Moon prices the entry cheaply and honestly. It is the exit, the overnight carry and the paperwork that need reading twice.
Reviewed by Devendra Damani. Figures rebuilt 2026-08-26. Cost model sourced from Moon's own documentation, linked inline.
The opening fee is genuinely, structurally cheap, and Moon documents it clearly enough to check. Three other costs are either unpublished or undocumented, the licence is light-touch, and the product is still in beta. Worth using at a size you would not mind losing, which is also the only size the maths supports.
The fee structure. Charging 1% on the wager rather than a percentage of notional is the single most consequential design choice in the product, and it is the one that favours the customer. It is also documented in plain language, with a worked example, in a glossary that goes out of its way to say the fee is not charged on leveraged exposure. Venues do not usually volunteer the sentence that closes off the more profitable reading.
Second, the loss cap. Moon says an account cannot go below zero from a bet. Combined with liquidation at exactly one part in the leverage, the worst case is knowable before you commit and it is the wager. That is a cleaner promise than a margin account makes.
Third, 24/7 pricing on equities and indices. An oracle covers the hours the underlying exchange is shut, which is either the best or the worst feature here depending on your self-control.
The rolling fee rate. It is charged every 8 hours, Moon calls it dynamic, and no number appears in the documentation. For a position held a day that is the dominant unknown, and it is the reason nothing on this site quotes an overnight cost.
Third-party testers also report a performance fee on realised profit and a spread inside the settlement price. Neither appears in Moon's own documentation. If both are real, the true round trip on a winning position is materially above 1%, and a reader who priced a trade off the glossary alone would be surprised at settlement.
And the instrument list. Asset classes are published, tickers are not, so you cannot confirm a market is available without opening an account.
Moon comes from Easygo, the company behind Stake.com, which means real engineering and real scale behind the product. Third-party reviews place the licence in Anjouan, which is a light-touch regime with limited practical recourse compared with a UK, Malta or Australian licence. Nothing about that is hidden and nothing about it is reassuring.
The platform is in open beta. Treat feature and pricing changes as likely rather than possible, and re-read the terms before each deposit.
Operator: trade press. Licence and market counts: third-party review, not corroborated by Moon's own documentation.
Someone who wants a defined-loss punt on a direction over hours rather than weeks, who understands that 1000× means 0.100% of room, and who is sizing at an amount whose total loss would be annoying rather than serious. The flat fee makes small stakes viable in a way notional-based pricing does not.
Anyone who needs the position to survive overnight, because the dominant cost over that horizon is the one number Moon will not publish. Anyone in the EU, the UK or the US, where retail leverage of this kind is capped or not permitted. Anyone who reads a 1000× button as an opportunity rather than as a 0.100% stop. And anyone who would need the money back.
Moon states that a bet cannot take an account below zero, and that a position closes once it has lost an amount equal to the wager. So the wager is the loss. At 1000× that arrives after a 0.100% move, which is not a long wait, but it arrives and then stops.
That is a genuine difference from a margin account, where an adverse gap can leave a balance owing. It is also the reason the multiplier is survivable to write about at all. The risk is not the size of the loss. It is the speed and the certainty of it.
Loss capped at the wager: placing your first bet. Liquidation at one part in the leverage: how leverage works.
Indicative example based on third-party market data. Moon's reference price, spread, fees, settlement and liquidation rules may produce a different result.
On the wager. Moon's glossary states the fee is calculated solely on the wager amount and is not calculated on total leveraged exposure. A $100 wager pays $1 at every rung from 2× to 1000×.
Moon says no. It states an account balance cannot go below zero as a result of a bet, and closes a position once it has lost the wager.
A 0.100% adverse move. Moon's own example uses Bitcoin at $60,000: a $100 wager at 1000× is gone by $59,940.
Unknown from the documentation. A rolling fee applies every 8 hours at a rate Moon describes as dynamic and does not publish.
Moon lists cryptocurrency, equities, forex, commodities and futures. It publishes no instrument list, so this site verifies availability per market by hand and shows no link where nobody has checked.
Third-party reviews place the licence in Anjouan. That is a light-touch regime. Moon's operator, Easygo, also runs Stake.com.
Cheap to open at 1% of the wager. Expensive to misjudge at 0.100% of room.
Open Moon with codeMAXBONUSMarketMoves earns a commission when a reader opens an account through a link on this page. It costs the reader nothing and does not change the figures shown. That commission does not change what the tables say. The cost model on this page was rebuilt in August 2026 after a review found it overstated Moon's opening fee, and correcting it made Moon look cheaper, not dearer. See the affiliate disclosure and the methodology.