Moomoo Referral Singapore
For the referral code, you may just click on the following Moomoo Referral Link directly!
There are rewards (such as stock vouchers, commission-free trades, free market data, free Apple stock) for using the referral code/link to sign up!
Moomoo (FUTU) is an online broker listed on NASDAQ. It is backed by investors like Tencent. The main reason why people use Moomoo, is to trade US Stocks such as Tesla and NIO online. You can also trade Hong Kong, Singapore stocks using Moomoo.
Moomoo Commission Fees
One of the key benefits of Moomoo is its low commission fees. It is highly competitive among all the brokers. For example the charges for US Stocks (as of the time of writing) is just 0.0049 USD/share, for a minimum of 0.99 USD per trade. This is very low considering that banks usually charge upwards of USD$20 per trade. For example DBS Vickers charges a minimum of US$25.
Due to the low fees of Moomoo, it is useful for people who are either trading frequently or trading in small amounts.
Moomoo Singapore Review
Moomoo is extremely fast for signing up. You can signup online within minutes, using Singpass to fill in personal details automatically. Personally, I signed up on a Wednesday night, and the account was set up within a few hours on the same day. That is amazing speed.
The mobile app of Moomoo also has an excellent design, and is extremely user friendly. The exchange rate given by Moomoo is also highly competitive.
Moomoo Minimum Deposit
There is no minimum deposit for Moomoo, and there is also no minimum number of shares or lots you need to purchase. One can buy as low as just one single stock.
To qualify for the free Apple stock promotion, one needs to deposit SGD $2700. (Offer valid up till 30 April 2021.)
Is Moomoo Safe?
This is the most frequently searched question. Firstly, Moomoo is regulated by MAS (Monetary Authority of Singapore). Their MAS license can be found here.
Secondly, Moomoo has the backing of Tencent, which is a major Chinese tech company who develops very popular apps such as WeChat.
Thirdly, Moomoo is registered with the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash.
Fourthly, Moomoo itself is listed on the NASDAQ stock exchange, under the code “FUTU”.
With any investing, there is always some risk, so do your research carefully before investing using any broker!
Moomoo Invitation Code / Promo Code
Once again, if you decide to sign up for Moomoo, do use the invitation code by just clicking on the following Moomoo Referral Link directly!
Disclaimer: The opinions on Moomoo expressed in this blog post is for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Moomoo Referral Code. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.
The below YouTube video is a beginner friendly introduction and review of Moomoo (FUTU).
Do also check out our review of Tiger Brokers, another popular trading app.