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 Moomoo trading platform review

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Medufsaid
post Jul 14 2024, 08:43 PM

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QUOTE(markedestiny @ Jul 14 2024, 08:26 PM)
quickly fund your SG account for the Welcome Reward which has been extended until 23/7/24.
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yes... good rewards https://www.moomoo.com/sg/support/topic5_128
QUOTE
  • Reward 2

    (i) Receive 1 x Stock Bundle#: AAPL,NVDA, TSLA, SE, NIO (worth S$70)
  • Reward 3

    (i) Receive 3 x Stock Bundle#: AAPL, NVDA, TSLA, SE, NIO (worth S$210)
QUOTE
  • 70/S$3,000x12 wait 30d
    28% pa
  • 210/S$10,000x4 wait 90d
    8.4% pa
haven't even factor in moomoo SGD cash fund of 3.5%pa

This post has been edited by Medufsaid: Jul 14 2024, 08:45 PM
Medufsaid
post Jul 16 2024, 01:06 PM

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apowerfulskill deposit
  • wise
  • singapore bank account
withdrawal
  • singapore bank acct only available

Medufsaid
post Jul 16 2024, 02:34 PM

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ssiapf if already cash-settled/or just deposited, is near instant.

bottleneck is waiting for it to settle after selling stock

This post has been edited by Medufsaid: Jul 16 2024, 02:35 PM
Medufsaid
post Jul 17 2024, 06:25 PM

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QUOTE(ssiapf @ Jul 17 2024, 05:26 PM)
Why did I get a deduct rm16 I am new user?
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malaysian stamp duty of RM1 per RM1 to RM1,000 invested. So if you invest RM9000.01-RM10,000 you have RM10 stamp duty.

So u find out the rate for clearing fee. Commission by moomoo is fixed
Medufsaid
post Jul 17 2024, 09:37 PM

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not as good as the moomoo SG one
QUOTE(Medufsaid @ May 9 2024, 08:36 PM)
user posted image
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Medufsaid
post Jul 20 2024, 04:02 PM

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probably an issue with the Maybank MMF. i tried the other MYR MMF no issues withdrawing
Medufsaid
post Jul 21 2024, 10:02 AM

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spf referring to Moomoo SG withdrawal?
Medufsaid
post Jul 21 2024, 11:20 AM

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cweng93 very simple to decide, if your $1 is used to buy and hold an ETF for 10 years, deposit it to Moomoo MY

if you are using that $1 to do multiple short term trades, best put into SG
QUOTE(cweng93 @ Jul 21 2024, 11:16 AM)
cuz the rate is better but then its kinda hassle since u have to convert to SGD
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moomoo sg's SGD->USD conversion is not cheap. No IBKR miracle here

This post has been edited by Medufsaid: Jul 21 2024, 12:31 PM
Medufsaid
post Jul 22 2024, 11:47 PM

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ericlaiys T+1 confirmed, as long as before cutoff time (as opposed to KDI save T+0)

note: this is not the Maybank MMF one

This post has been edited by Medufsaid: Jul 22 2024, 11:49 PM
Medufsaid
post Jul 23 2024, 12:32 PM

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QUOTE(togekiss @ Jul 23 2024, 09:41 AM)
after depositing RM30k, it seems like you're already buying for the nvidia share. lol
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different risk exposure

you buy shares, shares can go to zero. RM30k put aside buy 1 share (assume 1 NVDA is RM500), worst case scenario becomes $0 so RM29.5k
RM30k put aside wait for rewards, worst case scenario unchanged at RM30k
Medufsaid
post Jul 30 2024, 02:26 PM

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well you forgot all about the platform fee and commission fee in moomoo (against ibkr)

This post has been edited by Medufsaid: Jul 30 2024, 02:30 PM
Medufsaid
post Jul 30 2024, 02:58 PM

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no LSE etfs on moomoo, if u actually did trade in moomoo you've known that. and to reduce LSE costs follow my strategy here
QUOTE(Medufsaid @ May 31 2024, 08:23 AM)
» Click to show Spoiler - click again to hide... «
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This post has been edited by Medufsaid: Jul 30 2024, 03:16 PM
Medufsaid
post Jul 31 2024, 12:10 PM

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If you transfer <RM2,500 other methods like duitnow will win moneymatch. It's above that till RM30k or so where you see the savings on moneymatch
Medufsaid
post Aug 6 2024, 11:06 PM

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QUOTE(ericlaiys @ Aug 6 2024, 10:50 PM)
they just cancel your buy/sell. u still got stock if u sell or money (if buy)
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it's messy if you buy something during overnight, then sell off in pre-market/normal hours.

end up you have a naked short bcos the initial purchase is cancelled.

so, popcorn time
Medufsaid
post Aug 7 2024, 01:22 PM

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CommodoreAmiga no, Barricade is saying that malaysians can trade SGX from Moomoo Malaysia itself
Medufsaid
post Aug 10 2024, 01:29 PM

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I think can manually redeem and buy stocks immediately. That or someone need to ask helpdesk if there's any discrepancy
QUOTE
2.1 Quick Redemption

Put your uninvested cash to work by investing in MMF, which can be redeemed immediately at any time for trading stocks, IPOs, and mutual funds.
https://www.moomoo.com/my/support/topic9_25...%20loan%20limit.

This post has been edited by Medufsaid: Aug 10 2024, 01:32 PM
Medufsaid
post Aug 16 2024, 10:24 AM

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tropik you can only sell them 9:30pm-4am

IBKR also same limitation
Medufsaid
post Aug 18 2024, 05:37 PM

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QUOTE(poooky @ Aug 18 2024, 12:49 PM)
Anyone calculate fees for buying us stocks. How much RM per transaction. Want to compare if worth it to buy rm500 per month through moomoo vs lump-sum ibkr every few months.
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Moomoo MY = $0.99+$0.42
IBKR $0.35
Medufsaid
post Aug 23 2024, 09:04 PM

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exclusive for existing moomoo SG users

user posted image
QUOTE
This event is only available to the existing clients of Moomoo Financial Singapore Pte. Ltd.

(Existing users who have previously made deposit of fresh fund of any amount into their Moomoo SG Universal account before 10:00PM SGT on 23/7/2024)

Each existing client is entitled to participate in this event once.

Moomoo Financial Singapore Pte. Ltd. reserves the right to change the eligibility criteria (eligible clients) for the event.

Existing users who have previously participated in the past existing user promotions are still eligible to participate in this promotion.


This post has been edited by Medufsaid: Aug 23 2024, 09:05 PM
Medufsaid
post Sep 1 2024, 09:33 PM

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adam1190 yup
QUOTE(Medufsaid @ Apr 28 2024, 05:55 PM)
rejected

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actually the same thing for IBKR also. you can deposit from Wise to IBKR. you cannot directly withdraw from IBKR to Wise. it needs to go through local USA bank

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