My opinion on Moomoo
Moomoo stands out as a CIRO-regulated Canadian broker specializing in North American stocks, ETFs, and options, offering reliable investor protection through CIPF membership and a transparent fee structure, which has earned it a strong position in the domestic market compared to offshore competitors focused on CFDs or forex. Its low trading commissions (as low as CA$1.49 for Canadian stocks and US$1.99 for US stocks), absence of account or inactivity fees, and $0 minimum deposit policy make it especially appealing for cost-conscious traders. While Moomoo’s asset menu is more limited than multi-asset brokers—focusing on stocks, ETFs, and options rather than forex, CFDs, or direct crypto—it compensates with robust platforms, real-time data, advanced analysis tools, and easy access to tax-advantaged accounts (TFSA/RRSP). Founded in 2018, Moomoo serves millions worldwide and brings its global tech expertise to the Canadian market. The Trustpilot score for Moomoo is 2.2 out of 5 based on 400+ reviews, indicating some user dissatisfaction primarily around customer support and onboarding, though platform pricing remains competitive. Relative to its main competitors, Moomoo is the top choice for Canadian traders prioritizing domestic regulation, safety, and low-fee access to traditional securities, though it is less suited to those seeking forex, commodities, or crypto CFDs.In my experience, Moomoo is best suited for the following trader profiles:
➡️ Cost-sensitive equity traders: Investors who want low-commission access to Canadian and U.S. stocks and ETFs with no account minimums or hidden fees.
➡️ TFSA/RRSP-focused investors: Canadians looking for tax-advantaged account options combined with a clean, modern trading experience.
➡️ Platform-driven, research-oriented users: Traders who value real-time market data, technical analysis tools, and a user-friendly interface but do not need access to forex, CFDs, or cryptocurrencies.
- ✅Regulated by CIRO and member of CIPF, offering strong investor protection for Canadians
- ✅$0 minimum deposit and no inactivity or account maintenance fees
- ✅Transparent low commissions: CA$1.49/trade (Canada), US$1.99/trade (US)
- ✅Access to tax-advantaged accounts (TFSA, RRSP), plus margin and cash accounts
- ✅Advanced, user-friendly desktop, web, and mobile trading platforms
- ✅Free demo account available for practice and learning
- ✅Comprehensive real-time data, technical analysis, and customizable tools
- ✅Wide range of North American stocks, ETFs, and listed options
- ✅Fast order execution and a choice of advanced order types
- ✅Responsive, multilingual customer support via phone, email, and online
- ❌No forex, commodity, or CFD trading – limited to stocks, ETFs, and options
- ❌No direct cryptocurrency trading; only crypto ETFs offered
- ❌No spread or commission-free trading; all trades incur fixed fees
- ❌No Islamic (swap-free) accounts available
- ❌No copy trading, PAMM, or advanced automation features
- ❌Order variety is strong but lacks MT4/MT5 or TradingView integration
- ❌Some user complaints about customer support speed and onboarding process
- ❌No lending, staking, or crypto wallet features
- ❌Withdrawal speed can be slower (up to 5 business days for EFTs)
- ❌Limited global asset coverage—no access to European, Asian stocks, or true multi-asset trading
Score- ✅Regulated by CIRO and member of CIPF, offering strong investor protection for Canadians
- ✅$0 minimum deposit and no inactivity or account maintenance fees
- ✅Transparent low commissions: CA$1.49/trade (Canada), US$1.99/trade (US)
- ✅Access to tax-advantaged accounts (TFSA, RRSP), plus margin and cash accounts
- ✅Advanced, user-friendly desktop, web, and mobile trading platforms
- ✅Free demo account available for practice and learning
- ✅Comprehensive real-time data, technical analysis, and customizable tools
- ✅Wide range of North American stocks, ETFs, and listed options
- ✅Fast order execution and a choice of advanced order types
- ✅Responsive, multilingual customer support via phone, email, and online
My opinion on Moomoo
- ✅Regulated by CIRO and member of CIPF, offering strong investor protection for Canadians
- ✅$0 minimum deposit and no inactivity or account maintenance fees
- ✅Transparent low commissions: CA$1.49/trade (Canada), US$1.99/trade (US)
