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 Moomoo trading platform review

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Takudan
post May 26 2021, 09:04 PM

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Joined: Jun 2011
From: Kuala Lumpur, Malaysia


Got my 🍎, yummy!

Account creation took 1 business day for approval.
Local FAST transfer cashed into account within a minute (like instantaneous, dayummm).
Gift processed in 2 business days.
Takudan
post Nov 21 2021, 07:21 PM

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Senior Member
1,058 posts

Joined: Jun 2011
From: Kuala Lumpur, Malaysia


Hi guys, I want to do a full withdrawal to my SG bank account and I currently have two sums
1) SGD in securities account
2) USD in US margin account (after selling the free stocks received :x )

Should I first convert (2) to SGD, then do one-time withdrawal? Or just withdraw (1) and (2) separately and let moo convert for me automatically?

Is there any difference between these 2 approaches?

Edit: self answered. I tried clicking here and there myself. First option became the clear winner because:
- moo has competitive currency exchange, on par with IBKR
- it becomes a telegraphic transfer sort of? Moo warned me of 30 SGD processing fee by bank for transferring USD out.

This post has been edited by Takudan: Nov 22 2021, 11:35 PM

 

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