BROKER FEES SINGAPORE
moomoo Commission Fee Singapore (2026): Zero Brokerage Explained — What You Actually Pay
Because $0 commission doesn’t mean $0 in total costs
moomoo Singapore charges $0 commission on US stocks and ETFs — but every US trade still incurs a platform fee of USD $0.99 per order (approximately S$1.46 including 9% GST), plus small US regulatory fees on sell orders. For Singapore stocks traded through CDP, you’ll pay 0.03% commission plus a separate 0.03% platform fee, each with a minimum of S$0.99, meaning a SGD 1,000 trade costs around S$2.16 in moomoo charges alone before SGX exchange fees. This guide breaks down exactly what you pay across every market.
Not financial advice. All figures are for educational reference only. Data verified against the official moomoo Singapore fee schedule as at October 2026.
What “Zero Commission” Actually Means on moomoo
When moomoo advertises zero commission on US stocks, it means the platform waives the traditional percentage-based broker commission — the cut that older brokers like DBS Vickers or Lim & Tan take on every trade. This is a genuine pricing advantage: before zero-commission platforms arrived in Singapore, you might pay 0.20–0.28% on every US stock trade, which adds up quickly on a SGD 20,000 position.
But “zero commission” is not “zero cost.” moomoo replaces the percentage commission with a flat platform fee of USD $0.99 per order, and there are US regulatory fees (SEC and FINRA charges) that apply to all US-registered brokers regardless of commission model. Understanding this distinction is crucial for accurate cost modelling — especially if you trade frequently or in smaller lot sizes where flat fees hurt proportionally more.
Think of moomoo’s pricing philosophy as a fixed per-trade fee model rather than a percentage model. For large trades, this heavily favours you. For very small trades (under approximately S$200 equivalent), the fixed fee eats a disproportionate share of your trade value.
US Stocks: Full Fee Breakdown
For US equities and ETFs — the most popular market for Singapore investors on moomoo — here is the complete fee structure as at October 2026:
| Fee Type | Amount | Who Charges It | Buy or Sell? |
|---|---|---|---|
| Commission | $0.00 | moomoo | Both |
| Platform Fee | USD $0.99 per order + 9% GST | moomoo | Both |
| SEC Transaction Fee | $0.0000051 × trade value (min $0.01) | US SEC | Sells only |
| Trading Activity Fee | $0.000130 per share (max $6.49) | FINRA (via broker) | Sells only |
| Settlement Fee | $0.003 per share | DTC | Both |
Source: moomoo Singapore official fee schedule, October 2026. GST at 9% applies to the platform fee charged by moomoo.
The all-in cost per US buy: approximately USD $1.08 (the $0.99 platform fee × 1.09 for GST), or roughly S$1.46 at a 1.35 SGD/USD rate. On sell orders, SEC and FINRA fees add a very small amount — for a USD 5,000 sell, the SEC fee is approximately USD $0.03 and the activity fee depends on share count.
New moomoo accounts receive 1 year commission-free trading including the platform fee waiver on US stocks. This makes the first year exceptionally cost-effective for building a US equity portfolio — effectively free trading beyond the tiny regulatory fees. For full details on signing up, see the moomoo Singapore review 2026 covering the current welcome bonus.
Singapore Stocks: What You Actually Pay
For Singapore equities, ETFs, and REITs traded on SGX via CDP, moomoo uses a different structure — percentage-based fees rather than flat fees:
| Fee Type | Rate | Minimum |
|---|---|---|
| Commission | 0.03% | S$0.99 per order |
| Platform Fee | 0.03% | S$0.99 per order |
| SGX Trading Fee | 0.0075% | — |
| SGX Clearing Fee | 0.0325% | — |
| GST on moomoo fees | 9% on commission + platform fee | — |
Source: moomoo Singapore official fee schedule, October 2026. New users receive 1-year commission-free promotion — check moomoo app for current terms.
For a mid-sized SGX trade above S$3,300, the total effective rate works out to approximately: moomoo’s 0.06% (0.03% commission + 0.03% platform fee, both with 9% GST) plus SGX’s combined 0.04% exchange fees, giving approximately 0.10% all-in. This compares favourably to traditional CDP brokers which typically charge 0.18–0.28% per trade.
For very small SGX trades under S$3,300, the S$0.99 minimum per charge kicks in on both fees. A S$1,000 trade would cost S$0.99 (commission) + S$0.99 (platform fee) × 1.09 GST = approximately S$2.16 in moomoo fees alone, before SGX fees of about S$0.40 — giving an effective rate of roughly 0.26%. Singapore investors building a portfolio in S-REITs or STI ETF lots should therefore aim for trade sizes above S$5,000 to stay closer to the 0.10% headline rate. For S-REIT strategies, see our passive income Singapore 2026 guide.
Hong Kong Stocks Fees
For Hong Kong equities and ETFs, moomoo charges a percentage commission plus a flat platform fee:
| Fee Type | Amount |
|---|---|
| Commission | 0.03% (min HK$3 per order) |
| Platform Fee | HK$15 per order |
| Stamp Duty | 0.13% (waived for ETFs) |
| SFC Transaction Levy | 0.0027% |
| HKEX Trading Fee | 0.005% |
Source: moomoo Singapore official fee schedule, October 2026.