- ✅Access to tax-advantaged accounts (TFSA, RRSP), plus margin and cash accounts
- ✅Advanced, user-friendly desktop, web, and mobile trading platforms
- ✅Free demo account available for practice and learning
- ✅Comprehensive real-time data, technical analysis, and customizable tools
- ✅Wide range of North American stocks, ETFs, and listed options
- ✅Fast order execution and a choice of advanced order types
- ✅Responsive, multilingual customer support via phone, email, and online
- ❌No forex, commodity, or CFD trading – limited to stocks, ETFs, and options
- ❌No direct cryptocurrency trading; only crypto ETFs offered
- ❌No spread or commission-free trading; all trades incur fixed fees
- ❌No Islamic (swap-free) accounts available
- ❌No copy trading, PAMM, or advanced automation features
- ❌Order variety is strong but lacks MT4/MT5 or TradingView integration
- ❌Some user complaints about customer support speed and onboarding process
- ❌No lending, staking, or crypto wallet features
- ❌Withdrawal speed can be slower (up to 5 business days for EFTs)
- ❌Limited global asset coverage—no access to European, Asian stocks, or true multi-asset trading
Score- ✅Regulated by CIRO and member of CIPF, offering strong investor protection for Canadians
- ✅$0 minimum deposit and no inactivity or account maintenance fees
- ✅Transparent low commissions: CA$1.49/trade (Canada), US$1.99/trade (US)
- ✅Access to tax-advantaged accounts (TFSA, RRSP), plus margin and cash accounts
- ✅Advanced, user-friendly desktop, web, and mobile trading platforms
- ✅Free demo account available for practice and learning
- ✅Comprehensive real-time data, technical analysis, and customizable tools
- ✅Wide range of North American stocks, ETFs, and listed options
- ✅Fast order execution and a choice of advanced order types
- ✅Responsive, multilingual customer support via phone, email, and online
Why trust Hellosafe?
I personally spent several days testing Moomoo’s Canadian platform to bring you a real, experience-based perspective. I checked account setup, explored every tool, ran multiple trades, and looked carefully at fees, commissions, and what features are actually available for Canadian users — including RRSP and TFSA. I also challenged their customer support with real questions to see how responsive and helpful they are, and compared Moomoo’s platform and compliance to other regulated stock and ETF brokers in Canada.
My opinion is based on actual use, not theory or marketing claims. I asked: is Moomoo reliable, are its fees fair, and does it deliver quality for either beginners or seasoned traders? I weighed its strengths, like Canadian regulation and low entry barriers, against its limits — for example, no direct crypto or Forex trading. Everything I share is intended to help you decide if Moomoo can meet your needs, the same way I would advise a fellow Canadian trader.
Moomoo at a Glance
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| Fonctionnalité | Détail |
|---|---|
| 💰 Minimum deposit | $0 |
| 🛡️ Regulation | CIRO (Canada), CIPF member |
| 🪙 Crypto licence | Not available (only crypto ETFs, no direct crypto trading) |
| 📝 FSMA registration | Not registered |
| 📈 Assets available | Canadian & US stocks, ETFs, US/CA options |
| 📊 Trading platforms | Proprietary desktop, web, and mobile app (iOS/Android) |
| 🛠️ Trading tools | Advanced charting, real-time data, market news, watchlists, technical indicators |
| 🧪 Demo account | Yes, available for practice |
| ☪️ Islamic account | Not available |
| 📝 Key order types | Market, limit, stop, stop limit, trailing stop, OCO |
| ⚡ Leverage | Margin trading available (typically up to 2:1 for stocks) |
| 💸 Fees | CA stocks: CA$1.49/trade + $0.01/share (min $1, max 0.5%/trade); US stocks: US$1.99/trade + $0.005/share |
| 📞 Customer support | Phone, email, online inquiry; phone Mon–Fri 8:30am–4:30pm ET; email/online 24/7 |
| ⭐ Trustpilot reviews | 2.2/5 (400+ reviews, July 2025) |
Security & Regulation
Moomoo stands out as particularly robust for Canadian investors when it comes to security and reliability. Regulated by CIRO (formerly IIROC) and a member of the CIPF, it meets the highest standards of investor protection in Canada. This regulatory status ensures that accounts are covered by Canadian deposit insurance, and clients benefit from one of the world's most respected capital markets oversight frameworks.
