Moomoo Review · 2026

What is Moomoo?

Moomoo is a digital multi-asset broker brand operated by licensed subsidiaries of Futu Holdings Limited (NASDAQ: FUTU), a Hong Kong founded holding company listed on the Nasdaq Global Select Market since March 2019. Moomoo Inc., the technology operator behind the brand, was founded in 2018 and is headquartered in Palo Alto, California.

The group serves clients through separate regulated entities in the United States, Singapore, Australia, Hong Kong, Japan, Malaysia, and Canada. Futu Holdings' quarterly filings disclose more than 27 million registered users across the Futubull and Moomoo platforms as of the 2025 reporting cycle.

Moomoo's business model is a proprietary platform brokerage rather than a MetaTrader reseller. The product menu centers on equities, exchange-traded funds, listed options, and futures rather than spot retail forex.

Which regulators license Moomoo?

Moomoo operates through five separately licensed subsidiaries. Each registration was confirmed active on the relevant regulator's public register on the scan date.

In the United States, Moomoo Financial Inc. is registered with the SEC (US Securities and Exchange Commission) and FINRA (Financial Industry Regulatory Authority) under SEC 8-69739 and CRD 283078. Client assets are covered by SIPC (Securities Investor Protection Corporation) up to 500,000 USD, including 250,000 USD in cash.

In Singapore, Moomoo Financial Singapore Pte. Ltd. holds a Capital Markets Services Licence from the MAS (Monetary Authority of Singapore) under CMS101000. In Australia, Moomoo Securities Australia Ltd operates under an Australian Financial Services Licence from the ASIC (Australian Securities and Investments Commission) under AFSL 224663. Hong Kong clients onboard to Futu Securities International (Hong Kong) Limited, licensed by the SFC (Securities and Futures Commission) under CE number AZT137 for Type 1, 2, 4, 5, 7, and 9 regulated activities.

What trading platforms does Moomoo offer?

Moomoo runs an in-house platform suite across three surfaces: Moomoo Desktop for Windows and macOS, Moomoo Web in the browser, and Moomoo Mobile on iOS and Android. All three share one ordering and market data stack.

The platform ships with Level 2 market depth on US equities, charting with 60+ technical indicators, multi-leg options strategy builders, an integrated news feed, and a built-in earnings calendar. Moomoo does not support MT4 (MetaTrader 4), MT5 (MetaTrader 5), or cTrader, which removes Expert Advisor (EA) automation common in retail forex. The mobile app holds a rating above 4.7/5 on the Apple App Store and Google Play across major markets and supports unlimited paper trading with no time or balance cap.

What account types does Moomoo offer?

Moomoo's account menu depends on the licensed entity the client signs up with. United States residents open a Moomoo Financial Inc. cash account or margin account, with optional IRA (Individual Retirement Account) variants for retirement saving.

Singapore clients open a Moomoo Financial Singapore Pte. Ltd. trading account, with custody-style protections under MAS rules. Australian residents open a CHESS-sponsored account, which records share ownership directly with the ASX (Australian Securities Exchange) clearing system rather than under an omnibus structure. Joint accounts, corporate accounts, and trust accounts are offered in selected jurisdictions. A free demo account is available in every market and does not require a deposit.

What is Moomoo's minimum deposit?

Moomoo's minimum deposit is 0 USD across its main markets, including the United States, Singapore, and Australia. There is no funding hurdle to activate a live account.

Certain features carry their own thresholds. Margin trading on a US account requires 2,000 USD in minimum equity per FINRA Reg T rules. Pattern Day Trading (defined by FINRA as four or more day trades within five business days) requires a 25,000 USD account floor in a margin account. The 0 USD entry point sits well below the industry-standard 100-250 USD retail forex band.

Deposit and withdrawal methods

Moomoo funds bank-based rails rather than credit cards or e-wallets. United States clients fund via ACH (Automated Clearing House) transfer at no charge, or by domestic wire at 8 USD when the deposit is below 25,000 USD.

International wires cost 25 USD below the same threshold and are waived above it or on a first deposit. Singapore clients fund via FAST (Fast And Secure Transfers) or PayNow with no Moomoo-side fee. Australian clients fund via BPAY or domestic bank transfer. Withdrawals follow the same rails as deposits and typically settle within one to three business days for ACH and one business day for FAST.

