Moomoo

Moomoo is a commission-free online trading platform offered by Futu Singapore, where US and Singaporean users can trade US, Hong Kong, Chinese, and Singaporean stocks, options, and ETFs on its mobile and desktop platforms. It is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), as well as the Monetary Authority of Singapore (MAS).

Traders in US markets can trade with zero commissions, while Hong Kong and Singapore stocks are charged a commission of the higher of 0.03%, or HKD 3/SGD 0.99 respectively. Moomoo also offers margin trading at a rate of 6.8%. While it does not require a minimum initial deposit or charge fees for the account, inactivity, or ACH deposits and withdrawals, wire transfers incur fees between USD 8–45.

As of June 2021, Moomoo had a user base of over 220,000, with over 100,000 paying clients.

In December 2021, Moomoo announced that it will launch its online trading platform in Australia, marking its third international market. The decision materialized once the Australian Securities and Investment Commission (ASIC) granted the Australian Financial Services License to Moomoo’s affiliate company. During 2023, the company launched its trading platform in Malaysia, Canada and Japan in May , August and September , respectively. As of September 2023, the online trading platform operated in various markets including the US, Singapore, Australia, Japan, Malaysia, and Canada.

Key customers and partnerships

In July 2024, Moomoo partnered with TradingView, a trading and charting platform, to integrate their platforms and allow Moomoo users to trade directly through TradingView. In August 2023, Moomoo partnered with the New York Stock Exchange (NYSE), to leverage NYSE’s content and educate investors on financial products, trading and other industry insights. In April 2024, Moomoo partnered with Nasdaq to offer an enhanced trading experience for retail investors using its platform.