I am new to moomoo I just want to get the free shares since I am on it might as well park it in SmartSave.

It's not convenient yes because of the T+1/2 eveytime they trigger and if u want to redeem.

BUT Why not worthy? is there extra charges?

There are always have other MMF which gives better rate than MooMoo, eg. Shopee 3.56% average.
I just use SmartSave coz i have the 10% extra return fund coupon.
And maybe redeem 20k points for MYR 20 fund cashback , MYR 200 min investment.
(I'm talking about MYR fund thou)

Which is the best platform to use to invest in S&P 500?

Ideally, you would want to use UCITS ETFs due to better taxation. But then moomoo does not allow trading UCITS ETFs yet. So you may have to look at other options such as IBKR (Very low fees) or FSMOne (Fees on the higher side for small trade sizes).

This post has been edited by Gwynbleidd: May 15 2026, 01:30 PM

Deleted (Double posted)

This post has been edited by Gwynbleidd: May 15 2026, 01:31 PM

I turn off Smart Save because it forces margin leverage to turn on, which I really dont like. With Smart Save off, I manually withdraw when needed. That said, I only put in for the free shares, MMF is not flexible like some mentioned, need T+1 or T+2 for withdrawal.
I also noticed that MMF interest is not daily, which I don't understand why, but it is only short term placement for me, so I don't really care, just curious.

yeah..i put some cash in but i forgot that i turned smart save off, and it auto invested into my MMF. Then i have to redeem it and it takes T+2.

I've wasted so much time there because the money was originally intended for currency exchange to USD. Now rate not so good anymore, i wasted time and money there.

This post has been edited by lerijiso: Yesterday, 04:26 PM