Published on 
October 27, 2023

Moomoo Charges & Pricing: A Comprehensive Moomoo’s Fees Review

Radek Jezbera
Table of Contents

1. Moomoo Singapore Review: Product Summary

2. Moomoo's Transaction Fees  

3. Pros & Cons of using Moomoo

4. How Do You Open and Fund a Moomoo SG Account?

5. Is Moomoo Safe?

6. Moomoo vs Kilde

7. Closing Thoughts  

In this article, we will review Moomoo, a versatile investment platform. Moomoo caters to both new and experienced investors. Whether you're just starting or seeking advanced tools, Moomoo's user-friendly interface accommodates a wide range of investors.We will explore its fee structure, safety measures, and provide a balanced analysis of its pros and cons. By the end, you will have a clear picture of Moomoo's offerings.

Click if you would like to get up to 13.5% return with alternative investments ↓

Moomoo Singapore Review: Product Summary

Before we dive into the specifics of Moomoo's fees, let us begin with an overview of the platform itself.

Moomoo is not just another run-of-the-mill investment app; it is a comprehensive brokerage platform that caters primarily to retail investors, which has garnered significant attention within the financial market. This makes it accessible to both Singaporeans and expats residing in Singapore, allowing them to benefit from Moomoo's low trading fees.

It empowers users to trade a diverse range of financial instruments, which include but are not limited to:

  • Stocks: 

You can invest in individual shares of well-known companies such as Apple Inc. (AAPL, +11.6% YTD), Inc. (AMZN, +49.5% YTD), or Alphabet Inc. (GOOGL, +59.1% YTD). These stocks represent ownership in these companies, and their returns depend on the performance of the underlying businesses and market conditions.

Moomoo's app stocks
Source: Moomoo's app.
  • ETFs (Exchange-Traded Funds):

Moomoo offers access to a broad range of ETFs that track various asset classes, sectors, and themes. For instance, you can invest in the SPDR S&P 500 ETF Trust (SPY, +9.1% YTD), which tracks the performance of the S&P 500 index, providing exposure to the largest U.S. companies.

Moomoo's app ETF
Source: Moomoo's app.

-> Read more about SPY in our review "SPY vs VOO: Are there any differences?".

-> Read more about "How to Select the Right ETF to Buy?".

  • Options:

When it comes to options trading, you can engage in strategies using options contracts on various stocks and ETFs. For example, you might trade options on the Invesco QQQ Trust (QQQ, +33.6% YTD), which tracks the Nasdaq-100 Index.

Moomoo's app Options
Source: Moomoo's app.

One of Moomoo's standout features is its intuitive and user-friendly interface. Designed with both novice and seasoned investors in mind, the platform prioritises ease of use. This makes it an appealing choice for those who are stepping into the exciting world of investing for the first time, as well as for experienced investors seeking a hassle-free trading experience.

In essence, Moomoo strives to break down barriers and make the world of finance more accessible to everyone. It is not just about providing a platform for trading – it is about empowering investors with the tools, resources, and opportunities they need.

Click if you would like to get up to 13.5% return with alternative investments ↓

Moomoo's Transaction Fees  

Moomoo's fee structure varies depending on the region and the type of trading. Here is a breakdown of Moomoo’s trading fees:

Fee Type Details
Moomoo’s Commission Fees US Stocks: 0% for eligible customers*, US$0.0049 per share otherwise.
Hong Kong Stocks: 0.03% of the investment amount or HK$3, whichever is higher​.
Singapore Stocks: 0.03% of the transaction amount, with a minimum of S$0.99​.

*Eligible customers include Singapore Citizens and non-Singapore citizens who reside in Singapore and have a valid proof of Singapore residential address dated within 3 months from the date of account opening application.
Moomoo’s Platform Fees US Stocks: 0% platform fee for the first year, and a fee of US$0.99 per order after.
Hong Kong Stocks: HK$15 per order.
Singapore Stocks: 0.03% of the transaction amount, with a minimum of S$0.99.
Moomoo’s Options Fees US Stocks: $0.65 per contract, minimum $1.99 per order.
Moomoo’s Custodian Fees US Stocks: $0.01 - $0.05 per share.
Total Minimum Fee per Trade Singapore Stocks: A minimum of S$2.49 per trade is charged when trading Singapore stocks, which includes both the commission fee and Moomoo’s platform fee.
Market Data US stocks: $0 for level 2 real-time NYSE quotes.
Singapore stocks: Free level 1 real-time quotes.
Hong Kong/China stocks: Free real-time quotes.

*Level 1 market data refers to basic info such as last traded price and current bid/ask prices.
Level 2 market data refers to order book data with information of specific orders placed by market participants at different price levels.
Miscellaneous SGX trading and clearing fee of 0.04%.