Client funds are strictly segregated in line with Canadian regulatory requirements. As Moomoo offers only cash equity, options, and ETF trading—not CFDs, Forex, or direct crypto— the risk profile is inherently lower and custodial protections are clear and transparent. There is no crypto asset custody, so issues like cold storage or proof-of-reserves do not arise.
The platform offers a solid suite of risk management tools— including a range of order types, basic margin controls (for eligible accounts), and two-factor authentication for all users. However, some advanced functionalities like negative balance protection are less relevant given the focus on listed securities.
Moomoo enjoys a strong level of notoriety thanks to its established global presence, yet its Canadian user reviews are mixed, mainly due to service and verification delays. Trustpilot ratings are below average for the sector, but from a technical and regulatory security standpoint, the broker remains one of the safest options for Canadian stock and ETF traders.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | CIRO regulated, CIPF member, meets Canadian tier-1 standards | 5/5 |
| Fund security | Segregated client funds, protected by Canadian rules and CIPF insurance; no crypto custody risk | 5/5 |
| Risk management tools | Comprehensive order types, margin controls, 2FA; no negative balance protection needed | 4/5 |
| Notoriety and coverage | Strong global brand; mixed Canadian user reviews; Trustpilot 2.2/5; robust technical credibility | 3.5/5 |
Fees, Spreads & Commissions
Moomoo’s fee model is designed with transparency and simplicity, making it highly suitable for Canadian investors seeking straightforward costs. For stocks and ETFs, commissions are highly competitive: $1.49 CAD per trade for Canadian stocks and $1.99 USD per trade for US stocks. This flat-fee structure removes uncertainty on order cost for moderate-to-large trades; however, there is also a platform fee per share (e.g., $0.01/share in Canada with a min $1/order), which can disproportionately affect low-volume trades or frequent, smaller purchases.
Moomoo routes all trades directly to exchanges rather than acting as a market maker, so spreads are fully market-driven and not artificially widened by the broker—an important distinction versus many CFD-focused platforms. Unlike some US-based zero-commission brokers, Moomoo does not use payment for order flow as a revenue source in the Canadian market, helping ensure more direct order execution and price transparency.
Hidden costs are minimal. There are no account opening, deposit, inactivity, or standard withdrawal fees— a notable advantage over many traditional full-service and discount brokers. Currency conversion fees do apply for trading US assets from a CAD account or vice versa, and may add up for frequent cross-border investors, though the rates remain competitive versus the broader brokerage sector. Moomoo also offers TFSA and RRSP accounts, allowing Canadian users to optimize their tax exposure without additional broker fees.
The absence of forex, commodities, crypto, and derivatives (outside of options) means no swap, overnight, or CFD-specific financing charges. Overall, Moomoo’s fee structure is clear, direct, and among the most competitive for active Canadian stock and ETF traders, although those needing a broader asset selection will need to look elsewhere.
What are the account-related fees?
| Fee Type | Conditions at Moomoo | Market Average |
|---|---|---|
| Opening fee | $0 | $0 |
| Maintenance fee | $0 | $0–$25/year |
| Withdrawal fee | $0 (EFT, typical methods) | $0–$20 (varies by method) |
| Inactivity fee | $0 | $0–$20/month |
| Currency conversion fee | 0.3%–1.5% markup, varies by provider | 0.5%–2% |
Expert advice: Trader Tip
Trip: Consolidate your trades to optimize commission and platform fees.
Frequent small orders can result in proportionately higher costs due to per-share platform fees and minimums.
For cross-border investing, consider maintaining USD and CAD sub-accounts to minimize unnecessary conversion costs.
What are the fees on stocks and ETFs?
For Canadian and US stocks and ETFs, Moomoo offers a clear, low-fee model that is especially competitive for moderate or higher-volume orders. Besides the flat commission, the per-share platform fee applies, with minimum and maximum limits, and no custody or overnight holding charges for long-term investors. UK stamp duty is not relevant for North American-listed assets; however, real transaction costs can vary depending on your trading style and share quantities per order.
