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$Crude Oil Futures(FEB5) (CLmain.US)$ What are the differenc...
$Crude Oil Futures(FEB5) (CLmain.US)$ What are the differences between trading crude oil products on moomoo and MT5, and how much capital do I need to trade? I want to transfer funds from XM platform.
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Moomoo Buddy : Hello, to trade futures, you need to complete the following steps:
1. Open a futures account: Customers who have opened a Moomoo SG comprehensive account can open a futures account by following these steps.
In the app's search bar, enter the specific futures contract code and click on its 'Quote Details' page, then click on the 'Trade' button at the bottom to enter the account opening process.
2. Complete fund allocation: Only support fund allocation to ensure that the futures account has enough funds for trading.
Path: In the app, click on 'Account - Transfer - Fund Allocation - moomoo Securities (Singapore) Fund Allocation - Select USD - Transfer to/ from account Choose futures account'
3. Place a trade
Click on 'Account - More - Trade', enter the contract code for trading. You can go to the trading page of this futures to enter the trading account, as long as there is enough margin, you can open a position.
For more details, please click the following link:How to trade futures - moomoo Help Center