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 Moomoo trading platform review

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ericlaiys
post Mar 24 2024, 02:55 PM

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QUOTE(Lancer07 @ Mar 24 2024, 02:34 PM)
need register, just a click only
*
don't see it on my app
Lancer07
post Mar 24 2024, 03:03 PM

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QUOTE(ericlaiys @ Mar 24 2024, 02:55 PM)
don't see it on my app
*
Under account tab, there will be a banner for 2% pa as long as your asset ≥ rm6000


ericlaiys
post Mar 24 2024, 03:10 PM

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QUOTE(Lancer07 @ Mar 24 2024, 03:03 PM)
Under account tab, there will be a banner for 2% pa as long as your asset ≥ rm6000
*
nope don't have
danielxia
post Mar 24 2024, 04:55 PM

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I have serious doubt and concerns on MooMoo.

I opened an MooMoo ac couple of weeks ago. And deposited RM 2K into it.
I run through couple of fundamental transactions (as below…) before deposit significant amount money into it, and for my Shares Trading.

1. I Deposited RM 2K into it, it took around 2-3 hours to reflect the balance into my MooMoo Apps which is Fine and Acceptable.

2. I submitted a withdrawal of RM 50 request; and 3 days had been passed by the request still “Pending” which is NOT Acceptable.

3. I only able to view up to 3 Bid or Ask, and this is a JOKE. By default, All the Local Malaysia Banks Trading Website platform I am able to view 5 Bid or Ask (e.g. RHB/Hong Leong & etc.).

And if I wanted to subscribe able to view up to 5 or 10 Bid or Ask (MY Securities LV2 or MY Securities LV3 packages). I am NOT able to Subscribe and it display I do NOT have an A/C therefore I am NOT able to Subscribe….What the hack…

4. Since the Shares I bought is NOT link to my CDS account….and I how do I received my Dividend and which Bank and Bank A/C they will deposit into my Dividend…

5. I had submitted my concerns on Message>>Online Inquiry>>But again it is a waste of time. It did not provide any solution for my questions.

6. I also wanted to DISABLE Margin A/C trading, I only wanted Cash AC trading, I browse through all the Setting, I am NOT able to find where I can Disable it.
This is very critical for Inexperience Trader. U do NOT want accidently end up needed to pay all the Sky-High margin Interest Fee, and U might end up being slaughter by Loan Shark or People throw “Red Paint” on your house….

7. Last but not least, I read a lot of posts it said MooMoo is backed by Tencent, for me more like an UpSale Scam. I browse all MooMoo website I’m NOT able to find any information on it. If any of U got further information on it, please share the Http URL link. Thanks


And Finally, My view is Before We start using them, We wanted to explore and find out What are the Risk involving to trade in MooMoo Platform. After All We are in this for the Long Term, We aim for the Long-Term Security….

Look at what happened to MyAirline, it is endorsed and allowed by M’sia Government to Operate but till today it still NOT yet settled who had pre-booked flight tickets amounting to RM20 millions.

This post has been edited by danielxia: Mar 24 2024, 04:56 PM
yhtan
post Mar 24 2024, 04:57 PM

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From: lolyat


QUOTE(danielxia @ Mar 24 2024, 04:55 PM)
I have serious doubt and concerns on MooMoo.

I opened an MooMoo ac couple of weeks ago. And deposited RM 2K into it.
I run through couple of fundamental transactions (as below…) before deposit significant amount money into it, and for my Shares Trading.

1. I Deposited RM 2K into it, it took around 2-3 hours to reflect the balance into my MooMoo Apps which is Fine and Acceptable.

2. I submitted a withdrawal of RM 50 request; and 3 days had been passed by  the request still “Pending” which is NOT Acceptable.

3. I only able to view up to 3 Bid or Ask, and this is a JOKE. By default, All the Local Malaysia Banks Trading Website platform I am able to view 5 Bid or Ask (e.g. RHB/Hong Leong & etc.).

And if I wanted to subscribe able to view up to 5 or 10 Bid or Ask (MY Securities LV2 or MY Securities LV3 packages). I am NOT able to Subscribe and it display I do NOT have an A/C therefore I am NOT able to Subscribe….What the hack…

4. Since the Shares I bought is NOT link to my CDS account….and I how do I received my Dividend and which Bank and Bank A/C they will deposit into my Dividend…

5. I had submitted my concerns on Message>>Online Inquiry>>But again it is a waste of time. It did not provide any solution for my questions.

