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Anonymous
For example, if i buy and plan to hold. Do i have to pay a recurring monthly fee for using the platform and having them hold the stocks for me?
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thefrugalstudent
21 Apr 2021
Founder at thefrugalstudent.com
Hi Anon,
I believe what you're referring to is a custodian fee. No, neither Moomoo nor Tiger charge you for holding your stocks. The only time they take money from you is during a trade. So they are ideal for using to buy and hold :)
Hope this helps and all the best!
Regards,
thefrugalstudent
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Updated May 2022
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Hi, there are no holdings fees for Moomoo/Tiger. If you are looking at the sign-up offer, I have recently done it and got my shares! Got more than $300 in a week, which is 6.6% yield on my deposits. That's more than the dividend yield paid out across all my SGX shares!
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If you are interested in jumping on the bandwagon to get the rewards, do check out the links below :)
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Moomoo ($40 cash coupon + potentially Tesla Share: up to $1300 with $2700 deposit)
Tiger (1 Free Grab Share + $5 cash coupon + potentially Tesla Share: up to $1270 with $2000 deposit)
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(Update: With the Student promotion for Moomoo, you only need to deposit $1000 instead of $2700 to get your $240 reward!)