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Moomoo Canada Review


Fact Checked

Moomoo is a versatile stock trading platform for active traders seeking a user-friendly and cost-effective investing experience. It offers low-fee trading of US and Canadian stocks, ETFs, options, and futures.

Its intuitive web, desktop, and mobile trading interfaces feature advanced charting tools, real-time level 2 market data, and extensive market research and educational tools.

In this Moomoo Canada review, I cover its top features, trading commissions, account types, investment products, and more.

What is Moomoo?

Founded in 2018, Moomoo is a California-based stock trading platform with over 21 million users worldwide.

Moomoo launched in Canada in 2023, and due to its competitive pricing and advanced charting and trading tools, it is fast becoming a significant player in the Canadian online brokerage market.

Beyond Canada, Moomoo operates in various countries, including the US, Japan, Australia, Singapore, Malaysia, and others.

Account Types

Moomoo offers four account types in Canada, including:

  • Individual margin account
  • Individual cash account
  • Tax-Free Savings Account (TFSA)
  • Registered Retirement Savings Plan (RRSP)

Investment Products

Investors can access six tradable assets on Moomoo, including:

  • Stocks
  • ETFs
  • Options
  • Futures
  • Forex
  • Index Funds

Moomoo doesn’t currently support other assets like mutual funds, precious metals, CFDs, and crypto.

Moomoo Trading Platforms and Features

Moomoo offers 3 trading platforms, including web, desktop, and mobile apps.

  • Moomoo web platform: Enables traders to execute trades and manage their portfolios directly from their browsers.
  • Moomoo Desktop app: This app is available for PC and Mac and comes with advanced charting tools and up to 6 monitors for monitoring multiple stocks in different timeframes.
  • Moomoo mobile apps: Highly rated Android and iOS apps to access real-time quotes, use advanced charting tools, and trade on the go.

Top Features

  • Low fees on trading, margin, and currency conversion
  • Margin trading with low margin rates to amplify your buying power
  • Free access to US and CDN real-time level 2 quotes
  • Offers access to Hong Kong and China stocks
  • Funds account for earning up to 8.1% on an uninvested cash
  • Over 100 pro-level tools and resources, including analysts’ ratings, stock screener, institutional tracker, heat map, etc
  • Pre and post-market trading from 4 AM-8 PM ET in the US market and 8 AM-5 PM ET in the Canadian market.
  • Latest market data and news from 50+ premium news resources, including Benzinga, Dow Jones, Bloomberg, Nasdaq, NYSE, and CBoe.
  • Personalized customer support via phone, email, and intelligent chatbot
  • Advanced charting tools with over 100 indicators and drawing tools
  • Risk-free paper trading
  • A rich library of tutorials and educational resources
  • User-friendly interface for seamless navigation and trading
  • A safe platform regulated by CIRO and a member of CIPF

Moomoo Trading Commissions & Fees

Moomoo is reputed in the stock trading circles for its unmatched trading experience at low trading fees. Plus, the platform doesn’t charge bank transfer deposit/withdrawal fees or other account fees.

However, customers making wire deposits/withdrawals incur a fee of between $8 and $45, depending on whether it’s a domestic or international wire transfer.

Moomoo trading fees in US and CDN markets come in as follows:

US marketCanadian market
Stocks & ETFs$0.0099/share (Min. $1.99 per trade)$0.014/share (min. $1.49 per trade)
Options$0.9/contract (min. $1.5/order)$0.9/contract (min. $1.5/order)
FX fees$0.09%+$2$0.09$+$2

To help you better understand its fees, Moomoo offers a fee calculator that estimates your trading commissions upfront so that you know exactly what you’re being charged.

Moomoo Margin Rates

Moomoo provides up to 4x leverage, and its margin rates are some of the lowest out there. The platform charges tiered margin rates based on the size of your margin loan.

Margin rates start at 8.83% and decrease to 7.83% as your margin loan increases from $100k-$200M. Interest on margin trading is calculated daily and paid monthly.

To qualify for margin, you should have at least $2,000 or CAD 2,500 on your margin account. 

Pros and Cons of Moomoo


  • Low trading fees
  • $0 minimum deposit
  • Free demo account to practice trading with virtual funds
  • Intuitive, user-friendly desktop and mobile platforms
  • Free access to level 2 market data
  • Advanced charting and market research tools for seasoned traders


  • It doesn’t offer bonds, mutual funds, precious metals, etc.
  • Limited account funding options
  • The mobile interface can feel cluttered and confusing to new traders

Moomoo Promotions

Moomoo offers a welcome bonus when you sign up and fund your account. 

For example, if you sign up for a TFSA account, contribute $100+, and maintain your assets for 90 days, you can earn up to $2,400 in cash rewards

You get up to 12 exclusive cash coupons, each valued between $30 and $200. The higher your deposit, the more cash coupons you receive. 

Is Moomoo Safe?

Moomoo is a safe and legitimate stock trading platform regulated by the Canadian Investment Regulatory Organization (CIRO). It is also a member of the Canadian Investor Protection Fund (CIPF). 

The US Securities and Exchange Commission (SEC) regulates and oversees Moomoo in the United States.


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Editorial Disclaimer: The investing information provided here is for informational purposes only and is not intended as individual investment advice or recommendation to invest in any specific security or investment product. Investors should always conduct their own independent research before making investment decisions or executing investment strategies. Savvy New Canadians does not offer advisory or brokerage services. Note that past investment performance does not guarantee future returns.

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Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

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