Moomoo is an online trading platform and is arguably the most popular one in Singapore.
Through technology and human effort, moomoo makes your trading experience seamless.
Launched in March 2021, moomoo is a one-stop investment platform.
Whether you’re an experienced investor or a newbie, moomoo may have an answer for you.
In this post, we’ve partnered with moomoo SG to share why.
Markets Offered by moomoo SG
With moomoo, you primarily get exposure to 5 global markets — the US, Singapore, China A-Shares, and Hong Kong.
Moomoo SG supports up to 16 order types for each market, based on your trading needs.
You can place
- Market Orders
- Limit Orders
- Attached Orders
- Stop Limit Orders
- Trailing Stop Orders
- Trailing Stop Limit Orders
- Stop Orders
- Limit-if-touched (LIT) Orders
- Stop Loss Limit Orders
- Stop Loss Market Orders
- Trailing Stop Loss Limit Orders
- Trailing Stop Loss Market Orders
- Time Weighted Algorithm Orders (PI users only)
- Volume Weighted Algorithm Orders (PI users only)
- Bracket Orders (underlying stocks only)
- Market-if-touched (MIT) Orders
Note that some orders might be restricted on the platform due to insufficient liquidity as they are executed at uncertain real-time prices.
Investment Products Offered by moomoo SG
As of now, moomoo SG lets you invest in an array of asset classes and investment products.
Although you have abundant investment choices with moomoo SG, offered investment products may differ from market to market.
Here’s a list of varied asset classes provided by moomoo SG.
| Market | Investment Product |
| US |
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| Singapore |
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| Hong Kong |
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| China A-Shares |
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Moomoo also supports short selling, for those who are interested.
Fees, Charges, and Minimum Investment
Depending on the market you’re investing in, moomoo SG charges a different commission, platform, regulatory, corporate, trading, and service fees.
Moomoo SG introduces a relatively affordable and reasonable fee structure, which is impressive compared to its competitors across the market.
US Market Fees
If you sign up with our referral link, moomoo SG offers commission-free trades forever* for new investors* who choose to invest in the US market.
The platform fee is also made free for a year*. After a year, you’ll be charged US$0.99/trade.
When your account cash balance is negative, you’re charged an annual interest rate of 4.8% while investing in the US market.
Here’s the detailed fee structure for US stocks and ETFs —
| Fee Type | Fees |
| Commission Fee* | US$0 |
| Platform Fee* | $0 for the first year, US$0.99/Order thereafter |
| SEC Fee (sells only) | US$0.0000229 Transaction amount, min $0.01/Trade |
| Settlement Fee | US$0.003/Share, max 1% Transaction amount/Order |
| Trading Activity Fee (sells only) | US$0.00013/Share, min $0.01/Trade, max $6.49/Trade |
*Applicable to eligible clients of moomoo SG on US stock trading only, please refer to their T&Cs for more details.
If you’re trading US stock options, here are the trading fees charged by moomoo –
| Fee Type | Fees |
| Commission Fee | US$0.65/Contract, min US$1.99/Order |
| Platform Fee | US$0.30/Contract, min US$0.99/Order |
| Options Regulatory Fee | US$0.02915/Contract |
| SEC Fee (sells only) | US$0.0000229 Transaction amount, min US$0.01/Trade |
| Trading Activity Fee (sells only) | US$0.00218/Contract, min US$0.01/Trade |
| OCC Clearing Fee | US$0.02/Contract (0-2750 contracts),
US$55.00/Trade (>2750 contracts) |
| Exchange Fees | Different exchanges and transaction types charge differently. |
Singapore Market Fees
In the Singapore market, commissions are not free like in the US market, but the commission fee charged here is quite affordable.
You’re also charged an annual interest of 4.8% when your account cash balance is negative.
Here’s the in-depth fee structure charged by moomoo SG for investing in Singapore stocks, ETFs, and REITs —
| Fee Type | Fees |
| Commission Fee | 0.03% x Transaction amount, min S$0.99/Order |
| Platform Fee | 0.03% x Transaction amount, min S$0.99/Order |
| Trading Fee | 0.0075% x Transaction amount |
| Clearing Fee | 0.0325% x Transaction amount |
Fees for Singapore structured warrants —
| Fee Type | Total Fees |
| Commission Fee | 0.03% x Transaction amount, min S$0.99/Order |
| Platform Fee | 0.03% x Transaction amount, min S$1.50/Order |
| Trading Fee | 0.001% x Transaction amount |
| Clearing Fee | 0.004% x Transaction amount |
Fees for Singapore Daily Leverage Certificates (DLCs) —
| Fee Type | Total Fees |
| Commission Fee | 0.03%* |
| Platform Fee | 0.03% |
| Trading Fee | 0.001% |
| Clearing Fee | 0.004% |
*Note that the Commission fees for DLCs are charged and round up to the nearest 2 decimal places.
