Moomoo SG vs Webull SG: How to Choose in Singapore?

Jul 9 18:23
article image

Key Takeaways: Moomoo SG vs Webull SG

Feature

Moomoo SG

Webull SG

Local Support & Presence

3 Physical Stores (313@Somerset, Jem, Bugis), CDP linkage, MooFest

100% Digital / Online-based

Global Markets

5 Markets (US, SG, HK, China A-shares, Japan)

4 Markets (US, SG, HK, China A-shares)

Cryptocurrency Trading

Available (MAS DPT-licensed)

Not licensed in Singapore

US Stock Trading Fees

Fixed: Lifetime $0 commission* + USD 0.99 platform fee

Tiered: %-based commission + $0 platform fee

USD Margin Rate

4.80%

5.84%

Trading Tools & AI

140+ indicators, 50+ drawing tools, Moomoo AI,
Free lifetime real-time option chain
Free lifetime Level 2 US stock market data

60+ indicators, 12 drawing tools, Vega,
Free Level 2 US market data (1 month only)
Free real-time option chain (1 month only)

The Verdict for Singapore Investors
- Moomoo SG may appeal to investors who value broader market access, advanced trading tools, and local presence, including physical support locations and community initiatives. Its flat-fee structure and lower margin rate may be more suitable for investors trading larger ticket sizes or using margin.

- Webull SG may suit investors who prefer a fully digital brokerage experience with a simpler fee structure. It can be a practical option for those making smaller or more frequent trades, and those who do not require offline support or additional local services.

Enjoy exclusive rewards on Moomoo SG: Welcome rewards, transfer-in rewards, referral rewards & more. >> Open an account now to claim!

<div style="text-align: center; margin-top: 32px; margin-bottom: 16px;">    <a href="https://openaccount.sg.moomoo.com/setup-page/index" target="_blank" style="display: inline-block; background-color: #ff6600; color: #ffffff; font-size: 18px; font-weight: bold; text-decoration: none; padding: 14px 40px; border-radius: 50px; box-shadow: 0 4px 12px rgba(255, 102, 0, 0.3); transition: background-color 0.3s ease;">      Start Trading with Moomoo    </a>  </div> Choosing the right brokerage is a critical first step for any investor. In Singapore, Moomoo SG and Webull SG are two prominent platforms catering to modern, tech-savvy traders.

Introduction to Moomoo and Webull in Singapore

Since entering the local market in 2021, Moomoo Financial Singapore Pte. Ltd. ("Moomoo Singapore"), under Nasdaq-listed FUTU Holdings, has rapidly grown into one of the leading online brokerage apps locally. Today, roughly 1 out of every 2 Singapore residents uses the platform. Moomoo app has become the No.1 trading app by downloads in Singapore. >> Click to download the moomoo app.

article image
Moomoo app: No.1 trading app by downloads in Singapore

Source: SensorTower, as of Feb. 26, 2026.

In contrast, Webull is a brokerage that entered the Singapore market in 2022 via its entity, Webull Securities (Singapore) Pte. Ltd. As part of its global expansion, Webull operates strictly as a digital brokerage entity in Southeast Asia.

article image

While both are regulated by the Monetary Authority of Singapore (MAS), they have distinct differences in market access, fee structures, and local community presence.

Below is a comprehensive and objective comparison to help you decide which platform aligns best with your investing goals.

Comparison 1: Local Popularity & Promotion

Moomoo surpassed 1.5 million users in Singapore as of 2025, and the moomoo app has become the most widely used brokerage platform in the country.

Moomoo stands out for its deep integration into the local community in Singapore. It isn't just a digital app; it has a tangible, offline presence designed to build investor trust:

  • Flagship Events: Moomoo hosts massive community events like "MooFest" every year. Its third edition was held in Singapore in July 2025, attracting nearly 4,000 investors and involving 50 partners, including major exchanges: SGX, JPX, NYSE, NASDAQ, CBOE, and CME Group.

