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 6,25% 6,25% 6,25% 6,25% 6,25% 6,25% 6,25% 6,25% 6,25%
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 exclusively offers margin accounts, with no cash accounts available. This means you cannot switch between margin and cash accounts.

A primary advantage of a cash account is its simplicity regarding buying power and withdrawal limits. Additionally, a cash account cannot be overdrawn, avoiding potential interest charges.


moomoo margin account


Locating Margin Balances


Moomoo provides detailed information about margin balances. On the desktop platform, you can find these details under the Me tab, located at the top of the left-hand menu. Click on it to view margin details for each account linked to your credentials. The available information includes:

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

The Moomoo mobile app offers additional margin details not available on the desktop platform, such as PDT status, margin-call margin, risk level, and frozen funds.

To access margin information on the mobile app, tap on the Trade icon at the bottom of the screen, then select the Account Details icon.


Margin Requirements at Moomoo


Yes, there are margin requirements at Moomoo, as with all broker-dealers. Once an account has at least $2,000 in it, it can start borrowing and shorting. Here are some of the important requirements for long positions at Moomoo:

- Initial margin for popular stocks: 50%
- Maintenance margin: 30%

The numbers are the same for short positions. For both sides, a margin call will be triggered at 37%.

Note that these numbers are for common mega-cap stocks. The numbers can and will change for smaller issues, including some large-cap stocks. During our research on Moomoo’s platform, we did find a wide variation in numbers.

For example, the above numbers are valid for Apple, but not for Agios Pharmaceuticals (with ticker symbol AGIO). This stock is a small-cap company with the following margin numbers at Moomoo:

- Initial margin: 90%
- Maintenance margin: 75%

The margin call for AGIO is set at 85%. The asset is not shortable at Moomoo, so there are no short margin numbers.


Locating Margin Numbers for Specific Assets


Moomoo’s software generates margin information on a ticker symbol. On the desktop platform, there are icons on the Quotes section of an asset’s profile for both short margin and long margin. The long margin icon is blue with a dollar sign in the middle. The short icon is orange with a down arrow in it. Clicking on either one will generate a web page (not on the desktop platform) with numbers for both if they exist. Some assets aren’t shortable and won’t have the orange icon.

On the mobile app, the same icons appear on the same Quotes section of an asset’s profile. Tap on either to generate a page with the margin numbers. This time, the page appears within the platform.

Besides initial, maintenance, and call numbers, Moomoo also displays data for the following issues:

- Number of shares available for shorting
- Interest rate for long positions
- Interest rate for short positions


Updated on 10/2/2024.