Nathan-Paul has been reviewing and giving our comprehensive analysis on the major trading platforms so naturally we wanted to see what the fuss was about MooMoo which launched in Canada Sept 2023.
Moomoo was founded in 2018 in Palo Alto, California and offers trading access to Hong Kong and Chinese A-List stocks as well as trading in U.S. stocks, ETFs, options, and index options on its platform. Moomoo is available in USA, Canada, Hong Kong, Australia, Malaysia, Japan, and Singapore giving investors professional-level trading platform, along with strong analytical tools, to everyday traders.
PROS
- Commission-free stock trades
- Competitive rate on cash balances
- Quality analytical tools
- Great user interface
- Free access to level 2 market data
- Social trading features
CONS
- No mutual funds
- No crypto
- Limited product portfolio
- Learning curve for beginners
- Canadian and US securities only
- Limited options available for deposits and withdrawals
MOOMOO RATINGS
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| CUSTOMER SUPPORT |  |
| RESEARCH TOOLS |  |
| COMMISSIONS / FEES |  |
| EDUCATION |  |
| CRYPTO OPTIONS |  |
| MOBILE APP |  |
| OVERALL |  |
CONCULSION
Moomoo works best for self-directed investors and active day traders. It serves traders seeking a low-cost stock trading platform with access to international markets and longer trading hours. Just started trading? Beginners and everyone who appreciates free market data, expert tools, and practice accounts will find the platform especially beneficial.