Pros & Cons of using Moomoo

Before making any investment decisions, it is essential to consider the advantages and disadvantages of using Moomoo as your preferred investment platform. Let us explore both sides of the coin.

✔️Pros ✖️Cons
✔️User-Friendly Interface:
Moomoo boasts a user-friendly platform that is particularly welcoming to beginners. The intuitive design and easy navigation make it accessible for those who may be new to investing. This is an excellent feature for novice investors looking for a hassle-free experience as they begin their investment journey.
✖️Fees and Charges:
While Moomoo offers a range of benefits, it is important to note that fees and charges may affect your overall investment returns. These fees can include Moomoo’s commission fees, trading fees, platform fees, and more. Careful consideration of these costs is necessary to assess their impact on your investment strategy.
✔️Diverse Range of Tradable Assets:
Moomoo offers a wide spectrum of tradable assets, including individual stocks and options. This diversity provides investors with ample choices to build a well-rounded investment portfolio tailored to their goals and risk tolerance.
✖️Limited Customer Support Options:
Customer support is a critical aspect of any investment platform, but Moomoo may have limited customer support options compared to some competitors. Investors who value extensive customer assistance may find this limitation a drawback.
✔️Real-Time Market Data and Research Tools:
Access to real-time market data and research tools can be invaluable for investors. Moomoo provides these resources, helping you stay informed about market trends, make data-driven decisions, and conduct thorough research before making
✖️Not Suitable for Robo-Advisory Services:
Moomoo primarily caters to self-directed investors who want full control over their investment decisions. If you are seeking robo-advisory services or automated portfolio management, this platform may not align with your preferences.
✔️Regulatory Compliance:
Moomoo's commitment to regulatory compliance adds a layer of safety and security for investors. Operating under the oversight of financial regulatory bodies ensures that the platform adheres to industry standards and safeguards the interests of its users.

How Do You Open and Fund a Moomoo SG Account?

Getting started with Moomoo is a straightforward process. Here are the steps to open and fund your Moomoo SG account:

1.       Sign Up:

Begin by visiting the Moomoo website or downloading the Moomoo app from either the Apple App Store or the Google Play Store. Follow the on-screen prompts to initiate the registration process. You will need to provide essential personal information during this step, including your name, contact details, and email address.

2.       Provide Documentation:

To ensure compliance with regulatory requirements, Moomoo will ask for the following documentation to verify your identity:

  • Identification Documents (Passport or National ID)
  • Proof of Address (Past utility bills, telecom bills, or bank statements)

3.       Fund Your Account:

Moomoo typically offers multiple deposit methods for your convenience. These includes:

  • Bank transfers
  • Credit card payments
  • Debit card payments
  • PayNow
  • Wise 

Choose the deposit method that suits you best and follow the instructions to transfer funds into your Moomoo account.

Be aware of any minimum deposit requirements or deposit fees that may apply.

4.       Begin Trading:

With your Moomoo account successfully funded, you are now ready to embark on your investment journey. Explore the diverse range of financial instruments available on the platform, which includes stocks, ETFs, options, and more. Execute your first trade and begin building your investment portfolio according to your goals and risk tolerance.

Is Moomoo Safe?

Is Moomoo legit? This is a common question asked by investors and Moomoo has taken steps to provide investors with a level of assurance. It operates as a licensed and regulated brokerage platform, which carries significant weight in the financial industry. What does this mean for you as an investor?   

Regulation: Moomoo operates under the authority and oversight of the relevant financial regulatory bodies. These regulatory bodies are responsible for enforcing rules and standards that govern the conduct of financial institutions. In Singapore, for instance, regulatory oversight falls under the purview of the Monetary Authority of Singapore (MAS).

Compliance: Being a licensed platform means that Moomoo is required to comply with industry standards and regulatory requirements set by these authorities. This includes adhering to strict guidelines on customer protection, financial transparency, and risk management.

These regulatory measures provide a crucial layer of protection for investors. They signify that Moomoo is committed to conducting its operations with integrity and in line with established norms. 

However, it is important to emphasise that while regulatory oversight provides a level of assurance, it does not absolve investors of their responsibility to conduct due diligence. Here are a few key points to keep in mind:

Diversification: Diversify your investments across different asset classes and platforms to reduce risk.

Research: Thoroughly research any investment you plan to make, and understand the associated risks.

Customer Reviews: Seek feedback from other users of the platform to gain insights into their experiences.

Stay Informed: Keep yourself informed about the financial markets and the instruments you are trading.

Moomoo vs Kilde

Enter Kilde – a pioneering platform that stands out in the realm of alternative investments. Kilde's unique approach of securitizing alternative assets into privately placed securities distinguishes it from other alternative investment platforms. With a commitment to excellence, licensing that underscores trustworthiness, and a diverse range of investment opportunities, Kilde opens doors to a world of potential.

