Moomoo Margin Rates

Moomoo Margin Rates (2024)


Current Moomoo margin rates: interest rates, fees, charged on trading account margin loans. Moomoo margin requirements base lending rate (BLR), broker loan cost.


Moomoo Margin Interest Rates


Moomoo has margin accounts with a very simple margin interest rates:

Debit Balance Margin Interest Rates
above $1,000,000 6.8%
$500,000 - $999,999.99 6.8%
$250,000 - $499,999.99 6.8%
$100,000 - $249,999.99 6.8%
$50,000 - $99,999.99 6.8%
$25,000 - $49,999.99 6.8%
$10,000 - $24,999.99 6.8%
$0 - $9,999.99 6.8%

It’s just a flat rate for all debit levels. Can’t get much easier than that.


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Competitor Margin Rates


Broker $0 - $4,999 $5,000 - $9,999 $10,000 - $24,999 $25,000 - $49,999 $50,000 - $99,999 $100,000 - $249,999 $250,000 - $499,999 $500,000 - $999,999 above $1,000,000
Robinhood 6% 6% 6% 6% 6% 6% 6% 6% 6%
IBKR Lite 7.33% 7.33% 7.33% 7.33% 7.33% 7.33% 7.33% 7.33% 7.33%
ZacksTrade 8.83% 8.83% 8.83% 8.83% 8.83% 8.33% 8.33% 8.33% 8.08%


Moomoo Margin and Cash Accounts


Moomoo offers margin accounts only. Cash accounts are not available. This means it’s not possible to convert a margin account into a cash account or vice versa.

The primary advantage of a cash account is that it’s a little simpler in terms of buying power, amount available for withdrawal, etc. Another advantage is that a cash account also can never be accidentally overdrawn and be charged interest.


moomoo margin account


Locating Margin Balances


Moomoo of course provides balance details on its margin accounts. On the desktop platform, these numbers can be found on the Me tab (located at the top of the left-hand menu). Click on this tab and you’ll see margin details on each account linked to the login credentials. Available lines include:

- LMV (long market value)
- SMV (short market value)
- Day trades left
- Margin loan
- Buying power

The Moomoo mobile app has slightly different margin particulars that don’t appear on the desktop platform. These include PDT status, margin-call margin, risk level, frozen funds, and more.

To find margin info on the mobile app, tap on the Trade icon at the bottom of the screen and then hit the Account Details icon.


Overview of Moomoo Investing App


Moomoo is a new brokerage firm with some advanced trading tools. A subsidiary of Futu, Inc., it uses the same trading tools as its parent company. Starting in 2015, it has built an impressive software platform, but many services are still missing. Here are the details of Moomoo pros and cons:


Opening an Account


Moomoo’s website is available in English and Chinese. The brokerage has a user-friendly online account application through its parent firm’s website at fututrade.com.

Besides Americans, Futu accepts applications from residents of many other countries. Residents of mainland China have their own dedicated application. A Chinese Identity Card is required. Applicants from other countries require a passport.

Although headquartered in Silicon Valley, some of the instructions on Moomoo’s application sound like they were written by non-native English speakers. Futu is insured by SIPC and regulated by FINRA and SEC.

The real downside of Moomoo right now is that it only provides individual margin accounts.


Moomoo margin rates


Updated on 11/9/2024.