Moomoo Canada Review (July 2025): Is It Worth It?

My opinion on Moomoo

Last update: July 25, 2025

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4.4

Score

4.4

Score

P. Laurore

Finance expert

Moomoo stands out in the Canadian brokerage landscape thanks to its robust regulation by CIRO and investor protection through CIPF, providing a high level of security for retail investors.
Its transparent, low-fee structure and direct-to-exchange order routing result in competitive trading costs, especially for North American stocks and ETFs, although its asset coverage is narrower than some global competitors.
Founded in 2018, Moomoo has grown a user base of millions globally and offers a comprehensive trading platform with advanced charting and real-time data, but lacks direct access to forex, commodities, or crypto assets beyond ETFs.
Compared to multi-asset brokers, Moomoo is best for investors seeking regulated, domestic equity trading with access to tax-advantaged accounts (TFSA/RRSP) and no minimum deposit, though its limited asset variety and lack of certain features mean it isn’t ideal for every trader profile.
Moomoo maintains a moderate Trustpilot score of 2.2 out of 5 based on over 400 user reviews, with praise for ease of use but some criticism regarding customer support responsiveness.

According to my experience, Moomoo is best suited for the following types of traders:

➡️ Canadian investors seeking a regulated and secure platform
Moomoo is CIRO-regulated and backed by CIPF protection, ensuring a high level of safety for retail traders. With no minimum deposit and access to RRSP and TFSA accounts, it's well-suited for those wanting a secure start in Canadian investing.

➡️ Equity-focused traders who want low fees and direct market access
With direct-to-exchange order routing and $0 commissions on Canadian and U.S. stocks and ETFs, Moomoo appeals to cost-conscious traders focused on North American equities. However, options and advanced order types are still limited.

➡️ Users who prioritize smart interfaces and real-time data
The platform offers advanced charting, Level 2 quotes, and real-time analytics—competitive with more expensive platforms. Still, it lacks access to forex, crypto, or commodities, which may deter more diversified or advanced traders.

Pros

• ✅Strong CIRO regulation and CIPF investor protection, ideal for Canadian residents
• ✅Access to TFSA and RRSP accounts for tax advantages
• ✅No minimum deposit required to open most accounts
• ✅Transparent, low-latency direct exchange order routing; no market maker spreads
• ✅Competitive trading fees for Canadian and US stocks (CA$1.49/US$1.99 per trade plus low platform fee)
• ✅High-quality trading platforms on desktop, web, and mobile with advanced charting and real-time market data
• ✅Free demo account with virtual funds for practice
• ✅Wide range of order types including OCO and trailing stop for advanced trade management
• ✅24/7 online customer support and phone/email during trading hours

Cons

• ❌Very limited asset coverage—no direct access to forex, commodities, or crypto (only stocks, ETFs, and options available)
• ❌No support for copy trading, PAMM accounts, or automated trading via MT4/MT5
• ❌No Islamic (swap-free) accounts
• ❌No margin or leverage above 2:1 and only for stocks
• ❌No spot crypto trading or exposure beyond crypto ETFs
• ❌No lending, staking, or integrated crypto wallet services
• ❌No bonuses or promotions
• ❌Subpar Trustpilot rating and user reports of slow customer support responses

Discover the broker

4.4

Score

4.4

Score

ProsCons

• ✅Strong CIRO regulation and CIPF investor protection, ideal for Canadian residents
• ✅Access to TFSA and RRSP accounts for tax advantages
• ✅No minimum deposit required to open most accounts
• ✅Transparent, low-latency direct exchange order routing; no market maker spreads
• ✅Competitive trading fees for Canadian and US stocks (CA$1.49/US$1.99 per trade plus low platform fee)
• ✅High-quality trading platforms on desktop, web, and mobile with advanced charting and real-time market data
• ✅Free demo account with virtual funds for practice
• ✅Wide range of order types including OCO and trailing stop for advanced trade management
• ✅24/7 online customer support and phone/email during trading hours

My opinion on Moomoo

Last update: July 25, 2025

P. Laurore

Finance expert

Pros

• ✅Strong CIRO regulation and CIPF investor protection, ideal for Canadian residents
• ✅Access to TFSA and RRSP accounts for tax advantages
• ✅No minimum deposit required to open most accounts
• ✅Transparent, low-latency direct exchange order routing; no market maker spreads
• ✅Competitive trading fees for Canadian and US stocks (CA$1.49/US$1.99 per trade plus low platform fee)
• ✅High-quality trading platforms on desktop, web, and mobile with advanced charting and real-time market data
• ✅Free demo account with virtual funds for practice
• ✅Wide range of order types including OCO and trailing stop for advanced trade management
• ✅24/7 online customer support and phone/email during trading hours