6. I also wanted to DISABLE Margin A/C trading, I only wanted Cash AC trading, I browse through all the Setting, I am NOT able to find where I can Disable it.
This is very critical for Inexperience Trader. U do NOT want accidently end up needed to pay all the Sky-High margin Interest Fee, and U might end up being slaughter by Loan Shark or People throw “Red Paint” on your house….

7. Last but not least, I read a lot of posts it said MooMoo is backed by Tencent, for me more like an UpSale Scam.  I browse all MooMoo website I’m NOT able to find any information on it. If any of U got further information on it, please share the Http URL link. Thanks
And Finally, My view is Before We start using them, We wanted to explore and find out What are the Risk involving to trade in MooMoo Platform. After All We are in this for the Long Term, We aim for the Long-Term Security….

Look at what happened to MyAirline, it is endorsed and allowed by M’sia Government to Operate but till today it still NOT yet settled who had pre-booked flight tickets amounting to RM20 millions.
*
Most of the local platform is offering 3 bid, i use RHB and Itrade and by default 3 bid, if u want 5 bid has to pay for it


Cookie101
post Mar 24 2024, 05:12 PM

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QUOTE(danielxia @ Mar 24 2024, 04:55 PM)
I have serious doubt and concerns on MooMoo.

I opened an MooMoo ac couple of weeks ago. And deposited RM 2K into it.
I run through couple of fundamental transactions (as below…) before deposit significant amount money into it, and for my Shares Trading.

1. I Deposited RM 2K into it, it took around 2-3 hours to reflect the balance into my MooMoo Apps which is Fine and Acceptable.

2. I submitted a withdrawal of RM 50 request; and 3 days had been passed by  the request still “Pending” which is NOT Acceptable.

3. I only able to view up to 3 Bid or Ask, and this is a JOKE. By default, All the Local Malaysia Banks Trading Website platform I am able to view 5 Bid or Ask (e.g. RHB/Hong Leong & etc.).

And if I wanted to subscribe able to view up to 5 or 10 Bid or Ask (MY Securities LV2 or MY Securities LV3 packages). I am NOT able to Subscribe and it display I do NOT have an A/C therefore I am NOT able to Subscribe….What the hack…

4. Since the Shares I bought is NOT link to my CDS account….and I how do I received my Dividend and which Bank and Bank A/C they will deposit into my Dividend…

5. I had submitted my concerns on Message>>Online Inquiry>>But again it is a waste of time. It did not provide any solution for my questions.

6. I also wanted to DISABLE Margin A/C trading, I only wanted Cash AC trading, I browse through all the Setting, I am NOT able to find where I can Disable it.
This is very critical for Inexperience Trader. U do NOT want accidently end up needed to pay all the Sky-High margin Interest Fee, and U might end up being slaughter by Loan Shark or People throw “Red Paint” on your house….

7. Last but not least, I read a lot of posts it said MooMoo is backed by Tencent, for me more like an UpSale Scam.  I browse all MooMoo website I’m NOT able to find any information on it. If any of U got further information on it, please share the Http URL link. Thanks
And Finally, My view is Before We start using them, We wanted to explore and find out What are the Risk involving to trade in MooMoo Platform. After All We are in this for the Long Term, We aim for the Long-Term Security….

Look at what happened to MyAirline, it is endorsed and allowed by M’sia Government to Operate but till today it still NOT yet settled who had pre-booked flight tickets amounting to RM20 millions.
*
U can turn off margin. Go settings etc.

Did u go through the basic platform guide? It is being taught there.
Barricade
post Mar 24 2024, 05:21 PM

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4,148 posts

Joined: May 2005
QUOTE(danielxia @ Mar 24 2024, 04:55 PM)
I have serious doubt and concerns on MooMoo.

I opened an MooMoo ac couple of weeks ago. And deposited RM 2K into it.
I run through couple of fundamental transactions (as below…) before deposit significant amount money into it, and for my Shares Trading.

1. I Deposited RM 2K into it, it took around 2-3 hours to reflect the balance into my MooMoo Apps which is Fine and Acceptable.

