Are you tired of juggling multiple investment platforms that are complicated to use and charge high fees? Are you looking for an all-in-one investment platform that offers a range of investment options, competitive commission rates, and powerful trading tools? Look no further than Moomoo SG!
Moomoo SG is an innovative investment platform that is fully licensed and regulated by SEC and FINRA to provide a seamless trading experience and integrated information for both novice and experienced investors. With a range of investment options including stocks, ETFs, options, and more, Moomoo SG offers you the flexibility to create a diversified portfolio tailored to your individual investment goals.
Do note that this article is written in collaboration with Moomoo Financial Singapore Pte. Ltd. and may contain affiliate links.
Investing can be an exciting and lucrative way to grow your wealth, but getting started can be intimidating. That’s why many investment platforms offer welcome bonuses to encourage new users to try out their services. And if you’re looking for an investment platform with an exciting welcome bonus, look no further than Moomoo SG.
From until 31 May 2023 11:59 SG Time, new users who register an account with Moomoo SG will receive:
- S$20 Cash Coupon (S$2 every day for 10 days)
- 1 Free Coca-Cola (NYSE: KO) Stock
- S$108 Cash Coupon
- S$10 Fund Coupon if people deposit S$100
More details can be found in their FAQ which I have reference it below:
How do I get up to S$20 Cash Coupon?
1. Deposit at least S$100 / US$75/ HK$600
2. After the conditions are met, you will need to click “Claim” on the landing page and the daily S$2 cash coupon will be sent to you immediately per day when you hold positions of S$100 (cash, stocks and other assets included) or above for 10 days. The amount will take about 1 – 3 working days to be reflected in your Universal account.
How do I get the Free Coca-cola share (NYSE:KO)?
1. Deposit a cumulative amount of at least S$2,000 / US$ 1,525 / HK$ 12,000 and complete at least 2 buy trades (You can also buy into Moomoo Cash Plus!)
2. After the conditions are met, you will need to click “Claim” on the landing page and a frozen Coca-cola share (NYSE:KO) will be issued to your universal account
3. Maintain daily assets (cash, stocks and other assets included) of S$2,000 / US$ 1,525 / HK$ 12,000 for 30 days before the stock will be unfrozen and credited to your Moomoo SG universal account. Due to stock price fluctuations, the total asset value is allowed to drop by 30% from the stated amount.
How do I get the S$108 Cash Coupon?
1. Deposit an accumulated amount of S$10,000 / US$ 7,625 / HK$ 60,000 & complete accumulated of at least 7 buy trades (Note: Buying in Moomoo Cash Plus is also considered a buy trade!)
2. After the conditions are met, you will need to click “Claim” on the landing page and a frozen S$108 cash coupon will be issued to your account.
3. Maintain daily assets (cash, stocks and other assets included) of S$10,000 / US$ 7,625 / HK$ 60,000 for 90 days before the S$108 cash coupon will be unfrozen and credited to your account. The amount will take about 1 – 3 working days to be reflected in your Moomoo SG Universal account. Due to stock price fluctuations, the total asset value is allowed to drop by 30% from the stated amount.
Let me share with you on four other interesting features in Moomoo SG app!
Do note that Past performance of Fullerton SGD Cash Fund is not indicative of future returns.
1. Moomoo Cash Plus
Nowadays, as the volatility of the current investment environment is rising, an increasing number of investors tend to opt for investments with higher stability and lower risks.
For those who are familiar with personal finance management should know that there are many guaranteed income products in Singapore, including fixed income, Singapore Government Treasury Bills (T-bills), SSB (Singapore savings bonds), etc., the average annualized yield of which are around 2 %~3% with relatively long lock-up period, which is not suitable for storing short-term idle funds.
One of the standout features of Moomoo SG is the Moomoo Cash Plus. This program offers investors the opportunity to earn attractive interest rates on their idle cash balances. With Moomoo Cash Plus, you can earn interest rates of up to 4% on your idle cash balances, allowing you to maximize your investment returns even while you’re not actively trading.
(4% p.a. returns derived from Fullerton SGD Cash Funds as of 6 April 2023. Past performance is not indicative of future returns.)
What is Moomoo Cash Plus?
