moomoo powered by Futu new user referral promotion

Futu Singapore is a One-Stop Investment Platform

Good news!

The rewards for ‘Moo-ve with us at Jay Chou’s Singapore Concert’ and ‘moomoo Welcome Rewards – April to June 2022’ campaigns shared below stack with each other.

BONUS: after you have opened your account, you can also take part in the referral program (till 31 July 2022, 10:00 SGT) to earn 1 NIO share, and 90 days unlimited commission-free trading card for HK & SG stock market.

Moo-ve with us at Jay Chou’s Singapore Concert

Campaign period: 13 June 2022 at 20:00 SGT to 30 June 2022 at 23:59 SGT

(1): Deposit Reward (IMPT! Only first deposit taken into consideration)

  • SGD 30 cash coupon upon initial deposit of at least SGD1,000.
  • this reward is exclusive to the referral links on this page.
  • to stack with the welcome rewards campaign, deposit at least SGD$2,700

(2): Jay Chou’s Carnival World Tour - Singapore Concert tickets

  • form a team with another moomoo user on the campaign page.
  • redeem a pair of tickets (worth S$600+) when 10 new users have been referred successfully.
  • each team can redeem up to 2 pairs of tickets.

Do read the full terms and conditions in detail.

moomoo Welcome Rewards – April to June 2022

Campaign period: 13 April 2022 at 10:00 SGT to 30 June 2022 at 09:59 SGT

If you do not have an account yet, open your account via this referral link, and fulfill the terms and conditions to receive the following welcome benefits.

(1): Successfully open a FUTU SG Securities Account:

  • Lifetime commission-free trading for US stock market
  • 1-year free platform fee for US stock market
  • SGD 10 Stock Cash Coupon
  • SGD 30 Fund Cash Coupon
  • Free access to Lvl 2 Market Data for the US stock market
  • Free access to Lvl 1 Market Data for the SG stock market
  • Free access to Lvl 1 Market Data for China A Shares market

(2): Deposit Reward (IMPT! Only first deposit taken into consideration)

  • deposit SGD 2,700 and above:
    • 1 chance to spin the wheel and receive one FREE share
      • top prize is Tesla (TSLA), trading at around US$662 on 14 June 2022

Do read the full terms and conditions in detail.

Table of Contents

About moomoo

moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology.

Is the platform called moomoo or Futu???

Futu Singapore Pte. Ltd is a company licensed and regulated by the Monetary Authority of Singapore (MAS) while moomoo is the name of the trading platform.

Corporate background

Futu Singapore’s parent company, Futu Holdings Limited, is listed on NASDAQ and backed by world-class investors which include venture capital affiliates of Tencent, Sequoia Capital and Matrix Partners.

Their strong financial strength supports the enticing benefits they are offering to attract new traders.

Regional expansion plans

moomoo launched in Singapore in early 2021, and have already reached the milestone of 100,000 paying customers in June 2021.

With Singapore as the regional headquarters, they have plans to expand to other countries like Malaysia, Thailand and Vietnam etc.

Monetary Authority of Singapore (MAS) License

Futu Singapore Pte. Ltd. (“Futu SG”) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).

In February 2022, Futu Singapore announced that it has received the exempt financial adviser status from the MAS, and can soon start to provide financial advisory services on investment products, promoting analyses and reports on them.

Markets supported

Trading is currently supported in the Hong Kong, Singapore and US markets.

Reasons to make moomoo your preferred trading platform

1. Reliability

Apart from being regulated by Monetary Authority of Singapore, U.S. Securities in your account is protected up to USD $500,000 by Securities Investor Protection Corporation (SIPC). Explanatory brochure available upon request or at

2. Low trading fees | Zero commission for US market FOREVER!

The platform offers some of the lowest fees and trading minimums in Singapore. moomoo is fully transparent with their charges, which is presented clearly in their fees schedule:

Please note that apart from the commission, trades have platform and regulatory fee components too.

