For many people looking to start investing in the Singapore stock market, one of the challenges faced is expensive brokerage fees from the incumbent local-based brokerages.

For decades, this problem went unresolved, until in recent years when Singapore started opening up to allow foreign-based brokerages to offer stocks on SGX.

This means potentially lower fees for new traders and investors, especially those with small accounts, since the local-based brokerages usually charge a minimum fee per transaction, which is disadvantageous for small accounts.

 

moomoo promotion

 

Latest Promotion: Free Apple Shares!

One of these new brokerages coming into Singapore is FUTU Singapore Pte. Ltd. (FUTU SG) and its parent company FUTU Holdings Limited, a NASDAQ-listed company and backed by Tencent. In Singapore, FUTU SG’s trading app Moomoo is currently running an attractive limited-period promotion.

From now to 02 October 2021, 1959hr, they are offering the following benefits:

  • 1 Free Apple (AAPL) share worth around SGD 200*
    • For the first deposit of ≥ SGD 2,700 , USD 2,000 or HKD 16,000 before the promotion ends.
    • Make 5 trades on any markey and any product (excluding futures)
    • Limited number of 15,000 AAPL shares available for redemption.
  • 180 days unlimited commission-free trading for the US, HK & SG stock market
  • Free access to market data:
    • Lvl 2 Market Data for the US stock market
    • Lvl 1 Market Data for the SG stock market
    • Lvl 1 Market Data for China A Shares market data

As an ongoing incentive, you can also redeem merchandise (figurines, neck pillows and cushions) using points earned from trading!

Click here to open a FUTU SG securities account! (use this link for extra perks!)

If you are looking to take your first step into stock trading, but have not opened a trading account, this would be a good time to do so.

And even if you are not ready to trade, there is no harm getting the free Apple shares!

 

moomoo app

What Makes them Different?

Here are their 3 main areas of customer-focus:

  • Free real-time quotes and competitive commissions
  • Centralised information & global community
  • 24 hours customer service

By offering some of the lowest fees and trading minimums in Singapore for investing in Hong Kong and U.S. securities, futures and options, this makes it easier and more affordable for new traders and investors get started.

With lower commissions, it also comparatively increases your profit on each trade, and improves your overal returns. With many trades, a small difference can ad up over time to a significant difference.

 

moomoo app 2

24 hours Customer Support

One of the major concerns as a trader is the customer support, because when something happens, such as a technical glitch, you need to be able to resolve the issue immediately.

To give customers a peace of mind, Moomoo (powered by FUTU) provides 24 hours customer service on trading days.

Within their Moomoo app, customers can use the in-app live chat function via “customer service”, where a human customer service representative will attend to your questions.

Additional customer service support is also available via the in-app “Help Center”, hotline, email and social media platforms:

  • “Help Center” via in-app
  • Email: clientservice@futusg.com 
  • Hotline: +65 6439 1100 (Weekdays: 9am – 6pm)
  • Social media: @moomoosingapore

Background of Moomoo

In Singapore, capital markets products and services on moomoo are offered by FUTU Singapore Pte. Ltd., which is licensed and regulated by the Monetary Authority of Singapore (MAS) (Licence No. CM101000).

FUTU and its subsidiaries have 43 licenses globally in major financial markets such as United States, Hong Kong, Singapore and others. 

FUTU SG’s comparative advantage to its peers is known for being reliable, secure and stable, low commissions and seamless investing experience whilst both licensed and regulated (by the MAS). 

Moomoo’s trading capabilities are also backed by its self-developed, proprietary trading system, and world-class strategic investors including venture capital affiliates of Tencent, Sequoia Capital and Matrix Partners.

After almost 9 years of development, FUTU’s trading platforms has garnered over 15 million users from more than 200 regions and regions around the world, with more than one million average daily active users.

With their Moomoo app, FUTU has one of the fastest growing investor communities in the region, and its share price has more than quadrupled since its opening in 2020. 

