Buying US stock with MYR
Can we buy US stock with MYR directly? Would it incur an additional fee?
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Moomoo Buddy : Margin trading and regular order placement for buying operate similarly. When the quantity of the order you place exceeds Max Qty to Buy (Cash), it will be considered as using margin trading. In addition, when trading US stocks, if the account does not have enough USD cash, automatic exchange of MYR may be used. The automatic currency exchange occurs during settlement time after 9:00 AM (MYT) on business days, and the exchange rate depends on the actual transaction results of the upstream, which can be viewed in the statement. If there is a negative cash amount in MYR after the automatic exchange, MYR margin financing may be used. If you have any questions, please feel free to contact us via MooMoo-Me-Customer Service-Online Inquiry or hotline (+60) 03 9212 0708 Thank you for your support! Have a nice day!