Moomoo's trading fees are competitive, with a flat fee of $0.01 per share for stocks and ETFs, and a maximum fee of $4.95 per trade for options.
For frequent traders, the per-share fee can add up quickly, especially for high-priced stocks.
Moomoo's account fees are minimal, with no maintenance fees or minimum balance requirements.
You can open a Moomoo account with just $1.
Trading Fees
Moomoo's trading fees are competitive and transparent, especially when it comes to CFD and Forex trading.
The company has adopted a pricing model that ensures low fees for its customers.
For U.S. stocks, the trading fee is remarkably low at $0.0099/share.
A minimum fee of $1.99/order applies, providing a clear and predictable cost for traders.
Canadian stocks enjoy a similar low rate, making it an attractive option for investors in the region.
Account Fees
Moomoo's account fees are relatively low compared to other brokerages.
The platform charges a $0.01 per share fee for trades, which is a flat rate with no markup.
Moomoo doesn't charge any maintenance or inactivity fees, making it a great option for long-term investors.
The platform also offers a $100 cash bonus for new users who deposit at least $100 within 30 days of opening an account.
Funding Fees
Moomoo delineates overnight funding fees transparently, ensuring traders are informed of holding costs.
Moomoo's approach to funding fees is refreshingly straightforward, making it easier for you to understand and manage your trading expenses.
These fees are calculated daily, and you'll be able to see the exact amount deducted from your account each time.
As a trader, it's essential to be aware of these fees to avoid any surprises or unexpected charges.
By being transparent about funding fees, Moomoo empowers you to make informed decisions about your trading activities.
Deposit and Withdrawal
Depositing funds into a moomoo account is free, encouraging traders to fund their accounts as needed without extra charges.
To make a deposit, you'll need to make a net deposit of $1,000 or more to receive 15 free stocks, each worth $2 - $2,000. This offer is available to new and existing customers who meet certain conditions.
Withdrawals are generally free, with the first EFT withdrawal each month being free of charge. Subsequent withdrawals may incur a minimal fee, depending on the method.
Deposit and Withdrawals
Deposits are free, making it easy to fund your account without extra charges. Depositing funds into a moomoo account is free, encouraging traders to fund their accounts as needed without extra charges.
Withdrawals are generally free, with some exceptions. Withdrawals are executed without the imposition of additional fees, enhancing financial accessibility.
The first EFT withdrawal each month is free, but subsequent withdrawals may incur a minimal fee. Withdrawals are generally free, with the first EFT withdrawal each month being free of charge.
To make a deposit and receive a bonus, you need to make a net deposit of $1,000 or more. Make a net deposit of $1,000 or more to receive 15 free stocks, each worth $2 - $2,000.
Currency Conversion
Currency conversion fees are outlined clearly, ensuring traders are not enshrouded in fiscal ambiguity.
These fees are structured on a sliding scale based on the monthly trade value, making it essential for traders to consider when trading in different currencies.
Moomoo Canada charges as low as 0.09%+2 USD, which can add up but is a relatively low fee compared to other platforms.
This fee is a crucial consideration for traders who frequently exchange currencies, as it can impact their overall trading costs.
Moomoo Fees
Moomoo Fees are transparent and competitive, with no account or trading fees. There's no inactivity fee, so you can keep your account open without worrying about charges.
Moomoo charges $0.50 per contract on index options, but that's cheaper compared to others in the industry. You can also trade US-listed stocks, ETFs, and options commission-free.
Here's a breakdown of some of the fees you might encounter:
Moomoo also has some miscellaneous service fees, including $10 per order for ACH returns and $75 per transfer for stock transfers.
Pricing
Moomoo offers commission-free trading on US-listed stocks, ETFs, and options. There are no platform fees, inactivity fees, or minimum investment requirements.
Moomoo charges $0.50 per contract on index options, which is cheaper compared to others in the industry. However, there are a few fees to take note of if you're planning to dip your feet into the global markets.