2. I submitted a withdrawal of RM 50 request; and 3 days had been passed by  the request still “Pending” which is NOT Acceptable.

3. I only able to view up to 3 Bid or Ask, and this is a JOKE. By default, All the Local Malaysia Banks Trading Website platform I am able to view 5 Bid or Ask (e.g. RHB/Hong Leong & etc.).

And if I wanted to subscribe able to view up to 5 or 10 Bid or Ask (MY Securities LV2 or MY Securities LV3 packages). I am NOT able to Subscribe and it display I do NOT have an A/C therefore I am NOT able to Subscribe….What the hack…

4. Since the Shares I bought is NOT link to my CDS account….and I how do I received my Dividend and which Bank and Bank A/C they will deposit into my Dividend…

5. I had submitted my concerns on Message>>Online Inquiry>>But again it is a waste of time. It did not provide any solution for my questions.

6. I also wanted to DISABLE Margin A/C trading, I only wanted Cash AC trading, I browse through all the Setting, I am NOT able to find where I can Disable it.
This is very critical for Inexperience Trader. U do NOT want accidently end up needed to pay all the Sky-High margin Interest Fee, and U might end up being slaughter by Loan Shark or People throw “Red Paint” on your house….

7. Last but not least, I read a lot of posts it said MooMoo is backed by Tencent, for me more like an UpSale Scam.  I browse all MooMoo website I’m NOT able to find any information on it. If any of U got further information on it, please share the Http URL link. Thanks
And Finally, My view is Before We start using them, We wanted to explore and find out What are the Risk involving to trade in MooMoo Platform. After All We are in this for the Long Term, We aim for the Long-Term Security….

Look at what happened to MyAirline, it is endorsed and allowed by M’sia Government to Operate but till today it still NOT yet settled who had pre-booked flight tickets amounting to RM20 millions.
*
Wow can type so long essay but cannot do a simple search on google? https://en.wikipedia.org/wiki/Futu

FYI people in other countries eg Singapore have been trading on this platform for years, I'm one of them.

danielxia
post Mar 24 2024, 05:25 PM

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Joined: Jan 2015


QUOTE(yhtan @ Mar 24 2024, 04:57 PM)
Most of the local platform is offering 3 bid, i use RHB and Itrade and by default 3 bid, if u want 5 bid has to pay for it
*
Thanks for the correction.
xrossf1re
post Mar 24 2024, 05:27 PM

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244 posts

Joined: Aug 2008



QUOTE(danielxia @ Mar 24 2024, 04:55 PM)
I have serious doubt and concerns on MooMoo.

I opened an MooMoo ac couple of weeks ago. And deposited RM 2K into it.
I run through couple of fundamental transactions (as below…) before deposit significant amount money into it, and for my Shares Trading.

1. I Deposited RM 2K into it, it took around 2-3 hours to reflect the balance into my MooMoo Apps which is Fine and Acceptable.

2. I submitted a withdrawal of RM 50 request; and 3 days had been passed by  the request still “Pending” which is NOT Acceptable.

3. I only able to view up to 3 Bid or Ask, and this is a JOKE. By default, All the Local Malaysia Banks Trading Website platform I am able to view 5 Bid or Ask (e.g. RHB/Hong Leong & etc.).

And if I wanted to subscribe able to view up to 5 or 10 Bid or Ask (MY Securities LV2 or MY Securities LV3 packages). I am NOT able to Subscribe and it display I do NOT have an A/C therefore I am NOT able to Subscribe….What the hack…

4. Since the Shares I bought is NOT link to my CDS account….and I how do I received my Dividend and which Bank and Bank A/C they will deposit into my Dividend…

5. I had submitted my concerns on Message>>Online Inquiry>>But again it is a waste of time. It did not provide any solution for my questions.

6. I also wanted to DISABLE Margin A/C trading, I only wanted Cash AC trading, I browse through all the Setting, I am NOT able to find where I can Disable it.
This is very critical for Inexperience Trader. U do NOT want accidently end up needed to pay all the Sky-High margin Interest Fee, and U might end up being slaughter by Loan Shark or People throw “Red Paint” on your house….

