Moomoo Singapore Review: $0 Commission, Low Fees? Best Trading App for US, HK and SG
Last Updated on 2 months ago by Antony C.
Moomoo SG is the cheapest online trading platform for Singapore, United States and Hong Kong/China stock market. Suitable for both beginners and experienced investors.
Moomoo Singapore Review
Summary
Moomoo Singapore is an online trading App that let you trade any stocks listed on the Singapore, United States, Hong Kong and China stock market with low fees, and designed for ease-of-use for both new investors who just started investing and professional experienced traders who leverage on advanced trading tools for their daily trades.
Pros of Moomoo
- $0 initial deposit fee.
- $0 commission for US market.
- Lowest commission for Singapore and Hong Kong/China market.
- Free-level 2 real-time quotes.
- Comprehensive advance charting and research tools.
- Access to Margin trading and Paper Trading Account.
- Grow uninvested cash with Moomoo Cash plus Account.
- Engage with investing community and latest news.
Cons of Moomoo
- Limited market access (No access to London and Japan stock exchange)
- Lack of in-person customer support.
- Less stable than brokerage operated by local banks.
Moomoo Singapore is an online trading App that let you trade any stocks listed on the Singapore, United States, Hong Kong and China stock market with low fees, and designed for ease-of-use for both new investors who just started investing and professional experienced traders who leverage on advanced trading tools for their daily trades.
When trading SGX listed stock you also have the option to link to your CDP account or keep it in your custodian account.
Compare Moomoo to Similar Brokers
☆ 4.6 / 5.0
Min Commission Fees: $0*
Access to SG, HK, CN & U.S. Stocks and ETFs
Account Minimum: $0
Promotion
Free Shares + Perks + AI Tools
☆ 4.4 / 5.0
Min Commission Fees: 0.025%*
Access to SG, HK & U.S. Stocks and ETFs
Account Minimum: $0
Promotion
Free Shares + Perks
What is Moomoo SG?
Moomoo Financial Singapore Pte. Ltd. (Moomoo SG) a wholly-owned subsidiary of NASDAQ-Listed FUTU Holdings Limited.
Regulated by Monetary Authority of Singapore (MAS), Moomoo SG hold the Capital Markets Services Licence (Licence No. CMS101000) with the Exempt Financial Adviser Status.
Moomoo is the first global digital brokerage that is SGX Group member and have obtained full membership across securities and derivatives markets.
- First to offer $0 platform fee, and lifetime $0 commission for all US stocks.
- Access to the Singapore, United States and Hong Kong/China stock market.
- Low fee online trading App with advance trading tools.
Moomoo’s platform is designed to be intuitive and easy to use even for absolute beginner.
With no minimum initial deposit, free advance market data and real-time quote, Moomoo is one of the most popular trading App for both new and experienced investors.
Minimum investment: $0
Stock/ETF Commission Fees: $0 for US, 0.03% for SG, HK
Options Fees: $0.65 Per Contract
Markets: United States, Hong Kong, China, Singapore
Suitable For: Beginner and Experience investors looking to invest in both locally and internationally.
List Of Exchanges You Can Invest With Moomoo Singapore
Moomoo SG provides access to various major stock exchange allowing you to invest in both locally and international.
Singapore Stock Exchange (SGX)
United States Stock Exchange
- New York Stock Exchange (NYSE)
- NASDAQ Stock Market (NASDAQ)
Hong Kong Stock Exchange (HKEX)
China Stock Exchange
- H-Share through HKEX
Cryptocurrency
- Only Bitcoin (BTC), Dogecoin (DOGE) and Ethereum (ETH)
Trading Products on Moomoo Singapore
Moomoo offers a wide range of trading products to for investors and traders adopting different investment strategies and preferences. Regardless if you are a value investor, growth investor, dividend investor or day-trader, Moomoo trading platform offers all the key trading products on the Moomoo App.
- Stocks: Trade stocks listed on local SG stock exchange or international US, HK and CN exchanges.
- Options: Options trading to leverage market movements in the major stock market.
- Exchange-Traded Funds (ETFs): Invest in a diverse ETFs to gain exposure to specific sectors, regions, or market indices.
- Funds: Diversify your portfolio by investing in professionally managed funds.
- Bonds: Explore fixed-income investments with a selection of bonds from different issuers.
