I submitted for funds exchange to USD but its not immediate n when i tried to buy US shares, it says i m buying on margin. Shud i proceed or wait for the US $ to be exchanged
@DemiZhuang thx for your reply. I discovered that for currency exchange, there is timing. I think it has to do with working hours. My request last nite (sun) was only effected this morning (mon) 7.30am
I want to tell everyone..... You do not want to use MooMoo to trade stocks.... I have been on the phone with them for over an hour.... I dont want to get all into my question to them. But the end result is that MooMoo will not let you trade options as you would with any other company. They were trying to tell me to make the option trade that I wanted to make, which I have done in 4 other accounts, that I have to have $10,000 min in my account and I need option level 4. After of being on the phone with them, for an hour and asking over and over to be transferred to someone else, I was finally able to talk to someone else. The result is they MooMoo does not have authority by the SEC to do these trades. I have an account with Webull, no problems doing the trade with them. I have 3 accounts with Fidelity. No problems doing the trades with them. I have had accounts with Ally Invest and no problems there... I have never had a company keep me on the phone for an hour and tell me over and over that what is on their website for Option level 2 is just not correct. So, I will be withdrawing my money.
thanks for your presentation. I'm a newbie to moomoo investing. Question: How do you add funds to your stock. I've already bought the stock. I just want to add funds to it. thx.
Hi Demi, I have subscribed to Moomoo and was trying to enter a trade to buy a US ETF that allows fractional shares (have checked). I can't seem to enter a fractional amount.Can this be done only during US stock market operating hours, for fractional shares trade?
Hi, for the moomoo app, can i buy US stocks without using margin trade? or only SG stocks can buy without margin trade? Also for Margin trading, how can I calculate the interest rate?
If you can tell me why I cant but full quantity like 1-2-3-4. I can buy only 0.1-0.9 and even i have enough balance to buy 💴. Already set market and Limit still cant trade 😢😢😢
I want to tell everyone..... You do not want to use MooMoo to trade stocks.... I have been on the phone with them for over an hour.... I dont want to get all into my question to them. But the end result is that MooMoo will not let you trade options as you would with any other company. They were trying to tell me to make the option trade that I wanted to make, which I have done in 4 other accounts, that I have to have $10,000 min in my account and I need option level 4. After of being on the phone with them, for an hour and asking over and over to be transferred to someone else, I was finally able to talk to someone else. The result is they MooMoo does not have authority by the SEC to do these trades. I have an account with Webull, no problems doing the trade with them. I have 3 accounts with Fidelity. No problems doing the trades with them. I have had accounts with Ally Invest and no problems there... I have never had a company keep me on the phone for an hour and tell me over and over that what is on their website for Option level 2 is just not correct. So, I will be withdrawing my money.
a feature that isn't available as of yet but it should come soon. otherwise you can just set a standing transfer from your bank to moomoo a day before your scheduled buy trade.
Is it compulsory to exchange currency before buying foreign stocks or is it just a way to save on fees? Can we buy foreigns stocks directly with SGD? I did not exchange and attempted to buy a foreign stock but noticed it said "using margin to buy"
Hi, Hope you find this message before you made any purchases. Let me address your questions. 1) Yes you need to exchange currencies before buying foreign stocks. Like if you buy Japanese stocks, you need to convert SGD to Japanese Yen. Moomoo charges 0 fees for exchanging currencies with the only catch being today's exchange rate may not be the same as yesterday's 2) You cannot buy foreign stocks with SGD. If your account has SGD only and 0 Yen but you want to buy Japanese stocks, moomoo will take it that you are buying with no money, (using margins) 3) DO NOT use margins to purchase stocks. Using margins means you buy stocks but you don't have the money to pay for it. So you'll buy stocks by borrowing money from the broker. This comes with the consequences of interest fees and it will increase the money you owe and your debt to the broker. All in all, don't use Margins to purchase. Exchange your currencies. Make sure if you buy foreign stocks, you have their currency.
hi, just want to ask, the fee of basic is just 1 dollar right per trade, can you enlighten me how does it increase to 1.xx based on your video , i mean how much quantity will effect how much fee increase , and also maybe the amount of money trade also effect?
there is also singapore SGX fees, here the link - www.moomoo.com/sg/broker-about/pricing?lang=en-us&global_content=%7B%22promote_id%22%3A13643,%22sub_promote_id%22%3A47%7D go to Singapore then click more!