7. Last but not least, I read a lot of posts it said MooMoo is backed by Tencent, for me more like an UpSale Scam.  I browse all MooMoo website I’m NOT able to find any information on it. If any of U got further information on it, please share the Http URL link. Thanks
And Finally, My view is Before We start using them, We wanted to explore and find out What are the Risk involving to trade in MooMoo Platform. After All We are in this for the Long Term, We aim for the Long-Term Security….

Look at what happened to MyAirline, it is endorsed and allowed by M’sia Government to Operate but till today it still NOT yet settled who had pre-booked flight tickets amounting to RM20 millions.
*
which cave do you live in? this company is listed in nasdaq with billions of assets and and you're comparing with myairline and calling it a scam, just because you're not capable to find more information about it? what a joke man.
danielxia
post Mar 24 2024, 05:27 PM

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8 posts

Joined: Jan 2015


QUOTE(Cookie101 @ Mar 24 2024, 05:12 PM)
U can turn off margin. Go settings etc.

Did u go through the basic platform guide? It is being  taught there.
*
No such Setting, If U know exactly, pls provide the Screen Capture/Image. Thanks.


danielxia
post Mar 24 2024, 05:29 PM

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QUOTE(xrossf1re @ Mar 24 2024, 05:27 PM)
which cave do you live in? this company is listed in nasdaq with billions of assets and and you're comparing with myairline and calling it a scam, just because you're not capable to find more information about it? what a joke man.
*
U working for them and paid by them to defend their company. That is your, after all I manage my risk and assets/money NOT U...What a joke man...
Cookie101
post Mar 24 2024, 05:30 PM

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QUOTE(danielxia @ Mar 24 2024, 05:27 PM)
No such Setting, If U know exactly, pls provide the Screen Capture/Image. Thanks.
*
😒

Attached Image
xrossf1re
post Mar 24 2024, 05:32 PM

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QUOTE(danielxia @ Mar 24 2024, 05:29 PM)
U working for them and paid by them to defend their company. That is your, after all I manage my risk and assets/money NOT U...What a joke man...
*
QUOTE(Cookie101 @ Mar 24 2024, 05:30 PM)
😒

Attached Image
*
not only stupid, but defend the stupidity. no need spoon-fed this troll.
danielxia
post Mar 24 2024, 05:33 PM

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Joined: Jan 2015


QUOTE(Barricade @ Mar 24 2024, 05:21 PM)
Wow can type so long essay but cannot do a simple search on google? https://en.wikipedia.org/wiki/Futu

FYI people in other countries eg Singapore have been trading on this platform for years, I'm one of them.
*
Yap, I knew it have been operated in SG years ago...
danielxia
post Mar 24 2024, 05:34 PM

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Joined: Jan 2015


QUOTE(xrossf1re @ Mar 24 2024, 05:32 PM)
not only stupid, but defend the stupidity. no need spoon-fed this troll.
*
I mean on Desktop Platform. Not Mobile.

user posted image

This post has been edited by danielxia: Mar 24 2024, 05:35 PM
yhtan
post Mar 24 2024, 05:34 PM

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From: lolyat


Does anybody short sell US stock on the platform, does it applicable to every stock?
tzxsean
post Mar 24 2024, 05:36 PM

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QUOTE(Lancer07 @ Mar 22 2024, 09:57 AM)
saw this on app today, need sign up only can get this promo
*
sign up what? don't see this as well

does having 8k cash considered qualify?
xrossf1re
post Mar 24 2024, 05:40 PM

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QUOTE(danielxia @ Mar 24 2024, 05:33 PM)
Yap, I knew it have been operated in SG years ago...
*
then why make idiotic remarks and calling it a scam? scam also scam Singaporeans first la.... scam you ar? whistling.gif why get annoyed and triggered just because you cannot find certain information about something. remember, it's not other's fault that you're an idiot.
Medufsaid
post Mar 24 2024, 05:42 PM

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QUOTE(danielxia @ Mar 24 2024, 05:34 PM)
I mean on Desktop Platform. Not Mobile.
*
how did u signup for moomoo? face verification through PC browser + webcam?
xrossf1re
post Mar 24 2024, 05:45 PM

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QUOTE(Medufsaid @ Mar 24 2024, 05:42 PM)
how did u signup for moomoo? face verification through PC browser + webcam?
*
hahahahaha!!! good one! rclxm9.gif

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