| Fee Type | Conditions at Moomoo | Market Average |
|---|---|---|
| Commission | $1.49 CAD/trade (Canada), $1.99 USD/trade (US) | $2–$10/trade (major brokers) |
| Spread fee | $0 (market-based, no markup) | $0–variable |
| Overnight fee | $0 (no margin on cash accounts; margin rates apply if leveraged) | 6%–10% APR (if on margin) |
| Custody fee | $0 | $0–$25/year |
| UK stamp duty tax | $0 (for CA/US stocks/ETFs) | $0 (on CA/US); 0.5% on UK |
Assets & Markets
Moomoo’s asset offering appeals directly to Canadian investors looking for broad access to North American markets, with a particular emphasis on stocks and ETFs. I appreciate the platform’s ability to support trading in both US and Canadian equities, as well as its compatibility with popular registered accounts like TFSA and RRSP. This structure is well-aligned with tax optimization and retirement planning strategies specific to the Canadian investment landscape.
The inclusion of thousands of stocks and ETFs means I can build diversified portfolios with exposure to a wide array of sectors and themes. Moomoo’s pricing is clear and competitive, based on fixed trade commissions with no hidden FX or platform markups, which is particularly advantageous for cost-focused investors and high-frequency traders alike.
One limitation I notice is the absence of direct trading in asset classes such as forex, commodities, or spot cryptocurrencies. Exposure to these markets is only possible through ETF products, which offer convenience and regulatory clarity but miss the leverage, trading hours, and asset granularity provided by specialized or global CFD platforms.
Options trading stands out as an added benefit, as it enables more complex strategies and risk management without leaving the Moomoo ecosystem. However, traders seeking international stocks beyond North America or derivatives like CFDs or futures will find the platform’s scope limited in comparison to global multi-asset brokers.
| Asset Class | Type | Number at Moomoo | Market Average | Example Assets |
|---|---|---|---|---|
| Stocks | Spot | 5,000+ (US/CA) | 3,000–5,000+ | Shopify (SHOP), TD Bank (TD), Apple (AAPL), Tesla (TSLA) |
| ETFs | Spot | 1,000+ | 700–2,000+ | iShares S&P/TSX 60 (XIU), Vanguard S&P 500 (VOO), BMO Aggregate Bond (ZAG) |
| Cryptocurrencies | ETF only | 10+ | 20–50+ | Purpose Bitcoin ETF (BTCC), 3iQ Ether ETF (ETHQ) |
| Currencies (Forex) | N/A | 0 | 30–70+ | — |
| Commodities | ETF only | 20+ (indirect) | 10–30+ | SPDR Gold Shares (GLD), iShares Silver Trust (SLV) |
| Indices | ETF only | 20+ (indirect) | 10–20+ | Vanguard S&P 500 (VOO), iShares TSX 60 (XIU) |
| Bonds | ETF only | 20+ | 10–50+ | BMO Aggregate Bond (ZAG), iShares Core Canadian Bond (XBB) |
| Stablecoins | N/A | 0 | 2–10 | — |
| NFTs | N/A | 0 | 1–5 | — |
| Other derivatives | Options | US/CA stocks, ETFs | 20–100+ underlyings | AAPL Calls/Puts, TSLA Options |
Trading Tools & Apps
Moomoo’s proprietary platform delivers a smooth, modern experience across desktop, web, and mobile— making it accessible for new investors and efficient for advanced stock and options traders. Navigation is intuitive, with a well-organized interface and fast response times when switching between watchlists, account information, and order entry.
The platform’s charting capabilities are well above average for a commission-based broker. Dozens of technical indicators, multiple timeframes, and robust drawing tools are provided by default, enabling detailed market analysis for equities and ETFs. While not as extensible as TradingView or MetaTrader, the tools are sufficient for executing most passive and active trading strategies.
Order variety is another strength: market, limit, stop, trailing stop, stop-limit, and OCO orders are all available, offering flexible control over risk and order management. I appreciate the speed of order routing directly to exchanges, and the real-time data integration helps with swift decision-making during volatile sessions.
