Hello, fellow investor! In this review, we’ll delve into Moomoo, a rapidly growing trading platform, to help you decide if it aligns with your investment goals!
Moomoo is gaining popularity in markets like Australia, Canada, Japan, Malaysia, Singapore and the United States, offering a diverse range of financial products, educational resources, and advanced trading features that cater to both beginners and advanced traders.
In this review, we’ll explore Moomoo’s offerings, fee structures, pros and cons, and its suitability for different types of investors. We’ll also cover crucial aspects such as account opening procedures, supported currencies, and regulatory safety to help you decide if Moomoo aligns with your trading goals.
Let’s dive into the details and uncover what Moomoo has to offer for investors in 2026!
Overview
Moomoo is a global fintech and investment platform launched in 2018 and operated by subsidiaries of Futu Holdings Ltd, a Nasdaq-listed fintech company founded in 2012 (listed on Nasdaq since 2019). It was created with a simple goal in mind: to give everyday investors access to the kind of powerful trading tools and real-time data that were once reserved for professionals.
Since its launch, moomoo has grown quickly. Futu, which runs moomoo and the Futubull app in Hong Kong, had 31.3 million users and 3.84 million funded accounts at the end of June 2026, with client assets of HK$1.40 trillion. Investors on the platform can access a wide range of products, including stocks, ETFs and options, across major markets such as the United States, Singapore, Australia, Japan, Malaysia and Canada. This global reach makes it easy for users to explore and diversify holdings without needing multiple accounts with different brokers.
One of the things that sets moomoo apart is its emphasis on learning and community. The platform includes detailed educational materials, step-by-step courses and a built-in paper trading mode, helping users practice and improve their investing skills in a risk-free environment. The Moo Community adds a social dimension where people can share insights, follow market conversations and connect with other investors.
By combining powerful trading features with a strong focus on education and community, moomoo offers an all-in-one experience that supports users at every stage of their investing journey.
Highlights
| 🗺️ Supported countries | United States, Canada, Singapore, Australia, Japan and Malaysia |
| 💰 Stock and ETFs fees | $0 commission on US stocks in the US, US$0.99 per order in Australia, A$3 or 0.03% on ASX shares (varies by region) |
| 📈 Options fees | $0 commission on US equity options in the US, from US$0.50 per contract in Australia (varies by region) |
| 💰 Inactivity fee | None |
| 💰 Withdrawal fee | Varies by region and method |
| 💵 Minimum deposit | $0 |
| 📍 Products offered | Stocks, ETFs, Options, Futures, Warrants, ADRs, Funds (availability varies by region) |
| 🎮 Demo account | Yes |
| 📜 Regulatory entities | SEC and FINRA (USA), CIRO (Canada), MAS (Singapore), ASIC (Australia), SC (Malaysia) |
Sign-up bonus
Find out about Moomoo’s newest sign-up bonus in our article, where we explain everything you need to know about the bonus conditions.
Pros and cons
Pros
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$0 commission on US stocks and equity options for US clients, and low fees in other markets
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Opportunity to earn interest on uninvested cash (rates and promotions vary by country)
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Advanced trading tools provided for comprehensive charting and analysis
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Social trading features offer community-driven insights and discussions
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Regulated by the main financial authority in each market where it operates
- Educational resources including tutorials, webinars, and market insights
Cons
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Limited product range, with some asset classes like CFDs, bonds and cryptocurrencies unavailable
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There are limited options available for deposits and withdrawals
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Geographic restrictions may limit accessibility
- Significant fee for transferring stocks out
Fees
Moomoo’s fees depend on the country you open your account in, since each market is served by a different Futu subsidiary. In general, you will pay:
- Commissions: charged by moomoo for executing each trade. In some markets they are $0, at least for an introductory period.
- Platform fees: a fixed or percentage fee per order for using moomoo’s trading platform.
- Contract fees: per-contract fees on options and futures.
- Pass-through fees: exchange, clearing and regulatory fees, such as the SEC fee on US stock sales.
