facebookPOEMS vs FSMOne vs Moomoo for sgx, US stocks & global etfs. Which one would you recommend to beginners investor? - Seedly

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Anonymous

06 Jul 2021

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General Investing

POEMS vs FSMOne vs Moomoo for sgx, US stocks & global etfs. Which one would you recommend to beginners investor?

POEMS vs FSMOne vs Moomoo for sgx, US stocks & global etfs.

Discussion (5)

What are your thoughts?

Updated May 2022

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I would suggest either Moomoo or Tiger for the following reasons:

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Both Moomoo and Tiger Brokers are regulated by MAS

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Both Moomoo and Tiger Brokers do not charge monthly custodian fees

Hence, there’s no worry about being charged additional fees on your capital.

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Both Moomoo and Tiger Brokers are offering commission fee waivers during the promotion period

Moomoo is offering 180 days of unlimited commission-free trades, while Tiger Brokers is offering 60 comission-free trades within 180 days. Hence, feel free to continue using the brokerage for the next 6 months without worries.

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Both brokerages can be easily funded from DBS/POSB accounts and the withdrawal process is as simple too

Additionally, this is a fruitful month for both brokerages' sign-up offers. In less than a week, I managed to obtain $310 purely on the sign up offers, with a deposit of $4700. This is a 6.6% yield on my deposits. That's more than the dividend yield paid out across all my SGX shares!

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Moomoo ($40 cash coupon + potentially Tesla Share: up to $1300 with $2700 deposit)

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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!)

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I personally see this as a must-get offer as a new investor to have an investing headstart by getting attractive rewards and paying $0 minimum commission for investing in SG, US, and HK equities!

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For me, i started with poems, buy sgx listed stocks (in my cdp acct), then progressed with moomoo acct for us n hk stocks

KY

KY

28 May 2021

Researcher at Research

As a new investor myself, I think platforms like Moomoo & Tiger Brokers help you "try and learn" due...

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