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Moomoo

Moomoo Promotions

Moomoo is currently offering five promotions. Read our in-depth review of Moomoo to see why Moomoo scored 4.4 stars out of 5. We like their commission-free trading, free paper trading, and access to hong kong and chinese investments.

Commission Cards for International Students

International students can get two commission cards when they complete the student verification and make a deposit into an MFI brokerage account by December 30, 2025. The commission cards can be used to deduct the commission fees when trading in the U.S. market through Moomoo Financial Inc. One commission card applies to Stocks and ETFs orders, maximum refund amount of $5,000 in commission fees paid. One commission card applies to USD Options orders (excluding index options), maximum refund amount of $5,000 in commission fees paid. Terms and conditions apply.

Expires 12/30/2025
Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Webull

Deposit and Earn $10 Bonus

Get a $10 cash bonus when you make an initial qualifying funding of $100 or more into your Webull account during the offer period. Maintain $100 or more in your account until the end of the offer period.

Expires 9/30/2025
Fundrise

Invest in Real Estate with $10+

  • Only $10 minimum investment
  • Get a diversified portfolio of real estate projects across the US
  • Open to all investors
GROUNDFLOOR

Invest in Real Estate with $100

The minimum investment amount is only $100. (Though most transfer $100 or $1000 for better diversification; subsequent transfers can be for any amount)

  • Short-term real estate investments lasting just 6-18 months
  • Open to non-accredited investors
  • Low fees

Moomoo Key Features

Moomoo is designed for active investors who want powerful tools without the high cost. Here's a quick look at what makes Moomoo stand out:

$0 Commission Trading
Trade U.S. stocks, ETFs, and options with no commissions. No minimum deposit to get started.

Free Level 2 Data
Get deeper insight into real-time stock movements with free Level 2 quotes at up to 60 price levels. Free for accounts with a minimum 30-day average account value of $100.

Advanced Charting Tools
Access over 60 technical indicators and 38 drawing tools to support in-depth market analysis.

Paper Trading
Practice risk-free with a built-in paper trading account and $1M in virtual funds. Ideal for testing strategies before committing real money.

Global Market Access
Trade not just U.S. stocks, but also access markets in Hong Kong, China A-shares, Australia, and more—all from one account.

Low Margin Rates
Moomoo offers margin rates that are far below the industry average, making it more affordable to borrow when you want to amplify your trades.

Who Is Moomoo Best For?

Moomoo is a strong fit if you're looking for a low-cost platform with powerful tools and global access. It's especially well-suited for:

  • Active traders who rely on advanced charts, Level 2 market data, and technical indicators
  • Investors interested in international markets, including Asian and Australian markets
  • Beginners who want commission-free trading, educational resources, and paper trading to practice

How to Fund and Withdraw Money From Moomoo

Moomoo supports U.S. dollar transfers via:

  • ACH Transfer: Link your bank account in the app to deposit or withdraw funds. This is the most common method and typically free.

    ACH transfers can take up to 5 business days to settle. However, Moomoo provides up to $1,000 in instant buying power (and up to $10,000 based on your account status), so you can start trading before funds fully clear.

  • Wire Transfer: Ideal for depositing or withdrawing larger amounts, though your bank may charge a fee.

Transfers must be to and from an account in your name. Moomoo doesn't support third-party transfers, Wise, or ACH transactions not initiated through its app.

Is Moomoo safe and legit?

Moomoo is a legit trading platform and a subsidiary of Futu Holdings Ltd., a Nasdaq-listed company (ticker: FUTU).

In the U.S., Moomoo operates under Moomoo Financial Inc., which is a registered broker-dealer regulated by the SEC and FINRA.

It's also a member of SIPC, which protects customer accounts up to $500,000 (including $250,000 for cash) in case the brokerage fails.

For security, the platform uses encryption, 2FA, and a proprietary Moomoo Token for added protection. You can even enable portfolio privacy, which hides your holdings from view unless unlocked with your biometrics or password.

