I am a Malaysian living in Australia temporarily currently.
As I have already have a moomoo Australian account, anyone knows if I can open a moomoo Malaysia account as well?
Moomoo trading platform review
Moomoo trading platform review
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Jun 2 2023, 08:36 PM
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#1
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Senior Member
2,115 posts Joined: Mar 2009 |
I am a Malaysian living in Australia temporarily currently.
As I have already have a moomoo Australian account, anyone knows if I can open a moomoo Malaysia account as well? |
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Sep 5 2023, 12:14 PM
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#2
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2,115 posts Joined: Mar 2009 |
Are we able to use moomoo Malaysia to trade yet?
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Feb 27 2024, 09:46 PM
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#3
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Feb 29 2024, 08:03 PM
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#4
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QUOTE(Davidtcf @ Feb 29 2024, 11:49 AM) Yea mine just completed. I see same thing as u now. So check back after 30 days (or +5 if need to) make sure unlock baru withdraw. The 8000 deposited money has been reflected in my moomoo account but I cannot see any apple share to unlock? It takes time for it to appear in my rewards page to unlock?![]() Once able to unlock this button will be click able (after 30 days): ![]() |
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Feb 29 2024, 08:18 PM
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#5
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Feb 29 2024, 08:49 PM
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#6
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Mar 18 2024, 01:02 PM
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#7
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Actually not entirely true that is cheaper to find ibkr account using wise. I just did a simple conversion using current moomoo rate and realise that I could get USD 21,101.09 (by converting RM 100,000) compared to getting only USD 21,050.49 via wise (by converting using RM 100,000 as well). This translates to getting an extra USD 50.6 in moomoo (USD 21,101.09 - USD 21,050.49). Having this extra USD 50.6 should be able to more than fully offset the stamp duty charges by Malaysia government if the trade value is RM 100,000 which will incur a stamp duty of RM 100. |
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Mar 18 2024, 02:28 PM
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#8
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QUOTE(Medufsaid @ Mar 18 2024, 01:06 PM) adam1190 My bad, yea is cheaper using ibkr if a person has a few trades and my example is only valid if a person only has around 2 transactions or less
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Sep 1 2024, 09:27 PM
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#9
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Sep 1 2024, 09:29 PM
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#10
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Sep 1 2024, 09:38 PM
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#11
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QUOTE(Medufsaid @ Sep 1 2024, 09:33 PM) adam1190 yup actually the same thing for IBKR also. you can deposit from Wise to IBKR. you cannot directly withdraw from IBKR to Wise. it needs to go through local USA bank I see, by the way your yup reply is on moneymatch can send money directly to moomoo sg like wise without going through sg bank? |
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Sep 2 2024, 12:12 AM
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#12
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QUOTE(Medufsaid @ May 27 2024, 01:09 PM) Barricade u can actually directly convert MYR->USD using wise. should be cheaper than MYR -> 0.3% -> SGD -> 0.5% (Moomoo SG) -> USD Does it mean that moomoo Singapore can accept both USD and SGD as the deposit currency and hence no need to convert SGD to USD within the app to trade US stock? Unlike moomoo Malaysia which can only accept MYR as the deposit currency and need to convert to USD within the app to trade US stock..This post has been edited by adam1190: Sep 2 2024, 12:14 AM |
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Sep 2 2024, 12:37 PM
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#13
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QUOTE(Medufsaid @ Sep 2 2024, 08:42 AM) I don’t have one, only if they allow withdrawal of usd to wise usd bank account like IBKR..Edit: just managed to open a moomoo sg account and understand why can’t withdraw usd to wise already from moomoo sg as they don’t have option to withdraw to US bank and hence we can’t input the USD bank details provided by wise.. @medufsaid, may I know for the wise bank account details right, for USD balance, it is under Evolve Bank which is a US bank, but for wise SGD bank account balance, it is under wise asia pacific pte Ltd (instead of a local SG bank like what wise did for USD balance)? This post has been edited by adam1190: Sep 2 2024, 02:27 PM |
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Sep 2 2024, 02:49 PM
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#14
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QUOTE(Medufsaid @ May 27 2024, 01:09 PM) Barricade u can actually directly convert MYR->USD using wise. should be cheaper than MYR -> 0.3% -> SGD -> 0.5% (Moomoo SG) -> USD Does anyone know if it is cheaper to fund using direct wise transfer from MYR-USD compared to using the moneymatch SGD method where we moneymatch to SGD bank account then transfer SGD to moomoo and convert to USD thereafter in moomoo (MYR-SGD-USD)? |
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Sep 2 2024, 05:07 PM
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#15
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Sep 3 2024, 12:33 AM
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#16
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QUOTE(Eugenet @ Jul 4 2024, 08:08 PM) See their FAQ (https://www.moomoo.com/my/support/topic9_205) below. I believe you can trade (sell and buy). Do not sell and withdraw the cash. Under the instant reward section, the RM 100 transfer-out rebate means if they will give RM 100 regardless of the number of share counters I transfer or they will give the rebate according to the number of share counters that were transferred in? Thank you.There is now a new version 2 of Transfer-In promotion ending July 31. Only for those who missed the first promotion (those who had already participated do not qualify). Based on a cursory examination, there are two differences: • transfer in RM100k to get AAPL (previously RM80k) • transfer fee subsidy capped at RM100 (previously RM200 for Tier 2) Tier 1 benefits appear intact. Still worth it in my book. Who doesn't love free money? Attached thumbnail(s) |
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Sep 18 2024, 09:59 PM
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#17
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QUOTE(fattyghost @ Sep 12 2024, 06:26 PM) Yeah, you're the 1 barking. I submitted the withdrawal request by 10/9 morning. But due to their calculation error, they rejected my withdrawal, force me to resubmit again by the end of the day. When did you receive the money in the endWhat kind of stupid system is this that can't even calculate how much I can withdraw by the time I submit the withdrawal request? And why they need so much time to deposit money to my account after the request is "completed". This is nonsense. Rubbish platform. |
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Dec 24 2024, 10:32 AM
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#18
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Dec 24 2024, 11:26 AM
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#19
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QUOTE(Medufsaid @ Dec 24 2024, 10:35 AM) adam1190 need to check the tnc for kremlin's promo. they closed that cash plus loophole for the newer promos, have to buy stocks Didn’t know that cause just helped my uncle using this buying fund method early December..so i guess, if don't know what to buy, can convert to USD and buy $BIL (also has its own set of forex risks) |
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Dec 30 2024, 11:56 AM
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#20
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QUOTE(Medufsaid @ Dec 24 2024, 10:35 AM) adam1190 need to check the tnc for kremlin's promo. they closed that cash plus loophole for the newer promos, have to buy stocks The cash plus loophole still not closed, just verified and can just deposit 3 times into cash plus fund so i guess, if don't know what to buy, can convert to USD and buy $BIL (also has its own set of forex risks) |
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