How did you deposit? Maybe I deposited on weekdays that's why it's quick.

their FX rate is not as good as IBKR or tiger right

near instant deposit into futu acct via FAST

My usd trade with moomoo

Transaction below usd1000, fee usd1.07

Transaction 1001 to 2000, fee usd1.66

PM me if anyone need referral for moomoo

Promotion referral now allowed at lowyat forum?

Nice. Momo bank in fast. Will seriously consider it. Anyone ask about inactivity fee yet?

Double post

This post has been edited by alexkos: Apr 28 2021, 03:21 PM

Last 2 days before they end the free Apple share!

Been a customer on this platform for a month and I must say other than cheap fees, the UI a little underwhelming compare to Tiger which is cleaner and sleek.

I dont thk there is inactivity fee. If you dont want to trade just withdraw all after you get the apple share. I have sold my free Aapl yesterday at usd134.60 for cash. Not withdrawing yet as i am still testing the platform with some day trades.

the deposit notice from the app is almost instant upon submitting my deposit via CIMB SG

Tested moomoo cash withdrawal function

SGD cash withdrawal application submitted through DDA 9.52am

Received money in my DBS account 4.50pm

I withdrew the bulk of my sgd cash. From moomoo to cimb sg, took no more than 4 working hours.

Any hiccups for first withdrawal into Sg bank? Did they ask for bank statement etc? thanks in advance

No hiccup

Yes need to provide bank statement in your name for first withdrawal

Addition : Made the 2nd withdrawal to my DBS today and money received in 3 minutes.



This post has been edited by ikanbilis: Apr 29 2021, 12:40 PM

Tq for ur reply. I'm going to try to withdraw once I got my bank statement. Just opened my cimb sg account weeks ago so no bank statement yet.

too late i don't have any SG account, only manage to see this today

don't think one day is enough to open up new acc and everything

need ppl to confirm on

1) option trading fee (prefer actual execution)
2) option data (available?) need to pay?
3) inactivity fee if any
4) min amount to maintain the account (i know opening is 2700, but what if the amount dips below it?)

moomoo is advantageous because of speed of money transfer (way faster than TSG). With moderate fee I'm seriously considering in switching.

Need my birth cert ready to apply for passport. Yes, I don't have one.

I just print screen the cimb webpage that states my name and account number in a single page.

No hiccup. Very fast.

1.https://thefipharmacist.com/tiger-brokers-vs-moomoo-futu/
You may refer this for the option fee. Share and option trading fee is the same
2.Option data is free
3.No inactivity fee
4.no min amount, you do not need to deposit sgd 2700.you can trade even you have 100 in it. 2700 is just to get and apple share and it is ending in this month. I think gonna wait until their next promotion.

You can just open an account first and wait for any upcoming promo, I think more to come viewing at current tense competition between moo and tuger