XCFDs are complex instruments. They are high-risk investments with a potential to lose money quickly.‎ ‎ ‎ ‎

My Take on the Moomoo Platform in Canada (July 2025)

Moomoo
Select an option...

My opinion on Moomoo

Last update: July 2, 2025
MoomooMoomoo
3.9
hellosafe-logoScore
P. Laurore
P. LauroreFinance expert

Moomoo offers a robust, fee-friendly platform for Canadian investors seeking direct access to US and Canadian stocks, ETFs, and options.
With a $0 account minimum, low $1.99 commission per US stock or ETF trade, and no inactivity or deposit fees, Moomoo stands out for cost-conscious traders.
The platform delivers advanced tools and real-time data within a secure, CIRO-regulated environment, and is further supported by strong investor protection as a CIPF member.
Compared to other online brokers in Canada, Moomoo excels in pricing and user experience—though those seeking CFDs, forex, or crypto assets will need to look elsewhere.
Established in 2018, Moomoo has attracted millions of global users and holds a Trustpilot rating of 3.5/5 from over 1,000 reviews, signaling widespread but mixed customer sentiment.
In my experience, this broker is best suited to the following trader profiles:

➡️ Beginners will appreciate Moomoo's intuitive interface, $0 account minimum, easy account setup, and accessible educational resources—making it simple to start investing in real stocks and ETFs without overwhelming choices.

➡️ Intermediate investors benefit from Moomoo's powerful charting, customizable watchlists, and timely market data, enabling them to refine research, monitor multiple positions, and make informed trades with transparent pricing.

➡️ Active traders seeking low commissions, margin accounts (up to 3.33:1 leverage), fast execution, and responsive multi-channel support will find Moomoo well-suited for frequently trading US and Canadian equities and options.

  • $0 minimum deposit and commission-free account opening for Canadians
  • Competitive $1.99 flat commission per US stock/ETF trade
  • CIRO-regulated broker; CIPF member for enhanced investor protection
  • No spreads or hidden fees due to agency model
  • No inactivity or deposit fees
  • Advanced multi-platform tools: web, desktop, and mobile with real-time data
  • Supports major order types including trailing stop and stop-limit
  • Easy-to-use interface, ideal for both novice and experienced traders
  • Responsive multi-channel customer support (phone, email, online)
  • Free demo account for paper trading/practice
  • No access to CFDs, forex, crypto, commodities, or indices for Canadian users
  • No Islamic/swap-free account option available
  • Withdrawal fees may apply depending on transfer method
  • Limited asset classes: cannot trade spot crypto, stablecoins, or mutual funds
MoomooMoomoo
3.9
hellosafe-logoScore
  • $0 minimum deposit and commission-free account opening for Canadians
  • Competitive $1.99 flat commission per US stock/ETF trade
  • CIRO-regulated broker; CIPF member for enhanced investor protection
  • No spreads or hidden fees due to agency model
  • No inactivity or deposit fees
  • Advanced multi-platform tools: web, desktop, and mobile with real-time data
  • Supports major order types including trailing stop and stop-limit
  • Easy-to-use interface, ideal for both novice and experienced traders
  • Responsive multi-channel customer support (phone, email, online)
  • Free demo account for paper trading/practice

