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Moomoo Financial Canada
Finder score
Go to site
Stock Trading Fee
Account Fee
FX Fee
0.09% + USD$2
Min. Deposit
Available Asset Types
Stocks, Options, ETFs

Our verdict

Get competitive brokerage fees when you trade US and Canadian stocks on a user-friendly trading platform, but look elsewhere if you want to trade other international markets.

Moomoo is a stock trading platform with plenty to offer to Canadian investors. It provides access to Canadian and US stocks and ETFs via user-friendly mobile and desktop apps, with low brokerage fees and free real-time Level 2 market data. Moomoo also offers access to a host of advanced charting tools to suit experienced investors, allowing you to monitor the market and develop trading strategies.

But if you want access to a much more diverse range of international markets and securities, you might want to consider another brokerage platform.

Best for: Canadian investors who want access to competitive brokerage fees and advanced charting tools.


  • Competitive fees and no account minimum
  • Free access to level 2 market data
  • User-friendly apps
  • Advanced charting and research tools for experienced traders


  • Beginners might prefer something a little simpler
  • Canadian and US securities only
  • Those who trade on the margin should be aware of the risks

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
  • Ask a question

How we rated Moomoo’s features

Fees4Low-fee stock and ETF trades. 1 free withdrawal per month ($2 per EFT afterwards). Zero minimum balance.
Available securities2.5Canadian stocks and ETFs as well as US stocks, ETFs, options and ADRs.
Customer support4Phone support available 8:30 – 4:30 ET on trading days. Online and email support is available 24/7.
Mobile app4.5iOS and Android users generally like the app for the range of features it offers.
Research and tools5Real-time level 2 data, analyst ratings, market news and advanced charts with 100+ technical indicators and 45+ charting tools
Reliability5Little/no reports of downtime or outages.

Moomoo is best for active traders

Moomoo is best suited to active or experienced traders who can make the most of its advanced trading tools. Features like free level 2 market data and advanced charting allow you to perform in-depth market analysis, while competitive brokerage fees are another plus for regular traders.

Where Moomoo shines

Moomoo shines in several key areas.

First, its trading apps are user-friendly, easy to navigate and provide fast access to all the essential features you need. You also have multiple options to choose from when opening an account, including a cash account, a margin account (if you want to trade with leverage), a TFSA and an RRSP account.

Second, it provides plenty of bang for your buck for experienced traders. While other platforms charge a fee for real-time level 2 market data, Moomoo offers it for free. You’ll also find a host of advanced charting tools on the platform, including a wide range of customizable charts and technical indicators, and handy features like trailing stop orders.

And third, its brokerage fees are low, so you’ll pay CAD $0.014/share on Canadian stocks and ETFs (minimum $1.49 per trade) and USD $0.0099/share on US stocks and ETFs (minimum $1.99 per trade). There are no account maintenance or inactivity fees to worry about either, which is good news for your bottom line.

More pros of Moomoo

  • Paper trading account. Moomoo lets you open a demo paper trading account so you can test out trading strategies and get a feel for how the platform works.
  • Real-time quotes. Stock quotes are updated every 0.3 seconds. Moomoo users can access level 2 data for Canadian and US stocks at no extra charge.
  • Educational resources. Moomoo users can access an extensive library of courses to learn more about different aspects of investing. Topics range from the basics of investing through to advanced trading strategies and analysis.
  • Analyst ratings & charting tools. You also get free access to stock ratings and analysis from over 4,000 Wall Street analysts. Discover technical patterns and get alerts using 45 charting tools and over 100 indicators.
  • Market news. Moomoo provides free access to 24/7 market and financial news from 50+ reputable sources, including Bloomberg, Dow Jones, CNBC and more.
  • Extended trading hours. For US securities, Moomoo offers pre-market and post-market trading from 4am to 8pm ET. Trade Canadian securities from 8am to 5pm.
  • No account minimum. There is no minimum deposit required to open an account, and Moomoo also doesn’t charge an account inactivity fee.
  • Competitive currency conversion costs. If you want to exchange CAD to USD to trade US stocks, Moomoo charges a low currency exchange fee (on transactions under $100,000) of 0.09% + USD$2.
  • Red-green colorblind-friendly app. Those with red-green colorblindness can use Moomoo with greater ease than many other investment apps in Canada.
  • 24/7 customer service. Get help from real people via email any time you need it.

Where Moomoo falls short

Moomoo may not be the best choice for you if you’re a complete novice or if you’re a casual “buy and hold” investor. While its extensive array of charting and analysis tools are a big plus for experienced traders, new investors might find them a little overwhelming or just plain unnecessary.

The other factor worth considering is that Moomoo doesn’t offer access to as many global markets or securities as some other platforms. If you want to trade European stocks, for example, or maybe trade bonds or cryptocurrency, you’ll need to consider other providers.

