Moomoo and Longbridge are Singapore’s two leading commission-free brokerages, both regulated by MAS and offering lifetime zero-commission US stock trading. Moomoo edges ahead on platform maturity, market breadth and desktop trading, while Longbridge wins on lifetime SGX commission-free trading and AI-powered research. Your best pick depends on whether you prioritise community features or cost savings on Singapore stocks.
This is an editorial comparison. Not financial advice. All figures are for educational reference only. Data as at July 2026 unless noted.
- Choose Moomoo if you want a mature desktop app, broader market access (including Australia), a social community, and Cash Plus for idle funds
- Choose Longbridge if you primarily trade SGX stocks and want lifetime $0 commission, or you value AI-driven research tools
- Both charge the same US$0.99 platform fee for US trades — the real cost difference is in SGX trading after Year 1
Quick Verdict: Who Should Use Which?
Before we dive into the granular comparison, here’s the short answer most Reddit threads on r/singaporefi are looking for.
Pick Moomoo if: you trade US stocks as your primary market, want a desktop app for charting, enjoy social trading features like Moo Community, and want a cash management option (Cash Plus) for idle funds. Moomoo is the more established platform with a NASDAQ-listed parent company (Futu Holdings) — you can verify their financials publicly.
Pick Longbridge if: you trade Singapore stocks regularly and want lifetime $0 commission on SGX (Moomoo reverts to S$0.03/lot after Year 1). Longbridge also has a stronger AI research suite called LongbridgeAI, and its Singapore headquarters may appeal to investors concerned about China risk. However, you’ll need to make do without a desktop app.
Now let’s break down each category in detail.
Trading Fees Compared
Both brokers compete aggressively on fees. Here’s where every dollar goes when you place a trade.
US stocks: Both offer lifetime $0 commission on US equities. The platform fee is effectively the same — US$0.99 per order. However, the fee structure differs slightly. Moomoo charges a flat US$0.99 regardless of order size. Longbridge charges US$0.005 per share with a US$0.99 minimum. For orders under 198 shares, both cost the same. For larger orders, Longbridge may cost more.
HK stocks: Both offer lifetime $0 commission. Platform fees are HK$3 per order for Moomoo (flat) and HK$0.005/share (min HK$3) for Longbridge. Same structure as US — identical for small orders, Longbridge costs more for very large orders.
FX conversion: Both brokers charge approximately 0.05% to 0.10% on currency conversion. Neither publishes the exact spread — it fluctuates with market conditions. For a typical USD 5,000 conversion, expect to pay roughly SGD 3.50 to SGD 7.00 in spread costs.
Both charge zero custody fees, zero inactivity fees, and require no minimum deposit. Neither platform charges for dividend collection or corporate actions.
The SGX Commission Difference (This Matters)
This is the single biggest differentiator between the two platforms — and it’s the one most Reddit comparisons overlook.
Longbridge offers lifetime $0 commission on SGX stocks. You only pay the platform fee of S$0.06/lot (minimum S$0.99). That’s it. Forever.
Moomoo offers $0 SGX commission for your first year only. After that, you pay S$0.03/lot commission on top of the S$0.99 platform fee. For a typical trade of 10 lots of a blue-chip SGX stock, that adds S$0.30 per trade.
On its own, S$0.30 per trade doesn’t sound like much. But if you’re an active SGX trader making 20 trades a month, that’s S$72 per year in commission you’d save with Longbridge. Over five years, that’s S$360. For passive investors making just 2–3 SGX trades a year, the difference is negligible — under S$1 per year.
| Scenario | Moomoo SGX Cost (Year 2+) | Longbridge SGX Cost | Annual Saving with Longbridge |
|---|---|---|---|
| 2 trades/year (10 lots each) | S$2.58 | S$1.98 | S$0.60 |
| 12 trades/year (10 lots each) | S$15.48 | S$11.88 | S$3.60 |
| 48 trades/year (10 lots each) | S$61.92 | S$47.52 | S$14.40 |
| 240 trades/year (10 lots each) | S$309.60 | S$237.60 | S$72.00 |
Source: Calculated from published fee schedules — Moomoo.com/sg, Longbridge.com/sg, July 2026. Assumes 10 lots per trade. Moomoo: S$0.99 platform + S$0.03/lot commission (Year 2+). Longbridge: S$0.99 platform + $0 commission.
Bottom line: If SGX is your primary market, Longbridge saves you money long-term. If you mostly trade US stocks and only occasionally buy SGX, the difference is minimal.
Platform & Features
Desktop App
Moomoo offers a full desktop application for Windows and Mac. If you do serious charting or need multiple monitors, this matters. Longbridge is mobile-first with a web interface — no native desktop app. For most casual investors trading on their phone, this isn’t a dealbreaker. For active traders, it could be.
AI & Research Tools
Longbridge has invested heavily in its LongbridgeAI suite, which provides AI-powered market analysis, earnings summaries, and stock screening. New accounts get full access to these features. Moomoo offers analytics and charting tools, but its research features are more traditional — think stock screeners, financial statements, and analyst ratings rather than AI-generated insights.
Social & Community
Moomoo wins decisively here. The Moo Community feature lets you follow other traders, join discussion groups, and see what popular stocks other users are buying. It’s essentially social media built into a brokerage app. Longbridge has limited social features by comparison.
Cash Management
Moomoo offers Moomoo Cash Plus, a cash management product that earns interest on uninvested funds. As of mid-2026, Cash Plus pays around 1.3% p.a. — not competitive with digital banks like GXS (3.48%) or MariBank (2.68%), but better than leaving cash idle. Longbridge doesn’t offer an equivalent product.