I am a novice to all this online investment. I want to give it a try. What exactly do i need to know first and which platform should i invest on from the Gambia west Africa? 🇬🇲
May I ask .. Fullerton cash fund has 2 options RSP versus Subscribe. Can please explain which one you click? I accidentally click one trade on RSP for Fullerton cash fund. I am worried
I want to tell everyone..... You do not want to use MooMoo to trade stocks.... I have been on the phone with them for over an hour.... I dont want to get all into my question to them. But the end result is that MooMoo will not let you trade options as you would with any other company. They were trying to tell me to make the option trade that I wanted to make, which I have done in 4 other accounts, that I have to have $10,000 min in my account and I need option level 4. After of being on the phone with them, for an hour and asking over and over to be transferred to someone else, I was finally able to talk to someone else. The result is they MooMoo does not have authority by the SEC to do these trades. I have an account with Webull, no problems doing the trade with them. I have 3 accounts with Fidelity. No problems doing the trades with them. I have had accounts with Ally Invest and no problems there... I have never had a company keep me on the phone for an hour and tell me over and over that what is on their website for Option level 2 is just not correct. So, I will be withdrawing my money.
Hi Demi, I am a beginner in Moomoo just started on 2 May. I have deposited S$1000 into my account and when I want to buy, like S$500, it says margin buy. Please advice how to use my funds instead of margin. Thanks
Doubt so. You probably have to use a more ‘traditional’ trading platforms like POEMS to sell. Also, if your singtel shares has odd lots (i.e. fewer than 100 shares or your shares are not in multiples of hundreds, you have to call your trading platform to sell for you)
Hello Demi, I really need some help here. I saw a lot of ppl said u can invest in voo with as low as 1$ But when I buy it it said price diviated too much from market, what is it🥺🙏🏻
@@DemiZhuang Sorry for disturbing..I have transferred my money into my asset on Moomoo..now when I want to choose Fullerton Fund or USD Money Market Fund..need to answer the assessment first? How to make me be able to invest in one of those fund?
moomoo unadjust price with gap at stock split make no sense. It is the only software in US has this stupid chart option. Forward/backward adjust distort the chart shape
Hi Demi, at the moment, using moomoo for US stocks, just happens to discover ur channel yesterday evening, I am new in moomoo platform, much appreciated if showing beginners guide to trade, thank you...
When we buy stocks through Moo Moo, where does it deduct the money from? Through my bank or from my fullerton SGD cash fund?
Can you share with us how to buy US stock , convert from SGD to USD and how to buy without leveraging with margin loan?
Is there a difference between RSP and fractional share?
Oh nice introduction. I would like to know how does the dividends declared by SGX companies work? Does it get credited into your cash account? Thx.
Yup it goes into your cash account on moomoo
@@DemiZhuang are there any charges for corporate actions?
I just looked on my Moomoo app. I don't see where to do fractional shares. It only will let me do whole shares.
Has to be done within the trading hours
How Demi, please help to explain how do I execute a selling of stock on moomoo mobile app. Thank you.
I submitted for funds exchange to USD but its not immediate n when i tried to buy US shares, it says i m buying on margin. Shud i proceed or wait for the US $ to be exchanged
Should be immediate though. Don’t trade on margin.
@DemiZhuang thx for your reply. I discovered that for currency exchange, there is timing. I think it has to do with working hours. My request last nite (sun) was only effected this morning (mon) 7.30am
@@DemiZhuangI mistakenly traded on margin. Please what is the consequence?
