![]() Traders can lose more than their initial deposit, so consider if this is right for you before trading. The annual margin rate (i.e interest on borrowed funds) is also fairly high, at a flat rate of 6.8%. However, if your net assets are less than $2,500, this option may not be available. Margin trading is available on US stocks up to a maximum of 1:2. Vs competitors such as WeBull, Interactive Brokers and eToro, the fee structure is easy to understand. A full fee schedule is available on the broker’s website.Ĭrucially, there are no account opening fees, maintenance charges, or inactivity fees, meaning traders can calculate profits on a per-trade basis. There is also a 15 HKD/15 CNH per order platform fee and various regulatory charges including stamp duty, trading tariffs, and exchange settlement fees. These are charged at 0.03% or 3 HKD/3 CNH (whichever is higher). Other charges include trading activity fees ($0.002 per contract, min $0.01 per order), an options regulatory fee ($0.0378 per contract) and OCC fees ($0.02 per contract (0-2750 contracts) or $55.00 per trade (>2750 contracts).įor Hong Kong stocks and China A-shares, there are commission fees. This is not broker-specific and the rate is negligible (0.0000051 x transaction amount at the time of writing). However, regulatory charges are applicable, for example, the US Securities and Exchange Commission (SEC) charges a small fee for stock sell orders. With Moomoo, stocks, ETFs, and options trading are commission-free for US residents. Clients can then enter the relevant futures contract code to place a trade. Users simply need to select a futures account when they register for a new profile and make a cash transfer. Head to the ‘additional features’ section below for more details.įutures trading is also available via Moomoo Financial Singapore. Users can speculate on the some of the biggest global brands using a suite of analysis tools. US – Stocks, options, ETFs, ADRs, OTC, US IPOs via the NASDAQ, NYSE and Chicago Mercantile Exchange.Hong Kong – Stocks and ETFs via the Hong Kong Exchange.China – A-shares via the Hong Kong Exchange.Stocks from the following markets are available: Moomoo offers clients investing and trading opportunities in over 5000 shares and ETFs. Visit the Moomoo website for a downloadable platform guide. Several order types, including limit, market, stop, stop limit, trail limit.Ticket or asset search function with auto suggestion. ![]() Clients can download the platform to desktop devices and it’s compatible with Windows and Mac. Moomoo offers a proprietary trading platform that is suitable for both new and experienced traders. Moomoo’s parent company, Futu, is backed by notable investors, including Tencent, Matrix, and Sequoia. Moomoo is also a member of the SIPC, which protects customer funds up to $500,000. In Singapore, the service is regulated by the Monetary Authority of Singapore (MAS). Primarily aimed at US and Chinese investors, Moomoo is regulated and authorized by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Extended trading hours and welcome bonuses have also made the firm popular with aspiring traders. The broker’s mission is to provide users with an intuitive and powerful investment platform backed by innovative technology. Moomoo Inc is a subsidiary of Futu Holdings Ltd and was established in March 2018. Find out if our experts recommend trading with Moomoo. This 2023 Moomoo review will cover customer service options, how to open an account, fees, trading quotes, bonuses, minimum deposits, app downloads, and more. It provides a fully digital brokerage service and wealth management platform alongside a top-class user experience and sign-up promotions. Moomoo is an online broker specializing in US and Hong Kong stock trading. Moomoo Vs Futu, What Is The Difference?.Can I Open A Moomoo Trading Account In The UK?.Does Moomoo Charge Trading Commissions?.
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