Review of MooMoo trading platform’s brokerage fees in Singapore

Hannes Ausmees

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 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.

multi-currency-cash-flow

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 typeMooMoo 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 feesFree

Singapore stocks, REITs and ETFs

Fee typeMooMoo costs
Commission0.03% * transaction amount, minimum $0.99
Platform fees0.03% * transaction amount, minimum $0.99
Trading fee0.0075% * transaction amount
Clearing fees0.0325% * transaction amount

Hong Kong stocks and ETFs

Fee typeMooMoo costs
Commission0.03% * investment amount, or 3 HKD, whichever is higher
Platform fees15 HKD/order
Trading fee0.005% * transaction amount, minimum 0.01 HKD
Settlement fee0.002% * transaction amount, minimum 2 HKD - maximum 100 HKD
SFC transaction levy0.0027% * transaction amount, minimum 0.01 HKD
FRC transaction levy0.00015% * transaction amount
Stamp duty0.13% * transaction amount. Rounded to the next highest dollar No stamp duty when trading EFTs
Trading tariff0.50 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 offeredMooMoo 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 typeMooMoo 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 feesVaries by exchange

Singapore structured warrants

Fee typeMooMoo costs
Commission0.03% * transaction amount, minimum $0.99
Platform fees0.03% * transaction amount, minimum $1.50
Trading fee0.001% * transaction amount
Clearing fees0.004% * transaction amount

Singapore daily leverage certificates

Fee typeMooMoo costs
Commission0.03% * transaction amount
Platform fees0.03% * transaction amount
Trading fee0.001% * transaction amount
Clearing fees0.004% * transaction amount

Hong Kong warrants and CBBCs

Fee typeMooMoo costs
Commission0.03% * investment amount, or 3 HKD, whichever is higher
Platform fees15 HKD/order
Trading fee0.005% * transaction amount, minimum 0.01 HKD
Settlement fee0.002% * transaction amount, minimum 2 HKD - maximum 100 HKD
SFC transaction levy0.027% * transaction amount, minimum 0.01 HKD
FRC transaction levy0.00015% * transaction amount
Trading tariff0.50 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 typeMooMoo costs
Subscription fee0
Redemption fee0
Platform fee0
Management feeVaries 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.


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.

Wise-card

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.

Get a free Wise account today!


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


Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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