Yup in term of those broker that is recognised and registered with SCM..
Other non registered I dunno la but don't advise you to signup with those not registered even when the fee is 0..
Now Moomoo got this 0% commission but for 180 days only la..

Aren't RM3 Platform Fee = brokerage fee ?

ronnie no. commission is commission. platform is platform. for moomoo SG, it's commission free forever. however there's a platform fee

This post has been edited by Medufsaid: Mar 18 2024, 01:02 PM

Actually not entirely true that is cheaper to find ibkr account using wise. I just did a simple conversion using current moomoo rate and realise that I could get USD 21,101.09 (by converting RM 100,000) compared to getting only USD 21,050.49 via wise (by converting using RM 100,000 as well). This translates to getting an extra USD 50.6 in moomoo (USD 21,101.09 - USD 21,050.49).

Having this extra USD 50.6 should be able to more than fully offset the stamp duty charges by Malaysia government if the trade value is RM 100,000 which will incur a stamp duty of RM 100.

adam1190

1. i don't use wise to fund IBKR. i'm using moneymatch that offers same rate as Moomoo. i'm using Wise to illustrate how even using an expensive remittance company is still the smarter choice in the long run
2. $21101.09 translate to RM99565.49. that's RM100/U$21.19 in stamp duty. you buy once, sell once. then buy something else, you just paid U$63.57 in stamp duty
   QUOTE(Medufsaid @ Mar 2 2024, 11:35 AM)
   you do 2 round trips (buy-sell-buy-sell) can recover that costs (thanks to Moomoo MY madani 0.1% tax)
   

   

with good conscience, i cannot recommend moomoo Malaysia to ppl based on fees alone. unless you really only buy one ETF and hold them for years till you retire. and your investment strategy never ever changes

This post has been edited by Medufsaid: Mar 18 2024, 08:43 PM

My bad, yea is cheaper using ibkr if a person has a few trades and my example is only valid if a person only has around 2 transactions or less

How do we use "MY Securities LV2 1" coupon ? what is their function ?

Anyone not getting their referral rewards? My friend has already deposited RM8000 and got the apple share but I don't see my referral cash coupon is given to me...

in every shares buy and sell q,
you cn get 5 quotes depth instead of 3 default depth.

quick question, if buying share using this platform, for any notifications like agm, dividend payout, etc. will we get the notifications via the email address registered with moomoo?

I also claim the apple share. But need wait 30 days

Unless you gambling, just stick to market order will do.

modified

This post has been edited by sellery2: Mar 24 2024, 01:56 PM

sellery2 it's 0.001. Or 0.1%

I hope you just started investing only. If you can't do math then...

I see there are some charges when buying shares, how about when selling?

first 6 months no fee... after that only got...

Where to check the charge info for after 6 months?

It's commission fee free for six months. Not completely free of charge. Still have to pay platform fees and stamp duty.

you can always check before you buy/sell. notice that line that says "Comission"

you first time buy and sell shares ?
The same fees applies when you buy and sell stocks on Moomoo
1. platform fee
2. clearing fees
3. stamp duty