A competitive, feature-rich platform that could have you trading til the cows come home.
moomoo has a lot going for it and occupies a unique space among brokers in Australia. It's competitively priced, offers paper trading and boasts a well-reviewed mobile app.
It also caters to less experienced investors by offering auto-investing and fractional shares.
| Type of broker | Online |
| Asset Class | ASX shares, Global shares, Options trading, US shares, ETFs |
| Available markets | ASX,NASDAQ,NYSE,Hong Kong Stock Exchange,CBOE,OTC |
| Standard brokerage fee | US$0.99 |
| Support | Phone, Email, After hours, Live chat |
| Go to site |
Moomoo Share Trading was a big winner in the 2026 Finder Awards.
Full list of 2026 share trading winners
moomoo's trading fees are relatively competitive compared to other trading platforms that offer Australian and US stocks. Notably, it has no ongoing fees, its platform and research are available for free and you don't need to worry about account minimums when you sign up.
moomoo's fee structure and research tools may work well for both active traders and passive investors.
That being said, moomoo's offerings make it an interesting option for a very specific type of investor: traders seeking stocks or ETFs through an individual account, as well as options trading.
It doesn't offer leveraged products such as CFDs, forex or cryptocurrencies.
Its account options are also limited - it doesn't offer cash, retirement or minor accounts. Nor does it feature robo-advice tools or ready made portfolios.
What it does do – namely, low brokerage fee Australian and US stock and ETF trading – it does well. The company has strong educational resources, helping newer investors learn about shares and options through its tutorials.
Its fees are competitively priced, research tools are robust and trades are executed quickly.
The platform is available as a desktop or mobile application and investors in Australia will soon gain access to the Hong Kong exchange.
You can sign up for moomoo online in about 5 minutes. Reviews of its beginner-friendly mobile platform are favourable, but traders warn that the desktop platform is so feature-rich that it can be overwhelming for those just starting out.
Packed interface aside, reviews suggest the app becomes easier to navigate over time and that orders are executed quickly and reliably.
moomoo offers a rich array of research tools and market data to empower traders and investors. Here's a comprehensive overview:
Futu (moomoo's parent company) makes the majority of its income from brokerage commission. The remaining income streams include handling charge income, interest, foreign exchange fees and other forms of income.
"This app offers a little bit for novice traders, as well as all the bells and whistles a pro trader would need. Offering a competitive coverage of international markets as well as the ASX, this is my go to app for ETF and IPO investments. Also, this app offers interest on capital that isn't deployed, which is pretty cool."
Sign up for an account online in about 5 minutes:
Support is available 24/5 on trading days, and 12 hours from 9:30 am (AET) on non-trading days. You have 3 main ways to contact moomoo:
moomoo has received average to good reviews from customers, according to review sites like TrustPilot and ProductReview.com.au. It currently has a rating of 4.3 out of 5 on ProductReview, and a rating of 2.7 on TrustPilot. Some users have reported issues when trying to contact moomoo customer support.
The moomoo app also has an average rating of 4.7 out of 5 on the Apple App Store and a rating of 4.7 out of 5 on the Google Play Store. All ratings were last checked on 21 May 2025.
Shannon Finder
Writer
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Sarah Megginson Finder
March 09, 2026
Hi Steve,
Generally, you could expect to pay something like:
Platform Fee: ~$1.00 USD
FX Cost: ~$15.00 USD
Total: ~$16.00 USD
As of today, that’s about $24 AUD. One thing to keep in mind: OTC stocks (like RMGGF) are highly volatile and may have low liquidity. You might not get the exact price you want, which can introduce “hidden” costs through a wide bid-ask spread. Hope this helps!
yuyu
October 10, 2025
I am interested in share market. I don’t have anyone doing it. I just wonder if I can buy S&P500? can I deposit every month? like $500 each month to deposit?
Angus Kidman Finder
October 16, 2025
One option would be to invest each month in an S&P500 index fund – check out our detailed guide on S&P500 investments to learn more about that approach.
Anthony
May 17, 2025
Hello
Regarding the finder exclusive for moomoo
Unlock up to AUD$4,000 and US$4,000 in $0 brokerage over 60 days. T&C’s apply.
Will this offer be activated by moomoo or finder after signing up. Do I have to use the finder website/page to sign up to get the bonus or moomoo. The moomoo site indicates that you have to use their site to apply to get their reward bonuses. I phoned moomoo and the person I spoke to didn’t know anything about the finder bonus offer. I explained that finder and moomoo must of made an arrangement for the extra bonus offer, but the lady I spoke to has no idea of the offer. The moomoo offer is called, exclusive welcome rewards. l couldn’t find any additional information as to how your offer will be activated or any additional terms and conditions apart from the general terms and conditions from moomoo, but no mention about finder. Another thing I noticed is when using your link to go to moomoo the offer is AUD$2,000 and US$2,000 in $0 brokerage over 30 days. Is there two offers of this bonus to equal the finder promotion of AUD $4,000 and US $4,000 in $0 brokerage over 60 days. Looking forward to your response to clarify my questions.
Regards
Anthony
Kylie Purcell Finder
May 30, 2025
Hi Anthony, I’ve just confirmed with the team that the $4,000 deal will automatically trigger if you sign up to moomoo through a Finder link. Thank you for flagging that the information shown on moomoo’s sign-up page is incorrect, this is an older deal and will need to be updated. We’ve contacted them to let them know. Understand the confusion regarding speaking to moomoo about the deal, sometimes customer services teams are not up to speed on newer offers like these. Feel free to reach out again if you have any other questions here.
Guru
September 30, 2024
Which broker can I use to trade warrants (eg. QANJCA) ? most low cost brokers seem to offer only shares… thanks
Thomas Stelzer Finder
September 30, 2024
Hi,
Thanks for your question. You can trade warrants on quite a few trading platforms in Australia including CommSec, nabtrade, Westpac and CMC Invest.
Regards,
Tom
Ken Powell
August 14, 2024
Can I open a share trading account with Moo Moo for my segregated shares from my SMSF ?
Thank you,
Ken
Thomas Stelzer Finder
September 16, 2024
Hi Ken,
Thanks for your question. It may be possible for you to open a SMSF account with moomoo and transfer your segregated shares to this new account. However, this is something you’d need to confirm directly with moomoo first. It’s likely you’ll also need to complete some paperwork and pay some fees in order to do so.
Regards,
Tom
steve
February 20, 2026
I would like to start in ‘moomoo’ with 3000 $$. First trade would be RMGGF which is an OTC one dollar stock–investing all 3000. If the fee then $90 ?