High Fee for Options trading
$Futu Holdings Ltd(FUTU.US$ I find the recent 0% commission on US stocks is BS. The fee they charge for Options trading have increased and are ridiculously high! They charge between $3.50 to $4 per contract! I think I'll move to other brokers. IBKR charges 50 cents to a dollar per contract.
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老牛吃嫩草 : It’s a trading platform not charity.
101726326OP 老牛吃嫩草: I'm not expecting for charity. Do you not understand what I just said here? IBKR charges 50 cents to a dollar.
老牛吃嫩草 101726326OP: Sorry. I’m just joking as every company will find ways to make money. Nothing is free in the world.
101726326OP 老牛吃嫩草: Moo was charging between 2.50 to 2.90 before the 0% commission on stocks. I thought it was quite expensive but I continued to use them. But now I think it's too much
. I love the platform for its design and good interface, but I don't think the pricing is fair.
doctorpot1 101726326OP: TDA is 0.65 per contract and if you buy to close at 0.05 and below it is free. from what I understand.
101726326OP doctorpot1: I was charged 3.65 for closing 0.01 on Moo.
102482208 : I am looking to shift from moomoo as options trader I cannot make any money here with this high commission
102482208 : I am also looking to find another broker for options trading...
Keefe Tan : agree totally. after a great day in options I made 49k and just found out that I got hit with 9k in fees.
that's almost 20% of my profits. crazy. moomoo doesn't have a cap on settlement fees btw. time to switch out.