For HK stocks, new moomoo users receive 30 days commission-free trading, though the HK$15 platform fee still applies during the promotion. The HK$15 platform fee is the dominant cost for small HK trades (equivalent to approximately S$2.60), so this market is best suited for larger position sizes.
Hidden Costs Most Investors Miss
Beyond the headline fees, several costs can catch investors off guard:
Currency Conversion (FX Spread): When you fund your moomoo account in SGD and buy US stocks, moomoo converts your SGD to USD. The FX spread — the difference between the mid-market rate and moomoo’s offered rate — typically ranges from 0.2% to 0.5% depending on amount and timing. On a SGD 10,000 US purchase, this spread could add S$20–S$50 to your effective cost. Depositing USD directly (if you hold USD in a multi-currency account) sidesteps this entirely.
GST on All moomoo Fees: Singapore’s 9% GST applies to moomoo’s commission and platform fees. This means the nominal USD $0.99 US platform fee costs USD $1.0791, and the 0.03% SGX commission costs 0.0327% after GST. This is often not highlighted in fee comparison articles.
Inactivity Fees: moomoo currently charges no inactivity fees in Singapore. This is a genuine advantage for buy-and-hold investors who trade infrequently — keeping an open account costs nothing.
Deposit and Withdrawal Fees: moomoo does not charge for deposits or withdrawals. Any bank transfer fees depend on your sending bank, not moomoo.
Margin Interest: If you use moomoo’s margin facility, interest applies at 4.80% per annum for USD and SGD positions, and 6.80% p.a. for HKD and CNH positions. This is separate from trading fees but material for active margin traders. For long-term investors, the Singapore retirement calculator can help model the impact of margin costs on portfolio growth over time.
Fee Comparison: moomoo vs Competitors
How does moomoo stack up against other popular platforms for Singapore investors?
| Platform | US Stocks | SG Stocks | Min Cost (US) |
|---|---|---|---|
| moomoo | $0 commission + $0.99 platform fee | 0.03% + 0.03% platform (min $0.99 each) | ~S$1.46/trade |
| Tiger Brokers | $0 commission + platform fee | 0.06% combined (min S$2.88) | ~S$1.50/trade |
| IBKR (tiered) | $0.0035/share (min $0.35) | 0.05% (min S$2.50) | ~S$0.47/trade |
| Syfe Trade | $0 commission | 0.06% (min S$1.99) | Platform fee varies |
Source: Official broker fee schedules, October 2026. IBKR tiered SGD rate approximate. Promotional rates excluded.
For US stock trading, moomoo and Tiger Brokers are broadly comparable per trade. IBKR’s tiered pricing is cheapest for large share-count trades (low-priced stocks with many shares) but more expensive than moomoo for whole-lot ETF purchases (where one share of VTI or QQQ is hundreds of dollars, making the $0.35 minimum competitive against $0.99). For Singapore investors who primarily buy ETF rounds lots, moomoo’s pricing is competitive.
Syfe offers an interesting alternative for Singapore investors who value automated rebalancing and fractional ETF shares — see the Syfe referral code and sign-up bonus for current welcome offers. For a direct comparison of both platforms, the Endowus referral code page covers the robo-advisory alternative for CPF and SRS investing.
Real Cost Examples for Singapore Investors
Numbers become clearest in context. Here is what moomoo commission fees cost across four common trade sizes, assuming the new-user promotion period has ended:
| Scenario | moomoo Cost | Effective Rate | Notes |
|---|---|---|---|
| Buy USD 5,000 of S&P 500 ETF (US) | ~S$1.46 | 0.02% | Platform fee only; $0 commission |
| Buy USD 200 of any US stock | ~S$1.46 | 0.50% | Same absolute fee — small trades hurt |
| Buy SGD 5,000 of Nikko AM STI ETF | ~S$3.25 (moomoo fees only) | 0.065% | 0.03% + 0.03%, both above minimum; plus ~S$2 SGX fees |
| Buy SGD 1,000 of SGX-listed REIT | ~S$2.16 | 0.22% | Both commission and platform hit $0.99 minimum + GST |
Calculations based on moomoo Singapore official fee schedule, October 2026. SGD/USD rate estimated at 1.35. Figures approximate and for educational reference only.
The key insight: moomoo’s commission structure heavily favours larger, less-frequent trades. For monthly DCA of small amounts, the fixed S$1.46 platform fee on US stocks represents a meaningful cost drag — a monthly investment of SGD 300 in a US ETF incurs roughly 0.35% in fees per trade. Consider batching trades quarterly to reduce the proportional impact of the platform fee. To model the long-term impact of trading costs on wealth accumulation, the Singapore retirement planning calculator lets you compare scenarios with different fee assumptions.
Frequently Asked Questions: moomoo Commission Fee Singapore
Does moomoo charge a commission fee for US stocks in Singapore?
What is moomoo's platform fee and how is it different from commission?
Are moomoo's fees similar to Tiger Brokers?
Is moomoo's 1-year commission-free offer genuine?
Does moomoo charge GST on its fees?
What is the cheapest way to invest in US ETFs on moomoo?
Does moomoo charge fees for depositing or withdrawing money?
Related Articles
This article was researched with the help of AI. While we strive to keep all information accurate and up to date, there may be errors. If you notice any discrepancies, please contact us.
