moomoo SG Help Center-How to trade leveraged foreign exchange
English
Back
Clear
All
Quotes
News
Learn
Help
All
US
HK
CN
SG
AU
JP
All
News
Announcements
No matches yet
Operations too frequent. Please try again later.
Please check network settings and try again Refresh Refresh
Loading
History record
    Latest News
      Quotes More
      News More
      Learn More
      Help More
      Loading
      News More
      Announcements More
      Reports More
      Log in to access Online Inquiry
      Back to the Top

      How to trade leveraged foreign exchange

      You can trade leveraged foreign exchange (“forex”) just by following the three steps below: opening a forex account, transferring funds, and placing an order. Here is how you can do it:


      1. Open a forex account

      Currently, you must have a Moomoo SG universal account before you can open a forex account.

      To open a forex account, you can:

      a. search for a currency pair code, such as“EURUSD”, in the search box, and go to its quotes page; 

      b. tap the“Trade” button in the bottom left corner of the page to open an account.


      2. Transfer funds

      Currently, you can deposit or withdraw funds in or from your forex account only via“Cash Transfer”.

      With “Cash Transfer”, you can transfer funds from your securities account to your forex account so that you can trade. The funds transferred will be posted to your account in real time, without any service fee.

      To transfer funds, you can: On mobile app, tap「Accounts > Transfers > Cash Transfer > Moomoo Singapore Cash Transfer > Select USD > Forex Account」


      3. Place an order

      3.1 Place an order to open a position

      You can open a position on the“Trade” page. To do so, you can:

      ● or go to the quotes page of a certain currency pair, and tap“Open”in the bottom left corner to access the “Trade” page;

      3.2 Place an order to close a position

      You can close a position also on the “Trade” page. To do so, you can:

      ● go to the quotes page of a certain currency pair, tap“Close”in the bottom left corner to access the“Trade”page, and select the position that you want to close; 

      ● or select a certain forex position, and tap “Close”or“Take Profit/ Stop Loss” below to access the“Trade”page.