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Anonymous

23 Dec 2021

General Investing

Moomoo vs syfe

Is moomoo cheaper than syfe?

For a lump sum investing: moomoo is cheaper

For DCA: syfe is cheaper

is that right?

Discussion (1)

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thefrugalstudent

23 Dec 2021

Founder at thefrugalstudent.com

For lump-sum investing, Moomoo is likely always cheaper than Syfe in the long run.

For DCA, Syfe is not necessarily cheaper than Moomoo.

The reason it's not so straightforward is that Syfe charges a %-based management fee instead of any upfront commission fees. As your AUM with Syfe increases, so does the management fee. This may cause DCA with Syfe to eventually become more expensive than Moomoo even though they don't charge commission fees per each trade.

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