How to setup and fund Moomoo account: A step-by-step guide

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By Beansprout • 25 Nov 2023 • 0 min read

Learn how to register, set-up and fund your Moomoo Singapore account with this step-by-step guide for beginners. Understand how to get started with your Moomoo Singapore account.

moomoo setup and funding guide for beginners
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One of the first steps you need to take as a new investors is to open a stock brokerage account.

If you have decided to sign up for a Moomoo account, you may be wondering what are the additional steps you will need to take to register for a Moomoo account and get started on your investing journey.

Regardless of whether you are using the Moomoo account to invest with low fees, or to access Moomoo Cash Plus, or just to tap on the sign-up promo, we are going to show how you can set up your Moomoo account in 3 simple steps. 

Simply follow our step-by-step guide to start your investing journey with Moomoo!

Step by step guide to setting up a Moomoo account 

  • Step 1: Sign up for a Moomoo account
  • Step 2: Provide signup details
  • Step 3: Fund your account

Step 1: Sign up for a Moomoo account

Sign up for a Moomoo account using this link.

Tip: You will be eligible for exclusive sign-up rewards when you use Beansprout’s exclusive link. Learn more here.

You will be re-directed to the Moomoo signup page. 

Click on the “Start Now” button on the page to continue your sign-up.

moomoo setup and funding guide step 1

You will be asked to provide your phone number to continue your sign up. 

You will be sent a verification code that will be used to confirm your contact details and continue the sign-up process. 

moomoo setup and funding guide step 1a

Step 2: Provide signup details

After you have confirmed the verification code that is sent to your phone, you will be asked to provide additional details to complete the registration.

moomoo setup and funding guide step 2

First, you will have to choose your identity of whether you are a Singapore citizen, Singapore permanent resident, foreigner residing in Singapore, or Other. 

moomoo setup and funding guide step 2a

If you have a SingPass account, you can continue your sign-up process by opening your account using MyInfo.

Your personal data will be retrieved from verified government sources to complete the online form for registration.  

moomoo setup and funding guide step 2b

Once your personal data has been retrieved, you will be asked to confirm the information.

moomoo setup and funding guide step 2c

You will be asked to provide some additional details, such as your employment status, financial information and email to complete the registration. 

moomoo setup and funding guide step 2d

moomoo setup and funding guide step 2e

Next, you will be shown a risk disclosure. 

Do read through the risk disclosure and be aware of that all investments come with risks before you continue with setting up your account. 

moomoo setup and funding guide step 2f

Step 3: Fund your account

After you have accepted the risk disclosure, you will be asked to fund your Moomoo account. 

You can choose to link your DBS/POSB bank account to fund your account.

Linking your DBS/POSB to fund your account is free and instant. Your money will be available in minutes once your application is approved and your bank account is verified. 

In addition, your money is kept in custody and trust accounts with licensed or regulated banks. 

If you do not have a DBS/POSB account or prefer not to fund your account using a DBS/POSB account, you can select “No DBS/POSB account”

moomoo setup and funding guide step 3

moomoo setup and funding guide step 3a

You will receive a confirmation once your account has been linked. 

moomoo setup and funding guide step 3b

Next, you can choose the amount to fund your Moomoo account.

If you choose to fund your account with S$2,000, you will be eligible for additional welcome rewards

moomoo setup and funding guide step 3c

Next, you will receive a confirmation that the deposit has been submitted.

Your deposit will be initiated once your application is approved and your bank account is verified. 

moomoo setup and funding guide step 3d

By clicking the “Next” button, you will receive a confirmation that your application has been submitted. 

New accounts are usually approved within the same day but may take 1-3 business days in some cases.

You will receive a notification via the email provided once your account is approved. 

moomoo setup and funding guide step 3e

Once your account has been approved, you can start your investing journey with Moomoo. 

You can choose to use the Moomoo platform either through their mobile or desktop app.  

moomoo setup and funding guide step 3f

Once you have downloaded the mobile or desktop app, you are ready to start your investing journey with Moomoo!

Where can I find out more about Moomoo?

To find out more about Moomoo including how much it costs to buy and sell stocks, read our detailed review on Moomoo.

To learn more about Moomoo Cash Plus, read our detailed review here.

To learn more about cash management accounts, read our guide here

To find out the latest perks of signing up for a Moomoo account, check out the latest Moomoo promo here. 

Happy investing!

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