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Broker review
Multi-asset

moomoo

Founded 2018 Headquartered United States ✓ SEC (broker-dealer SEC# 8-69739) · FINRA (CRD 283078)

moomoo offers $0 commission on US stocks and ETFs for US residents, with free Level 2 data under conditions. It is a US broker (Moomoo Financial Inc.) and is not aimed at Dutch investors.

✓ Pros
  • Free Level 2 data (under conditions)
  • US + Asian market access
  • Advanced charting
  • Paper trading without a real account
✗ Cons
  • $0 commission applies only to US residents
  • Not available to residents of the Netherlands or the EU
  • Parent company is Chinese (Futu)

Fees & costs

Min. deposit
€$0
Trading
$0 commissie voor US aandelen, ETF's en opties op aandelen/ETF's (alleen voor inwoners van de VS die via Moomoo Financial Inc. in US markten handelen). Indexopties: $0,50 per contract. Wettelijke kosten (SEC, ORF, OCC, CAT) komen erbovenop. Niet-inwoners van de VS: $0,0049 per aandeel (min. $0,99) en $0,65 per optiecontract (min. $1,99).
Stock fee
$0
Spread
N/A ($0 commission on US stocks for US residents)
Deposits
Free
Withdrawals
Wire binnenland $20, wire internationaal $25; ACATS-overdracht uitgaand $100
Inactivity
None

Platforms & features

✓
Free Level 2 Data
Free for accounts with a 30-day average value of $100 or more (conditions apply)
✓
Extended Hours Trading
Trade from 4:00 AM to 8:00 PM ET
✓
Paper Trading
Practice with virtual money, no brokerage account needed
✓
Mobile App
Feature-rich iOS and Android apps
✓
Desktop Platform
Full-featured Windows and Mac applications
✓
Asian Market Access
Hong Kong and China A-shares (activation in app)
✓
Social Features
Follow traders, discussions, and news
✓
Advanced Charting
Technical analysis tools and indicators

Who this fits best

✓ Active traders✓ asian_market_interested✓ technical_analysts

Note: $0 commission applies only to us residents.

Account opening steps

  1. 1.

    Download the App

    Get the moomoo app from App Store or Google Play

  2. 2.

    Create Account

    Sign up with your email or phone number

  3. 3.

    Verify Identity

    Provide your SSN (US residents) and upload a photo ID

  4. 4.

    Fund Your Account

    Link your bank account and transfer funds via ACH or wire

  5. 5.

    Start Trading

    Access free Level 2 data (conditions apply) and trade US stocks; Hong Kong and China A-shares via separate activation

Editorial review

Moomoo is een Amerikaans handelsplatform. Moomoo Financial Inc. is een broker-dealer (SEC-nummer 8-69739, FINRA CRD 283078) en lid van FINRA en SIPC. Futu US Inc. bezit meer dan 75% van de aandelen. Voor inwoners van de VS die in Amerikaanse markten handelen, geldt $0 commissie op aandelen, ETF's en opties op aandelen en ETF's. Indexopties kosten $0,50 per contract. Wettelijke kosten (zoals SEC-, OCC- en CAT-kosten) komen daar nog bij. Voor niet-inwoners van de VS geldt een ander tarief: $0,0049 per aandeel (minimaal $0,99) en $0,65 per optiecontract (minimaal $1,99).

Level 2-data is gratis voor rekeningen met een gemiddeld vermogen van minimaal $100 over 30 dagen. Moomoo heeft grafiektools, papierhandel (ook zonder echte rekening) en handel buiten beurstijden (4:00 tot 20:00 ET, plus overnight-handel). Via Stock Connect is ook handel in Chinese A-aandelen mogelijk, en Hongkongse aandelen staan in dezelfde app.

Let op voor Nederlandse beleggers: moomoo noemt Nederland en de EU niet als beschikbaar land. Beschikbaar zijn de VS, Canada, Singapore, Australië, Japan, Maleisië en Nieuw-Zeeland. SIPC beschermt tot $500.000 (waarvan $250.000 voor contant geld) als de broker failliet gaat, maar niet tegen koersverlies. Futu is een Chinees bedrijf, wat voor sommige gebruikers vragen oproept over gegevensbescherming.

Frequently asked

Is moomoo commission-free?
$0 commission on US stocks, ETFs and options on stocks/ETFs applies only to US residents trading US markets through Moomoo Financial Inc. Index options cost $0.50 per contract, and regulatory fees (SEC, OCC, CAT, ORF) are extra. Non-US residents pay $0.0049 per share (min. $0.99) and $0.65 per options contract (min. $1.99).
What is Level 2 data and why is it valuable?
Level 2 data shows the order book with bid and ask prices and sizes. moomoo says Level 2 data is free for Moomoo Financial Inc. accounts with a minimum 30-day average account value of $100; other conditions apply.
How are my assets protected at moomoo?
Moomoo Financial Inc. is a US broker-dealer and a member of FINRA and SIPC. SIPC protects securities customers up to $500,000 (including $250,000 for cash claims) if the broker fails. It does not protect against market losses.
Can I trade Asian markets on moomoo?
moomoo's US help centre describes Hong Kong stocks and China A-shares (via Stock Connect, activated in the app) alongside US markets. Availability depends on your account; check in the app.
Does moomoo offer paper trading?
Yes. moomoo says paper trading is free for app users and does not require a brokerage account.
What are moomoo's extended hours?
Pre-market is 4:00 AM to 9:30 AM ET and after-hours is 4:00 PM to 8:00 PM ET. Overnight trading runs from 8:00 PM to 4:00 AM ET.
Who owns moomoo?
Moomoo Financial Inc. is more than 75% owned by Futu US Inc., according to FINRA BrokerCheck. Futu Holdings Limited is a Nasdaq-listed Chinese company (parent link not checked on a primary source).
Can I open a moomoo account from the Netherlands?
moomoo lists the US, Canada, Singapore, Australia, Japan, Malaysia and New Zealand as available countries. The Netherlands and the EU are not listed.

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