You can open your moomoo account on the moomoo website or on its desktop or mobile platforms. New accounts are verified within 1-3 business days. The moomoo account opening process is fully digital, easy and reasonably fast. Joint accounts, IRAs, custodian or corporate accounts are not available. The required moomoo minimum deposit is $0. In our experience, eligible countries can change from time to time, but as of this writing, moomoo accepts clients only from the US and Singapore. International wire withdrawals cost $45įor commission and fee schedules please visit.International wire deposits cost $25 unless it's your first deposit or you deposit more than $25,000.Domestic wire deposits cost $8 unless it's your first deposit or you deposit more than $25,000.However, both depositing and withdrawing by wire transfer can incur a fee: Deposit and withdrawal via ACH are also free. There's no account fee or inactivity fee. Futu Inc., moomoo's operator, doesn’t benefit financially from these charges as it passes them along fully to the relevant regulatory agencies. They charge these fees for all sell orders, regardless of the brokerage. However, the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) do charge a small fee for stock sell orders. The company does not charge you fees to open your account, to maintain your account, or to transfer funds to your account. moomoo stock index options commission of 10 contractsįor US residents, investing with moomoo is commission-free.

Moomoo doesn't charge fees for options trading, just like its closest rivals. It can account for a significant portion of your trading costs.

You have to pay interest on this borrowed money – the interest rate is called the margin rate. Trading on margin basically means that you borrow money from your broker and can purchase more shares than you could with just the available cash in your account. If you prefer stock trading on margin, you should check moomoo's margin rates. You can also trade Hong Kong stocks the commission is 0.03% of the invested amount or HKD 3, whichever is higher. moomoo stock and ETF commission on a $2,000 trade Moomoo charges no commission for trading US stocks and ETFs, similarly to its closest competitors. It's also great that the fee structure is transparent and easy to understand. Moomoo trading fees are zero in almost all cases. To have a clear overview of moomoo, let's start with the trading fees. See a more detailed rundown of moomoo alternatives. This selection is based on objective factors such as products offered, client profile, fee structure, etc. We also compared moomoo's fees with those of two similar brokers we selected, Webull and Robinhood. For example, in the case of stock investing the most important fees are commissions. In the sections below, you will find the most relevant fees of moomoo for each asset class. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.These can be commissions, spreads, financing rates and conversion fees. What you need to keep an eye on are trading fees and non-trading fees. We ranked moomoo's fee levels as low, average or high based on how they compare to those of all reviewed brokers.įirst, let's go over some basic terms related to broker fees. Commission-free stocks, ETFs, and options.On the negative side, margin rates are high. Moomoo offers commission-free trading of US stocks, ETFs and options.

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