moomoo SG

1. Low commission fees

If you’ve ever been annoyed at high trading fees eating into your profits, you’ll appreciate Moomoo’s competitive pricing. In particular, Moomoo offers commission-free trading on US stocks, with just a small platform fee of US$0.99 per order. That’s a stark contrast to traditional brokers that may charge both commission and additional platform or custodian fees.

And if you’re trading Singapore stocks, Moomoo offers some of the most competitive rates around. You’ll pay just 0.03% commission and 0.03% platform fee per trade, with a minimum of S$0.99 each, making it one of the lowest entry points among digital brokers in Singapore.

Plus, new users get 1 year of commission-free trading on SG stocks, giving you time to build your portfolio without worrying about costs. Compared to traditional brokers that may charge multiple times more, that’s serious savings for everyday investors.

2. Comprehensive product range

Moomoo offers a comprehensive range of investment products to cater to diverse investment goals. Beyond stocks and ETFs, you can explore mutual funds, bonds, REITs, and even cryptocurrencies, all within a single platform. Whether you're interested in long-term growth, income generation, earning rewards, or exploring new asset classes, moomoo provides the tools and options to achieve your financial objectives.

3. Beginner friendly

If you’re new to investing, Moomoo provides a supportive environment to help you get started. The platform is known for its thriving trading community, where users can share investment ideas, discuss market trends, and learn from each other. Aside from offering rewards, Moomoo also provides educational resources and a user-friendly interface, making it easy to navigate the platform and make informed investment decisions.

1. Limited market access

While Moomoo allows access to major markets like the US, Singapore, Hong Kong, China A-shares, and Japan, it lacks access to European exchanges. For instance, you can’t invest in companies listed on the London Stock Exchange (LSE), such as Unilever or HSBC. This could be a limitation for investors keen on diversifying into UK or EU-listed stocks, or ETFs domiciled in those regions.

Adding LSE or Euronext could open up more options, especially for Singaporean investors seeking global dividend stocks or low-cost UCITS ETFs.

2. Desktop platform can be buggy

While Moomoo’s desktop platform is packed with features, it can sometimes be a little clunky.

Some users experience laggy charts when switching timeframes, sudden crashes when placing multiple trades, or long load times during high market volatility.

These bugs don’t affect everyone, but if you rely on a desktop terminal for quick trades, it’s something to be aware of. Thankfully, the mobile app is generally more stable and receives regular updates.

Moomoo customer service

Moomoo offers a fairly robust support experience through several channels designed to help both beginners and experienced investors:

• You can reach customer service directly from within the app, with chat functions that guide you to FAQs or connect you to a human agent.
• Support is available 24 hours a day during market weekdays (Monday to Friday), making it convenient for traders who buy and sell outside of regular office hours.
• Moomoo provides support in English and Mandarin, which is great for bilingual Singaporean users or regional investors.
• Users can also join Moomoo’s in-app social community to post questions, read market opinions, and engage with fellow investors, similar to a mini Reddit for stocks.
• For those still learning the ropes, Moomoo’s Learning Centre includes bite-sized articles, tutorials, and explainer videos to build your financial knowledge at your own pace.

If you're trading Singapore stocks, Moomoo stands out for its transparent and low fees, charging just 0.03% commission + 0.03% platform fee, with a minimum of S$0.99 per trade. This makes it one of the most cost-effective platforms for retail investors, especially when compared to its closest competitors.

Moomoo offers a better deal than both Tiger Brokers and Webull, especially for smaller trade sizes, where minimum fees matter most. For example, a S$500 trade would cost only S$1.98 with Moomoo, compared to S$2.50 flat with Tiger or Webull. Over time, these small savings add up, making Moomoo ideal for frequent local trades.

Moomoo leads with $0 commission and only a $0.99 platform fee per order. Tiger also offers $0 commission, but charges a $1.00 platform fee, slightly higher than Moomoo.