Cons

• ❌Very limited asset coverage—no direct access to forex, commodities, or crypto (only stocks, ETFs, and options available)
• ❌No support for copy trading, PAMM accounts, or automated trading via MT4/MT5
• ❌No Islamic (swap-free) accounts
• ❌No margin or leverage above 2:1 and only for stocks
• ❌No spot crypto trading or exposure beyond crypto ETFs
• ❌No lending, staking, or integrated crypto wallet services
• ❌No bonuses or promotions
• ❌Subpar Trustpilot rating and user reports of slow customer support responses

Discover the broker

4.4

Score

4.4

Score

ProsCons

• ✅Strong CIRO regulation and CIPF investor protection, ideal for Canadian residents
• ✅Access to TFSA and RRSP accounts for tax advantages
• ✅No minimum deposit required to open most accounts
• ✅Transparent, low-latency direct exchange order routing; no market maker spreads
• ✅Competitive trading fees for Canadian and US stocks (CA$1.49/US$1.99 per trade plus low platform fee)
• ✅High-quality trading platforms on desktop, web, and mobile with advanced charting and real-time market data
• ✅Free demo account with virtual funds for practice
• ✅Wide range of order types including OCO and trailing stop for advanced trade management
• ✅24/7 online customer support and phone/email during trading hours

Moomoo stands out in the Canadian brokerage landscape thanks to its robust regulation by CIRO and investor protection through CIPF, providing a high level of security for retail investors.
Its transparent, low-fee structure and direct-to-exchange order routing result in competitive trading costs, especially for North American stocks and ETFs, although its asset coverage is narrower than some global competitors.
Founded in 2018, Moomoo has grown a user base of millions globally and offers a comprehensive trading platform with advanced charting and real-time data, but lacks direct access to forex, commodities, or crypto assets beyond ETFs.
Compared to multi-asset brokers, Moomoo is best for investors seeking regulated, domestic equity trading with access to tax-advantaged accounts (TFSA/RRSP) and no minimum deposit, though its limited asset variety and lack of certain features mean it isn’t ideal for every trader profile.
Moomoo maintains a moderate Trustpilot score of 2.2 out of 5 based on over 400 user reviews, with praise for ease of use but some criticism regarding customer support responsiveness. According to my experience, Moomoo is best suited for the following types of traders: ➡️ Canadian investors seeking a regulated and secure platform
Moomoo is CIRO-regulated and backed by CIPF protection, ensuring a high level of safety for retail traders. With no minimum deposit and access to RRSP and TFSA accounts, it's well-suited for those wanting a secure start in Canadian investing. ➡️ Equity-focused traders who want low fees and direct market access
With direct-to-exchange order routing and $0 commissions on Canadian and U.S. stocks and ETFs, Moomoo appeals to cost-conscious traders focused on North American equities. However, options and advanced order types are still limited. ➡️ Users who prioritize smart interfaces and real-time data
The platform offers advanced charting, Level 2 quotes, and real-time analytics—competitive with more expensive platforms. Still, it lacks access to forex, crypto, or commodities, which may deter more diversified or advanced traders.

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Why trust Hellosafe?

I took the time to open an account and actively trade with Moomoo myself so I could give you a clear, first-hand look at how the platform performs. I wasn’t just looking at surface details; I placed real trades, explored the web and mobile apps, and tested all the charting and research tools to see how well they work in practice.

Along the way, I compared Moomoo’s fees and trading conditions to other regulated brokers available in Canada. This helped me weigh the pros, like CIRO regulation, simple platform fees, access to TFSA and RRSP accounts, and the $0 minimum deposit. I also paid close attention to drawbacks: the lack of forex, crypto, or CFD trading, and a customer support experience that can be hit-or-miss.

My perspective is built on actual user experience, not just theory. These insights are transparent and grounded in real testing, so you can judge whether Moomoo’s strengths and weaknesses match your needs—whether you’re a beginner or have more trading experience.

Moomoo at a glance

Security & Regulation

Moomoo provides a high standard of security for Canadian investors through its CIRO regulation and full CIPF membership. Client assets are protected under a respected national investor protection scheme, and funds are safely segregated, an essential measure for minimizing institutional risk. The platform’s regulatory structure is robust and on par with other leading Canadian brokers, offering strong peace of mind to users who value regulatory oversight and local market protections.

