The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).
For further information about Moomoo Financial Inc., please visit Financial Industry Regulatory Authority (FINRA)’s BrokerCheck. Brokerage accounts with Moomoo Financial Inc. are protected by the Securities Investor Protection Corporation (SIPC). Moomoo Financial Inc. is a member of Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). It is important to understand that SIPC protects customer accounts against losses caused by the financial failure of the broker-dealer, but not against an increase or decrease in the market value of securities in customers' accounts. SIPC does not protect against market risk, which is the risk inherent in a fluctuating market. For further information about SIPC coverage for accounts with Moomoo Financial Inc., see www.sipc.org or request an explanatory brochure from Moomoo Financial Inc.
Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.
Investments in stocks, options, ETFs and other instruments are subject to risks, including possible loss of the amount invested. The value of investments may fluctuate and as a result, clients may lose the value of their investment. Past performance should not be viewed as an indicator of future results.
Margin trading involves interest charges and heightened risks, including the potential to lose more than invested funds or the need to deposit additional collateral. Before trading on margin, customers are advised to determine whether this type of trading is appropriate for them in light of their respective investment objective, experience, risk tolerance and financial situation.
Free trading refers to $0 commissions for Moomoo Financial Inc. self-directed individual cash or margin brokerage accounts of U.S. residents that trade U.S. listed securities via mobile devices or Web. Relevant SEC & FINRA fees may apply. For details, please see Commission and Fees.
All types of investments are risky and investors may suffer losses. Past performance of investment products does not guarantee future results. Electronic trading also poses risks to investors. The responsiveness of the trading system may vary due to market conditions, system performance, and other factors. Account access and trade execution may be affected by factors such as market volatility.
No content on the website shall be considered as a recommendation or solicitation for the purchase or sale of securities, futures, or other financial products. All information and data on the website are for reference only and no historical data shall be considered as the basis for predicting future trends.
Information contained on this website is general in nature and has been prepared without any consideration of customers’ investment objectives, financial situations or needs. Customers should consider the appropriateness of the information having regard to their personal circ*mstances before making any investment decisions.
Investment products are not insured by the Federal Deposit Insurance Corporation (FDIC) or guaranteed by a bank, and may decline in value.
The services and products offered on the website are subject to applicable laws and regulations, as well as relevant service terms and policies. The services and products are not available to all customers or in all geographic areas or in any jurisdiction where it is unlawful for us to offer such services and products.
Copyright © 2024 Moomoo Technologies Inc. All Rights Reserved.
FAQs
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc.,a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
Does moomoo require SSN? ›
As a registered broker-dealer, Moomoo Financial Inc. is required by law to collect your social security number. If you are not a U.S. resident, you can open an account with a passport from other supported countries/regions. Moomoo is a professional trading app offered by Moomoo Technologies Inc.
Do you have to be from the US to invest in stocks? ›
Foreigners can invest in U.S. stocks by opening a U.S.-based brokerage account. Be aware of tax documentation that may be required for an international brokerage account. Much of the information out there about taxes assumes you're a U.S. taxpayer.
What are the disadvantages of moomoo? ›
Cons: Where moomoo could improve
- Limited account types. If you're hoping to open almost any account type here, you're out of luck. ...
- Limited tradable securities. ...
- No fractional shares. ...
- Transfer-out fees.
Open an account with Moomoo US
- Download and install the moomoo app.
- Sign up for a moomoo account and tap Open Account.
- Select your tax residence as the United States (US), or another country or region. A. ...
- Follow the instructions to fill in your account information.
- Submit your application to open a new account.
How to invest in US stocks on moomoo?
- Select a US stock and go to itsDetailed Quotes page, then tap the Trade button in the left-bottom corner.
- Select Buy or Sell and order type. Input the price and the quantity if you choose Limit order. ...
- Tap the Buy button and input your trading password.
In the grand tapestry of trading platforms, Moomoo stands out as a robust, reliable, and refreshingly modern choice.
Can you withdraw money from moomoo? ›
You can withdraw funds from your Moomoo MY universal account to your bank account. However, withdrawing funds to other third party platforms is currently not supported. Your Cash Withdrawable indicates the funds available for withdrawal to your bank account.
Can I invest without a SSN? ›
The answer is YES! Through an Individual Taxpayer Identification Number or (ITIN), people who do not have social security numbers can open investment accounts. Brokerage companies such as Vanguard, Charles Schwab, and Fidelity allow individuals with ITINs to open investment accounts.
Can a non-US citizen invest in the US? ›
There's no citizenship requirement for owning stocks of American companies. There are some extra hoops that non-U.S. investors may have to jump through before investing in U.S. stocks because foreign owners and holders of U.S.-based assets are subject to an array of U.S. laws intended to protect U.S. interests.
Generally, any profit you make on the sale of an asset is taxable at either 0%, 15% or 20% if you held the shares for more than a year, or at your ordinary tax rate if you held the shares for a year or less. Any dividends you receive from a stock are also usually taxable. » MORE: Learn about federal tax brackets.
How can a beginner invest in stocks in USA? ›
How to start investing in stocks: 9 tips for beginners
- Buy the right investment.
- Avoid individual stocks if you're a beginner.
- Create a diversified portfolio.
- Be prepared for a downturn.
- Try a simulator before investing real money.
- Stay committed to your long-term portfolio.
- Start now.
- Avoid short-term trading.
Moomoo Financial Inc., a subsidiary of Futu, is a U.S.-based financial services company headquartered in Palo Alto, California that allows customers to trade US stocks, Chinese stocks, Hong Kong stocks, ETFs, and options.
What happens if moomoo goes bust? ›
As you could see, moomoo is regulated by SEC and provides the SIPC investor protection scheme. SIPC protects against the loss of cash and securities in case the broker goes bust. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash.
Is moomoo only for US citizens? ›
To open a Moomoo Financial Inc. account, you need to meet the following requirements: Be 18 years or older; Be a U.S. resident or non-U.S. resident in supported countries/regions.
What countries can use moomoo? ›
1 The company offers trading on its platform in U.S. equities, ETFs, options, and index options, and also provides trading access to Hong Kong and Chinese A-List stocks. Moomoo has expanded to provide access to its platform to investors in Canada, Hong Kong, Australia, Malaysia, Japan, and Singapore.
Which app to use for trading in USA? ›
Some of the best stock trading apps for beginners include Robinhood, SoFi, Fidelity, and Charles Schwab.
Can I withdraw USD from moomoo? ›
You can withdraw SGD, HKD, and USD from your Moomoo SG universal account to an external bank account.
What country is moomoo based in? ›
Founded in Palo Alto, California in 2018, Moomoo operates globally and serves investors in the United States, Singapore, Australia, Japan, Canada, and Malaysia.