These are payable even during the commission free period. For example, a trade in the Singapore stock in market would still incur:

  • Platform Fees: 0.03% of transaction amount, minimum SGD 1.50 (payable to Futu)
  • Trading fee: 0.0075% of transaction amount (payable to SGX)
  • Clearing Fee: 0.0325% of transaction amount (payable to SGX)

In April 2022, moomoo announced:

“Zero Commission on US Stocks FOREVER, FOR ALL”

This makes moomoo the 1st global trading platform in Singapore to offer zero commission forever on US trade for everyone.

To celebrate this announcement, moomoo is also waiving all platform fees trades in the US stock market for 1 year.

Even though there is zero commission for the US market, other charges are still applicable. For more details, please refer to the full fee schedule.

For example, settlement fee ($0.003/share), can be quite significant when trading penny stocks. On 23 May 2022, moomoo announced settlement fee would be capped at 1% of the transaction amount.

Check out the fees comparison vs other popular brokerages:

Comparing 1 AAPL share trade versus other brokerages
Comparing 1 AAPL share trade versus other brokerages

3. Rich knowledge base, 24/7 financial news, live events and vibrant user community

moomoo aims to be making investing easier whether you are a seasoned investor or a novice.

The platform offers a wide array of powerful, in-depth and customised analytical tools with its growing community of investors.

There are also podcasts and courses where you can learn about topics like:

  • Stock fundamentals
  • Understanding how options work and reading options tables
  • IPO investing
  • ETF strategies
  • The federal reserve
  • Economic indicators
If you are lazy to read the articles and prefer to listen, the moomoo app can even read out articles. I typically set the playback speed to 1.25x.

There is an active community of investors sharing trade ideas and you can 'follow' them to get latest updates.

There is also a 'Moo Picks' section in the app where you can get curated market headlines.

Another point to highlight is that moomoo also broadcasts conference earning calls and sponsors live events.

moomoo is a proud sponsor of the 2021 Berkshire Hathaway Annual Shareholders Meeting on Yahoo Finance (01 May 2021)
moomoo is a proud sponsor of the 2021 Berkshire Hathaway Annual Shareholders Meeting on Yahoo Finance (01 May 2021)
app notification about upcoming Berkshire Hathaway Annual Shareholders Meeting
Android app notification about upcoming Berkshire Hathaway Annual Shareholders Meeting
app notification about Apple Earnings Conference Call
Android app notification about Apple Earnings Conference Call

4. No custodian fees

There are no custodian fees charged by Futu to hold your portfolio.

5. “Money Plus” Fund Platform

moomoo’s “Money Plus” fund platform can be found under the “Money Plus” tab in the moomoo app. This feature provides one-stop access to 60+ funds (equity, bond, dividend, or balanced funds) from 20+ asset managers.

Reasons to consider investing in funds include:

  • Low start-up cost: Initial investments start as low as US$100. Mutual funds enable individual investors to participate in investments that may only be available to big investors previously.
  • Professional Management: One of the key advantage of mutual funds is that they are managed and operated by a fund manager. These fund managers have strong financial background coupled with rich investment knowledge and experiences.
  • Diversification: mutual funds allows one to invest in different asset classes such as equity, gold, and debt.
  • Liquidity: Investors can liquidate their investment into cash easily by redeeming part of the whole fund securities.
  • Safety: In the US market, mutual funds are under stricter regulation than other pooled investment vehicles. These funds must comply with at least three federal legislation and are closely monitored by the SEC. This protects the interests of the investors to a large extent.

There is a special campaign open to all moomoo users to promote the “Money Plus” fund platform

Campaign period: valid till 30 March 2022, 2359 SGT

Get rewarded when you complete the Fund-related tasks!

