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Futu Singapore Review
Futu Singapore renamed to Moomoo in 2023 but kept the same MAS license and account base. It offers Singapore, US, and Hong Kong stocks plus forex, with no browser platform.
Min Deposit
$50
Spreads From
0.6 pips on forex
Max Leverage
1:20 for retail forex clients under MAS rules
Platforms
moomoo app, moomoo Desktop
Pros
- Holds a genuine MAS Capital Markets Services Licence in Singapore
- Named Best Retail Broker by SIAS for three years running
- No minimum deposit and no fee to open a trading account
- Forex trades start near US$50 with spreads from 0.6 pips
- First Singapore broker to hold all five SGX memberships
Cons
- Parent Futu Holdings faces a proposed US$271 million fine in China
- No browser based platform, only the app and a desktop download
- No access to the London Stock Exchange or Irish domiciled funds
- A 9 percent GST now applies to commissions for Singapore residents
- Margin trading is closed to under 21s, over 65s, and students
Futu Singapore Pte Ltd began in December 2019. MAS gave it a Capital Markets Services Licence in 2020, and it opened to the public in 2021. In July 2023 the group renamed its brand to Moomoo. The firm now trades as Moomoo Financial Singapore Pte Ltd, licence CMS101000, owned by Nasdaq listed Futu Holdings.
Moomoo Singapore offers Singapore, US, Hong Kong, Japan, and China A share stocks, ETFs, options, futures, and leveraged forex up to 20 times, the MAS retail limit. No minimum deposit is needed. Forex starts near US$50, spreads from 0.6 pips, no commission. There is no browser platform and no London Stock Exchange access.
SIAS named Moomoo Singapore Best Retail Broker for three straight years, 2023 to 2025, and it was the first digital broker here with all five SGX memberships. In May 2026 parent Futu Holdings disclosed a proposed US$271 million China fine over unlicensed mainland work through its Hong Kong units, still unresolved as of mid 2026.
Min. Deposit
USD 50
Max Leverage
1:20 for retail forex clients under MAS rules
Spreads From
0.6 pips on forex
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
