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 Moomoo trading platform review

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goodbrother
post Apr 29 2021, 09:08 PM

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QUOTE(ikanbilis @ Apr 28 2021, 03:32 PM)
My usd trade with moomoo

Transaction below usd1000, fee usd1.07

Transaction 1001 to 2000, fee usd1.66
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Fee is denominated by number of share you trade but not the value
heata
post Apr 30 2021, 10:08 AM

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QUOTE(lee82gx @ Apr 29 2021, 04:15 PM)
I just print screen the cimb webpage that states my name and account number in a single page.

No hiccup. Very fast.
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Okk. Thought they will only accept bank statement. Thanks for the info rclxms.gif
ikanbilis
post Apr 30 2021, 12:34 PM

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QUOTE(goodbrother @ Apr 29 2021, 09:08 PM)
Fee is denominated by number of share you trade but not the value
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I see...this is so different from the Msia and Spore market that i trade for years.

Anyway i am withdrawing all my money from moomoo because of this platform fee. I check my statement my platform fee amounted to USD70 for my two days trade. This is too much. I am moving my fund to Tigerbroker.
goodbrother
post Apr 30 2021, 12:47 PM

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QUOTE(ikanbilis @ Apr 30 2021, 01:34 PM)
I see...this is so different from the Msia and Spore market that i trade for years.

Anyway i am withdrawing all my money from moomoo because of this platform fee. I check my statement my platform fee amounted to USD70 for my two days trade. This is too much. I am moving my fund to Tigerbroker.
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I think tiger commission is based on number of shares too, no?
ikanbilis
post Apr 30 2021, 01:27 PM

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QUOTE(goodbrother @ Apr 30 2021, 12:47 PM)
I think tiger commission is based on number of shares too, no?
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No idea. But tiger has no platform fee. Also tiger has points which can convert to free commission.

Btw, i have withdrawn all my fund from moomoo. Bye2 moo and thanks for the free apple share.
Ramjade
post Apr 30 2021, 02:35 PM

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QUOTE(ikanbilis @ Apr 30 2021, 01:27 PM)
No idea. But tiger has no platform fee. Also tiger has points which can convert to free commission.

Btw, i have withdrawn all my fund from moomoo. Bye2 moo and thanks for the free apple share.
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If you want the cheapest coms go with pure interactive broker at USD0.35/transaction.
ikanbilis
post Apr 30 2021, 04:20 PM

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QUOTE(Ramjade @ Apr 30 2021, 02:35 PM)
If you want the cheapest coms go with pure interactive broker at USD0.35/transaction.
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Thks for recommeding but i already have scb, moo and tiger. I will use tiger as my main trade and the other 2 brokers as spare.
no6
post Apr 30 2021, 04:47 PM

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any idea how long does it takes for the cash (usd) to be available for withdrawal after selling the apple share ?

ikanbilis
post Apr 30 2021, 05:22 PM

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QUOTE(no6 @ Apr 30 2021, 04:47 PM)
any idea how long does it takes for the cash (usd) to be available for withdrawal after selling the apple share ?
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I sold monday, able withdraw to bank Thursday
AnasM
post May 2 2021, 12:55 PM

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Do they accept depo via wise, instarem, bigpay?
edwin1002
post May 2 2021, 01:25 PM

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QUOTE(AnasM @ May 2 2021, 12:55 PM)
Do they accept depo via wise, instarem, bigpay?
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i think no. u need have bank account in singapore under your name.


Ramjade
post May 2 2021, 01:40 PM

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QUOTE(AnasM @ May 2 2021, 12:55 PM)
Do they accept depo via wise, instarem, bigpay?
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They already said no third party deposit.
SUSLiamness
post May 10 2021, 02:53 PM

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QUOTE(honsiong @ Apr 21 2021, 04:34 PM)
S$2700 is not spent, its just deposit and can be used to invest in other stuff right?
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just deposit, then take out after you get the free share. Tiger brokers also giving free star bucks share.

combined, both free 350 sgd basically.
SUSLiamness
post May 10 2021, 03:52 PM

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QUOTE(goodbrother @ Apr 29 2021, 09:06 PM)
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.
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it's already May and the promo is still ongoing.
no6
post May 12 2021, 03:58 PM

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QUOTE(Liamness @ May 10 2021, 02:53 PM)
just deposit, then take out after you get the free share. Tiger brokers also giving free star bucks share.

combined, both free 350 sgd basically.
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have to perform 10 trades then only can cash out the free share right ?
gooroojee
post May 13 2021, 09:44 AM

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QUOTE(MUM @ May 13 2021, 09:29 AM)
maybe this?

Moomoo Referral Program Q&A
https://help.moomoo.com/?tid=99
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US resident with SSN only.. Cheh...

New moomoo users should be U.S. residents with a valid SSN who are at least 18 years old and who do not currently have an account with Futu Inc.
MUM
post May 13 2021, 09:51 AM

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QUOTE(gooroojee @ May 13 2021, 09:44 AM)
US resident with SSN only.. Cheh...

New moomoo users should be U.S. residents with a valid SSN who are at least 18 years old and who do not currently have an account with Futu Inc.
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opps, maybe that is for US version?

try this
Offer Rewards for Successful User Referral
https://support.futusg.com/en-us/topic128

but,...it has among others
Terms and Conditions
1.This offer is only valid for new customers with Singapore residential addresses, are at least 18 years of age, and have a valid Singapore bank account in their own name.

This post has been edited by MUM: May 13 2021, 10:05 AM
Barricade
post May 13 2021, 09:53 AM

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Still got free apple share now? I thought ended 30th April?
MUM
post May 13 2021, 10:03 AM

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QUOTE(Barricade @ May 13 2021, 09:53 AM)
Still got free apple share now? I thought ended 30th April?
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got this from the net...

Offer Rewards for Completing Initial Deposits
1. When you successfully complete a total deposit of minimally SGD 2,700 or USD 2,000 or HKD 16,000 in your moomoo account during activity time (1st May 2021 to 31st May 2021 [SGT 1500hrs]), you will receive the following,;

a) 1 share of AAPL stock within 5 business days

b) Free OPRA Option Real-time Quotes for US market,

https://support.futusg.com/en-us/topic128
kiwifruit0
post May 14 2021, 12:59 AM

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QUOTE(heata @ May 9 2021, 02:50 PM)
Hi guys. If anyone reading this need a referral link for moomoo can pm me. I m willing to share with u my referral reward. tq
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macam mana share the reward PM tepi

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