Options Trading
Both platforms support US options trading. Longbridge has been running promotional $0 commission on options, making it attractive for options traders. Moomoo also supports US options with competitive fees.
Markets & Instruments
Moomoo offers slightly broader market access than Longbridge. Here’s the breakdown.
| Market | Moomoo | Longbridge |
|---|---|---|
| Singapore (SGX) | ✅ | ✅ |
| US (NYSE/NASDAQ) | ✅ | ✅ |
| Hong Kong (HKEX) | ✅ | ✅ |
| China A-Shares | ✅ | ✅ |
| Japan | ✅ | ✅ |
| Australia (ASX) | ✅ | ❌ |
| Futures | ✅ | ✅ |
| US Options | ✅ | ✅ |
| Fractional Shares | ✅ | ✅ |
| Unit Trusts / Funds | ✅ | ❌ |
| Government Bonds | ✅ | ❌ |
Source: Moomoo.com/sg, Longbridge.com/sg, CapitalMarkets.SG — as at July 2026
If you want to trade ASX-listed stocks, invest in unit trusts through your brokerage, or access government bonds, Moomoo is your only option between the two. For most Singapore investors focused on US and SGX stocks, both platforms cover what you need.
Regulation & Safety
Both Moomoo and Longbridge hold active Capital Markets Services (CMS) licences from the Monetary Authority of Singapore (MAS). This means both are legally required to segregate your assets from their own — your shares are held separately in custodian accounts.
However, there are notable differences in their regulatory profiles.
Moomoo (Moomoo Financial Singapore Pte. Ltd.) holds three licences: CMS, Major Payment Institution (MPI), and Exempt Financial Adviser (EFA). The MPI licence allows it to offer payment and money transfer services. Its parent company, Futu Holdings, is publicly listed on NASDAQ (ticker: FUTU), meaning its financials are audited and publicly disclosed. However, Moomoo was fined S$330,000 by MAS in 2024 for anti-money laundering (AML) compliance lapses. We covered this in detail in our article on whether Moomoo is safe in Singapore.
Longbridge (Long Bridge Securities Pte. Ltd.) holds CMS and EFA licences. It does not hold an MPI licence. Longbridge Group is privately held and headquartered in Singapore — a point that resonates with investors wary of Chinese tech crackdowns affecting Futu. However, being private also means less public financial transparency compared to a listed company.
Both firms are MAS-regulated, and your assets are segregated. The risk of losing your shares due to either broker going bankrupt is low — but not zero. For context, Singapore’s regulatory framework for brokerages is among the strictest in Asia.
Real Cost Scenario: SGD 10,000 Portfolio
Let’s say you have SGD 10,000 to invest. You plan to buy 3 US stocks and 2 SGX stocks per year, dollar-cost averaging quarterly. Here’s what you’d actually pay over your first year and beyond.
| Cost Component | Moomoo (Year 1) | Moomoo (Year 2+) | Longbridge |
|---|---|---|---|
| US platform fees (12 trades) | US$11.88 | US$11.88 | US$11.88 |
| SGX platform fees (8 trades) | S$7.92 | S$7.92 | S$7.92 |
| SGX commission (8 trades × 10 lots) | S$0 | S$2.40 | S$0 |
| FX conversion (~S$7,500 to USD) | ~S$5.25 | ~S$5.25 | ~S$5.25 |
| GST on platform fees (9%) | ~S$1.78 | ~S$1.78 | ~S$1.78 |
| Total estimated annual cost | ~S$30.80 | ~S$33.20 | ~S$30.80 |
Source: Calculated from published fee schedules, July 2026. USD/SGD rate assumed at 1.35. FX spread assumed at 0.07%.
The difference is marginal — about S$2.40 per year for a typical passive investor. You’ll save more money by getting a better FX rate or timing your currency conversion than by switching brokers.
Where the cost gap widens is if you’re an active SGX trader. If you make 100+ SGX trades per year, the commission savings with Longbridge add up to meaningful amounts.
Welcome Bonuses & Referral Codes
Both brokers offer generous sign-up promotions for new accounts.
Moomoo currently offers welcome rewards of up to S$1,200 in cash and stock vouchers for new accounts that meet minimum deposit and trading requirements. You can get extra rewards using a Moomoo referral code when signing up.
Longbridge offers cash rewards and stock vouchers for qualifying deposits. New accounts also get full access to LongbridgeAI research features. Sign up with a Longbridge referral code for additional bonus rewards.
Welcome bonuses change frequently, so check the latest promotions before signing up. The bonuses alone shouldn’t determine your broker choice — but they’re a nice perk if you’re opening a new account anyway.
TKN’s Take
After comparing every aspect — fees, features, regulation, and real-world costs — here’s our verdict.
For most Singapore investors, Moomoo is the safer default choice. It has a longer track record in Singapore (incorporated 2019 vs Longbridge’s 2021), a publicly listed parent company with auditable financials, broader market access, a desktop app, and the social community features that make investing less lonely. If you buy mainly US stocks and ETFs like CSPX or VWRA, Moomoo does everything you need.
Longbridge is the better pick for SGX-focused traders. Lifetime $0 commission on Singapore stocks is a genuine advantage that compounds over time. If you’re building a portfolio of Singapore REITs or blue-chip SGX stocks, Longbridge will save you money. The AI research tools are also genuinely useful for fundamental analysis.
There’s no rule saying you can only use one broker. Many Singapore investors maintain accounts with both — Longbridge for SGX trades and Moomoo for US trades — to get the best of both worlds. Both are free to open with no minimum deposit.
