Overview of Moomoo
Moomoo is not just for bullish traders. This brokerage offers trading for all market views and has other features worth exploring.
Moomoo Pros
Multiple markets: Access to Chinese markets is available.
Good software: The desktop platform has advanced features for trading.
Social networking: There are built-in social features not often found at other brokers.
Moomoo Cons
Lack of tradable instruments: Some asset types are not offered.
No advisory service: All trading is self-managed.
Limited account selection: Only taxable accounts are available.
Investment Service
For self-directed traders, moomoo has this selection of tradable assets:
- Equities
- American Depository Receipts
- Options
- Exchange Traded Funds
- Real Estate Investment Trusts
- Closed End Funds
- Crypto-currencies
You can trade on three Chinese exchanges with a US-based account: Hong Kong, Shenzhen, and Shanghai. This sets moomoo apart from many US brokers. Some OTC stocks are also available.
As for account types, only individual taxable accounts are offered.
Opening an Account
Opening an account with moomoo is simple.
Just click the “Join Moomoo” button
at the top-right of the website. You can also sign up using logins from other platforms, like Facebook or WeChat.
To start, you only need an email and password. To trade, you will need to fill out the full application.
Right now, only residents of the United States, Macao, Hong Kong, Malaysia, Japan, and Taiwan can open a US-based account. Moomoo also has offices in Singapore and Australia. Residents there can open accounts on their local moomoo websites. A Singapore account can trade on Singapore’s exchanges, and an Australia account can trade on Australian exchanges.
Open Moomoo Account
Open Moomoo Account
Customer Service
Moomoo has several ways to help customers. First, there is phone support on weekdays from 8:30 am to 4:30 pm Eastern Time. We were able to reach an English-speaking agent quickly.
There is also a chat widget on the desktop and mobile apps. This is a mix of robo and human support, available 24/7.
The website has a Help page with answers to many common questions.
Moomoo has no physical branches and does not provide investment advice.
Margin
Every moomoo account is a margin account. Cash accounts are not available.
The trading platforms show margin info for each ticker. These are found as icons for long and short margin. Click or tap to see the margin requirements and other details, like:
- Initial margin
- Short pool
- Maintenance margin
- Interest rate (long and short)
The long margin rate is 6.8% for all US, Hong Kong, and China A-share stocks. The short rate changes by stock and by day.
Website
The moomoo website is basic but has improved. It now has news and basic charting, but chart tools are still missing.
The site displays hot lists, like top gainers and volume leaders. Clicking an entry brings up the security’s profile, with info like financial statements, key numbers, executive lists, short selling data, news, company valuation, and more.
In the top-right corner is the account icon. Hover over it for options like transfers and downloading documents.
Trading on the website is not yet possible, but there is a paper trading feature for practice. It covers US and other exchanges, such as:
- Mainland China
- Singapore
- Hong Kong
Only limit orders are allowed in demo mode. In our test, paper trades didn’t add to simulated positions, so it may still be under development.
The website also has Moo, a community forum where customers can share trades and news, see hot topics, and interact with other users.
Mobile App
With moomoo’s mobile app, you can place trades. The order ticket allows these types of orders:
- Market
- Limit
- Stop limit
- Stop
- Limit if touched
- Market if touched
- Trailing stop limit
- Trailing stop
Having eight order types is good, but there are only two duration choices: day and GTC (good till cancelled). The ticket now includes bracket orders—look for the section to add an “attached order.” If the trade uses margin, this will be shown on the amount line.
If you scroll down on the order ticket, you will see an order book with a depth chart. This shows price on the horizontal axis and share amounts on the vertical. There’s also a display comparing the number of bids and asks. You can view up to 60 rows of bids and asks. Multiple exchanges are available, such as:
- NYSE ArcaBook
- CBOE Direct Edge
- NASDAQ TotalView
Only ArcaBook is free.
Charting is better on the mobile app. You get tools for technical studies and drawing. Stock histories can go back at least 25 years. Charts can be rotated, but the screen may get crowded if you use a lot of tools.
At the bottom of the screen is the main menu. The watchlist page is useful—multiple lists can be created, and there are some pre-installed lists, including for assets you can’t trade (like crypto and futures).
Tap an entry to see the asset’s profile. Options have their own tab, but only calls and puts can be traded—no spreads or multi-leg trades.
This is a solid mobile app with many features, demo trading, and lots of customization, but there’s no mobile check deposit and no streaming video news.
Desktop System
The next platform is moomoo’s desktop program. This is the main trading tool, and it works on both Mac and Windows.
Charting is much stronger on the desktop. A graph can be shown full screen for better analysis. Price action can be viewed tick by tick, which is good for intraday trading. There are many drawing tools, such as:
- Gann Angle line
- Rising arrow
- Parallelogram
There is a screenshot tool for saving charts, but the image size is only 937 x 694 pixels.
You can do technical analysis with about a hundred indicators. To see the full list, set the timeframe to one day and then click the “Indicator Management” link (only a few studies are loaded at first).
There’s a right-click menu but no trade link. To place a trade, you must go back to the order ticket, which is under the Trade tab. You can also save a layout with the trade ticket wherever you want.
There are twelve order types now. The four extra types are:
- Limit buy
- Limit sell
- Market buy
- Market sell
Like the other platforms, the desktop system includes a practice mode for learning the trade ticket.
Open Moomoo Account
Open Moomoo Account
Pricing
Pricing is low. Moomoo does not charge fees for US-listed stocks and funds, and there are no extra fees for OTC trades. Options cost 65¢ per contract. Level II data is free.
For Chinese stocks, the commission is 0.03% of the trade value, with a minimum of HK$3 (or ￥3 for mainland stocks). There’s also a platform fee of 15 currency units per order (yuan or HKD).
There are no account minimums or recurring fees at moomoo.
Security Research
Moomoo has a stock screener on its website, but it only searches for stocks (not ETFs). The desktop platform has a screener for stocks, ETFs, and warrants. The mobile app also has a stock-only screener.
All three can search for US and Chinese stocks. The mobile app can also search for Australian, Canadian, Japanese, and Singaporean stocks. There are many search filters.
An asset’s profile on moomoo has a lot of info, such as:
- Short interest
- Quick ratio
- EBIT
- Cash flow
- Analyst rating (and number of analysts)
- Target price
- News articles
The only thing missing is stock reports from major analysts.
Extra Services
IRAs: Not available at moomoo.
DRIP Service: No auto reinvestment of dividends.
Extended Hours: Pre-market trading starts at 4:00 am. After-hours trading goes until 8:00 pm.
Fractional-share Trading: Not available.
Banking Tools: No debit card or checkwriting. There is an ACH/wire transfer tool on the website.
IPO Service: New stocks can be purchased at moomoo.
Open Moomoo Account
Open Moomoo Account
Moomoo Review Verdict
Moomoo has quickly built a strong trading service with many features for experienced traders. Still, some services are missing, so some investors may want to consider other options.
Updated on 7/20/2025.
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