5 Days 8% Coupon for US money fund
Anyone use this coupon yet? I had wanted to subscribe but moomoo exchg rate markup is about $90 to change 20k
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ZnWC : Can you find a bank or money exchanger that can give you better rate than Moomoo? If you can, withdraw you SGD out and exchange to USD and deposit it back to your moomoo account. Note that some bank will charge fee if you transfer foreign currency like USD. Also some platform may not allow you to direct transfer USD directly to Moomoo account. Conclusion is you may have no choice but to use Moomoo exchange rate which I think is better than any bank rate. It is not practical to compare Google exchange rate with moomoo exchange rate.
ZnWC : This is today SGD to USD rate for DBS bank - worse than Moomoo rate. Even if you find out that Tiger or Webull brokerage has better SGD to USD exchange rate, can you transfer USD to Moomoo from this brokerage? I don't think it is allowed.
102712895 OP ZnWC : Hi thanks for chking that out. I m trying to take advantage of th coupon but with this exchg rate its doesnt make sense i stick to th sgd cash fund
ZnWC 102712895 OP : If you don't want to lose on exchange rate, just invest in SGD stocks or fund.