Automation options are limited—there’s no support for scripting, trading bots, or direct API access— which means advanced algorithmic traders will not find the tools they seek. However, for investors focusing on North American stocks, ETFs, and options (including RRSP/TFSA accounts), the ergonomics and real-time analytics are a major advantage. Crypto, direct commodities, and forex trading are not offered (crypto available only via ETFs), and there is currently no staking or earn product within the Canadian platform.
| Feature | Verified Details |
|---|---|
| Mobile app | Proprietary Moomoo app for iOS/Android; no MetaTrader, TradingView, crypto app, or mobile wallet |
| Usability | Modern, fluid, user-friendly interface for desktop, web, and mobile |
| Compatible software | Only Moomoo native apps and platform; no MetaTrader, TradingView, or retail API support |
| Order types | Market, limit, stop, stop-limit, trailing stop, OCO orders |
| Charting and technical analysis | 50+ built-in indicators; multi-layered charts; extensive drawing tools; no TradingView integration |
| Auto trading / Automated strategies | Not supported (no bots, copy trading, or scripting) |
| Algorithmic trading | Not supported (no custom scripts, coded strategies, or AI) |
| Negative balance protection | Yes (as per CIRO/CIPF requirements) |
| Trading signals | In-app price alerts, real-time news and research, no TradingView integration |
| Asset search and filters | Advanced, real-time filtering for stocks/ETFs/options; no crypto or CFD/forex search |
| Spot stock purchase | Yes, for US and Canadian stocks. No CFDs or leveraged stock products |
| Staking and earn | Not available |
Expert advice
Trip: Take advantage of Moomoo’s desktop platform for deep chart analysis and order planning; use mobile notifications for timely trade execution and monitoring on the go. Test trading strategies in demo mode before committing real capital, and enable all available security features (like 2FA) to keep your trading environment secure.
Account Opening & Deposits
Account opening
The account opening process with Moomoo is fully digital, beginning with a registration form where you provide your email, set up a password, and select the account type (individual, TFSA, RRSP, margin, or cash). You will then be prompted to upload a government-issued photo ID, a valid proof of address, and your Social Insurance Number (SIN) to complete the regulatory "Know Your Customer" (KYC) questionnaire and verify your identity and residency. Once your application and documents are submitted, the platform reviews your information for compliance. Validation usually takes one to two business days, though applications can be delayed if additional details are needed. Upon approval, you will receive a confirmation email, allowing you to fund your account and access the Moomoo trading platform.
Good to know
Having your documents scanned and saved before starting registration can speed up the process—especially during busy periods when verification queues are longer.
| Item | Details |
|---|---|
| Opening procedure | Online registration, KYC questionnaire, ID, proof of address, SIN, document upload |
| Validation time | 1–2 business days (could be longer during peak times) |
| Accepted deposit methods | Online bill payment, EFT, direct bank transfer (cards, e-wallets not supported) |
| Minimum required deposit | $0 (no minimum deposit required for Canadian accounts) |
| Required documents | Government-issued photo ID, proof of address, SIN |
| Practical tip | Double-check all uploaded images for clarity and consistency before submission |
Deposits and withdrawals on Moomoo
Depositing and withdrawing funds with Moomoo is straightforward and designed for Canadian residents. Funding is mainly supported through online bill payment, EFT (Electronic Funds Transfer), and direct bank transfer. Moomoo only accepts deposits and withdrawals in CAD, and no credit/debit cards, e-wallets, stablecoins, or crypto deposits are available. Deposits via online bill payment are generally processed in one to three business days, while EFTs may take up to five business days to clear. Withdrawals are made through EFT or wire transfer, and processing typically takes one to three business days post-approval. Moomoo does not charge deposit or withdrawal fees, but intermediary bank fees may apply for wire transfers. There are no integrated wallets or fiat-to-crypto conversion options.
Good to know
Always verify that the name on your funding bank account matches your Moomoo account registration. Mismatches can delay transfers and may result in returned funds.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit card | Not supported | — | — | — |
| Bank transfer (bill pay) | CAD | $0 | 1–3 business days (deposit) | None for Moomoo; bank may charge |
| EFT (Electronic funds) | CAD | $0 | 1–5 business days (deposit/withdrawal) | None for Moomoo; bank may charge |
| E-wallets | Not supported | — | — | — |
| Stablecoins or cryptos | Not supported | — | — | — |
| Other local options | Not available | — | — | — |
Account Types
Moomoo is a CIRO-regulated online broker dedicated to Canadian investors, specializing in North American stocks, ETFs, and options.
Unlike CFD or crypto brokers, Moomoo does not offer Forex, commodities, or cryptocurrencies (other than crypto ETFs).
Its account lineup is designed for both beginners and experienced investors, with key options including individual cash and margin accounts, as well as tax-advantaged accounts (TFSA, RRSP).
