Moomoo Singapore Review 2026: Fees, Features & Honest Verdict
A comprehensive review of moomoo’s brokerage platform — trading fees, platform features, pros and cons, and who it’s best for in 2026.
Moomoo Singapore is a MAS-regulated brokerage offering lifetime $0 commission on US stocks, competitive SG and HK fees, and a feature-rich trading app. With up to S$1,100 in welcome rewards via a moomoo referral code, it’s become one of the most popular platforms for Singapore retail investors — especially those focused on the US market.
Not financial advice. All figures are for educational reference only. Data as at July 2026 unless noted.
- Best for US stock traders — lifetime $0 commission is hard to beat
- SG stock fees are competitive (0.03% + 0.03% platform fee) but not the cheapest after year one
- Strong charting, paper trading, and community features — but no CPF/SRS investment support
Table of Contents
What Is Moomoo Singapore?
Moomoo is a trading platform operated by Futu Singapore Pte. Ltd., which holds a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). The platform launched in Singapore in 2020 and has grown rapidly — particularly after introducing lifetime $0 US stock commissions in 2022.
Through moomoo, you can trade stocks, ETFs, options, and fractional shares across the US (NYSE, NASDAQ), Singapore (SGX), Hong Kong (HKEX), China A-shares (Shanghai/Shenzhen Connect), and Australian markets. The platform is available as a mobile app (iOS and Android) and a desktop application.
Moomoo is backed by Futu Holdings (NASDAQ: FUTU), a Hong Kong-listed fintech company. Your securities are held by a licensed custodian, and cash balances are segregated in trust accounts as required by MAS regulations. For a deeper look at safety, read our analysis of whether moomoo is safe for Singapore investors.
Moomoo Fees Breakdown (All Markets)
Fees are the most important factor when choosing a broker. Here’s the complete moomoo fee structure as at July 2026:
US Stocks & ETFs
This is moomoo’s strongest selling point. You pay $0 commission — permanently. There’s still a platform fee of US$0.99 per order and minor regulatory fees (SEC fee, FINRA Trading Activity Fee, CAT fee), but the total cost per trade is significantly lower than most competitors.
For a typical US stock trade of US$5,000, your total cost is roughly US$1.00–1.10. That’s cheaper than IBKR’s tiered pricing for smaller trades and on par with Longbridge’s promotional rates.
Singapore Stocks (SGX)
For SGX-listed stocks, REITs, and ETFs, moomoo charges 0.03% commission plus a 0.03% platform fee, with a minimum of S$0.99 each. New users get 1 year of $0 commission, so you only pay the platform fee during the first year.
After the first year, a S$5,000 SGX trade costs approximately S$3.00 in commission + platform fees (before GST). That’s competitive but not the cheapest — Longbridge charges just 0.03% with no separate platform fee.
Hong Kong Stocks
HK stock trading costs 0.03% commission plus a platform fee of HK$15 per order. You’ll also pay stamp duty (0.1%), SFC transaction levy, and FRC transaction levy — these are government charges that apply regardless of broker.
US Options
Moomoo charges US$0.65 per contract for commission and US$0.65 per contract for platform fee, totalling US$1.30 per contract. That’s reasonable for retail options traders, though IBKR is cheaper at scale.
| Market | Commission | Platform Fee | Min Cost/Trade |
|---|---|---|---|
| US Stocks | $0 (lifetime) | US$0.99 | ~US$1.00 |
| SG Stocks | 0.03% | 0.03% | S$1.98 |
| HK Stocks | 0.03% | HK$15 | ~HK$30 |
| US Options | US$0.65/contract | US$0.65/contract | US$1.30 |
Source: moomoo.com/sg official pricing page, July 2026. All fees subject to 9% GST for Singapore tax residents.
Other Fees to Watch
Beyond trading fees, keep these costs in mind. Currency conversion (FX) spread is approximately 0.05–0.1% — competitive but not the tightest. There’s no inactivity fee and no account maintenance fee. Deposits via PayNow and bank transfer are free. Withdrawals to Singapore bank accounts are also free.
Platform Features & Tools
Moomoo’s platform is more feature-rich than most retail brokers in Singapore. Here’s what stands out:
Advanced charting. Moomoo offers 60+ technical indicators, multiple chart types, and drawing tools. For retail investors who use technical analysis, this rivals platforms like TradingView — and it’s all built into the app for free.
Paper trading. You can practise trading with virtual money before risking real capital. This is a great feature for beginners learning how the stock market works.
Fractional shares. Buy US stocks in dollar amounts rather than full shares. Want $100 of Apple or NVIDIA instead of one full share at $200+? Fractional shares make that possible.
Level 2 market data (US). Moomoo provides free Level 2 (Nasdaq TotalView) data for US stocks — something IBKR charges for. This shows you the full order book depth, which is useful for understanding supply and demand.
Community and social features. The app has a built-in social feed where users share trade ideas and analysis. Take these with a grain of salt, but it can be interesting for following market sentiment.
Earnings calendar and news. Real-time financial news, earnings announcements, and analyst ratings are integrated into the app. You don’t need a separate news subscription for basic market research.
What’s missing? Moomoo doesn’t support CPF or SRS investment accounts — a limitation for investors who want to use retirement savings for stock investing. It also doesn’t offer robo-advisory services like Syfe or Endowus. If you’re looking for a fully managed investment experience, those platforms are better suited.
How to Open a Moomoo Account
Opening an account takes about 5 minutes. Here’s the process:
Step 1: Click the moomoo referral link to start your application. This ensures you qualify for the full welcome rewards.
Step 2: Download the moomoo app (iOS or Android) and create your account with your email or phone number.
Step 3: Complete identity verification using Singpass MyInfo. If you’re a foreigner with a valid work pass, you can upload your passport and proof of address manually.
