Margin account
hi i just opened moomoo and there are 3 margin accounts US, HK, SGD. i deposited funds already and just want to buy one stock without margin. how do i so that?
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Meltyy : Hi there, wait until your funds get completed if you dont trade within your margin. Btw, you should have instant buying power if you made deposit. Theres a notice that if you choose to use margin or not when you're in the trading page.
MadGuineaPig : when you are buying. it will warn you that you are buying with margin before it is sent through. if you keep your order under the amount you have to spend it will not use margin. just be mindful of what you have to spend.
MadGuineaPig : find the ticker you want. click on trade. put in your amount of shares to purchase and the price you wish to pay. then click buy. at that point it will warn you of buying on margin.
102397250 OP : Noted. Will try. Thank you !
MadGuineaPig 102397250 OP : no problem. it can be a lil overwhelming at first but its really easy to do. best of luck!
102789838 : Thank you for the sharing
Shawnie : Wish to know too
AvG- Meltyy : Any advantages or disadvantages of buying with margin? Thanks.
MadGuineaPig AvG- : advantage i guess is buying with money you don't have. disadvantage is they can call for the money to be returned. usually when you look too be a risk.. at a loss.. then you must pay. either bring your balance up to par or they force a sale of shares. losses or no. be very careful. I suggest only using what you put in. and only put in what you can afford to lose. also it takes a week or even up to two to withdraw funds at the point of sell.
AvG- MadGuineaPig : Thank you for the advise.
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