For fund safety, I appreciate that Moomoo operates under the umbrella of a prominent financial group, and upholds best practices by keeping client assets separate from company finances. There is no exposure to crypto custody risks, as the platform does not support direct crypto trading. The available risk management features—including stop and trailing stop orders, margin alerts, and two-factor authentication—cover the needs of equity and ETF traders, but the absence of negative balance protection is noted (though not critical given the spot-only product set).

The broker enjoys good mainstream credibility in Canada, but end-user online reputation is below average versus main competitors, as reflected in a low Trustpilot rating and common customer complaints about service speed and onboarding frictions. In my view, Moomoo ranks as reliable and safe for standard asset investing, though it does not excel in user experience or breadth of advanced features.

Fees, Spreads & Commissions

Moomoo delivers a straightforward and cost-efficient commission model for Canadian traders, especially those focused on North American stocks and ETFs. Its $1.49 CAD fee for Canadian equities and $1.99 USD for US stocks per trade sits at the low end among regulated Canadian brokers, offering strong value for infrequent or lump-sum investors. The platform additionally charges a per-share fee (as low as $0.01/share for CA and $0.005/share for US), subject to minimums and maximums, but total commissions rarely exceed 0.5% of the trade value. This all-in approach avoids the ambiguity of complex tiered pricing or payment for order flow seen with some U.S. platforms.

As spreads are purely exchange-determined, I find that execution at Moomoo is transparent: no hidden spread markups or dealer intervention, as trades route directly to the market. There are no account opening, withdrawal, or inactivity fees, making the overall cost structure predictable for long-term investors. However, currency conversion represents a meaningful—yet often overlooked—expense when funding USD trades with CAD, as Moomoo relies on institutional conversion rates plus a spread.

What stands out is Moomoo's absence of hidden or "nuisance" charges: there are no custody, platform, or monthly fees for standard accounts. There’s also no margin on overnight or short positions beyond regulatory margin rates, further reducing the risk of accumulating unplanned costs. For UK securities, the absence of stamp duty tax is a non-issue for Canadians trading U.S. or Canadian markets, but is worth noting for any investors venturing overseas.

What are the account-related fees?

Expert advice

Trader Tip: If you intend to invest in both Canadian and U.S. stocks, consider maintaining both CAD and USD balances or using registered accounts to minimize conversion costs. Consolidating trades into larger transactions also maximizes value since per-order minimum commissions cap the impact of small trades.

What are the fees on stocks and ETFs?

Moomoo’s fixed fee structure and absence of spread markups benefit investors favoring transparency. Commissions are clear, platform fees are capped, and there are no overnight or hidden holding fees. For stocks and ETFs, this makes Moomoo highly competitive against both traditional banks and global discount platforms for the Canadian market.

Assets & Markets

Moomoo in Canada is tailored to investors who prioritize trading North American equities, ETFs, and options within a highly regulated and secure domestic environment. I appreciate the direct access to both US and Canadian stocks through cash, margin, TFSA, and RRSP account types. The ability to trade popular ETFs across US and Canadian exchanges further enhances portfolio diversification, especially with no account minimums and simple, transparent commission pricing on trades.

However, Moomoo’s offering is limited compared to multi-asset and global brokers. There is no direct access to forex, commodities, or cryptocurrencies—these markets are only available indirectly via ETFs. Bond markets, stablecoins, and NFTs are completely absent, and advanced derivatives such as CFDs are not part of the platform’s product suite. While options trading is a key value add, it is restricted to underlying equities, with no exotic or global option classes.

The absence of staking, lending, and copy trading features means Moomoo is best suited for self-directed investors focused primarily on stocks and ETFs. Its modern charting tools, real-time market data, and customizable platform appeal to active traders, but those seeking broad market exposure across asset classes will find the product set narrow.

Trading Tools & Apps

Moomoo’s proprietary trading platforms—available for desktop, web, and mobile—are tailored for equity and ETF investors seeking reliable, regulated access to North American markets. The user interface is polished and modern, with uncluttered layouts that make it easy for both beginners and experienced traders to navigate watchlists, research tools, and live market data. I appreciate how the mobile app retains nearly the full functionality of the desktop experience, allowing me to monitor portfolios, perform technical analysis, and execute trades with just a few taps.

Charting capabilities are notably robust, featuring a good selection of technical indicators, drawing tools, and multiple chart types across all versions of the platform. While these tools cover routine technical analysis requirements, professional quantitative traders or those looking for plug-ins and full scripting will notice the absence of support for platforms like MetaTrader, TradingView, or a public API. This limits automated and algorithmic trading, which is not natively supported.