The table below shows the main trading fees in four of moomoo’s markets:
| Product | Australia | Malaysia | Singapore | United States |
|---|---|---|---|---|
| US Stocks and ETFs | US$0.99 per order | RM0 commissionFor new users, for 180 days. Check the moomoo Malaysia pricing page for the standard rates. | $0 commission + platform fee US$0.99 per order | $0 commission |
| AUS Stocks and ETFs | A$3 or 0.03% of the trade value, whichever is greater | Not available | Not available | Not available |
| Malaysia Stocks and ETFs | Not available | RM0 commissionFor new users, for 180 days. | Not available | Not available |
| SG Stocks and ETFs | Not available | Not available | Platform fee 0.03% (min. S$0.99 per order), commission-free for the first year (T&Cs apply) | Not available |
| HK Stocks and ETFs | HK$3 or 0.03% of the trade value, whichever is greater, + platform fee HK$15 per order | Not available | Platform fee HK$15 per order (commission-free for 30 days for new users) | Not available |
| US Options | From US$0.50 per contract (lower with volume) | RM0 commissionConditions apply. Check the moomoo Malaysia pricing page. | Fixed: US$0.65 per contract (min. US$1.99) + platform fee US$0.30 per contract (min. US$0.99). Tiered plan available | $0 per contract on equity options, $0.50 per contract on index options |
Trading fees from moomoo’s Australian, Malaysian, Singaporean and US websites (October 2026), excluding pass-through fees, FX costs and GST. Promotions can end at any time.
Non-trading fees
Moomoo is competitive on non-trading fees. It charges no inactivity, custody or account maintenance fees, and in Australia withdrawals are free. Currency conversion fees apply when you exchange money to trade in another market, and small regulatory and exchange fees are passed through on each trade.
Below are the main non-trading fees for US accounts (Moomoo Financial Inc.):
| Type | Fees |
|---|---|
| Inactivity fees | $0 |
| Custodian fees | $0 |
| Account maintenance fees | $0 |
| ACH Transfer | Deposit: $0 / Withdrawal: $0 |
| Domestic Wire transferAdditional wire transfer fees may be charged by any originating, intermediary, or recipient bank. | Deposit: $0 Withdrawal: $20 |
| International Wire transferAdditional wire transfer fees may be charged by any originating, intermediary, or recipient bank. | Deposit: $0 Withdrawal: $25 |
| Stock transfer | Deposit: $0 Withdrawal: $75 per transfer |
| Currency exchangeThe amount of the fees varies depending on the currency and may be up to 300 basis points. | Up to 300 basis points |
Non-trading fees for Moomoo Financial Inc. (US) clients. Banks involved in a wire transfer may charge their own fees.
- Deposits: Moomoo does not charge any fees for ACH deposits. Wire deposits are free on moomoo’s side, but your bank or an intermediary bank may charge a fee.
- Withdrawals: Moomoo offers fee-free ACH withdrawals. For wire transfers, domestic withdrawals incur a fee of $20, and international withdrawals cost $25.
Products and markets
The availability of markets and products on Moomoo varies depending on the country you are trading from. Some products, such as U.S. stocks and ETFs, are available in all supported regions.
Additionally, Moomoo provides access to Hong Kong stocks, U.S. options, and ADRs in multiple countries, depending on each region’s specific regulations and offerings.
