Fractional shares feature
Coming from other brokers which already offered fractional shares, moomoo fractional support is greatly appreciated. Fractional shares allow one to buy US big market cap stock,ETF with as low as USD 5 for each trade. Advantages moomoo have over other brokers are
1. Currency exchange can be as low as SGD 5. Other brokers impose a minimum SGD amount in order to change to USD, they varies from 10 to thousands!
2. moomoo platform fee for fractional is 0.99% of trade amount cap at 0.99. This means USD 5 trade you pay 5 cents fee. Other brokers although set a lower rate but set a minimum of 50 cents. This means USD 5 trade you paying 10% fee.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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