Moomoo Singapore Commission and Platform Fees
Moomoo trading platform offers low fees solution to buy and sell stocks online. Let’s take a closer look at the commission fees associated with trading on Moomoo SG.
| Market | Moomoo Brokerage Fee | Min. Commission | Platform Fee | Custodian Fees | Industrial Avg. Commission Fee (%) | Industrial Avg. Min. Commission |
|---|---|---|---|---|---|---|
| Singapore (SGX) | 0.03% Trade Value | SGD $0.99 | 0.03% Trade Value (Min. SGD $0.99) | No custodian fees | 0.22% | SGD 25 |
| United States (NYSE and NASDAQ) | $0 for Lifetime | USD $0 | USD $0 (USD$0.99 thereafter) | USD $0.01 to $0.05 Per Share | 0.30% | USD 15 |
| Hong Kong (HKEX) | 0.03% Trade Value | HKD $3 | HKD $15 | No custodian fees | 0.25% | HKD 100 |
| China H-Share (HKEX) | 0.03% Trade Value | HKD $3 | HKD $15 | No custodian fees | 0.25% | HKD 100 |
| China A-Share (SZSE & SSE) | 0.03% Trade Value | CNH ¥3 | CNH ¥15 | No custodian fees | 0.25% | CNH 100 |
Note: Data are consolidated, checked for accuracy and ensure outmost reliability by the Author through hours of research into each of the brokerage platforms, the author aims to provide the most accurate data by following strictly according to our editorial guidelines but always do your own due diligence before investing. Fees are subjected to change by the brokerage provider, do check with the brokers for the latest updates on the fees.
Moomoo SG Trading Platform
The Moomoo trading platform is accessible via both on desktop and on mobile, providing you with the flexibility to trade from your preferred device anytime anywhere.
Desktop trading platform:
- Window: Moomoo for Windows
- Mac: Moomoo for Mac
Mobile trading App:
- Apple App Store: iOS Moomoo mobile App
- Google Play Store: Android Moomoo Mobile App
The platform’s interface is clean, intuitive, and easy to navigate, making it suitable for traders of all experience levels.
- Comprehensive research tools and customizable charts
- Advance charting tools for Technical analysis.
- In-depth company financial information for Fundamental analysis.
- Real-time market data.
- Real-time market news and earning announcement.
- Online and phone live support.
Types of Accounts on Moomoo Singapore
Moomoo SG offers different account types to cater to investors with varying experience levels, risk tolerance level, and investing goals.
| Investor and Trader Level | Account | Risk Tolerance | Who is it for? |
|---|---|---|---|
| Beginner | Moomoo Paper Trading Account | No Risk | Beginners and new investors looking to practice trading strategies and gain familiarity with the platform using virtual funds. |
| Intermediate | Cash Funding Account | Medium Risk | Standard trading account that allows investors to trade with their own capital and grow their investment. |
| Advanced | Margin Financing Account | High Risk | Designed for experienced traders who wish to utilize leverage for their investments. |
| Saving (Cash Management Account) | Moomoo Cash Plus Account | Low Risk | Offers a convenient way to manage cash balances and earn interest on uninvested funds. |
How To Open a Moomoo Account?
Opening a Moomoo SG account is straightforward, here are the steps you’ll need to take:
- Download the Moomoo SG App using this link.
- Open Moomoo App to register.
- Sign-up phone number or email.
- Click “Open Account”.
- Setup through SingPass or enter your information.
- Top up your account and start investing.
The platform prioritizes user experience, opening an account on Moomoo especially for Singaporeans and Singapore PR takes less than 5 minutes.
- Claim up to S$1,200* worth of Free Stocks + Trading Option Gifts + Exclusive Bonus.
- Earn a return on idle cash with Moomoo Cash Plus
- Low commission fee for SG & HK stocks, ETFs & options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
My Experience Using Moomoo SG to Buy and Sell Stocks
Personally, I uses Moomoo SG to do my own trading.
As a user of Moomoo SG App myself, I truly think that Moomoo have one of the most intuitive and easy-to-use platform for a lazy investor like me.
I must say that my experience with the platform has been amazing. The user-friendly interface and wide range of features have made my trading journey much easier. Here are some highlights from my own experience of using Moomoo SG:
- Ease of Use: I like simple stuff, and Moomoo offers clean and intuitive design, making it easy for me to navigate through the various stocks, company news and find the information I needed without much hustle.
- Research Tools: Since I love to do fundamental analysis and some technical analysis, research tools such as financial data company news and charts is a must for a trading platform. From real-time news updates to in-depth market analysis, I have always had access to the information necessary to make sound investing decision.
- Amazing Customer Support: The downside for most online brokerage is the lack of in-person customer service. But for Moomoo, they surprisingly have very good customer service. Live phone inquiry, live online inquiry and 24/7 help center, their responsiveness and willingness to assist have been commendable.
- Seamless Mobile Trading: The Moomoo mobile App is just amazing. It have been my go-to tool to monitor my portfolio, buy and sell trades, screen for stocks and access real-time market data on the go. The Moomoo App’s user-friendly interface and smooth performance make trading from my mobile device easy.
