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Sunday, May 2, 2021

Moomoo trading account

 Wah, nice welcome bonus!

Opening of new account get 1 free Apple share plus 180 days free trade comm and level 2 US stocks live data.

The terms and conditions:

1st May 2021

Opening Offers

This offer is only valid for new customers who are either Singaporeans or Permanent Residents of Singapore or Singapore Residents with Singapore residential addresses, are at least 18 years of age, and have a valid Singapore bank account in their own name.

The offer is also valid for non-Singapore residents, however we are currently limiting sign-ups to a limited group of nationalities. Please click on the drop-down box during your account opening process to see if your nationality is available on the list. 

The opening offers are only valid for new Futu Singapore Pte. Ltd. ("FUTU SG") securities accounts.

Offer Rewards for Completing Initial Deposits

1. When you successfully complete a total deposit of minimally SGD 2,700 or USD 2,000 or HKD 16,000 in your moomoo account during activity time (1st May 2021 to 31st May 2021 [SGT 1500hrs]), you will receive the following,;

a) 1 share of AAPL stock within 5 business days

b) Free OPRA Option Real-time Quotes for US market,

after the total minimal deposit criterias are met, completed and when the funds are settled. Users will need to download the moomoo mobile app on either Apple App or Google Play store and log in to receive the rewards. 

Personally, I have tried opening the account so as to find out was the free Apple share for new account opening member really get credited and we can sell once fulfilled the initial deposit of S$2700.

The moment your account has been approved you may download the Apps and log in using the signed up id and password. Click on Me/ click on Deposit icon to set up the bank DDA process.

I opened the account in April plus deposited the the fund . 2 days later the Apple share was credited to my USD account . 

I tried placing the trade to sell. The 1 Apple share was sold off at $133.67.

It get credited T + 2 business days as cash available on my USD account.

I used the currency exchange rate to convert USD to SGD.  The conversion was seamless.

A few days later, I tried to request for fund withdrawal of SGD to my Local bank account. It really get credited on 1 business day.

You will receive a notification noticed telling you the fund transferred has been completed.

No fees for Both depositing and withdrawal to your DDA bank.

[Withdrawal Completed]

Your withdrawal of $xxxx.00 SGD has been sent to the DBS/POSB Bank (xxxx) via FAST. [FUTU SG]

Please take note that this is a margin trading account.

Just merely sharing!

Pls dyodd.