Here is a table to help you check the availability of specific products in your country:
| Product | Australia | Malaysia | Singapore | United States |
| US Stocks & ETFs | ✔ | ✔ | ✔ | ✔ |
| AUS Stocks & ETFs | ✔ | ✘ | ✘ | ✘ |
| HK Stocks & ETFs | ✔ | ✘ | ✔ | ✔ |
| JP Stocks & ETFs | ✘ | ✘ | ✔ | ✘ |
| China A-Shares | ✘ | ✘ | ✔ | ✔ |
| SG Stocks | ✘ | ✘ | ✔ | ✔ |
| MYS Stocks & ETFs | ✘ | ✔ | ✘ | ✘ |
| Options | ✔ | ✔ | ✔ | ✔ |
| Futures | ✘ | ✘ | ✔Moomoo does not offer negative balance protection. This means that if your account balance goes negative, you are responsible for covering the deficit. | ✘ |
| Funds | ✘ | ✘ | ✔ | ✘ |
| Warrants | ✘ | ✔ | ✔ | ✘ |
| ADRs | ✔ | ✔ | ✔ | ✔ |
Interest on uninvested cash
Moomoo pays interest on uninvested cash, in the US through its Cash Sweep program. Rates move with central bank rates and vary by country, and moomoo often runs time-limited promotions for new clients that add a booster rate on top of the base rate for a few months and up to a balance cap.
Because the promotional headline rate can be much higher than the standard rate you earn once the offer ends, check both on moomoo’s website for your country before choosing the broker for its cash interest.
Interest from the Cash Sweep program is calculated daily and paid out monthly, usually at the end of each month, to the designated swept account. You have the option to filter and review all program records within the securities account under “fund details.”
Safety and regulation
Moomoo is regulated by the main financial authority in each market where it operates. As a subsidiary of Futu Holdings Ltd., which is listed on the NASDAQ stock exchange, Moomoo benefits from additional transparency and oversight.
Futu operates globally through various subsidiaries, ensuring regulatory compliance in multiple jurisdictions, including the U.S., Singapore, Australia, Malaysia and other countries. In 2026, Futu also obtained a Type A licence in Thailand.
Investor protection depends on the subsidiary you sign up with. US and Canadian clients are covered by investor compensation schemes, while clients in Singapore, Malaysia and Australia rely on the segregation of client assets.
When opening an account with Moomoo, you will register with one of Futu’s subsidiaries. According to Futu Holdings Form 20-F*, these are the main subsidiaries and the regulators that supervise them.
*For more details, you can consult Futu Holdings’ Form 20-F here.
To provide a clear overview of the regulatory and investor compensation schemes, we have created the following table, which details the regulatory bodies, investor protection amounts, and applicable regions for each subsidiary:
| Subsidiary | Regulatory body | Investor compensation scheme | Applicable regions |
|---|---|---|---|
| Moomoo Financial Inc. | SEC and FINRA | SIPC protection up to $500,000 (including $250,000 for cash) | United States |
| Moomoo Financial Canada Inc. | CIRO | CIPF protection up to C$1,000,000 | Canada |
| Moomoo Financial Singapore Pte. Ltd. | MAS | None | Singapore |
| Moomoo Securities Malaysia Sdn. Bhd. | SC | None | Malaysia |
| Futu Securities (Australia) Ltd. | ASIC | None | Australia |
Trading platform
Moomoo’s trading platform is available on both web and mobile, offering a seamless trading experience across devices. The platform is known for its intuitive design and robust functionality, providing users with real-time data, advanced charting tools, and a customizable interface.
Moreover, Moomoo offers versions compatible with iPhone, Android, Windows, and Mac, ensuring accessibility across various devices.
Below, we provide an overview of Moomoo’s mobile trading app, highlighting some of the unique features in the company tab. Here, you will find some tools to help you analyze the financials of any stock. For demonstration purposes, we have chosen AAPL (Apple Inc.).
These tools include several indicators and features, such as:
- Financial indicators: this includes metrics such as Free Cash Flow (FCF), Earnings Per Share (EPS), Return on Equity (ROE), Return on Assets (ROA), Gross Margin, Current Ratio and others.
- Institutional and shareholders positions: You can track the distribution and changes in both shareholder positions and institutional holdings.
- Revenue breakdown: You have the ability to analyze the sources of a company’s revenue.
- Operating data: You have access to detailed operating data, including smartphone shipments, smartphone market share and more.
- Insiders’ activity: Here, you can monitor the trading activity of company insiders.
