Welcome Guest ( Log In | Register )

5 Pages < 1 2 3 4 5 >Bottom

Outline · [ Standard ] · Linear+

 Moomoo trading platform review

views
     
Ramjade
post Aug 22 2023, 08:19 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(joeblow @ Aug 22 2023, 07:31 PM)
Are we talking about the same thing?

https://www.moomoo.com/sg/fund/cashplus

FAQ

How to receive 5.8% p.a.?
New users who make their initial deposit of any amounts after June 30, 2023, 12:00 (SGT) can enjoy a 5.8% annualized yield on any underlying funds of Moomoo Cash Plus. The 5.8% annualized yield is only valid for 30 days. Max subscription amount into any funds under Moomoo Cash Plus for this campaign is S$ 80,000 for each user.

E.g., If the first fund, Fullerton SGD Fund chosen by a new user has a 3.9% annualized yield return, Moomoo SG will make up the difference to ensure a 5.8% annualized yield for 30 days after the client's first subscription.
*
I am not talking about promo. I am talking about what's is in my moomoo account. Not sure if includes promo or not. Here are 3 selection you can chose.
Moomoo, tiger and webull.
https://growbeansprout.com/moomoo-cash-plus-review
https://growbeansprout.com/tiger-vault-review
https://growbeansprout.com/webull-moneybull-review

Tiger and webull uses Fullerton USD cash A account
Moomoo uses CSOP USD money market fund
Ramjade
post Sep 7 2023, 12:29 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(gashout @ Sep 7 2023, 09:57 AM)
wait, putting money in ibkr gives you interest?

now its at 4.83%

shit, i dont dare to put now as i thought it doesnt give any interest.
*
First USD10k no interest. Subsequent amount only got interest.
Ramjade
post Jan 7 2024, 11:53 AM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(sohailili @ Jan 7 2024, 11:30 AM)
Because moomoo has launched in Msia (but yet to be able to trade), you need to have ur VPN to SG enabled in order to sign up under moomoo sg.
*
VPN also cannot. They want SG phone number.
Ramjade
post Jan 7 2024, 12:45 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(sohailili @ Jan 7 2024, 12:15 PM)
thats wierd. my friend got to register it few days before new year.
*
Last time can. But because they launching soon that why cannot open moomoo sg.
Ramjade
post Feb 27 2024, 05:06 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(TOS @ Feb 27 2024, 04:51 PM)
Moomoo arrived at Malaysia!

https://www.sinchew.com.my/news/20240227/finance/5423523

https://www.moomoo.com/my

Platform fee is 1 USD per order, plus a bunch of other charges, still more expensive compared to IBKR.  tongue.gif
*
Still cheaper than rakuten, FSM, mplus and other brokerage in Malaysia.
Ramjade
post Mar 30 2024, 05:33 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(jutamind @ Mar 30 2024, 05:24 PM)
Actually I don't understand why all these ebrokers don't allow trading of SGX shares perhaps with exception of FSMOne as far as I can recall
*
Possible bnm try to support Malaysian market. They cannot ban US market or less later unker Sam come and find fault. But other country fair game.
Ramjade
post Mar 30 2024, 06:01 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(jutamind @ Mar 30 2024, 05:55 PM)
If the ebroker can get license for US or HK trading, why not SG trading?
If want to protect Bursa, then don't allow any foreign trading at all.

Anyway, just wondering why SGX is always omitted for all these new Malaysian based ebrokers
*
Either that or Singapore govt side trying to make sure people use local brokerage. Singapore side can also be protective
Ramjade
post Apr 13 2024, 01:16 AM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


Moomoo Malaysia have any MMF funds?
Ramjade
post Apr 13 2024, 01:12 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(Ancient-XinG- @ Apr 13 2024, 10:47 AM)
for MY dun have parking facilities. i asked MMMY already. Only MMSG have CSOP or Fullerton.

Im moving slowly all MY from other platform to MMMY.

I still waiting MMSG to include LSE. If yes, i will move from IBKR to MMSG.

I suppose the fees isnt having a huge gap..? this i not sure.

last i buy MMSG for 3 BRKB charges just 1USD in total.
*
I just want to use their MMF if they have. Lol. Not interested in using moomoo MY for anything else as it looks quite subpar Vs Singapore side.

