⚡ moomoo in a nutshell
- 🌍
20+ international markets — more than Webull. moomoo offers access to US, Hong Kong, China (A-shares), Singapore and Australian stocks — significantly wider international reach than Robinhood or Webull.
- 📊
Advanced tools free including Level 2. Level 2 quotes, full-featured charting, options analysis and earnings data all provided free — comparable to Webull's offer.
- 🆓
$0 commission on US stocks and ETFs. Zero commission on US equities. Options: $0.65/contract for US clients.
- 🇨🇳
Parent: Futu Holdings (NASDAQ: FUTU, Hong Kong based). Futu Holdings is listed on NASDAQ and in Hong Kong. Similar data considerations as Webull regarding Chinese parent company.
- 💬
Strong investor community features. Built-in social and community features — earnings calendars, analyst targets, community sentiment — aimed at younger investors.
⚠️ What to watch out for
- ⚠ Parent company Futu Holdings is Hong Kong/China-based — similar data considerations to Webull
- ⚠ Options: $0.65/contract (vs. Webull's $0)
- ⚠ Mutual funds not available for US clients
- ⚠ Customer support rated inconsistent
- ⚠ Less US retirement account depth than Fidelity/Schwab
WhichBrokr Category Ratings
Overview
moomoo is the US and Singapore/Australia brand of Futu Holdings Ltd (NASDAQ: FUTU), which also operates Futubull in Hong Kong and China. Launched in the US in 2018, moomoo has grown to 21+ million users globally across the US, Singapore, Australia and Hong Kong. In the US it is regulated by FINRA and SIPC.
moomoo differentiates from Webull and Robinhood primarily through international market access (20+ markets including HK, China A-shares via Hong Kong Stock Connect, Singapore and Australia) and community features. The platform caters particularly to Asian-American investors and internationally mobile investors who want to access markets in multiple regions.
Like Webull, free Level 2 data and advanced charting without a subscription are key features. Unlike Webull, options carry a $0.65/contract fee for US clients — the same as Fidelity/Schwab.
Pros & Cons
✅ Pros
- $0 commission on US stocks and ETFs
- Access to 20+ international markets (HK, China A-shares, SG, AU, US)
- Level 2 data and advanced tools free
- FUTU parent listed on NASDAQ — some financial transparency
- Community features: earnings calendars, social sentiment
- Available in US, Singapore, Australia and Hong Kong
- Fractional shares from $5
❌ Cons
- Futu Holdings parent is Hong Kong/China-based — data considerations
- Options: $0.65/contract (vs. Webull's $0)
- Mutual funds not available for US clients
- Less retirement account depth than Fidelity/Schwab
- Customer support inconsistent
🔍 Broker Audit Report
A structured assessment across 5 pillars — regulation, tax/legal, costs, features and platform accessibility. Updated July 2026.
🛡️
1. Legal Entity & Capital Protection
moomoo's regulatory profile
US Entity
moomoo Financial Inc. — FINRA member, SIPC member, SEC registered broker-dealer.
Regulators
FINRA · SEC · MAS (Singapore) · ASIC (Australia) · SFC (Hong Kong)
SIPC Protection
$500,000 per account ($250,000 cash sublimit) for US clients via SIPC.
Parent Company
Futu Holdings Ltd — NASDAQ listed (FUTU), headquartered in Hong Kong. Similar data privacy considerations to Webull.
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2. Tax Notes
US tax treatment for moomoo traders
Tax Documents
Annual 1099 consolidated statement for US clients.
IRA
Roth and traditional IRA available (limited selection vs. Fidelity/Schwab).
No 401k / HSA / 529
Not offered by moomoo.
International accounts
Tax treatment varies by jurisdiction for SG, AU and HK entities.