  • Moomoo Physical Stores: It operates three physical investor experience centres located at 313@Somerset, Jem, and Bugis, offering face-to-face support. In addition to various online welcome rewards, moomoo frequently hosts offline events in physical stores across Singapore with attractive incentives.

article image
  • CDP Account Support: Moomoo supports Central Depository (CDP) account linkage and securities transfers, allowing investors to manage holdings between their brokerage and CDP accounts. Moomoo offers exclusive Transfer-in rewards for Singapore users. Users who transfer assets from other brokerages or CDP accounts are eligible to receive these transfer-in rewards.

article image

*T&Cs and other fees apply.

In contrast, Webull SG operates as an online-based brokerage and does not maintain physical retail locations or walk-in experience stores in Singapore.

Comparison 2: US Market Trading Fees & Tools

For Singapore investors, trading in the US market is a popular choice. Moomoo SG utilizes a fixed platform fee model with lifetime zero commission* for US stock trading.

What does this mean for your wallet? Because most brokerages charge a percentage of your total trade amount, their fees scale up as your investment size grows. Moomoo offers a fixed platform fee, making it highly cost-effective for larger trades while providing users with stable, transparent, and predictable trading costs.

article image

US Stock Trading Fees

  • Moomoo Fees on US Stocks/ETFS: Offers lifetime $0 commission* on US stocks for eligible users, paired with a flat, predictable platform fee of USD 0.99 per order.

  • Webull Fees on US Stocks/ETFS: Promotes a $0 platform fee, and charges a percentage-based commission (0.025% during regular hours, min. USD 0.50). (Source: Data as of Feb. 26, 2026)

Trade Value (USD)

Moomoo SG

(lifetime $0 commission* + $0.99 platform fee/order)

Webull SG

Regular & Extended Hours

0.025%*Total Trade Amount (Min. USD 0.50) + $0 platform fee

Webull SG

Overnight Hours

0.03% *Total Trade Amount (Min. USD 0.89) + $0 platform fee

4,000

USD 0.99

USD 1.00

USD 1.20

12,000

USD 0.99

USD 3.00

USD 3.60

20,000

USD 0.99

USD 5.00

USD 6.00

*Note: Data excludes external regulatory and settlement fees. Always check the latest official pricing.

<div style="text-align: center; margin-top: 32px; margin-bottom: 16px;">    <a href="https://openaccount.sg.moomoo.com/setup-page/index" target="_blank" style="display: inline-block; background-color: #ff6600; color: #ffffff; font-size: 18px; font-weight: bold; text-decoration: none; padding: 14px 40px; border-radius: 50px; box-shadow: 0 4px 12px rgba(255, 102, 0, 0.3); transition: background-color 0.3s ease;">      Start Trading with Moomoo    </a>  </div>

US Market Promotion: Market Data & Tools

Moomoo Promotion:

Read More: Moomoo Singapore Transfer in: Guide and FAQs

Webull Promotion:

  • 60+ free technical indicators and 12+ free drawing tools

  • Free Level 2 US market data (1 month only)

  • Free real-time option chain (1 month only)

  • Free investment analysis reports

article image

Comparison 3: Moomoo Fees vs. Webull Fees [2026 update]

Besides the US stock fees covered earlier, other trading costs also play a key role in your investment returns. Below is a detailed fee comparison between Moomoo SG and Webull SG, covering Singapore stocks, Hong Kong stocks, and China A-Shares.

