moomoo is a commission-free stock brokerage popular in Singapore, offering up to S$2,388 in welcome gifts for new users in 2026. However, moomoo does not support CPF or SRS investing, uses a custody (not CDP) model, and focuses on stocks and ETFs — not managed portfolios or unit trusts. If you want CPF/SRS-eligible investing or automated portfolio management, Endowus (referral code 2V343), Syfe (SRPRFFFCD), or FSMOne (P0544985) are better fits for most Singapore investors.

Not financial advice. All figures are for educational reference only. Promotion details are subject to change — verify on each platform’s official website. Data as at June 2026.

moomoo Referral Code & Welcome Bonus 2026

moomoo Singapore runs periodic welcome promotions for new users. As at June 2026, the platform advertises rewards of up to S$2,388 in cash vouchers, stock vouchers, and commission-free days — though the exact amount depends on how much you deposit and how many trades you make.

Unlike a simple referral code (where you enter a friend’s code at sign-up), moomoo’s promotions are typically tied to deposit milestones and trade requirements. The headline number is achievable only if you hit the highest deposit tier and complete the required number of trades within the promotional period.

Here’s how moomoo’s typical promo tiers work:

Source: moomoo Singapore official promotions page, June 2026. Conditions subject to change.

moomoo vs Endowus: Which Is Better?

Endowus and moomoo serve completely different needs. moomoo is a self-directed brokerage — you pick your own stocks and ETFs. Endowus is a digital wealth platform where you set your goals and risk profile, and Endowus does the rest.

Bottom line: If you have CPF or SRS funds to invest, moomoo is not an option. Use Endowus referral code 2V343 to get started.

moomoo vs Syfe: Key Differences

Syfe is a robo-advisor and brokerage hybrid. Like Endowus, it can invest your CPF and SRS savings. But Syfe also has a “Trade” feature for self-directed ETF and stock investing.

Use Syfe referral code SRPRFFFCD to get a sign-up bonus.

moomoo vs FSMOne: CDP vs Custody

moomoo holds your shares in a custodian account — your shares are not in your CDP (Central Depository) account. FSMOne uses CDP, which means your stocks and bonds sit directly in your name with SGX.

Use FSMOne referral code P0544985 to sign up.

The CPF & SRS Gap: Why It Matters

Singapore investors have a powerful advantage: CPF and SRS savings. If you have CPF OA balances above the minimum sum, you can invest them via the CPF Investment Scheme (CPFIS). If you contribute to SRS, you get tax relief now and can invest those funds too.

The CPF OA currently earns 2.5% p.a. A diversified equity fund via Endowus or Syfe has historically returned 5–8% p.a. over the long term. The difference compounds dramatically over 20–30 years.

Check out our Singapore retirement calculator to run your own numbers.

Fee Comparison: Trading Costs for Singapore Investors

Who Should Use moomoo vs Alternatives?

For most buy-and-hold Singapore investors building passive income from the best S-REITs — FSMOne or Syfe offers a better overall package than moomoo.

Verdict: Should You Use moomoo?

moomoo is a solid platform for low-cost, self-directed stock and ETF trading. Its commission structure is among the cheapest in Singapore, and the welcome bonus of up to S$2,388 is one of the most generous in the market. But moomoo is not the right primary platform for most everyday Singapore investors building long-term wealth. The CPF and SRS gap is too significant to ignore.

If you have CPF OA funds to put to work or want to maximise your SRS tax relief, Endowus (code 2V343) or Syfe (code SRPRFFFCD) are better starting points. For building a passive income portfolio from Singapore REITs and dividend stocks, FSMOne (code P0544985) gives you CDP ownership.

Our recommendation: use moomoo for US stock trading if that’s your focus. Don’t let a welcome bonus push you into the wrong platform for your investing goals. Run the numbers with our retirement calculator.