Moomoo Review 2025: $0 Commissions & Advanced Tools

Moomoo at a glance

Feature	Rating	Details
Investment options	★★★★★	Stocks Options ETFs Cryptocurrency
Trading costs	★★★★★	Zero commission stock, option and ETF trades, with low margin rates and no options contract fees.
Account fees	★★★★★	No annual fee, no inactivity fee and an average outgoing account transfer fee of $75.
Account types and minimums	★★★★★	No minimum deposit requirements but only offers individual brokerage accounts.
Trading platforms and technology	★★★★★	Mobile and desktop trading platforms. Advanced charts, advanced order types, price alerts, watchlists, market news, company financials, analyst ratings and price targets, stock analysis tools, options analysis tools, Level 2 data and trending stock lists, but no research reports.
Features and amenities	★★★★★	Fractional share trading Instant buying power Paper trading IPO access Extended hours trading Educational articles and videos
Customer support	★★★★★	Contact Moomoo customer support by live chat 24/7, by email or by phone support during regular business hours.
Mobile app	★★★★★	Google Play app reviews: 4.5/5 stars based on over 25,050 reviews Apple App Store app reviews: 4.7/5 stars based on over 21,180 reviews
Cash sweep rates	★★★★★	Offers a cash sweep program that pays a competitive 3.85% APY, with automatic sweeps.

To learn how our star ratings are calculated, read our methodology.

Who should choose Moomoo?

Moomoo is best suited for traders who value low costs and deep analytics. Typical users include:

• Active traders who want advanced charting, Level 2 data and fast execution
• Options traders looking for zero contract fees and strategy-specific tools
• Self-directed investors who prefer research, customization and control
• Cost-conscious traders who want professional tools without premium pricing

Investors seeking retirement accounts, bonds or fully managed portfolios may want to consider a traditional broker.

What we like about Moomoo

Moomoo stands out as one of the most feature-rich commission-free platforms available. Here’s what it does best.

Trade without commissions

Moomoo offers $0 commission trading on stocks, ETFs and equity options — and no equity options contract fees, which is rare even among discount brokers. Many competitors still charge around $0.65 per options contract.

Moomoo also offers one of the lowest margin rates we review, starting at 6.8%, and does not charge commissions on OTC stock trades.

Advanced trading and analysis tools

Moomoo rivals legacy brokers when it comes to analytics and customization.

• Advanced charts with more than 63 technical indicators, 38 drawing tools and over 190 pre-set functions
• Set up to 6 multi-monitors for desktop trading
• Analyst ratings and price targets
• Valuation metrics
• Level 2 market data
• Financials, with a breakdown of revenue by business and market
• Institutional holdings
• Short sale volume
• Interpretation of indicators
• Shareholder information
• Free real-time level 2 market data with $100 average account value over 30 days
• Paper trading

Options-specific tools

• 13 options strategies. Short condor, collar, short butterfly, single option, covered call, long straddle, long strangle, vertical spread, short iron butterly, condor and put horizontal.
• Customizable options chains. CBOE-powered real-time options chains for transaction details.
• Advanced options tools. Unusual options activity, options price calculator, options volatility analysis, a most active 0DTE (zero days until expiration) indicator and profit and loss analysis to understand your options strategy’s possible performance at expiration before entering a new position.

High-yield cash sweep program

Uninvested cash is automatically swept into a competitive interest-bearing program, paying 3.85% APY, with promotional rates of up to 8.1% APY for new customers.

A surprisingly strong mobile app

Moomoo’s mobile app balances usability with depth. It maintains a modern, intuitive interface while packing in the same analytical power as its desktop platform, making it a strong choice for traders who prefer to trade on the go.

Where Moomoo falls short

Despite its strengths, Moomoo has some notable limitations.

Limited tradable assets

Moomoo supports stocks, ETFs, options and crypto, but lacks mutual funds, bonds, CDs and forex, which are standard at full-service brokers.

Limited account types

Only individual brokerage accounts are available. There are no individual retirement accounts (IRAs), which may be a dealbreaker for long-term investors.

No robo-advisor

Moomoo does not offer managed portfolios or automated investing, which could help beginners who want hands-off investing.

Order execution transparency

Moomoo does not publish detailed order execution quality statistics, which some active traders may consider an important omission.

Moomoo’s fees

Type of fee	Fee details
Minimum deposit to open	$0
Minimum investment	$5
Annual fee	$0
Stock trades	$0
Equity options trades	$0
Equity options contract fees	$0
Margin annual interest rate	6.8%
Outgoing account transfer fee	$75
Wire transfer out	$20
Inactivity fee	$0

*The fees stated above are for US residents. Fees may be different in other countries where Moomoo is available.

Is Moomoo legit?

Yes. Moomoo is a legitimate, US-based brokerage headquartered in Palo Alto, California. Moomoo is a registered broker-dealer with the US Securities and Exchange Commission. It’s also a member of the Financial Industry Regulatory Authority and Securities Investor Protection Corporation. In the event that the brokerage goes under, funds are insured by the SIPC for up to $500,000, including up to $250,000 in cash balances.

Moomoo’s platform is also considered safe and secure. The platform has a device lock feature, a transaction security feature called moomoo token and a portfolio privacy feature to improve your account’s security. Moomoo also uses biometric authentication.

Customer experience

BBB accredited	No
BBB rating	F
BBB customer reviews	1 out of 5 stars, based on 3 customer reviews
Trustpilot score	2.5 out of 5 stars, based on 241 customer reviews
Apple App Store Score	4.7 out of 5 stars, based on 34,000 customer reviews
Google Play Score	4.5 out of 5 stars, based on 47,642 customer reviews
Customer reviews verified as of	30 January 2026

Moomoo’s online customer sentiment is mixed, with both positive and negative feedback across Reddit and major review sites. Positive sentiment most often highlights Moomoo’s advanced trading tools, commission-free options trading and access to professional-grade features like Level 2 market data and customizable charts. Many users also appreciate the platform’s paper trading, educational resources and the depth of analysis available on both mobile and desktop.

However, negative sentiment commonly centers on Moomoo’s limited account types, lack of retirement accounts and higher fees for certain withdrawals, such as wire transfers. Some users also report occasional challenges with customer support responsiveness and express concerns about the platform’s transparency around order execution quality.

Overall, while many traders praise Moomoo for its powerful tools and low-cost trading environment, others feel it falls short for long-term investing needs and investors who prioritize account flexibility and robust customer support.

Compare Moomoo to other platforms

Finder Scores: What they mean

If you want peace of mind, this rating will give it to you. These products offer the best value and outcomes considering various product features, terms, conditions and price.

Well-balanced products that provide what you need, offering a healthy mix of competitive features at a good price. However, they're not quite the best in class.

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These products may not offer much value in the long run, and there are better options available.

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