I will be posting a short summary of Global Outlook to monitor the market movements. […]
Have you always been interested in US stocks? moomoo is the first global digital brokerage to offer $0 platform fee, $0 data fee and lifetime $0 commission for US stocks, trade with no fees.
Majority of my stocks are US stocks because of the liquidity, accessibility and transparency. Trading US stocks with moomoo is a breeze with its strong brand and 24-hour customer service. There's useful market data and extended trade hours from 4PM to 8 AM SGT.
Account Opening: First Deposit S$ 2,700 or more
$0 Commission Lifetime Forever for US Stocks* • $0 Platform Fee 1-Year for US Stock*
• Lv.2 Real-Time US Market Data
• S$40 Cashback Coupon*
• Referring 3 friends to deposit more than 1,000 to get free Jay Chou Tickets and additional S$150 cash coupon, up to 2 tickets to get without any deposit.
My savings fuelled the capital for my investing journey! There's a variety of investment products and with just USD 0, you can kickstart your investment journey with moo moo.
Since market volatility is happening right now, there may be investment opportunities at the moment. With easy to use features and transparent pricing, I had hopped over to Futu Singapore as my latest broker. If you are not a new user yet, this is the opportunity to trade freely with no fees.
Relieve Memories with Jay Chou
- Free Limited 400+ Jay Chou Concert Ticket on December 18 in Singapore (9/1- 9/30)
- For new users to deposit S$20,000 or more to get 1 free Jay Chou Concert Ticket
- Refer 3 friends to complete an initial deposit of SGD 1,000 to get 1 free Jay Chou Concert Ticket and S$150 cash coupons(for each referral you get S$ 50) Each user will be limited to 2 tickets.
Pro trading tools
Click here to redeem your benefits with moomoo powered by FUTU.
Out of all the features that I enjoy on moomoo app, having a good customer support is the one that I appreciated the most. I had made 2 calls while signing up and my queries were responded promptly. A 24 hours customer service on trading days is very important to me, as it gives me a peace of mind when I trade. This is exactly what moomoo powered by FUTU offers as well.
In case you are wondering, my first question was to clarify the fees after the promotion period (180 days). Under " Calculate commissions", you will know the commission and platform fees once you type in the Stock Code. My next question - when my account will be ready (within the day for my case).
Multiple brokerage accounts are beneficial in helping you to diversity your risk of putting all your eggs into one basket. Also, account insurance under the Securities Investor Protection Corporation amounts to $500,000 per broker. So dividing assets across different brokerage companies can help you protect a larger overall portfolio more effectively.
Commissions are charged differently in each market. If you are looking to minimize your commissions, having more than one brokerage accounts would be wise. It is best that you have an investment plan and find the brokers that align with your plan. I personally have 5 different brokerage accounts, each for their own purposes.
- Futu Singapore (US/SG/HK stock)
- DBS Vickers (SG stock)
- Tiger Brokers (SG/HK stock)
- Standard Chartered (Irish-domiciled ETFs on LSE)
- TDAmeritrade (US stock)
What I will need next: FSMOne (to sell SG stock from CDP)
Unique selling point of moomoo trading app
- Free real-time quotes and competitive commissions
- Centralised information & global community·
- Learning courses & 24 hours customer service
- From first picture, you can see my transactions which are very transparent. I used the commission-free coupon for SG market. S$1.62 is charged for platform fee. After depositing S$2,700, I received my rewards within 5 days too! Bank transfer takes around 15 minutes (Depositing S$2700 is the first condition to redeem your benefits). DDA is also available if you have a POSB/DBS account.
- From the 2nd picture, I made my first trade (you have to make 5 trades as a second condition). I would recommend you to make a trade with US stock to minimise your fees (unlike SG market, you don't have to buy stocks in multiples of 100)
- From the 3rd picture, click on "currency exchange" to exchange SGD to USD
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
- “Help Center” via in-app
- Email: email@example.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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