moomoo review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
moomoo suits retail investors who want to trade stocks, ETFs, options and crypto without paying a commission on each trade, and who are comfortable holding a US SIPC member account. Its BrokerCue score is 7.5, and the appeal rests on cost rather than on the size of the market list.
Key facts
- Best for
- Commission-free stock, ETF, options and crypto trading with no account fee.
- Stock trade fee
- $0 (Source, checked September 26, 2026)
- Account fee
- $0 (Source, checked September 26, 2026)
- Markets
- Stocks, ETFs, Options, Crypto (Source, checked September 26, 2026)
- Regulators
- SIPC (Source, checked September 26, 2026)
- Investor protection
- SIPC up to USD 500,000 (Source, checked September 26, 2026)
- Options contract fee
- $0 (Source, checked September 26, 2026)
- Platforms
- Moomoo app, Moomoo Desktop (Source, checked September 26, 2026)
- Legal entity
- MOOMOO FINANCIAL INC (Source, checked September 26, 2026)
- Support channels
- Email, Phone, Help-centre (Source, checked September 26, 2026)
- Features
- Crypto, Demo account, Fractional shares, Options, Mobile app
- Pricing model
- Commission-free
- Official website
- moomoo.com
Pros and cons
Pros
- A stock trade costs $0 and an options contract costs $0, and the pricing model is commission-free.
- The account fee is $0, so an account left open costs nothing to hold.
- crypto, demo account and fractional shares covers fractional shares, a demo account, options, crypto and a mobile app, which suits smaller sums and practice trades.
- Investor protection is stated as SIPC up to USD 500,000 through SIPC, with the licence recorded as SIPC member 69739.
Cons
- The market list is narrower than eToro's, which covers stocks, etfs and forex, while moomoo's own list is stocks, etfs and options.
- Support runs on email, phone and help centre only, so there is no live chat listed for questions raised during a trading session.
- Protection rests on a single scheme, SIPC up to USD 500,000, and SIPC names a single body, so there is no second cover behind it.
Who it suits
- Investors who want shares, ETFs, options and crypto on one commission-free account, since stocks, etfs and options covers all four.
- Smaller-sum investors who want fractional shares and a demo account, both named in crypto, demo account and fractional shares.
- Readers comfortable with a US SIPC member arrangement, given SIPC up to USD 500,000 and SIPC member 69739.
Who should look elsewhere
- Anyone who wants forex, contracts for difference, metals or futures in the same account: eToro covers stocks, etfs and forex.
- Readers who want metals alongside shares, ETFs and crypto: Vantage covers forex, cfds and stocks, while moomoo's list is stocks, etfs and options.
What you can trade
The account covers stocks, etfs and options, so shares, ETFs, options and crypto sit together on one account rather than across separate ones. Everything runs on moomoo app and moomoo Desktop, which puts the same order types on a phone and on a desktop screen. Nothing in that list covers forex, contracts for difference, metals or futures, so a reader who needs those instruments has to look at another broker.
Safety and regulation
The regulatory side rests on SIPC in the US, with the licence recorded as SIPC member 69739. Investor protection is stated as SIPC up to USD 500,000, the ceiling the scheme applies to securities held in custody. That is a single named scheme, so the safety of the money should be read as one layer rather than a wide net, and a reader who wants several layers of cover should weigh that against the alternatives.
What trading costs
Moomoo runs a commission-free account, and the numbers behind that label are a stock trade fee of $0 and an options contract fee of $0. The account fee on the same commission-free account is $0, so nothing is charged to keep the account open. For a reader weighing cost above asset range, those lines are the whole argument, and the broader market lists of the rivals are what has to be weighed against them.
Where it sits among rivals
On account fee, moomoo ranks 1 of 138 brands. On stock trade fee it ranks 1 of 161. Both rankings come from the same cost comparison across the brokers reviewed, so the placement reflects what a reader pays rather than what a reader can trade.
How moomoo compares
9.1 vs 9.0
9.1 vs 9.4
9.1 vs 8.7
MarketScreener
9.1 vs 9.4
9.1 vs 8.7
9.1 vs 9.0
9.1 vs 9.3
9.1 vs 8.7
9.1 vs 8.6
9.1 vs 9.2Its market list runs to stocks, etfs and forex, adding forex, contracts for difference and futures to the share, options and crypto base.
9.1 vs 8.7
Kitco
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 9.0Pepperstone
Vaulted
wikifolio.com
Intellectia
Winvest
Libertex International
XM VN
Where moomoo is available
- Licence in United States
- SIPC (SIPC member 69739), checked September 26, 2026
Frequently asked questions
What does moomoo charge to trade stocks and options?+
On the commission-free account, the stock trade fee is $0 and the options contract fee is $0. The account fee is $0, so nothing is charged to keep the account open. Those figures are the whole cost side of the offer, and they apply to the same account rather than to a paid tier.
What does a commission-free account mean for the cost of a trade?+
The pricing model is commission-free, so a stock trade is charged at $0 rather than a percentage of the order, and an options contract at $0. Removing commission does not change the price at which an order is filled, so the buy and sell prices still matter as much as the fee line.
Who regulates moomoo and is the money protected?+
The US regulator listed is SIPC, the legal entity is MOOMOO FINANCIAL INC and the licence is recorded as SIPC member 69739. Investor protection is stated as SIPC up to USD 500,000, the ceiling the scheme applies to securities held in custody. It is one named scheme, so treat it as a single layer of protection.
Which markets can I trade on moomoo?+
The listed markets are stocks, etfs and options, so shares, ETFs, options and crypto are all available on the same account. Forex, contracts for difference, metals and futures are not in that list, which is the clearest difference from eToro, whose markets cover stocks, etfs and forex.
Which platforms and apps do I get?+
Access is through moomoo app and moomoo Desktop, so the same markets are available on a mobile app and on a desktop platform. A mobile app is also named in the feature list of crypto, demo account and fractional shares, which points to a platform built around phone trading rather than desktop only.
How do I get help if something goes wrong?+
Support runs on email, phone and help centre, which covers email, a phone line and a help centre. There is no live chat listed among those channels, so a question raised during a session waits for a phone or email answer. It is a thinner set than a broker with in-platform chat.
Can I trade small amounts or practise first?+
The feature list of crypto, demo account and fractional shares includes fractional shares, a demo account, options, crypto and a mobile app. Fractional shares let a buy-and-hold investor hold a slice of a share rather than a whole one, and the demo account allows order practice before money is committed.
Do most retail accounts lose money?+
Across the brokers ranked for stocks, 72.03% of retail accounts lose money, and the figure for ranked options brokers is 69%. A commission-free account lowers the cost of a trade but does not lower the risk of the position taken.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Regulators, Investor protection, Legal entity, Licences
“reportingFileNumber=69739; name=MOOMOO FINANCIAL INC”
- moomoo.com/us/pricing checked September 26, 2026
Backs: Account fee, Platforms, Stock trade fee, Support channels, Options contract fee, Features, Markets, Pricing model
“$0 Platform fee is available to U.S. residents trading U.S. investments through Moomoo Financial Inc.”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Minimum deposit, Inactivity fee, Retail accounts that lose money.
moomoo
Commission-free stock, ETF, options and crypto trading with no account fee.