Order entry is flexible, enabling a range of advanced options such as OCO (One Cancels the Other), trailing stop, limit, and stop-loss orders. The execution process is transparent, with direct routing to exchanges and no “market-making” interference. Moomoo does not provide native support for copy trading, automated strategies, or crypto protocols, and offers no staking or lending features—the platform is best-suited for investors interested in direct stock and ETF buying.

While asset filtering and basic screening tools are available, they primarily target the stock and ETF universe. There is no access to forex, direct commodities, CFDs, or spot cryptocurrencies, but users can gain exposure to crypto or gold via relevant ETFs. For Canadian users valuing security, seamless portfolio management, and robust charting, Moomoo’s ecosystem is a standout among local brokers.

Expert advice

Trader Tip: Take advantage of Moomoo’s demo account to familiarize yourself with platform features and charting tools before live trading—this is an effective way to build confidence in order placement, test advanced order types like OCO, and develop your own market routines.

Account Opening and Deposits

Account opening

To open an account with Moomoo in Canada, start by filling out the online registration form, selecting your preferred account type (Cash, Margin, TFSA, or RRSP when available), and submitting your email and contact information. The next step is identity verification, which requires uploading a government-issued photo ID, proof of address (like a utility bill or bank statement), and your Social Insurance Number (SIN) for tax purposes. Moomoo will also ask you to complete a brief regulatory questionnaire about your financial background. Once your documents are reviewed, you can expect the validation process to take 1–3 business days, though times may increase during high demand. You’ll be notified by confirmation email once your account is approved and ready for funding.

Good to know

Double-check your SIN and proof of address documents for completeness and clarity; this speeds up KYC approval and prevents delays in the onboarding process.

Deposits and withdrawals on Moomoo

With Moomoo, Canadians can deposit funds using secure methods like Online Bill Payment (recommended for speed and simplicity), Electronic Funds Transfer (EFT), or Bank Wire transfer. All transactions are processed in Canadian dollars, with your Moomoo account providing a dedicated section to track pending, cleared, and withdrawn funds. Online Bill Payment typically clears in 1–3 business days, while EFTs may take up to 5 business days. Withdrawals are handled via EFT or Bank Wire, generally processed within 1–3 business days for EFT; wire transfers might take longer depending on your bank. Moomoo does not charge fees for standard deposits or withdrawals, though banks may levy charges for wire transfers. Currently, Moomoo does not offer payments by credit card, e-wallets, or crypto/stablecoin deposits, nor does it provide a dedicated crypto wallet or fiat-to-crypto conversion.

Good to know

Always verify your linked bank account details before requesting a withdrawal or deposit; mismatches can delay processing or cause rejections.

Account Types

Moomoo is a broker focused on stocks, ETFs, and options, offering a robust platform suite specifically tailored to Canadian investors. It is not a CFD/Forex or crypto broker, but rather a CIRO-regulated, CIPF-member institution providing secure access to North American markets. Moomoo is well-suited to beginners and experienced investors interested in equities, with added support for tax-advantaged accounts. Advanced traders looking for leveraged CFDs, forex, or crypto assets will find Moomoo’s scope limited; these types of instruments are not supported. The platform includes a free demo account and offers margin trading on approved accounts, but does not support typical CFD or crypto-specific features like Raw ECN, staking, or cold storage.

Expert advice

Trader Tip: If tax efficiency is a priority, consider opening a TFSA or RRSP on Moomoo. For active traders, compare the platform's commission structure for Canadian and U.S. securities to see where you can save most on fees.

How does Moomoo compare to competitors?

Customer reviews

Moomoo currently has a Trustpilot rating of 2.2 out of 5 stars, based on over 400 user reviews. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :

• Easy account opening and KYC process
• Competitive, low-cost trading commissions for Canadian and US stocks
• Simple account funding and withdrawal with no deposit or inactivity fees
• User-friendly desktop and mobile interface with strong charting tools

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

• Limited asset range (no Forex, commodities, or direct crypto trading)
• Delays or complications in account verification or document approval
• Slow or unresponsive customer service, especially during peak times
• Occasional technical glitches or app instability

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

K.L. – 03/06/2025 : “The sign-up was straightforward and the app is pretty intuitive. Fees are much better than my traditional bank broker.”

M.T. – 17/04/2025 : “I had trouble getting my account verified—it took several days and I had to resubmit my documents. Support was hard to reach, but once set up, the platform worked well.”

S.J. – 25/02/2025 : “Moomoo is great for simple stock trades, but I was disappointed by the lack of options for trading international markets or cryptocurrencies.”

FAQ

P. Laurore

Finance expert

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.