This post has been edited by Ramjade: Apr 13 2024, 01:12 PM
Ramjade
post Apr 13 2024, 02:44 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


Moomoo is direct CDS or nominee?
Ramjade
post Apr 13 2024, 02:54 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(preducer @ Apr 13 2024, 02:52 PM)
Nominees
*
Thank you. That explains the low fees.
Ramjade
post Apr 18 2024, 08:00 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(Xakiox @ Apr 18 2024, 07:23 PM)
Moomoo SG done approve same day, no need to be resident
Better go sign up if you want SG account just in case they change the rules later cos last time when moomoo MY launched many ppl say cannot sign up for SG acc
*
Good to know they are open back for business. Avangelice

This post has been edited by Ramjade: Apr 18 2024, 08:00 PM
Ramjade
post Apr 18 2024, 09:16 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(poooky @ Apr 18 2024, 08:54 PM)
Why want to open moomoo sg? To get fractions share? Or to buy sgx?
*
Buy sg shares.
Most important is 2nd reason below.
Get access to their MMF. One of the good places to park SGD or USD which you won't get with Moomoo Malaysia.

This post has been edited by Ramjade: Apr 18 2024, 11:03 PM
Ramjade
post Apr 20 2024, 02:01 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(alvintcn @ Apr 20 2024, 01:32 PM)
May I know is it better to apply SG or MY moomoo? What are the pros and cons.
*
Pros of moomoo sg
You get access to their mmf be it SGD or USD. You can park excess cash in SG while interest rate is high to earn risk free 3.7-3.8% and 5.x% respectively for SGD and USD.
You get access to sg market (nothing much which is good to buy there except for their banks and reits)

Cons of moomoo sg
Need to fund in SGD. You can wire in but you lose like 2-3% thanks to Malaysian banks hiking up the exchange rate.
No access to Malaysia market (not a big deal IMO)

This post has been edited by Ramjade: Apr 20 2024, 02:01 PM
Ramjade
post Apr 20 2024, 03:35 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(lola88 @ Apr 20 2024, 03:13 PM)
Hi, are the funds similar to Unit Trusts? I clicked subscribed and there is a sentence that mentioned they need to assess if we are suitable for Unit Trust. Also wont go wrong with either the Fullerton or CSOP US fund right?

user posted image
*
MMF is unit trust. They collect all your money then invest into FD or short term govt debts (bonds)

This post has been edited by Ramjade: Apr 20 2024, 07:52 PM
Ramjade
post Apr 24 2024, 10:07 AM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(lola88 @ Apr 24 2024, 09:28 AM)
This is like Unit Trust/Money market fund?
*
I already reply you few pages back. You asked the same questions. To be precise page 80. Money market fund is unit trust. They collect everyone money and buy FD or short term govt bonds.

I guess you didnt see my reply. Here is your question. My reply is just down there
» Click to show Spoiler - click again to hide... «



This post has been edited by Ramjade: Apr 24 2024, 10:12 AM
Ramjade
post Apr 24 2024, 11:06 AM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(Barricade @ Apr 24 2024, 10:56 AM)
Moomoo SG CSOP need to convert MYR to SGD to USD

FSM USD sweep MYR to USD

Which one more worth?
*
Not sure if you can fund directly using wise. Or use rhb multicurrency account. Convert RM to USD and send USD straight to moomoo sg. Rhb multicurrency have the best forex rate among all Malaysian banks.

This post has been edited by Ramjade: Apr 24 2024, 11:06 AM
Ramjade
post Apr 24 2024, 09:54 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(yungkit14 @ Apr 24 2024, 09:47 PM)
Sorry wheres the cash plus section in moomoo?
*
Need to open moomoo sg.
Ramjade
post Apr 24 2024, 10:03 PM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(yungkit14 @ Apr 24 2024, 10:01 PM)
Oh I see so i have to create a new sg account?
*
If you want access to moomoo cash plus feature, yes. No choice.
Ramjade
post Apr 25 2024, 07:37 AM

20k VIP Club
*********
All Stars
24,346 posts

Joined: Feb 2011


QUOTE(Kcee @ Apr 25 2024, 06:51 AM)
Hi, I've successfully opened an account with Moo Moo SG. Why do we need to provide SG bank account?
*
Why? Very simple. You don't open sg bank account you lose around 3-5% per transaction. If you open it and fund it using sunway money or moneymatch you lose only like 0.3-0.5%p.a (as close as possible to money changer)

This post has been edited by Ramjade: Apr 25 2024, 07:39 AM

5 Pages < 1 2 3 4 5 >Top
 

Change to:
| Lo-Fi Version
0.0253sec    0.52    7 queries    GZIP Disabled
Time is now: 6th December 2025 - 12:53 PM