See my footer.

I don't know if Tiger is better yet, still opening Moomoo, gonna deposit some money to try get AAPL stock and see how it goes.

Are you trying to troll? I already answered here.
I will be opening Moomoo also once my salary masuk. Useful as have free live price and possible free live price for options.

In your opinion, is Moomoo better than Tradestation Global / Interactive Brokers?

This post has been edited by kart: Apr 22 2021, 05:05 AM

Depends what are you looking for. Pure IBKR is still the cheapest in terms of commission and margin rates.

Only cons is no access to real time price, complex interface.

Moomoo only good for
1) real time price
2) possible real time option price (have not opened so cannot confirm)
3. Free apple shares.
4. Charting
5. US people as they get free trades while we have to pay.

I am only going to open moomoo for 1, 2 & 3. Nothing more.

If moomoo can lower their commision to IB price, and their margin at IB rates, it will be fantastic. Until then we can just dream on.

This post has been edited by Ramjade: Apr 22 2021, 11:02 AM

Holy fucking shit, Moomoo is way faster than Tiger.

Deposit is acknowledged in < 1 min, as opposed to Tiger's 5 minutes.

Their mobile UI and stability, translations etc are done better than Tiger.

I will use both for a few months to see, no harm putting stocks in both accounts, they don't impose custodian or inactivity fees anyway.

Agreed. Moomoo is superior to tiger in every way. You opened with passport or IC?

Passport, not living in SG.

They don't accept Malaysian IC?
Cause tiger accept Malaysian IC.

This post has been edited by Ramjade: Apr 22 2021, 12:53 PM

They don't. But MY passport + MY proof of address work just fine.

Damn. My passport expired.

Yikes, apart from this, really no point renewing passport now until we are allowed to travel again.

Same issue with stashaway. They refuse to let me open unless I have passport. Was going to use stashaway as parking for my money. Thanks.

Are you guys sure it's really commission-free?

I spotted some marketing tricks.

Commission is low and attractive, looks good for promotion on index page of website, but look closely at the "platform fee" part.

https://support.futusg.com/en-us/category11029

So commission-free means you will still be deducted platform fee from your cash/margin account.

This makes me laugh lol:



They should say:

It's only commission free if you are US citizen. Otherwise you pay.

Wrong. The platform fees here is only activated and add to your trading coms if you are buying and selling. If there is no activity inside your account, no platform fees. It is not like FSM platform fees which will be minus every quarter. Moomoo call it platform fees but in reality it is just extra commission charged on top of m=normal commission.

This post has been edited by Ramjade: Apr 22 2021, 03:42 PM

Yes extra commission is still commission. The true cost is the commission + "platform fee". (You are right about the US citizen part.)

And even if you don't buy or sell within the same month, any purchase and selling after one-month since last trade will still incur that fee.



So you buy one stock of APPL, not selling it within one month, incur first charge of platform fee. One month later if you sell it, it's another month, so any buy/sell activity more than one month after the last order will result in platform fee being charged. (The fee is charged for cumulative orders per month.)

That's what I understand. Maybe I am wrong. Feel free to correct me.

EDIT: here's the chinese version, for better understanding. https://support.futusg.com/zh-cn/topic76?lang=zh-cn



So the platform fee is charged once, if the order is fulfilled in multiple blocks.
And the platform fee is based on cumulative orders per month.

This post has been edited by TOS: Apr 22 2021, 03:58 PM

Nvm I stick with tradestation dulu. No real incentive to switch.

Moomoo Tiger all these, is not approved by SC Malaysia, may i know how to ensure it is safe to trade and withdraw back to Malaysia bank account.
Wont it become etoro 2.0?

sorry my question might sound silly.

Just to say that I may be wrong. Their wordings are kind of confusing. Let's listen to sifu first.

Interactive Broker also not regulated by SC. TD Ameritrade, Robinhood etc. all the same. But they are regulated by MAS, SFC (Hong Kong Securities and Futures Commission) and/or SEC (US).

So we usually refer to foreign regulators rather than local regulators for these products. Some, in fact many of them, are listed in various exchanges. So they have ARs, financial reports and even shareholders to answer to. That also means prospective retail investors can read them to safeguard their own interest.

It is important to realize that foreign brokers are NOT Ponzi schemes or other kinds of money games. You are recommended to read the documents from their websites.

Can also look up on MAS, SEC/SFC to verify their identity:

https://eservices.mas.gov.sg/fid/institutio...NGAPORE-PTE-LTD

https://brokercheck.finra.org/firm/summary/36418 (For US case, you will come across FINRA quite often. https://www.investopedia.com/ask/answers/ho...ra-differ-sec/)

This post has been edited by TOS: Apr 22 2021, 06:36 PM

Sell during promo period I think 90 days where it's free. After all the apple shares are free if charge.

Who cares about SC Malaysia. They blocked TD even when it's legit.

Interactive broker not approved by SC Malaysia and yet I still can get my money back into SG bank account. So why bother about SC Malaysia? Their blockage is political.

Just done approval, deposit today. Now kena wait for free Tim Apple share.