Criteria Moomoo Kilde
Potential Profitability Offers a range of tradable assets including stocks and options, which can potentially yield moderate returns of between 3%-10% a year. Kilde is an investment platform tailored for individuals and institutions, providing access to private credit deals supported by cash-generating assets. Kilde offers up to 13.5% annual returns to our investors, surpassing similar risk investments yielding around 8%.
Risks While Moomoo provides access to various investment options, it carries moderate risks, including market volatility and the potential impact of fees on overall returns. offers senior secured loans to last-mile lending companies with strong capitalization, a healthy balance sheet, and a capable management team. These loans typically last 12 to 36 months, with investors receiving monthly coupons and early redemption rights. So far, Kilde has maintained a 0.0% default rate.
Kilde is licensed by the MAS.
Reliability Operates as a licensed and regulated brokerage platform, offering a high level of reliability and adherence to industry standards. High yield: Get up to 13.5% p.a. for products that yield 8% p.a. elsewhere.
Zero transaction cost: Save up to US$100,000 in investment structuring fees.
Deal flow access: US$100M+ carefully vetted and constructed senior secured private credit deals.
Investment-ready: Skip lengthy and labor-intensive investment due diligence.
Flexibility: Most deals have an option of early redemption at face value with no penalty.

In the realm of investment platforms, Kilde shines as a reliable and potentially profitable choice at medium levels of risk. This distinction makes it the preferable avenue for investors who prioritise the security and growth of their wealth.

Kilde's commitment to sustainable and ethical investing aligns with long-term growth strategies, offering the potential for higher returns while mitigating certain market risks. It is very reliable, coupled with a transparent and user-friendly platform, instil confidence in investors seeking a secure and responsible investment journey.

On the flip side, Moomoo offers a variety of investment options and operates as a regulated platform, which is reassuring for many investors. It is worth noting that, like any investment platform, Moomoo carries some moderate risks, including those associated with market volatility and fees. In this context, Kilde presents itself as a reliable option for investors who prioritise responsible and secure wealth growth in a potentially more stable environment.

Closing Thoughts  

With competitive fee structures and a user-friendly interface, Moomoo offers investors a platform that caters to both beginners and experienced traders. It opens doors to a diverse range of investment opportunities, from individual stocks to ETFs and options, providing a comprehensive toolkit for wealth building.

Moreover, Moomoo's commitment to regulatory compliance ensures a secure environment for your investments. While fees and charges may affect returns, the platform's cost-effective options can be appealing to many.

In essence, Moomoo is more than just an investment app; it represents a transformative approach to investing in Singapore. It empowers investors, both seasoned and new, with the tools and resources to navigate the financial markets effectively. 

As you consider your investment journey, remember that diversification is a powerful tool. While Moomoo offers its advantages, Kilde presents an intriguing opportunity to explore alternative avenues for wealth growth. 

As such, we invite you to discover Kilde and explore its unique offerings by clicking here. You may learn how it can complement your overall investment strategy and help you in achieving your financial goals.

*KILDE PTE LTD (“Kilde”) is incorporated in Singapore (registration no. 201929587K) is licenced and regulated by the Monetary Authority Singapore and holds a Capital Markets Services Licence (CMS101016) and an Exempted Financial Advisor License under the Financial Adviser Act. The information provided in this marketing material is intended for “accredited investors” and “institutional investors” (collectively “qualified persons”) only. This marketing material, and any information in this marketing material, or any documentation that Kilde provides in relation to this marketing material is provided without any representation or any kind of warranties whatsoever (whether express or implied by law).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

About the author

Radek Jezbera

Radek is the founder & co-CEO of KILDE, a regulated platform for alternative investments. KILDE is powering digital lending firms with debt capital to reach underbanked customers in South East Asia.


What types of assets can I trade on Moomoo?

Moomoo offers a versatile range of assets that you can trade, allowing you to diversify your investment portfolio to suit your financial goals and risk tolerance. These assets include stocks, ETFs, options, and other securities on Moomoo.

How does Moomoo ensure the safety of my investments?

Moomoo is regulated by reputable authorities and operates under strict security protocols to safeguard your investments.

How does Moomoo's transaction fee structure compare to other platforms?

Moomoo's charges are competitive and attractive to many investors, especially those seeking cost-effective trading options. Zero Commission Trades: Zero-commissions means you can buy and sell certain securities without incurring traditional commission fees, making it cost-effective for investors. Low Fees: Moomoo's fee structure for other trades, such as options and ETFs, is generally competitive when compared to many traditional brokerage platforms.

What are the key differences between Kilde and Moomoo as investment platforms in Singapore?

Moomoo is recognized for its user-friendly interface, diverse asset offerings, and competitive fees, making it an appealing choice for many investors. In contrast, Kilde offers the potential for higher profitability, presenting an alternative option for investors in Singapore. The choice between the two platforms depends on your specific investment objectives and preferences.

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