@ginikajessica2960 interest charged on the borrowed $. Top up your account with cash or sell the stock you bought on margin.
How do I buy fractional shares of all magnificent 7?
I would like to thank you for the informative vid. Been contemplating between Moomoo & Webull 👍🏽
I want to tell everyone..... You do not want to use MooMoo to trade stocks.... I have been on the phone with them for over an hour.... I dont want to get all into my question to them. But the end result is that MooMoo will not let you trade options as you would with any other company. They were trying to tell me to make the option trade that I wanted to make, which I have done in 4 other accounts, that I have to have $10,000 min in my account and I need option level 4. After of being on the phone with them, for an hour and asking over and over to be transferred to someone else, I was finally able to talk to someone else. The result is they MooMoo does not have authority by the SEC to do these trades. I have an account with Webull, no problems doing the trade with them. I have 3 accounts with Fidelity. No problems doing the trades with them. I have had accounts with Ally Invest and no problems there... I have never had a company keep me on the phone for an hour and tell me over and over that what is on their website for Option level 2 is just not correct. So, I will be withdrawing my money.
Hi Demi, thanks for all your informative videos.
Do you have any experience with moomoo’s stock yield enhancement program?
Hi, no I don't sorry.
@@DemiZhuangThanks for responding.
Nice. Can you tell me how much of commission/platform fee + any other fees are if I buy USD20 of Apple share ?
Can I use moomoo to buy stocks in the singapore market?
thanks for your presentation. I'm a newbie to moomoo investing. Question: How do you add funds to your stock. I've already bought the stock. I just want to add funds to it. thx.
fund the account and buy again.
So I can just park my money in either of the cash plus account and I can get daily interest?
Yes
How to use moomoo to invest in china exchange or hk exchange? Poaaible?
yup! it's possible!
Hi Demi, I have subscribed to Moomoo and was trying to enter a trade to buy a US ETF that allows fractional shares (have checked). I can't seem to enter a fractional amount.Can this be done only during US stock market operating hours, for fractional shares trade?
Hi, yup 9:30 am to 4:00 pm ET
@@DemiZhuang thanks!
Hi Demi, What will happen if I didnt convert SGD to USD before buying Us Stocks?
moomoo wii chrge interest after 1 day
Which one you think better for beginner moomoo or Webull?
Hmm I think both about the same when comparing between these 2 platform!
Hi, for the moomoo app, can i buy US stocks without using margin trade? or only SG stocks can buy without margin trade?
Also for Margin trading, how can I calculate the interest rate?
Yes you can switch off margin in app settings.
@@DemiZhuang thx found it
Hi, can share why I cant buy us stock even though I have sufficient usd. Keep saying I exceed my purchase power.
Have you converted SGD to USD?
What i meant was to buy fullerton cash fund, which one you click? RSP or Subscribe?
I usually subscribe one time.
If you can tell me why I cant but full quantity like 1-2-3-4. I can buy only 0.1-0.9 and even i have enough balance to buy 💴. Already set market and Limit still cant trade 😢😢😢
is the 5.8% based on daily average or on the first fund transfer in?
Daily average
I want to tell everyone..... You do not want to use MooMoo to trade stocks.... I have been on the phone with them for over an hour.... I dont want to get all into my question to them. But the end result is that MooMoo will not let you trade options as you would with any other company. They were trying to tell me to make the option trade that I wanted to make, which I have done in 4 other accounts, that I have to have $10,000 min in my account and I need option level 4. After of being on the phone with them, for an hour and asking over and over to be transferred to someone else, I was finally able to talk to someone else. The result is they MooMoo does not have authority by the SEC to do these trades. I have an account with Webull, no problems doing the trade with them. I have 3 accounts with Fidelity. No problems doing the trades with them. I have had accounts with Ally Invest and no problems there... I have never had a company keep me on the phone for an hour and tell me over and over that what is on their website for Option level 2 is just not correct. So, I will be withdrawing my money.
