Overview of moomoo fees and charges
When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.
If fees are your top concern, moomoo is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.
I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how moomoo fared:
- moomoo charges low fees for trading stocks and ETFs.
- There is no inactivity fee even if you leave your account idle for a long time.
- The basic withdrawal fee is $0, but some transactions may cost more.
- Read our full review of moomoo for info on safety, trading platforms and funding.
Assets | Fee level | Fee terms |
---|---|---|
US stock fee | Low | $0 per trade plus $0.5 contract fee and regulatory and exchange fees. These fees differ for Canadian users |
EURUSD fee | - | FX not available |
US tech fund fee | - | Not available |
Inactivity fee | Low | No inactivity fee |
Moomoo trading fees are zero in almost all cases. It's also great that the fee structure is transparent and easy to understand.
Commission-free stock and ETF trading
US stock
|
$0.0
|
$0.0
|
$0.0
|
---|
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at moomoo. To check and compare fees at other brokers, go to our main Fee calculator page.
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Low margin rates
USD margin rate
|
6.8%
|
9.7%
|
8.5%
|
---|
Low options commission
US stock index options
|
$5.0
|
$5.5
|
-
|
---|
No inactivity fee, no withdrawal fee
However, both depositing and withdrawing by wire transfer can incur a fee:
- Domestic wire deposits cost $8 unless it's your first deposit or you deposit more than $25,000
- International wire deposits cost $25 unless it's your first deposit or you deposit more than $25,000
- Domestic wire withdrawals cost $25
- International wire withdrawals cost $45
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
moomoo | $0 | |
Webull | $0 | |
Alpaca Trading | $0 |
Interest earned on uninvested cash
As of the time of the review, moomoo provides the following interest rate on uninvested cash:
- 5.1% for USD for all new broker accounts. Existing brokerage accounts must refer a friend to deposit $100+ or deposit $500 themselves to access the higher rate.
Moomoo does not require a minimum account balance to qualify for earning interest on your uninvested cash. Your uninvested cash that the broker moves to program banks as part of the cash sweep program is eligible for FDIC insurance up to $1 million.
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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.