Moomoo Singapore
- Key Features
- Reviews (112)
- Discussions (0)
- More Details
4.3
112 reviews
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 (112)
4.3
112 Reviews
5
73
4
20
3
8
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 25d ago
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? - Posted 25 May 2022
Purchased
Moomoo Singapore
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 Singapore
[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 Singapore
[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?
Discussions (0)
No Posts Found.
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.