Hi can someone explain what does it mean by “using margin to buy”? Is it dangerous?
it's like trading on borrowed money and of course it's not free. Turn that feature off you don't want to do that.
Hi Demi, how can we set up auto deposit into Moomoo account monthly for DCA? Thank you!
a feature that isn't available as of yet but it should come soon. otherwise you can just set a standing transfer from your bank to moomoo a day before your scheduled buy trade.
Can you DDA USD to Moo?
The free fractional shares, do we have to claim it or it will be automatically credited to our account once we qualify ?
Claim under promotion!
@@DemiZhuang click under promotion?
Please give more information about options trading with Moomoo platform.
Is it compulsory to exchange currency before buying foreign stocks or is it just a way to save on fees? Can we buy foreigns stocks directly with SGD? I did not exchange and attempted to buy a foreign stock but noticed it said "using margin to buy"
Hi, Hope you find this message before you made any purchases. Let me address your questions.
1) Yes you need to exchange currencies before buying foreign stocks. Like if you buy Japanese stocks, you need to convert SGD to Japanese Yen. Moomoo charges 0 fees for exchanging currencies with the only catch being today's exchange rate may not be the same as yesterday's
2) You cannot buy foreign stocks with SGD. If your account has SGD only and 0 Yen but you want to buy Japanese stocks, moomoo will take it that you are buying with no money, (using margins)
3) DO NOT use margins to purchase stocks. Using margins means you buy stocks but you don't have the money to pay for it. So you'll buy stocks by borrowing money from the broker. This comes with the consequences of interest fees and it will increase the money you owe and your debt to the broker.
All in all, don't use Margins to purchase. Exchange your currencies. Make sure if you buy foreign stocks, you have their currency.
Madam I am in Malaysia but I not have bank account can use touch and go Ewallet ...? Plzz reply me
How do open derivative account in moo moo
What is the cheapest was to deposit USD into MooMoo?
I'd say deposit SGD then convert in app.
Is recurring buy available?
yes for US stocks!!
hi, just want to ask, the fee of basic is just 1 dollar right per trade, can you enlighten me how does it increase to 1.xx based on your video , i mean how much quantity will effect how much fee increase , and also maybe the amount of money trade also effect?
there is also singapore SGX fees, here the link - www.moomoo.com/sg/broker-about/pricing?lang=en-us&global_content=%7B%22promote_id%22%3A13643,%22sub_promote_id%22%3A47%7D
go to Singapore then click more!
I am a novice to all this online investment. I want to give it a try. What exactly do i need to know first and which platform should i invest on from the Gambia west Africa? 🇬🇲
I'm seriously impressed by your trading knowledge and your beauty. I'm learning a lot from you!
Can i use moomoo in Singapore? I'm Work permit holder
How many days can start seeing the daily interest in the app?
Give it about 2-3 working days
About the 10 buy trade can I just buy 10 times of Seng song and sell it away at the same day? Am I eligible to claim free shares ?
Yes.
Can I deposit money from my credit card ?
No
The fractional share doesnt work. It just brings me to the normal page where I can only buy or sell integer amount of stocks
Could you try contacting them through the in app help?
Hii.. can i know forigner's can invest the moomoo??
See if your home country has moomoo? To apply for SG side you would need employment pass or be a singaporean.
What is your referral code if I want to key it in?
Use this link will do - j.moomoo.com/00x8FW
I have been trying to put mo ey into moomoo as my bank wont use plad
Hello Mam, if i want to buy stocks in 2or 3 quantity can it be done in sg?
Hi, singapore no. It goes in 100 shares.
@@DemiZhuangnot sure today was able buy two shares for dbs in the app. Little confused here
May I ask ..
Fullerton cash fund has 2 options
RSP versus Subscribe.
Can please explain which one you click?