  1. Learn about moomoo’s Money Plus and watch the explore page to get a 3-day 15% fund coupon and 800 moomoo rewards points.
  2. Set up an automatic investment plan to get a 3-day 15% fund coupon and a SGD 8.80 cashback coupon.
  3. Subscribe to a non-MMF fund above SGD 100 to get a 3-day 15% fund coupon and a SGD 8.80 stock cash coupon.
  4. After completing all the tasks, users can unlock an exclusive gift package and this is inclusive of a 3-day 15% fund coupons, 1,500 moomoo rewards points, and a SGD 18 fund cashback coupon.

Terms and conditions apply. Find out more in the moomoo trading app under the Money Fund’s tab!

6. Good support

Customer helpdesk

I had a pleasant experience seeking help from the customer support department. There was a waiting queue but when it was my turn, the CSO was very helpful towards my queries.

How to get help?

Step 1: In 'Me' tab within moomoo app, tap 'Help Center'.

Step 1: `'Help Center'`

Step 2: Select 'Online service' from the bottom left of the screen.

Step 2: `'Online Service'`

7. First online brokerage to receive approvals-in-principle for all SGX memberships

Moomoo is the first online brokerage to receive approvals-in-principle for all SGX memberships

We are poised to become the first full-service digital investment superapp to help you make smarter, better investment decisions.

Less than a year since entering the Singapore market, Futu Singapore announced in February 2022 that it is the first online brokerage to receive approvals-in-principle for all SGX memberships, which includes full trading and clearing memberships for securities and derivatives in Singapore.

This means clients will soon benefit from an expansion of service offerings and enhanced user experience from the moomoo investment platform.

8. Extended Trading Hours at no additional cost

Stock exchanges such as the NASDAQ or NYSE are typically open from 9:30 am to 4 pm EST. Trading during extended hours has traditionally been available only to high net worth individuals.

With moomoo’s extended trading hours of an additional 9.5 hours, anyone can make a trade between 4 am - 8pm EST, similar to a trade during standard trading hours.

This feature is at no additional cost and is especially useful when companies announce earnings after market closes or when activities in foreign markets impact U.S. stock prices.

Video tutorials

There is an official moomoo Singapore Youtube channel that you can subscribe to for video tutorials on the various features of the platform.

Listed below are some useful videos.

Account set up




Getting Help

My onboarding experience

Which app should I be downloading?

There are two apps, namely moomoo and Futubull.

The moomoo app logo is a stylish bull
The moomoo app logo is a stylish bull

In Singapore, we should be using moomoo which is the international version of Futubull and is specifically designed for overseas investors and provide global investment services.

Futubull is meant for customers in Greater China Region.

Opening an account video tutorial

Here are some video tutorials from the official Youtube channel called moomoosingapore

For Singaporeans and PRs:

For foreigners residing in Singapore & Others:

Account opening wait time

[1st Feb 2021 1:59pm] Submitted my account opening information via SingPass MyInfo and received email acknowledgement.

moomoo application received
moomoo by Futu SG application received

[1st Feb 2021 2:11pm] Received email that my account was opened successfully.

moomoo account approved
moomoo by Futu SG account approved

Depositing funds

There are currently two ways of depositing funds:

  • Instant Deposit via Direct Debit Authorisation (DDA)
  • Bank Transfer

Option 1: Direct Debit Authorisation (DDA)

I strongly recommend choosing the DDA option if you have a DBS/POSB account. Linking up only takes 1 minute.

Option 2: Bank Transfers

When I first started my account, the DDA option was not available. In this section, I am sharing my experience of using bank transfer to fund my moomoo account.

Depositing SGD

[Information last verified on 14/3/2021]

Depositing SGD is very straightforward. My steps were:

  1. launch the moomoo app and select the 'Me' tab on bottom right.
  2. select 'All >' under the 'Trading Accounts' section.
  3. select 'Deposit' under the 'Fund' section.
  4. perform a FAST transfer to the account specified for SGD currency deposits.
  5. tap the 'Inform FUTU' button to inform Futu how much was transferred.