Tradeable instruments

Moomoo's product set is multi-asset, with the exact list dictated by the licensed entity. United States clients access US equities, US ETFs, single-leg and multi-leg US options, OTC pink sheet stocks, and CME futures through Moomoo Futures Inc.

Singapore clients add Hong Kong equities, Singapore equities, mainland China A-shares via Stock Connect, and units in Singapore-listed REITs. Australian clients access ASX-listed equities and ETFs, plus US and Hong Kong listings through cross-border access. Spot retail forex is not a core product on any Moomoo entity, so traders looking for pure forex pairs would use a different broker.

Spread and commission structure

Moomoo's pricing is commission-led, not spread-led, because the product set is equities and options rather than retail forex. United States stocks and ETFs trade at zero commission for US residents.

US options carry a 0.65 USD per contract base rate with no platform fee. Singapore equities run at 0.03% commission with a 0.99 SGD minimum during launch promotions. Hong Kong equity commissions run at 0.03% with a 3 HKD minimum. Australian ASX trades incur 3 AUD or 0.03%, whichever is higher. Spreads on instruments are the live exchange book spreads, since Moomoo routes orders through regulated venues rather than internalizing them as a market maker.

Leverage and margin requirements

Moomoo's maximum leverage is set by regulator, not by broker choice. United States margin accounts run under FINRA Reg T at 1:2 for overnight equity positions and 1:4 for intraday day-trading buying power on Pattern Day Trading accounts.

Singapore retail margin follows MAS rules and typically caps at 1:2 for equities. Australian margin on equities sits at 1:2 to 1:5 depending on the security and ASIC's product-specific caps. Futures margin is set per contract by the exchange and Moomoo's clearing FCM (Futures Commission Merchant). The annual USD margin interest rate at Moomoo US is 6.8% as of the scan date, below the industry-standard 8-12% retail band but above the lowest-cost peers.

How does Moomoo's customer support work?

Moomoo's support runs through in-app chat, email, and phone, with channels and hours varying by entity. United States support operates Monday through Friday, 06:00 to 20:00 Eastern, via in-app chat, email, and the published +1 888 721 0610 line.

Singapore support operates Monday through Friday during local business hours and adds a Mandarin-language channel. Australian support is offered in English over phone and email. The Help Center covers account funding, tax forms, options approval, and platform tutorials in long-form articles. Live chat agents are routed by the entity the client opened with, so cross-entity questions sometimes redirect.

Moomoo mobile app and trading experience

Moomoo's mobile app is the brand's flagship surface, and the desktop builds inherit the same data and ordering stack. The app delivers Level 2 quotes, real-time news, earnings calendars, an options profit-and-loss visualizer, and the paper-trading sandbox in a single bundle.

Push notifications cover price alerts, earnings releases, and options assignment events. The app supports nine languages, including English, Simplified Chinese, Traditional Chinese, Japanese, Malay, and Bahasa Indonesia. Biometric login, two-factor authentication, and device whitelisting are enabled by default. Mobile users represent the majority of the brand's order flow per Futu Holdings' published quarterly disclosures.

Moomoo fees beyond the spread

Moomoo's headline pricing is commission-free, but the broker publishes a layered fee schedule on its official site. United States accounts incur a 75 USD outgoing ACAT (Automated Customer Account Transfer) fee, a 0.000166 USD per share SEC transaction fee on equity sales per current SEC schedules, and FINRA Trading Activity Fees.

There is no monthly inactivity fee on Moomoo Financial Inc. accounts as of the scan date. ADR (American Depositary Receipt) custody fees apply per security per issuer schedule. Options exercise and assignment carry no extra Moomoo-side charge, although clearing-house pass-through fees may appear on the contract note.

Broker features at a glance

Who is Moomoo best for?

Moomoo's strongest fit is a self-directed, technology-comfortable equity investor who values Level 2 data, low commission, and a polished mobile experience. The broker is a poor fit for spot retail forex traders, since the spot FX product set is not offered and there is no MT4 or MT5 support.

Cost-sensitive options traders find the 0.65 USD per contract rate competitive but should compare it against zero-commission options venues at high contract volume. Investors who want a publicly audited parent get full coverage through Futu Holdings' NASDAQ filings, while clients in jurisdictions outside the five licensed markets do not have a direct route to open an account.

Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.