Account opening
Opening an account with Moomoo is straightforward and can be done entirely online. The process involves a few steps:
- Registration: provide your email address and create a password.
- Verification: complete identity verification by uploading necessary documents (e.g., ID, Passport, proof of address).
- Funding: in the U.S., you can deposit funds via ACH or bank wire transfer. Deposit methods may vary in other regions.
Minimum deposit
The minimum deposit required to open an account is $0.
Supported currencies
Supported currencies vary depending on your country of residence. Currently, for Moomoo users:
- In the US, only a USD deposit is supported.
- In Malaysia, only MYR deposits are supported.
- In Australia, only AUD deposits are supported.
- In Singapore, you have the flexibility to deposit various currencies including MYR, IDR, AUD, GBP, EUR, SGD, USD, and HKD. It’s important to note that when you deposit funds, the currency in your broker-balance account will either be SGD or USD.
Despite the fact that most countries only accept deposits in their domestic currency (except Singapore), you can utilize the “Currency Exchange” function within the Moomoo App to convert currencies. For example, you can convert AUD into USD. This feature applies to all supported currencies.
Does Moomoo offer a demo account?
Moomoo also provides a demo account feature (Paper Trading) with virtual funds, and we have tried it. This feature is particularly valuable for novice users, enabling them to practice trading and familiarize themselves with the platform without incurring any financial risk.
Social and community features
Moomoo integrates social trading features, creating an interactive community hub where users can share insights, discuss market trends, and track the trades of experienced investors. This collaborative approach is particularly beneficial for new traders, offering them valuable learning opportunities and building confidence in their trading abilities.
Within the “Moo Community” tab, you’ll discover two distinct sections:
- Feed: Allows you to post and explore content shared by fellow users. Here, you can contribute your own insights, engage in discussions, and gain valuable perspectives from other traders.
- Topics: In this section, you can explore and engage in discussions on the most current hot topics with fellow community members.
Moomoo also provides a variety of interactive tools and free content, including courses and live broadcasts. These resources are designed to enhance your trading skills and keep you informed about the latest market developments.
Moomoo’s paperfolio
In addition to the social and community features previously mentioned, Moomoo offers a robust tool on its desktop trading platform: the Moomoo Paperfolio.
This feature allows you to create simulated investment portfolios containing a diverse range of shares from various markets. It helps you simulate trading a basket of stocks, visualize your investment ideas, and potentially explore investment opportunities.
You can create up to 30 paperfolios per account, each containing up to 50 stocks. It’s a cool feature that allows you to create and share your investment ideas on Moomoo’s desktop trading platform.
Customer support
A notable positive aspect of moomoo’s customer support is its 24/7 availability. Customers can contact the support team via email, phone, or live chat, highlighting their commitment to accessibility and convenience. This ensures that users can get assistance anytime, day or night.
However, despite the extensive availability, our experience with email support was less satisfactory. We reached out via email to request additional information but did not receive a timely response.
In contrast, when we used the live chat support through the mobile app, we received prompt and helpful responses, indicating that this might be the best option for users seeking immediate assistance.
Countries available
Moomoo serves investors in the United States, Canada, Singapore, Australia, Japan and Malaysia. In Hong Kong, Futu operates under the Futubull brand instead of moomoo.
Moomoo is not available in Europe or the UK. If you live outside its supported markets, you will need a different broker.
Bottom line
Moomoo is a strong choice for traders seeking low fees, robust research tools and a user-friendly interface. Its advanced features and community-driven approach make it suitable for both beginners and experienced investors.
Moomoo offers a user-friendly mobile app, $0 commission on US stocks for US clients, low fees in its other markets and interest on uninvested cash (often boosted by limited-time offers). However, potential users should be aware of the limited product range and the absence of negative balance protection.
Overall, Moomoo is a compelling option for investors in its supported markets, offering a blend of affordability, innovation, and quality service. These features make Moomoo an attractive platform for those seeking comprehensive trading tools and social trading features.
