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Non-trading fees at moomoo

Your expert
Krisztián G.
Fact checked by
Tamás D.
Updated
Sep 2024
Personally tested
Data-driven
Independent

moomoo non-trading fees as of September 2024

My key findings in a nutshell
Krisztián
Krisztián Gátonyi
Forex • Market Analysis • Stock Market

I've thoroughly tested moomoo services with our analyst team by opening a real-money account and these are my most important findings:

  • Non-trading fees at moomoo are considered to be low overall
  • Apart from trading fees, online brokerages usually charge non-trading fees as well
  • Inactivity and custody fees are the most important non-trading fees for long-term stock investors

You can find all the non-trading fees charged by moomoo in the table below.

moomoo non-trading fees
Non-trading fee category Fee amount
Inactivity fee No inactivity fee
Custody fee No custody fee, except for ADRs
Conversion fee For US clients, only USD-denominated assets are available
Account fee No account fee for US stocks, but HK$ 15 per order for Hong Kong stocks
Withdrawal fee ACH is free, while domestic wire transfer costs $30 and international wire transfer costs $50
Deposit fee Free ACH deposit, but wire transfers can cost $8-$25

Data updated on September 27, 2024

At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.

Overall score
4.6/5
Minimum deposit
$0
Stock fee
Low
Options fee
Low
Inactivity fee
no
Account opening
1-3 days

What are non-trading fees and when are they charged?

Brokerage services are rarely completely free, and what you pay your broker can make a big difference in your investment results. Trading fees - such as the commission on a simple stock trade - are usually fairly straightforward, but there may be other fees lurking in the background. If you're a long-term stock investor, the following so-called non-trading fees are worth your attention:

  • Inactivity fees are charged by some brokers if you don't use your account for an extended period; it's typically only a few dollars per month but can be higher sometimes
  • Some brokers charge a custody fee for the safekeeping of your stock, ETF or bond investments; this is usually a very small percentage of the value of your current holdings

Other non-trading fees you may encounter include conversion fees (if your account and the stock you're buying are in a different currency), and withdrawal fees (for taking money out of your brokerage account). Thankfully, the vast majority of brokers no longer charge deposit fees (for putting money in your account) or account fees (just for maintaining your account).

To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

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.

author
Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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