Moomoo US Help Center-Exchanging Currencies
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Exchanging Currencies

While our universal account structure now automatically exchanges currencies for you, there may be some advantages to exchanging currencies at a different time. This can be done through the Moomoo app very easily.

 

Instructions

To do this, follow these steps:

Click Accounts -> Transfers -> Exchange and then select the currency you want to convert from and the currency you want to convert to. Then, type in the amount to convert and click submit.


Rates

Our currency exchange requests are completed in real-time and are based on the Moomoo US comprehensive rate.

 

Cost

The fee charged for currency conversion may be up to 300 basis points. For context, a basis point is 0.01%.

 

Cancelling Exchange Request

For exchanges initiated on non-trading days, you may be able to cancel your initiated exchange request. To do this, go to the exchange page (instructions above), scroll to the bottom, and click "Exchange History" at the bottom.

 

Maximum Currency Exchange

You may exchange only a certain amount of currency per day, depending on the kind of currency being exchanged. See the table below for more information.

Exchanged Currency

Exchangeable Amount Per Day

US Dollars (USD)

$200,000

Hong Kong Dollars (HKD)

HK$1,500,000

Chinese Yuan Renminbi Offshore (CNH)

¥1,400,000

 

If you need to exceed this amount, please email cs@us.moomoo.com from the email on file.

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.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. 

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. 

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc.,a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC)  and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC). 

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