Overview of moomoo
moomoo isn’t only for bullish traders. This brokerage also supports bearish strategies and offers quite a bit more. It is definitely worth a look.
moomoo Pros
Multiple markets: China is available here.
Good software: An advanced desktop platform takes trading to a higher level.
Social networking: That’s still not common at many other brokers.
moomoo Cons
Lack of tradable instruments: Several asset classes are still missing.
No advisory service: Everything remains self-directed.
Limited account selection: No retirement accounts here.
Investment Service
For self-directed traders, moomoo offers this group of tradable assets:
- Equities
- American Depository Receipts
- Options
- Exchange Traded Funds
- Real Estate Investment Trusts
- Closed End Funds
- Crypto-currencies
The stock category does include access for U.S.-based customers to Hong Kong stocks and China A-shares, which is one of the main ways moomoo separates itself from many other U.S. brokerages. Some over-the-counter (OTC) stocks are available, too. Cryptocurrency is available as well, although it is handled through a separate crypto account tied to the brokerage relationship.
The range of account types is still pretty limited. For U.S. customers, moomoo currently offers individual margin and cash accounts.
Opening an Account
Opening an individual account at moomoo is pretty simple.
Just look for the “Join moomoo” button
in the upper-right corner of the website. It’s also possible to sign up with several online logins,
such as Meta or WeChat.
To begin, only an email address and password are needed. To receive full trading privileges, a full application must be completed.
Currently, only residents of the United States, Macao, Hong Kong, Malaysia, Japan, and Taiwan can open a US-based account. moomoo does have branches in Singapore and Australia, and Singaporean and Australian residents can open accounts on the company’s dedicated Singaporean page or Australian page. A Sing account can trade on the Singaporean exchanges, and an Aussie account can trade on Australian exchanges.
Open moomoo Account
Open moomoo Account
Customer Service
moomoo gives customers several ways to get help. First is traditional phone support. This department is open on weekdays from 8:30 am, Eastern Time, until 4:30 pm. During our testing, we reached a live representative speaking North American English within a few minutes.
On the desktop platform and mobile app (which we’ll get into shortly), there is a chat widget. This is a hybrid robo-human support channel that is available 24 hours a day, 7 days a week.
Lastly, the company’s website includes a Help page with answers to many of the questions traders are likely to have.
moomoo has no branch locations and does not provide investment advice.
Margin
moomoo offers both margin and cash accounts. Margin accounts are available for traders who want borrowing and short selling, while cash accounts are also an option.
moomoo’s trading platforms show margin details for an entered ticker symbol. These important numbers aren’t actually listed on a stock’s profile. Instead, there are icons for long and short data (the blue dollar sign is for long margin and the orange down arrow is for short margin). Click or tap either icon to bring up the margin details. Examples of data that appear include:
- Initial margin
- Short pool
- Maintenance margin
- Interest rate (long and short)
Currently, the long margin rate is 6.8% across all
balance tiers. This rate applies to US-listed stocks, Hong Kong stocks, and China A-shares. The rate
for short positions varies by security and by day.
Website
moomoo has a fairly basic website, although the broker-dealer has improved it in recent months. In the past, it had no market news or charting features. Today it does, although the charts are still simple and come with no tools.
As for market news, moomoo’s site shows hot lists in several categories, such as volume leaders and top gainers. Clicking on an item opens a new page with the security’s profile. Here, we found lots of information. There are financial statements, key indicators, a list of company executives, short-selling data, news stories, company valuation, and more.
In the upper-right corner of the site is an account icon. Hovering over it opens a drop-down window with choices to transfer funds and download account documents.
Although moomoo still hasn’t added live trading to its site, it has added paper trading. This is a useful way to practice trading not only on the U.S. exchanges but also on other markets, including:
- Chinese mainland
- Singaporean exchange
- Hong Kong exchange
The correct ticker symbols must of course be used. Only limit orders can be used in simulated mode, which is one drawback. Perhaps the biggest issue during our trial run of moomoo’s demo trading was that practice trades did not add to the simulated account’s position list. Apparently, it is still a work in progress.
Also added to the website is Moo. This is the company’s community forum. It’s easy to stop by and read what other moomoo customers are trading and what market news is drawing attention. There is a list of hot topics and recommended users. Posts can be shared, liked, and commented on.
Mobile App
With moomoo’s mobile app, we do get trading capability. The order ticket has the following trade types:
- Market
- Limit
- Stop limit
- Stop
- Limit if touched
- Market if touched
- Trailing stop limit
- Trailing stop
Eight order types are a solid lineup, although the software still has only two duration choices: day and GTC (good till cancelled). The ticket was recently updated with bracket orders (look for the section to add an “attached order”). If a trade uses margin, the ticket will note that on the amount line.