My opinion on Moomoo

Last update: July 2, 2025
P. Laurore
P. LauroreFinance expert
  • $0 minimum deposit and commission-free account opening for Canadians
  • Competitive $1.99 flat commission per US stock/ETF trade
  • CIRO-regulated broker; CIPF member for enhanced investor protection
  • No spreads or hidden fees due to agency model
  • No inactivity or deposit fees
  • Advanced multi-platform tools: web, desktop, and mobile with real-time data
  • Supports major order types including trailing stop and stop-limit
  • Easy-to-use interface, ideal for both novice and experienced traders
  • Responsive multi-channel customer support (phone, email, online)
  • Free demo account for paper trading/practice
  • No access to CFDs, forex, crypto, commodities, or indices for Canadian users
  • No Islamic/swap-free account option available
  • Withdrawal fees may apply depending on transfer method
  • Limited asset classes: cannot trade spot crypto, stablecoins, or mutual funds
MoomooMoomoo
3.9
hellosafe-logoScore
  • $0 minimum deposit and commission-free account opening for Canadians
  • Competitive $1.99 flat commission per US stock/ETF trade
  • CIRO-regulated broker; CIPF member for enhanced investor protection
  • No spreads or hidden fees due to agency model
  • No inactivity or deposit fees
  • Advanced multi-platform tools: web, desktop, and mobile with real-time data
  • Supports major order types including trailing stop and stop-limit
  • Easy-to-use interface, ideal for both novice and experienced traders
  • Responsive multi-channel customer support (phone, email, online)
  • Free demo account for paper trading/practice
Moomoo offers a robust, fee-friendly platform for Canadian investors seeking direct access to US and Canadian stocks, ETFs, and options.
With a $0 account minimum, low $1.99 commission per US stock or ETF trade, and no inactivity or deposit fees, Moomoo stands out for cost-conscious traders.
The platform delivers advanced tools and real-time data within a secure, CIRO-regulated environment, and is further supported by strong investor protection as a CIPF member.
Compared to other online brokers in Canada, Moomoo excels in pricing and user experience—though those seeking CFDs, forex, or crypto assets will need to look elsewhere.
Established in 2018, Moomoo has attracted millions of global users and holds a Trustpilot rating of 3.5/5 from over 1,000 reviews, signaling widespread but mixed customer sentiment.
In my experience, this broker is best suited to the following trader profiles: ➡️ Beginners will appreciate Moomoo's intuitive interface, $0 account minimum, easy account setup, and accessible educational resources—making it simple to start investing in real stocks and ETFs without overwhelming choices. ➡️ Intermediate investors benefit from Moomoo's powerful charting, customizable watchlists, and timely market data, enabling them to refine research, monitor multiple positions, and make informed trades with transparent pricing. ➡️ Active traders seeking low commissions, margin accounts (up to 3.33:1 leverage), fast execution, and responsive multi-channel support will find Moomoo well-suited for frequently trading US and Canadian equities and options.
icon

Why trust Hellosafe?

I personally opened and actively used a Moomoo account as a Canadian trader, testing out all the key features first-hand. I wanted to see how the platform performs beyond the marketing—so I analyzed real trading costs, order execution, mobile and desktop tools, and even their customer support, from signing up to withdrawals. I tried placing trades in both US and Canadian stocks and ETFs, used the demo account, and explored everything from advanced charting to news alerts.

Throughout my review, I paid close attention to platform reliability, account funding and withdrawal times, and how Moomoo stacks up for both beginners and more experienced investors. I also compared it directly to other regulated Canadian brokers and global platforms, noting where Moomoo excels or falls short—like its lack of direct crypto and CFD access, but strong user interface and low commissions for stock trades.

Everything I share is based on real usage, not just what’s advertised. My aim is to give fellow Canadians a transparent, experience-driven sense of whether Moomoo is right for your needs, whether you’re just starting out or looking for robust trading tools without hidden fees.

Moomoo at a Glance

FonctionnalitéDétail
💰 Dépôt minimum$0 CAD
🛡️ RégulationCIRO regulated, CIPF member (Canada)
💎 Licence cryptoNot available
📄 Enregistrement FSMANot registered with FSMA
📈 Actifs disponiblesUS & Canadian stocks, ETFs, options
📊 Plateformes de tradingWeb, mobile app (iOS/Android), desktop platform
🛠️ Outils de tradingReal-time data, advanced charting, customizable watchlists, in-depth research, news
🧪 Compte démoFree demo account with virtual funds
☪️ Compte islamiqueNot available
📝 Ordres clésMarket, limit, stop, stop limit, trailing stop orders
⚡ Effet de levierUp to 3.33:1 on margin accounts
💸 Frais$1.99/trade (US stocks/ETFs), no account/inactivity/deposit fees, withdrawal fees may apply
📞 Support clientPhone, email, online inquiry; phone (8:30–16:30 ET trading days), 24/7 email/online
🌟 Avis Trustpilot3.5/5 (global, 1,000+ reviews as of 2024)
💰 Dépôt minimum
Détail
$0 CAD
🛡️ Régulation
Détail
CIRO regulated, CIPF member (Canada)
💎 Licence crypto
Détail
Not available
📄 Enregistrement FSMA
Détail
Not registered with FSMA
📈 Actifs disponibles
Détail
US & Canadian stocks, ETFs, options
📊 Plateformes de trading
Détail
Web, mobile app (iOS/Android), desktop platform
🛠️ Outils de trading
Détail
Real-time data, advanced charting, customizable watchlists, in-depth research, news
🧪 Compte démo
Détail
Free demo account with virtual funds
☪️ Compte islamique
Détail
Not available
📝 Ordres clés
Détail
Market, limit, stop, stop limit, trailing stop orders
⚡ Effet de levier
Détail
Up to 3.33:1 on margin accounts
💸 Frais
Détail
$1.99/trade (US stocks/ETFs), no account/inactivity/deposit fees, withdrawal fees may apply
📞 Support client
Détail
Phone, email, online inquiry; phone (8:30–16:30 ET trading days), 24/7 email/online
🌟 Avis Trustpilot
Détail
3.5/5 (global, 1,000+ reviews as of 2024)

Security & Regulation

Moomoo delivers an impressively transparent and secure trading experience for Canadian investors. The platform is fully regulated by CIRO and offers CIPF membership, which means client assets are protected up to Canadian regulatory standards. Segregation of customer funds from company capital adds an extra level of safety, and there is no exposure to higher-risk products like CFDs, forex, or crypto for Canadian clients.

