moomoo: Platform Profile

Overview

moomoo is best understood as an active-investing platform with several affiliated regulated businesses underneath it.

Current U.S. products include:

• stocks;
• ETFs;
• fractional shares;
• stock and ETF options;
• index options;
• Hong Kong stocks;
• China A-shares;
• crypto through Moomoo Crypto Inc.;
• prediction-market event contracts through Moomoo Financial;
• research, screeners, charting, and market-data tools;
• margin;
• a brokerage cash-sweep program.

Its strongest advantage is the combination of market tools and trading access.

Its biggest review problem is the phrase "$0 trading."

Different products have different fee structures.

May fit better for

• self-directed stock traders;
• options traders;
• users who want advanced charting and screening inside the brokerage app;
• investors who want access to U.S. and selected Asian markets;
• users who want crypto without opening a completely separate consumer app;
• investors interested in federally regulated event contracts;
• users who can benefit from the cash-sweep program.

May fit less well for

• investors who assume all platform fees are permanently zero;
• investors who want conventional mutual-fund depth;
• crypto users who need on-chain crypto withdrawals from the current Moomoo Crypto product;
• investors who confuse FDIC cash-sweep protection with SIPC brokerage protection;
• users who do not need active-trading tools.

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Securities entities

Current licensed-entity disclosures state:

• Moomoo Financial:
• Legal name: Moomoo Financial Inc.
• SEC registered broker dealer: Yes
• FINRA member: Yes
• SIPC member: Yes
• CRD: 283078
• SEC number: 8-69739
• Futu Clearing:
• Legal name: Futu Clearing Inc.
• SEC registered broker dealer: Yes
• FINRA member: Yes
• SIPC member: Yes
• CRD: 298769
• SEC number: 8-70215
• DTC member: Yes
• NSCC member: Yes
• OCC member: Yes

Moomoo Financial is the securities broker.

Futu Clearing provides clearing infrastructure.

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Parent company

Moomoo's U.S. entities are affiliated with Futu Holdings.

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U.S. stock pricing

Current U.S.-resident fee schedule, updated May 20, 2026:

• US stocks:
• Commission: $0
• Platform fee: $0 during promotion

The platform-fee promotion dates back to 2018.

The current fee schedule explicitly says it may end with 30 days' notice.

Use:

• Platform fee current: $0
• Platform fee promotional: Yes

This distinction matters because a long-running promotion can still be changed.

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Options pricing

Current U.S. schedule separates equity/ETF options from index options.

Regulatory and exchange-related fees can still apply.

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Prediction markets are a current regulated product

moomoo's U.S. prediction-market page states that event contracts are:

• offered by Moomoo Financial Inc.;
• offered through an FCM registration with the CFTC;
• connected to Kalshi;
• not available in every state.

Current launch pricing:

• Prediction markets:
• Introductory commission: $0
• Post introductory commission: $0.01 per side per contract
• Exchange fee: $0.01 per contract per side
• Clearing fee: $0

The current U.S. fee schedule labels $0 commission as an introductory period.

Event contracts can lose the full amount committed.

They can also have limited liquidity.

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Crypto entity

Current crypto product:

• Crypto entity: Moomoo Crypto Inc.
• NMLS ID: 2287314
• FinCEN MSB registration: 31000288349013
• Broker dealer: No
• FDIC: No
• SIPC: No

A Moomoo Financial securities brokerage account is currently required to open and fund the Moomoo Crypto account.

That linked workflow does not merge the entities.

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Crypto pricing

Current advertised crypto terms:

• Crypto:
• Supported: 50+ cryptocurrencies
• Commission: $0
• Transaction fee: 0.49%

Calling this "commission-free crypto" without the 0.49% fee would be misleading.

Example

A $5,000 crypto trade at 0.49% produces:

$5,000 × 0.49% = $24.50

in the stated transaction fee.

This is separate from market movement or other transaction effects.

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Crypto transfer limitation

Current Moomoo crypto guidance states that customers can fund and withdraw in USD, while direct customer cryptocurrency deposits, transfers, and withdrawals are not currently the ordinary supported workflow.

This makes Moomoo Crypto materially different from a platform designed around regular self-custody transfers.

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Margin rate

The current U.S. platform markets:

• Standard margin rate: 6.8%

Margin rates can change.

Margin can magnify losses and can create forced-liquidation risk.

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Cash Sweep Program

Moomoo Financial operates a brokerage cash-sweep program.

The current program-bank page lists nine banks.

Current eligibility and rate page states:

• Cash sweep:
• New or other qualified customer APY: 3.35%
• Certain existing customer APY: 0.03%
• APY variable: Yes

"Moomoo pays 3.35% on all brokerage cash."

Eligibility differs.

Rates can change.

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FDIC treatment begins after sweep

The protection sequence is important.

Before sweep:

• cash remains in the brokerage account;
• SIPC brokerage protection can apply under its rules.

After sweep:

• cash is deposited at participating program banks;
• it is no longer in the brokerage account;
• SIPC no longer applies to that swept bank deposit;
• eligible bank deposits can receive FDIC insurance subject to limits.

Current customer-facing page states an aggregate program reference of:

• Cash sweep FDIC: up to $2 million
• Per program bank: $250,000

The detailed program terms contain ownership-capacity distinctions and older limit language in some contexts.

Use the current customer-facing figure as the dated marketing/program reference and preserve an update trigger.

"All moomoo accounts are FDIC insured up to $2 million."

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Trading and research platform

moomoo's platform is a substantive part of the product.

Current tools include combinations of:

• charting;
• technical indicators;
• screeners;
• market-data displays;
• options analytics;
• level-based market data where eligible;
• news;
• community functions;
• desktop and mobile interfaces.

The presence of research tools does not mean Moomoo Financial provides discretionary investment management.

Assessment

moomoo is unusually broad for a mobile-first active-trading platform.

Its strongest features are:

• deep market tools;
• $0 U.S. stock commissions;
• aggressive options pricing;
• Asian-market access;
• integrated crypto;
• event contracts.

The pricing needs careful labels.

"$0" can refer to:

• stock commissions;
• a promotional stock platform fee;
• equity-option contract pricing;
• an introductory prediction-market commission.

It does not describe every product.

Crypto currently carries a 0.49% transaction fee.

Index options can carry a $0.50 contract fee.

Prediction contracts include exchange fees and a stated non-introductory commission reference.

The legal distinction is also important:

Moomoo Financial is the securities/FCM business. Moomoo Crypto is a separate money-services business.