How to Transfer Stocks To Moomoo For Investors (Step-By-Step Guide)
Have you ever wonder how to transfer stocks to Moomoo Singapore?
Actually the process is very easy, and it only takes you less than 5 minutes to complete.
Get Started to Make The Stock Transfer
You can get started by opening your Moomoo Account using this LINK.
Moomoo SG offers many promotions for new account users and perks for current users, so do make sure to take advantage of the benefits offered by Moomoo.
- Extra S$20* FREE Cash Coupon.
- Claim 4 x FREE stock bundle worth S$280* with $10,000 deposit & 8 buy trades.
- Get additional S$260* FREE AAPL stock with $100,000 deposit.
- Earn 31 days 6.8%* p.a. return on idle cash with Moomoo Cash Plus
- Low commission fee for SG and HK stocks, ETFs and options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
Once, you’ve opened your account, here’s what you’ll need to do.
How to Transfer Stocks to Moomoo SG From Another Brokerage?
Amount the list of brokerage you can transfer your assets, Moomoo is by far IMO (in my opinion) the best MAS Registered Low Cost Brokerage you should use.
Moomoo is ACATS supported, meaning it let you easily transfer your stocks, options and cash balance from any other brokerage to your Moomoo SG account seamlessly without much hassle. And this process can be completed within 5 minutes.
Step 1: Navigating Moomoo SG Trading App
Sign in your Moomoo SG account.
Once you’ve signed in, tap on the “Accounts“ icon at the bottom of the screen.
Accounts > Transfers > Transfer Stock In
(Images are for illustrative purposes only.)
Step 2: Choosing Your Stock Market
Scroll down and select the “Stock Market” where your current stocks are located and want to transfer into Moomoo SG.
- If your stock in your external brokerage is in the US Market (NasDaq or NYSE), choose “US Market“
- If your stock in your external brokerage is in the HK Market (HKEX), choose “HK Market“
- If your stock in your external brokerage is in the SG Market (SGX), choose “SG Market“
In this example, I’ve click on the SG Market to make a transfer of stocks from my external brokerage into Moomoo SG.
Step 3: Brokerage Info
Enter the information of the brokerage:
- Choose the brokerage you want to transfer from, and if the brokerage is not found, click on the View More > Others
- Enter the information for the stock brokerage and the stocks
When I do this step, here are the information requested:
- Brokerage Name (External Brokerage)
- Account No. of External Brokerage
- Brokerage Contact Person (Your Name)
- Brokerage Contact Number (Your Phone Number)
- Brokerage Contact Email (Your Contact Email
Step 4: Stocks Info
Then you will be asked to fill up your stocks details.
- Stocks Symbol (Ticker symbol of the stocks)
- Quantity (Number of Shares)
- Cost per Share (For your own tracking)
Step 5: Review Your Transfer Details
Do a quick check and review your transfer details.
Check your transfer details:
- Transfer From: Brokerage name, Brokerage Account No. and Account Name
- Transfer To (Auto): Brokerage name, Brokerage Account No.
- Stocks Details: Symbol and Quantity
(Images are for illustrative purposes only.)
Once done, you can click “Confirm” and the Moomoo SG team will help you progress your request.
About Transferring Stocks to Moomoo SG From Another Brokerage
At the time of writing, there is a few reasons why you may want to transfer your stocks to Moomoo SG.
- Stocks transfer only take 3 to 5 business days which is very fast!
- Moomoo SG don’t charge any transfer fees (wahoo!), however it is good to note that many other brokerage charges outgoing fee thus you need to keep that in mind.
Transfer of stocks to Moomoo can be done with any brokerage:
- Transfer stocks from CDP to Moomoo (Central Depository to Moomoo)
- Transfer stocks from WeBull to Moomoo
- Transfer stocks from Tiger Brokers to Moomoo
- Transfer stocks from IBKR to Moomoo
- Transfer stocks from POEMS to Moomoo
- Transfer stocks from DBS Vickers to Moomoo
Transfer stocks from CDP to Moomoo (Central Depository to Moomoo) can be done similarly, but you’ll need to email SGX to request for the transfer.
My Personal Experience With Moomoo SG
I find the transfer of stocks to Moomoo SG to be pretty easy and intuitive.
Currently, I make most of my trade using Moomoo SG, and it is because of a few reasons:
- Lifetime $0 commission on all US Stocks.
- Free level 2 live quotes for US market.
- Low commission fees for trading Singapore and Hong Kong stocks (I do quite a lot of HK stock trading)
- Realtime financial data and valuation tools for fundamental analysis.
- Easy to use and most importantly MAS regulated online brokerage.
So if you are like me who does invest locally in Singapore and internationally in the US and HK market, Moomoo SG can be a good choice.
Minimum investment: $0
Stock/ETF Commission Fees: $0 for US, 0.03% for SG, HK
Options Fees: $0.65 Per Contract
Markets: United States, Hong Kong, China, Singapore
Suitable For: Beginner and Experience investors looking to invest in both locally and internationally.
Disclaimer: All views expressed in the article are independent opinion of the author, based on my own trading and investing experience. Neither Moomoo Singapore or its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.
* T&C Applies
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We’re supported by readers who buy via links on our site. While this may influence which products we write, it will not influence our opinions and evaluation. Learn more.
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Antony C. is a dividend investor with over 15+ years of investing experience. He’s also the book author of “Start Small, Dream Big“, certified PMP® holder and founder of IncomeBuddies.com (IB). At IB, he share his personal journey and expertise on growing passive income through dividend investing and building online business. Antony has been featured in global news outlet including Yahoo Finance, Nasdaq and Non Fiction Author Association (NFAA).
