How to Close a Moomoo Account
Highlights:
• You can close a brokerage account at moomoo in two ways.
• One option, the full outgoing ACAT transfer, involves a fee.
• For the regular closure method, you must sell all your investments, which could trigger taxes.
If you want to close your moomoo account, our guide below makes the process clear and easy.
Standard Method
The first method to close your moomoo account involves selling all investments and transferring the remaining cash out. After all money is removed and the account shows a balance of $0.00, it can be officially closed. Moomoo will not close accounts that still have money or stocks in them.
Step 1:
Sell all stocks or investments you own and close any short positions. This will convert everything in your account to cash. Be aware that selling investments in a taxable account might lead to tax obligations and generate a 1099 form during tax season. It’s best to consult a tax advisor before doing this.
Step 2:
Once your account is entirely cash, transfer this money out. You can easily transfer money via ACH by linking your bank account with moomoo.
For faster transfers or amounts greater than $50,000 in the U.S., a wire transfer is available. Moomoo supports wire transfers, making it convenient for large balances.
Step 3:
After your account balance reaches $0, request to close your account by emailing moomoo's support team at cs@us.moomoo.com. Send your request from the email address linked to your moomoo account.
Customers in Singapore should send closure requests to clientservice@sg.moomoo.com.
Australian customers must fill out this form and email it to support@au.moomoo.com.
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ACAT Method
The second method to close your moomoo account is to transfer it fully to another brokerage using the Automated Customer Account Transfer (ACAT) service. Doing this completely will automatically close your moomoo account.
Step 1:
Open a new investment account with another brokerage. The account must match the same type you have at moomoo, which is typically an individual taxable account.
Step 2:
Prepare both accounts for the transfer. The new account should have margin and options enabled if you plan to transfer these from moomoo. Typically, options expiring within seven days should be closed beforehand, though this timeframe might vary by brokerage.
Step 3:
Initiate a full ACAT transfer from moomoo to your new brokerage. Only a full transfer will automatically close your moomoo account. Upon receiving your request, moomoo will transfer your investments and close the account.
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Possible Moomoo Account Closing Fees
Moomoo charges $75 for outgoing ACAT transfers. If you use the standard closure method, wire transfers cost $20 (or $25 if transferring internationally). ACH transfers are free, making ACH the best value.
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Updated on 5/5/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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