    Highlights

    Stock Trading
    $0 commission on US stocks and ETFs
    Options Trading
    $0 for US Options;
    $0.50 per contract for Index Options
    Annual Fee
    None
    Cryptocurrency Trading
    Yes
    Minimum Deposit
    $0
    Commission Free ETFs
    3,030 US-listed ETFs
    Mutual Fund Trading
    No
    Phone Support
    +1 888 721 0610
    (Trading days: 8:30 - 16:30 ET)
    Live Chat Support
    Yes
    Email Support
    Yes (cs@us.moomoo.com)
    Human Advisors
    No
    Robo Advisor
    No
    Assets Under Management
    Total client assets of HK$468.1 billion as 09/30/2023
    Penny Stocks
    Yes
    Tax Loss Harvesting
    No
    Goal Tracker
    No
    Automatic Deposits
    No
    Broker Assisted Trades
    Not available
    Good For
    Traders looking for access to Hong Kong and Chinese assets
    Inactivity Fee
    $0
    Maintenance Fee
    $0
    Online Platform
    Yes
    iPhone App
    Yes (4.6 stars, 19k ratings)
    Android App
    Yes (4.6 stars, 18k ratings)
    Banking
    No
    Desktop App
    Yes
    Mobile App
    Yes
    Two-Factor Authentication
    SMS
    Bond Trading
    No
    CFD Trading
    No
    Currency Trading
    No
    Customer Service
    Live Chat (24 hours);
    Phone: +1-888-721-0610 (Trading day: 08:30AM - 04:30PM EST);
    Email: cs@us.moomoo.com
    Forex Trading
    No
    Futures Trading
    No
    Locations
    Online only
    Online Community
    Yes
    Seminars
    Yes
    Trading Platform
    Desktop, Mobile Apps
    Virtual Trading
    Yes. Virtual account for each market with 1 million (USD/HKD/CNY/SGD/CAD) in each account
    Fractional Shares
    Yes
    Taxable Accounts
    Yes
    401k Plans
    No
    IRA Accounts
    No
    Roth IRA Accounts
    No
    SEP IRA Accounts
    No
    Trust Accounts
    No
    529 Plans
    No

    More Information

  • Pricing information from published website as of 05/03/2024.
  • For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
 MoomooWebull
 Visit SiteVisit Site
 

Moomoo

Webull

 

Benefits and Features

Stock Trading$0 commission on US stocks and ETFs
$0
Options Trading$0 for US Options;
$0.50 per contract for Index Options
$0
Annual Fee
None
Starts at $0
Cryptocurrency Trading
Yes
Yes (Webull Pay App)
Minimum Deposit
$0
$0
Mutual Fund Trading
No
No
Commission Free ETFs
3,030 US-listed ETFs
Over 3,300 ETFs
Phone Support+1 888 721 0610
(Trading days: 8:30 - 16:30 ET)
24/7
Live Chat Support
Yes
None
Email Support
Yes (cs@us.moomoo.com)
Yes (customerservices@webull.us)
Human Advisors
No
No
Robo Advisor
No
Yes
Assets Under ManagementTotal client assets of HK$468.1 billion as 09/30/2023
$15.7 Million
Penny Stocks
Yes
Yes
Tax Loss Harvesting
No
No
Goal Tracker
No
No
Automatic Deposits
No
Yes
Broker Assisted Trades
Not available
Not available
Good ForTraders looking for access to Hong Kong and Chinese assetsExperienced investors; Active traders
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0
Online Platform
Yes
Yes
iPhone App
Yes (4.6 stars, 19k ratings)
Yes (4.7 stars, 296.2k ratings)
Android App
Yes (4.6 stars, 18k ratings)
Yes (4.3 stars, 188K ratings)
Banking
No
No
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Two-Factor Authentication
SMS
Mobile Only
Forex Trading
No
No
Futures Trading
No
Yes to eligible users
Bond Trading
No
No
CFD Trading
No
No
Currency Trading
No
No
Customer ServiceLive Chat (24 hours);
Phone: +1-888-721-0610 (Trading day: 08:30AM - 04:30PM EST);
Email: cs@us.moomoo.com
24/7 via phone and email
Locations
Online only
Online only
Online Community
Yes
Yes
Seminars
Yes
Yes
Trading Platform
Desktop, Mobile Apps
Desktop, Web Trading, Mobile Apps
Virtual TradingYes. Virtual account for each market with 1 million (USD/HKD/CNY/SGD/CAD) in each accountYes. Free paper trading account with unlimited fake money
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
No
Yes
Roth IRA Accounts
No
Yes
SEP IRA Accounts
No
No
Trust Accounts
No
No
529 Plans
No
No
 Visit SiteVisit Site

Moomoo: Pricing information from published website as of 05/03/2024.


Moomoo Alternatives

Webull

Up to 8.1% APY with APY Booster

Make a net qualifying funding of $100 or more into an individual cash account, and get an extra 4% APY (premium) on your base APY for 90 days. Terms and conditions apply.

Expires 9/30/2025
Robinhood

3% Match on IRA with Robinhood Gold

Earn 3% IRA match on all eligible contributions with Robinhood Gold. Terms and conditions apply. This is a limited-time offer.

Acorns

$20 Investment Bonus

  • Open an Acorns account (new users only)
  • Set up the Recurring Investments feature
  • Have your first investment be made successfully via the Recurring Investments feature
eToro
eToro USA LLC and eToro USA Securities Inc.

Get $100,000 Virtual Portfolio to Experiment

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Fundrise

Invest in Real Estate with $10+

  • Sign up in minutes; no complicated paperwork
  • $10 minimum investment
  • No income requirements
  • Multiple investing plans tailored to your goals
  • Completely passive investment
  • Low 1% annual fee

Articles on Moomoo

Moomoo Review

Moomoo can help you invest your money in U.S. and international markets. But will it suit the way you like to trade?

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CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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