Hi there, I made around 49k in options on Friday, and just realised that I was hit with 9k in total of fees from all my active trading throughout the night.
That's pretty insane right? Almost 20% of my profits taken away in fees. I did a search and found out that Moomoo has no cap on settlement fees.
There was a recent hoo-ha over this and Tiger actually implemented a cap on settlement fees after it was reported in the Business Times.
Anyone else has simil...
That's pretty insane right? Almost 20% of my profits taken away in fees. I did a search and found out that Moomoo has no cap on settlement fees.
There was a recent hoo-ha over this and Tiger actually implemented a cap on settlement fees after it was reported in the Business Times.
Anyone else has simil...
Keefe Tan
commented on
$Futu Holdings Ltd (FUTU.US)$ I find the recent 0% commission on US stocks is BS. The fee they charge for Options trading have increased and are ridiculously high! They charge between $3.50 to $4 per contract! I think I'll move to other brokers. IBKR charges 50 cents to a dollar per contract.
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hi everyone!
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