How come Syfe, Saxo, Moomoo etc offer 4% interests on deposits ??

[GOD IS MY DOG]

came across Syfe, Saxo, Moomoo............maybe other broking firms too ? Huh

how come they offer 4% interests on deposits ah ? Huh

they're not banks leh.................any catch on this good lobang ?? Huh

 

[ftan42]

the deposit amount is limited
needs to do some trade
fulfil the T&C if any on the deposit

 

[ykhuser]

the deposit amount is limited
needs to do some trade
fulfil the T&C if any on the deposit

for Syle,so far i deposit.no min amount.throw in 20k not sure about upper limit.yes is 4% for 3 months.no trade needed

 

[Rogue Trader]

Higher interest to attract customers lah