Moomoo Automatic Investing Plan and Recurring Investments (2024)

Does Moomoo brokerage offer automatic investment plan (AIP)? Moomoo dollar cost averaging program (DCA) setup and review. Weekly/monthly/quarterly auto investing in ETFs, stocks, and mutual funds.

Moomoo Recurring Investment Program

Moomoo's brokerage account does not offer an automatic investment plan at this time.

Moomoo Dollar-Cost Averaging

Automatic dollar cost averaging is not available on Moomoo's brokerage account. Investors will have to do DCA themselves.

Brokers With Automatic Investing

Broker Review	Stock/ETF Fee	Mutual Fund Fee	Option	Promotion Offer
Charles Schwab	$0	$49.95 ($0 to sell)	$0.65	Get $0 commissions + satisfaction guarantee at Charles Schwab.
Robinhood	$0	na	$0	Free stock up to $200 and 1% IRA match when you open an account.
Firstrade	$0	$0	$0	Get up to $250 ACAT rebate and $0 commission trades.

Moomoo Robo Investing

Moomoo does not offer a robo investing service at this time. Take a look at .

Tradable Assets

Moomoo currently offers a small set of investment products. They include:

Stocks
Options
ETFs
Closed-end funds

Although this is a rather short list, the broker-dealer does offer American Depository Receipts and access to three foreign stock exchanges: Hong Kong, Shanghai, and Shenzhen.

Fees and Commissions

Moomoo has two pricing schedules, one for US residents and the other for residents of foreign countries.

US residents pay $0 for stock, ETF, and option trades. The broker charges no per-contract fees, which is a huge benefit for active derivative traders.

For clients who live outside the US, the equity commission jumps to 0.49¢ per share (with a $0.99 minimum). Options are 65¢ each with a higher minimum ($1.99).

Non-US customers must also pay platform fees for using Moomoo’s software. Clients can choose between fixed or tiered pricing; the former charging a minimum of $1 per order, and the latter charging fractions of a penny per share (depending on monthly volume).

All nationalities pay the same commission on Hong Kong trades (0.03% with a HK$3 minimum and a platform fee of HK$15). For China A-shares, the cost is the same (the minimum is 3 RMB and the platform fee is 15 RMB).

One feature that all nationalities should be aware of is the $75 outgoing ACAT transfer fee. It is per security, an unusual policy. Transferring 3 stocks would cost you $225.

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Updated on 1/16/2024.

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