- Lowest Commission Fees: Moomoo offers commission-free stock trades for US market, and one of the lowest commission if you are trading Singapore, Hong Kong, and China stocks. The low commission fees is the biggest advantage of using Moomoo over other traditional trading platforms which are known to have very high fees.
My experience using Moomoo SG has been simply amazing (how many times have I said the word “amazing”?). The platform’s user-friendly interface, research tools, responsive customer support, and mobile trading capabilities have made it my go-to choice for online trading in Singapore, US and HK.
BEST FOR: Beginner Retail Investors and Professional Traders Looking For All-In-One Trading App to Invest in SG, US, HK and China.
securely through Moomoo’s website
Is Moomoo Trustworthy? Is Moomoo Legal in Singapore?
Yes, Moomoo is a safe, reputable, registered, licensed brokers in Singapore. In fact, Moomoo is the first online brokers that is also a SGX group member.
- Regulation: Moomoo Financial Singapore Pte. Ltd. is licensed and regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services (CMS) license.
- Investor Protection: Moomoo adheres to investor protection measures mandated by the MAS, including segregated client accounts, robust risk management systems, and regular financial audits, safeguarding investors’ assets.
- Simple Fee Structure: Moomoo maintains simple fee structure with no hidden fees fostering trust among users.
- Positive Reputation: Moomoo and its parent company, Futu Holdings Ltd., have over 20 million users registered on the platform. Growing user base and positive reviews attest to its reliability and credibility.
Moomoo trading platform is regulated by MAS of Singapore, offering investors a secure and regulated trading environment.
Should You Try Moomoo?
Moomoo offers the best low fees online brokerage platform that is designed for both new and experienced investors.
With it’s user-friendly interface, advanced trading tools, wide range of trading products, low commission fees, and features like Moomoo Paper Trading, Moomoo Cash Plus and social community, Moomoo SG is one of the best trading platform in Singapore for investors to trade with confidence.
Regulated by the Monetary Authority (MAS) of Singapore and backed by a reputable parent company, Moomoo SG offers a secure and trustworthy trading environment.
I personally use Moomoo for my own trading, and if you are still trying to find a good trading platform to start investing, Moomoo can be a good option.
However, choosing the right trading platform is a personal choice, thus you should make your own decision if this is right for you.
- Claim up to S$1,200* worth of Free Stocks + Trading Option Gifts + Exclusive Bonus.
- Earn a return on idle cash with Moomoo Cash Plus
- Low commission fee for SG & HK stocks, ETFs & options.
- Lifetime $0 commission free* for US stocks.
Moomoo Promo: Low Commission + Free Stock
Here are some comparison of Moomoo against other similar brokerages:
Looking to reinvest your idle cash to earn high interest return while waiting for an opportunity to invest?
Moomoo Singapore offers Moomoo Cash Plus, a Cash Management Account, check out our review if you are interested in getting “Free Money” at low risk:
4.01%
p.a. (Approx.)
$2,005
Est. earning over 1 year at $50,000
- $1 Min.
- No Lock-in
- No Redemption Fee
- No Subscription Fee
Frequently Asked Question (FAQ)
Disclaimer: All views expressed in the article are independent opinion of the author, based on my own trading and investing experience. Neither Moomoo Singapore or its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.
* T&C Applies
Disclaimer: The information on this page is for your convenience only. By accessing this website you’ve agree on our T&C. We do not offer tax or investing advisory or brokerage services, nor do we recommend or advise anyone to buy or sell particular stocks, securities or other investments.
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Antony C. is a Singaporean dividend investor focused on building passive income through REITs, ETFs, and Dividend Stocks. With 15+ years of experience investing in Singapore, Hong Kong, and China markets, he founded IncomeBuddies.com to share practical wealth-building strategies tested in his own portfolio since 2008. His expertise has been featured in Yahoo Finance, Nasdaq, and NFAA, and he’s the published book author of "Start Small, Dream Big".
It is not commission free, there is platform fee for all foreign markets trading ， the article covers the pros and cons very comprehensively though must thumb up
Hey Steven, glad you like the article! Yup, thanks for highlighting 🙂
Which broker giving free HKEX level 2 data?
Hi WB, I don’t know any broker giving free HKEX level 2 data, most requires fees to gain access to the lv 2 data, but currently Moomoo give free US/SG level 2 data till Jun 25. For HK stocks, I generally use Moomoo for investing as well, and currently there is a new broker called Long Bridge where it is offering Commission-free for HK&US Stocks, you can check it out if you like. Personally, I think it looks pretty good, and the interface is clean, a possible option for trading HK stocks.