facebookMoomoo powered by Futu Reviews and Comparison - Seedly
Seedly logo
Seedly logo
 

Moomoo powered by Futu

  • Overview
  • Reviews (83)
  • Discussions (0)
  • More Details
Online Brokerages/Moomoo powered by Futu
Online Brokerages/Moomoo powered by Futu
Visit Site
claimed

Claimed

This product is managed by Futu.

USER RATINGS

Customer Support

4.2

User Experience

4.2

Moomoo powered by Futu

$1.50

MINIMUM FEE

0.03%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Moomoo powered by Futu

$1.50

MINIMUM FEE

0.03%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Details

Product Page Transparency

  • Claimed in March 2021
  • Pays to access additional features

Moomoo Trading Review 2021

Moomoo is a one-stop trading platform powered by Futu Holdings Limited that seeks to provide first-time investors and professional traders with an intuitive and powerful investing platform. FUTU SG is a subsidiary of Futu Holdings Limited that is listed on NASDAQ, backed by Tencent. Here are the key features of trading via moomoo:

  • Moomoo is known for its easy-to-use trading platform, with low fees and attractive sign up welcome offers.
  • Moomoo runs promotions for new users to join their platform by offering interesting joining gifts like free Apple (AAPL), or Twitter (TWTR) stocks. Check out their Free Stocks promotion tab for the most updated welcome promo
  • They provide access to Free Level 2 market data that displays real-time bids and asks.
  • Equipped with rich and in-depth customisable tools for advanced investors
  • Provide faster trading services through expanding trading channels
  • Users can customise their stock screener from thousands of criteria
  • The moomoo trading platform is available on desktop, macs, apple and google play.
  • Futu Singapore Pte. Ltd. (“FUTU SG”) is licensed by the Monetary Authority of Singapore as a broker-dealer, offers investment products via moomoo. FUTU SG is a subsidiary of Futu Holdings Limited that is listed on NASDAQ, backed by Tencent.

Features and Benefits of Moomoo/ FUTU SG

  • Competitive low commission charges - Commission-free stock trading in the US and HK markets and no custodian fees.
  • Rich and In-depth Tools to help you make better investment decisions - from charts and technical indicators to insights from third-parties, intuitive graphs and trends in capital flows.
  • Free real-time Level 2 market data - Moomoo displays the real-time bids and asks at a certain price for any stock and the trades being executed currently.
  • Fast trades through expanding trading channels and improved order processing capabilities.
  • Futu Holdings Limited is NASDAQ Listed and backed by Tencent.
  • Moomoo is a trading platform powered by Futu Holdings Limited and FUTU SG is a subsidiary of Futu Holdings Limited.
  • Singapore securities products and services in moomoo are offered by Futu Singapore Pte. Ltd; it is a capital markets services license holder regulated by the Monetary Authority of Singapore (MAS), (Licence No. CMS101000)
  • For US Securities, they are protected up to $500,000 by Securities Investor Protection Corporation (SIPC)
  • See our writer's full review on Moomoo here

How to open a FUTU SG securities account via moomoo?

  1. Install and Sign up with moomoo
  2. Choose Open Account
  3. Select if you are a Singapore citizen or permanent resident
  4. Verify your Email
  5. Complete the online application form
  6. Submit your application

What do you need to open a FUTU SG securities account via moomoo?

For Singapore Citizens or Permanent Residents, you need the following documents to open a FUTU SG securities account via moomoo:

  • Copy of your NRIC and proof of address (Not required for users who complete the application form using their SingPass details via MyInfo)
  • Your employment status
  • Your financial status
  • Your tax information

For Non-Singaporean citizens, you will need the following documents:

  • Your passport photo page and proof of address
  • Your employment status
  • Your financial status
  • Your tax information
  • Make a deposit with a Singapore bank account
Read More about Moomoo powered by Futu
Reviews (83)

4.1

83 Reviews

  • 5
    51
  • 4
    14
  • 3
    7
  • 2
    0
  • 1
    11

Read Review About...

