Moomoo powered by Futu
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This product is managed by Futu.
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- Claimed in March 2021
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moomoo Trading Review 2022
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 such as lifetime commission-free for US stocks* and attractive sign-up welcome offers*
- moomoo runs promotions for new users to join their platform by offering interesting joining gifts like free Tesla (TSLA), Apple (AAPL), or Roblox(RBLX) 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.
*T&C apply. Applicable to Singapore citizens or residents on US stock trading only.
Moomoo powered by Futu
From $0
MINIMUM FEE
0.03%
TRADING FEES
Custodian
STOCK HOLDING TYPE
Moomoo powered by Futu
From $0
MINIMUM FEE
0.03%
TRADING FEES
Custodian
STOCK HOLDING TYPE
4.3
110 Reviews
Service Rating
Customer Support
User Experience
Pinned by Futu
- As an average trader, the 0commission fees definitely made it sweeter and now with a 1% cap on their settlement fees too. They are definitely the most affordable and user-friendly trading platform I have used! Extended trading hours makes it even better. One of the functions I like on moomoo is the ability to see my assets overview which includes things like cash, stocks and funds.. Their customer service is also very commendable too. There was once I had a question for one of the in-app tools and the app’s CS (a real person) managed to explain to me almost immediately. Thumbs up!
0
What are your thoughts? - Posted 15d ago
Purchased
Moomoo powered by Futu
[Customer Service] Good brokerage in general, responsive. User friendly interface, great welcome gift. Able to trade option.0
What are your thoughts? - Posted 22d ago
Purchased
Moomoo powered by Futu
High-tech, user-friendly and overall, a sophisticated and intelligent app. I love the community features and all the discussions I have online. I use it to engage my own community on there and kickstart finance/tech topics. Top customer service. 100% recommended !0
What are your thoughts? - Posted 26 May 2022
Purchased
Moomoo powered by Futu
[Customer Service] Great security! I once draw out a big amount of USD, MooMoo actually put this withdrawal on hold and a customer service actually reach out to me to verify that I’m the one who’s drawing the amount out instead of a scam/hack. Amazing work from the moomoo team. [User Interface] Is quite easy to use overall as a beginner user. I mainly trade US market, just make sure you convert your SGD into USD and you can start trading using USD! Just hoping that the exchange rate can be even better! [Market Access] SG / US / HK - got all the big markets covered. If only they have Irish Domiciled US stocks that will be perfect!! [Others] MooMoo rewards! Got my umbrella and plushies through exchanging my daily points with Moo’s merchandise ;)0
What are your thoughts? - Posted 25 May 2022
Purchased
Moomoo powered by Futu
- Great customer service - Intuitive user interface - Wide range of products offered A happy customer, overall. 😊👍🏻 Keep it up Moomoo! 🧡🐮🧡0
What are your thoughts? - Posted 25 May 2022
Purchased
Moomoo powered by Futu
Just got started investing and as a beginner investor using moomoo, I found the courses very helpful for me. I am also very impressed by their in-app customer service, replies are prompt and helpful. My husband and I usually trade US stocks so their zero commission promo is fantastic !0
What are your thoughts? - Posted 24 May 2022
Purchased
Moomoo powered by Futu
[Commission Rates] Love the low fees offered by Futu SG! $0 commission for US stocks and ETFs is definitely a plus! [User Interface] Great experience with the app. The user interface is really simple and intuitive! [Features] Having all the news and information about a particular stock in one place really helps. Lots of learning materials in the app to brush up my knowledge on trading/ investing!0
What are your thoughts? - Posted 24 May 2022
Purchased
Moomoo powered by Futu
[Commission Rates] Lifetime free commission for US stocks and ETFs. Can get free commission now for SG & HK stocks when you refer friends to moomoo. [Market Access] Free market data for US, SG, HK markets. [Products Offered] Can trade US, SG, HK stocks, ETFs, REITs, options, futures and more.0
What are your thoughts? - Posted 24 May 2022
Purchased
Moomoo powered by Futu
[Products Offered] great product and service offered by moomoo!! [User Interface] Nice user interface, very user friendly, will recommend to my friends！0
What are your thoughts? - Posted 24 May 2022
Purchased
Moomoo powered by Futu
One-stop shop for my trading needs. Easy-to-use interface and great community to learn all about investment!0
What are your thoughts?
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Features and Benefits of moomoo/ FUTU SG
- Competitive low commission charges - Zero Commission on US Stocks forever 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 US$500,000 by Securities Investor Protection Corporation (SIPC)
- See our writer's full review of moomoo here
How to open a FUTU SG securities account via moomoo?
- Install and Sign up with moomoo
- Choose Open Account
- Select if you are a Singapore citizen or permanent resident
- Verify your Email
- Complete the online application form
- 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 for moomoo
The fees and charges of FUTU SG are as follows:
For US Stocks and ETF
Commission |
|
|---|---|
Platform Fees | $0.005 / Share, min $1 / Order |
Regulatory Fees |
|
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 whichever is higher |
|---|---|
Platform Fees | HK$15 per order |
Regulatory Fees |
|
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 Futu Singapore
- Address: 1 Raffles Quay, North Tower #39-02
- 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.