Moomoo Review 2025
Aggressive promotions, free Level 2 data, 8.1% APY (promo). Owned by Tencent-backed Futu Holdings—the Chinese ownership elephant is real.
Chinese Ownership
Moomoo is owned by Futu Holdings, which has Tencent (major Chinese tech company) as a significant investor. Congressional scrutiny has raised data security concerns. SIPC-insured, but consider whether this matters to you.
The Bottom Line
Moomoo offers aggressive new customer bonuses and genuinely useful features like free Level 2 data. The 8.1% promotional APY (3 months) is eye-catching.
The Chinese ownership question is the same as Webull—legitimate concern or non-issue depending on your perspective.
What Moomoo Does Best
8.1% Promotional APY
For the first 3 months, earn 8.1% on up to $20,000 in uninvested cash. That's roughly $400 in interest on a maxed balance. After promo, drops to 4.1%—still competitive.
Free Level 2 Data
Real-time market depth data costs money at most brokers. Moomoo includes it free—valuable for active traders reading order flow.
Up to $1,000 NVDA Stock
Current sign-up bonus includes free NVIDIA stock. Combined with APY promo, new customer value is high.
Advanced Research Tools
Better data visualization and stock analysis than Robinhood. Institutional-quality data presentation.
Where Moomoo Falls Short
Chinese Ownership
Futu Holdings (parent company) is backed by Tencent and trades on NASDAQ. Congressional scrutiny has raised questions about data security and potential regulatory risk.
No IRA Match
Unlike Robinhood (3%) or Webull (3.5%), Moomoo offers no IRA contribution matching.
Smaller Platform
Less established than major US brokers. Fewer users, less brand recognition.
Who Should Use Moomoo
- New investors chasing aggressive bonuses
- Active traders wanting free Level 2
- Cash parkers wanting high promo APY
- Those comfortable with Chinese ownership
Who Should Look Elsewhere
- Data privacy concerned: Use Fidelity
- IRA investors: Robinhood or Webull for match
- Long-term investors: Fidelity is more established
The Verdict
Moomoo is a legitimate broker with compelling promotions. The 8.1% APY and free Level 2 are real value. But if Chinese ownership concerns you, Webull has similar features, and Fidelity has neither Chinese ties nor PFOF.