$CapLand IntCom T (C38U.SG)$ guys, please raise the issue ab...
$CapLand IntCom T (C38U.SG)$ guys, please raise the issue about the margin fee. they replied this which doesn't make sense and moomoo buddy did not mention about the fee and infer that it will automatically deduct from cash plus:
Dear client, regarding your previous inquiry about the margin interest in Sep, after further checking, there was a C38U preferential offering subscription on 20th Sep and cost xxx sgd, at that time, your account had no enough cash, so used margin to pay it and began to calculate the interest . The system auto-redeem your cash plus later on 21th Sep, which was settled on 22th Sep and paid off your this arrears and stopped to calculate the interest. So your account was charged the interest for 3 days in total, which is 20th, 21th and 22th Sep. The margin account is xxx sgd and the margin rate is 4.8%, so the total interest amount is xxx SGD. You can check your month statement of Sep and see the details in the "financial overview " part. Thanks for your patience and support. Have a good day!
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discreet Anteater_08 : I get the same reply too. doesn't make sense right
想赚钱的人 : Hi, these right shares need cash to apply. you can't use cashplus or Fullerton cash funds to apply because it will incur margin. Both my moomoo and FSM account have CICT. I called them up and checked. they told me I can't use cash plus to deduct. I need to transfer it to the cash account. that's why I transfer out to avoid margin. because once you subscribe, cash will be locked up but due to cash account no cash, you will incur margin.
discreet Anteater_08 想赚钱的人 : ah, ok. now I learn something new today. thanks for sharing, next time I know.
想赚钱的人 discreet Anteater_08 : have a nice day ahead.