We may be compensated by the businesses we review. All rights are reserved. Toggle navigation. Is Moomoo Stock Trading a Scam? Financial headlines are rife with stories of frauds, hacks, bank failures "Too Big to Fail" still hovers above the financial world like a bad dreamand people losing their life savings to unscrupulous con artists.

Should we be worried that Moomoo is crooked, or irresponsible, or unsafe to do business with? In the highly regulated financial markets, Moomoo, like all online brokers and financial institutions, must meet certain requirements and operate within the law and all rules set up by governing agencies. Let's run down the list and see if Moomoo is a scam or meets the standards.

SIPC is the government organization charged with overseeing the liquidation of member broker-dealers that are the result of bankruptcy or financial trouble.

futu moomoo review

Broker-dealers are financial institutions that offer customers securities such as stocks, bonds, ETFs, currency and commodity futures, options, and just about any other investment whose value fluctuates and trades on regulated exchanges. SIPC doesn't guarantee your investments will not lose value, only that your assets will be returned to you. Here is where fraud protection comes in.

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If an investor with Moomoo believes someone in the firm has misrepresented a certain type of investment or individual security, or has cheated or committed outright fraud or embezzlement, that investor has recourse through FINRA to prosecute the case and have any stolen or lost funds returned.

Is Moomoo Legitimate? Ally Invest. TD Ameritrade.Moomoo's mission is to provide first-time investors and professional traders with an intuitive and powerful investing platform. Moomoo have your free access to Level 2 market data which displays the real-time bids and asks at a certain price for any stock and the trades being executed right in front of you.

With this information, you can determine entry or exit points that assure the liquidity needed to complete the trade. Invest in U. For details, please see fee schedule. Moomoo integrates research ratings from several professional third-party researchers to help comparisons between stocks. Instead of a complicated Form K, moomoo has graphical financial reports which give you a more direct view of the company's financial situation.

To provide better trading services, moomoo invests in expanding trading channels and in improving order processing capabilities. Moomoo supports conditional alerts that generate automatic notifications based on price movement, change in indicators, etc. In the U. Explanatory brochure is available at www. You can check the background of Futu Inc.

To learn more about Futu Inc. Enhance Trading Experience with Technology Moomoo's mission is to provide first-time investors and professional traders with an intuitive and powerful investing platform. Free real-time Level 2 market data Moomoo have your free access to Level 2 market data which displays the real-time bids and asks at a certain price for any stock and the trades being executed right in front of you.

Rich and In-depth customizable tools for advanced investors. Rating and Insights from third parties Moomoo integrates research ratings from several professional third-party researchers to help comparisons between stocks.

Capital Flows With Moomoo, you can view the trends in capital flowing in and out of companies. Intuitive Graphs Instead of a complicated Form K, moomoo has graphical financial reports which give you a more direct view of the company's financial situation. Speed: Lightning trades To provide better trading services, moomoo invests in expanding trading channels and in improving order processing capabilities.

Discover stocks: Customized stock screener Moomoo allows users to screen stocks from thousands based on several criteria. Quotes Market Market Cap. Smart reminder: Conditional Alerts Moomoo supports conditional alerts that generate automatic notifications based on price movement, change in indicators, etc.Recommended for investors and traders looking for zero-commission trading and focusing on US markets.

Moomoo is a trading-platform founded in Brokerage service on moomoo offers zero-commission trading with no inactivity fees for U. The account opening is seamless, fully digital and really fast. There are many high-quality analytical tools available. On the negative side, on moomoo its product portfolio is limited, covering only stocks, ETFs and options. You can use only bank transfers for deposits and withdrawals. Customer support is available via email only.

Everything you find on BrokerChooser is based on reliable data and unbiased information.

futu moomoo review

Read more about our methodology. We ranked moomoo's fee levels as low, average or high based on how they compare to those of all reviewed brokers. First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. In the sections below, you will find the most relevant fees of moomoo for each asset class.

For example, in the case of stock investing the most important fees are commissions. We also compared moomoo's fees with those of two similar brokers we selected, Webull and Passfolio.

This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of moomoo alternatives. Moomoo trading fees are zero in almost all cases. It's also great that the fee structure is transparent and easy to understand.


