa Malaysia
15:45 → Account Opening
16:39 → Funding Options
17:42 → Trading Platforms & UI/UX User Experience
19:58 → Customer Support & Physical Branch
21:39 → Verdict
✉️ Free bi-weekly newsletter on all things finance ➡️ www.ziet.co/newsletter/
I've heard and seen all your comments asking which to choose from - Interactive Brokers or Moomoo Malaysia? Today, I'll be sharing with you my in-depth analysis of these 2 well-known brokers to understand their backgrounds, offerings, fees, and more. Whether you're a beginner or an experienced investor, this video breaks down everything from regulatory licenses to user interfaces, ensuring you make the best choice for your financial journey. Learn the key differences that set these brokers apart, including market access, financial products, and investor protections.
I'll also focus on each platform’s strengths and weaknesses, share insights into how Moomoo Malaysia caters specifically to Malaysian investors, offering local market access and dedicated customer service. And in contrast to this with Interactive Brokers’ global approach, providing access to a wide array of international markets and a diverse range of financial products.
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thanks for the good input. very well explained.
Glad it was helpful!
Can I buy unit trust such as TA Global Tech Fund via Moomoo Malaysia?
Hi Ziet, thanks for your sharing. If existing using IBKR to trade US Stock, can you share with us how to trade muti-market like HK, China with the same existing account that trade US Stock? Or we need to create additional account of IBKR to trade HK & China Stock? Thanks :)
hi there Ziet. I am new to this. I am confused with that chart showing 10000 USD. in the last row, it shows after 6 months, Moo Moo fee is at USD 6.12. Am I understanding that, if I buy 10000 USD worth of stocks, and then sell it, i will incur USD 6.12 x 2. Both for buying and selling? Thanks.
I like the function of REBALANCING in IBKR desktop, how about moomoo?
Hi Ziet, IBKR is direct CDS or nominee account?
Can I invest in unit trust such as TA Global Tech fund in moomoo Malaysia?
IBKR have Stock Yield Enhancement Program. Do you know that?
does moomoo offers interest earned on unused cash in my account? I heard IB does gives interest on unused cash in my account
IBKR US has Pattern Day Trading (PDT) Restriction minimum US$25.000, Moomoo outside US resident doesnnot apply PDY Restrictions
Thanks for this Ziet. What about the aspect on estate tax? Is it the same for both platform?
HI yong, at the moment its a bit hard for me to answer this because both don't offer inheritance setup by default (at least for Malaysians), do give them some more time, im sure moomoo might have some features on that in the future!
Hi Ziet, does deposit to moo moo Malaysia counted as the 1 million limit for overseas investment capped by domestic borrowing ?
What about costs of holding shares or collecting dividends. ? Hidden costs?
Thanks for the unbiased review
You’re most welcome ❤
Thanks. I have opened IBKR.. but need to learn how to use the platform
You're most welcome! We do have lots of tutorial video on IBKR, so please do check it out, im sure it will help you get started!
Here's our IBKR playlist: th-cam.com/play/PLNtoL6rfNKdmoHyOx4ft2q9L3ue1HjE8n.html
Now that moomoo offers fractional shares, would that be a huge plus point over IBKR?
Moomoo MY does not allow option . Cannot sell covered calls if you have 100 shares !!!!
How about Moomoo SG? I heard it’s better than MY
Ziet, can u advise which platform to use to trade call/put option in Malaysia. Moomoo recent launch, we don't hav it
Hello, for options trading - Interactive Brokers definitely can do the job for you! Check them out here: www.interactivebrokers.com/mkt/?src=zietPY2&url=%2Fen%2Fwhyib%2Foverview.php%3Fnored%3Dt
I have an IBKR account in US for years because I am a US resident and obviously i get tax statement there to pay the taxes. I am also a Malaysian citizen, how are taxes handled here in Malaysia if you have an account with IBKR that you open here in Malaysia.
i'm considering moving my asset in Webull over to moomoo after watching this... thanks ! gonna be using your moomoo affiliate link.
