8:21 "Quite a bit cheaper" is quite the understatement, its literally 1/3 the price 😅 And the fee scales up pretty quickly. The difference in fee per trade is approximately $0.65 between IBKR and Moomoo. After just 10 trades, that difference balloons up to $6.50 or around RM30. Imagine making tens or even hundreds of trades over the years x_x
Hi Emir ,may I know is it true moomoo Malaysia under CMSA Capital Market Service Act ? Mean if moomoo go bankrupt we can claim back our money cap at RM100k ? Thanks
You said MOOMOO can convert rate MYR to USD based on live rates. What if use MOOMOO instead of Wise to change currency, then withdraw to Multi-Currency Bank Account and send it to IBKR
According to Moomoo's website, they say and I quote "Real-time exchange rates provided by the upstream bank". I think the bank already factors in markup fees and Moomoo probably gets a cut by partnering with them. But feel free to experiment and let us know if its cheaper 🤷
Correct, their asset availability is quite limited. That’s why in this sense their only advantage is having bursa bcs IBKR doesn’t. Heard it might come soon tho
Invest with IBKR: themillennialfinance.com/ibkr
Invest with moomoo: themillennialfinance.com/moomoo
8:21 "Quite a bit cheaper" is quite the understatement, its literally 1/3 the price 😅
And the fee scales up pretty quickly. The difference in fee per trade is approximately $0.65 between IBKR and Moomoo. After just 10 trades, that difference balloons up to $6.50 or around RM30. Imagine making tens or even hundreds of trades over the years x_x
That’s true haha, IBKR is undefeated fees wise
What's your opinion on Rakuten now?
Still think it’s a decent option but falling behind a bit feature wise
Great video Emir. Any thoughts of Affin Hwang CDS?
Never tried them 😅
my Moomoo MY with RSP feature. not sure why yours one don't have~
Actually I just noticed it too, for us stocks right? I’ll give it a try
How does depositing MYR work for MooMoo ? Am I able to buy US Stocks with MYR? or is there a convert feature in the app?
yes u can convert in app with the current rate
How about fractional shares on both platforms?
Both have it!
What's your view on eToro compared to IBKR? Don't they have zero fees? I see a lot of Malaysians using it
Not a fan anymore tbh, just feels a bit sketchy to me 😅 IBKR is a lot more proper
Hi Emir ,may I know is it true moomoo Malaysia under CMSA Capital Market Service Act ? Mean if moomoo go bankrupt we can claim back our money cap at RM100k ? Thanks
I’ve not heard about this, let me confirm
Moomoo has the RSP, regular savings plan. I use it for weekly investing
Nice, thanks for letting me know!
I use ibkr but won't hurt to use both
Using both too!
is rakuten any good compared to these 2?
Rakuten is decent too! I’m just not a huge fan of the Ui 😅 maybe it’ll be refreshed soon
You said MOOMOO can convert rate MYR to USD based on live rates.
What if use MOOMOO instead of Wise to change currency, then withdraw to Multi-Currency Bank Account and send it to IBKR
According to Moomoo's website, they say and I quote "Real-time exchange rates provided by the upstream bank". I think the bank already factors in markup fees and Moomoo probably gets a cut by partnering with them. But feel free to experiment and let us know if its cheaper 🤷
But hor, MOOMOO don't have Irish Domiciled ETF 😂. Already a big loss for me
This 1 is the biggest downside for MOOMOO atm. Once they make LSE available locally more people sure use.
Correct, their asset availability is quite limited. That’s why in this sense their only advantage is having bursa bcs IBKR doesn’t. Heard it might come soon tho
@@MillennialFinanceMalaysia might come soon, KLSE in IBKR or LSE in MOOMOO?
Think IBKR will release bursa Malaysia first haha
@@MillennialFinanceMalaysia that's vry good to hear
In your opinion for bursa malaysia which platform got the lowets fee?
From what I know I think moomoo is cheapest right now
Ok. Looks like I dont have to look into IBKR then 😅
You want SC regulated? 😅
I think we can trade in Singapore stock market now in MooMoo MY
I definitely can’t on my app haha