Is it ok? I saw got free apple share

Commission free trading

My Malaysian fren can apply too

Need to know if there's hidden cost like inactivity fee, option trading fee, withdrawal fee etc

Anyone using?

Scam trading platform. Beware.

S$2700 is not spent, its just deposit and can be used to invest in other stuff right?

I heard got commission fee after 90 days but can't find info.

Also can't find other fees info.

My passport was expired can't apply it. haiz.

Anyone know got inactivity fee and withdrawal fee?

30sgd withdrawal fee. Mahal la

Can I sign up then sell apple then come back? Will untung?

so doable kan? i in 2700, then run with apple share 

Dunno how these brokers make money if we buy n hodl, Tiger gave me like SGD 170 in cash vouchers and now Moomoo keep giving ppl AAPL share, how?

Tiger better ka? Maresia can apply?

I think you don't need passport. IC can right? I opened tiger using IC.

In your opinion, is Moomoo better than Tradestation Global / Interactive Brokers?

Holy fucking shit, Moomoo is way faster than Tiger.

Deposit is acknowledged in < 1 min, as opposed to Tiger's 5 minutes.

Their mobile UI and stability, translations etc are done better than Tiger.

I will use both for a few months to see, no harm putting stocks in both accounts, they don't impose custodian or inactivity fees anyway.

Passport, not living in SG.

They don't. But MY passport + MY proof of address work just fine.

Yikes, apart from this, really no point renewing passport now until we are allowed to travel again.

Are you guys sure it's really commission-free?

I spotted some marketing tricks.

Commission is low and attractive, looks good for promotion on index page of website, but look closely at the "platform fee" part.

https://support.futusg.com/en-us/category11029

So commission-free means you will still be deducted platform fee from your cash/margin account. 

This makes me laugh lol:
They should say:

Yes extra commission is still commission. The true cost is the commission + "platform fee". (You are right about the US citizen part.)

And even if you don't buy or sell within the same month, any purchase and selling after one-month since last trade will still incur that fee.
So you buy one stock of APPL, not selling it within one month, incur first charge of platform fee. One month later if you sell it, it's another month, so any buy/sell activity more than one month after the last order will result in platform fee being charged. (The fee is charged for cumulative orders per month.) 

That's what I understand. Maybe I am wrong. Feel free to correct me.

EDIT: here's the chinese version, for better understanding. https://support.futusg.com/zh-cn/topic76?lang=zh-cn
So the platform fee is charged once, if the order is fulfilled in multiple blocks.
And the platform fee is based on cumulative orders per month.

Moomoo Tiger all these, is not approved by SC Malaysia, may i know how to ensure it is safe to trade and withdraw back to Malaysia bank account.
Wont it become etoro 2.0?

sorry my question might sound silly.

Thanks a lot for clarification.
My finance knowledge is limited. Will study the link shared.
Coz my concern is once i deposited to the trading account, my monies sunk into the sea. I dont know how to get the money back if there are issue on withdrawing.
I dont have oversea account. Only Malaysia saving account.

Haha. Nowhere is stated that the platform fee won't be charged within this 90 day period Caveat emptor guys. 

https://support.futusg.com/en-us/topic128?lang=en-us

What makes you think that incident was political? You got "insider news"?
Well, if they block the trading account website like what happened to Tiger, then you cannot access it via the normal route. You need to modify your Internet settings, use VPN etc. IT-savvies here will find a way out.

For overseas brokerage since they don't base in Malaysia, you need to have a foreign bank account to deposit/withdraw money. Most people choose SG due to its proximity. And people go for CIMB SG/Maybank SG (try not to use Maybank SG...). You can have a look at the "Opening a Bank Account in Singapore" thread: https://forum.lowyat.net/topic/1440794/+3320

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.

Do they accept depo via wise, instarem, bigpay?

https://ir.futuholdings.com/static-files/58...0c-5ae3aa1d9856
They are not happy with you guys not trading.

Not low at all. CIMB SG direct to MY zero fees, about the same rate.

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