Cash Plus is an idle money management tool provided by Moomoo. Currently, there are two types of money funds for investors to choose from:
- Fullerton SGD Cash Fund
- CSOP USD Money Market Fund
– The Fullerton SGD Cash Fund is currently the largest SGD money market fund, the return rate of which once exceeded 4% even under the environment of interest rate hikes, which is much higher than the average savings rate of banks (0.25%). And most importantly, this fund has never had a monthly negative return since its establishment in 2009, which is quite impressive.
– The CSOP USD Money Market Fund is Singapore’s first T+0 subscription and redemption USD money market fund, which can be flexibly transferred from your investable USD in and out of the fund while waiting for investing opportunities in the stock market. The fund invests primarily in high-quality short-term money market instruments and debt securities that provide liquidity and returns comparable to U.S. dollar deposit rates.
It can be seen that the ordinary annualized interest rate of Moomoo Cash Plus is around 3.7% currently. And we can see the rate is indeed higher than other tools currently on the market!
How to participate?
1. Register and open a moomoo SG account (if you have already registered and opened an account, please ignore this step)
2. Deposit at least SGD 100 to qualify for 3.7% bonus rate and S$10 coupon.
What are the advantages of Moomoo Cash Plus compared to other wealth management products in Singapore?
Enjoy high yield with good liquidity!
– In Singapore, products with higher interest rates than moomoo are often endowed with poorer liquidity.
– Products with slightly better liquidity often generate relatively low yield
The other advantages of moomoo Cash Plus include:
1. 7-day annualized return is as high as 4%. This return rate is higher than most bank savings returns;
2. Stable income – Fullerton SGD Monetary Fund has never had a monthly negative income since its establishment in 2009 (data as of October, 2022)
3. Buying power is shared with the stock account – the assets in Cash Plus will also be calculated into stock buying power at the same time;
4. No lock-up period, enjoy subscription and redemption within the day;
5. Earn interest from your spare money, your spare money can gain generate returns every day even on the weekends;
6. Zero fee for subscription and redemption – Moomoo does not charge fund subscription and redemption fees, and no additional handling fee is required;
Subscribe S$100 into Moomoo Cash Plus now, and you will receive up to S$30 worth of rewards, S$10 fund coupon and S$20 cash coupon (S$2 for 10 days)!
2. Financial report calendar
People could find the financial reports on Moomoo and subscribe on their Calendar to read it as soon as it releases.
Additionally, people also gain insights from professional media’s and investor’s comment. See the photos below for this exciting feature.
3. AI-Powered Feature
But that’s not all!
Moomoo SG app also comes equipped with an AI-powered feature that helps you make smarter investment decisions. The AI-powered feature uses machine learning algorithms to analyze market trends and patterns, providing you with valuable insights into the market and helping you make informed investment decisions.
Market Monitor also to automatically track and alert you on unusual activities of all stocks across different markets in real-time too. Users get insights into the stock that they are interested in.
4. Free Learning
With Moomoo SG, you can also access Free US stock commission and Level 2 Market data and other real time market data, 7×24 hours live news feeds, and customizable charts and tools to help you stay informed about the latest market trends and developments.
Additionally, Moomoo SG provides a comprehensive education center and free paper trading that is designed to help you learn more about investing and trading.
How to Sign up?
Signing up for Moomoo SG is easy and hassle-free. All you need to do is download the Moomoo SG app, create an account, and start trading.
Step 1: Download the Moomoo SG app using this link on your phone and then log in
Step 2: Set up and open the trading account using MyInfo
Step 3: Wait for the account to be setup. An email will be sent to you.
Step 4: Deposit and trade with moomoo to get the welcome Gifts as mentioned above! Copy the information here again for easy reference.
From until 31 May 2023 11:59 SG Time, new users who register an account with moomoo will receive:
- S$20 Cash Coupon (S$2 everyday for 10 days)
- 1 Free Coca-Cola (NYSE: KO) Stock
- S$108 Cash Coupon
- S$10 Fund Coupon
Don’t miss out on this fantastic opportunity to start your investing journey on the right foot!
With competitive commission rates, a wide range of investment products, powerful trading tools, and a user-friendly interface, Moomoo SG is the perfect investment platform for anyone looking to take their investing game to the next level. So what are you waiting for? Join the investing revolution with Moomoo SG today and start trading like a pro!
All views expressed in this article are independent opinions of the author. Neither moomoo Singapore nor its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.