A free demo account is available to help users explore the platform’s tools risk-free.
CFD trading, staking, and digital asset custody are not supported by Moomoo in Canada.
| Account Type | Available | Main Features |
|---|---|---|
| Demo account | ✅ | Practice trading with virtual funds; access to platform research tools |
| Standard account | ✅ | Individual cash or margin account; no minimum deposit required |
| Raw ECN account | ❌ | Not supported; no ECN or spread/commission model for CFDs |
| Islamic account | ❌ | Not available |
| Professional account | ❌ | No dedicated professional status accounts |
| CFD account | ❌ | Not offered; no access to Forex, commodities, or index CFDs |
| Classic securities account | ✅ | Trade North American stocks, ETFs, US options; CIRO/CIPF protection |
| Staking/earn account | ❌ | Not available; no crypto staking or yield-earning products |
| Cold storage account | ❌ | Not available; no crypto custody or wallet services |
| Tax-advantaged account | ✅ | TFSA and RRSP (registered accounts) available |
| Accepted base currencies | ✅ | CAD and USD accounts supported |
Expert advice
Trip: If you are aiming for tax efficiency, consider opening a TFSA or RRSP account on Moomoo.
These registered accounts let you invest in stocks and ETFs while benefiting from tax advantages unavailable to standard cash or margin accounts.
How does Moomoo compare to its competitors?
| Moomoo | FP Markets | Axi | Eightcap | |
|---|---|---|---|---|
| Minimum deposit | $100 USD | $5 USD | $100 USD | |
| Number of instruments | 70+ (Forex, CFDs on indices, commodities, shares) | 450+ (Forex, CFDs) | 800+ (Forex, Stock CFDs, Indices, Crypto CFDs) | |
| Spreads (examples) | EUR/USD: from 0.0 pips (+$3/lot) Gold: from 0.2 S&P 500: from 0.4 | EUR/USD: from 0.0 pips (+commission) GBP/USD: from 0.4 pips | EUR/USD: from 0.0 pips (+$3.5/side) GBP/USD: from 1.0 pip Gold: from 0.13 | |
| Trading platforms | MT4, MT5, Iress | MT4, Axi Copy Trading App | MT4, MT5, TradingView | |
| Regulation | ASIC, CySEC, FSA (not CIRO) | The Financial Commission (not CIRO) | SCB, FCA, ASIC (not CIRO) | |
| Demo account | ✅ | ✅ (30-day limit) | ✅ (30-day limit) | |
| Copy trading | ✅ (via MT4/MT5) | ✅ (proprietary app) | ✅ (via third-party tools) | |
| Read the review | Read the review FP Markets | Read the review Axi | Read the review Eightcap |
Gold: from 0.2
S&P 500: from 0.4
GBP/USD: from 0.4 pips
GBP/USD: from 1.0 pip
Gold: from 0.13
Customer reviews
Moomoo has a Trustpilot rating of 2.2 out of 5, based on more than 400 reviews.
Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Easy account opening and fully digital onboarding process
- No account opening or inactivity fees
- User-friendly mobile and desktop platforms
- Access to TFSA and RRSP accounts
- Transparent and competitive commission structure for stocks and ETFs
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Limited range of available assets (no forex, CFDs, or direct crypto trading)
- Occasional slow customer service response times
- Technical issues or delays during account verification
- Long processing times for withdrawals
- Platform features lacking for advanced active traders
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
A.C. – 04/03/2025 : “The platform’s layout is great for beginners, but I wish there were more asset choices and faster withdrawal processing.”
M.S. – 18/12/2024 : “Had trouble verifying my identity which took several days, but once approved, the app was very smooth to use.”
J.T. – 21/10/2024 : “Customer support answered my question, but only after a long wait. Fees are low, which is a plus, but the platform is best for basic investing.”
FAQ
Is Moomoo regulated in CA?
Moomoo Financial Canada Inc. is regulated by the Canadian Investment Regulatory Organization (CIRO, formerly IIROC) and is a member of the Canadian Investor Protection Fund (CIPF). This provides investor protection and ensures compliance with top-tier Canadian regulations.
What is the minimum deposit on Moomoo?
Moomoo does not require a minimum deposit to open a cash or margin account in Canada. Investors can start trading with any amount, making the platform accessible to beginners and those looking to invest with a modest sum.
