Webull Singapore

[rerear]

Any fee-free way to transfer USD from StandChart, into Moomoo?

 

[blackie83]

Anyone csop usd getting less interest and you don’t get it on 14 may ?

 

[wutawa]

Any fee-free way to transfer USD from StandChart, into Moomoo?

U may want to ask this in either moomoo or stand chart threads.

 

[MESSY7]

Hi experts can I ask if webull charges settlement fees for U.S stocks? Currently in Moomoo and the settlement fees are no joke quite high. I can't see anything about it on webull website.

Thinking of moving some of my funds to webull or ibkr instead of everything in moomoo hence the question.

Thanks!

 

[donnygg]

So far i've been paying only 55c for commission+GST, since minimum commission is 50c
https://www.webull.com.sg/pricing

 

[revhappy]

Why is Webull forcing us to deposit/convert to USD for the welcome promo?

 

[Jun666]

deposits a currency other than USD, it will be converted to the equivalent USD amount at the exchange rate of SGD1 = USD0.7297
wow.. this rate quite bad

 

[sohguanh]

Why is Webull forcing us to deposit/convert to USD for the welcome promo?

Not sure all their recent promo all play with USD so I see their marketing email I just delete.

 

[sohguanh]

deposits a currency other than USD, it will be converted to the equivalent USD amount at the exchange rate of SGD1 = USD0.7297
wow.. this rate quite bad

Moomoo rate is better as I have tested before change same time same amount. But the best is still IBKR but it enforce a minimum and a service fee so that one is for change big amount then worth it.

E.g I just change SGD 2 to USD in moomoo go through. I miscalculated the total USD I need for my weekly US stocks DCA.

 

[Jun666]

ehh.. i found this on webull FAQS

Currently, Moneybull supports only SGD and USD.

https://www.webull.com.sg/help/faq/1337-What-currencies-can-I-use-for-Moneybull

 

[Jun666]

Does it mean that we can subscribe in SGD, no losses on FX and no FX risk?

 

[sohguanh]

Does it mean that we can subscribe in SGD, no losses on FX and no FX risk?

As long as the underlying instrument need non-SGD to buy you will be hit with FX. Only is directly upfront or indirectly. E.g I buy mutual fund that invest in USD stocks although I pay SGD underlying fund managers will do the conversion. So if I sell same. But to me as customer I only focus on I put in how much SGD I get back how much SGD to simplify my own calculations.

 

[revhappy]

Does it mean that we can subscribe in SGD, no losses on FX and no FX risk?

The website doesnt have much information. It doesnt even tell what are the underlying funds. If the SGD underlying fund is SGD hedged then it should be okay.

 

[Listopad]

I have tried messaging help Centre whether funds need to be in usd . No response.
But reading T&C / FAQ, the usd equivalent could be for calculation of rewards purpose , underlying funds can be in sgd . It’s not clear so need confirmation. Otherwise not worth given FX flux

 

[Listopad]

The website doesnt have much information. It doesnt even tell what are the underlying funds. If the SGD underlying fund is SGD hedged then it should be okay.

The underlying fund for SGD is the Fullerton cash SGD fund .

Chat function replied sgd will qualify for this promo too.

 

[revhappy]

The underlying fund for SGD is the Fullerton cash SGD fund .

Chat function replied sgd will qualify for this promo too.

You mean for the new user promo, deposit 2k USD?

I see singsaver also has webull promo, but everything mention USD, no mention about SGD.

 

[Listopad]

You mean for the new user promo, deposit 2k USD?

I see singsaver also has webull promo, but everything mention USD, no mention about SGD.

I’m existing user . Sorry Referring to existing user promo . Yes everything mentioned in usd, but that’s for reference to calculate the rewards equivalent only. Actual vestment can be in sgd as what they have confirmed to me.

New user may be able to stack . You’ll have to enquire …

 

[Jun666]

The underlying fund for SGD is the Fullerton cash SGD fund .

Chat function replied sgd will qualify for this promo too.

Thanks for sharing! gonna move my 200K from moomoo to webull as this is way better

 

[Listopad]

“Webull participates in the Securities Investor Protection Corporation’s (SIPC) protection scheme in the United States providing protection for up to $250,000 in cash.”

Anyone knows if we can avail to this in the event of ….

 

[sgdividends]

The underlying fund for SGD is the Fullerton cash SGD fund .

Chat function replied sgd will qualify for this promo too.

I’m existing user . Sorry Referring to existing user promo . Yes everything mentioned in usd, but that’s for reference to calculate the rewards equivalent only. Actual vestment can be in sgd as what they have confirmed to me.

New user may be able to stack . You’ll have to enquire …

Does it mean the rewards is based on the USD equivalent of SGD at reference rate and the rewards is given in USD?

Meaning 200k sgd.( this is not converted)

USD equivalent = 200ksgd×0.7297= 145940 USD
3%×145940usd = 4378.2usd.

Rewards given is 4378.2 USD.

What rate will be used to change this 4378.2usd to sgd ? The spot rate or reference rate