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Does Moomoo work internationally? Alternatives for 2022!

Franklin Carneiro da Silva| Updated December 6th, 2022

You have probably heard about the Moomoo trading app on Youtube and want to know if it is available in your country, right?

Moomoo is a commission-free trading app based in the US. It is an alternative to Robinhood or Webull. One big plus of Moomoo is that they have a welcome bonus that allows new users to earn up to 5 free stocks.

Want to know the countries where Moomoo is available, if you can benefit from the Moomoo free stock promotion, the company’s expansion plans, and some alternatives for international users? We’ve got you covered!

What is Moomoo?

Moomoo is a US trading platform founded in 2018 that offers stocks, ETFs and options trading commission-free. It is a subsidiary of Futu Holdings Ltd., regulated by the SEC, FINRA, and the MAS.

While most commission-free brokers only offer basic tools and data, Moomoo offers more advanced features.

Moomoo is also focused on growing its user base. That’s why they started offering welcome bonuses for users after they met specific criteria. Below, we cover the countries that can benefit from Moomoo’s trading platform and welcome bonuses.

What countries can use Moomoo?

The Moomoo investing app targets primarily US residents. We have tried to open a Moomoo account, and, apart from the USA, the only accepted countries were: Hong Kong SAR, Macao SAR, Malaysia, Taiwan, Japan and Singapore.

Moomoo accepted countries list

In early 2022, Moomoo announced its official launch in Australia, after its successful launch in Singapore in 2021.

Moomoo is a subsidiary of Futu Holdings Ltd, regulated in the US by the SEC and the FINRA, and Singapore’s Monetary Authority of Singapore (MAS).

Expansion to other regions such as the UK is also expected. We will keep you posted!

Moomoo Alternatives

Now, the question is, “Will I find a Moomoo equivalent in my country?”. The short answer is yes! Below, you’ll find a breakdown of Moomoo alternatives available internationally.

Are you just looking for the welcome bonus? Feel free to check our breakdown of free share promotions.

eToro

The world’s leading social trading platform with +25M users. It offers commission-free stock and ETF trading (not all ETFs are commission-free; not for US investors). eToro review available here.
Disclaimer: 79% of retail CFD accounts lose money.

Interactive Brokers

Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options, Cryptos,…), and low currency conversion fees (FX fees). Check our Interactive Brokers review.
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.

Nextmarkets

Recent commission-free broker with no currency conversion fees. Besides, you have access to “curated investing” (similar to social trading). Check our Nextmarkets review.
Disclaimer: 56.65% of retail CFD accounts lose money.

DEGIRO

A low-cost European broker that offers commission-free stock and ETF trading. DEGIRO review available here.
Disclaimer: Investing involves risk of loss.

Stake

Stake is a commission-free stock and ETFs trading platform available in the UK, Australia, New Zealand, and Brazil. New users get a free stock.

XTB

Leading derivatives trading broker. XTB offers commission-free real stock trading in some countries.
Disclaimer: 79% of retail CFD accounts lose money when trading with this provider.

Webull

Another leading US-based broker that offers commission-free stocks, ETFs, and options trading (for US-listed products). It gives access to the Webull business accounts for companies.

Wealthsimple Trade

A Canadian fintech company with a leading Robo-advisor service, plus a brokerage service that allows clients to trade stocks, ETFs, and cryptos, commission-free.

Broker

Accepts clients from

79% of retail CFD accounts lose money.

Worldwide. 
Exceptions include Canada, Japan, Hong Kong, Russia.

Europe

The UK, New Zealand, Brazil, Australia.

79% of retail CFD accounts lose money.

Worldwide.
Exceptions include the United States, Australia, Japan, Belgium, Brasil, Hong Kong, India.

US and Hong Kong (HK).

Canada.

56.65% of retail CFD accounts lose money.

European Economic Area, Chile, Colombia, South Korea, Mexico, Paraguay, South Africa, Uruguay, and others.

Worldwide (+220 countries, exceptions apply).

Conclusion

We hope you’ve found our breakdown of Moomoo and its alternatives useful.

Explore the options you find interesting, and decide for yourself! If you haven’t found a match, you can still look at our list of online brokers available by country.

As a reminder, the above information should not be construed as investment advice and should only be considered information. Investors should do their research and diligence about the services and opportunities best suited for their risks, returns, and impact strategy.

If you have any questions, feel free to leave a comment below.

Happy investing!

FAQs about Moomoo

Does Moomoo work in Canada? Can Canadians use the Moomoo investing app? 🇨🇦

No, Canadian users cannot use the Moomoo app.

Does Moomoo work in Europe and the UK? 🇪🇺🇬🇧

No, the Moomoo investment app is unavailable in Europe or the UK. You can still find similar alternatives available all across Europe: Germany, France, the Netherlands, Belgium, Poland, Switzerland, Romania, Italy, and more.

Is the Moomoo trading app available in Australia? 🇦🇺

Yes, Australian users can use the Moomoo app.

Is Moomoo available in Mexico? 🇲🇽

No, Moomoo is not available in Mexico.

Franklin Carneiro da Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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