Trading on margin basically means that you borrow money from your broker and can purchase more shares than you could with just the available cash in your account. You have to pay interest on this borrowed money — the interest rate is called the margin rate. It can account for a significant portion of your trading costs.

Moomoo doesn't charge fees for options tradingjust like its close rival Webull. For US residents, Investing with moomoo is commission-free. The company does not charge you fees to open your account, to maintain your account, or to transfer funds to your account.

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They charge these fees for all sell orders, regardless of the brokerage. Moomoo's operator Futu Inc. Moomoo has low non-trading fees. Deposit and withdrawal via ACH are also free. Visit broker.Shannon Terrell is a writer for Finder who studied communications and English literature at the University of Toronto. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust.

She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies. But it only offers self-directed margin accounts, and its customer support is limited to email. To learn how our star ratings are calculated, read the methodology at the bottom of the page. To access these shares, you must apply for separate Hong Kong and China A-share accounts. If you already hold a US Moomoo account, the approval process typically only takes a few minutes.

Most of its competitors charge more. It charges 0. Its fees are competitively priced, research tools are robust and trades are executed quickly.

The platform is available as a desktop or mobile application, and investors also gain access to the Hong Kong, Shanghai and Shenzhen stock markets.

You can sign up for Moomoo online in about five minutes. Reviews of its mobile platform are favorable, but traders warn that the platform is so feature-rich, it can be overwhelming for those just starting out.

Packed interface aside, reviews suggest the app becomes easier to navigate over time and that orders are executed quickly and reliably. Moomoo is equipped to cater to a wide range of investors with comprehensive research tools and market data:. Moomoo is headquartered in Palo Alto, California, and is backed by parent company Futu Holdings — a registered broker and wealth management platform based in Hong Kong. It also has no complaints to its name on the Consumer Financial Protection Bureau.

And the same goes for its parent company, Futu Holdings. Moomoo feedback is scarce. Even Redditors have little to say. And the story is no different for its parent company, Futu Holdings: no BBB page, no Trustpilot presence and very little buzz on Reddit. As of Octoberthe app scores well from both Android and Apple users, earning 4. Investors report that the app is responsive, research data is plentiful and trades are executed quickly.

The only way to contact Moomoo support is by emailing its support team at support moomoo. Expect a response within one to two business days.

Before you sign up, explore your options across multiple trading platforms to find a broker or platform that best meets your investment strategy and budget.

futu moomoo review

China A-shares are shares from companies based in mainland China. We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability. For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.

Click here to cancel reply. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.

While we are independent, the offers that appear on this site are from companies from which finder. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.Welcome to the Trading Apps review of Moomooa modern stock broker app. Click here to claim the offer.

Their mission is to provide an alternative for those looking to invest in stocks, all with one powerful and intuitive app. Unlike other stock trading apps, Moomoo gives traders the opportunity to see real-time data such as bids and trades being executed.

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This feature puts Moomoo leaps and bounds above many of its competitors. Another great feature of the app is the free market analysis you can get for each tradable asset.

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This gives you an idea of the market sentiment and is great for beginner traders to get an idea of the correlation between the market sentiment and the price in any given market. This lets you filter through stocks to find the one you want to trade. This is super handy for discovery new, interesting stocks and opportunities.

Again, this feature is great for those who just want to keep tabs on the market. You can customise the alert by price levels and percentage changes. As a registered broker-dealer, Futu Inc.

This means that you can trade comfortably with the Moomoo app and know that your funds are as safe as they can be. Moomoo has out-done their competition here by adding advanced charting tools to the app. There is no evidence to suggest that Moomoo is a scam. As we have said above, it is fully regulated. The Moomoo app offers 1 main account type with Futu Inc. This account gives you access to all of the features on the app.

Register for a Moomoo account free. There is currently no demo account on the Moomoo app, however, there is no minimum deposit, so you can start trading without having to risk too much capital. This makes the app ideal for beginners and those who only wish to trade spot markets. There are some fees associated with some deposit methods on the Moomoo app, see the table we created about Moomoo deposits here.

The withdrawal methods on Moomoo are the same as the deposit methods. Yes, some withdrawal methods on Moomoo require a fee to process. For more information, see this detailed breakdown. Moomoo has a dedicated support team who are there to help you with any problems or questions you may have with your account. See below for more information on how to get in touch with the Moomoo support team.

