Moomoo trading US stock
Hi all, does moomoo sell a US stock require 2 days before the money credit into account? Kinda slow for its transaction though. Normally, buy/sell is within sec isn't it?
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pl0tw1st : With the RH debacle, from my new understanding, the account doesn't technically receive cash for 2 or more days, but based on margins Moomoo will allow you to still buy stock as if you did have the cash in your account
Ilona : The amount will be exchangeable on T+2 because of the settlement.
Green Day Shanks OP : I see.. Cos I used other platform its almost instant. Like I can buy and sell.. Then buy again using the profit money etc. Hmm.. This T + 2 is the killer..
Ilona Green Day Shanks OP : Sorry, I didn't understand what you said. T+2 settlement is applied to withdrawing and trading options. It has nothing to do with your buy and sell.
Ilona : And you can buy and sell within sec.
Green Day Shanks OP Ilona : I see.. Thanks for clarification. Thinking of migrating from Tiger broker to here. What's your perspective on Moomoo platform? The 365 days free trade look attractive but however the SGD to Usd conversion rate is not favorable.