Review of MooMoo trading platform’s brokerage fees in Singapore

Considering MooMoo trading as a way to manage and grow your investments? This guide is for you. We’ll cover all you need to know about MooMoo fees including MooMoo commission fees when you trade and how the MooMoo withdrawal fee works when you need to access your funds again.

We’ll also touch on a great way to save on deposit and withdrawal fees when trading internationally, with low cost international payments and currency conversion from Wise.

Table of contents
What is MooMoo MooMoo commission fees in Singapore Stocks and ETFs Futures Derivatives Funds Deposit and withdrawal fees

What is MooMoo and how is Futu related?

MooMoo is a one stop investment platform which offers a range of ways to invest in markets in Singapore, the US and Hong Kong. Investment options include:

• US stocks
• Hong Kong stocks
• Singapore stocks
• US stock options
• Futures
• ADRs
• Exchange Traded Fund (ETFs)
• REITs

MooMoo’s services are all offered online or via their app for convenience, making them accessible even for people just beginning to learn about investments. There’s a great range of tools for planning and managing your portfolio, with guides to help you get educated about how markets and investment vehicles work.

As with all investments, it’s important to fully understand MooMoos commission fees before you start trading - more on that coming right up. And don’t forget, the value of investments can go down as well as up - you’ll want to take professional advice when putting your capital at risk, to make sure your investment journey is a happy one.

MooMoo is a subsidiary of Futu Holdings, which is backed by Tencent. FUTU is NASDAQ listed, and MooMoo’s services in Singapore are provided by Futu Singapore Pte Ltd.

MooMoo commission fees in Singapore

Whenever you hold, buy or sell assets, you’re likely to pay fees. Fees vary depending on the type of asset you’re buying or selling, with some charges being levied by MooMoo and other parties involved in the transaction, and other costs being paid to the Singapore government, as well as authorities and regulatory bodies in the markets you’re trading in. It’s worth bearing in mind, for example, that Singapore’s 7% GST may apply on some transactions, in addition to MooMoo’s own costs.

Let’s run through the key MooMoo commission fees you need to know about - don’t forget to read the full terms and conditions carefully before you start investing to make sure you’re clear on all the details.

Stocks and ETFs²

The charging structure for stocks and ETFs varies depending on the market involved. We’ll break it down by region to show the differences.

For up to date information, visit MooMoo's pricing page.

US stocks and ETFs

Fee type	MooMoo costs
Commission	$0
Platform fees	$0 for first year $0.99/trade after that
SEC fees (sells only)	$0.0000051 * transaction amount, minimum $0.01/trade
Settlement fees	$0.003/share
Trading activity fees (TAF, sells only)	$0.00013/share - from $0.01 to $6.49/trade
ADR custodian fees	$0.01 - $0.05/share
L2 NYSE ArcaBook fees	Free

Singapore stocks, REITs and ETFs

Fee type	MooMoo costs
Commission	0.03% * transaction amount, minimum $0.99
Platform fees	0.03% * transaction amount, minimum $0.99
Trading fee	0.0075% * transaction amount
Clearing fees	0.0325% * transaction amount

Hong Kong stocks and ETFs

Fee type	MooMoo costs
Commission	0.03% * investment amount, or 3 HKD, whichever is higher
Platform fees	15 HKD/order
Trading fee	0.005% * transaction amount, minimum 0.01 HKD
Settlement fee	0.002% * transaction amount, minimum 2 HKD - maximum 100 HKD
SFC transaction levy	0.0027% * transaction amount, minimum 0.01 HKD
FRC transaction levy	0.00015% * transaction amount
Stamp duty	0.13% * transaction amount. Rounded to the next highest dollar No stamp duty when trading EFTs
Trading tariff	0.50 HKD/transaction

Futures³

MooMoo customers can invest in futures in a range of markets, with no commission on promotional products and free real time quotes once you open your account. Fees vary widely depending on the specific products you’re looking at - here are examples of the cost types and range you’ll find for different future categories.

For up to date information, visit MooMoo's pricing page.