Trading accounts are protected by robust risk management tools, including stop loss and trailing stop orders, as well as mandatory two-factor authentication for platform access. Negative balance protection is not a highlighted feature, but the absence of derivative instruments reduces this risk.

Moomoo’s notoriety is growing among Canadian and global users thanks to its user-friendly platform, competitive pricing, and strong reviews—despite some complaints about verification times and support responsiveness. The broker’s regulatory credentials and asset protection measures make it a trustworthy option for investors focused on stocks, ETFs, and options in North America.

IndicatorDescriptionEvaluation
Regulatory complianceCIRO regulated, CIPF member, adheres to Canadian investor protection laws5/5
Fund securityFull segregation of client funds, no CFDs/crypto exposure, CIPF coverage5/5
Risk management toolsSupports stop/limit/trailing stop, 2FA, but no explicit negative balance protection4/5
Notoriety and coverageGood user reputation, global Trustpilot around 3.5/5, recognized in Canada, clear regulatory standing4/5
Indicator Evaluation
Regulatory compliance
Description
CIRO regulated, CIPF member, adheres to Canadian investor protection laws
Evaluation
5/5
Fund security
Description
Full segregation of client funds, no CFDs/crypto exposure, CIPF coverage
Evaluation
5/5
Risk management tools
Description
Supports stop/limit/trailing stop, 2FA, but no explicit negative balance protection
Evaluation
4/5
Notoriety and coverage
Description
Good user reputation, global Trustpilot around 3.5/5, recognized in Canada, clear regulatory standing
Evaluation
4/5
Indicator Evaluation

Fees, Spreads and Commissions

Moomoo’s fee structure is notably straightforward compared to many competitors. For U.S. stock trading, I value the flat commission of $1.99 per trade. This makes it highly attractive to active traders and cost-conscious investors who seek transparency and predictability in their costs. There is no spread markup for stocks and ETFs, as Moomoo operates as an agency broker and passes through market pricing. This model is advantageous, particularly versus some other brokers who offset headline low commissions with less favorable spreads or hidden markup.

For account management, Moomoo stands out by charging no account opening or inactivity fees, and maintenance costs are virtually nonexistent for everyday users in Canada. Withdrawals may incur modest fees, depending on the method and the partner bank, but these are generally competitive and openly disclosed at the point of transaction. Currency conversion, which can matter to Canadian clients investing in U.S. markets, is typically charged at a competitive rate, though the exact markup above spot is worth checking prior to larger conversions.

It’s also critical to note that, in Canada, Moomoo does not offer CFDs, forex, or crypto trading. As a result, there are no costs related to overnight fees, swaps, or synthetic asset spreads—factors which often increase the real cost of trading at multi-asset brokers. For investors interested primarily in North American equity assets, the cost structure is both simple and competitive.

What are the account-related fees?

Fee TypeConditions at MoomooMarket Average
Opening fee$0$0–$50
Maintenance fee$0$0–$120/year
Withdrawal feeVaries by method (typically $0–$20)$0–$25
Inactivity fee$0$0–$50/year
Currency conversion feeTypically market rate plus markup (e.g. ~1.5%)1%–2.5%
Comparison of Moomoo fees with the market average.
Opening fee
Conditions at Moomoo
$0
Market Average
$0–$50
Maintenance fee
Conditions at Moomoo
$0
Market Average
$0–$120/year
Withdrawal fee
Conditions at Moomoo
Varies by method (typically $0–$20)
Market Average
$0–$25
Inactivity fee
Conditions at Moomoo
$0
Market Average
$0–$50/year
Currency conversion fee
Conditions at Moomoo
Typically market rate plus markup (e.g. ~1.5%)
Market Average
1%–2.5%
Comparison of Moomoo fees with the market average.
icon

Expert advice

To minimize total costs, consider consolidating trades to reduce the impact of fixed commissions, and use local currency where possible to avoid conversion markups. Always review withdrawal methods and applicable charges before submitting a transfer.

What are the fees on stocks and ETFs?

Moomoo charges a flat commission per trade for U.S. and Canadian stocks and ETFs, with no spread markup or custody fees. There are no overnight or maintenance fees for holding equity positions, and UK stamp duty does not apply for Canadian clients.

