|
Age Requirement: How Old Do You Have To Be To Open a Moomoo Account?
|
Moomoo Age Requirement
The minimum age to open a brokerage account with Moomoo in the United States is 18 years.
Moomoo does not offer a custodial account or any other account types for minors.
If you're under 18 and want to invest your money, there's another option available – a custodial account at Charles Schwab. Find out more about the Charles Schwab UTMA accounts.
Free Charles Schwab Custodial Account
Visit Schwab Website
Overview of Moomoo
Moomoo is a trading platform ideal for traders looking for zero-commission trading focused on U.S. markets.
Founded in 2018, Moomoo is a part of Futu Holdings Ltd., supported by the tech giant Tencent. Moomoo is regulated by FINRA (Financial Industry Regulatory Authority) and the SEC (Securities and Exchange Commission) in the U.S.
Moomoo Advantages
The discount broker-dealer market is highly competitive, with a range of companies offering services, including newer firms like SoFi and Robinhood, and established names like Charles Schwab and Fidelity.
Moomoo stands out among other online brokers with several benefits for clients. Here are some of them.
Free Stocks, ETFs, and Options
Moomoo is highly rated for its fees, as it offers free trading for stocks and ETFs, with no
inactivity fees if you take a break from trading.
Another advantage is that their margin rates are low comparing to all competitors.
Opening an Account is Easy
Moomoo has a simple account opening process, which is important in the competitive discount broker market. The process is fully digital, has no minimum deposit, and takes 1-3 days to complete. The account minimum is $0.
The only drawback is that you must be in the U.S. or Singapore to open an account.
High-Quality Analytical Tools
Moomoo provides an easy-to-use research section with current trading ideas and other features. Their stock screener includes all the essential data like P/E, market cap, and turnover.
The charting tools are also advanced, with 60 technical indicators available. Despite being a discount broker, Moomoo offers resources for serious traders.
No Minimum Deposits or Hidden Fees
As mentioned, Moomoo doesn't require a minimum amount to start investing. This is appealing to investors, especially younger or less experienced ones, who want to make the most of their money.
Moomoo is a good choice because it doesn't have many of the fees that other brokers do. There are no deposit fees for bank transfers (ACH), no account fees, no inactivity fees, and no withdrawal fees.
Moomoo Account Opening Bonus
Visit Moomoo Website
Moomoo Overview Wrap-Up
Overall, Moomoo has many advantages. However, it does have some drawbacks:
- Limited product range (no forex, funds, bonds, futures, or crypto)
- Customer support is limited to email (no live chat or phone support)
- Only bank transfers are available for deposits and withdrawals
If you can manage these limitations, Moomoo could be a good fit. It offers SIPC protection and is regulated by the SEC and FINRA, ensuring your investments are safe.
Moomoo is suitable for a variety of investors, from beginners to experienced traders, thanks to its excellent analytical tools.
Overall, Moomoo is a reliable discount broker with many benefits for a wide range of investors.
Updated on 1/5/2026.
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.
|