Does Moomoo offer a welcome bonus?
Moomoo occasionally offers welcome bonuses or rewards for new users, such as free stocks or cash rebates. These promotions change over time and are subject to terms and conditions, so it’s best to consult the official website or app for the latest offers.
How does leverage work on Moomoo?
Leverage is available for margin trading accounts and is typically capped at 2:1 for stocks. The actual leverage ratio depends on the asset class and account type, and users must meet margin requirements as set by regulatory guidelines in Canada.
How does Moomoo make money?
Moomoo earns revenue through trading commissions, platform fees, and certain account-related charges. For Canadian stocks, commissions are CA$1.49 per trade, and for US stocks, US$1.99 per trade, alongside a small platform fee based on shares traded. Moomoo does not act as a market maker, so spreads are determined by the market.
Who is behind Moomoo?
Moomoo is operated by Moomoo Financial Canada Inc., a subsidiary of Futu Holdings Ltd, a publicly-traded financial technology company. Futu has a global presence and provides brokerage and trading technology services in several international markets.
When was Moomoo launched?
Moomoo was launched in 2018 and has since expanded internationally, entering the Canadian market with a focus on innovative trading technology and regulatory compliance suited to local investors.
Does Moomoo offer copy trading or social trading?
Moomoo does not offer direct copy trading or social trading features for Canadian users. While it provides extensive educational resources and community forums, all trading decisions and executions are managed by the individual account holder.
How can I contact Moomoo’s customer service?
You can contact Moomoo’s customer service in Canada by phone, email, or online inquiry. Phone support is available on trading days from 08:30 AM to 04:30 PM ET, while email and online support are available 24/7.
Does Moomoo offer any promotions or referral programs?
Moomoo frequently offers referral programs and limited-time promotions such as cash rewards or free shares for referring friends. The details and availability of these programs vary, so check Moomoo’s promotions page or app for the most current information.
Is Moomoo regulated in CA?
Moomoo Financial Canada Inc. is regulated by the Canadian Investment Regulatory Organization (CIRO, formerly IIROC) and is a member of the Canadian Investor Protection Fund (CIPF). This provides investor protection and ensures compliance with top-tier Canadian regulations.
What is the minimum deposit on Moomoo?
Moomoo does not require a minimum deposit to open a cash or margin account in Canada. Investors can start trading with any amount, making the platform accessible to beginners and those looking to invest with a modest sum.
Does Moomoo offer a welcome bonus?
Moomoo occasionally offers welcome bonuses or rewards for new users, such as free stocks or cash rebates. These promotions change over time and are subject to terms and conditions, so it’s best to consult the official website or app for the latest offers.
How does leverage work on Moomoo?
Leverage is available for margin trading accounts and is typically capped at 2:1 for stocks. The actual leverage ratio depends on the asset class and account type, and users must meet margin requirements as set by regulatory guidelines in Canada.
How does Moomoo make money?
Moomoo earns revenue through trading commissions, platform fees, and certain account-related charges. For Canadian stocks, commissions are CA$1.49 per trade, and for US stocks, US$1.99 per trade, alongside a small platform fee based on shares traded. Moomoo does not act as a market maker, so spreads are determined by the market.
Who is behind Moomoo?
Moomoo is operated by Moomoo Financial Canada Inc., a subsidiary of Futu Holdings Ltd, a publicly-traded financial technology company. Futu has a global presence and provides brokerage and trading technology services in several international markets.
When was Moomoo launched?
Moomoo was launched in 2018 and has since expanded internationally, entering the Canadian market with a focus on innovative trading technology and regulatory compliance suited to local investors.
Does Moomoo offer copy trading or social trading?
Moomoo does not offer direct copy trading or social trading features for Canadian users. While it provides extensive educational resources and community forums, all trading decisions and executions are managed by the individual account holder.
How can I contact Moomoo’s customer service?
You can contact Moomoo’s customer service in Canada by phone, email, or online inquiry. Phone support is available on trading days from 08:30 AM to 04:30 PM ET, while email and online support are available 24/7.
Does Moomoo offer any promotions or referral programs?
Moomoo frequently offers referral programs and limited-time promotions such as cash rewards or free shares for referring friends. The details and availability of these programs vary, so check Moomoo’s promotions page or app for the most current information.
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