Is it ok? I saw got free apple share

Commission free trading

My Malaysian fren can apply too

Need to know if there's hidden cost like inactivity fee, option trading fee, withdrawal fee etc

Anyone using?

Yes ok. One of the good broker. Competitor is tiger. Moomoo is backed by tencent.

Is not commision free. Read properly. Commision free only for US customer. Asia get charged.

The fees are straight forward listed. The platform fees does not work like normal platform fees. They call it platform fees but you pay when you make a trade.

Keep in mind you need more than SGD2k to get that free apple share.

Wrong. It's perfectly legit. If scam, people won't be able to withdraw money.
If it's scam, it won't have license to operate in Singapore, HK and US.
If it's a scam, won't be backed by tencent.

This post has been edited by Ramjade: Apr 21 2021, 01:56 PM

It's not scam at all and it's under Tencent. Many singaporean join the Moomoo platform and also spend $2700 in order to get 1 apple share.

S$2700 is not spent, its just deposit and can be used to invest in other stuff right?

I heard got commission fee after 90 days but can't find info.

Also can't find other fees info.

Yup. That's right. You can even withdraw the money you deposit.

You didn't look hard enough.
https://www.moomoo.com/en-sg/act/welcome
https://support.futusg.com/en-us/topic76/h5

The closest I can find which is free is pure IB at USD0.35/transaction.

This post has been edited by Ramjade: Apr 21 2021, 04:55 PM

Sorry for misleading. Yes. Just deposit a $2700 to get 1 share of Apple.

My passport was expired can't apply it. haiz.

I think you don't need passport. IC can right? I opened tiger using IC.

Anyone know got inactivity fee and withdrawal fee?

Just Google la.
https://support.futusg.com/en-us/topic120/h5

No. You just need to pay when you perform trading.
PM me for referral link if you interested to sign up

30sgd withdrawal fee. Mahal la

Can I sign up then sell apple then come back? Will untung?

It's free when you withdrawal in SGD.

so doable kan? i in 2700, then run with apple share

transfer from CIMB Sg account into Moomoo (DBS POSB) via FAST, does it actually incur any charges? I just put in 10SGD to test water 5 mins ago.....

Yes doable. But better put in say SGD2800 for exchange reason.

Dunno how these brokers make money if we buy n hodl, Tiger gave me like SGD 170 in cash vouchers and now Moomoo keep giving ppl AAPL share, how?

They making more money than giving you free shares.

Tiger better ka? Maresia can apply?