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Moomoo is a powerful global investing platform which has expanded to Canada, offering the best tools for US stock trading with free real-time Level II data and super low fees. Backed by a Nasdaq-listed parent company Futu Holdings Limited (NASDAQ: FUTU) and trusted by 27 million users worldwide. Moomoo Financial Canada Inc. is registered with CIRO and is a member of the Canadian Investor Protection Fund (CIPF), protecting securities customers up to $1 million per general account.
Our Rating
4.7/5
Institution
moomoo (Listed on Nasdaq: FUTU)
Welcome Offer
Moomoo offers new users generous rewards. Sign up through our exclusive link to earn up to CAD 4,600 in cash rewards:
- $50-$300 Reward on First-time Deposit: Deposit CAD 100, get CAD 50 in cash voucher; or deposit CAD 5,000, receive CAD 300 in cash voucher, usable for trading. Check your vouchers in the "My Rewards" section and redeem to cash balance.
- $2,000 Commission Rebates: Enjoy 60 days of commission-free trading on stocks, funds, or options, saving up to CAD 2,000 in fees rebated to your balance.
- 6% APY Cash Plus: Earn 6% annualized interest for two months on up to CAD 10,000 in your cash account if undecided on investments.
- $2,00-2,300 First-time Transfer Bonus: Transfer assets worth CAD 10,000 – CAD 500,000, and get CAD 200 – CAD 2,300 cash bonus.
Important: If you opened a TFSA or RRSP, one-click to open a Cash account as well. Rewards will be credited to the Cash/Margin Account instead of your TFSA/RRSP, to avoid overcontribution.
Learn more about the T&Cs here.
Transfer Promotion:
When eligible users take the following actions, they will receive up to $2,300 stock cash coupons or Apple gift cards depending on their choice.
Transfer-in amount | Stock cash coupons/Apple gift cards (in total) |
|---|---|
Transfer $10,000+ | $200 |
Transfer $50,000+ | $700 |
Transfer $100,000+ | $1,200 |
Transfer $250,000+ | $1,900 |
Transfer $500,000+ | $2,300 |
All amounts are in Canadian Dollars. For any transfers of $10,000+, there is a $100 transfer fee which will be credited to your account immediately, with no lock-up period. | |
During the promotional period, all transfer-ins will be cumulative, and the reward will be based on the total transfer-in amount during that period. For example, if you transfer CAD 50,000 from a TFSA at institution A and CAD 50,000 from an RRSP at institution B to moomoo within the promotional period, the total transfer-in amount will be CAD 100,000.
You have the option to choose between equivalent amounts of stock cash coupons or Apple gift cards—just select the prize that best suits you. Refer to here for the full T&C.
Rates and Fees
moomoo keeps trading simple and cost-effective, offering some of the lowest fees in Canada:
- US stocks & ETFs: $0.0099 USD per share (starting at $1.99 USD per trade for ≤200 shares). Full details here.
- Canadian stocks & ETFs: $0.0149 CAD per share (starting at $1.49 CAD per trade for ≤100 shares). Full details here.
- US options: $0.65 USD per contract, minimum $1 USD per order — one of the lowest option fees in Canada
- Margin rate: From 7.83%–8.83% annually, providing competitive leverage opportunities
- Currency exchange: Just 0.09% + $2 per transaction, giving you more buying power on US trades - one of the lowest FX fees in Canada
- Account fees: None — no minimum deposit or maintenance fees
You’ll also get free real-time Level 2 market data*, 24/7 financial news, and analyst ratings — features that many competitors charge for, saving you hundreds of dollars with moomoo!
Eligibility
To open an account with Moomoo Financial Canada Inc., you must:
- Be a Canadian resident with a valid address and phone number
- Provide a Social Insurance Number (SIN) for identity verification
- Be of legal age in your province (18 or 19 depending on jurisdiction)
- Use a valid personal email and mobile number for registration
Features & Description
Founded in Silicon Valley in 2018, moomoo has grown into one of the world’s top investing platforms, serving over 27 million users worldwide across markets like the US, Singapore, Australia, Japan, Malaysia, and now Canada.
In Canada, moomoo is offered by Moomoo Financial Canada Inc., a regulated broker-dealer under CIRO and a member of the Canadian Investor Protection Fund (CIPF), which insures eligible client accounts up to $1 million.
moomoo’s mission is to make professional-grade trading tools accessible to every investor. With the platform, you’ll get:
- Low-cost trading on Canadian and US stocks, ETFs, and options
- Extended trading hours (US stocks and etfs only, from 4:00 AM – 8:00 PM ET)
- Exclusive free market data including US and Canadian real-time quotes, 60 levels of bid/ask, and analyst ratings from 4,000+ Wall Street professionals
- Free Access to Morning Star Research and Reports
- Advanced tools like customizable charts, 60+ technical indicators, and intelligent-assisted analysis
- 24/7 customer support, including live chat, phone, and email assistance
Whether you’re a beginner or an experienced trader, moomoo combines low fees, rich data, and advanced technology in one sleek platform — making it a strong choice for Canadian investors.
Legal
*US Level 2 data offers a 30-day free trial for new Moomoo Canada accounts. Afterwards, it remains free for accounts meeting either of these criteria in the past 30 days: 3+ trades or $20,000+ average assets.