Hong Kong Market Fees
Compared to the 2 previously discussed markets, Hong Kong charges a higher annual interest rate of 6.8% if an account balance is negative.
Here’s the detailed fee structure for the Hong Kong markets —
| Fee Type | Total Fees |
| Commission Fee | 0.03% of the investment amount or HK$3 whichever is higher |
| Platform Fee | HK$15/Order |
| Trading Fee | 0.005% transaction amount, minimum HK$0.01 |
| Settlement Fee | 0.002% transaction amount, minimum HK$2, maximum HK$100 |
| SFC Transaction Levy | 0.0027% transaction amount, minimum HK$0.01 |
| FRC Transaction Levy | 0.00015% transaction amount |
| Stamp Duty | 0.13% transaction amount, rounded up to the nearest dollar. For instance, HK$2.01 will be rounded up to HK$3.00.
There is no charge for trading ETFs. |
| Trading Tariff | HK$0.50 per transaction |
Hong Kong Warrants & CBBCs Fees—
| Fee Type | Total Fees |
| Commission Fee | 0.03% of the investment amount or HK$3, (the higher one is applicable) |
| Platform Fee | HK$15/Order |
| Trading Fee | 0.005% Transaction amount, minimum HK$0.01 |
| Settlement Fee | 0.002% Transaction amount, minimum HK$2, maximum HK$100 |
| SFC Transaction Levy | 0.0027% Transaction amount, minimum HK$0.01 |
| FRC Transaction Levy | 0.00015% |
| Trading Tariff | HK$0.50 per transaction |
China A-Shares Fees
Here’s the commission fee for the China A-Shares market charged by moomoo SG:
| Fee Type | Total Fees |
| Commission Fee | The higher of 0.03% of the transaction amount or 3 CNH |
| Platform Fees | 15 CNH per order |
| Handling Fee | 0.00487% of the transaction amount |
| Securities management fee | 0.002% of the transaction amount |
| CSDC Transfer fee | 0.001% of the transaction amount |
| HKSCC Transfer fee | 0.002% of the transaction amount |
| Stamp Duty | 0.1% of the transaction amount (only charged on selling) |
| Portfolio fee | Held stock value of 0.008% per 365 days (calculated by day, charged by month) |
| Dividend tax | 10% of dividend and bonuses |
Minimum Investment
There are no minimum investment amounts if you decide to open an account with moomoo SG.
However, you’ll need to make a particular investment amount or certain promotional offers and rewards awarded by moomoo SG.
Sign-Up, Funding, and Withdrawal Options
Sign-Up
Signing up with moomoo Singapore is easy; simply click here to register and sign up with moomoo.
They will then prompt you to download and install the app available on iOS, Android, Windows, and Mac.
Whether you’re a Singaporean or a non-Singaporean citizen, you can conveniently sign-up with moomoo SG.
The only difference will come with specific information or documents you must provide during the process.
After your sign-up, the account opening process will take around 1-3 business days.
Once it’s done, you can start making trades with them.
Moomoo SG Funding Options
1. Bank Transfer
- You can only transfer your funds from your personal bank accounts. Fund transfers via third-party accounts, E-wallets, and cash transfers are not accepted.
- If your funds are transferred from a Singapore bank account, the transferring process will take around 1-3 business days. Otherwise, it will take approximately 3-5 business days.
- No deposit fees are charged by moomoo SG.
2. Direct Debit Authorisation (DDA)
- Moomoo supports DDA with the following banks: DBS/POSB Bank, OCBC, UOB, Standard Chartered, Maybank, HSBC, Bank of China, ICBC, and Citibank.
To use this, you need to connect your bank account to your moomoo SG universal account. This enables you to initiate a deposit on the moomoo app directly.
- With this method, your funds are transferred to your account typically within 15 minutes of the request if you initiate it during business hours, subject to bank processing time.