Item

Moomoo SG

Webull SG

US Stocks/ETFs

Lifetime $0 commission + USD 0.99 platform fee per order

Regular and Extended Hours (04:00-20:00EST)
0.025%*Total Trade Amount (Min. USD 0.50)
Overnight Hours (20:00-04:00 EST)
0.03% *Total Trade Amount (Min. USD 0.89)

SG Stocks/ETFs

1 year $0 commission* for new users +  SGD 0.99 platform fee per order

1 year $0 commission* for new users + platform fee: 0.025% x Total Trade Amount (Min. SGD 0.80)

HK Stocks/ETFs

$0 commission* for 30 days for new users + HK$15 per order

0.03%*Total Trade Amount (Min. HKD 12) + $0 platform fee

China A-Shares

$0 commission* for 30 days for new users + 15 CNH/Order

0.02%*Total Trade Amount (Min. CNH 12 per Trade) +  $0 platform fee

Margin Rate

4.8% USD

5.84% USD

*Disclaimer: The $0 Commission offer for new users is subject to Moomoo Singapore's official terms and conditions. Investors are recommended to review the full terms on Moomoo SG's platform for accurate details. Data above is sourced from Moomoo Pricing and Webull Pricing. Webull's $0 platform fee is subject to change at our discretion and is valid until updated.

article image

1. Fee comparison for SG stocks

Trading Value/Order
(SGD)

Moomoo SG
(1 year $0 commission* for new users +  SGD 0.99 platform fee per order)

Webull SG
(1 year $0 commission* for new users + platform fee: 0.025% x Total Trade Amount (Min. SGD 0.80)

4,000

SGD 0.99

SGD 1.00

12,000

SGD 0.99

SGD 3.00

20,000

SGD 0.99

SGD 5.00

*Note: Data excludes external regulatory and settlement fees. Always check the latest official pricing.

2. Fee comparison for HK stocks

Trading Value/Order
(HKD)

Moomoo SG
(for new users)

Moomoo SG

Webull SG
0.03%*Total Trade Amount (Min. HKD 12)

4,000

HKD 15

HKD 18

HKD 12

12,000

HKD 15

HKD 18.6

HKD 12

20,000

HKD 15

HKD 21

HKD 12

*Note: Data excludes external regulatory and settlement fees. Always check the latest official pricing.

3. Fee comparison for China A-Shares

Trading Value/Order
(CNH)

Moomoo SG
(for new users)

Moomoo SG

Webull SG
0.02%*Total Trade Amount (Min. CNH 12 per Trade)

4,000

CNH 15

CNH 18

CNH 12

12,000

CNH 15

CNH 18.6

CNH 12

20,000

CNH 15

CNH 21

CNH 12

*Note: Data excludes external regulatory and settlement fees. Always check the latest official pricing.

Comparison 4: Regulation and Safety

Both Moomoo SG and Webull SG are licensed and regulated by the Monetary Authority of Singapore (MAS).

Licensed Crypto Trading in Singapore

Cryptocurrency has become a component of diversified portfolios. In Singapore, crypto trading platforms must be licensed by the Monetary Authority of Singapore (MAS) to legally provide digital payment token services.

Moomoo SG holds a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services. This allows retail investors to legally, securely, and compliantly buy and sell cryptocurrencies directly within the Moomoo app.

In contrast, Webull SG does not currently hold this specific DPT license.

article image

Comparison 5: Investment Products and Market Access

Here is an overall comparison of investment products between Moomoo SG and Webull SG.

Market / Product

Moomoo SG

Webull SG

Singapore Market

Stocks, ETFs, REITs, Warrants, DLCs

Stocks, ETFs, REITs, Warrants, DLCs, L&I

US Markets

Stocks, ETFs, Options, Fractional Shares, US Treasuries, Futures

Stocks, ETFs, Options, Fractional Shares, Futures

Hong Kong & China A-shares

HK Stocks, ETFs, Warrants, CBBCs, China A-shares

HK Stocks, ETFs, Warrants, CBBCs, China A-shares

Japan Market

Japanese stocks

Not available

Cryptocurrency Trading

Available (MAS DPT-licensed)

Not licensed in Singapore

article image

Comparison 6: Trading Tools and User Interface

Both Moomoo Singapore and Webull Singapore offer intuitive and user-friendly mobile and desktop interfaces suitable for all levels.

