My Christmas Wishlist for 2023
Thanks to Moomoo for building and maintaining a cost-efficient platform for trading and investing, and a vibrant community for sharing of ideas, experience and knowledge!
I like Moomoo’s immediate SGD deposit and withdrawal functions via DDA account. There's little if any delay in the funding process during business hours, so that the funds can be deployed almost instantly to take advantage of the prevailing market prices.
My Christmas Wishlist for 2023 is as follows:
I like Moomoo’s immediate SGD deposit and withdrawal functions via DDA account. There's little if any delay in the funding process during business hours, so that the funds can be deployed almost instantly to take advantage of the prevailing market prices.
My Christmas Wishlist for 2023 is as follows:
1. To buy foreign currency-denominated stocks, currently we will have to either deposit the foreign currencies or make in-app currency exchange. Deposit of foreign currencies take longer processing times, while foreign currency exchanges from SGD will subject us to foreign exchange fluctuations. While the Forex fluctuations are parts and parcels of investment in stocks traded in foreign currencies, it would be good to be able to avoid that if our buy orders are not executed, as that will leave us with the foreign currency. An improvement that I look forward to will be the removal of pre-funding in the foreign currencies for entering buy orders. The app can earmark the equivalent SGD (with some excess amount to account for fluctuations if necessary) to facilitate the buy orders. If and when they are executed, then the conversion from the earmarked SGD to the foreign currencies will actually be performed to settle the trades. In this way, users can avoid unnecessary Forex risks if their buy orders are not executed. This will encourage users to enter buy orders on foreign currency-denominated counters without fear of being subject to Forex losses if their orders are not executed. This will help to boost trades on the app and greatly differentiate it from other competitors that require pre-funding of foreign currencies to trade foreign stocks.
2. Automatic amalgamation of trades executed on the same day of the same action and of the same stock to help us save on the brokerage fees.
3. Reward redeemable with points to include stock vouchers that can be used to offset buy trade orders.
4. Option to buy fractional shares to enable dollar-cost averaging with limited budget on highly priced stocks.
5. Expansion of the list of stock markets that can be traded to include Australian stock market.
In summary, I find Moomoo a great app for trading and investing, and I hope to continue my investment journey with Moomoo.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Happy Lifetime : Agree with your suggestions!
Forever Healthy : Good proposals!
whqqq : I like your suggestions!
Mars Mooo :
Support point 4 and 5 (and include London stock exchange if possible.)
102131151PH : I like your suggestions, especially on the stock vouchers!!!