Moomoo fees

Minimum deposit$0
Annual fee$0
Stock and ETF trade fee$0.014/stock
US stocks and ETFs: USD$0.0099/share (min. US$1.99 per trade)
Interest on margin tradingUSD margin rate: 7.83% - 8.83%
CAD margin rate: 7.33 - 8.33%
Currency conversion feeVaries depending on monthly trade value and transaction amount per order. If you have monthly trade value of USD$1 billion or less and a transaction amount of up to USD$100,000, the fee is 0.09% of transaction amount + USD$2.
Inactivity fee$0
Deposit and withdrawal fee$0 deposit fee.1 free withdrawal per month, (then $2 CAD per EFT and $12 CAD per wire transfer; each RRSP withdrawal costs $50 - $62)
Account closing fee$0

Is Moomoo legit?

Moomoo was founded in 2018 in Palo Alto, California. It has since expanded its operations into Singapore, Australia, Japan, Malaysia and Canada, and it is a subsidiary of China-based company Futu Holdings Limited.

Moomoo Financial Canada Inc. is regulated by the Canadian Investment Regulatory Organization (CIRO) and has over 21 million users worldwide.

Moomoo trading platforms

Moomoo offers mobile and desktop apps you can use to trade Canadian and US stocks and ETFs. It also offers an OpenAPI platform for quantitative investors.

Moomoo Mobile

The Moomoo mobile app is available for Android and iOS devices. It allows you to place trades, freely access real-time level 2 Canadian and US stock quotes, use advanced charting tools and create customized screeners.

The app has generally received positive reviews from both Android and iOS users. They commonly praise the app for providing access to level 2 data, professional features and educational resources. However, those that left negative feedback sometimes mentioned factors such as slow loading and the user interface showing too much information.

Moomoo Desktop

The desktop version of the Moomoo app is available for PC and Mac. It features integrated charting tools with over 100 technical indicators and the ability to create your own custom indicators. There are also 45 charting tools to help you identify when to trade, and you can use up to 6 monitors to track multiple stocks in real-time across different timeframes.

Moomoo’s app store reviews

Google Play app reviews4.6 out of 5 stars based on 20,560 reviews
Apple App Store app reviews4.6 out of 5 stars based on 432 reviews

Moomoo’s customer support

If you have any problems with your account, Moomoo offers an extensive online help centre.

Toll-free phone support is available from 8:30am to 4:30pm ET on trading days, with online chat available 24/7. You can also get in touch with the support team via email if you’d prefer.

How to open an account with Moomoo

You can open a Moomoo account by completing the following steps:

  1. Click the green “Go to site” link on this page to be taken to the Moomoo website.
  2. Select Open account.
  3. Enter your email address and create a password.
  4. Select the type of account your want to open.
  5. Provide your name, date of birth and contact details.
  6. Provide proof of ID.
  7. Submit your application.

Account approval often happens the same day, but it could take 1-3 business days.

Eligibility and required information

To open an individual margin account with Moomoo, you need:

  • A Canadian Social Insurance Number (SIN)
  • A valid residential address in Canada
  • A valid mobile phone number
  • A valid email address
  • To be the age of majority in your province/territory (18 or 19 years old). You must be at least 21 years old to open a margin trading account.

How safe is Moomoo?

In Canada, Moomoo’s brokerage products are provided by Moomoo Financial Canada Inc., which is regulated by the Canadian Investment Regulatory Organization (CIRO) and is registered with securities regulators in Ontario, Quebec and British Columbia. It is also a member of the Canadian Investor Protection Fund (CIPF), providing added peace of mind for investors.

Moomoo is also overseen by other major regulatory bodies around the world. These include the US Securities and Exchange Commission, the Monetary Authority of Singapore and the Australian Securities and Investments Commission.

If you want to increase the security of your Moomoo account, you have the option to turn on the device lock feature. This requires you to verify your details when you log in to your Moomoo account on a new device for the first time.

Compare Moomoo with other platforms

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Name Product Finder Rating Available Asset Types Stock Trading Fee Account Fee Signup Offer Table description
Interactive Brokers
Finder Score:
4.2 / 5
Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures
min $1.00, max 0.5%
Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.
Moomoo Financial Canada
Finder Score:
3.9 / 5
Stocks, Options, ETFs
Get up to $1,200 or a $1,200 Apple gift card
Trade US stocks for up to 90% less and access free real time stock quotes and level 2 market data. T&C's Apply.
CIBC Investor's Edge
Finder Score:
3.7 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs
$0 if conditions met, or $100
100 free trades + up to $4,500 cash back
An easy-to-use platform with access to a variety of tools to help you trade with confidence.
RBC Direct Investing
Finder Score:
3.8 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $9.95
$0 if conditions met, otherwise $25/quarter
Enjoy no minimum trading activity requirements and pay just $9.95 per trade or $6.95 if making 150 trades per quarter.
Finder Score:
3.9 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95 - $9.95
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio to take out some of the guesswork.
Qtrade Direct Investing
Finder Score:
3.6 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get up to a $150 sign-up bonus. Use code OFFER2024. Ends October 31, 2024.
Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.

Frequently asked questions

This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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