- Leverage: Margin Trading
- Regulation: SEC, FINRA, SIPC, ASIC, MAS
- Min. Deposit: $0
- HQ: USA
- Platforms: Moomoo Desktop, Moomoo Mobile
- Found in: 2018
Moomoo Licenses:
- Moomoo Financial Inc. – authorized by SEC (USA) CRD: 283078/SEC: 8-69739
- Moomoo Financial Inc. – member of FINRA & SIPC (USA)
- Futu Clearing Inc. – authorized by SEC (USA) CRD: 298769/SEC: 8-70215
- Futu Securities (Australia) Ltd. – authorized by ASIC (Australia) ACN 095 920 648
- Moomoo Financial Singapore Pte. Ltd. – authorized by MAS (Singapore) license no CMS101000
- What is Moomoo by Futu? Moomoo, a subsidiary of Futu Holdings Limited, formerly known as FutuTrade, operates as a stock trading company, facilitating individual investors and traders in buying and selling stocks, ETFs, options, and futures.
- Through our research, we’ve found that the company is subject to rigorous regulatory oversight by the US SEC, FINRA, and SIPC. Moomoo has established entities in various locations such as Australia, Canada, Singapore, Japan, and others, ensuring compliance with local rules and regulations while assisting investors.
- Overall, Moomoo provides a favorable trading environment and an intuitive interface for clients to manage their investment portfolios, access market research, and execute trades.
- Is Moomoo a Stock Broker? Yes, Moomoo functions as a stock trading broker. As a subsidiary of Futu, a U.S.-based firm specializing in a range of financial services, including brokerage offerings for trading stocks and other financial products, Moomoo operates within this framework.
- Moomoo: Advantages and Disadvantages Based on our research, Moomoo presents both pros and cons. On the positive side, it offers a user-friendly online trading platform, access to research, extensive educational resources, and a competitive fee structure for investors. Furthermore, being part of a larger financial entity like Futu instills confidence regarding security and regulatory compliance.
- However, on the downside, the platform has limitations concerning available financial instruments and lacks certain advanced trading features. Additionally, any changes in the parent company’s policies or disruptions in its operations could potentially affect the services provided by Moomoo.