Futures offered	MooMoo costs (USD)
Index futures	Commission: 0 - 4 USD Platform fees: 1 USD Exchange fees: 0.25 - 2.15 USD Regulatory fees: 0 - 0.175 USD
Treasury futures	Commission: 0.99 - 1.99 USD Platform fees: 1 USD Exchange fees: 0.3 - 1.25 USD Regulatory fees: 0.02 USD
Metal futures	Commission: 0.99 - 1.99 USD Platform fees: 1 USD Exchange fees: 0.5 - 1.55 USD Regulatory fees: 0.02 USD
Energy futures	Commission: 0.99 - 1.99 USD Platform fees: 1 USD Exchange fees: 0.5 - 1.5 USD Regulatory fees: 0.02 USD
Forex futures	Commission: 0.99 - 1.99 USD Platform fees: 1 USD Exchange fees: 0.16 - 1.6 USD Regulatory fees: 0.02 USD
Agriculture futures	Commission: 0.99 - 1.99 USD Platform fees: 1 USD Exchange fees: 1.03 - 2.03 USD Regulatory fees: 0.02 USD
Commodity futures	Commission: 1 USD Platform fees: 1 USD Exchange fees: 1.2 USD Regulatory fees: No fee
Crypto futures	Commission: 1.99 - 40 USD (BTC $40, ETH $20) Platform fees: 1 USD Exchange fees: 0.1 - 5 USD Regulatory fees: 0.02 USD

Derivatives⁴

With MooMoo you can access derivatives across the US, Singapore and Hong Kong markets, with a range of fees depending on the specific product you’re interested in - here’s what you need to know.

For up to date information, visit MooMoo's pricing page.

US options

Fee type	MooMoo costs
Commission	$0.65/contract, minimum $1.99/order
Platform fees	$0.30/contract, minimum $0.99/order
Options regulatory fees	$0.02915/contract
SEC fees (sells only)	$0.0000051 * transaction amount, minimum $0.01/trade
Trading activity fees (sells only)	$0.00218/contract, minimum $0.01/trade
OCC clearing fees	$0.02/contract (up to 2750 contracts) $55/trade (over 2750 contracts)
Exchange fees	Varies by exchange

Singapore structured warrants

Fee type	MooMoo costs
Commission	0.03% * transaction amount, minimum $0.99
Platform fees	0.03% * transaction amount, minimum $1.50
Trading fee	0.001% * transaction amount
Clearing fees	0.004% * transaction amount

Singapore daily leverage certificates

Fee type	MooMoo costs
Commission	0.03% * transaction amount
Platform fees	0.03% * transaction amount
Trading fee	0.001% * transaction amount
Clearing fees	0.004% * transaction amount

Hong Kong warrants and CBBCs

Fee type	MooMoo costs
Commission	0.03% * investment amount, or 3 HKD, whichever is higher
Platform fees	15 HKD/order
Trading fee	0.005% * transaction amount, minimum 0.01 HKD
Settlement fee	0.002% * transaction amount, minimum 2 HKD - maximum 100 HKD
SFC transaction levy	0.027% * transaction amount, minimum 0.01 HKD
FRC transaction levy	0.00015% * transaction amount
Trading tariff	0.50 HKD/transaction

Funds⁵

MooMoo offers investment opportunities in equity, hybrid, bond, and money market funds, with variable management fees based on the specific fund type. Management fees are deducted from the investment and not paid as a separate fee.

For up to date information, visit MooMoo's pricing page.

Fee type	MooMoo costs
Subscription fee	0
Redemption fee	0
Platform fee	0
Management fee	Varies by fund

MooMoo deposit and withdrawal fees

MooMoo doesn’t charge a deposit fee when you add funds to your account, or a withdrawal fee when you take your money out of your portfolio.

However, if you’re trading in foreign markets and need to convert your funds to a different currency, or send an international payment, you might run into a couple of different charges levied by your bank or other providers involved in processing the transaction.

Traditional banks typically process international transactions using the SWIFT payment network. It’s an established and reliable way to send money overseas, but it can often be slow and come with surprise costs. When you’re investing, cutting out unnecessary costs, and getting your money where it needs to be faster can make all the difference - which might mean that SWIFT payments aren’t your best choice.

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Instead of relying on your normal bank, if you need to send or convert funds for investing, check out low cost international payments and currency conversion from Wise. Open a Wise account online for free, to transact in 50+ currencies and get local bank account details in 10 currencies (including USD, SGD, GBP, and others).

For example, if you’re trading in the US stock market, with Wise you can withdraw your profits to your local USD account without any international transfer charges. Every time you need to switch from one currency to another, or convert foreign currencies to SGD, you’ll get the real exchange rate with no hidden fees or costs - which can save up to 6x compared to your bank.

Build a balanced investment portfolio by trading in foreign markets - and keep more of your money when you need to send or convert to foreign currencies, thanks to Wise.

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Sources:

1. MooMoo Singapore
2. MooMoo fees - stocks
3. MooMoo fees - futures
4. MooMoo fees - derivatives
5. MooMoo fees - funds

Sources checked on 13.05.2022