Brief information Moomoo
Launched in 2018, the Moomoo project belongs to the Futu Holdings group, a public corporation whose stock is quoted on Nasdaq. Technical development of the service is assigned to Moomoo Technologies Inc. Its geographical coverage includes the US, Canada, Singapore and a number of additional jurisdictions.
American investment accounts are maintained through Moomoo Financial Inc. According to the legal information published on the website, this entity holds SEC registration and FINRA membership, while its customers receive SIPC protection. Futu Clearing Inc. performs custody and settlement functions. Operations involving digital assets are placed under a separate entity, Moomoo Crypto Inc.
Address: 185 Hudson St, Suite 2600, Jersey City, New Jersey 07302, USA. Customer support: +1-888-721-0610 and cs@us.moomoo.com.
Moomoo trading terms
lients can place orders through the browser version, desktop terminal or mobile app. These platforms contain live quotes, charting features, research data, market news and a trading simulator.
The range of products differs by country and can cover:
company shares and exchange-traded funds;
fractional stock positions;
equity and index options;
certain OTC instruments;
digital currencies;
IPO offerings and event contracts.
Eligible US customers pay no brokerage fee is charged for transactions involving shares, exchange-traded funds or equity options. Index option orders are priced at $0.50 for each contract. The minimum fractional investment is $5, while cryptocurrency transactions carry a 0.49% fee. Extended-hours orders, margin facilities and short positions are also supported, subject to account approval and instrument eligibility.
Trading accounts at Moomoo
US clients can primarily choose between two retail brokerage accounts:
Individual Cash Account — transactions are made using the client’s available settled funds. Borrowing and short selling are not supported.
Individual Margin Account — provides access to margin financing, short selling and additional trading features, subject to approval and asset eligibility.
There is no general minimum deposit for opening either account. Nevertheless, an account balance of at least $2,000 is normally required to use margin borrowing. If the balance is below this threshold, transactions in the margin account are limited to the available cash.
Eligible clients may also activate a separate cryptocurrency account. Business and institutional customers can apply for legal-entity accounts under separate conditions.
Eligible US clients are not charged a broker’s fee for stock, ETF or equity-option trades. Index options carry a $0.50 charge per contract, with applicable exchange and regulatory expenses billed separately.
Registration and personal account on moomoo.com
A user can register through moomoo.com or the company’s mobile application. The applicant must enter an email address or phone number, create login credentials and select the relevant country or region. The company verifies the submitted information under KYC and anti-money laundering requirements.
Deposits and withdrawals with Moomoo
This broker customers can fund their accounts through
ACH,
bank wire,
brokerage transfers,
online-payments: Apple Pay or Google Pay.
ACH transactions are generally free, while wire transfers may incur bank charges. Withdrawals are processed to a verified bank account and usually take several business days. Only settled funds are available for withdrawal.
Conclusion about Moomoo
Before registering, investors should select the correct regional version of moomoo.com, verify which licensed company will hold their account and review the applicable fee schedule and withdrawal rules.
