Moomoo Review 2025

Pros

• Moomoo is a FINRA and SIPC member, providing additional security for potential clients interested in trading.
• The fees for options contracts have been lowered from $0.65 to $0.
• Moomoo is a licensed entity with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS).
• The broker provides early access to trading hours before the market opens.
• The broker requires no minimum deposit, making it suitable for beginner traders.

Cons

• The protection against negative balance, a standard security measure at highly regulated brokers, is not available here.
• Regrettably, even with its existing security features, this platform still lacks 2 factor authentication (2FA).
• The broker doesn't offer phone or live chat support, options typically provided by other brokers.

Moomoo shines as a broker primarily for US and Hong Kong stocks. Trust is key; rest assured, your funds stay secure here. You can access a decent variety of global stocks with competitive conditions. Entry requirements are lower than many alternatives, making it more accessible. The platform is user-friendly, with handy stock trading tools. Plus, Moomoo provides enough resources, so you won’t need to search elsewhere. In my experience, this balance of pros and cons positions Moomoo as a solid choice.

Accounts

Exploring Moomoo’s Individual Margin Account revealed no minimum deposit is needed to begin trading. Accessible investments include US and international options and ETFs. Zero commissions and platform fees are impressive, plus free Level 2 market data.

What I’d Like To See

Moomoo lacks savings or retirement accounts and has no investment portfolios or robo-advisory features. Adding these could match top competitors like Webull or E*Trade.

How To Open A Live Account

Registering was easy using an email or phone number. To open an account, click ‘Open Account’ on the website:

1. Select your country of residence
2. Enter your personal details like name, birth date, and address
3. Provide your employment status and income information
4. Submit your registration form for same-day processing

Fees & Costs

Moomoo stands out as a cost-effective broker for trading US stocks and options. It charges no account opening, maintenance, or inactivity fees, which simplifies profit calculations for traders.

US residents enjoy commission-free trading of stocks, ETFs, and options, although a 0.03% commission applies to Hong Kong and A-Share stocks, alongside platform fees.

A notable advantage for traders is the absence of options contract fees, offering savings compared to brokers like Fidelity, which charges $0.65 per contract. Still, traders should be aware of regulatory and transaction fees, such as:
– SEC fee for stock sells (0.000008 x transaction amount)
– Trading Activity Fee (TAF) at $0.000145 per share
– ADR custodian fee from $0.01 to $0.05 per share

For options, a TAF of $0.00244, Options Regulatory Fee (ORF) of $0.02905, and Options Clearing Corp (OCC) fee of $0.02 per contract are applicable.

In Hong Kong and China, a 0.03% commission or a minimum of 3 HKD/CNH applies, with a platform fee of 15 HKD/CNH per order. Additional charges include:

• Trading tariff: HK$0.50 per transaction
• Stamp duty: 0.13% of the transaction amount
• Settlement fee: 0.002% of the transaction amount
• SFC transaction levy: 0.0027% of the transaction amount
• FRC transaction levy: 0.00015% of the transaction amount
• Exchange trading fee: 0.00565% of the transaction amount

Moomoo’s margin rates are competitive, with Webull offering similar rates: 6.8% for US and HK stocks and 8.8% for China A-Shares. As such, Moomoo remains a low-cost choice, though industry-standard fees should not be overlooked.

Assets & Markets

Moomoo excels with over 5,000 stocks and ETFs, outshining Bestinvest and Nutmeg. It offers shares from diverse markets:

• China – A-shares through the Hong Kong Exchange
• Hong Kong – Stocks and ETFs via the Hong Kong Exchange
• US – Stocks, options, ETFs, ADRs, OTC, and IPOs across NASDAQ, NYSE, and Chicago Mercantile Exchange

Australian clients can access ASX-listed stocks like Rio Tinto and ANZ Group. Moomoo Financial Singapore also allows futures trading. Select a futures account upon registration, transfer cash, and use the contract code to trade.

