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Moomoo fees are applied in a different way to those at most other prediction market sites. Instead of paying a percentage or a fixed amount for each successful contract, you will pay fees when you buy or sell event contracts.
There are two types of fees in place: commission and exchange fees. However, new Moomoo traders are currently exempt from paying commission fees during the introductory period. The only other fees you may have to pay are related to your chosen payment method. ACH transfers are generally at no cost, while wire transfers carry a fee.
How Is Moomoo Able to Offer Event Contracts to US Traders?
Before we move onto Moomoo’s event contracts and the fees, we thought it would be worthwhile giving you a quick overview of the brand’s status. In terms of
Moomoo’s legality, the brand (Moomoo Financial Inc.) is registered with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) as a Futures Commission Merchant. This means Moomoo is permitted to offer event contracts to eligible retail traders in the US, in addition to its other trading products.
The event contracts you’ll find at Moomoo cover several different categories, and are similar to those at most
prediction market sites: climate, entertainment, cryptocurrency, economics, sport, and politics. However, Moomoo is not an exchange in its own right, so the event contracts on the Moomoo platform are provided by Kalshi.
Pros and Cons of Moomoo Fees
Pros and Cons
- No commission for 30 days for new users
- Unusual fee structure in place
- No fees for ACH bank transfer
- Overall fees higher than most
How Moomoo Event Contracts Work
Setting aside Moomoo’s fee structure for a moment, the event contracts on the platform work in exactly the same way as they would at any other site of this type, where each contract is binary, and only has two possible outcomes.
All contracts are priced between $0.01 and $0.99, with the price reflecting the implied probability of the event outcome, based on the opinion of all users who have purchased a contract. For example, a contract showing prices of $0.65 Yes, and $0.35 No, indicates a 65% probability of the event occurring. When the event outcome has been officially resolved, successful contracts are settled at $1.00.
An Explanation of Moomoo’s Fee Structure
Circling back to fees, as we mentioned right at the start, the way in which Moomoo charges fees for event contracts is very different to the way most prediction market sites go about it.
Moomoo applies two different types of fees: commission and exchange fees, both of which are set at $0.01. The former is the amount Moomoo charges for event contract transactions on its trading platform, and we did note that the brand offers a new trader commission waiver for 30 days. Meanwhile, exchange fees are applied in connection with Kalshi providing the event contracts.
Moomoo’s way of doing things is only competitive if you buy event contracts and hold them until the event ends. If you decide to sell some or all of your contracts, you will incur further fees of $0.02 for each once the regular commission rate applies. For a contract with a high probability the extra fees will eat into your potential profit, and as such need to be taken into an account.
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Moomoo’s crypto platform on mobile
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Real-time stock charts and data at Moomoo
Sundry Fees at Moomoo
The only other fees you may incur at Moomoo are related to making deposits and withdrawals. Firstly, there are two main payment options for US traders at Moomoo: ACH bank transfer or wire transfer.
There are no standard fees for making deposits via ACH bank transfer, but you will get charged if there is an issue that results in the payment failing. For example, If you entered your bank details incorrectly, or there were insufficient funds in your account, a $5 fee would be applied for the first returned ACH deposit.
It’s also worth noting that Moomoo charges a fee for making deposits or withdrawals via wire transfer, which is in addition to any fees that your bank may apply for the service. As this is the case, ACH transfer is the better option of the two, despite there being a waiting time for ACH deposits to clear and become available to use.
We’ve added the information we were able to find in the table below:
| Payment method | Fees applied | Max deposit | Min/max withdrawal | Processing time |
*In accordance with Moomoo’s AML policy
Recapping Moomoo Fees
As you’ve seen, Moomoo has opted for a fee structure that works very differently to those in place at most other prediction market sites. Moomoo applies two different types of fees when you buy an event contract, and you must pay them again if you choose to sell. Understanding how this works, and the potential impact on your trading activity is vital.
We suggest that you visit Moomoo and ensure that the prediction markets on offer, and the way the platform works suit your needs before making any commitment. Should you wish to do so, you’ll find links to the brand’s website on our page banners.
Moomoo Fees FAQs
💰 How Are Moomoo’s Event Contract Fees Calculated?
There are two types of fees applied to Moomoo event contracts: commission and exchange fees. The exchange fee is $0.01 per contract per side, while commission is currently $0 during the introductory period and $0.01 afterward. The fees apply when you buy a contract and are applied again if you choose to sell.
🔍 What Prediction Markets Does Moomoo Offer?
If you look on the Moomoo site, there are numerous prediction market categories listed on the brand’s main menu. However, each of them falls into one of six main event categories: economics, sports, crypto, climate, economics, or politics.
📊 How Do Moomoo Event Contracts Work?
Every event contract has two sides priced between $0.01 and $0.99. The price for each side reflects market sentiment represented as an implied probability of the event happening. As more users buy contracts, the prices will constantly change until the event ends, at which point successful contracts pay out at $1.00.
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