Crypto broker review · North America
moomoo for Crypto in 2027: Is It the Right Broker for You?
moomoo is an investing app that gives away what other brokers used to sell: deep market data, professional charts and round-the-clock access to US shares. It launched in 2018, has its American headquarters in Palo Alto, California, and belongs to Futu Holdings, a Hong Kong-based group listed on Nasdaq. Spot crypto was added to the app more recently and is priced below most stock-broker competitors.
This 2027 review explains the crypto service in the United States and elsewhere, its fees, its regulators and its limits. moomoo is ranked #23 among the 52 crypto brokers we compare.
Where the App Comes From
Futu was founded by Leaf Li, an early employee of the Chinese internet company Tencent, and built a large brokerage business in Hong Kong before taking the moomoo brand overseas. The app now operates in the United States, Singapore, Australia, Japan, Canada and Malaysia through locally licensed companies.
Each country's version is run by a different regulated entity, and the products differ. Crypto is the clearest example.
Crypto in the United States
American customers can trade around 50 coins, including bitcoin, ether, solana, XRP and dogecoin. The assets are real, purchases are fully paid and no leverage is applied.
The service is provided through an affiliated crypto company, separate from the securities brokerage. Not every state is covered, and the coin list can be shorter in some of those that are.
- Crypto markets
- 50coins you can own
- Founded
- 20189 years in 2027
- Regulators
- 6incl. top-tier
- Min. deposit
- $0US clients accepted
Crypto in Other Countries
In Singapore the app offers spot crypto under the local payments licence framework. In Australia and Hong Kong, access has been introduced in stages. In several other markets crypto is not available at all, or only through listed funds. Always check the local version of the app.
What a Trade Costs
In the US the fee is about 0.49% per spot trade. In Singapore it is lower, between 0.3% and 0.39% depending on the promotion and tier in force.
On a $1,000 order the US fee is about $4.90. That is roughly half of what apps charging 1% take, and less than the 0.75% charged by a few forex and options brokers that have added crypto. It remains above the lowest tier of a dedicated exchange.
There is no minimum deposit and no fee for holding coins.
Why the Fee Matters More Than It Seems
Fees on crypto are charged twice, on the way in and on the way out. A 0.49% fee means about 1% for a round trip; a 1% fee means 2%. For someone who rebalances a few times a year, that single percentage point of difference is a real part of the annual return.
Regulation
The securities brokerages are supervised by:
- The SEC and FINRA in the United States
- MAS in Singapore
- The SFC in Hong Kong
- ASIC in Australia
- CIRO in Canada
- The Financial Services Agency in Japan
That is a strong list. As elsewhere in the US market, though, crypto sits outside the protection of SIPC and is not a bank deposit. The crypto affiliate operates under state money-transmission rules.
Custody of Coins
Customer coins are held by the crypto affiliate with the help of institutional custody providers, mostly in offline storage. The firm states that assets are held one for one and not lent out.
Deposits and Withdrawals of Crypto
Transfer features have been rolled out gradually. For some assets and regions you can move coins in and out; for others, you can only buy and sell for cash. Check the transfer page for the specific coin before you commit, particularly if you plan to move holdings to a hardware wallet.
The Platform
This is where the app shines. Features provided at no charge include:
- Level 2 market data for US shares
- More than sixty technical indicators and a full set of drawing tools
- Screeners, heat maps and institutional holdings data
- A desktop program with customisable multi-window layouts
Crypto charts use the same engine. For a chart-focused trader, this is a far richer environment than the minimal screens of most retail crypto apps.
Order Types
Market and limit orders are available for crypto, and the app supports price alerts. Advanced conditional orders are more developed for shares than for coins.
Trading Hours
Crypto can be traded all day, every day. Shares can be traded nearly around the clock on weekdays through the overnight session, so the app is rarely idle.
No Leverage on Spot
For most clients there is no margin on spot crypto. Leverage is available on shares and options under the usual rules, but coins must be paid for in full. Beginners should regard that as a feature.
Paper Trading
The paper trading mode is one of the best around, with virtual funds and real-time prices. It supports shares and options fully. Crypto coverage in the simulator is more limited, so a small live trade is the practical way to learn the crypto screens.
The Ownership Question
Because the parent company is based in Hong Kong and was founded by a Chinese entrepreneur, the app has drawn political attention in the United States over data security. The US business states that American customer data is stored on servers in the United States and that it operates independently under US regulation. Readers should weigh this for themselves; it is a matter of comfort more than of any proven failing.
Community Features
A built-in social feed lets users post ideas, follow others and join discussion groups. It is lively and can be informative. It can also amplify hype around small coins. Treat tips from strangers as entertainment.
Cash and Other Products
Idle cash can earn interest through a sweep programme, and the app offers shares, ETFs, options and, in some regions, futures. Many users arrive for options trading, where commission is very low, and add crypto afterwards.
Tax Documents
US customers receive separate year-end tax forms for the securities account and the crypto account. Keep both.
Funding
Bank transfers by ACH are free in the United States. Wire transfers are supported and may carry a bank charge. New deposits are often available for trading before they fully settle, up to a limit.
Customer Support
Phone and chat support operate around the clock on trading days. The help centre is detailed, with step-by-step guides and video lessons.
A Worked Example
Someone invests $300 a month into ether for three years, a total of $10,800. At 0.49% the buying cost is about $53. At 1% it would be $108, and at 1.25% it would be $135. None of these figures will decide the outcome of the investment, but the cheaper route leaves a little more working for you each month.
Moomoo Versus Webull and Robinhood
Webull is the closest rival in style and charges more for crypto through its spread. Robinhood has a longer history of wallet transfers and staking and offers a low-cost order-book route for active traders. Moomoo's case is its data and charts combined with a clear, moderate percentage fee.
Who Should Use Moomoo?
It suits you if you:
- Trade US shares or options and want crypto in the same app.
- Like detailed charts and free market data.
- Want a lower crypto fee than most stock apps charge.
It suits you less if you need staking, guaranteed wallet withdrawals for every coin, or are uneasy about the parent company's base.
The Bottom Line on Moomoo
Moomoo gives active retail investors a great deal for nothing, and its crypto fee of about 0.49% in the US undercuts most broker-style rivals. Regulation of the group is broad and serious.
Crypto is still a newer part of the app. Coverage varies by state and country, transfer options need checking and there is no staking to speak of. As a second home for a moderate crypto position beside your shares, it is a strong contender. For a crypto-first investor, a dedicated platform still offers more.
Bitcoin BTC
Ethereum ETH
Tether USDT
BNB BNB
USDC USDC
XRP XRP
Solana SOL
TRON TRX
Figure Heloc FIGR_HELOC
Hyperliquid HYPE