Fee TypeConditions at MoomooMarket Average
Commission$1.99 per trade (US stocks/ETFs)$0–$6.95/trade
Spread fee$0 (no spread markup)$0–$0.02/share
Overnight fee$0$0
Custody fee$0$0–$100/year
UK stamp duty tax$00.5% (if applicable)
Commission
Conditions at Moomoo
$1.99 per trade (US stocks/ETFs)
Market Average
$0–$6.95/trade
Spread fee
Conditions at Moomoo
$0 (no spread markup)
Market Average
$0–$0.02/share
Overnight fee
Conditions at Moomoo
$0
Market Average
$0
Custody fee
Conditions at Moomoo
$0
Market Average
$0–$100/year
UK stamp duty tax
Conditions at Moomoo
$0
Market Average
0.5% (if applicable)

What are the fees on cryptocurrencies?

Moomoo does not offer direct cryptocurrency trading, crypto CFDs, or wallets to Canadian users. As a result, all crypto-related fees are not applicable.

Fee TypeConditions at MoomooMarket Average (crypto or CFD brokers)
Buy/sell feesNot available0.1%–1.5% per transaction
Spread feesNot available0.25%–2%
Overnight feesNot available0.03%–0.15% per night
Custody feesNot available0%–1%/year
Transfer feesNot available$0–$25/move (blockchain/network fees)
Buy/sell fees
Conditions at Moomoo
Not available
Market Average (crypto or CFD brokers)
0.1%–1.5% per transaction
Spread fees
Conditions at Moomoo
Not available
Market Average (crypto or CFD brokers)
0.25%–2%
Overnight fees
Conditions at Moomoo
Not available
Market Average (crypto or CFD brokers)
0.03%–0.15% per night
Custody fees
Conditions at Moomoo
Not available
Market Average (crypto or CFD brokers)
0%–1%/year
Transfer fees
Conditions at Moomoo
Not available
Market Average (crypto or CFD brokers)
$0–$25/move (blockchain/network fees)

What are the fees on CFDs?

Moomoo does not provide access to CFDs for Canadian clients. There are no CFD trading fees, overnight swaps, or spreads for underlying CFD assets on this platform.

Underlying AssetMaximum LeverageSpread at MoomooOvernight FeeMarket Average (CFD brokers)
CFD StocksNot offeredN/AN/A$0.03–$0.15/share
Gold (XAU/USD)Not offeredN/AN/A$0.30–$0.55
Silver (XAG/USD)Not offeredN/AN/A$0.02–$0.05
Oil (WTI)Not offeredN/AN/A$0.03–$0.08
EUR/USDNot offeredN/AN/A0.6–1.5 pips
EUR/GBPNot offeredN/AN/A1–2 pips
USD/JPYNot offeredN/AN/A0.7–1.5 pips
GBP/USDNot offeredN/AN/A0.9–2.1 pips
BEL 20 (BEL20)Not offeredN/AN/A1–3 index points
BTC/USD (crypto CFD)Not offeredN/AN/A0.25%–2%
CFD Stocks
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
$0.03–$0.15/share
Gold (XAU/USD)
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
$0.30–$0.55
Silver (XAG/USD)
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
$0.02–$0.05
Oil (WTI)
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
$0.03–$0.08
EUR/USD
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.6–1.5 pips
EUR/GBP
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
1–2 pips
USD/JPY
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.7–1.5 pips
GBP/USD
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.9–2.1 pips
BEL 20 (BEL20)
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
1–3 index points
BTC/USD (crypto CFD)
Maximum Leverage
Not offered
Spread at Moomoo
N/A
Overnight Fee
N/A
Market Average (CFD brokers)
0.25%–2%

Assets & Markets

Moomoo’s asset range for Canadian investors is streamlined and well-aligned for those focused on North American equity markets. I can access a significant variety of both U.S. and Canadian stocks, including large caps and many actively traded small and mid-caps. The open architecture for trading individual shares stands out for self-directed investors looking for direct market access, without the markup found in CFD products.

The ETF coverage is another highlight, offering core passive and thematic vehicles across both U.S. and Canadian exchanges. For constructing diversified, low-cost portfolios, the ability to choose from dozens of leading ETF issuers and strategies provides ample choice and flexibility. However, there is currently no facility to trade spot commodities, currencies, or index products, which limits Moomoo’s appeal for tactical or multi-asset traders.

Unlike some global or neo-brokers, Moomoo does not support cryptocurrencies, stablecoins, NFTs, or any direct derivatives (such as futures or options on broader indices, commodities, or FX) for Canadian clients. There are no leveraged CFD markets or spot FX pairs, making the platform oriented toward classic equity investing and trading rather than speculative or alternative asset strategies.

