Sign up to Moomoo and earn up to $3,300 in interest with a 6.8% p.a. for 180 days and up to 10 free stocks valued at up to $3,300 for eligible deposits - bit.ly/49u0XHY
Yep you're definitely correct and I highlight that they're not a bank! But there's plenty of control measures in place which I also talked through in the video.
@@raymondla it says on their website the funds are in a HSBC account separate from company funds, and therefore if the company is liquidated our funds wont be. Is that correct?
Thanks for the heads up but the combination of them being unknown and the level of interest they pay out of pocket sounds ponzi. Not to mention there are regional banks the USA that are folding at the moment and the bitcoin ETFs and what not
doesn't matter where they're listed and what not. If they go bust, people with deposits (unsecured creditors) will be the last in line for their money.
it says on their website the funds are in a HSBC account separate from company funds, and therefore if the company is liquidated our funds wont be. Is that correct?
Sign up to Moomoo and earn up to $3,300 in interest with a 6.8% p.a. for 180 days and up to 10 free stocks valued at up to $3,300 for eligible deposits - bit.ly/49u0XHY
Moo moo deposits are not government guaranteed. They are not a bank.
Yep you're definitely correct and I highlight that they're not a bank! But there's plenty of control measures in place which I also talked through in the video.
@@raymondla it says on their website the funds are in a HSBC account separate from company funds, and therefore if the company is liquidated our funds wont be. Is that correct?
if theyre in a seperate fund HSBC account - and the account is government guaranteed, then its fine ye?
Thanks for the heads up but the combination of them being unknown and the level of interest they pay out of pocket sounds ponzi. Not to mention there are regional banks the USA that are folding at the moment and the bitcoin ETFs and what not
doesn't matter where they're listed and what not. If they go bust, people with deposits (unsecured creditors) will be the last in line for their money.
it says on their website the funds are in a HSBC account separate from company funds, and therefore if the company is liquidated our funds wont be. Is that correct?
@@zaydossful probably only for aud, dunno what would happen to usx stocks and balance
Is it worth disinvesting from one platform and then move all funds to moomoo?? Big call
There’s no issues with having multiple brokers, I’ve operated like that for quite some time
Hi is refferal link only works in Australia or internationally
It is for Australia only unfortunately