For those with MoneyOwl accounts:

https://www.moneyowl.com.sg/medias/moneyowl...ss-by-end-2023/

https://links.sgx.com/FileOpen/iFAST%20Corp...t&FileID=771257

I just transferred my money out of FSM SG into MoneyOwl, and now it's returning to iFAST...

Does the compensation model of the company matter? We had thought about this quite a lot, not just for the wind-down, but for the industry and market in general. MoneyOwl believes that commissions do create a conflict of interest. But we have never taken the stance that all commissioned advisers are bad advisers or that all salaried advisers are good advisers. In practice, there are many commissioned advisers who do a good job and truly care for their clients. Being fee-based or fee-only also does not mean that there won’t be other types of conflicts of interests. For example, if the adviser just wants to grow volume of AUM to maximise wrap fees at all costs, this could put the client at risk if growth becomes unsustainable or if clients are pushed to invest even when they should not. From what we see in other countries who have banned commissions, advisers also tended not to be as interested in those who don’t have that much to invest. 

just managed to open SG version via VPN

Hi, can you advise the steps you use to open moomoo SG version via VPN, i do not have address in SG and also not PR.
Thanks

Hi, can you advise the steps you use to open moomoo SG version via VPN, i do not have address in SG and also not PR.
Thanks

Use get windscribe VPN. It's free. You don't need SG address or PR

The talk hosted by iFAST and MoneyOwl just ended. There is no legal commitment from iFAST that the fees will remain the same in the future.

Pretty sure they will raise the charges/start charging platform fees a few years later.

My bank issued token has failed (OCBC). I have been trying to register my Malaysian mobile number to receive TAC, but unable to do so. Do I have to request for this over the counter?

My bank issued token has failed (OCBC). I have been trying to register my Malaysian mobile number to receive TAC, but unable to do so. Do I have to request for this over the counter?

Download the ocbc app? Alternatively give them a call.

Ramjade is right, nowadays OCBC uses "OCBC OneToken"

Remarks: i accidentally setup onetoken on wrong phone (old phone), i have requested the 6 digit Token Key (sended by slow mail) on 1 Sept.

and i am still waiting for it.

Did you google before asking..

Did you google before asking..

did you check the year of the post before replying? 2010 dude

Just sharing my recent experience trying to open a CIMB SG account.

I already have a CIMB MY account and applied for CIMB SG on 13 August. The form filling was easy and the account was created on the same day. I transferred SGD1k from my DBS SG via Ifast and also applied to link my CIMB MY account and CIMB SG account.

Accounts were linked on 16 August and I transferred SGD5 from CIMB MY to CIMB SG.

Note that my account had been created but not approved.

On 16 August I received an email from CIMB SG asking for my bank statement showing proof of salary crediting. I provided this and also reiterated that I am an existing CIMB MY and DBS SG account holder and had made transfers in via both accounts.The email also asked my intended purpose for opening the account. I responded saying I wanted to open the account for investment, depositing SGD and spending for personal use during visits to Singaporean.

8 days passed without any response.

On 24 August I sent a follow up.

On 29 August I received an email asking for proof of investment in SG. I responded saying that I already told them that my intention is for investment (such as FD deposit in SGD) and how can I prove my future intention when the account is not even opened?

Very frustrated at how long and nonsensical this process has been. I'm really regretting opening this account and now have SGD1005 stuck there, and a very slow and inefficient account opening team. I just hope they will give me my money back if they disallow my account opening.

Yours sounds so easy.

I'm asking them to cancel my application and return my money if they're gonna make this so difficult for me. Will stick with DBS.

Just sharing my recent experience trying to open a CIMB SG account.

I already have a CIMB MY account and applied for CIMB SG on 13 August. The form filling was easy and the account was created on the same day. I transferred SGD1k from my DBS SG via Ifast and also applied to link my CIMB MY account and CIMB SG account.

Accounts were linked on 16 August and I transferred SGD5 from CIMB MY to CIMB SG.

Note that my account had been created but not approved.

On 16 August I received an email from CIMB SG asking for my bank statement showing proof of salary crediting. I provided this and also reiterated that I am an existing CIMB MY and DBS SG account holder and had made transfers in via both accounts.The email also asked my intended purpose for opening the account. I responded saying I wanted to open the account for investment, depositing SGD and spending for personal use during visits to Singaporean.

8 days passed without any response.

On 24 August I sent a follow up.

On 29 August I received an email asking for proof of investment in SG. I responded saying that I already told them that my intention is for investment (such as FD deposit in SGD) and how can I prove my future intention when the account is not even opened?

Very frustrated at how long and nonsensical this process has been. I'm really regretting opening this account and now have SGD1005 stuck there, and a very slow and inefficient account opening team. I just hope they will give me my money back if they disallow my account opening.