The app stated that it would take 1-3 business days for the funds to arrive but from my experience, the funds arrived immediately into my moomoo account despite it being a Sunday night.

Can I deposit SGD from a joint account?

From my personal experience, the answer is ‘Yes’! I managed to deposit funds from an OCBC joint account.

Depositing USD

Futu SG does not charge any fees for deposit and withdrawal, but they may be charged by your bank.

**For USD transfers, the advice I received was to transfer from a DBS account so as not to incur wire transfer fees.**

  1. You can only deposit funds from, or withdraw funds into Singapore bank accounts under YOUR name.
  2. My experiences shared below is for depositing USD when moomoo SG was still in soft launch. They now accept SGD deposits.

So far, I have successfully completed two USD fund deposits, once from a DBS USD account and once from a DBS SGD account.

USD to USD deposit (1 Feb 2021)

When you tap on “Deposit” in the moomoo app, you will be presented with the details of the Futu Singapore bank account to deposit into. This account is actually a DBS a multi-currency account.

I was initially under the impression that I needed a USD account to deposit funds into Futu SG, so I created a DBS multi-currency account called “My Account”.

DBS My Account is for everyone and you can open one at any age. There’s no minimum balance, no initial deposits, or fall-below fees, ever.

Source: My Account

Next, from the DBS banking platform:

  1. I converted some SGD into USD,
  2. added Futu Singapore as a payee in my DBS banking account,
  3. initiated a USD to USD deposit to Futu Singapore’s account.
DBS mobile app screenshot: remember to select USD currency in the Payee selection screen
DBS mobile app screenshot: remember to select USD currency in the Payee selection screen
DBS mobile app screenshot: double check recipient gets USD in 'Review Transfer' screen
DBS mobile app screenshot: double check recipient gets USD in ‘Review Transfer’ screen

The moomoo app states that you must indicate your account number and name in the “comments” section of the bank transaction when you initiate a deposit.

If you copy and paste this information from the moomoo app, it should be something like: “101899999, TAN AH KOW”.

However the DBS banking platform does not allows commas and there is a length limit too.

So I ended up entering something like “101899999 TAN A”, and thankfully was able to receive my funds without hiccups.

The transfer took a few hours to arrive into my moomoo account.

The amount of USD I received in moomoo was exactly the amount I sent from DBS. There were no fees or charges.

SGD to USD deposit (2 Feb 2021)

A simpler way to transfer from the DBS banking platform is:

  1. Add Futu Singapore as a payee in your DBS banking account,
  2. initiate a SGD to USD deposit to Futu Singapore’s account.

Since the destination currency is USD, the funds would be converted automatically based on the bank’s rate.

Similar to the USD to USD transfer, this took a few hours to arrive into my moomoo account.

The amount of USD I received in moomoo was exactly the amount I sent from DBS. There were no fees or charges.

Withdrawing funds

Based on my withdrawal experience on 4 Jun 2021:

If you had set up ‘Direct Debit Authorisation (DDA)’ when you deposited funds, funds withdrawal is easy. Since your bank account is already verified, simply select it from the withdrawal screen and perform a FAST transfer with zero fees.

If you do not have DDA set up, you will have to manually add your bank account details into the app and also provide a proof like a bank statement to perform a withdrawal request.

In conclusion, I strongly recommend to set up your deposit account with DDA to enjoy a fuss free withdrawal process.


Any video and texts (including but not limited to text, video, audio, data and charts) are only for personal experience sharing and informational purposes. All contents are for your reference only; they do not constitute to any investment advice or promise. We do not warrant, endorse, guarantee, or assume any responsibility for any loss caused by this text/video content. All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone.

Start your investment journey with moomoo today.

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Disclaimer: while we do our best to maintain up to date information on the available referral promotions, their terms and conditions do change frequently. We do not guarantee that the information published on this website is accurate.