This moomoo review answers the question most people ask first: what does it cost and is it regulated. As at November 2026, moomoo charges a US$0.99 platform fee per US stock order with no commission for eligible clients, and 0.03% commission plus a 0.03% platform fee (each at least S$0.99) on Singapore stocks. It is run by Moomoo Financial Singapore Pte. Ltd., which holds a Capital Markets Services licence from MAS.
Investing can lose money. Share and ETF prices fall as well as rise, and you can get back less than you put in. Nothing here is a suggestion to buy anything.
What moomoo Is
moomoo is a trading app for people who place their own orders. The Singapore entity offers stocks and ETFs in Singapore, the US, Hong Kong, China, Japan and Korea, along with funds, options, futures, leveraged forex and crypto.
It is one of the brokers Singapore finance sites and creators promote most heavily, usually alongside Tiger Brokers, Webull and Longbridge. Popularity is not a reason to choose it. The fees and the custody arrangement are.
MAS Licence and How Your Assets Are Held
The MAS Financial Institutions Directory lists Moomoo Financial Singapore Pte. Ltd. as a Capital Markets Services licensee. Its licence covers dealing in securities, collective investment schemes and derivatives, leveraged foreign exchange, product financing and custodial services. It is also an exempt financial adviser and a Major Payment Institution for digital payment token services.
In the standard moomoo account, your Singapore shares are held in custody by the broker. They are not registered in a Central Depository (CDP) account in your own name. moomoo also offers a CDP-linked account, which is separate and costs more to trade.
Investments are not SDIC-insured. Deposit insurance covers eligible bank deposits only. If prices fall, no scheme makes up the loss.
moomoo Review of Fees (as at November 2026)
All figures are from moomoo SG’s own fee schedule. GST of 9% is added to commission, platform fees and SGX fees.
| Item | Fee |
|---|---|
| US stocks and ETFs: commission | US$0 for eligible clients |
| US stocks and ETFs: platform fee | US$0.99 per order |
| US settlement fee (third party) | US$0.003 per share, capped at 1% of the trade |
| Singapore stocks, ETFs and REITs: commission | 0.03%, minimum S$0.99 per order |
| Singapore stocks, ETFs and REITs: platform fee | 0.03%, minimum S$0.99 per order |
| SGX trading and clearing fees | 0.0075% and 0.0325% of the trade |
| CDP, CPF and SRS accounts | 0.10% commission plus 0.12% platform fee, each minimum S$4.99 |
| Funds | $0 subscription, redemption and platform fee |
| SGD withdrawal | No moomoo fee for FAST transfers up to S$200,000; bank charges may apply above that |
| Corporate actions on Singapore stocks | No moomoo processing fee; third-party charges passed on |
Three things we could not confirm on moomoo’s pages: a currency conversion spread, a custody fee line and an inactivity fee. The pricing page lists none of the last two. For the exchange rate, check the quote in the app before you convert, and compare it with the mid-market rate that day.
moomoo advertises commission waivers and rewards for new clients. They change often and we do not quote them. Compare brokers on the standing fees above.
The short version: moomoo is cheap for small, regular US and Singapore trades, as long as you accept a custody account. Its CDP, CPF and SRS route costs about S$10 a trade before GST.
What a Year of Monthly Buying Costs
Our example: you buy US$2,000 of a US-listed ETF and S$2,000 of an SGX-listed share once a month for 12 months. We assume the ETF trades at US$100, so each order is 20 shares. This is an illustration of fees only. It says nothing about returns.
US order: platform fee US$0.99, plus 9% GST of about US$0.09, plus a settlement fee of US$0.06. That is about US$1.14 an order, or roughly US$13.70 a year.
SGX order: commission S$0.99 and platform fee S$0.99 (0.03% of S$2,000 is S$0.60, so the minimums apply). SGX trading and clearing fees add S$0.80. With GST the order costs about S$3.03, or roughly S$36.40 a year.
On S$24,000 a year going into the SGX share, that is about 0.15% in buying costs. Selling costs the same again, plus a small SEC fee on US sales.
The same SGX order through moomoo’s CDP account would cost S$9.98 in commission and platform fee, S$0.80 in SGX fees and GST, about S$11.75. Over 12 orders that is about S$141.
Currency conversion is extra. You need US dollars to buy the ETF, and the rate you get is a real cost that we could not put a number on from moomoo’s published pages.
Funding, CPF and SRS
You fund the account by bank transfer in Singapore dollars. moomoo says it does not charge for domestic SGD transfers, though your bank may.
The fee schedule lists CPF and SRS accounts alongside the CDP account, at the higher rate shown in the table. CPF investing has its own conditions, including the amount you must leave in your Ordinary Account. Our CPF Investment Scheme explainer and SRS guide set those out. Check with moomoo which agent banks and counters are supported before you plan around it.
Drawbacks and Alternatives
- Custody, not CDP, at the low rate. If you want shares in your own name at CDP, moomoo’s cheap rate does not apply.
- Two fees per Singapore trade. A 0.03% headline hides two S$0.99 minimums. Small orders pay far more than 0.03%.
- The app pushes activity. Options, futures, leveraged forex, margin and crypto sit one tap away. These products can lose money quickly, and with leverage you can lose more than you deposited. They are not needed for long-term investing.
- FX cost is not published as a simple percentage.
Who moomoo does not suit
It is a poor fit if you want your SGX shares at CDP, if you want someone to build and rebalance a portfolio for you, or if a busy trading screen tempts you to trade more than you planned. It is also not the cheapest way to use CPF money for shares.
Alternatives to compare
- Webull lists no commission or platform fee on US stocks and a lower SGX minimum.
- Interactive Brokers charges no custody fee and publishes its currency conversion cost.
- POEMS offers a CDP-linked account and a long-established local broker.
- If you would rather not pick shares, see our comparison of robo-advisers.
The wider picture is in our guide to the best investment platforms in Singapore.
What To Do Next
- Look up Moomoo Financial Singapore in the MAS Financial Institutions Directory and read the licence entry yourself.
- Open moomoo’s fee schedule and price your own typical order, including GST and the SGX fees.
- Decide whether you want custody or CDP before you open any account.
- Use our compound interest calculator to see how a yearly fee drag adds up over 10 or 20 years.
