MooMoo is popular for mainstream stocks... You will certainly be filled trading / investing in popular ones... But it's a small brokerage firm that cannot compare to the deep liquidity access and partners who are willing to fill your positions which Interactive Brokers have...

To me, I make money... I exit positions... I fund it back out into WISE, and into my bank... No qualms, no issues, whatsoever...

Again, it's just my very own perspective...

why my submit button is being grey out but when i put lower value only it lit up, means that I can't convert all my sgd to usd?

err, mind to share which voip to use?

Yes. They have a chance of failing to fill your trades...
Bro Ramjade, I am not going to argue with you...

I went to MooFest last week and spoke to some of their Head of Departments. I also spoke to one of their advisors too, who is a trader, and that fella said the same thing about liquidity issue...

MooMoo is sort of a small/mid-sized firm so liquidity access to various kinds of little-known counters remain somewhat limited...

Again, it's just what I went through... In fact, some of the stocks I recommended publicly in this forum here (which made money btw), you are not able to fill it via MooMoo...

Anyway, it's just my opinion... everybody else should research and validate on their own...

How much money can you save though if using method 1?

Say I'm transferring RM100k from my Malaysian bank to IBKR, how much can I save using method 1 compared to method 2?

If the saving is not much, I think I'll stick to method 2 which I'm using now as it's more straightforward.

Hi all,

I received email notification that my USD balance is about to close.



I wish to retain the USD balance so I will need to either transfer USD from IBKR to Wise USD balance or deposit MYR/SGD into Wise and convert via Wise internally to fund my USD balance.

Do you guys have any suggestions which method costs less money?

If I move money from IBKR to Wise, I will convert to MYR and move to my MY digital bank accounts. Conversion done by Wise will incur charges... Another alternative is to move money from IBKR to Wise, then move back again to IBKR... but not sure if there are charges for this.

If move money from MYR/SGD to Wise then convert to USD, Wise will charge money in the process... still incur costs.

Thanks for the suggestion ya everyone.

Haven't been here for a looooong time