Moomoo trading platform review
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 Mar 2 2024, 11:56 AM
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#21
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Senior Member
3,493 posts Joined: Jan 2003 
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ipohps3 for every RM1000 that you trade, you have to pay RM1 malaysian stamp duty.
so $10k = RM47,450, you have to pay RM48 (round up to nearest RM1000) aka $10.11 in stamp duty This post has been edited by Medufsaid: Mar 2 2024, 12:09 PM |
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Mar 2 2024, 09:03 PM
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#22
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Senior Member
3,493 posts Joined: Jan 2003
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QUOTE(chupapi_munyayo @ Mar 2 2024, 07:05 PM) I fund SGD to buy USD better than I fund MYR to buy USD Moomoo M'sia doesn't accept SGD. and if you are using Moomoo SG (hence u can fund SGD), the commission is way cheaper without malaysian stamp duty QUOTE  |
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Mar 2 2024, 10:44 PM
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#23
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Senior Member
3,493 posts Joined: Jan 2003
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QUOTE(tytung @ Mar 2 2024, 10:41 PM) my question is why need user to pay 8k beforehand let me give u an educated guess, they want to publish in the news and say that they set up shop and the already have RM millions asset under management |
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Mar 2 2024, 10:48 PM
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#24
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Senior Member
3,493 posts Joined: Jan 2003
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QUOTE(victorian @ Mar 2 2024, 10:45 PM) short term of course they are burning cash to increase their market share. yup, not a new strategy. in fact there's a word for it -> blitzscaling |
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Mar 2 2024, 11:01 PM
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#25
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Senior Member
3,493 posts Joined: Jan 2003
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QUOTE Where is my money kept? https://www.moomoo.com/myYour money is kept entirely unmingled with moomoo Malaysia's finances. Moomoo Malaysia clients' assets are held through a custodian account and are fully segregated from Moomoo Malaysia 's finances. Moomoo Financial Inc. is a member of SIPC, which protects securities customers of its members up to $500,000. Our in-explanatory brochure is available upon request or at www.sipc.org. anyway i don't think something can be approved by SC malaysia without such custodian services. even Luno does it This post has been edited by Medufsaid: Mar 2 2024, 11:02 PM |
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Mar 2 2024, 11:27 PM
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#26
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Senior Member
3,493 posts Joined: Jan 2003
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Moomoo is a subsidary of FUTU, and is backed by Tencent. Have you googled them up before assuming that they are trying to earn 10% in 1 month to cover the losses
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Mar 3 2024, 07:15 AM
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#27
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Senior Member
3,493 posts Joined: Jan 2003
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bourse yes, but not London LSE etfs. so something like iShares MSCI ACWI UCITS ETF USD can't be found in Moomoo
open IBKR account instead if you can |
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Mar 3 2024, 05:42 PM
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#28
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Senior Member
3,493 posts Joined: Jan 2003
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Fortezan yes, but you'll have to do the "team version" of the promo. group up with someone new and both of you deposit RM6k each for 1 month
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Mar 3 2024, 11:02 PM
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#29
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Senior Member
3,493 posts Joined: Jan 2003
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Maniee27 yes
QUOTE Fees comparison   |
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Mar 5 2024, 06:52 AM
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#30
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Senior Member
3,493 posts Joined: Jan 2003
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eddie2020 no need to transact to verify. MPlus / Rakuten has to charge you Malaysian Stamp Duty also. you want to avoid, use Moomoo SG (malaysians cannot open this now) or IBKR
QUOTE(Medufsaid @ Mar 2 2024, 10:52 AM) wow i calculated & verfied in moomoo app. so if i buy US10k, my commission charged will be $12 (promo) or $15 (normal pricing). $10 goes to Madani  it's better to have a moomoo SG account |
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Mar 5 2024, 09:27 AM
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#31
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Senior Member
3,493 posts Joined: Jan 2003
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QUOTE(ronnie @ Mar 5 2024, 09:20 AM) What's the fees for trading Malaysia stocks on MooMoo MY ? QUOTE This post has been edited by Medufsaid: Mar 5 2024, 09:28 AM |
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Mar 5 2024, 07:31 PM
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#32
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Senior Member
3,493 posts Joined: Jan 2003
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QUOTE(anakMY @ Mar 5 2024, 07:19 PM) Not less than 8000 means 8000 and above. So 8000 is ok. if u started Day 1 with RM8k, it's ok. If you initially put RM500, then topup Day 2 with RM7500, you'll actually need to topup more, as the Day 1 figure will pull your avg down |
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Mar 6 2024, 10:04 AM
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#33
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Senior Member
3,493 posts Joined: Jan 2003
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you can keep the TnC, but surely somewhere will state that they have the rights to amend the terms at any time if they need to
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Mar 6 2024, 01:08 PM
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#34
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Senior Member
3,493 posts Joined: Jan 2003
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can ask old timers about their $AAPL promo last time with Moomoo SG. doesn't seem to have ppl complaining they missed the stock (due to FCFS) after depositing S$2700 Davidtcf liked this post
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Mar 6 2024, 04:00 PM
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#35
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Senior Member
3,493 posts Joined: Jan 2003
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if liddat, use webarchive to save a copy whenever u want https://blog.archive.org/2017/01/25/see-som...-save-something
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Mar 6 2024, 09:12 PM
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#36
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Senior Member
3,493 posts Joined: Jan 2003
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QUOTE(tzxsean @ Mar 6 2024, 08:49 PM) so are we purely speculating now or there is some basis to it? hmm pure speculation since someone has already asked customer service. if in doubt, you can send an email to Moomoo MY |
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Mar 6 2024, 10:42 PM
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#37
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Senior Member
3,493 posts Joined: Jan 2003
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vnown75 vnown75 liked this post
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Mar 7 2024, 08:18 AM
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#38
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Senior Member
3,493 posts Joined: Jan 2003
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beLIEve I think they are afraid they get 1 Grab share @ $4 rather than $AAPL @ $175
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Mar 7 2024, 09:13 AM
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#39
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Senior Member
3,493 posts Joined: Jan 2003
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MPIK
QUOTE(p4n6 @ Mar 7 2024, 07:57 AM) I bank in 8k on 1st March but only click the Apple Share voucher yesterday on 6th March. Then i saw it says valid till April 5th. make sure you start the countdown timer. Moomoo received my bank-in at 5:30pm (as per the email notification) but my countdown only started at 8pm once i trigger the countdown |
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Mar 7 2024, 02:56 PM
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#40
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Senior Member
3,493 posts Joined: Jan 2003
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jenern84 are u referring to this?
QUOTE(Barricade @ Mar 1 2024, 01:18 PM) Based on their instagram post.... already 10,000 signup for the first 3 days. That's RM9mil worth of Apple Shares. Just a matter of time before reward ran out. |
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