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 Moomoo trading platform review

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Ramjade
post Apr 25 2024, 08:17 AM

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QUOTE(Kcee @ Apr 25 2024, 07:49 AM)
Thanks for your reply. Much appreciated. I fund my Moo Moo SG using Wise linked to account, plan for long term holdings and will only withdraw when necessary to the MY bank I registered in Moo Moo SG.
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Wise is still expensive Vs moneymatch or Sunway money.
Ramjade
post Apr 27 2024, 11:22 AM

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QUOTE(kens88` @ Apr 27 2024, 11:20 AM)
If no singapore bank account, open moomoo sg also no point right?

Any other way to withdraw easily to malaysia from moomoo sg?
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It's not that hard to open sg bank account. Everything is done online. See if you want access to some where to park your ringgit.
Ramjade
post May 2 2024, 02:44 PM

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QUOTE(ZeneticX @ May 2 2024, 02:42 PM)
if I have IBKR now is it worth to switch to Moomoo?
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No. Unless it's moomoo sg. Open both IBKR and moomoo sg. Moomoo sg give you place to park your excess cash while IBKR pays interest on excess cash but the first USD10k earns nothing Vs moomoo.

This post has been edited by Ramjade: May 2 2024, 02:45 PM
Ramjade
post May 8 2024, 09:04 AM

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QUOTE(yolldddd @ May 8 2024, 06:40 AM)
Hi all im new to moomoo

So where should i start? Register my or sg

What are the advanteage of registering as sg moomoo

Tq!
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Register sg you get access to facility to park your money in SGD or USD earning around 3%+ and 5%+

You don't get that with Malaysia moomoo. You get cheap brokerage for trading bursa
Ramjade
post May 9 2024, 11:13 PM

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QUOTE(lola88 @ May 9 2024, 10:56 PM)
Actually how does Moomoo MMF works? I am kinda confused 😅. To clarify, MooMoo SG will pay us in cash SGD (6.8%-return from csop/fullerton in 31 days)? Than the annual return fr CSOP is about 0.6-1% per annum? So the interest rate in comparison to Kenanga/Versa Save is about the same after currency conversion and the advantage over is we get to park money in Sgd/Usd?
https://csop-pdf-bucket1.s3.ap-east-1.amazo...5e069453ce2.pdf
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You get around 5.1%p.a. You get higher cause of promo by moomoo. No way MMF interest can be higher than central bank interest. biggrin.gif

No it's not the same.
KDI give you 4%p.a
Versa giving now like 3.7%p.a
Moomoo giving like 5.1%p.a CSOP USD), 3.64%p.a (Fullerton SGD)
Moomoo CSOP is USD

Depending on how you convert your USD/SGD.If you use banks to convert you instantly lose 2-3% (banks take that huge amount of cut). If you want to put CSOP, you need USD. If you want Fullerton you need SGD.

Not the same.with KDI and versa. KDI and Versa give you your return in RM. Moomoo give you your return in USD/SGD (depending on what you choose).

A 4%p.a in RM value is not the same as 3.6%p.a or 5.1% in SGD and USD (provided you make your money one way ticket and dont keep converting back). If you keep converting back, just keep it in Malaysia.

The reason you are keeping it overseas it because the RM will be worth less with time Vs the USD/SGD.

Hope you understand. I noticed you ask lots of questions but you don't seem to understand or just for trolling.

This post has been edited by Ramjade: May 9 2024, 11:13 PM
Ramjade
post May 10 2024, 12:38 AM

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QUOTE(gedebe @ May 10 2024, 12:32 AM)
can i buy fractional shares in klse, just would like to use up the rm10 coupon rewards
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No you cannot. Fractional shares only on US market
Ramjade
post May 12 2024, 01:26 AM

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QUOTE(Mattrock @ May 12 2024, 01:15 AM)
Open moomoo SG or MY better, assuming one has no problem opening either and has a SG bank account? Pros/cons? Plan is to invest in NYSE mainly. But if SG, may also look at SG banks. Thanks.
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Moomoo sg obviously. Access to their mmf which means you got place to park SGD or USD. Something moomoo Malaysia don't have.
Ramjade
post Jun 5 2024, 10:01 AM