- This method is also free.
3. Wise (Formerly TransferWise)
- Wise is a preferable funding method if you don’t have a local bank account in Singapore. It is convenient for currency exchange and international money transfer.
- If you transfer your money via Wise, the transaction process will take approximately 1-3 business days.
Sign up with Wise here: Wise.com
Moomoo SG Withdrawal Options
- For withdrawals, moomoo supports currencies such as SGD, USD, and HKD.
- You are allowed to withdraw withdrawable cash or settled funds, which can be transferred from moomoo to your bank account.
- Transferring funds to third-party accounts is not supported.
- You will receive your funds depending on the bank’s processing time. My experience withdrawing from moomoo SG was pretty smooth, got it within an hour.
- Withdrawal at moomoo is free. However, you may get charged by your bank or any intermediary bank, if any.
Currency Exchange at moomoo SG
- There are no fees for currency exchange on moomoo.
- The exchangeable amount is automatically calculated by moomoo immediately after you initiate the exchange.
- Exchange requests submitted during business hours are likely to be completed in real-time. If you make currency exchanges during holidays and weekends, it will complete at the nearest exchange opening time.
Here are the maximum exchangeable amounts for different currencies —
| Currency | Exchangeable Amount/Day |
| SGD | 100,000 SGD/day |
| USD | 100,000 USD/day |
| HKD | 120,000 HKD/day |
Moomoo SG Promotional Offers & Rewards
From time to time since its launch in Singapore, moomoo SG has been announcing certain promotional offers and rewards.
Generally, you can expect the following with your first deposit of a minimum of SG$2,700 or more*:
- 1-year free platform fee for the US stock market*.
- Free access to real-time Level 2 Market Data for the US stock market and Level 1 Market Data for the SG stock market and China A-shares market.
- Cash Coupons.
- Free stocks valued between S$50-150
Moomoo SG frequently updates its promotions and welcome bonuses, so what you see online on other blogs might not be updated.
We update all the latest moomoo SG promos on our page here.
Is Moomoo SG Safe?
The moomoo App is a trading platform offered by moomoo Technologies Inc., a subsidiary of Futu Holdings Limited.
In Singapore, investment products available through the moomoo App are offered by Moomoo Financial Singapore Pte. Ltd.
(“moomoo SG”), a wholly-owned subsidiary of Futu Holdings Limited. Moomoo SG is a broker-dealer and custodian licensed by the Monetary Authority of Singapore, (Licence No. CMS101000).
Thus, considering all this, Moomoo SG is a trustable broker that is regulated by MAS.
Usability of moomoo SG’s Platforms
Moomoo SG nurtures an urge to help and support all new and experienced users on their platform.
Their self-developed intelligent stock-screener with 100+ data filter indicators and heat maps is really helpful for users in finding preferred investment opportunities.
Another crucial feature increasing the platform’s usability is its 24/7 real-time financial news highlights.
Other advanced tools and features offered by moomoo SG include similar charts for stock selection, free access to Level 2 data for the US stock market, extended trading hours covering an additional 9.5 hours, the advanced drawing tool, fund tracking, etc., which are really helpful.
Its usability is why it has made a significant name amongst the crowd, obtaining 18 million global users in a short time.
I’ll be frank; it can get overwhelming when you first use the app. However, you’ll get used to it after a while.
Also, if you ever need to look for something specific, moomoo has all the resources you need on their website!
Customer Support with moomoo SG
Moomoo SG provides excellent customer support.
Their experienced representatives are ever-ready to provide you with phone support, live chat, and email during trading days for 24 hours.
On public holidays and weekends, support is available between 09.30 am to 09.30 pm SGT.
Summing It Up
From its relatively lower fee structure to its promotional rewards, you can’t go without exploring the features and grabbing its attractive promo rewards*.
With moomoo SG, you’ve got an excellent support team ready to help you with any issues you face.
Their tutorials are designed to help all levels of investors, from beginners to experts.
This is an investment platform with a vast selection of asset classes such as futures, ADRs, funds, and REITs.
And those facts directed us to like moomoo, and we think you’ll enjoy using them too!
If you enjoyed this review, we’ve partnered with moomoo SG to provide attractive promotions and rewards*.
Use our referral link here: https://www.moomoo.com/sg/.
All views expressed in this article are the independent opinions of Dollar Bureau. Neither Moomoo Singapore nor its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.