Click here to open a FUTU SG securities account! (use this link for extra perks!)

 

Note: This post is sponsored by Moomoo app (powered by FUTU).

For sponsored posts or other marketing opportunities, please contact us at https://synapsetrading.com/partnership-opportunities/

samtrade fx valencia cf

Global trading brokerage Samtrade FX has inked a 3-year “VCF Back of Shirt” sponsorship deal with Valencia Club de Fútbol (“Valencia CF”). This agreement with Valencia CF delivers a strong statement of Samtrade FX’s desire and strategic intent to expand into the wider European market.

As the VCF Back Shirt Partner of Valencia CF, Samtrade FX will have its logo, branding, and corporate colours displayed on both the playing and training kit, as well as on the advertising of the Mestalla Stadium – on the giant screen, giant canvas, official bus, the training ground in Paterna, in the Club’s institutional events and all its digital assets: website, app and official Valencia CF social networks.

samtrade fx valencia cf

Samtrade FX founder and Chief Executive Officer, Sam Goh, commented on the partnership, “This partnership is an exciting opportunity to bring together two brands who enjoy global recognition for their commitment to excellence. We see tremendous similarities between Samtrade FX’s lightning-fast and reliable platform and Valencia CF’s swift and accurate play on the pitch.”

Commenting on the sponsorship, President of Valencia CF – Anil Murthy said:
“VCF is very happy to be the first La Liga club to sign a sponsorship agreement with Samtrade FX, an award-winning online trading brokerage. This new agreement is in line with our aim to grow VCF’s brand and fan base internationally especially in a market as important as Asia”.

Samtrade FX’s goal of “Making your priority ours” is borne by a team of advisors and customer service staff that are committed towards supporting clients throughout their trading journey. This enduring commitment to the community is yet another shared value between Valencia CF and Samtrade FX.

Click here to open a Samtrade FX account! (use this link for extra perks!)

 

Note: This post is sponsored by Samtrade FX.

For sponsored posts or other marketing opportunities, please contact us at https://synapsetrading.com/partnership-opportunities/

After trading cryptocurrencies for almost half a year and coaching many others to do the same, I had realised that many new traders seem to face the same gripes about the limited trading platforms. This issue is extremely prominent if traders are used to other platforms such as forex or stock brokerages.

Here are some of the biggest complications about the existing platforms:

  1. Long waiting period for account opening, verification, or funding
  2. Misleading and unfriendly user-interface
  3. Expensive trading fees and wide spreads
  4. High charges by banks for fund transfers

When cryptocurrency was first introduced in 2010, only a handful of specialised exchanges offered trading services. Throughout the years, cryptocurrency trading grew larger in number and size. Comparing the existing functions and complexities of Forex to any other cryptocurrencies brokerages, there is still a huge room for improvement for cryptocurrencies. As of today, many emerging companies are out in the market, competing to resolve the problems consumers are facing.

While browsing the net, I came across many new promising brokerages, and I had a chat with some of them to find out more about where the industry is headed.

One of them is Cryptaw, a new brokerage that aims to provide simplicity and reliability for Bitcoin trading. When I spoke with the management, they told me that  “Singaporeans should not pay a premium for cryptocurrency.”

On Cryptaw’s website, which they have just launched this month, they have made some really bold promises which could potentially disrupt cryptocurrency brokerage industry:
– Direct SGD Deposit
– Low trading fee of 0.6%*
– Simple user interface
– Fast account verification within 3 working days

If Cryptaw is able to address the 4 big issues, it will make it a lot easier not only for new traders (of which many are still waiting weeks/months for their accounts to get verified), but also for existing traders who can benefit from a simpler execution platform.

*Original trading fee of 1.2%. User will be able to enjoy discounted trading fee with promo codes and referral codes. Users will be able to enjoy 50% off trading fee until 3 Aug 2018

 

Note: This post is sponsored by Cryptaw.

For sponsored posts or other marketing opportunities, please contact us at https://synapsetrading.com/partnership-opportunities/