Feb 28 2024, 12:29 PM
QUOTE(Davidtcf @ Feb 28 2024, 11:17 AM)
yeah that is how Moomoo makes the most money from, during conversion:
For Moomoo:
5000MYR = 1046 USD
1000USD = 4739 MYR (during sell)
Using Wise transfer to IBKR (and back):
5000MYR = 1042 USD
1000usd = 4,919.54MYR (during sell and send back to MY)
(both above havent include in broker fees and other misc charges)
so need to do some math and make sure your stock is doing a lot better and need to factor in this conversion rate otherwise you think u untung a lot but actually nope For Moomoo:
5000MYR = 1046 USD
1000USD = 4739 MYR (during sell)
Using Wise transfer to IBKR (and back):
5000MYR = 1042 USD
1000usd = 4,919.54MYR (during sell and send back to MY)
(both above havent include in broker fees and other misc charges)
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