Bond market access is not present on the Canadian platform, and there are no staking, lending, or “earn” features. Moomoo’s clear focus is on low-cost, tech-forward stock and ETF execution, delivered with robust data and analytical tools—but not on asset class diversity. For investors primarily interested in stocks and ETFs, this leads to a very clean and efficient experience, but broader asset class access is missing compared to some competitors.

Asset ClassTypeNumber at MoomooMarket AverageExample Assets
StocksSpot5,000+ (US+CA)2,000–10,000+AAPL, TSLA, RY, CNQ
ETFsSpot300+100–800VOO, QQQ, XIU, ZSP
CryptocurrenciesNot available030–300+ (with crypto bros)
Currencies (Forex)Not available040–70+ FX pairs
CommoditiesNot available010–40
IndicesNot available010–40
BondsNot available030–60
StablecoinsNot available05–10
NFTsNot available010–30 (crypto platforms)
Other derivativesNot available020–100+ (global brokers)
Stocks
Type
Spot
Number at Moomoo
5,000+ (US+CA)
Market Average
2,000–10,000+
Example Assets
AAPL, TSLA, RY, CNQ
ETFs
Type
Spot
Number at Moomoo
300+
Market Average
100–800
Example Assets
VOO, QQQ, XIU, ZSP
Cryptocurrencies
Type
Not available
Number at Moomoo
0
Market Average
30–300+ (with crypto bros)
Example Assets
Currencies (Forex)
Type
Not available
Number at Moomoo
0
Market Average
40–70+ FX pairs
Example Assets
Commodities
Type
Not available
Number at Moomoo
0
Market Average
10–40
Example Assets
Indices
Type
Not available
Number at Moomoo
0
Market Average
10–40
Example Assets
Bonds
Type
Not available
Number at Moomoo
0
Market Average
30–60
Example Assets
Stablecoins
Type
Not available
Number at Moomoo
0
Market Average
5–10
Example Assets
NFTs
Type
Not available
Number at Moomoo
0
Market Average
10–30 (crypto platforms)
Example Assets
Other derivatives
Type
Not available
Number at Moomoo
0
Market Average
20–100+ (global brokers)
Example Assets

Trading Tools and Apps

The Moomoo platforms deliver a modern, accessible trading experience across web, desktop, and mobile devices. The user interface is visually appealing and streamlined, striking a balance between rich feature sets and clear navigability for both casual and active investors. I find real-time data displays, customizable watchlists, and intuitive navigation to be effective, supporting efficient monitoring and quick execution.

On the mobile app, I notice the interface is optimized for clarity and speed, allowing for real-time trading and account management on the go. Advanced charting tools with deep customization are a strong point, including a variety of technical indicators and drawing functions—though options like multi-screen charting and certain pro-level studies may feel more limited than what’s offered on platforms like TradingView or MetaTrader.

Moomoo does not provide access to MetaTrader 4/5, TradingView integration, or API-based trading for Canadian users. While this limits algorithmic trading and automation, the proprietary platform still offers strong charting, comprehensive research, and responsive order routing. Order types include market, limit, stop, stop-limit, and trailing stop, offering sufficient flexibility for risk management and trade planning.

For new investors, demo accounts with virtual portfolios encourage safe practice and familiarization with the tools. Veteran traders will appreciate the depth of order types and data, although the absence of automated trading, copy trading, or scripting functions is a key limitation. The lack of support for crypto, staking, and advanced derivatives makes the environment best suited for equity, ETF, and options traders focusing on North American markets.

