Step 1. Deposit money into your moomoo accounts
Step 2. Choose the fund that interests you
Step 3. Go to the Detailed Quotes page
Step 4. Click the "Subscribe" button in the bottom
Step 5. Fill in the subscription amount
Step 6. Submit your subscription by clicking the "Subscribe" button
Step 1. Choose the fund that interests you
Step 2. Go to the Detailed Quotes page
Step 3. Click the "Subscribe" button in the bottom
Step 4. Choose one of your bank cards to pay by clicking ">" in the Paying Account field
Step 5. Fill in the subscription amount
Step 6. Submit your subscription by clicking the "Subscribe" button
How to subscribe to a fund via bank account and auto currency exchange:
Deposit Amount: To prevent order failures due to exchange rate fluctuations, the deposit amount is calculated as Deposit Amount = Subscription Amount * Current Exchange Rate * 102%.
Exchange Rate: The exchange rate shown on the subscription page is for reference only. The actual exchange rate will be determined in real-time after the deposit has been made.
Subscription Amount: The amount you enter on the page is your actual subscription amount, and any surplus funds after currency exchange will be left in your universal account as cash.
Example
If you subscribe to a USD fund using your bank account with a subscription amount of USD 100, the actual deposit amount will be 102% of the converted amount based on the current exchange rate:
Deposit Amount = Subscription Amount * Current Exchange Rate * 102% = USD 100 * 1.3306 * 102% = SGD 135.72
When processing the auto currency exchange request, the SGD 135.72 deposit will be exchanged for USD 101.94 based on the latest exchange rate. Any surplus amount, in this case USD 1.94, will be left in your universal account as cash.
NOTES
1）If account net assets are below maintenance margin, no deposit will be initiated.
2）If account net assets fall below maintenance margin after a successful deposit, the purchase will not proceed. Instead, the deposited funds will remain in the account and serve as margin. To proceed with the purchase, place the order again when account net assets are above maintenance margin.
Day T refers to the trading day when fund companies process investors' subscriptions, redemptions, and other requests. Day T varies across funds because fund companies have self-determined cut-off times.
Assume a fund company's cut-off time is 12:00.
● If an investor submits a subscription/redemption before 12:00 on Monday, the order will be processed on Monday (T).
● If an investor a subscription/redemption after 14:00 on Monday, the order will be processed on Tuesday (T+1).
● If an investor a subscription/redemption after 14:00 on Friday, the order will be processed next Monday (T+1).
You can redeem the funds via the following steps:
1. Go to Brokerage Account page
2. Click the fund to enter the Position Details page and click the Redeem button
3. Fill in the redemption units
For bond funds and equity funds, investors can only apply for redemptions until the units are confirmed. It normally takes five business days to post the amount into your account after the redemption (time may vary across different funds). The posted amount can be used to trade stocks, subscribe to IPOs or funds, or make a withdrawal.
For cash withdrawable time after the redemption, please check the trading rules on the Detailed Quotes page.
It normally takes five business days to post the amount into your account after the redemption. You can check the redemption progress by clicking「Accounts - History - Order History - Funds」.
The trend chart displayed on the Detailed Quotes page indicates the fund's net asset value trend in a given period. Therefore, investors can assess the fund's volatility, historical performance, etc., based on the chart. The chart, along with the NAV, is updated at the end of every trading day.
Gains will be generated once the units are confirmed and will be distributed after 21:00 SGT every trading day. Please refer to the actual arrival time of gains.
Gains will be accumulated and distributed on the next trading day of weekends, holidays, and other non-trading days.
For details about the estimated arrival of new gains, you can check:
● Timeline on the Subscription Completed page after you submit a subscription
● Trading rules on the Detailed Quotes page
● The Revenue Detail page
Subscription: There is a minimum investment amount.
Redemption: For bond and equity funds, investors can only apply for redemption when the units are confirmed.
Fund companies will charge a certain amount of money as the management fee. The fee will be deducted from the fund's net asset value. There is no need for investors to make extra payment.
After submitting a subscription or redemption, you can cancel it before the fund company begins processing your order.
Cancellation allowed: before 11:30 on day T
Types allowed: bond funds, equity funds, and balanced funds
You can cancel your orders via the app by clicking Brokerage account > Transactions > the order you'd like to cancel > Cancel order.
Examples:
● If you submit a subscription at 11:00 on a trading day, you can cancel the order before 11:30 on the same day. The order will be processed by the fund company after 11:30 and cannot be cancelled since then.
● If you submit a subscription at 12:30 on a trading day, you can cancel the order before 11:30 on the next trading day.
● Orders cannot be cancelled if they are submitted between 11:30 and 12:00 on a trading day.