My opinion on Moomoo
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
- ✅$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
- ✅$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
- ✅$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
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
Fonctionnalité | Détail |
---|---|
💰 Dépôt minimum | $0 CAD |
🛡️ Régulation | CIRO regulated, CIPF member (Canada) |
💎 Licence crypto | Not available |
📄 Enregistrement FSMA | Not registered with FSMA |
📈 Actifs disponibles | US & Canadian stocks, ETFs, options |
📊 Plateformes de trading | Web, mobile app (iOS/Android), desktop platform |
🛠️ Outils de trading | Real-time data, advanced charting, customizable watchlists, in-depth research, news |
🧪 Compte démo | Free demo account with virtual funds |
☪️ Compte islamique | Not available |
📝 Ordres clés | Market, limit, stop, stop limit, trailing stop orders |
⚡ Effet de levier | Up to 3.33:1 on margin accounts |
💸 Frais | $1.99/trade (US stocks/ETFs), no account/inactivity/deposit fees, withdrawal fees may apply |
📞 Support client | Phone, email, online inquiry; phone (8:30–16:30 ET trading days), 24/7 email/online |
🌟 Avis Trustpilot | 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.
Indicator | Description | Evaluation |
---|---|---|
Regulatory compliance | CIRO regulated, CIPF member, adheres to Canadian investor protection laws | 5/5 |
Fund security | Full segregation of client funds, no CFDs/crypto exposure, CIPF coverage | 5/5 |
Risk management tools | Supports stop/limit/trailing stop, 2FA, but no explicit negative balance protection | 4/5 |
Notoriety and coverage | Good user reputation, global Trustpilot around 3.5/5, recognized in Canada, clear regulatory standing | 4/5 |
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 Type | Conditions at Moomoo | Market Average |
---|---|---|
Opening fee | $0 | $0–$50 |
Maintenance fee | $0 | $0–$120/year |
Withdrawal fee | Varies by method (typically $0–$20) | $0–$25 |
Inactivity fee | $0 | $0–$50/year |
Currency conversion fee | Typically market rate plus markup (e.g. ~1.5%) | 1%–2.5% |
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 Type | Conditions at Moomoo | Market 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 | $0 | 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 Type | Conditions at Moomoo | Market Average (crypto or CFD brokers) |
---|---|---|
Buy/sell fees | Not available | 0.1%–1.5% per transaction |
Spread fees | Not available | 0.25%–2% |
Overnight fees | Not available | 0.03%–0.15% per night |
Custody fees | Not available | 0%–1%/year |
Transfer fees | Not available | $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 Asset | Maximum Leverage | Spread at Moomoo | Overnight Fee | Market Average (CFD brokers) |
---|---|---|---|---|
CFD Stocks | Not offered | N/A | N/A | $0.03–$0.15/share |
Gold (XAU/USD) | Not offered | N/A | N/A | $0.30–$0.55 |
Silver (XAG/USD) | Not offered | N/A | N/A | $0.02–$0.05 |
Oil (WTI) | Not offered | N/A | N/A | $0.03–$0.08 |
EUR/USD | Not offered | N/A | N/A | 0.6–1.5 pips |
EUR/GBP | Not offered | N/A | N/A | 1–2 pips |
USD/JPY | Not offered | N/A | N/A | 0.7–1.5 pips |
GBP/USD | Not offered | N/A | N/A | 0.9–2.1 pips |
BEL 20 (BEL20) | Not offered | N/A | N/A | 1–3 index points |
BTC/USD (crypto CFD) | Not offered | N/A | N/A | 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 Class | Type | Number at Moomoo | Market Average | Example Assets |
---|---|---|---|---|
Stocks | Spot | 5,000+ (US+CA) | 2,000–10,000+ | AAPL, TSLA, RY, CNQ |
ETFs | Spot | 300+ | 100–800 | VOO, QQQ, XIU, ZSP |
Cryptocurrencies | Not available | 0 | 30–300+ (with crypto bros) | — |
Currencies (Forex) | Not available | 0 | 40–70+ FX pairs | — |
Commodities | Not available | 0 | 10–40 | — |
Indices | Not available | 0 | 10–40 | — |
Bonds | Not available | 0 | 30–60 | — |
Stablecoins | Not available | 0 | 5–10 | — |
NFTs | Not available | 0 | 10–30 (crypto platforms) | — |
Other derivatives | Not available | 0 | 20–100+ (global brokers) | — |
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.
Feature | Verified Details |
---|---|
Mobile app | Proprietary iOS/Android app; no MetaTrader or TradingView; no crypto wallet |
Usability | Intuitive, fluid, and user-friendly; emphasizes clarity and customization |
Compatible software | Proprietary platform (web, desktop, mobile); no MT4/MT5, no TradingView, no crypto API |
Order types | Market, limit, stop, stop-limit, trailing stop; no OCO or advanced algo orders |
Charting and technical analysis | Wide set of built-in indicators, drawing tools, multi-timeframe views; lacks TradingView-level custom studies |
Auto trading / Automated strategies | Not available; no EAs, bots, copy trading, or automation |
Algorithmic trading | Not available; no custom scripts or AI integration |
Negative balance protection | Not specifically stated; margin accounts governed by Canadian regulatory requirements |
Trading signals | In-platform news and analysis; no TradingView signal or external alert system integration |
Asset search and filters | Flexible search and filtering for stocks, ETFs, and options; real-time data integration |
Spot stock purchase | Available for US and Canadian stocks; no CFD or leveraged spot for retail beginners |
Staking and earn | Not available; no crypto, lending, or staking features |
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.
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.
Item | Details |
---|---|
Opening procedure | Register on app/website, complete personal info, submit KYC documents, regulatory review |
Validation time | 1–2 business days (can be longer during peak periods) |
Accepted deposit methods | Electronic Funds Transfer (EFT), Bank Wire |
Minimum required deposit | $0 CAD |
Required documents | Government-issued ID, proof of address, SIN (tax) |
Practical tip | Prepare clear photos/scans of required documents to avoid delays |
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.
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 method | Accepted currencies | Minimum amount | Processing time | Possible fees |
---|---|---|---|---|
Credit card | Not supported | – | – | – |
Bank transfer | CAD, USD | $0 | 1–3 business days | No Moomoo fee; bank may apply |
E-wallets | Not supported | – | – | – |
Stablecoins/cryptos | Not supported | – | – | – |
Other local options | Not supported | – | – | – |
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 Type | Available (✅/❌) | Main Features |
---|---|---|
Demo account | ✅ | Practice with virtual funds after registration; risk-free trading education |
Standard account | ✅ | Cash and margin accounts; $0 minimum deposit; real equities/ETFs |
Raw ECN account | ❌ | Not available; Moomoo does not offer ECN or direct market access for CFD/forex |
Islamic account | ❌ | Not supported; swap-free/Islamic accounts not available in Canada |
Professional account | ❌ | Not offered; accounts are designed for retail clients |
CFD account | ❌ | CFDs, forex, and derivatives are not supported in Canada |
Classic securities account | ✅ | Standard brokerage for stocks, ETFs, and options |
Staking/earn account | ❌ | No staking or crypto earning; Moomoo is not a crypto platform |
Cold storage account | ❌ | No direct crypto wallet or cold storage; only traditional securities accounts |
Tax-advantaged account | ✅ | TFSA and RRSP available; benefit from Canadian tax advantages |
Accepted base currencies | CAD, USD | Choose between Canadian and US dollars for account funding and trading |
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.