moomoo Age Requirement
The minimum age to open a brokerage account with moomoo in the United States is 18 years old.
moomoo does not offer a custodial account or any other account types for minors.
If you are under 18 and want to start investing, there is another route to consider: a custodial account at Charles Schwab. Learn more about the Charles Schwab UTMA accounts.
Free Charles Schwab Custodial Account
Visit Schwab Website
Overview of moomoo
moomoo is a trading platform built for investors and active traders who want low-cost access to markets, especially U.S. stocks, ETFs, and options.
Founded in 2018, moomoo is an independent brand of Futu Holdings Ltd. In the U.S., securities products and services available through the moomoo app are provided by Moomoo Financial Inc., a member of FINRA and SIPC.
moomoo Advantages
The discount brokerage industry is very competitive, with many companies offering online trading services, from newer firms such as SoFi and Robinhood to long-established names like Charles Schwab and Fidelity.
moomoo separates itself from many online brokers by offering several client benefits. Here are some of the main ones.
Free Stocks, ETFs, and Options
moomoo receives strong marks for pricing because it offers $0 commissions on U.S. stocks, ETFs, and options, with no
inactivity fees if you step away from trading for a while. Regulatory fees, exchange fees, index option contract fees, and other charges may still apply.
Another benefit is that moomoo currently advertises margin rates as low as 6.8%, although margin rates can change at any time.
Opening an Account Is Easy
moomoo has a straightforward account-opening process, which matters in the highly competitive discount brokerage market. The process is fully digital, has no minimum deposit, and may take 1-3 days to complete. The account minimum is $0.
To open a Moomoo Financial Inc. account, you must be at least 18 years old and be a U.S. resident or a non-U.S. resident in a supported country or region.
High-Quality Analytical Tools
moomoo offers a user-friendly research area with current trading ideas and other helpful features. Its stock screener includes key data points such as P/E ratio, market cap, and turnover.
The charting package is also advanced, with 100+ technical indicators available. Even though moomoo is a discount broker, it provides tools that can appeal to serious traders.
No Minimum Deposits or Hidden Fees
As noted above, moomoo does not require a minimum amount to begin investing. This can be attractive to investors, especially newer or younger clients, who want to start without tying up a large amount of cash.
moomoo is appealing because it avoids many of the fees charged by some other brokers. There are no deposit fees for ACH transfers, no account fees, and no inactivity fees. ACH withdrawals are free, although wire transfers and certain other account services may carry fees.
Webull Promotion
Visit Webull Website
moomoo Overview Wrap-Up
Overall, moomoo has a long list of strengths. Still, it also has some limitations:
- Smaller product lineup than many full-service brokerage firms
- Crypto trading is offered separately through Moomoo Crypto and is not available in every state
- Funding and withdrawals are mostly handled through bank-transfer methods, including ACH, instant transfer, and wire transfer
If these limitations are manageable for you, moomoo may be a good match. It offers SIPC protection through Moomoo Financial Inc. and is regulated by the SEC and FINRA, although SIPC protection does not cover normal market losses.
moomoo can work for different types of investors, from beginners to experienced traders, because of its strong analytical tools.
Overall, moomoo is a solid discount broker with many useful benefits for a wide range of investors.
Updated on 9/9/2026.
Chad Morris has been analyzing investment firms for Brokerage-Review.com since 2015. Backed by FINRA Series 65, 66, and SIE credentials, his work reflects a deep knowledge of the retail brokerage industry and digital trading tools.
|