Deposits & Withdrawals

Deposits

Moomoo appeals to new traders with no minimum deposit requirement. You can fund accounts in USD, HKD, SGD, or CNH, depending on your location. Use ACH or bank wire transfers for funding, similar to other trading platforms.

• ACH Transfer: US accounts only, no deposit fee, settles in 5 days, $5,000 limit per transaction
• Domestic Bank Wire: $10 fee plus bank charges (up to $50), settles in 1-3 days
• International Bank Wire: $10 fee plus bank charges (up to $70), settles in 1-3 days

Singapore clients can also use Wise for deposits. Traders get instant buying power on US stocks and IPOs, interest-free, with $1,000 limits. This can increase to $2,000 with sufficient assets. Instant buying power is available once your deposit clears, or within 7 days of initial grant.

Withdrawals

ACH withdrawals are fee-free, but domestic bank wires cost $20, international wires $25. Processing takes up to 5 business days, meeting industry norm. Though the maximum withdrawal is $10,000, multiple transactions are allowed. Bank wire withdrawals are only available in USD. Moomoo’s rates resemble those of Webull; however, they are higher than eToro US, which charges $5.

Platforms & Tools

Moomoo shines with its powerful trading platform for Windows and Mac, though it lacks web browser compatibility. The platform is well-suited for both new and experienced traders.

Design & Usability

Moomoo stands out with its customizable and modern interface. The clean design allows easy navigation and displays up to six charts at once. Key functions are accessible from the main window, enhancing user experience.

Charting Tools

The range of tools is top-notch, rivaling leading platforms. Moomoo offers over 63 technical indicators, 38 drawing tools, and 190+ pre-set customizable functions. Its auto-suggestion feature aids seamless asset search.

Trade Orders

Moomoo offers all basic and advanced order types:

• Limit
• Market
• Auction
• Stop
• Stop Limit
• Market if Touched
• Limit if Touched
• Trailing Stop
• Trailing Stop Limit

These options provide flexibility in trading strategies.

Stock Analysis

The stock analysis tools are robust, featuring sentiment indicators and institutional data. The customizable stock screener lets users filter stocks with 100+ indicators, making research comprehensive.

Improvements Needed

Integrating accessible analysis and educational tools would enhance Moomoo’s offering. An economic calendar, tutorials, and trading webinars would help users needing extra guidance.

Mobile App

Moomoo’s app, free on iOS and Android, offers impressive trading tools. Download it from the app store or use website QR codes. It’s available in English and Chinese, making it accessible.

The app replicates desktop features, giving traders real-time charts and trade history. It supports thorough investment reviews with economic data and earnings calls.

Key features include:

• 100+ advanced indicators and charting tools
• Six customizable charts at once
• Detailed company insights and institutional tracking
• 24/7 financial news from Bloomberg, Dow Jones, and others
• Instant currency exchange for Hong Kong stock trading

Regulation & Trust

Moomoo stands out as a well-regulated broker across major jurisdictions. Moomoo Financial Inc. is regulated by the US SEC and FINRA, both known for strict client protection rules. Clients are also protected up to $500,000 through SIPC membership in case of financial failure. In Singapore, Moomoo operates under a capital markets license by the MAS. The parent company, Futu Holdings, is listed on NASDAQ, adding trustworthiness. Futu Securities operates in Hong Kong under SFC regulation and in Australia under ASIC. Importantly, Moomoo segregates client funds from operational capital, ensuring added safety.

Moomoo Leverage

Moomoo offers margin trading on US stocks at a 1:2 ratio, but you need at least $2,500 in net assets to qualify. The annual margin rate is a flat 6.8%. Keep in mind, trading with margins is risky. You can lose more than your initial deposit. Beginners should carefully evaluate if this approach suits their experience level.

Demo Account

Moomoo stands out by offering a free demo account for all instruments. These ‘paper trading accounts’ help you learn platform features and test strategies without risk.

