facebookAfter factoring in commission fees and exchange rates, is tiger or moomoo better? - Seedly

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Anonymous

01 May 2021

General Investing

After factoring in commission fees and exchange rates, is tiger or moomoo better?

I am using moomoo now and wondering if i should switch.

Discussion (5)

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Tan Choong Hwee

01 May 2021

Investor/Trader at Home

Not going to compare exchange rates because they fluctuate everyday. Kind of difficult to monitor whose rates is better, and whether it is consistently better.

Here is a summary of the broker charges for SG, HK and US stocks:

In summary, MooMoo is cheaper for SG and US stocks, whereas Tiger has the lower minimum charges.

Do take note that the above summary ignore the commission free promotion.​​​

thefrugalstudent

01 May 2021

Founder at thefrugalstudent.com

Hi Anon,

Commission fees are pretty similar for both brokers. Tiger is cheaper for SGX due to the 0 min fees promotion currently.

As for exchange rate, from what I've seen, Tiger has slightly better rates.

If you really want to, you can probably just stop investing on Moomoo and pump your fresh funds into Tiger instead of Moomoo, and leave your Moomoo assets to grow.

Hope this helps & all the best!

Regards,
thefrugalstudent

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