Moomoo Review 2026: Fees, Features & Is It Legit?

Moomoo at a glance

Feature	Rating	Details
Investment options	★★★★★	Stocks Options ETFs Cryptocurrency Event contracts
Trading costs	★★★★★	Zero commission stock, option and ETF trades, with low margin rates and no options contract fees.
Account fees	★★★★★	No annual fee, no inactivity fee and an average outgoing account transfer fee of $75.
Account types and minimums	★★★★★	No minimum deposit requirements but only offers individual brokerage accounts.
Trading platforms and technology	★★★★★	Mobile and desktop trading platforms. Advanced charts, advanced order types, price alerts, watchlists, market news, company financials, analyst ratings and price targets, stock analysis tools, options analysis tools, Level 2 data and trending stock lists, but no research reports.
Features and amenities	★★★★★	Fractional share trading Instant buying power Paper trading IPO access Extended hours trading, including pre-market (4 a.m.–9:30 a.m. ET), after-hours (4 p.m.–8 p.m. ET) and 24-hour trading Sunday 8 p.m. through Friday 8 p.m. ET Educational articles and videos
Customer support	★★★★★	Contact Moomoo customer support by live chat 24/7, by email or by phone support during regular business hours.
Mobile app	★★★★★	Google Play app reviews: 4.4/5 stars based on over 50,730 reviews Apple App Store app reviews: 4.7/5 stars based on over 37,000 reviews
Cash sweep rates	★★★★★	Offers a cash sweep program with a 3.35% APY base rate for eligible customers, automatic sweeps and a temporary 8.1% APY booster for new customers.(1)

To learn how our star ratings are calculated, read our methodology.

Is Moomoo legit?

Yes. Moomoo’s been operating in the US since 2018 as the American arm of Futu Holdings’ trading platform.⁽²⁾ It’s grown enough since then to become an official sponsor of the New York Mets.⁽³⁾ Underneath the ballpark signage, it’s headquartered in Jersey City, New Jersey, and regulated the same way any other major US discount broker is.⁽⁴⁾ See the FAQs below for the full rundown on registration, fines and account protections.

Who should choose Moomoo?

Moomoo makes the most sense if you care about low costs and want serious analytics without paying for them. That’s:

• Active traders who want advanced charting, Level 2 data and fast execution
• Options traders looking for zero contract fees and strategy-specific tools
• Self-directed investors who’d rather do their own research than pay someone else to
• Cost-conscious traders who want professional-grade tools without a professional-grade price tag

If you want retirement accounts, bonds or a fully managed portfolio, you’ll need a different broker — Moomoo doesn’t offer any of those.

What we like about Moomoo

Moomoo is one of the most feature-rich commission-free platforms I’ve come across. Here’s where it actually earns that reputation.

Trade without commissions

$0 commission on stocks, ETFs and equity options, and — unusually — no per-contract options fees either. Most competitors still charge around $0.65 a contract, so this adds up fast if you trade options regularly.

Moomoo’s margin rate is also one of the lowest I’ve seen among the brokers we review, starting at 6.8%, and OTC stock trades are commission-free too. It supports crypto through its Moomoo Crypto Inc. affiliate — no commission, just a 0.49% fee per trade — though it’s not available everywhere (New York is excluded). One thing that genuinely surprised me: US customers can trade Hong Kong-listed stocks and mainland China A-shares directly through Moomoo’s Stock Connect program. Most US discount brokers don’t offer that kind of market access at all.

Advanced trading and analysis tools

This is where Moomoo genuinely rivals — and in places beats — legacy brokers.

• Advanced charts with more than 100 technical indicators, 38 drawing tools and over 190 pre-set functions
• Set up to 6 multi-monitors for desktop trading
• Analyst ratings and price targets
• Valuation metrics
• Level 2 market data
• Financials, with a breakdown of revenue by business and market
• Institutional holdings
• Short sale volume
• Interpretation of indicators
• Shareholder information
• Free real-time level 2 market data with $100 average account value over 30 days
• Paper trading to practice trading without risk
• Rewards Club, earning points through daily check-ins and tasks redeemable for merchandise, paper-trading cards and partner coupons

Options-specific tools

• 13 options strategies. Single option, vertical spread, straddle, strangle, collar, condor, iron condor, butterfly, iron butterfly, calendar spread, diagonal spread, covered stock and custom.⁽⁵⁾
• Customizable options chains. CBOE-powered real-time options chains for transaction details.
• Advanced options tools. Unusual options activity, options price calculator, options volatility analysis, a most active 0DTE (zero days until expiration) indicator and profit and loss analysis to understand your options strategy’s possible performance at expiration before entering a new position.

If you want more, Moomoo Engine bundles deeper research, options and technical tools into three modules — Fundamental, Options and Technical Engine — for $3.99 a month ($39.90 a year), dropping to $0.99 a month once you’ve got $1,000 or more in your account.