FeatureVerified Details
Mobile appProprietary iOS/Android app; no MetaTrader or TradingView; no crypto wallet
UsabilityIntuitive, fluid, and user-friendly; emphasizes clarity and customization
Compatible softwareProprietary platform (web, desktop, mobile); no MT4/MT5, no TradingView, no crypto API
Order typesMarket, limit, stop, stop-limit, trailing stop; no OCO or advanced algo orders
Charting and technical analysisWide set of built-in indicators, drawing tools, multi-timeframe views; lacks TradingView-level custom studies
Auto trading / Automated strategiesNot available; no EAs, bots, copy trading, or automation
Algorithmic tradingNot available; no custom scripts or AI integration
Negative balance protectionNot specifically stated; margin accounts governed by Canadian regulatory requirements
Trading signalsIn-platform news and analysis; no TradingView signal or external alert system integration
Asset search and filtersFlexible search and filtering for stocks, ETFs, and options; real-time data integration
Spot stock purchaseAvailable for US and Canadian stocks; no CFD or leveraged spot for retail beginners
Staking and earnNot available; no crypto, lending, or staking features
Mobile app
Verified Details
Proprietary iOS/Android app; no MetaTrader or TradingView; no crypto wallet
Usability
Verified Details
Intuitive, fluid, and user-friendly; emphasizes clarity and customization
Compatible software
Verified Details
Proprietary platform (web, desktop, mobile); no MT4/MT5, no TradingView, no crypto API
Order types
Verified Details
Market, limit, stop, stop-limit, trailing stop; no OCO or advanced algo orders
Charting and technical analysis
Verified Details
Wide set of built-in indicators, drawing tools, multi-timeframe views; lacks TradingView-level custom studies
Auto trading / Automated strategies
Verified Details
Not available; no EAs, bots, copy trading, or automation
Algorithmic trading
Verified Details
Not available; no custom scripts or AI integration
Negative balance protection
Verified Details
Not specifically stated; margin accounts governed by Canadian regulatory requirements
Trading signals
Verified Details
In-platform news and analysis; no TradingView signal or external alert system integration
Asset search and filters
Verified Details
Flexible search and filtering for stocks, ETFs, and options; real-time data integration
Spot stock purchase
Verified Details
Available for US and Canadian stocks; no CFD or leveraged spot for retail beginners
Staking and earn
Verified Details
Not available; no crypto, lending, or staking features
icon

Tip

Use the demo account to master complex order types and charting tools before trading live. Take advantage of multi-device sync—monitor the market on desktop for advanced analysis, then execute quick trades from the mobile app when on the go. For additional account security, always enable two-factor authentication within your Moomoo profile settings.

Account Opening & Deposits

Account opening

Opening an account with Moomoo begins with registering via their app or website. The process starts by filling out a basic application, where you’ll enter personal details such as name, tax information, and address. You’ll then be prompted to confirm your financial profile, which includes employment status and investment experience, in line with Canadian regulatory requirements.

Next, identity verification is required. This involves securely uploading a government-issued photo ID and a proof of address document, such as a utility bill or bank statement. Canadian users will also need to provide their SIN for tax purposes. After submitting all documentation, Moomoo’s team reviews your application. Most accounts are validated within 1–2 business days, and you’ll receive a confirmation email once your account is approved and ready to fund.

icon

Good to know

Choosing the right base currency for your account during registration can help avoid unnecessary conversion charges later. During periods of high demand (market volatility, tax season), allow extra time for verification and document review.

ItemDetails
Opening procedureRegister on app/website, complete personal info, submit KYC documents, regulatory review
Validation time1–2 business days (can be longer during peak periods)
Accepted deposit methodsElectronic Funds Transfer (EFT), Bank Wire
Minimum required deposit$0 CAD
Required documentsGovernment-issued ID, proof of address, SIN (tax)
Practical tipPrepare clear photos/scans of required documents to avoid delays
Account Opening and Deposit Details
Opening procedure
Details
Register on app/website, complete personal info, submit KYC documents, regulatory review
Validation time
Details
1–2 business days (can be longer during peak periods)
Accepted deposit methods
Details
Electronic Funds Transfer (EFT), Bank Wire
Minimum required deposit
Details
$0 CAD
Required documents
Details
Government-issued ID, proof of address, SIN (tax)
Practical tip
Details
Prepare clear photos/scans of required documents to avoid delays
Account Opening and Deposit Details

Deposits and withdrawals on Moomoo

Funding your Moomoo account is straightforward, with options for Electronic Funds Transfer (EFT) and bank wire transfers—both in CAD and USD, supporting seamless movement between Canadian banking institutions and your brokerage account. All deposit methods are free of charge, and processing times usually range from instant (for internal EFTs) up to 1–3 business days for external wires or interbank transfers. Withdrawals work via the same methods, with funds generally available in your bank within 1–3 business days, though fees may apply for bank wires depending on your financial institution.

Moomoo does not currently support deposits or withdrawals by credit card, e-wallet, crypto, or stablecoins for Canadian users, nor does it offer an internal wallet or fiat-to-crypto conversion. Always check the status and fees not only with Moomoo but also with your bank, especially for wire transfers.

icon

Good to know

Confirm your account’s base currency and linked bank account before transferring funds. Check with your bank regarding potential wire transfer fees or currency conversion costs, and factor in that interbank processing times may be longer near weekends or holidays.