Step 4: Fund your account via PayNow (instant) or bank transfer (1–2 business days). No minimum deposit is required to open the account, but you need at least S$100 to start claiming welcome rewards.
Step 5: Start trading. Search for any stock or ETF, select the exchange, and place your order. Your welcome rewards will appear in the Rewards Centre within 1–2 business days.
For a detailed walkthrough on maximising your welcome bonus, visit our moomoo referral code page.
Pros and Cons
After using moomoo for over two years, here’s an honest assessment of its strengths and weaknesses:
| Pros | Cons |
|---|---|
| Lifetime $0 US stock commission | No CPF/SRS investment support |
| Advanced charting & Level 2 data (free) | SG commission not the cheapest after Year 1 |
| Paper trading for beginners | Welcome rewards have complex T&Cs |
| Fractional shares (US stocks) | FX spread not the tightest |
| MAS regulated (CMS licence) | China-backed parent company (concerns some investors) |
| Generous welcome rewards (up to S$1,100) | No robo-advisory or managed portfolios |
Source: The Kopi Notes assessment, July 2026
Moomoo vs Longbridge vs IBKR
Choosing between moomoo, Longbridge, and IBKR depends on your trading profile. Here’s a quick comparison of the three most popular brokers for Singapore retail investors:
Moomoo vs Longbridge: Both offer $0 US stock commission (Longbridge’s is promotional), but moomoo’s is permanent. Longbridge has a slightly higher sign-up bonus and lower SG stock fees (no separate platform fee). For a full breakdown, read our moomoo vs Longbridge Singapore comparison.
Moomoo vs IBKR: IBKR is the better choice for large portfolios (above S$100,000), London Stock Exchange ETFs like CSPX and VWRA, and multi-currency accounts. Moomoo wins on US stock commission ($0 vs IBKR’s tiered pricing) and app user experience. If you primarily buy US stocks and ETFs with a smaller portfolio, moomoo is more cost-effective. For LSE ETF investing, consider the IBKR referral code instead.
For investors building a long-term portfolio with regular investments, the commission savings from moomoo’s $0 US trades compound significantly. If you invest S$1,000 monthly into US stocks over 10 years, you’d save roughly S$1,200–2,400 in commissions compared to IBKR’s tiered pricing.
Who Is Moomoo Best For?
Moomoo is ideal if you:
- Primarily trade US stocks and ETFs — the lifetime $0 commission is unbeatable
- Want advanced charting and market data without paying extra subscriptions
- Are a beginner who benefits from paper trading and an intuitive mobile app
- Want to buy fractional shares of expensive US stocks
Consider alternatives if you:
- Invest mainly in SGX stocks or REITs — Longbridge may be cheaper long-term
- Buy London Stock Exchange ETFs (CSPX, VWRA) — IBKR has better LSE access and FX rates
- Want to invest using CPF or SRS funds — moomoo doesn’t support these
- Prefer a managed/robo-advisory approach — look at Syfe or Endowus instead
If you’re planning your investment journey, our Singapore retirement calculator can help you figure out the right monthly investment amount based on your goals.
Not financial advice. All figures are for educational reference only. Verify current fees and promotions on moomoo’s official website before opening an account.
Frequently Asked Questions
Is moomoo safe for Singapore investors?
Yes, moomoo Singapore is operated by Futu Singapore Pte. Ltd., which holds a Capital Markets Services (CMS) licence from MAS. Your securities are held by a licensed custodian, and cash is kept in segregated trust accounts. The parent company, Futu Holdings, is publicly listed on NASDAQ (ticker: FUTU), adding an extra layer of transparency through mandatory regulatory filings.
How much does it cost to trade US stocks on moomoo?
Commission is $0 permanently for all Singapore users. You pay a platform fee of US$0.99 per order, plus minor regulatory fees (SEC fee, FINRA TAF, CAT fee). The total cost for a typical US stock trade is approximately US$1.00–1.10 — among the lowest of any broker available in Singapore.
Can I use CPF or SRS to invest through moomoo?
No, moomoo does not currently support CPF Investment Scheme (CPFIS) or Supplementary Retirement Scheme (SRS) accounts. If you want to invest your CPF or SRS funds, you’ll need to use a broker that supports these schemes, such as IBKR, DBS Vickers, or FSMOne.
What is the minimum deposit for moomoo Singapore?
There is no minimum deposit required to open a moomoo account. However, you need at least S$100 to start claiming welcome rewards, and a S$3,000 deposit unlocks a significantly better reward tier (~S$180 in bonuses). You can fund via PayNow for instant transfers.
How does moomoo compare to Longbridge for Singapore investors?
Both offer $0 US stock commission, but moomoo’s is permanent while Longbridge’s may be promotional. Longbridge has a slightly higher sign-up bonus and lower SG stock fees (no separate platform fee). Moomoo has a more feature-rich app with free Level 2 data and better charting tools. For most US stock traders, moomoo edges ahead on long-term value.
Does moomoo charge withdrawal fees?
No, moomoo does not charge fees for withdrawing SGD to a Singapore bank account. Withdrawals are processed within 1–2 business days. Deposits via PayNow are also free and instant. There’s no inactivity fee or account maintenance fee either.
Is the moomoo referral bonus worth signing up for?
Yes, the welcome rewards of up to S$1,100 (NVIDIA shares + cash coupons) are generous compared to other brokers. Even at the S$3,000 deposit tier, you get approximately S$180 in rewards — a 6% instant return. Combined with lifetime $0 US commission, moomoo offers strong overall value for new investors.
Open a Moomoo Account Today
Get up to S$1,100 in welcome rewards with lifetime $0 US stock commission.
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.
