moomoo Singapore Review 2026: Is It Worth Opening an Account?
Table of Contents
moomoo is the broker most Singapore investors compare with Webull. It charges no commission on US stocks, gives you a custodian or CDP route for Singapore shares, and opens up markets from Japan to China A-shares.
It also has a catch that every comparison finds: a US$0.99 platform fee on each US order, and no London-listed ETFs.
I went through the fees, markets, safety, tools and the current referral rewards, and set moomoo against Webull. Here is the honest verdict.
→ See the moomoo referral rewards
moomoo at a Glance
| Factor | Rating |
|---|---|
| US stock costs | ⭐⭐⭐⭐ 4.0/5 |
| SGX costs and CDP access | ⭐⭐⭐⭐ 4.2/5 |
| Market and product range | ⭐⭐⭐⭐⭐ 4.6/5 |
| Platform and research tools | ⭐⭐⭐⭐⭐ 4.5/5 |
| Safety and regulation | ⭐⭐⭐⭐ 4.0/5 |
| Missing features (no London ETFs, CPF or SRS) | ⭐⭐⭐ 3.2/5 |
| Best for | Active investors who want many markets, CDP linkage and strong tools |
| Not ideal for | Buy-and-hold ETF investors who want London ETFs, CPF or SRS |
| Minimum deposit | None (the sign-up rewards need S$3,000 or more) |
| Account fees | No maintenance or inactivity fees |
| Overall rating | ⭐⭐⭐⭐ 4.2 / 5 |
→ Open a moomoo account through the referral link
What Is moomoo Singapore?
moomoo Singapore is run by Moomoo Financial Singapore Pte. Ltd., which holds a Capital Markets Services licence from the Monetary Authority of Singapore. Its parent, Futu Holdings, is listed on Nasdaq.
You can trade stocks, ETFs and REITs in Singapore, the US, Hong Kong, China A-shares, Japan and Korea, plus options, futures, funds and fractional US shares. There is no minimum deposit and no account maintenance or inactivity fee, according to Beansprout’s August 2026 review.
The honest caveat: moomoo is a broker, not a bank. Client assets are not covered by SDIC deposit insurance, and investments can lose value.
moomoo Fees in 2026
| Product | Commission | Other fees |
|---|---|---|
| US stocks and ETFs | US$0 | US$0.99 platform fee per order |
| US fractional shares | US$0 | 0.99% of the amount, capped at US$0.99 |
| Singapore stocks (custodian, new clients, first year) | 0% | 0.03% platform fee, minimum S$0.99 |
| Singapore stocks (custodian, after year one) | 0.03% | 0.03% platform fee, about S$1.98 minimum combined |
| Singapore stocks (CDP linkage) | 0.10%, minimum S$4.99 | 0.12% platform fee, minimum S$4.99, plus SGX fees |
| US options | US$0.65 per contract | US$0.30 per contract, minimum US$0.99 per order |
| Japan stocks | 0.08%, minimum 80 yen | 180 yen per order |
| Hong Kong stocks | 0.03%, minimum HK$3 | HK$15 per order |
| Funds | Subscription and redemption free | No platform fee |
Fees are from moomoo’s pricing page and Beansprout, and exclude exchange fees, taxes and GST. The pricing page lists both a commission-free promotion and a 0.10% CDP commission without explaining how they interact, so check the live page before you trade.
What That Costs in Practice
If you buy US stocks once a month, the platform fee is about US$11.88 a year. Buying weekly makes it about US$51.48. That is small for an active trader and noticeable for someone investing S$100 at a time. Our Webull vs moomoo comparison shows how that compares with Webull’s US$0 platform fee.
Hidden Costs to Know About
The US$0.99 fee. It applies per order, not per share, so fewer larger orders cost less than many small ones.
CDP trades cost more. Holding Singapore shares in your own CDP account costs at least S$9.98 a trade in commission and platform fee combined, per the pricing page.
The commission-free period ends. Singapore commission is free for the first year for eligible new clients, then 0.03%.
Core Features: What moomoo Actually Does
Many Markets in One App
Singapore, the US, Hong Kong, China A-shares, Japan and Korea, plus options and futures. For investors who want Asian markets, that is hard to match among Singapore brokers.
CDP Linkage for Singapore Shares
You can hold Singapore shares in your own CDP account. The fees are higher, but some investors prefer the extra layer of ownership. Funds from a CDP-linked account do not count toward the sign-up deposit rewards.
