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Moomoo trading platform review
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lola88
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 Mar 17 2024, 10:38 PM
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Getting Started
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QUOTE(Yluxion @ Mar 7 2024, 05:20 PM) Under Moomoo Malaysia, it's called Universal Account (MYR & USD under the same account number). Unsure about USD holding limit though. As far as I know you can't deposit USD into the account, all the fundings have to be MYR. Same goes to withdrawals. Which means each time we buy stocks, we would Hv to convert MYR deposited into USD which will incur some fees that is higher than Wise right? Is there any method to manually deposit USD into MooMoo since they charge high fees fr conversion. |
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lola88
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Apr 5 2024, 07:13 PM
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Getting Started
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I hv deposited rm8000 and claimed the free apple share. Also bought some shares. Due to fluctuation of the share price that i
Bought, the value of assets become less than rm8000 on certain days. Hence would
I still be eligible fr the free apple share?
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lola88
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Apr 15 2024, 01:20 PM
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Getting Started
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We are actually still eligible to sign up for MooMoo SG account. I contacted customer service and I was provided a link to sign up. Hello, the account opening is supported. Kindly choose "Other" as your identity when you download moomoo app or click the link below to open an account. https://openaccount.sg.moomoo.com/setup-page/index. Thank you for your support, we wish you a good day!  |
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lola88
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Apr 17 2024, 10:22 AM
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Getting Started
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QUOTE(MGM @ Apr 16 2024, 08:50 AM) Was told Malaysian need to have SG residential address for MMSG right? . Pls let us know once u succeed in open acc. A few of us contacted the CS(chat) and were given the link. I have succesfully opened SG acc with the link given. |
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lola88
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Apr 17 2024, 07:50 PM
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Getting Started
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QUOTE(kens88` @ Apr 17 2024, 07:20 PM) How you provide proof of residence in Singapore They didnt ask for proof of being a PR or employment in SG. I told them i am a malaysian with existing MY account interested in opening Moomoo SG account. |
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lola88
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Apr 20 2024, 03:13 PM
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Getting Started
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QUOTE(Ramjade @ Apr 20 2024, 02:01 PM) Pros of moomoo sg You get access to their mmf be it SGD or USD. You can park excess cash in SG while interest rate is high to earn risk free 3.7-3.8% and 5.x% respectively for SGD and USD. You get access to sg market (nothing much which is good to buy there except for their banks and reits) Cons of moomoo sg Need to fund in SGD. You can wire in but you lose like 2-3% thanks to Malaysian banks hiking up the exchange rate. No access to Malaysia market (not a big deal IMO) Hi, are the funds similar to Unit Trusts? I clicked subscribed and there is a sentence that mentioned they need to assess if we are suitable for Unit Trust. Also wont go wrong with either the Fullerton or CSOP US fund right?  |
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lola88
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Apr 24 2024, 09:28 AM
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Getting Started
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QUOTE(Medufsaid @ Apr 23 2024, 10:59 PM) time to play the waiting game for moomoo sg  don't need to buy shares if you don't know what to pick. just subscribe to their Fullerton SGD Liquidity Fund 8 times (e.g., each time S$1,250, since you need to put in S$10k) to qualify This is like Unit Trust/Money market fund? |
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lola88
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May 9 2024, 08:17 PM
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Getting Started
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QUOTE(sonotme @ May 9 2024, 11:03 AM) I just got approval for moomoo sg. How do u deposit from msia? I use Moneymatch to transfer from Cimb MY to CIMB SG. From CIMB SG transfer to Moomoo SG. |
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lola88
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May 9 2024, 10:56 PM
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Getting Started
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QUOTE(Medufsaid @ May 9 2024, 08:36 PM) lola88  you'll never see 6.8% returns from CSOP. what happens is, after the promo period ends, Moomoo SG will pay you the remaining 1.xxx% in SGDollars Actually how does Moomoo MMF works? I am kinda confused 😅. To clarify, MooMoo SG will pay us in cash SGD (6.8%-return from csop/fullerton in 31 days)? Than the annual return fr CSOP is about 0.6-1% per annum? So the interest rate in comparison to Kenanga/Versa Save is about the same after currency conversion and the advantage over is we get to park money in Sgd/Usd? https://csop-pdf-bucket1.s3.ap-east-1.amazo...5e069453ce2.pdf |
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