After a year of working, I made my first investment of $10K into VTI. My […]
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Reward 1
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Reward 2
Deposit S$2,000 and perform 2 buy trades to get 1 x coca-cola stock
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^The reward value will fluctuate based on market conditions.
I have been thinking about a suitable investing strategy, after the turmoil in the job and stock market. A stream of passive income would be welcome move as it provides financial security and stability.
With that in mind, I have decided to buy REITS in Singapore. Previously, most of my attention has been on the US market. It is a great place for capital gains. But for dividends, we can look at REITS. My next step is to figure out which broker to use as there are so many options. When it comes to choosing a broker, many people can feel overwhelmed. A trusted brokerage with a track record of reliability gives us a peace of mind.
The other factors of consideration are reputation, fees, customer service and ease of use.
I have decided on moomoo Trading App after my research.
They have great customer service who have providing good guidance consistently. This is very important to me as I would like to get a confirmation of my understanding for important details.
The fees for the Singapore market are generally one of the lowest or the lowest in the market. It’s convenient to look at the fees before purchase via their app too. There is no custodian fee. Stock purchases and the dividends will be reflected on the app.
Since market volatility is happening right now, there may be investment opportunities at the moment. With easy to use features and transparent pricing, you can consider Futu Singapore as your broker. If you are not a new user yet, this is the opportunity to trade with their rewards.
Sign up rewards
Up to 1 Apple Share ≈ SGD 200 (Spin to win)
$0 Commission for US Stocks* (Lifetime)
Invest S$100 in moomoo Cash Plus and get S$20* cashback
Click here to redeem your benefits with moomoo powered by FUTU.
How to buy REITs on moomoo
You can view the total fees on their app before you buy the stock. There is no custodian fees and any dividends will be transferred to your moomoo account.
It is convenient to view the technical analysis of each stock on their platform. I generally look at MACD.
Exploring the app
Do spend sometime exploring the app as it is a treasure cove full of information.
Pro trading tools
These additional insights will help you become a better investor on their app.
Unique selling point of moomoo trading app
- Free real-time quotes and competitive commissions
- Centralised information & global community·
- Learning courses & 24 hours customer service
Why use moomoo trading app?
moomoo is a subsidiary of NASDAQ Listed Futu Holdings (NASDAQ: FUTU) that is backed by Tencent.
Futu Holding Limited and its subsidiaries has 43 licenses globally in major financial markets such as United States, Hong Kong, Singapore and others. In Singapore, capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. licensed and regulated by the Monetary Authority of Singapore (MAS) (Licence No. CMS101000).
Futu SG’s comparative advantage to its peers is known for being reliable, secure and stable, low commissions and seamless investing experience whilst both licensed and regulated (by the MAS). moomoo app’s trading capabilities are also backed by its self-developed and proprietary trading system.
- Backed by world-class strategic investors including venture capital affiliates of Tencent, Sequoia Capital and Matrix Partners
- They have 51 licenses with 18 million of users now
- Enjoy 24 hours customer service on trading days for a peace of mind – Futu prides itself in putting our users’ experience as a priority. Within the app, customers can use their in-app live chat function via “customer service” where a customer service representative will attend to your questions.
- Additional customer service support available via their in-app “Help Center”, hotline, email and social media platforms
Customer support
- “Help Center” via in-app
- Email: clientservice@futusg.com
- Social media: @moomoosingaporeo
- Customer service line: +65 6321 8888 (Working day: 24 hours, Weekdays: 9am – 9:30pm)
There may be some questions on your mind, which I hope to address.
Is trading via moomoo app safe?
Trading on moomoo is safe because Futu SG is regulated by top-tier financial authorities and U.S. securities in your account are protected up to $500,000 by Securities Investor Protection Corporation (SIPC), explanatory brochure available at www.sipc.org.
How do I withdraw money from moomoo app?
If you're looking to withdraw your funds from your Futu SG securities account, know that Futu SG does not charge withdrawal fees. To start your withdrawal, simply login to your trading app, click on "Brokerage Account", select which currency account you're withdrawing from, scroll down, and click on the "Withdraw" option.
How do I transfer money from FUTU SG securities account to my bank account?
Step 1: Log in to E-Banking/Mobile App and go to "Bank Transfer - Transfer Out to Transfer In - Merchant to Bank";
Step 2: Fill in the transfer debit account and the amount to transfer. Transferee account: Select the HKD account if you withdraw HKD, and select the USD account if you withdraw USD.
Click here to redeem your benefits with moomoo powered by FUTU.
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