Free Apple Share worth USD 160 from a low cost and robust trading platform!

2 days ago, I briefly shared on my journey of building a new growth portfolio in US stocks using this new online brokerage platform, Moo Moo.

Let me explain the reasons why we should grab hold of this great opportunity to start investing or trading in US, HK and SG stocks using this new platform.

Free One Apple share Sign-Up Promotion

After signing up for a Moo Moo account (Sign Up via this Referral Link), funding the account with at least SGD 2,700, USD 2,000 or HKD 16,000, downloading the Moo Moo trading app from Apple App or Google Play store and completing the simple onboarding tutorial activities, one Apple Inc. (AAPL) share will be credited to your account.

The linkage via DBS/POSB bank account is seamless and after getting the free AAPL share, we could even withdraw our monies back into our bank account.

Furthermore, you will enjoy 180 days of unlimited commission-free trades, free Level 2 Market Data for US stocks and free Level 1 Real-Time Market Data.

You could also make referrals and enjoy up to 20 Twitter (TWTR) shares and additional 600 days of unlimited commission-free trades (1 Twitter share and 30 days of commision-free trade for each person)

The promotion is until 31 May 2021, 8pm SGT as of time of writing, so act fast whilst it lasts.

Safe, Trusted and Secure

The Moo Moo trading platform is powered by Futu Singapore Pte Ltd. which is a subsidiary of Futu Holdings Limited, a leading Financial Techology company listed on the NASDAQ (NASDAG: FUTU) and backed by Tencent Holdings (SEHK: 700), venture capitalist firm Sequoia Capital and Matrix Partners.

Futu Singapore Pte Ltd. is licensed and regulated by the Monetary Authority of Singapore (MAS) License (No. CMS101000). US securities in the account are protected by up to USD 500k and cash in the account by up to USD 250k by Securities Investor Protection Corporation (www.sipc.org). Its local office is located 160 Robinson Road, #25-07, SBF Centre, Singapore 068914.

Very Low Cost

The Moo Moo trading platform charges very low commission and platform fees as follows:

Commission Fees (subjected to 7%  GST)

US Stocks, ETFs & ADRs: USD 0.0049 / share, min USD 0.99 / Order

HK Stocks & ETFs: 0.03% of investment amount or HK$3, whichever is higher 

Singapore Stocks, ETFS & Reits: 0.03% of transaction amount, min. SGD 0.99

Platform Fees (subjected to 7% GST)

US Stocks, ETFs & ADRs: USD 0.005 / share, min USD 1 / Order

HK Stocks & ETFs: HK$15 per order

Singapore Stocks, ETFS & Reits: 0.03% of transaction amount, min. SGD 1.50

Do note that other regulatory fees i.e settlement fee, SEC fee (sell only), ADR custodian fee are waived during the promotional period and may be applicable in future. For futures and options, the fees charged are also higher than the above and listed on https://support.futusg.com/en-us/topic143

Good Headstart

With free shares to lay the foundation of building an investment portfolio, low trading costs to maximise gains and minimise losses, the Moo Moo platform also offers an intuitive and robust investment platform, rich in trading analytic tools, access to global financial news and investment community. All these factors sum up to provide a very good headstart to new investors and even veteran investors or traders who are continually improving and honing their games.

User Friendly and Good Customer Service

Moo Moo offers robust, fast and user friendly platforms for trading on all mobile devices and computers. I have tried out the platforms and was impressed at the rich features, quality of interface and speed of executing tasks.

The customer service is responsive and besides using conventional emails to reach them, there is AI chatbot which we can ask all sorts of questions pertaining to the trading platform and even reach out to real customer service agent. I have engaged the customer service and managed to get my queries and doubts answered promptly.

I believe that I have found the right platform to give myself a headstart into US stocks. This new brokerage still has plenty of room for improvement. For eg. access to UK, Europe and other asian markets, robo investment features, FX trading and so on. However, I would recommend beginners and those who have not traded foreign stocks before to just grab the free Apple stock, and learn to trade using paper account or small amount of real money to gain real experience. It all begin with the very first step.

Thanks for reading. Stay safe and remain strong as always.

With love & peace, 

Qiongster

Disclaimer: This is not a sponsored post but a post for me to share about my experience and reason behind signing up and using this new low cost trading platform. Investment comes with risks and please dyodd.