A detailed guide to all relevant fees for stock trading at moomoo
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It's great that you are interested in stock trading at moomoo. When looking for a stockbroker, one of the most important aspects are fees. However, sometimes it can be a daunting task to pay attention to all the relevant fees and it can be frustrating to pay for some fees you didn't even know existed. Don't worry, we are here to help you with that.
We at BrokerChooser test brokers' services with a live account and real money, so our knowledge is based on our first-hand experience.
In this article, we are going to walk you through all the fees that are relevant for stock trading at moomoo.
THE ESSENCE:
- Fees are extremely important when choosing a broker for stock trading
- moomoo's stock and ETF trading fees are low
- Pay attention to less obvious fees like conversion fees
- Visit moomoo's site if you need more information about fees
- moomoo is a reliable broker regulated by at least one top-tier regulator
First, let's see if moomoo is available in your country
moomoo stock trading relevant fees
What are stock/ETF trading fees at moomoo?
Stock and ETF trading fees are the commissions charged by a broker when you trade stocks or ETFs. At moomoo, these commissions are low.
The following table shows the trading fees of a few popular stocks at moomoo. In these examples, a trade would mean buying a $2,000 position, holding it for one week, then selling it.
| Asset | Fee |
|---|---|
| Apple benchmark fee | $0.3 |
| Vodafone benchmark fee | - |
moomoo stock trading relevant fees
What is the deposit fee at moomoo?
When adding funds to your moomoo account, you will not be charged any deposit fee. This means, that the full deposit amount will be available in your account. However, keep in mind that conversion fees may apply; we'll explain these later in the article.
moomoo stock trading relevant fees
What is the withdrawal fee at moomoo?
moomoo does not charge any fees for withdrawing funds. This means that you will receive the full requested withdrawal amount. However, conversion fees may apply, as they do in the case of deposits.
moomoo stock trading relevant fees
What are conversion fees at moomoo?
Conversion fees may occur when you deposit funds into your moomoo account in a currency other than the base currency of your account, or when trading an asset denominated in a different currency. You can find further details about conversion fees on moomoo's website.
moomoo stock trading relevant fees
Is there a custody fee at moomoo?
Custody fees at brokerages are charged for holding positions in certain types of assets, usually stocks, ETFs or bonds.
At moomoo, no custody fee is charged. This means that you don't have to pay any extra fees for simply holding your positions.
moomoo stock trading relevant fees
Does moomoo have an account fee?
An account fee is typically charged to cover the expenses of maintaining and administering an account. It is often a fixed amount and is charged regularly; most often monthly or quarterly.
At moomoo, there is no account fee, which means that you won't be charged by the broker for the maintenance of your account.
moomoo stock trading relevant fees
Does moomoo have an inactivity fee?
The inactivity fee is usually flat fee that is charged if an account is not active for a certain period of time. It is typically charged on a regular basis, usually monthly or quarterly.
moomoo does not charge an inactivity fee, meaning that you don't have to pay a fee for not using your account.
moomoo stock trading relevant fees
Wrap-up
Making sense of brokerage fees can be frustrating, so we hope that you found this guide useful. Keeping all of these fee types in mind should help you pick the right broker and make trading decisions more confidently.
We believe you are on the right track now, but if you still have any questions or suggestions, drop us an email at [email protected] and we will get back to you soon.
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