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 Moomoo trading platform review

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goodbrother
post Apr 25 2021, 10:06 PM

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Joined: Sep 2011
QUOTE(ikanbilis @ Apr 25 2021, 03:20 PM)
Approve today. Just deposited sgd2700 into the account. Now waiting for my free apple share.

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I think current promotion end on 31st of April, those who are interested better act fast!
goodbrother
post Apr 25 2021, 11:11 PM

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Junior Member
108 posts

Joined: Sep 2011
QUOTE(edwin1002 @ Apr 25 2021, 11:53 PM)
have u deposited and get a free share ady?
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yeap,look at the apple price and you know when I got mine

user posted image
goodbrother
post Apr 29 2021, 09:06 PM

Getting Started
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Junior Member
108 posts

Joined: Sep 2011
QUOTE(alexkos @ Apr 29 2021, 04:08 PM)
need ppl to confirm on

1) option trading fee (prefer actual execution)
2) option data (available?) need to pay?
3) inactivity fee if any
4) min amount to maintain the account (i know opening is 2700, but what if the amount dips below it?)

moomoo is advantageous because of speed of money transfer (way faster than TSG). With moderate fee I'm seriously considering in switching.

Need my birth cert ready to apply for passport. Yes, I don't have one.
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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.
goodbrother
post Apr 29 2021, 09:07 PM

Getting Started
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Junior Member
108 posts

Joined: Sep 2011
QUOTE(carloschak @ Apr 29 2021, 04:01 PM)
too late i don't have any SG account, only manage to see this today sad.gif

don't think one day is enough to open up new acc and everything
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You can just open an account first and wait for any upcoming promo, I think more to come viewing at current tense competition between moo and tuger
goodbrother
post Apr 29 2021, 09:08 PM

Getting Started
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Junior Member
108 posts

Joined: Sep 2011
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
goodbrother
post Apr 30 2021, 12:47 PM

Getting Started
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Junior Member
108 posts

Joined: Sep 2011
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?
goodbrother
post Jun 1 2021, 04:30 PM

Getting Started
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Junior Member
108 posts

Joined: Sep 2011
QUOTE(Ramjade @ Jun 1 2021, 02:59 AM)
Never ever use banks to transfer money from Malaysia.
Malaysian banks -> fintech (Sunway money/bigpay or TransferWise/money match/instarem -> CIMB SG.

Sunway money being the cheapest and not who is cheaper (bigpay or TransferWise). Downside of bigpay is max you can transfer is only RM10k.
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Cimb sg to cimb my rate is quite good, it's almost the same as rate displayed in Google.

 

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