moomoo
moomoo.com
Commission-free US broker for stocks, ETFs and options with no equity options contract fees, free Level 2 quotes above a small balance, and paper trading.
What it is
moomoo is a trading app and desktop platform from Moomoo Technologies, with US brokerage accounts held at Moomoo Financial Inc., a FINRA and SIPC member. It offers US stocks, fractional shares, ETFs and options with $0 commissions, and unlike most commission-free brokers it also charges no per-contract fee on equity options. Index options carry a $0.50 contract fee, and the usual regulatory and clearing pass-through fees (SEC, TAF, OCC, ORF, CAT) apply. Crypto is available through a separate account with an affiliated entity.
The draw for active traders is the data. Level 2 quotes are free once your account meets a small minimum average balance, the charts carry more than 100 technical indicators, and the platform integrates with TradingView. Paper trading with real-time quotes and virtual money is free, so you can practise options strategies before funding. There are apps for iOS and Android, a desktop application and a web version.
Know the account limits before moving money: moomoo's help centre states that Moomoo Financial does not offer IRAs or joint accounts, only individual cash and margin accounts. Uninvested cash can go into a Cash Sweep programme; the headline rate shown on the homepage is a promotional rate for new users, and the ongoing base rate is lower.
Key features
- $0 equity options contracts
- No commission and no per-contract fee on equity options; index options cost $0.50 a contract, plus regulatory and clearing fees.
- Level 2 market data
- Free Level 2 quotes for accounts that meet a minimum average account value.
- Paper trading
- A free simulator with real-time quotes and virtual money, including options.
- Charting and TradingView
- 100+ technical indicators in the app and desktop platform, plus TradingView integration.
- Desktop, web and mobile
- A downloadable desktop platform, a web version and iOS and Android apps.
- Cash Sweep and DRIP
- Uninvested cash can earn interest through partner banks, and dividends can be reinvested automatically.
Pricing
| Plan | Price | What you get |
|---|---|---|
| US stocks and ETFs | $0 commission | $0 platform fee (promotional); SEC, TAF and CAT fees pass through |
| Equity options | $0 commission, $0 contract fee | OCC fee $0.025 a contract plus ORF, TAF and CAT |
| Index options | $0.50/contract | Plus OCC, ORF and exchange proprietary fees |
The platform fee on stock trades is marked as promotional. Regulatory fees are passed through on sells (TAF) and per trade (SEC). Margin rates and crypto fees are published separately. An annual ADR custody fee of $0.01 to $0.05 a share may apply.
Free option: Opening an account is free with no subscription. Paper trading, charting, news and research are free; Level 2 quotes are free once the account meets a minimum average balance.
Checked September 25, 2026 on moomoo.com. Prices change; confirm on the provider's site before you subscribe.
Strengths
- No per-contract fee on equity options, which many $0-commission brokers still charge
- Level 2 quotes and detailed charting without a data subscription
- Paper trading with real-time quotes for practising before funding
- Desktop, web and mobile apps, plus TradingView integration
Limitations
- No IRAs or joint accounts; only individual cash and margin accounts
- Index options carry a $0.50 per-contract fee
- Crypto requires a separate account with an affiliated entity
- The headline Cash Sweep rate is a new-user promotion; the ongoing base rate is lower
- The stock platform fee is $0 on a promotional basis, so it could change
Good fit for
- Active stock and options traders who want free Level 2 and detailed charts
- Options traders who want to avoid per-contract fees on equity options
- Beginners who want to paper trade before using real money
Look elsewhere if
- Retirement savers who need an IRA
- Couples who want a joint account
- Futures traders
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moomoo questions
Does moomoo charge options fees?
Equity options have $0 commission and $0 contract fees, but small regulatory and clearing fees apply. Index options cost $0.50 a contract.
Does moomoo offer IRAs?
No. Its help centre states that Moomoo Financial Inc. does not offer IRAs or joint accounts.
Is Level 2 free on moomoo?
Yes, for accounts that meet moomoo's minimum average account value requirement.
Is moomoo a safe US broker?
US accounts are held at Moomoo Financial Inc., a FINRA member, and SIPC protects securities up to $500,000 including $250,000 in cash. SIPC does not cover market losses.
Does moomoo have paper trading?
Yes. The paper trading simulator is free and uses real-time quotes with virtual money.
Written from moomoo's own website and documentation. All Trading Tools lists and compares tools; it does not recommend trades or give financial advice. Sources: moomoo.com/us, moomoo.com/us/pricing, moomoo.com/us/support/topic4_275.