Cash Plus and Fractional Shares
moomoo Cash Plus invests idle cash in selected money market funds, with no subscription or redemption fee. It also offers fractional US shares and regular savings plans. Fund yields change and are not guaranteed.
Research and Tools
Level 2 US market data, news, paper trading, TradingView integration and moomoo’s AI tools make it one of the best-equipped apps for research.
The Honest Assessment: What Holds Up and What Does Not
The range holds up. Few Singapore brokers give you Japan, Korea, China A-shares and options in one app.
The tools hold up. The research and charting are strong for a free app.
The US fee is the main drawback. US$0.99 an order adds up for small, frequent buyers.
Missing features matter for ETF investors. moomoo cannot trade London-listed ETFs such as CSPX or VWRA, and it does not support CPF or SRS investing.
It is not a bank. There is no SDIC cover. Check the licence, and do not keep more than you need on any broker.
moomoo vs Webull
| Factor | moomoo | Webull |
|---|---|---|
| US platform fee | US$0.99 per order | US$0 |
| SGX in your own CDP account | Yes, at higher fees | Not offered |
| Japan and Korea stocks | Yes | Japan not offered |
| London ETFs, CPF, SRS | No | No |
| Tools and research | Very strong | Strong |
See the full Webull vs moomoo comparison and our Webull review.
Choose moomoo if you want CDP linkage, Asian markets or the best research tools.
Choose Webull if you mainly buy US stocks regularly and want the lowest per-order cost.
Who Should Use moomoo
moomoo is a strong fit if:
- You trade Singapore, US or Asian stocks actively.
- You want your SGX shares in your own CDP account.
- You like research tools and charting.
- You can place fewer, larger US orders.
moomoo is not a strong fit if:
- You want London-listed ETFs.
- You want to invest CPF or SRS money.
- You invest tiny amounts very often in US stocks.
- You want SDIC protection.
Is moomoo Worth It in 2026?
For active investors, yes. The market range, tools and CDP option are strong, and the rewards add value for new clients. For buy-and-hold ETF investors who want London ETFs or CPF, no. A different broker fits better.
Sign-up offer: through the DLCuration referral code LWJ2S9EM, new Singapore residents get Welcome Rewards when they net-deposit at least S$3,000 within 30 days of the first deposit. For example, S$3,000 held 30 days gives S$20 in NVIDIA fractional shares plus S$40 in coupons, and S$10,000 held 90 days gives S$120 in NVIDIA shares plus S$80 in coupons. Higher tiers go up to S$1,040 for S$500,000. There is also an Anthropic share reward for a S$3,000 deposit held 60 days, and transfer-in rewards for moving shares from another broker. Set up the referral before your first deposit. The programme ends on 30 November 2026, and moomoo can change or end promotions at any time. Read the referral page for every tier and condition.
→ Get the moomoo welcome rewards
Frequently Asked Questions
Is moomoo safe in Singapore?
moomoo Singapore is licensed by the MAS and owned by Nasdaq-listed Futu. But it is a broker, not a bank, so SDIC deposit insurance does not apply.
What are moomoo’s fees?
US stocks have US$0 commission and a US$0.99 platform fee per order. Singapore stocks have no commission for the first year for eligible new clients, then 0.03%, plus a 0.03% platform fee.
Does moomoo support CDP?
Yes. You can hold Singapore shares in your own CDP account, but trades cost at least S$9.98 in commission and platform fee combined.
Can I buy London ETFs like CSPX on moomoo?
No. moomoo does not trade London-listed ETFs, and it does not support CPF or SRS investing.
Is moomoo better than Webull?
For regular US buying, Webull is cheaper because it charges no platform fee. For CDP, Japan and research tools, moomoo is stronger.
What is the minimum deposit for moomoo?
There is none to open an account. The sign-up rewards need a net deposit of at least S$3,000.
Final Verdict
moomoo earns 4.2 out of 5 stars.
It earns its marks for market range, research tools, CDP linkage and low commissions. For active investors, it is one of the strongest brokers in Singapore.
The deductions come from the US$0.99 fee on every US order, the missing London ETFs, CPF and SRS, and the lack of deposit insurance.
Open it if you trade actively or want CDP. If you only buy ETFs, check a broker that supports your ETFs first.
→ Open moomoo through the referral link
Which broker do you use for US stocks, and what made you choose it? Tell me in the comments.
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