moomoo review

Stock trades are placed commission free, at a stock trade fee of $0. The account fee is $0, so holding an account carries no monthly charge. Ordering follows a commission free model. Anyone wanting to trade options should read the separate options fee of $0 first.

Balances are covered as SIPC up to USD 500,000 through SIPC, the protection scheme named on the licence. The account is held by MOOMOO FINANCIAL INC in the United States, and the firm is listed in the SIPC register as SIPC member 69739. Larger balances sit above that cover, so check the limit against your own balance.

One account covers stocks, etfs and options, so shares, ETFs, options and crypto all sit in the same place. The crypto side runs as a centralised exchange, which is what the cex label means for custody. Trading runs through the app and desktop platforms listed as moomoo app and moomoo Desktop.

Trading runs through moomoo app and moomoo Desktop, so the app and the desktop platform both carry the account. A mobile app is included among the features, alongside fractional shares and a demo account. The demo account lets you practise before committing cash, and fractional shares lower the size of each order.

Support runs on email, phone and help centre, which covers email, phone and the help centre. There is no live chat listed among those channels, so a quick question may mean waiting for a reply by email. The phone route is the quickest of the three for anything urgent about an order.

A demo account and fractional shares both sit among the features, so a first order can be small and can be practised beforehand. Trading is commission free at a stock trade fee of $0, and the account fee is $0. Note that most retail accounts across the market lose money, so the median sits at 70.15%.

A demo account is one of the listed features, so you can try the order process before putting money in. The same moomoo app and moomoo Desktop carry the demo as the live account. Support is available through email, phone and help centre if anything is unclear while you practise.

The account is held by MOOMOO FINANCIAL INC, headquartered in the United States. The firm is registered with SIPC as SIPC member 69739, which is where the protection of SIPC up to USD 500,000 comes from. Customers deal with the same entity for shares, ETFs, options and crypto.