Your opening fee is genuinely, structurally cheap, and Moon documents it clearly enough for you to check. Three other costs are either unpublished or undocumented, the licence is light-touch, and the product is still in beta. Use it at a size you would not mind losing, which is also the only size the maths supports.
- Opening fee1% of the wager
- Max leverage1000x
- Loss capped atthe wager
- Rolling feeevery 8h, rate unpublished
- Asset classes5, no ticker list
- Statusopen beta
What it gets right
The fee structure. Charging 1 per cent on your wager rather than a percentage of notional is the most consequential design choice in the product, and it is the one that favours you. Moon documents it 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. Platforms do not usually volunteer the sentence that closes off the more profitable reading.
Second, the loss cap. Moon says your account cannot go below zero from a bet. With liquidation at exactly one part in the leverage, you know your worst case before you commit and it is your wager. That is a cleaner promise than a margin account makes you.
Third, pricing 24 hours a day on equities and indices. An oracle covers the hours the underlying exchange is shut, which will be either the best or the worst feature here depending on your self-control.
What it does not tell you
The rolling fee rate. It is charged every 8 hours, Moon calls it dynamic, and no number appears in the documentation. If you hold for a day that is your dominant unknown, and it is why no page here quotes you 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, your true round trip on a winning position sits well above 1 per cent, and pricing a bet off the glossary alone will leave you surprised at settlement.
And the instrument list. Asset classes are published and tickers are not, so you cannot confirm a market is available until you open an account.
The licence and the operator
Moon comes from Easygo, the company behind Stake.com, so there is real engineering and real scale behind the product. Third-party reviews place the licence in Anjouan, a light-touch regime that gives you limited practical recourse next to a UK, Malta or Australian licence. Nobody hides that, and nobody should find it reassuring.
The platform is in open beta. Treat feature and pricing changes as likely rather than possible, and read the terms again before each deposit.
Operator: trade press. Licence and market counts: third-party review, not corroborated by Moon's own documentation.
Who it suits
You, if you want a defined-loss punt on a direction over hours rather than weeks, you understand that 1000x means 0.100 per cent of room, and you are sizing at an amount whose total loss would annoy you rather than hurt you. The flat 1 per cent fee keeps small stakes viable where notional pricing does not.
Who should stay away
Anyone who needs a position to survive overnight, because over that horizon your dominant cost 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 1000x button as an opportunity rather than as a 0.100 per cent stop, and anyone who would need the money back.
What your downside is capped at
Moon states that a bet cannot take your account below zero, and that your position closes once it has lost an amount equal to your wager. So your wager is your loss. At 1000x that arrives after a 0.100 per cent move, and then it stops.
That is a real difference from a margin account, where an adverse gap can leave you owing a balance. It is also why a multiplier this size is survivable enough to write about. What you are carrying is the speed at which 0.100 per cent arrives.
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.
Questions people actually ask
Is the 1% charged on my stake or on my leveraged position?
On your 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 multiplier from 2x to 1000x.
Can I lose more than I put in?
Moon says no. It states an account balance cannot go below zero as a result of a bet, and it closes your position once it has lost your wager.
What does 1000x liquidate at?
A 0.100 per cent adverse move. Moon's own example uses Bitcoin at $60,000: a $100 wager at 1000x is gone by $59,940.
What does it cost to hold overnight?
You cannot tell from the documentation. A rolling fee applies every 8 hours at a rate Moon describes as dynamic and does not publish.
Which markets can I bet on?
Moon lists cryptocurrency, equities, forex, commodities and futures. It publishes no instrument list, so availability is verified per market by hand and you get no link where nobody has checked.
Is Moon regulated?
Third-party reviews place the licence in Anjouan. That is a light-touch regime. Moon's operator Easygo also runs Stake.com.
Cheap for you to open at 1% of the wager. Expensive to misjudge at 0.100% of room.
Open Moon and trade at 1000xMARKETMarketMoves 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.