Niceeee, thank you so much! Hopefully my recommendation won't disappoint you, do keep us updated with your experience
Ziet, what app would you recommend for value investing for international stocks? Mostly buying and holding for long term. Between IBKR, MooMoo and FSMone?
My answer is already at the verdict section of this video haha! My main investing app is still Interactive Brokers, and I think it suits for all intents & purposes
Yes, was just asking specifically in regards to long term value investments haha. Either way, thank you!@@ZietInvests
can you review the robo advisor investment in the USA market like wealthfront, betterment and so eth for South Asia.
I wanna ask, as a Malaysian do I save more via MYR->SG Cimb acc-> recurrent investment(IBKR) to invest in USD or just straight wise->IBKR
how about FSMone for dca on certain etf? Maybe can do a review on their Regular Saving Plan
let me take a loook!
i use moomoo for bursa as the lower commision is good for my smaller ticket size (around 1-2k per order), i use IBKR for ireland domiciled ETF like cspx and also some qqqm thrown in, i stockpick on bursa while my wife DCA into US ETF
Wooo nice! Using both to reap their benefits
i forgot abt the bursa first 6 months free commision fee, after that if order below 6k use moomoo, 7-9.99k use affin, then any amount above 10k use back moomoo
I bought US stock with momoo and was charged 0.99 platform fees and 1.47 stamp duty. Are both in USD?
I am malaysian, and i want to start day trading (3-4 trades per day trading US market), is IBKR is the best trading app in Malaysia at the moment? (Considering factor like low commision fee etc.)
can we trade options on IBKR?
Quick query - can use BURSA app to transfer our shares from other MY broker to moomoo platform?
As far as i know, not at the moment! They didnt enable that feature yet (i could be wrong tho)
Nice. Can you tell me how much of commission/platform fee + any other fees are if I buy fractional shares of USD20 Apple share ?
Hi there, for that, I'd think on:
Moomoo = roughly 1.00 usd
IBKR = roughly 0.35 usd
Since the trade value is very small, the miscellaneous fees would be very small too. but do be mindful of the % fees paid being too high if your trade value is USD 20
Thanks. I think IBKR has min $1 as fractional shares fall under fixed tier? I do not have an account with Moomoo so I'm not sure as I heard they have a platform fee but not IBKR 😢. I guess anything less than 1% commission&fees is accepted😊 so might have to increase DCA value to $50 to $100 per stock per week as Webull has $0.55 for fractional share 😅.
1. What if we take into account of both the conversion fees and trading fees between both platforms (MooMoo after first free 6 months of commission fee), which is relatively cheaper?
2. Since MooMoo is regulated by SC Malaysia, do we have not to worry about the income tax submission, and vice versa for IBKR, I remember you said from your previous video that for withdrawal amount more than 15k will be audited right? Which platform is consider more hassle free in terms of this.
Hi Johnson,
1. I briefly covered in 14:02, but the conclusion should be the same - IBKR will be cheaper by a stretch if your trade size is larger (as moomoo MY has Malaysian stamp duty); otherwise, they are pretty marginal if you trade in smaller sizes like sub RM 5k/trade
2. For local taxation, as far as im aware of, foreign investments income are exempt from tax until end of Dec 2026, and capital gains from foreign investments are not taxable (or at least there's no clear guideline on that), but regardless, moomoo or IBKR, either broker will be able to generate your account statement for your tax submission purpose, if you want to declare them.
Withdrawal - the guideline I mentioned earlier was due to cross-border transfers, as it involves unlicensed broker (in the eyes of BNM, its a foreign company) hence the higher possibility of audit - but keeping a clear trail of your brokerage statement should be a good preparation for that.
i am very new to IBKR, can i ask do they charge a higher fee for market orders when comparing to limit orders? because the fee im getting from the recurring investments (which is market orders) are 1%, meanwhile my limit order is 0.7%.
also would like to hear some suggestions on how much or how often should i invest in VOO, i.e. small amount daily or a lump sum monthly/biweekly?