Here are the commission fees and platform fees for international markets:
Moomoo also has a few miscellaneous service fees, including:
- ACH Transfer: $0
- ACH Return (Deposit): $5 for first deposit; $10 for following deposits
- ACH Return (Withdraw): $10 per order
- Domestic Wire (Incoming): $0
- Domestic Wire (Outgoing): $20
- International Wire (Incoming): $0
- International Wire (Outgoing): $25
- Stock Transfer (Incoming): $0
- Stock Transfer (Outgoing): $75 per transfer
Futures
Moomoo's approach to futures fees is refreshingly transparent.
Moomoo implements a structured fee system for futures, ensuring transparency and competitiveness.
Inactivity
A charge is operational after a predefined period of account inactivity, encouraging regular trading activity.
You'll want to stay active on your account to avoid this fee, as it's designed to motivate you to keep trading.
No deposit fees are imposed, making it convenient to get started.
This fee is a great reminder to regularly check and update your account to avoid any unnecessary charges.
Robinhood Fees
Robinhood Fees are a significant consideration for investors. Robinhood, a popular trading app, offers commission-free trades for stocks, ETFs, options, and cryptocurrencies.
However, there are some hidden fees to be aware of, such as a $5 fee for selling options contracts and a $0.005 fee per contract for options trading.
You might be surprised to learn that Robinhood also charges a $0.000134 per share fee for trading in fractional shares, which can add up quickly.
Robinhood
Robinhood is a popular trading platform that offers a range of features to its users. It has a minimum investment requirement of $0, making it accessible to anyone who wants to start trading.
Robinhood's fees are straightforward, with no management fees for its regular platform. However, users who opt for Robinhood Gold will be charged $5 per month.
The platform offers exposure to cryptocurrency, making it a great option for beginners who want to learn about trading and get started with digital assets. It's also a good choice for those who want to try their hand at trading without committing to a significant amount of money.
One thing to note about Robinhood is that it's best suited for beginners, as it provides a gentle learning curve and a user-friendly interface.
When to Use Robinhood
Robinhood is a top choice for those who want commission-free trading on stocks, ETFs, and options. It's one of the most popular trading apps out there.
Robinhood's user-friendly interface makes it a great option for beginners who want to dip their toes into the world of trading. With its simple and intuitive design, you can easily navigate and start trading right away.
One reason you might prefer Robinhood over other options is that it offers commission-free trading, just like Moomoo. This means you can save money on trading fees and invest more in your portfolio.
Robinhood's popularity is well-deserved, with a large community of users who can provide valuable insights and support.
Investment Platform Fees
Moomoo and Robinhood have more similarities than differences when it comes to fees. Commission-free trading is a major perk of both platforms, allowing you to buy and sell stocks, ETFs, and options without paying a dime in commissions.
This means you can invest in the market without worrying about upfront costs. Both Moomoo and Robinhood offer commission-free trading, making it accessible to many people.
Moomoo might be better suited for intermediate and advanced investors, while Robinhood is more geared towards beginners. However, both platforms can be used by investors of all levels.
Fractional shares are another feature both platforms offer, allowing you to buy just a portion of a share instead of an entire one. For example, if a stock trades at $100 per share, you could buy just a quarter of a share for $25.
Here are the key features of Moomoo and Robinhood's commission-free trading:
- Commission-free trading for stocks, ETFs, and options
- Fractional shares available
- Margin trading option
- After-hours trading available until 8 p.m. ET
Frequently Asked Questions
What are the disadvantages of moomoo?
Moomoo charges a $75 transfer-out fee, but you can potentially avoid it by working with other brokerages that offer free transfers. This fee is a consideration to keep in mind when choosing a brokerage.
Does moomoo have a withdrawal fee?
Moomoo offers free basic withdrawals, but some withdrawal methods may incur additional costs
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