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.
![High Fee for Options trading](https://ussnsimg.moomoo.com/1650364425370-random3472-101726326-android-org.jpg/thumb)
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hi everyone!
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Keefe Tan : he's not speaking he already spoke 230pm today sg time
Keefe Tan Restoration : lol beats me. check Marketwatch or forexfactory for up to date schedules of events![shrug 🤷](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f937.png)