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Moomoo Review
Moomoo is the US retail brokerage arm of Nasdaq listed Futu Holdings. It offers zero commission US stocks and options, SIPC protection, and a December 2025 FINRA fine.
Min Deposit
$0
Spreads From
Not applicable, this is a stock, ETF, and options broker rather than a forex or CFD provider
Max Leverage
Margin rates apply rather than forex style leverage, set by account type and regulator
Platforms
Moomoo desktop platform, Moomoo mobile app
Pros
- Genuinely SEC registered and FINRA regulated through Moomoo Financial Inc
- SIPC protection covers client cash and securities up to standard limits
- Zero commission trading on US stocks, ETFs, and equity options
- Backed by Nasdaq listed Futu Holdings, a real public company with SEC filings
- Separate licensed entities in Australia and Singapore extend real oversight abroad
Cons
- FINRA fined Moomoo Financial 125,000 dollars in December 2025 over reporting failures
- International stock trading carries commissions unlike the zero fee US stock model
- Options and stock index products only suit investors, not forex or CFD traders
- A newer brokerage overall, only operating in the United States since 2018
Moomoo Financial Inc is a SEC registered broker dealer and FINRA member, SIPC protected, and the US retail arm of Futu Holdings Limited, listed on the Nasdaq as FUTU. Leaf Hua Li founded Moomoo in Palo Alto in January 2018, building on Futu, which launched in Hong Kong back in 2012.
US clients get zero commission trading on stocks, ETFs, and equity options, with per contract options fees near half the industry average. Separate licensed entities cover other markets: Moomoo Securities Australia holds an ASIC license, and Moomoo Financial Singapore holds a Capital Markets Services license plus a Major Payment Institution license from MAS.
In December 2025, FINRA fined Moomoo Financial 125,000 dollars over Large Options Positions Reporting supervisory failures, and the firm agreed to a censure and a remediation certification. Its underlying SEC and FINRA registration remains active and in good standing outside that specific case.
Min. Deposit
USD 0
Max Leverage
Margin rates apply rather than forex style leverage, set by account type and regulator
Spreads From
Not applicable, this is a stock, ETF, and options broker rather than a forex or CFD provider
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
