Follow the money
How Much of Your Money Does moomoo Actually Hold? What We Know About Malaysian Capital 'Leaving' Bursa (2026)
Here’s the honest starting point: nobody publishes the number you’re actually after. moomoo doesn’t break out how many ringgit its Malaysian users hold. Neither does its parent, Futu Holdings, in its earnings. Neither does Bursa Malaysia, the Securities Commission, or Bank Negara. “How much money is sitting in moomoo accounts” is simply not a disclosed figure — from anyone. What is knowable is how fast the accounts have grown, why Malaysians are opening them, and what that does and doesn’t mean for money “leaving” Bursa. That turns out to be a more interesting story than a single dollar figure would be.
The number we don’t have
moomoo launched in Malaysia on 27 February 2024. By July 2025 — just over a year later — it had crossed one million registered users, with the user base described as growing tenfold from its earlier baseline. Globally, moomoo’s parent Futu Holdings reports client assets and trading volume every quarter (US$155.8 billion and US$529.4 billion respectively in Q1 2026 alone), but those figures are global aggregates across every market Futu operates in — Hong Kong, the US, Singapore, Australia, Malaysia and more. There is no country-by-country breakdown, and no reason to expect one; brokers generally don’t disclose that level of granularity, and Malaysia is a small slice of a very large global business.
The number we do have — and what it implies
Account growth is the honest proxy, and it’s striking on its own terms. Bursa Malaysia’s entire active retail investor base — everyone trading through every local broker combined — stood at roughly 1.4 million people as of mid-2025, a base built up over Bursa’s entire modern history. moomoo alone signed up a million Malaysian users in under a year and a half. That doesn’t mean a million ringgit millionaires abandoned Bursa for Wall Street — many of these are first-time investors who might never have opened a trading account at all if a slicker app hadn’t made it easy. But it does mean a huge, fast-growing share of Malaysia’s new investing activity is now happening on a platform whose books aren’t open to the public — and whose default experience points overwhelmingly toward US markets.
“We can’t see the number. We can see the direction — and the direction is fast.”
Why “left Bursa” isn’t quite the right frame
Here’s the nuance that a simple “capital flight” headline misses: moomoo is a licensed Malaysian broker (Moomoo Securities Malaysia Sdn Bhd, under a Capital Markets Services Licence from the Securities Commission), and it lets users trade Bursa-listed stocks directly through the same app. A Malaysian who buys Tenaga or Maybank shares via moomoo is still trading on Bursa’s own order book — that volume shows up in Bursa’s turnover statistics exactly as if it went through a traditional broker. The money that has genuinely left the Malaysian market is specifically the slice allocated to US, Hong Kong and other overseas names — and that precise split, again, isn’t published.
There’s an even bigger wrinkle: Bursa Malaysia and moomoo aren’t purely adversaries here. In mid-2025 the two co-ran an investor-development campaign tied to Bursa’s Shares2U programme, explicitly aimed at growing Malaysia’s overall retail investor base. moomoo Malaysia’s CEO, Ivan Mok, put it directly: “We are not here just to compete with the local brokers. We are here to actually build the size of the market.” Whether that framing is generous or self-serving, it’s a genuine partnership, not the posture of a company Bursa treats as a straightforward threat.
Why Malaysians are actually moving money overseas
The simplest explanation is also the most honest one: performance. The FTSE Bursa Malaysia KLCI has averaged roughly -0.3% a year over the past decade, while US indices pushed to repeated all-time highs through 2025 and into 2026. When your home index has been flat-to-negative for ten years and the market your broker app defaults to has been compounding, the pull isn’t complicated — it’s the same logic we walked through in the Bursa-vs-moomoo liquidity piece: deeper, better-performing markets attract capital, and a smartphone app just makes acting on that instinct frictionless.
What this means for you
- Don’t treat this as a national crisis you need to react to. It’s a market-access story, not a run on the ringgit — Bursa’s turnover has actually been rising through 2026, not collapsing.
- Know what your own money is doing. If you use moomoo, check your own portfolio split between Bursa and overseas holdings — that number, at least, is one you can actually see.
- Performance-chasing cuts both ways. Ten years of KLCI softness doesn’t guarantee the next ten look the same, and record US valuations carry their own risk — see the H1 2026 review for how quickly sentiment turned in June.
- A split portfolio is a reasonable answer, not a compromise. Ringgit-earning Bursa names for dividends and no FX risk, US exposure for depth and growth — most sophisticated Malaysian investors already run both.
The bottom line
The precise ringgit figure inside moomoo’s Malaysian accounts isn’t public, and pretending otherwise would be guessing dressed up as data. What we can say with confidence is that a platform barely two years old in this market has already built an account base close to Bursa’s entire historical retail footprint — and that a meaningful, unmeasured share of that money is now sitting in markets outside Malaysia, pulled there mostly by a decade of underwhelming local returns. Watch your own numbers, not the rumours — start with today’s trending US and Bursa stocks.
Sources & further reading
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This article is general information, not personalised financial advice. Rates.my is not a licensed financial adviser — always verify rates with the institution and consider your own circumstances.
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