Impressively, the demo account includes up to $1 million in virtual funds for stocks and options trading, and up to $10 million for futures trading.

However, the demo mode differs from actual trading. It’s a simulated browser version without technical analysis features, and real desktop platform access is unavailable.

Additionally, pre-market and after-hours trading aren’t permitted through the demo account.

Bonuses & Promotions

Moomoo offers some attractive promotions based on where you live. In the US, new clients can receive up to 15 free stocks plus an extra share from a major company like Tesla or Google. Each stock can be worth between $2 and $2,000.

The amount of free stocks you get depends on your deposit. A $100 deposit grants 5 free stocks, while $1,000 gives 15. Deposit $5,000, and you’ll receive 15 free stocks along with an additional share from a leading firm.

Moomoo also has referral and cash reward bonuses occasionally.

Research

Market Analysis

Moomoo’s Market Analysis section excels with its variety of research tools. You’ll find live global financial news from top sources like Bloomberg and updates on stock price fluctuations.

Features include earnings and financial calendars, a heat map, and a stock screener with over 100 indicators. The institutional tracker lets you view top firm performances.

The ‘Sparks’ section is a highlight, monitoring emerging industries such as nuclear power, Metaverse, and weight loss drugs.

What I’d Like To See

Moomoo could improve by adding a search function and categorizing articles. This would organize the information better and help find specific resources easily.

Education

Moomoo Community

Moomoo’s vibrant global community, with over 200,000 members, excels in trading insights and discussions through its intuitive social feed.

Learning Centre

Moomoo impresses with its rich educational resources. The ‘Learn’ section offers in-depth investment courses, including articles, webinars, and videos.
The Library organizes topics like stocks, fundamental analysis, and options for easy access.

Customer Support

Moomoo’s customer support is limited. It’s only available from 8:30 am to 4:30 pm ET, which might not be enough for clients. Many competitors offer 24/5 or even 24/7 support.

You can reach out via:

• Email – support@moomoo.com
• Social media – Twitter and Facebook
• Address – 720 University Avenue, Suite 100, Palo Alto, CA 94301, USA

Moomoo lacks a live chat feature and a phone number, which is a disadvantage compared to other brokers.

Security & Safety

Moomoo stands out for its strong encryption and data privacy. However, there’s only a one-step login for both mobile and desktop access. A more secure two-step or biometric login would match its tech-savvy image better. On the upside, the ‘Moomoo Token’ enhances security with a dynamic 6-digit code every 30 seconds for transactions.

Company Background

Moomoo Inc., a Futu Holdings Ltd subsidiary, launched in March 2018. It aims to offer a user-friendly and strong investment platform featuring advanced technology. This appeals to both new and experienced traders. With extended trading hours and welcome bonuses, Moomoo attracts many traders. It focuses on US and Chinese investors and operates under the regulation of the SEC, MAS, and ASIC. Additionally, it provides US customer fund protection up to $500,000 through SIPC membership. Futu, its parent company, has backing from prominent investors like Tencent, Matrix, and Sequoia.

Trading Hours

Moomoo offers flexible trading hours, including pre- and after-market sessions for certain assets. For US assets, the trading times are as follows:

• Pre-market hours: 4:00 am to 9:30 am (EST)
• Regular hours: 9:30 am to 4:00 pm (EST)
• After-market hours: 4:00 pm to 8:00 pm (EST)

These hours follow the standard Monday-to-Friday schedule. However, timings might differ depending on the instrument.

Should You Trade With Moomoo?

Moomoo is a reliable trading platform, great for both beginners and seasoned investors. It offers easy-to-use tools and a demo account. With no minimum deposit, it’s perfect for those with less capital. However, its product range is limited for diversifying beyond equities. More customer service options would be beneficial. Overall, Moomoo remains a solid choice, especially for US investors.

Alternatives To Moomoo

These similar brokers are the highest rated alternatives to Moomoo.