Moomoo Fractional Shares Investing Made Easy

Moomoo offers fractional shares investing, which means you can buy a portion of a stock rather than a whole one.

This feature is especially useful for beginners or those with limited budgets, as it allows you to invest in the stock market without breaking the bank.

With fractional shares, you can invest as little as $1 in a stock, making it more accessible to a wider range of investors.

You can also use this feature to diversify your portfolio by investing small amounts in multiple stocks.

Fractional shares allow investors to buy portions of a company's stock, rather than whole shares. This flexibility can help manage investment strategies and allocations with greater ease.

Investors can allocate any amount of money to specific stocks or ETFs, rather than being restricted to whole shares. This is especially useful for those who want to invest smaller amounts or try out new stocks without committing to a full share.

Investors retain the same benefits as full equity stock shares, including dividends and capital gains, proportionate to the size of the fractional share owned.

Fractional shares allow investors to buy portions of a company's stock, rather than just whole shares. This gives them more flexibility in managing their investment strategies.

Investors can invest in fractional shares based on a dollar amount, rather than the number of shares. This means they can allocate any amount of money to specific stocks or ETFs.

Fractional shares offer the same benefits as full equity stock shares, including dividends and capital gains, proportionate to the size of the fractional share owned.

Fractional share trading offers several benefits to investors. One of the main advantages is affordability, which allows investors to buy a portion of a stock based on a dollar amount, making expensive stocks more accessible.

By owning fractional shares, investors can diversify their portfolios with limited funds, spreading their investments across multiple companies. This approach helps to minimize risk and increase potential returns.

Fractional shares democratize investing by allowing investors with small budgets to participate in the stock market. Whether you have a small or large budget, fractional shares provide an opportunity to invest in companies you believe in.

However, fractional share trading also has some drawbacks. One of the main cons is that it can be difficult to track and manage a portfolio of fractional shares.

Fractional trading is a great way to invest in the stock market, but it's essential to understand the rules.

Certain US stocks and ETFs support fractional trading, which allows you to buy a portion of a share.

Fractional trading hours are from 9:30 AM to 4:00 PM ET, or 9:30 AM to 1:00 PM ET for half-day trading.

Only day orders are supported, and attached orders or short selling are not allowed.

The minimum order size for fractional trading is 0.0001 shares, and a minimum buy order amount of $5 is required.

Once an order for fractional shares has been submitted, the quantity of that order cannot be modified.

It's not possible to change whole share orders to fractional shares orders.

Editing the price of a limit order for fractional shares is supported after submission and before the order is fully executed or closed.

Moomoo MY charges a platform fee of $0.99 per order, which is designed to support the company's research and development. This fee is charged by Moomoo MY and is in US dollars.

The platform fee is charged once per order, regardless of how many trades it takes to fill the order. If you place a Good-Til-Canceled order, the platform fee will be settled according to the trading day, with transactions on the same day counted as one order and transactions on different days counted as separate orders.

Here's a breakdown of the platform fees and other charges you may incur:

Commission fees can be a significant aspect of your trading experience. The commission fee charged by Moomoo MY is 0.03% of the transaction amount.

The commission fee is charged in USD. This means you'll need to consider the exchange rate if you're trading in a different currency.

Moomoo MY is the entity responsible for charging this commission fee.

Other fees can be a bit confusing, but let's break them down. There are several types of fees you might encounter, including Stamp Duty, Settlement Fees, SEC Fees, Trading Activity Fees, and ADR Custodian Fees.

Stamp Duty is charged by the Government of Malaysia at a rate of RM1.00 for every RM1,000 (or fractional part) of the transaction amount, with a maximum of RM200 or 1,000 per trade.

Settlement Fees are charged by the U.S. Settlement Agency and other entities at a rate of $0.003 per share, with a maximum of 1% of the trade amount.

SEC Fees are charged by the SEC on sell transactions only, at a rate of $0.0000278 times the transaction amount, with a minimum of $0.01 per trade.

Trading Activity Fees, also known as TAF, are charged by FINRA on sell transactions only, at a rate of $0.000166 per share, with a minimum of $0.01 per trade and a maximum of $8.30 per trade.

ADR Custodian Fees are charged by DTC at a rate of $0.01 to $0.05 per share.

Here's a summary of these fees in a table: