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Moomoo Close Account and ACAT Fee. How To Cancel Moomoo (Futu) Account.


2022 Moomoo/Futu Inc. account closure fee and account transfer cost, address. How to close brokerage investing or IRA accounts online. Moomoo stock trading account deletion and canceling fees.


ACAT Fee For Transfers Into Moomoo


Moomoo (Futu Inc.) does not charge any fees if you are transferring an account to them. You can use a promotion link below to open an account and initiate the transfer:


Open Moomoo Account



Moomoo Account Cancellation Fee


Moomoo has $0 fee to close a brokerage account. IRAs (Traditional, ROTH, SIMPLE, or SEP) are not offered.


Moomoo ACAT Fees (Transferring OUT)


Moomoo only performs DTC transfers. ACAT transfers currently are not supported by Moomoo.


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How To Close Moomoo Account


To cancel Moomoo investing account, you first move your cash to your bank or another broker. If you have investments you can either sell them (you might face tax consequences in this case) or transfer to another broker. Then you email Moomoo customer service and ask them to cancel your account.






Best ETFs for China to Buy


With China becoming a stronger economic force within the world economy with every passing year, it is no small wonder that many investors are looking to find the best ETFs for China. Buying stock in a Chinese company can sometimes seem like a feat in itself. After all, to truly trade on the Hong Kong Exchange, you must be a resident, at least if you want to invest in Class A stocks. An ETF simplifies the process. An exchange traded fund or ETF that focuses on Chinese investments allows you to invest in the explosive growth that China is experiencing without the challenges that exist when it comes to dealing with finance and business in China, like tax laws, trade barriers, and the unique traditions of the Chinese people. In other words, with an ETF, you can expose your portfolio to the Chinese market.


China and ETFs


When it comes to investing in China, investors are at a loss because they have everything from tax rules to Chinese traditions working against them to prohibit them from cashing in on a market that is experiencing phenomenal growth. One way to get this type of exposure for this market is with an ETF like FXI from iShares FTSE/Xinhua China. This ETF tracks Chinese sectors like communications, energy, construction, and banking with just one investment.


Investing in the BRIC Market


When some investors hear their friends talking about the BRIC market, they may be confused. The BRIC market encompassed Brazil, Russia, India, and China. It represents regions that are quite popular on the investment scene, and as such, there are now BRIC investments that invest solely in products and companies from this area. A BRIC ETF can help you to gain exposure to China as well as the other three countries in this block to increase your overall foreign exposure at the same time.


Emerging Markets ETF


Another way to invest in China via ETFs is to invest in an emerging market ETF. This is often a better choice for those investors who find the BRIC to be a bit limited or who want to focus on emerging markets. Emerging market ETF that follow Chinese assets are a good bet. For instance, the PXH contains Chinese stock as well as stock from Taiwan, Korea, and Brazil.


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Asian Markets


You can invest in an Asian market fund to gain exposure to the entire Asian region. These ETFs allow you to focus on this region of the world while also investing in China. One such fund to consider if you are looking for an Asian ETF is the AAXJ from iShares. This fund targets investments with direct Asian ties.


International Bond Funds


You can also increase your foreign investment exposure and diversify your portfolio with China-related and other regions with an international bond fund or ETF. This type of ETF is ideal for investors looking to hedge Chinese interest rates. For creating a steady stream of income, this is also a great investment choice for the most part.


Chinese Currency Funds


Funds that directly include the Yuan are also available. These ETFs can actually help to protect your Chinese investments if you have risks in the Chinese interest rate or in the Yuan. Some currency ETFs only track the Yuan, but there are some ETFs that focus other currencies, and are known as broad or wide currency ETFs. A currency ETF that gives you exposure to the Yuan as well as other currencies in a single investment is a desirable choice here. For example, you might buy into CEW or WisdomTree Dreyfus Emerging Currency ETF. This ETF tracks the currency in sixteen regions, and includes the Yuan. Although doing business in China can be difficult, investing in the Chinese market does not have to be a huge challenge. As with any other type of investment, talk with your broker about the ins and outs of Chinese ETFs prior to sinking your investment dollars into one. It is also important to remember that not all ETFs are profitable, and not all are a good choice. Your broker can help you understand the financials for each of the ETFs that interest you, and can also help you to make a sound judgment call on which would be the best bet for your particular investing goals.


About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.