Moomoo Fees Explained: What You Actually Pay in 2026

"Commission-free" describes one line on a fee schedule. This page walks the rest of it, in the order you are likely to meet each charge.

The full list of chargeable events

Every figure below needs checking against your own account before you rely on it. Published third-party numbers for Moomoo's wire fees disagree with Moomoo's own help centre, which is a good reminder that fee schedules change more often than review sites update.

The fee most people meet first: options

Moomoo charges no commission and no contract fee on equity and ETF options. What you pay is the stack of pass-through fees that every broker collects on behalf of someone else:

Those pass-throughs are also where identical headline pricing stops being identical. Webull charges $0 commission too, but its Options Regulatory Fee is $0.02 per contract against Moomoo's $0.013, which makes a Webull contract about 18% more expensive to trade. On single contracts this is invisible; across a few hundred a month it is real.

So a ten-contract round trip on Moomoo costs roughly eighty cents in fees. Do that twice a month and you are paying under $20 a year to trade options — against $6.50 a year at a broker charging $0.65 per contract for the same volume. This is the clearest place Moomoo's pricing actually beats the big names rather than matching them.

One exception matters. Index options carry a $0.50 per-contract fee that Moomoo charges itself, plus exchange proprietary fees that vary by product. That is not a Moomoo penalty — Webull charges the same $0.50, and Robinhood charges $0.50 without Gold and $0.35 with it. If you trade SPX rather than SPY, the free-options advantage disappears at all three. If you are new to this, our options crash course covers the mechanics before the pricing.

Getting money out

ACH deposits and withdrawals are free, and so is transferring stock positions in. Wires are fast and cost real money, and Moomoo's own fee schedule adds a warning worth reading twice: fees charged by the originating, intermediary, or recipient bank may apply on top of Moomoo's own. A wire quoted at one number can arrive light by considerably more.

Moomoo's own share of the cost is modest: $20 to a US bank, $25 to a foreign one. What makes wires expensive is everything stacked on top. Moomoo's help centre estimates the realistic all-in total at $30–50 domestically and $50–70 internationally, and tells you plainly to build the fees into the amount you send rather than discovering them on arrival.

The practical rule: use ACH unless you need the money inside two days. A $50 international wire fee on a $500 withdrawal is a 10% haircut. We cover the timings and the settlement wait in how to withdraw money from Moomoo.

The fee nobody thinks about until they leave

Transferring stock out of Moomoo costs $75, and the wording in Moomoo's help centre matters: the fee applies "each time you request to transfer stocks" out. Move half your holdings now and the rest in three months and you have paid $150, not $75. That puts Moomoo between Webull at $75 and Robinhood at $100, all three of which charge on partial transfers as well as full ones.

This is worth knowing before you open, not after. If you suspect Moomoo is a trial rather than a permanent home, the exit fee is part of the trial's cost — and the way to keep it to one charge is to move everything at once. Our guide to closing a brokerage account for free covers the ways around it.

How this compares

Against the two brokers Moomoo is usually weighed against, the shape of the pricing is similar and the details differ.

The honest conclusion is that none of these three wins on headline pricing, because all three are at zero. The differences show up in options volume, margin rates and what it costs to leave. Our Moomoo vs. Robinhood comparison weighs the rest of the account.

Margin is where Moomoo is genuinely cheap

Moomoo's margin rate is 6.8% on debit balances up to $25,000, and it is the one number on the fee schedule that is not simply matching the rest of the industry. Moomoo publishes its own comparison against four competitors, which is worth reading with the usual caution about a company grading itself:

Competitor rates collected by Moomoo from published sources on 7 February 2025. Check current rates before relying on the gap.

One absence in that table is worth naming. Robinhood publishes 5% on margin balances up to $50,000 — below Moomoo's 6.8% — and does not appear in Moomoo's comparison. Interactive Brokers Lite sits at 6.14%, also below. Moomoo's rate is genuinely good against the large incumbents, which all cluster near 11.8% to 12.5%; it is not the cheapest available.

Two things about that table. The competitor figures are more than a year old at the time of writing, and margin rates move — so the spread may be narrower or wider now than Moomoo's page suggests. But a gap of five points against the large brokers is too wide to have closed entirely, and on a $10,000 balance held for a year the difference between 6.8% and 12.575% is about $578.

Webull is the closest comparison and the most instructive one. Its 8.74% is flat at every balance tier, from $1,000 to $25 million, so borrowing more never gets cheaper. Webull does undercut Moomoo — 5.20% under $25,000, dropping to 3.90% at the top — but only on its Premium tier at $3.99 a month. On a small balance that subscription costs more than the rate saves: $48 a year against roughly $35 saved on a $1,000 loan. Moomoo's 6.8% needs no subscription.

Moomoo publishes 6.8% as the rate on balances up to $25,000 and advertises rates "as low as 6.8%", which means 6.8% is the floor rather than an entry rate — borrowing more does not get cheaper, unlike the tiered schedules at Webull Premium or Interactive Brokers. Moomoo does not publish its higher tiers as text, so check the schedule in the app if you expect to carry a balance above $25,000.

Using margin at all requires a $2,000 minimum deposit, and the usual caution applies: a cheap loan is still a loan you repay whatever the position does. Our guide to margin on Moomoo covers the mechanics and the margin call.

The charge that is a threshold instead

Level 2 quotes are the one thing Moomoo gates rather than prices. They are free, but only for accounts holding a 30-day average value of $100 or more. Fund the account below that and the depth-of-book data most people came for is switched off. Our Moomoo vs. Webull comparison covers what the data actually shows.

What "commission-free" leaves out

Zero commission does not mean zero cost, and the gap is not a scandal — it is how the business works. Brokers earn from order flow, margin lending, cash sweep spreads and securities lending. Moomoo's cash sweep programme is a good example: you get a yield on idle cash, and the broker keeps the difference between that and what it earns.

The number that matters for most beginners is not any single fee. It is whether you are trading often enough for per-contract and per-transfer charges to add up. If you buy a few ETFs a month and leave them alone, Moomoo genuinely costs you almost nothing.

Before you open an account

Check the fee schedule inside the app rather than on a review site, including this one. Screenshot it on the day you open. Every figure on this page is dated, and fee schedules move.

Moomoo Financial Inc. is a FINRA and SIPC member, which you can confirm yourself on BrokerCheck — worth two minutes with any broker you have not used before.