Moomoo Singapore is designed to support investors at every experience level, combining ease of use with comprehensive professional-level functionality. This allows new users to learn and trade confidently, while advanced investors can conduct deeper analysis and implement more sophisticated strategies efficiently.

article image

In its Options Strategy module, moomoo presents information in a clear, structured, and beginner-friendly layout that also enhances research efficiency for advanced users. Key features include:

  • Hypothesis-Led Strategy Generation: This feature helps you build trades based on how you think the market will move. Just pick your view: Bullish (going up), Bearish (going down), or Flat (staying neutral). The platform will automatically show you ready-to-use multi-leg strategies (like a Short Straddle for sideways markets), so you don't have to build complicated trades manually.

  • Quantitative Risk Profiling: Every strategy comes with simple, clear risk and reward numbers. You'll see the estimated probability of profit and a visual P/L Zone that shows your potential gain and loss range. This lets you quickly understand how likely the trade is to succeed and how much risk you're taking — before you place any order.

Webull Singapore also provides an Options Discover section that allows users to select market outlook (Bullish, Bearish, or Neutral) as part of its options workflow. The section offers basic strategy guidance to support users in exploring potential option positions.

Unlike moomoo's Options Strategy module, which consolidates comprehensive decision-making data on a single screen, Webull's Options Discover section does not display the same range of in-depth analytics. Users may need to navigate to other pages to access additional supporting data.
Read More: Beginner's Guide: How to Invest in Options in Singapore
article image
moomoo app vs webull app

Conclusion: Moomoo vs Webull in Singapore

Both Moomoo Singapore and Webull Singapore are legitimate, MAS-regulated brokers serving Singapore investors with access to global markets. They differ in market coverage, product range, fee models, AI tool support, trading tools, and local presence. Investors are encouraged to review the most current official information, test both platforms, and choose the one that best matches their personal trading style and requirements.

article image

Disclaimer: Data correct as of 26 Feb. 2026. Always verify the latest details on the official Moomoo Singapore and Webull Singapore websites.

Frequency Asked Questions

Is moomoo legal in Singapore?

Yes, Moomoo Financial Singapore Pte. Ltd. ("Moomoo Singapore") is a company regulated by the Monetary Authority of Singapore (MAS). It holds a Capital Markets Services License (CMS101000) and a Major Payment Institution License, which allow it to provide regulated capital markets and payment services in Singapore, including access to multi-asset trading products.

Is Webull regulated in Singapore?

Webull Singapore is regulated by the Monetary Authority of Singapore (MAS) and holds a Capital Markets Services (CMS) License. However, it does not currently hold a DPT license to provide crypto trading activities in Singapore.

Which platform suits Singapore investors better, Moomoo or Webull?

Both Moomoo and Webull are reputable, MAS-regulated platforms, and the "better" choice depends entirely on an individual investor's specific trading style, portfolio size, and personal preferences. Here is a balanced breakdown of who each platform suits best: - Moomoo SG may be suitable for: Investors with medium to high capital allocation, who want broader market access (including the Japan market and crypto trading), prefer flat‑fee structures that are cost-effective for larger US stock trades, and value stronger localised tools and Singapore‑focused services, as well as physical customer support centres and local community events. - Webull SG may be suitable for: Self-directed investors who prefer a 100% digital, app‑based experience, benefit from percentage‑based commission models, want built‑in robo‑advisory tools for passive investing, and are focused on smaller, fragmented US stock trades.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. Read more

Table of contents
Introduction to Moomoo and Webull in Singapore
Comparison 1: Local Popularity & Promotion
Comparison 2: US Market Trading Fees & Tools
Comparison 3: Moomoo Fees vs. Webull Fees [2026 update]
Comparison 4: Regulation and Safety
Comparison 5: Investment Products and Market Access
Comparison 6: Trading Tools and User Interface
Conclusion: Moomoo vs Webull in Singapore
Market Insights
Hot AI Stocks
Crypto Stock Picks
Unlock Now
ARK ETFs
Unlock Now