I accidentally click one trade on RSP for Fullerton cash fund. I am worried
Hi RSP is regular savings plan, thats just setting up regular deposits into the fund. I usually do a one time deposit, so subscribe.
Hi, which Broker has lower fees for US stocks? IBKR or Webull?
I want to tell everyone..... You do not want to use MooMoo to trade stocks.... I have been on the phone with them for over an hour.... I dont want to get all into my question to them. But the end result is that MooMoo will not let you trade options as you would with any other company. They were trying to tell me to make the option trade that I wanted to make, which I have done in 4 other accounts, that I have to have $10,000 min in my account and I need option level 4. After of being on the phone with them, for an hour and asking over and over to be transferred to someone else, I was finally able to talk to someone else. The result is they MooMoo does not have authority by the SEC to do these trades. I have an account with Webull, no problems doing the trade with them. I have 3 accounts with Fidelity. No problems doing the trades with them. I have had accounts with Ally Invest and no problems there... I have never had a company keep me on the phone for an hour and tell me over and over that what is on their website for Option level 2 is just not correct. So, I will be withdrawing my money.
Does moomoo allow us to buy Japan ETFs in yen?
Yes!! Newly launched!!
Hi Demi, I am a beginner in Moomoo just started on 2 May. I have deposited S$1000 into my account and when I want to buy, like S$500, it says margin buy. Please advice how to use my funds instead of margin. Thanks
Go to Me > Settings > Trade > Margin Settings, off it there!!
Can i sell singtel shares given by the gov which is held in CDP via moomoo?
Doubt so. You probably have to use a more ‘traditional’ trading platforms like POEMS to sell. Also, if your singtel shares has odd lots (i.e. fewer than 100 shares or your shares are not in multiples of hundreds, you have to call your trading platform to sell for you)
You can actually, CDP to Moomoo Details here - www.moomoo.com/sg/support/topic5_142
Hello Demi, I really need some help here.
I saw a lot of ppl said u can invest in voo with as low as 1$
But when I buy it it said price diviated too much from market, what is it🥺🙏🏻
Could you DM me a screenshot on insta?
@@DemiZhuang dm!Thanks💗
hi when i deposit $250 why can i only buy like $170 worth of fractional shares of the VOO?
Is it SGD vs USD?
@@DemiZhuang I exchanged from SGD to USD before buying
Hmmm DM on instagram w the screeenshot?
The instant deposit doesn't work either
DDA?
Is Moomoo Singapore applicable for me as Malaysian? But I'm working here in SG and have Singapore bank account.
Yup you can.
@@DemiZhuang 谢谢你🤩
@@DemiZhuang Sorry for disturbing..I have transferred my money into my asset on Moomoo..now when I want to choose Fullerton Fund or USD Money Market Fund..need to answer the assessment first? How to make me be able to invest in one of those fund?
moomoo unadjust price with gap at stock split make no sense. It is the only software in US has this stupid chart option. Forward/backward adjust distort the chart shape
I cant get OTP can i sign up via Gmail?
I can’t open your FAQ
oh no here's the link - demizhuang.notion.site/Moomoo-New-User-Sign-Up-Step-by-Step-Guide-724ad00e8b34470595f503881b76fe36?pvs=4
Excuse me, any latest updates in this moomoo?
What kind of update?
Hi Demi, at the moment, using moomoo for US stocks, just happens to discover ur channel yesterday evening, I am new in moomoo platform, much appreciated if showing beginners guide to trade, thank you...
Would like to know the trade of ETF: investo s&p500 equal weighed etf, wide moat etf by van eck or DGRW etf by wisdomtree, thank you
Good stuff. Thanks.
aiya wasted.. i used tiger brokers when covid started and they were the major one then..
Nice can you tell me pls
❤❤❤❤❤❤
Err I don't think this video is for beginners
Yeah....Ure right
hiii
Informative for me this noobie! 😅
You're cute
Any official telegram account have in moomoo