Moomoo cash plus

[lxXXxl]

Looking to subscribe into cash plus, and saw this fee section, under Trading Rules. Does it mean that Cash Plus' listed 7-day yield of 3.8988%, is already AFTER moomoo deducts their fees? Or before? Just trying to understand if I were to put say 10k into cash plus, will there be any fees deducted from my 10k? Or they will just take the fees from the interest they give me?

 

[sohguanh]

Looking to subscribe into cash plus, and saw this fee section, under Trading Rules. Does it mean that Cash Plus' listed 7-day yield of 3.8988%, is already AFTER moomoo deducts their fees? Or before? Just trying to understand if I were to put say 10k into cash plus, will there be any fees deducted from my 10k? Or they will just take the fees from the interest they give me?

Mutual fund like cashplus which is actually Fullerton Cash Fund, the daily price displayed, released is after they take the fee. The 10k you put is full unlike banks which got sales charge deduct from your 10k already remaining then put into the fund.

The interest you mention are the mutual fund returns I think. Yes the returns you see is already deducted fee. Mutual fund much easier to compute profit,loss unlike stock, ETF IMHO

 

[pratik28]

New user is a different promotion.

New user
https://www.moomoo.com/sg/support/topic5_128?from_platform=4&platform_langArea=sg
Existing user
https://www.moomoo.com/sg/support/topic5_728?from_platform=4&platform_langArea=sg

Now the new user 5.8% 30 days is more attractive as you can stack up with singsaver new user sign up promo of $120.

But I wonder 5.8% guaranteed return , does it also mean capital guranteed for 30 days??

 

[Panerex]

For the 5.8% return, how and when would we see it account?

is it at the exact 30 days mark?

is the true up interest separately credited into our cash account?
TIA

 

[sohguanh]

For the 5.8% return, how and when would we see it account?

is it at the exact 30 days mark?

is the true up interest separately credited into our cash account?
TIA

I am same as you also waiting for the 30 days mark. Based on past promo I have with them 1-2 days after the date I would see the monies credit into my Universal Account. They will appear in Messages -> Rewards Reminder. I like moomoo promo as some of them is give cold hard cash not like the GXS Grab give all those points and then you take and redeem vouchers. To me cold hard cash always interest me most.

 

[crimsontactics]

Now the new user 5.8% 30 days is more attractive as you can stack up with singsaver new user sign up promo of $120.

But I wonder 5.8% guaranteed return , does it also mean capital guranteed for 30 days??

Don't think capital is guaranteed, but there is only a very low risk of losing your capital for this investment...

 

[SantyBalls]

Don't think capital is guaranteed, but there is only a very low risk of losing your capital for this investment...

Later pua stunt make u pay fee to withdraw back to bank lol

 

[crimsontactics]

Later pua stunt make u pay fee to withdraw back to bank lol

They never made me pay fee for this...

 

[SantyBalls]

They never made me pay fee for this...

You got the 30day interest liao?

 

[crimsontactics]

You got the 30day interest liao?

Nope...

I use it by mistake on $100...

 

[SantyBalls]

Nope...

I use it by mistake on $100...

 

[crimsontactics]

Power lah Bro!

 

[crystalnox]

SyfeCoin+

 

[Emmalinzm]

I think Moomoo Cash Plus really not bad sia, have been using it for awhile now never faced any issues.

 

[sohguanh]

I think Moomoo Cash Plus really not bad sia, have been using it for awhile now never faced any issues.

Agree. But now using their SmartSave feature still trying to get the hang of it how it all work. I got both SGD and USD stock. For deficit incurred on USD SmartSave supposed to auto-redeem the Cash Plus which is in SGD. Once monies arrived I am supposed to manually do currency exchange to pay for the deficit. So far monies arrived but at Exchange screen no amount shown for me to exchange maybe I need to wait 1 more day then.

 

[CrashWire]

I deposited and did the 7 purchases for the 5.8% National Day promo on 31 August, but still haven't gotten the topup interest.

Checking with CSO, they say that the 5.8% promo was enabled on my account on 19 September, even though I didn't do any transactions between 31 August and then.

Guess it's not all that smooth sailing!

 

[royalmix]

I deposited and did the 7 purchases for the 5.8% National Day promo on 31 August, but still haven't gotten the topup interest.

Checking with CSO, they say that the 5.8% promo was enabled on my account on 19 September, even though I didn't do any transactions between 31 August and then.

Guess it's not all that smooth sailing!

You should get the extra profit about 2 days after 30 period ended, otherwise imply failed participation!

It happened to me. I joined early aug, did not get after 30 days. I never read the message inbox, it appears not successful joining but how can it be as it was done by the agent! Another agent helped me join in early Sept, she said try see can join twice, it works for the second one, as I received the bonus 30 days later (early this month). Felt cheated as I got less as compared to first join (estimated) but better than nothing! Lucky for me, every join I get extra cash coupons

I asked another agent at roadshow, he helped me query but no reply!

 

[sohguanh]

You should get the extra profit about 2 days after 30 period ended, otherwise imply failed participation!

It happened to me. I joined early aug, did not get after 30 days. I never read the message inbox, it appears not successful joining but how can it be as it was done by the agent! Another agent helped me join in early Sept, she said try see can join twice, it works for the second one, as I received the bonus 30 days later (early this month). Felt cheated as I got less as compared to first join (estimated) but better than nothing! Lucky for me, every join I get extra cash coupons

I asked another agent at roadshow, he helped me query but no reply!

moomoo is starting to clamp down on users who try to participate multiple times for same promo using same moomoo account. You can read about all the "holes" in other forum before it get closed down one by one. Reason is becuz moomoo is giving out cold hard cash so everyone all interested to "dig for holes" in their promo in order to get the cash.

 

[revhappy]

I see the 5.8% promo is back and this time no need to make 7 trades. Just subscribe and deposit. If you deposit 50k, you can enjoy 5.8% for 60 days. I just reactivated my closed moomoo account and I am planning to participate in this promo.

Wont be too long before Chris Honey money and Kelvin learns investing make their videos about this new promo, lol.

 

[devion]

Only for new users & existing users who had not made any deposits? I see its only for 30 days, where got 60 days? https://www.moomoo.com/sg/support/topic5_727