Moomoo Singapore and Wise collaborate for easy trade deposit system

The app will allow Singaporeans to change the local currency to Singapore dollars based on real-time exchange rates.

Moomoo Singapore and global technology firm Wise have launched a service offering cheaper means to deposit currency into a user’s trading account.

Through the moomoo app, users can enjoy bigger savings on transfer fees when making deposits. 

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Singaporeans can now opt to deposit via Wise, which allows them to change the current to Singapore dollars at the real mid-market exchange rate.

In addition, clients would be able to view the real-time mid-market exchange rate, which is based on the Bloomberg Index, Google, and Yahoo Finance websites.