    Most HelpfulMost RecentLow to HighHigh to Low
    pinned

    Pinned by Futu

      20 Apr 2021

      Purchased

      Moomoo powered by Futu

      Open the account for the free AAPL share. Loving the windows app UI and the android app. Extremely fast deposit! Will continue to use moomoo. Oh and their customer service responds within the day on Facebook.

      0

      Reply

      Posted 7d ago

      Purchased

      Moomoo powered by Futu

      Onboarding process via MyInfo was seamless. Competitive commissions rate. User friendly interface. Notifications useful in providing bite-sized financial news!

      0

      Reply

      21d ago

      Purchased

      Moomoo powered by Futu

      [Market Access] Easy access to investing in stocks in US and Singapore markets (these are the 2 markets that I explored in moomoo) [User Interface] I find moomoo's interface is easier to navigate compared to Tiger Brokers. It's pretty intuitive. [Features] The app even has bite-size course for investors. Pretty interesting and useful!

      0

      Reply

      21d ago

      Purchased

      Moomoo powered by Futu

      Been using this for a month. So far so good. Like the idea that they gamify investing to make it more interesting. Lots of freebies for you to explore in the app. It would be great if they could offer more markets in future and lower the fees.

      0

      Reply

      02 Jul 2021

      Purchased

      Moomoo powered by Futu

      [Commission Rates] [User Interface] Decided to try out the account for the free apple share and to look at the UI. Very much similar to Tiger in terms of fees. The UI is great too but i might be used to Tigers after awhile, hence may take some time to adjust to. [Customer Service] Fast replies and gave a straightforward solutions

      0

      Reply

    Discussions (0)
      Recent ActivityNewTrending

      No Post Found.

      Brokerage Fees and Charges for Moomoo

      The fees and charges of FUTU SG are as follows:

      For US Stocks and ETF

      Commission

      • Stocks: $0.0049 / Share, min $0.99 / Order
      • ADRS: $0.0049 / Share, min $0.99 / Order

      Platform Fees

      $0.005 / Share, min $1 / Order

      Regulatory Fees

      • Settlement Fee: $0.003 * Filled Shares
      • SEC Fee (Sells only): $0.0000051 * Transaction amount, min $0.01 / Order
      • Trading Activity Fee (TAF, Sells only): $0.000119 / Share, min $0.01 - max $5.95
      • ADR Custodian Fee: $0.01~0.05 / Share

      FUTU SG Trading Fees in USD

      All the transactions which have an effective settlement date of February 25, 2021 or later will have the SEC fee rate "$0.0000051 * transaction amount, min $0.01" applied.

      Hong Kong Stocks and ETFs

      Commission

      Stocks: 0.03% of the investment amount or HK$3 which ever is higher

      Platform Fees

      HK$15 per order

      Regulatory Fees

      • Hong Kong Exchange Trading Tariff: HK$0.50 per transaction
      • Hong Kong Exchange Settlement Fee: 0.002%*transaction amount, minimum HK$2, Maximum HK$100
      • Hong Kong Government Stamp Duty: 0.1%*transaction amount, minimum HK$1
      • Hong Kong Exchange Trading Fee: 0.005%*transaction amount, minimum HK$0.01
      • Hong Kong SFC Transaction Levy: 0.0027%*transaction amount, minimum HK$0.01

      FUTU SG Hong Kong Stocks and ETFs Trading Fees

      Note: Singapore government may levy Goods and Services Tax (GST) at a rate of 7% on the above fees.

      Still need some help?

      Read our writer's take on Moomoo vs Tiger vs IB

      Check out Seedly's Ultimate Online Brokerage Cheatsheet to get a second opinion!

      Contact Moomoo Futu Singapore

      • Address: 60 Robinson Rd, #25-07 SBF Centre, Singapore 068914
      • Email: [email protected]
      • Visit Moomoo's official website for more details on how to reach them

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.