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QUOTE(mhs87 @ Jun 5 2024, 09:51 AM)
is it easy to open a DBS multicurrency account for MYIC holder only?
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No. You need to travel to Singapore. You need to commit SGD3k and you can only do it a one branch and need to beg them for it.
Ramjade
post Jun 6 2024, 07:13 PM

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QUOTE(ky33li @ Jun 6 2024, 06:48 PM)
If we manage to accumulate Sgd100k is the success rate higher?
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Don't know. If you want to open a priority account, sure no issue.
I opened mine when I was a student.
Ramjade
post Nov 12 2024, 11:23 AM

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QUOTE(JOMMAKAN @ Nov 12 2024, 11:06 AM)
What’s the main benefit for IBKR?
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Way cheeper, more markets available.
Ramjade
post Nov 12 2024, 12:31 PM

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QUOTE(JOMMAKAN @ Nov 12 2024, 11:36 AM)
Moomoo doesn’t have access to the Ireland domiciled right ?
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So far no. Moomoo is more of making people trade.
Ramjade
post Dec 23 2024, 10:43 PM

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QUOTE(Jessica JM. @ Dec 23 2024, 10:06 PM)
I was wondering, is it possible for anyone to earn at least RM 10,000 per month as their primary income solely by investing in stocks?
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Yes. Can be done. Been there few times already. Not every month. Say 9/12 months.

This post has been edited by Ramjade: Dec 24 2024, 12:07 AM
Ramjade
post Dec 24 2024, 07:29 AM

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QUOTE(Jessica JM. @ Dec 24 2024, 12:45 AM)
May I ask how much capital would be needed to invest in order to earn at least RM 10,000.00 per month?
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I don't look at capital. I just sell options depending on stocks and market price.
Ramjade
post Jan 4 2025, 03:53 PM

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QUOTE(Jessica JM. @ Jan 3 2025, 12:38 AM)
I was considering starting a trade, hoping to earn enough profit to take my parents on trips twice a year.
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Don't trade. Just buy and hold. If you don't know how to trade, buy and hold works too. Buy S&P500 or QQQ etf.
Ramjade
post Jan 5 2025, 08:34 AM

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QUOTE(buffa @ Jan 5 2025, 08:22 AM)
You have to learn all basic stock 101. Then you can “digest” the advise below
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I am buy and gold guy and it have work wonderfully for me.
Ramjade
post May 10 2025, 03:01 PM

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QUOTE(Gabriel03 @ May 10 2025, 11:42 AM)
probably because you've a lot money invested with them.
They don't do it for everyone.
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Nothing to do with money. They WhatsApp me. I got 0 with them. Lol. But feels more like a spam.

This post has been edited by Ramjade: May 10 2025, 03:01 PM
Ramjade
post May 11 2025, 08:51 PM

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QUOTE(icemanfx @ May 11 2025, 03:22 PM)
Scammer is known to impersonate moomoo employee, entice punters to download clone trading app and join orchestrated chat group.
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Moomoo have business WhatsApp. It's not some unknown number without verification.
Ramjade
post May 12 2025, 11:28 AM

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QUOTE(icemanfx @ May 11 2025, 09:03 PM)
Not everyone knows moomoo business account.
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WhatsApp will tell you it's business account or not and they have blue tick for verification.

This post has been edited by Ramjade: May 12 2025, 11:28 AM
Ramjade
post May 12 2025, 08:28 PM

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QUOTE(Medufsaid @ May 12 2025, 01:38 PM)
didn't want to reply but you can trust whatsapp tick mark. look at the screenshot
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Let him be. Too aggressive for me. Feels very spammy.
Ramjade
post May 13 2025, 09:38 AM

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QUOTE(Hsing Tien @ May 13 2025, 09:30 AM)
Very weird kind of way to give free money
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No it's not . It's marketing to draw you in and then make money from you

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