Hi Jia Jun, on the fees, nope - they are market makers themselves so you will get the best available price even if its market order (but mindful recurring investments usually could be done at open hours which the share price moves very fast, so it might not be that simple to track the difference).
For your frequency of investment - I personally prefer DCA once a month to minimize the fee impact, hope this helps!
Can you make video how to place money do a trade and withdraw in Interactive Brokers.
Hi Ziet, even buying fractional shares are eligible to receive dividends?
Hi Peter, yes! you will receive fractions of the dividends instead of a full portion ;)
Make sense, thks for the quick response. Keep up the good work.
Please review Webull Malaysia which just launched in Malaysia Thank you 😊
Do you have a video how to open interactive broker account?
Yes! Here you go: th-cam.com/video/YkWi8qx4ysI/w-d-xo.htmlsi=B1F3B5GoWPBYgzBZ
hi ziet, is moomoo malaysia now can buy US money market fund?
Hi dann, not at the moment ya, moomoo Malaysia dont have access to those MMF yet
Newbie Question. Which Broker have provide Dividend Reinvestment Plan?
@Selina561 that is her name on
TEI-EGRM ...
From my experience using wise to fund ibkr, it took just 5 mins, not one working day.
That's fast! Thank you so much for chipping in!
Yep pretty clear, subs.
Thank you so much!
But Moomoo doesn't have fractional shares option for US ETF 500 VOO stocks right ? That's a huge turnoff.
That is correct, no fractional shares trading at the moment for them :x
Isn't there like a fee u had to pay IBKR per year if you have lesser than 100k usd invested?
That was before 2021! They have already abolished that account maintenance fee ;)
Which one suitable for day trading
IBKR would be cheaper for day trading
For Malaysian market shares, is Moomoo going to hold my shares as nominee as well?
Yup! They are using a nominee CDS account :)
For medium to large funds investors you get sufficient coverage in IBKR - imagine being covered for RM 100K when you have USD 500K investment
What is the payment method of ibkr for malaysian?
Any opinions on fsmone rsp for etf?
I'd say it's akin to unit trust, personally am not a fan of high-fees investing but I do see some use case for some people that could care less about their investments tho
I heard that they are currently still having the new user promo right? Is the T&C remain the same tho?
Nope, it's different. U gotta deposit 10k and hold for 60 days.
@@blankspace3980 wowww so long to wait until 60 days due hoid.... so cannot do trading in that period?
@@mohammadfazuri9410 In the meantime u can do trading and any fluctuation happened it wouldn't be affected.
@@blankspace3980what is paper trading tho? Is it like test trading?
@@sofeaameena4829paper trading is using digital money and the app tools to do “mock” trading so that u can determine ur trading objectives and strategies.
Do a comparison vs m+ global
if there's enough demand for it!
Your content is very helpful but he background music steals my attention…
Moomoo user interface is literally the best out there.
Moomoo, can earn interest on USD balance?
For Moomoo MY, not at the moment!
Great video ❤ but can u make a video on Etoro?
Hi, unfortunately I dont use eToro anymore so it's not something that I can review accurately :x
@ZietInvests oh... any reason why you are not using this app anymore? Terrible app? Should I just delete etoro ?
I used etoro is good but I scared because they don't have regulation, I changed ibkr
@mercypena2200 hmm... I guess I will just go for moomoo and interactive broker
Fractional Trading & Irish Domiciled ETF. IBKR wins hands down
solid work bro. because of you i’m investing in etf divided to voo 50%, qqqm 30% & schd 20%. 1000$ monthly with ibkr. please make a video on how to deal with tax related procedures for long term investing. thank you once again 🙏🏼💯
Woooo nice to know that Tavin! Thank you so much for sharing your experience 🥰
How to join your telegram community ?
