Moomoo Reviews

Moomoo’s services include self-directed trading, market research, cash management, investor education and portfolio-tracking tools.

• Account services: You receive cash management features and portfolio tracking tools to monitor your investments.
• Cash Sweep: You can enroll eligible uninvested brokerage cash in Moomoo’s Cash Sweep program. The money is moved to interest-bearing accounts at participating banks but remains available for investing or withdrawal. Interest accrues daily and is paid monthly. Eligibility requirements and annual percentage yields may change.
• Crypto: You can buy and sell supported cryptocurrencies through a separate Moomoo Crypto account.
• Education: You’ll have access to investing courses, tutorials and other educational resources.
• Event contracts: You can trade contracts based on the outcomes of real-world events.
• Market data and research: Moomoo provides real-time market data, news and research tools while its AI model summarizes stock information and market trends.
• Options: You can trade stock and ETF options with no commission or contract fee. Index options cost 50 cents per contract. Regulatory and exchange fees may also apply.
• Stocks and ETFs: You can trade U.S. stocks and ETFs with no commission. Regulatory, exchange and other fees may still apply.
• Trading tools: You gain access to professional-grade charting, stock screeners, heat maps and customizable alerts. The platform includes Wall Street analyst ratings with details on analyst history, success rate and rankings from over 4,000 analysts. Morningstar ETF ratings are available for comparing funds.

Moomoo charges no commission for online trades of U.S. stocks and ETFs. Stock and ETF options also have no commission or contract fee, although regulatory and exchange fees may still apply. Index options cost 50 cents per contract.

There’s no annual brokerage account fee or minimum deposit requirement. Automated Clearing House deposits and withdrawals are free. A reversed ACH withdrawal costs $10. Wire withdrawals cost $20 to a U.S. bank or $25 to a foreign bank.

Cryptocurrency is offered through a separate Moomoo Crypto account and has its own trading and withdrawal fees.

Margin trading is available to eligible accounts with at least $2,000 in assets. The margin interest rate is 6.8% at the time of publishing. Event contracts have no commission, although contract prices vary and trading losses are possible. American depositary receipts may carry annual custody fees of 1 cent to 5 cents per share.

Moomoo’s U.S. brokerage services are available nationwide. Cryptocurrency and event-contract availability may vary by state and customer eligibility. Beyond the U.S., the platform operates internationally. The company is live in Australia, New Zealand, Japan, Singapore, Canada and Malaysia.

Moomoo works best for self-directed investors who want access to market data, research, educational resources and advanced trading tools. It can work for newer investors who are comfortable researching investments and making decisions on their own, as well as active traders who want charting, screening and analytics features.

Overall, the platform is a better fit for people who prefer making their own investment decisions than for those who want managed portfolios or personalized investment advice.

Yes, Moomoo is worth considering, especially if you’re comfortable managing your own investments and want real-time market data, research tools and educational resources in one platform. The platform offers commission-free U.S. stock and ETF trading, along with tools for charting, screening investments and tracking market activity.

However, some products and features have separate fees, eligibility requirements or location restrictions, so review the terms for those you plan to use. Moomoo provides customer support and educational resources, but not personalized investment advice, so consider another platform if you want guidance tailored to your goals and financial situation.