Payment methodAccepted currenciesMinimum amountProcessing timePossible fees
Credit cardNot supported
Bank transferCAD, USD$01–3 business daysNo Moomoo fee; bank may apply
E-walletsNot supported
Stablecoins/cryptosNot supported
Other local optionsNot supported
Payment methods
Credit card
Accepted currencies
Not supported
Minimum amount
Processing time
Possible fees
Bank transfer
Accepted currencies
CAD, USD
Minimum amount
$0
Processing time
1–3 business days
Possible fees
No Moomoo fee; bank may apply
E-wallets
Accepted currencies
Not supported
Minimum amount
Processing time
Possible fees
Stablecoins/cryptos
Accepted currencies
Not supported
Minimum amount
Processing time
Possible fees
Other local options
Accepted currencies
Not supported
Minimum amount
Processing time
Possible fees
Payment methods

Account Types

Moomoo is an online self-directed investing platform regulated in Canada, designed primarily for trading US and Canadian stocks, ETFs, and options. While it is not a CFD/Forex or crypto platform, Moomoo offers a variety of account structures suited to retail and long-term investors, including cash, margin, and tax-advantaged accounts such as TFSA and RRSP. Although features like demo accounts and advanced mobile platforms are available, there is no support for CFD accounts, Islamic account types, or crypto-specific services.

Account TypeAvailable (✅/❌)Main Features
Demo accountPractice with virtual funds after registration; risk-free trading education
Standard accountCash and margin accounts; $0 minimum deposit; real equities/ETFs
Raw ECN accountNot available; Moomoo does not offer ECN or direct market access for CFD/forex
Islamic accountNot supported; swap-free/Islamic accounts not available in Canada
Professional accountNot offered; accounts are designed for retail clients
CFD accountCFDs, forex, and derivatives are not supported in Canada
Classic securities accountStandard brokerage for stocks, ETFs, and options
Staking/earn accountNo staking or crypto earning; Moomoo is not a crypto platform
Cold storage accountNo direct crypto wallet or cold storage; only traditional securities accounts
Tax-advantaged accountTFSA and RRSP available; benefit from Canadian tax advantages
Accepted base currenciesCAD, USDChoose between Canadian and US dollars for account funding and trading
Overview of Moomoo Account Types and Features
Demo account
Available (✅/❌)
Main Features
Practice with virtual funds after registration; risk-free trading education
Standard account
Available (✅/❌)
Main Features
Cash and margin accounts; $0 minimum deposit; real equities/ETFs
Raw ECN account
Available (✅/❌)
Main Features
Not available; Moomoo does not offer ECN or direct market access for CFD/forex
Islamic account
Available (✅/❌)
Main Features
Not supported; swap-free/Islamic accounts not available in Canada
Professional account
Available (✅/❌)
Main Features
Not offered; accounts are designed for retail clients
CFD account
Available (✅/❌)
Main Features
CFDs, forex, and derivatives are not supported in Canada
Classic securities account
Available (✅/❌)
Main Features
Standard brokerage for stocks, ETFs, and options
Staking/earn account
Available (✅/❌)
Main Features
No staking or crypto earning; Moomoo is not a crypto platform
Cold storage account
Available (✅/❌)
Main Features
No direct crypto wallet or cold storage; only traditional securities accounts
Tax-advantaged account
Available (✅/❌)
Main Features
TFSA and RRSP available; benefit from Canadian tax advantages
Accepted base currencies
Available (✅/❌)
CAD, USD
Main Features
Choose between Canadian and US dollars for account funding and trading
Overview of Moomoo Account Types and Features
icon

Tip

When choosing your Moomoo account, consider whether you value tax savings (TFSA/RRSP) or margin flexibility. Always compare trading commissions and available features before funding your account, and use the demo mode to get familiar with Moomoo's desktop and mobile platforms before placing real trades.

Customer reviews

Moomoo has a global Trustpilot rating of approximately 3.5 out of 5 stars, based on over 1,000 reviews. Users share a mix of positive and negative experiences that highlight key aspects of the platform for Canadian and international clients.

Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :

  • Easy-to-use mobile and web platforms with a modern interface
  • Low trading fees, especially for U.S. stocks and ETFs
  • Quick and simple account opening process
  • Access to advanced trading tools and real-time market data
  • Flexible funding options with no deposit fees

En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :

  • Slow customer service response times, especially during busy periods
  • Limited investment options for Canadian-listed assets
  • Occasional app or platform bugs affecting user experience
  • Lengthy identity verification process for some users
  • Withdrawal fees may apply depending on the chosen method

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

J.L. – 18/03/2024 : “The platform is easy to use and the fees are low, but customer service response times can be slow.”

S.P. – 11/04/2024 : “Great for US stock trading, but wish there were more Canadian investment options.”

K.R. – 29/02/2024 : “App is feature-rich, but the verification process took longer than expected.”