It's actually in the description! Here you go: t.me/+fIOOXUQJjsVmNmY1
I am very confident in moomoo Malaysia
nice to know that! are you trading with their app? ;)
@@ZietInvests in HK
Please make a video of how to trade for absolute beginners.
@Selina561 that is her name on
TEI-EGRM ...
For help
IKBR for life!!!
Lesgoooo🔥
Once i knew Moomoo is from China.. i already knew which trading platform i will choose.
moomoo have higher cost when convert back usd to myr. It mislead ppl to think tat it got lower conversion cost. This is the only platform I saw got so huge different spread cost between conversion.
Thank you so much for the feedback, I'll pay more attention on the USD -> MYR conversion next time round! (If anyone has any feedback please feel free to share it back ❤️)
I wait for options and futures trading on Moomoo. I hope its not long.
we can only wait for now!
Hi ziet... how about webull malaysia?
They just launched in Malaysia! Will cover them very soon!
😊 IBKR of usa had long operate
yup!
I can't get my aapl free share
Have you waited 30 days while retaining the RM 8k minimum asset balance? It should be in your "My Rewards" tab
Better compare ETORO and IBKR, because MOOMOO is not global.
Thanks to Ziet recommendations before, I now having both..haha
Haha if cant choose, why not both!! (never wrong to have both!)
What about Rakuten Trade, is it still good?
It gets the job done for what it offers, but nothing special beyond that. App requires much improvement, which was promised ages ago but have yet improved much, a bit disappointing on that department
My personally will invest via moomoo for the 1st 2 mths until I get the apple share and continue my investment via IBKR due to lowest fees😂.
I dont think that's a good approach haha dont know la, for me, its more practical to use single platform for consistency & easier management. Plus, imo, Moomoo offers a better overall user experience and features.
Which platform do you prefer? Interactive Brokers or Moomoo Malaysia? Comment down below ⬇
Pls can you do a Forex broker pls....
Forex trading is unregulated in malaysia and poses too much risk, plus its not something i trade, so i wont be comfortable exposing my viewers to such risk 😅
Thanks for the video
you're most welcome buddy!
hey man , you should make a 'buy me a coffee account' . would love to buy you a cup
Damnn you’re too kind my man. Im more than happy to receive nice comments like these, it makes my day more than money would😍
MOOMOO for trading ,IBKR for long term position,period.
IBKR has better trading features
IBKR is the best!
That works! Though most of the traders I know prefer IBKR ;P They trade upwards of 30 positions every night so the fee still adds up
I thought terbalik..
It's better to trade with IBKR using CFD. Since you will be entering and exiting trades more often, IBKR provides lower fee ..
No. Ibkr for frequent trading .
Moomoo for investors.
I make huge profits from my trades now as I follow your instructions ma'am God bless you Selina Morgan with more knowledge you are the greatest trading guru ma'am💯
Moomoo 😂
👀
Moo moo 0.99 usd fee does not include stamp duty while m+ global min 3 usd fee includes stamp duty…
Incorrect, stamp duty is charged on top of the brokerage + other fees, hence the min.3 USD fee charged by M+Global is exclusive of stamp duty.
mplusonline.com/support/detail/1000752?id=1000685
Ahh ok thank you!
pls compare moomoo sg not moomoo my
Hi there, while I understand thats a fair comparison (since Moomoo SG has a ton more features than MY), unfortunately Malaysians can no longer open Moomoo SG so that might defeat the purpose of this video (for Malaysians at least). Hope this explains!
We are together in this currently my portfolio is with ibkr and i plan to open one with moomoo in the future I use them now for my watchlist i like the platform
Niceeee! Thank you so much for chipping in Persie - and it's been a long time since I've last seen your comment haha! Hope you're still doing well 😁
@@ZietInvests thank you ziet that was really nice from you to ask
Im always here in your videos , keep them coming my friend
the best part is moomoo easily entered short positions !!! good for bear market
Good to know that! IBKR can also do short positions ;P