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Moomoo powered by Futu

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  • Reviews (70)
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Online Brokerages/Moomoo powered by Futu
Online Brokerages/Moomoo powered by Futu
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claimed

Claimed

This product is managed by Futu.

USER RATINGS

Customer Support

2.7

User Experience

3.0

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 Online Brokerage 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 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. Here are the key features of trading via moomoo:

  • Provide free access to 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.
Read More about Moomoo powered by Futu
Reviews (70)

2.8

70 Reviews

  • 5
    29
  • 4
    2
  • 3
    2
  • 2
    0
  • 1
    37

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    Most HelpfulMost RecentLow to HighHigh to Low
    pinned

    Pinned by Futu

      Updated on 12 Mar 2021

      Purchased

      Moomoo powered by Futu

      I have actively used the platform for a week and I am a very happy customer. Whether it's convenience, market access, user interface, features and most importantly, trade commissions, it's miles ahead compared to traditional brokerages. So happy and satisfied that I have even written a comprehensive review of it on my blog and as a Seedly Opinion.

      2

      Apple

      15h ago

      How much they pay you to write? is there any link to read ? did you guys cover by the backing by who? why the customer service is forever a robot reply? sorry I am very new, just hope someone a genius like you mind share with us, because base on the service they perform by answering us or even explain why the live results has a difference then other live trading that we saw? if dont mind can share?

      Kenny Cheah

      14h ago

      Wow Apple, I have even horrible experience, that day was at the submit which held by Seedly, so I wondering ah, what has moomoo gonna offer and have some question, then I go to their so call virtual booth, guess what, no one reply and is auto robot, till seedly cso come to me and help me link, and I send, I wait and they reply me like one hour later and tell me~ sorry the person in charge are not around ask me to contact them on monday, ask me for my details which I already type the button to click, tell me how horrible service is this? If I place my money in, what will happen next? yucks!

      Post

      Updated 22h ago

      Purchased

      Moomoo powered by Futu

      Like Moomoo brokerage, Good to open account during this promotion period . Just need to complete your registration and redeem your 1 Free AAPL share when you open your FUTU SG securities account. All you need to do is complete your initial deposit of either SGD 2,700, USD 2,000 or HKD 16,000 before 30th Apr 2021 (1500hrs SGT) and the 1 Free AAPL share is yours! There is no need to additionally complete 3 trades to redeem this!

      1

      Bobby Yeo

      16h ago

      But their service super slow as in reply question, if not ask you to read. no thanks man, I ever saw the free broker fee etc, but end up, errr there is a platform fee and it is about 50% of the entire trading fee, no one notice that?

      Post

      Updated 2d ago

      Purchased

      Moomoo powered by Futu

      tsk, cant reach the live support, have question about the company backing. [Commission Rates] the zero commission also seems dont tally with the actual facts as there is a platform fee and it is about 50% of the entire trading fee, no one notice that? [Products Offered] also there is only a bank transfer there is no card transfer, as a results there is a huge transaction fee, fishy!

      3

      1 more comments

      Bobby Yeo

      16h ago

      Ok brian, i had send you ~ you guys really working very hard to make this community safe and fair. like the way you guys work!

      Brian Chong

      Brian Chong

      4h ago

      Hi Bobby, Thanks for providing your verification. We will leave your review as it is and thanks again for leaving a review to help others make better financial decisions.

      Post

      Updated 2d ago

      Purchased

      Moomoo powered by Futu

      [Customer Service] huge problem and very serious bad and slow or no respond [Commission Rates] what I found out are the margin Rate are high, I though It says was Zero commission, on the advertising however there is platform fee and it is 50% of the entire trading fee, why is that happening? [Products Offered] it is wide but it seems the numbers are not tally with the majority market, it is diff by 0.01 to 0.02

      2

      Brian Chong

      Brian Chong

      1d ago

      Hi there, I am Brian from the Seedly Operations team, thank you for leaving a review on Seedly to help our users make smarter financial decisions! However, your review has been flagged as Spam. We would appreciate if you can provide us with the necessary information to validate yourself as a current/past customer of Moomoo. E.g. screenshots of Invoice, etc. Kindly do so by sending an email to [email protected] Additionally, please note that we will regretfully have to remove your review if you are unable to provide us with sufficient evidence to prove that you have used the above product within 3 working days.

      Brian Chong

      Brian Chong

      4h ago

      Hi Fish Leong, Thanks for providing your verification. We will leave your review as it is and thanks again for leaving a review to help others make better financial decisions.

      Post

      Updated 2d ago

      Purchased

      Moomoo powered by Futu

      During promotion period, gotten my apple share within 4 working days, free $30 cash coupon within 3 working days. App (on ipad and android devices) is rather stable. Depositing, currency exchange was easy, quick (enough, small handful were less instant). Gotten customer service response at 1am with little wait time, although some answers responded wasn’t on point.

      1

      Bobby Yeo

      16h ago

      Me too, it is like talking to a robot or ai, sometime really wonder do they even border or serious to reply, some more we havent create account, just imagine if you place the money inside such platform later kenal anything happen, take years to reply us then 'gan kor' (diffcult in hokkian) haha

      Post

    Questions (0)
      Recent ActivityUnansweredTrending

      No Question Found.

      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.
        Futu Singapore Pte. Ltd. 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)

      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

      Brokerage Fees and Charges of FUTU SG

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

      Contact Futu Singapore Pte. Ltd.

      • Address: 60 Robinson Rd, #25-07 SBF Centre, Singapore 068914

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