For more information on the Moomoo support, visit their help page. To conclude, the Moomoo app is a great alternative to other stock trading apps like Robinhood because it allows you to trade a more advanced market, whilst retaining all the qualities of an easy-to-use brokerage app. If you want to give the app a try, you can register for free today using this link.

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.

It is mandatory to procure user consent prior to running these cookies on your website. Moomoo Alerts. This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website.Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices.

A subsidiary of Futu Holdings Ltd. Securities offered by Futu Inc. Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device. Moomoo was designed as a platform for smart trading, while investors can also enjoy the benefits of low fees. This mobile trading platform built their advanced tools well-organized in 1 app. A host of research tools can help you make smart investment decisions. You can initiate trades whether to go or at home, with your customized set-ups synced on different devices.

Active traders love moomoo and all it has to offer. You can keep tabs on your account, get in-depth but free quotes, smart order types to execute trades, or use their powerful trading tools and data to monitor market trends, from both the mobile app and desktop.

Moomoo is also a viable option if you want a good deal. With its commission-free trades and low-cost fee structure, you can put your money to work and keep even more in your pocket. Investors can get trading knowledge and skills improved with moomoo, as it has a big community for sharing ideas, and offers market insights.

Moomoo offers its platform on PC, mobile and iPad, and tools can sync up on the three screens. The platform is perfect for an investor who gets serious about trading. Their users will grow trading techniques and experiences quickly with moomoo. First and foremost, moomoo is commission-free for both stocks and options trading, and does not charge platform fees or options contract fees. Moomoo account holders enjoy commission-free trading with no monthly maintenance fees or data fees for real-time monitoring.

But minimal fees do apply for stock and options tradesas indicated above. Futu Inc.

moomoo Review 2021

This means it is subject to oversight and must adhere to stringent industry standards. But rest-assured, its parent company Futu is a registered broker-dealer with the U. Securities and Exchange Commission.

futu moomoo review

These registrations ensure moomoo is financially safe up to the listed balances. Submit an inquiry via the mobile app. Be sure to provide your email address, moomoo ID, a subject and description of your question and any related attachments. The help center is also available to find answers to common questions that fall into these categories:.

For retail investors, international trading opportunities is a plus. You can trade stocks in other markets with low fees compared with other platforms. Want to give moomoo a test drive? Get started in minutes. Applications are processed within 1 business day.Moomoo is an advanced trading platform that offers commission-free trading on stocks, options, and ETFs.

Designers have set a mission to provide investors with an intuitive and powerful investing platform by using the most up-to-date technology. At the same time, Moomoo offers a creative and highly customizable experience for users. They aim to improve their customer trading experiences with continuous upgrades.

Their key focus is on driving industrial innovation backed by independent technological research and development. These fine-tune the entire trading process. Many platforms out there today allow you to buy and trade stocks, options, and ETFs without having to pay commissions. However, Moomoo makes it easy for you to get free real-time quotes, graphical financial analysis, and press releases on the go.

Instead of just simply offering commission-free trades, which is commonplace today, they offer a wide array of research tools and data. They aim to be a one-stop shop for placing trades and conducting research on potential investments.

It has plenty of bells and whistles, and although the app offers educational resources for beginning traders, the wide and meticulous scope of data available may be overwhelming to newbies. A common complaint among investors is that other free trading apps out there are lacking the research tools and data they are looking for. Moomoo offers a lot of tools for research, but it might overwhelm a complete beginner.

Moomoo vs Webull

You can learn the ins and outs without risking real money. At the end of the day, it is completely free, so you can feel free to give it a shot and see if it's for you. Futu Holdings Ltd is backed by world-class investors including venture capital affiliated of Tencent, Sequoia Capital and Matrix Partners. Sign Up For Moomoo Here! Since its inception, Futu's overseas affiliates have used specially designed trading systemsdeveloped in-house.

They say their innovative trading system solves challenges to traders and drives industry innovation. It cuts out the costs of operating traditional branches and the excess brokerage firm overhead.

TD Ameritrade vs Moomoo

Combining technology with on-the-go trading, Moomoo aims to offer an enhanced overall trading experience by combining the latest technology with the ability to trade via a mobile app. Moomoo offers traders Level 2 market data at no charge. Level 2 market data displays the real-time bids and asks at a certain price for any stock and the trades being executed right in front of you.

Futu moomoo review

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