FAQ: How to place a Buy or Sell Order?
***Max qty to buy (cash) does not show the amount of funds you have but the max number of shares that can be purchased with your cash at the price input in the order form.
For example, if you have $2000 cash and the stock price is $2, you can only buy slightly fewer than 1000 shares after factoring in commission/platform/GST/regulatory fees and the fact that the lot size is in multiple of 100 for SGX-listed stocks.
Method 1:
For example, if you have $2000 cash and the stock price is $2, you can only buy slightly fewer than 1000 shares after factoring in commission/platform/GST/regulatory fees and the fact that the lot size is in multiple of 100 for SGX-listed stocks.
Method 1:
Go to Watchlist and click on the stock you want. Alternatively search for the symbol of the stock you want using the magnifying glass.
Click Trade
Click Type to select type of order. Pls note that market orders require you to have funds that are 1.5 times the current market value (price x qty) to ensure the buy order will be successful.
Input price and quantity
Select the Session and Time-in-Force.
For Time-in-force, read: What is the time-in-force and pre-market and post-market-moomoo Help Center
Click Trade
Click Type to select type of order. Pls note that market orders require you to have funds that are 1.5 times the current market value (price x qty) to ensure the buy order will be successful.
Input price and quantity
Select the Session and Time-in-Force.
For Time-in-force, read: What is the time-in-force and pre-market and post-market-moomoo Help Center
You can check the fees applicable by clicking on the highlighted icon.
Note: The fee structure your account enjoys including any waivers can be viewed at Accounts > More > My Fees
Unlock Trade by clicking on the lock icon and keying in your trading password (NOT the same as your login password. Your trading password can be managed at Me > Settings at top right > Account & Security > Trading Password Management). Press Buy/Sell as appropriate.
Method 2:
Accounts > Quick Trade
Click Type to select type of order.
Input price and quantity
Select the Session and Time-in-Force.
For Time-in-force, read: What is the time-in-force and pre-market and post-market-moomoo Help Center
Click Type to select type of order.
Input price and quantity
Select the Session and Time-in-Force.
For Time-in-force, read: What is the time-in-force and pre-market and post-market-moomoo Help Center
You can check the fees applicable by clicking on the highlighted icon.
Unlock Trade by clicking on the lock icon and keying in your trading password (NOT the same as your login password. Your trading password can be managed at Me > Settings at top right > Account & Security > Trading Password Management). Press Buy/Sell as appropriate
To edit or cancel pending orders that have not been filled, read https://www.moomoo.com/community/feed/106193371463686?lang_code=2
I’m not a staff of Moomoo. I wrote this to help fellow Moomoo users. Pls click like if it has helped you.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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toomanyscammers : May I ask what does margin acct mean?
Dadacai OP toomanyscammers : Hi, the account you open with Futu is a margin account. Except for Singapore stocks, you have access to margin (borrow money from the brokerage to trade) subject to minimum maintenance margin. https://support.futusg.com/en-us/category11025/h5
Dadacai OP : The risk with using margin is you can lose more than what you put in. If you do not wish to trade using margin, just buy with the cash you have in your account. When you place a trade, there will be indicators as to how many units you can buy on cash and on margin.
toomanyscammers Dadacai OP : Mmm so for eg, the aapl share if sold, will be to our margin accounts?
Dadacai OP toomanyscammers : It will appear in the US margin account.
toomanyscammers Dadacai OP : Mmm yes I read fr the link u provided above that margin can have a x2 leverage rate for example. But what I wanna clear up is that hmmm....if we transfer cash btw sgd and usd accts, isn’t it considered cash? As in since u said Futu accounts are margin accts. Sorry for asking, still getting familiar with these =)
toomanyscammers : Does it mean we don’t need any brokerage firm to help sell off our stocks already and can just use Futu for this purpose? The fees would be the platform and commission charges yes?
toomanyscammers : Good day night to you too!
Dadacai OP toomanyscammers : Currency exchange moves your cash from one market account to another. Margin is activated only if you buy above the amount of cash you have in the account for that market. Eg, when buying US stocks, it will deduct from USD in the US account and not the SGD in the SG account.
toomanyscammers : Understand. So the fees are those listed like Platform, commission and settlement yes? By the way, thx again for responding to our qns always. Must not be easy being so active here
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