💶
3. Total Cost of Ownership
moomoo fee schedule
US Stock / ETF Commission
$0
US Options
$0.65 per contract (same as Fidelity/Schwab, more than Webull's $0)
HK Stocks
0.03% commission (min HK$3) + exchange fees
SG / AU Stocks
Local commission rates apply — competitive vs. local brokers
Level 2 / Advanced Data
Free
📈
4. Asset Catalogue
20+ international markets
US Stocks / ETFs
All major US-listed equities
Hong Kong Stocks
HK-listed equities + China A-shares via Stock Connect
Singapore Stocks
SGX-listed equities
Australian Stocks
ASX-listed equities
US Options
✅ $0.65/contract
Crypto
❌ Not available (US clients)
Mutual Funds
❌ Not available (US clients)
🖥️
5. Platform
Mobile-first with desktop available
Mobile App
✅ iOS 4.4★ / Android 4.2★
Web Platform
✅ Full desktop platform with advanced charting
Level 2 Data
✅ Free — real-time bid/ask depth
Community Features
✅ Social feed, earnings calendar, analyst targets
Customer Support
Chat and email — inconsistent response quality
Fees 4.1 / 5
moomoo is free for US stocks and ETFs. The international stock access is the key differentiator vs. Webull and Robinhood.
| Fee type | moomoo | Market Average |
|---|
| US stock / ETF commission | $0 | $0 |
| US options per contract | $0.65 | $0–$0.65 |
| HK stocks | 0.03% (min HK$3) | 0.025–0.08% |
| Level 2 data | Free | $15–30/month |
| Mutual funds | ❌ | Available elsewhere |
Safety & Regulation 3.5 / 5
| US Regulators | FINRA, SEC |
| SIPC Protection | $500,000 |
| Parent | Futu Holdings (NASDAQ: FUTU) |
| Parent domicile | Hong Kong |
| Operating since | 2018 |
| Global users | 21 million+ |
Products & Asset Catalogue 3.7 / 5
| US stocks/ETFs | All major listed |
| HK stocks | ✅ Including A-shares |
| SG stocks | ✅ SGX listed |
| AU stocks | ✅ ASX listed |
| Options | ✅ $0.65/contract |
| Crypto | ❌ (US clients) |
| Mutual funds | ❌ (US clients) |
What investors say about moomoo
Community voice — strengths & concerns
Most praised
- International market access praised — "only free platform with HK and SG stocks"
- Level 2 data free alongside Webull
- Community features and earnings calendar useful for self-directed investors
- Clean mobile app
Common complaints
- Parent company data concerns similar to Webull
- $0.65 options fee loses to Webull's $0
- Customer support inconsistent — "takes days to resolve issues"
- Less US retirement depth than Fidelity/Schwab
Based on user reviews on Trustpilot, Reddit, App Store and Google Play ratings. Data collected Jan–Jun 2026.
Verdict
WhichBrokr's Take
moomoo fills a specific niche: US-based (or Singapore/Australia-based) investors who want to access multiple stock markets — US, HK, China, Singapore, Australia — from a single free platform. For Asian-American investors who hold both US and HK or SG stocks, moomoo has no peer at the zero-commission price point.
For pure US investing, Webull ($0 options), Fidelity (no PFOF, best research) or Schwab (thinkorswim) are stronger choices depending on priorities. The Futu Holdings Chinese/HK parent company carries similar data considerations to Webull.
Best for: US-based investors wanting free access to both US and Asian markets (HK, SG, AU). Investors in Singapore or Australia wanting a low-cost multi-market platform. Not ideal for: Retirement-focused US investors (use Fidelity/Schwab), options traders wanting $0/contract (use Webull), or investors with data privacy concerns about Chinese-adjacent ownership.
Frequently Asked Questions
| Is moomoo safe? | moomoo Financial Inc. is FINRA-regulated and SIPC-protected ($500,000) in the US. Parent Futu Holdings is NASDAQ listed (FUTU). Similar data considerations as Webull regarding Chinese/HK parent structure. |
| What international markets does moomoo offer? | US (NYSE, NASDAQ), Hong Kong (incl. China A-shares via Stock Connect), Singapore (SGX), and Australia (ASX). 20+ markets in total. |
| Does moomoo charge for options? | $0.65 per contract for US clients — same as Fidelity and Schwab. Webull charges $0. |
| Is moomoo Chinese owned? | moomoo is operated by Futu Holdings Ltd, which is headquartered in Hong Kong and NASDAQ listed (FUTU). Similar ownership considerations to Webull — different from US-owned brokers like Fidelity and Schwab. |
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$0 commission · Level 2 free · 20+ markets · SG, AU, HK, US stocks
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