FAQ

Is Moomoo regulated in CA?

Yes, Moomoo operates in Canada through Moomoo Financial Canada Inc., which is regulated by the Canadian Investment Regulatory Organization (CIRO). Client accounts are also protected by the Canadian Investor Protection Fund (CIPF) up to certain limits.

What is the minimum deposit on Moomoo?

For Canadian users, there is no minimum deposit required to open an account on Moomoo. This policy makes it accessible for beginners as well as experienced investors to start trading with any amount.

Does Moomoo offer a welcome bonus?

Moomoo occasionally offers promotions, such as free stocks upon account opening or deposit. Availability and terms may vary, so it’s best to check the official website or app for the latest offers relevant to Canadian clients.

How does leverage work on Moomoo?

Leverage is available through margin accounts, with a typical maximum of up to 3.33:1 for eligible Canadian and U.S. stocks. The specific leverage provided depends on the type of security, market regulations, and your account status.

How does Moomoo make money?

Moomoo earns revenue primarily from trading commissions, interest on margin loans, and other service fees. There are no account opening, inactivity, or deposit fees, but withdrawal or currency conversion fees may apply based on transaction type and bank.

Who is behind Moomoo?

Moomoo is operated by Moomoo Financial Inc. and Moomoo Financial Canada Inc. The platform is part of the Futu Holdings group, a publicly listed global fintech company with extensive experience in digital brokerage.

When was Moomoo launched?

Moomoo was launched in 2018 by Futu Holdings to provide a modern, technology-driven brokerage experience. It has since expanded internationally to regions including the United States, Canada, Australia, and Singapore.

Does Moomoo offer copy trading or social trading?

Copy trading and live social trading are not currently available for Canadian users. The platform provides comprehensive educational resources and market insights but does not support automated copy trading functions at this time.

How can I contact Moomoo’s customer service?

Moomoo’s customer service is available via toll-free phone (1-888-436-0085), local phone (416-849-0915), email ([email protected]), and 24/7 online inquiry through their website or app. Phone support operates on trading days during regular market hours.

Does Moomoo offer any promotions or referral programs?

Moomoo runs referral programs and occasional promotions that reward users for bringing in new clients or for deposits. These offers change over time, so review the current details on the Moomoo platform or in promotional communications.

Is Moomoo regulated in CA?

Yes, Moomoo operates in Canada through Moomoo Financial Canada Inc., which is regulated by the Canadian Investment Regulatory Organization (CIRO). Client accounts are also protected by the Canadian Investor Protection Fund (CIPF) up to certain limits.

What is the minimum deposit on Moomoo?

For Canadian users, there is no minimum deposit required to open an account on Moomoo. This policy makes it accessible for beginners as well as experienced investors to start trading with any amount.

Does Moomoo offer a welcome bonus?

Moomoo occasionally offers promotions, such as free stocks upon account opening or deposit. Availability and terms may vary, so it’s best to check the official website or app for the latest offers relevant to Canadian clients.

How does leverage work on Moomoo?

Leverage is available through margin accounts, with a typical maximum of up to 3.33:1 for eligible Canadian and U.S. stocks. The specific leverage provided depends on the type of security, market regulations, and your account status.

How does Moomoo make money?

Moomoo earns revenue primarily from trading commissions, interest on margin loans, and other service fees. There are no account opening, inactivity, or deposit fees, but withdrawal or currency conversion fees may apply based on transaction type and bank.

Who is behind Moomoo?

Moomoo is operated by Moomoo Financial Inc. and Moomoo Financial Canada Inc. The platform is part of the Futu Holdings group, a publicly listed global fintech company with extensive experience in digital brokerage.

When was Moomoo launched?

Moomoo was launched in 2018 by Futu Holdings to provide a modern, technology-driven brokerage experience. It has since expanded internationally to regions including the United States, Canada, Australia, and Singapore.

Does Moomoo offer copy trading or social trading?

Copy trading and live social trading are not currently available for Canadian users. The platform provides comprehensive educational resources and market insights but does not support automated copy trading functions at this time.

How can I contact Moomoo’s customer service?

Moomoo’s customer service is available via toll-free phone (1-888-436-0085), local phone (416-849-0915), email ([email protected]), and 24/7 online inquiry through their website or app. Phone support operates on trading days during regular market hours.

Does Moomoo offer any promotions or referral programs?

Moomoo runs referral programs and occasional promotions that reward users for bringing in new clients or for deposits. These offers change over time, so review the current details on the Moomoo platform or in promotional communications.

P. Laurore
P. Laurore
Finance expert
HelloSafe
Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.

Ask a question, an expert will answer

X
Invest with our partner Eightcap !