Webull edges both with zero commission and zero platform fee, making it the absolute lowest-cost option for US stock trades, especially if you’re a buy-and-hold investor. However, Moomoo counters with better features for active traders, including real-time data, advanced charting, and regular promos like guaranteed returns on idle funds.

Overall, Webull has the lowest fees for US and HK stocks if you want a pure no-platform-fee experience, but Moomoo is a strong middle-ground with more features and better Singapore market access. Tiger’s slightly higher fees may not be worth it unless you value its interface or ecosystem.

If you’re ready to start your investment journey with Moomoo, follow these steps to open an account and redeem the attractive sign-up bonuses available through SingSaver:

1. Click the "Apply Now" button on this page: This will redirect you to Moomoo's official sign-up page, where you can securely create your account.
2. Choose your preferred method to sign up: You can use your existing Google account for quick registration or provide your email address to create a new moomoo account.
3. Complete the application: Fill in the required information, including your personal details and financial information, as prompted.
4. Fund your account: While no deposit is required to create an account, it’s recommended to fund the minimum amount to qualify for the sign-up bonuses. Remember, higher deposit tiers often unlock more valuable rewards, so take note of the bonus structure and promos to maximise your benefits.

Deposit

When depositing funds, you have several options to choose from. For the fastest results, Singapore bank account holders can use the instant deposit via DDA, which typically takes less than five minutes for your money to reach your investment account.

Alternatively, you can opt for a standard bank transfer, with domestic transfers in SGD usually arriving within five minutes as well. On the other hand, domestic transfers in HKD/USD and international transfers may take slightly longer, usually one to three business days. 

If you prefer to use payment platforms like Wise or BigPay, expect your deposit to arrive within one to three business days. The good news is that Moomoo doesn't impose a minimum deposit, so you have the flexibility to fund your account with any amount you prefer. 

After making a deposit, you can easily check your account statement to confirm the transaction and view your updated balance or see any available rewards.

Withdrawal

When it comes to withdrawing your funds, the processing time depends on several factors, including the withdrawal amount, currency, and the bank account you're sending the money to. For withdrawals to Singapore bank accounts, SGD transfers up to S$200,000 to FAST-supported banks are generally processed within one business day.

However, larger SGD transfers or those to non-FAST banks might take one to three business days. Meanwhile, if you're withdrawing USD or HKD, it typically takes one to two business days for DBS/POSB bank accounts and one to three business days for other banks.

For withdrawals to bank accounts outside of Singapore, the processing time is usually one to three business days for SGD, USD, and HKD.

While Moomoo doesn't charge any withdrawal fees, remember that your bank might have its own charges, especially for international transfers or foreign currency withdrawals. It's also worth noting that exchange rate fluctuations may apply when withdrawing in a currency different from your account's base currency, and your bank might have foreign currency transaction fees. To keep track of your withdrawals or rewards, you can easily check their status within the Moomoo app or website.

Competitive rates

moomoo offers incredibly competitive rates and promotions that can help you maximise your investment returns. For instance, you can enjoy lifetime commission-free trading for US stocks and ETFs, allowing you to invest in some of the world's leading companies without incurring any trading fees. For Singapore stocks, you'll benefit from 1-year commission-free trading, giving you ample time to explore the local market and build your portfolio.

Beginner friendly

If you’re new to investing, moomoo provides a supportive environment to help you get started. The platform is known for its thriving trading community, where users can share investment ideas, discuss market trends, and learn from each other. Aside from offering rewards, moomoo also provides educational resources and a user-friendly interface, making it easy to navigate the platform and make informed investment decisions.

Comprehensive product range

moomoo offers a comprehensive range of investment products to cater to diverse investment goals.  Beyond stocks and ETFs, you can explore mutual funds, bonds, REITs, and even cryptocurrencies, all within a single platform. Whether you're interested in long-term growth, income generation, earning rewards, or exploring new asset classes, moomoo provides the tools and options to achieve your financial objectives.