Moomoo Singapore
- Key Features
- Reviews (114)
- Discussions (0)
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Claimed
This product is managed by moomoo Singapore.
Summary
moomoo Trading
moomoo is a one-stop trading platform powered by Moomoo Financial Singapore Pte. Ltd. that seeks to provide first-time investors and professional traders with an intuitive and powerful investing platform.
Product Page Transparency
- Claimed in March 2021
- Pays to access additional features
Brokerage Features & Details
1) Key Features
- Zero commission on US Sticks for eligible clients of moomoo Singapore
- Gain access to options analysis, 22 drawing tools, and P/L analysis to equip investors to make informed investment decisions
- Licensed and regulated by Monetary Authority of Singapore (MAS)
- 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
- 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
2) Commission Fees
- US Stocks & ETFs: S$0
- SG Stocks & ETFs: 0.03% of transaction amount, minimum S$0.99/order
- HK Stocks & ETFs: 0.03% of transaction amount or HK$3, whicheevr is higher
3) Other Fees
Platform fee
- US Stocks & ETFs: S$0 for first year, S$0.99/order thereafter
- SG Stocks & ETFs: 0.03% of transaction amount, minimum S$0.99/order
- HK Stocks & ETFs: HK$15/order
4) Account Opening
- Minimum age: 18 years old
- Account opening fee: S$0
- Payment methods: Paynow, FAST, Bank Transfer
- Minimum investment required: S$0
5) Products Offered
- Stocks
- Shares
- ETFs
- Bonds
- Mutual Funds
- Futures
- REITs
Ā *T&C apply. Applicable to Singapore citizens or residents on US stock trading only.
Moomoo Singapore
From $0
MINIMUM FEE
0.03%
TRADING FEES
Custodian
STOCK HOLDING TYPE
Moomoo Singapore
From $0
MINIMUM FEE
0.03%
TRADING FEES
Custodian
STOCK HOLDING TYPE
Reviews (114)
4.3
114 Reviews
5
74
4
20
3
9
2
0
1
11
Service Rating
Customer Support
4.3
User Experience
4.3
Pinned by moomoo Singapore
- Posted 26 May 2022
Purchased
Moomoo Singapore
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 appās CS (a real person) managed to explain to me almost immediately. Thumbs up!0
What are your thoughts? - Posted 3d ago
Purchased
Moomoo Singapore
Moomoo has really good sign up bonuses but their bonuses take very long to come in and especially if you were referred/a referrer. But generally it's quite a good platform to use as the platform is interactive (with the fishing joy games and other campaign quizzes) but the withdrawals take really long to cash out so that's a minus for me. Looking at other brokerages with faster withdrawal processes. [Customer Service] Good. I contacted them and they followed up on me promptly.0
What are your thoughts? - Posted 09 Nov 2022
Purchased
Moomoo Singapore
There are many offerings but not very sure how does it works as the info seemed tweak towards the benefits without knowing what other charges are involved.. Otherwise would love to transact with them.. Currently have a trade account with them and so far no issues with any charges..0
What are your thoughts? - Posted 08 Nov 2022
Purchased
Moomoo Singapore
Would definitely not use something like this as my main brokerage, but to keep a very small portion of investments it has some quite useful features and a decent UI.0
What are your thoughts? - Posted 11 Sep 2022
Purchased
Moomoo Singapore
I signed up with Moo Moo for their ongoing promotions and also to test out their Fullerton Cash Plus /cash funds. My idle cash did manage to earn higher interests than it did from my existing savings account. I also like Moo Mooās interface which is easy to navigate! Depositing, exchanging currency, setting up RSP are incredibly smooth-sailing. They also offer a huge variety of products from funds, stocks, cryptos and so on. Moo moo also actively contacted on WhatsApp and within the app chatās function to provide customer support, though I have yet to use it. They also actively engage users, with frequent rewards and challenges that actually pays out as promised. I found their frequent rewards/ coupons quite generous. Also, as a beginner investor, their platform offers bite sized investment lessons which are easy to understand. So far, I had a good experience with Moo Moo and am happy to continue with them!0
What are your thoughts? - Posted 25 Aug 2022
Purchased
Moomoo Singapore
Excellent customer service support, good UI and gamification that encouraged me to continue trading with them.0
What are your thoughts? - Posted 21 Jun 2022
Purchased
Moomoo Singapore
[Customer Service] Good brokerage in general, responsive. User friendly interface, great welcome gift. Able to trade option.0
What are your thoughts? - Posted 15 Jun 2022
Purchased
Moomoo Singapore
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 Singapore
[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 Iām the one whoās 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 Mooās merchandise ;)0
What are your thoughts? - Posted 25 May 2022
Purchased
Moomoo Singapore
- Great customer service - Intuitive user interface - Wide range of products offered A happy customer, overall. ššš» Keep it up Moomoo! š§”š®š§”0
What are your thoughts?
Discussions (0)
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Features and Benefits of moomoo SG
- Competitive low commission charges - ZeroĀ CommissionĀ onĀ USĀ 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.Ā
- Fast trades through expanding trading channels and improved order processing capabilities.
- moomoo is a trading platform powered by Moomoo Financial Singapore Pte. Ltd
- 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'sĀ full review of moomoo here
How to open a moomoo account?
- 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 moomoo account?
For Singapore Citizens or Permanent Residents, you need the following documents to open a moomoo account:
- Copy of your NRICĀ andĀ proof of addressĀ (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:
- YourĀ passport photo pageĀ andĀ proof of address
- Your employment status
- Your financial status
- Your tax information
- Make a deposit with aĀ Singapore bank account
Brokerage Fees and Charges for moomoo
The fees and charges of moomoo 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$15Ā 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 Moomoo Singapore
- Address: 1 Raffles Quay, North Tower #39-02ā
- 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.