Dadacai wrote a post · Apr 16, 2024 11:07

Congrats on Achieving 1 Million Users in Singapore!

It’s 3 years, 1 month and 1 week since moomoo’s official launch in Singapore and I’m thrilled to hear moomoo has reached the milestone of 1 million users in Singapore!

As a long-time user of iPhones and iPads, I was first drawn to sign up with moomoo because of the free share $Apple (AAPL.US)$ it was offering. Opening an account was quick and convenient. After signing up, I discovered the mobile app had many functionalities missing from traditional stockbrokers like sophisticated chart drawing tools, free access to Level 2 market data, news, a community where one can post opinions and exchange ideas, chatrooms and even educational materials on investment. On top of that, it has lower fees than most traditional brokers. It was a gamechanger at the time. I still have the free share I got as I believe in the future of Apple.

Moomoo has promotions regularly for existing users which is another reason for my continued usage of moomoo. Currently, I have parked idle funds in $Fullerton SGD Cash Fund (SG9999005961.MF)$ for the 6.8%pa total return for 40 days. Even without any promotion, the fund gives me a return close to fixed deposits and the flexibility to redeem at short notice and using moomoo to subscribe, there are no subscription and redemption fees. It is a long established fund with a higher yield than $Fullerton Fund - Fullerton SGD Liquidity Fund (SGXZ40088619.MF)$ and compared to $CSOP USD Money Market Fund (SGXZ96797238.MF)$ , there is no exchange rate risk so I have confidence in it.

I’m also satisfied with the revamped Rewards Club which offers the ability to exchange moomoo points for stock cash coupons and fund cash coupons.

I hope moomoo Singapore continues to improve on its offerings. I am interested in the London Stock Exchange as there are tax advantages for funds that track US indexes like CSPX there.

Here’s wishing moomoo Singapore a happy 3rd birthday and may it reach 2 million users soon! @EXEDASH @AlanTan4 @Agnes chong kk @Alan5135 @Apoh @AlinaYe