moomoo: commission-free US stocks & options? My 2026 review

moomoo is not a lightly supervised newcomer. In the US it operates as Moomoo Financial Inc., a member of the SEC and FINRA, with SIPC protection covering up to $500,000 per customer, including $250,000 in cash. Its parent, Futu Holdings, is a Nasdaq-listed company (FUTU), which adds a layer of public-market accountability you rarely get from a free trading app. The group runs regulated entities across its markets, the MAS in Singapore, ASIC in Australia, CIRO in Canada and the FSA in Japan, each holding client assets under the local rulebook. Two-factor authentication switches on across any account in a few seconds. One thing to know up front: moomoo serves the US and parts of Asia-Pacific, and it is not available in the EU or UK.

The headline is simple and it holds up. US stocks, ETFs and ADRs trade at $0 commission, with only the standard regulatory pass-through fees that every US broker charges. There is no account minimum and no inactivity fee, so a buy-and-hold portfolio costs essentially nothing to run.

Options come in at $0.65 per contract, in line with the mainstream US brokers, plus the usual exchange and regulatory fees. Active traders get margin rates from 6.8% on US and Hong Kong shares, well below the typical US broker, and 8.8% on Chinese A-shares. The main line to plan for is funding, ACH transfers are free while bank wires carry $20 domestic or $25 international. Everything is laid out before you trade, which is exactly how cost should work.

moomoo is built around the US market, and it covers it thoroughly. You get thousands of US stocks and ETFs, ADRs for international exposure, a full options chain and futures, with fractional shares so a high-priced name fits any budget. In several markets the app also opens up Hong Kong and Chinese A-shares.

Where it pulls ahead is the research layer wrapped around those instruments. Free Level 2 depth, heatmaps, institutional-holding data, an economic calendar and stock screeners are all built in, not sold as add-ons. It is a trading and research workspace first, so an investor who only wants a simple savings app may find it richer than they need, while an active US-market trader will feel right at home.

moomoo does one thing extremely well: it gives a retail trader professional tools at a price that is hard to argue with. Zero commission on US stocks and ETFs, options at $0.65 a contract, free Level 2 data and a genuinely powerful app, all under SEC and FINRA oversight with SIPC protection and a Nasdaq-listed parent behind it.

What stays with me is how little you give up for the price. The charting, screeners and paper trading would cost real money elsewhere, and here they come standard. For anyone whose portfolio lives in US names and who wants the cheapest serious way to trade them, moomoo earns its place near the top of the list.