High-yield cash sweep program

Cash you’re not actively trading gets automatically swept into an interest-bearing program paying 3.35% APY.⁽¹⁾ New customers — specifically, anyone who hasn’t opened a Moomoo account before January 1, 2026 — can also stack on a 4.75% APY booster, 8.1% APY combined, on their first $20,000 for 60 days, through the end of 2026.⁽¹⁾ One catch worth flagging: once the booster ends, that 3.35% base rate only sticks around if you’re subscribed to Moomoo Engine. Without it, the rate falls all the way to 0.03%.

Trade event contracts through Kalshi

Through a partnership with Kalshi, eligible Moomoo users can now trade event contracts — real-world outcomes — right alongside their stocks, options and ETFs, all in the same app.⁽⁶⁾

• What you can trade. Contracts tied to Federal Reserve decisions, inflation data releases, elections and major sporting events.
• How pricing works. Contracts are exchange-listed and priced between $0.01 and $1.00, with the price reflecting the market-implied probability of an outcome.
• Risk and structure. Positions are fully collateralized with defined risk. Contracts trade on Kalshi’s CFTC-regulated exchange and are offered through Moomoo Financial Inc. as a futures commission merchant — a different structure from Moomoo’s SIPC-protected brokerage accounts.
• Availability. Event contracts aren’t appropriate for everyone, and certain contracts are unavailable in select US states.

AI agent trading with Moomoo API Skills

In April 2026, Moomoo launched Moomoo API Skills, letting you connect your own AI agent directly to its trading infrastructure and give it plain-English instructions instead of code.⁽⁷⁾ Once set up, your agent can monitor markets around the clock across the US, Canada, Hong Kong, Singapore and Japan, and prepare trades based on the strategy you’ve described. Two details stood out to me: it defaults to paper trading, so you can backtest a strategy against historical data and run it on virtual funds before risking real money, and your trading credentials stay in your own environment rather than passing through a third-party AI server. It’s still early days for no-code agentic trading — treat it as a tool that executes what you tell it, not a substitute for understanding your own strategy.

A strong mobile app

Moomoo’s mobile app doesn’t feel like a stripped-down version of the desktop platform — it’s genuinely just as capable, in a modern, intuitive interface. If you do most of your trading from your phone, this is one of the better apps out there for it.

My experience testing Moomoo

Moomoo is easily one of the most powerful mobile-first trading platforms I’ve used — it packs in professional-grade tools typically reserved for legacy brokers, like real-time Level 2 market data, short sale analysis and detailed capital-flow tracking to help time your trades. Its margin rates are also some of the lowest I’ve come across, and it’s kept adding to itself: crypto and event contracts are both new on top of the stocks, ETFs and options it already covered.

One real annoyance, though: the in-app pop-ups and promos get intrusive. I understand why they’re there, but Moomoo could take a page from Robinhood and surface that kind of thing in a feed instead of interrupting the experience.

Where Moomoo falls short

No broker’s perfect, and Moomoo has some real gaps.

Limited tradable assets

You can trade stocks, ETFs, options, crypto and event contracts — but there’s no mutual funds, bonds, CDs or forex, all of which are standard at a full-service broker.

Limited account types

It’s individual brokerage accounts only — no IRAs. If you’re investing specifically for retirement, that alone probably rules Moomoo out.

No robo-advisor

There’s no robo-advisor or managed-portfolio option, so if you want a hands-off, someone-else-picks-my-investments setup, look elsewhere.

If any of this rules Moomoo out for you — especially the missing IRAs or robo-advisor — take a look at our guide to Moomoo alternatives instead.

Moomoo’s fees

Type of fee	Fee details
Minimum deposit to open	$0
Minimum investment	$5
Annual fee	$0
Stock trades	$0
Equity options trades	$0
Equity options contract fees	$0
Index options contract fee	$0.50/contract
Margin annual interest rate	6.8%
Outgoing account transfer fee	$75
Wire transfer out	$20
Inactivity fee	$0
Broker-assisted (phone) trade fee	$10

*The fees stated above are for US residents. Fees may be different in other countries where Moomoo is available.

Customer experience

BBB accredited	No
BBB rating	F
BBB customer reviews	1 out of 5 stars, based on 3 customer reviews
Trustpilot score	3.4 out of 5 stars, based on 506 customer reviews
Apple App Store Score	4.7 out of 5 stars, based on 37,000 customer reviews
Google Play Score	4.4 out of 5 stars, based on 50,750 customer reviews
Customer reviews verified as of	08 September 2026

Reddit and the major review sites tell a pretty consistent story about Moomoo: people who like it, like it a lot, for the tools — Level 2 data, commission-free options, customizable charts, paper trading. The complaints cluster just as predictably around what’s missing rather than what’s broken: no retirement accounts, individual-only account types and wire-transfer fees that catch people off guard. A smaller number of users also flag slow customer support responses and want more transparency on how their orders actually get filled.

Read enough of these and a pattern emerges: Moomoo wins over people who came for the tools and the low costs, and loses people who needed something it was never built to offer in the first place.

Compare Moomoo to other platforms

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