Scrolling lower on the trade ticket, we find an order book with a depth chart that places price on the horizontal axis and share quantity on the vertical axis. There is also a graphical view of bid and ask prices to compare incoming demand and supply. Up to 60 rows of bids and asks can be displayed. Finally, several exchanges can be shown. Examples include:
- NYSE ArcaBook
- CBOE Direct Edge
- NASDAQ TotalView
Only the ArcaBook is free.
Charting improves somewhat on the mobile app. Now, we get tools like technical studies and drawing widgets. We found stock histories going back at least 25 years. Although a chart can be rotated horizontally, the space can become crowded pretty quickly, especially if you add some of the tools.
At the bottom of the screen is the app’s main menu. The watchlist page is a good stop. Multiple lists can be created, and moomoo also includes some preloaded lists, including ones for assets that can’t be traded in the securities account.
Tapping on an entry generates the profile for the asset. Options have a tab here. moomoo now supports multi-leg options orders, so options trading is no longer limited to simple single-leg calls and puts.
Yes, this is a good mobile app with many useful features, simulated trading, and a lot of customization, but there is still no mobile check deposit. And we would like to see streaming video news added at some point.
Desktop System
Next on the list of software platforms is moomoo’s desktop program. This is the company’s flagship trading platform, and we like it quite a bit. It runs on both Mac and Windows, which will please many traders.
At last, charting reaches a very high level. A graph on the desktop platform can be shown full screen, so we finally get a good setup for chart analysis. Price action can be displayed tick by tick, which is a very useful feature for intraday trading. And we like the many drawing tools that are available. Examples include:
- Gann Angle line
- Rising arrow
- Parallelogram
A screenshot tool can create an image of a chart, although the finished file is only 937 x 694 pixels.
Technical analysis is possible thanks to roughly a hundred indicators. For some reason, the timeframe has to be set to one day to display the full list of indicators. After selecting one day, look for the “Indicator Management” link to open the full list of studies that can be added (only a few are installed at first).
Although there is a right-click menu, there is no trade link inside it. To place a trade, you have to return to the order ticket, which sits on the Trade tab, although it is always possible to save a layout with the trade ticket anywhere you want.
This time, there are twelve order types. These four additional types are:
- Limit buy
- Limit sell
- Market buy
- Market sell
Like the website and mobile app, the desktop platform has a practice mode, which really helps with learning the trade ticket.
Open moomoo Account
Open moomoo Account
Pricing
And what does all of this cost? Surprisingly little. moomoo charges no commissions on trades of US-listed equities and funds, and there are no surcharges on OTC trades. U.S. equity and ETF options have no base commission and no contract fee, although regulatory and clearing charges can still apply.
When we get to Chinese securities, things do change somewhat. There is a commission of 0.03% of trade value, with a HK$3 minimum (or ￥3 for mainland Chinese securities). And there is an additional “platform fee” per order. It is 15 currency units (yuan or HK dollar) per order.
Accounts at moomoo do not have any minimum opening deposit or recurring account fee, although trading-related charges can still apply.
Security Research
moomoo has a stock screener on its website. We do emphasize “stock” screener because the search wizard can’t look for ETFs. There’s a second screener on the desktop platform that can search for ETFs (and warrants). A third screener is available on the mobile app. This one is also stock-only.
All three can scan American and Chinese securities. The mobile scanner can also search Australian, Canadian, Japanese, and Singaporean securities. All three search engines have plenty of criteria.
A security’s profile on moomoo includes lots of data. Examples include:
- Short interest
- Quick ratio
- EBIT
- Cash flow
- Analyst rating (with number of analysts)
- Target price
- News articles
The one missing element is stock reports from major analysts.
Extra Services
IRAs: moomoo does not offer Individual Retirement Accounts or other types of tax-advantaged accounts.
DRIP Service: There is no auto dividend reinvesting service at moomoo.
Extended Hours: moomoo supports pre-market and after-hours trading, and it also offers 24-hour trading on eligible U.S. stocks.
Fractional-share Trading: Available on certain U.S. stocks and ETFs, with purchases starting at $5.
Banking Tools: Unfortunately, moomoo still doesn’t offer traditional cash-management tools like a debit card or checkwriting. Its website does have an ACH/wire transfer widget, and idle cash can be placed in the firm’s cash-sweep program.
IPO Service: New stock releases are available at moomoo.
Open moomoo Account
Open moomoo Account
moomoo Review Verdict
moomoo has quickly built a very good trading service with lots of features that experienced traders
will appreciate. At the same time, many services are still missing, so some investors will need to look elsewhere.
Updated on 4/14/2026.
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