Revolutionizing Trading in Canada

Moomoo Financial Canada Inc., operating under the brand moomoo Canada, is revolutionizing the online brokerage landscape. With its headquarters nestled in Toronto, this dynamic platform offers an expansive suite of U.S. and Canadian stocks and ETFs, underpinned by stringent regulation from CIRO. What sets Moomoo Financial Canada Inc. apart is its commitment to low-cost trading, cutting-edge market data for free, and extended trading hours, all aimed at empowering traders with the tools they need for success.

Expert Reviewer Verdict

Moomoo Financial Canada Inc., known as moomoo Canada, provides a compelling proposition for traders seeking affordability and depth in market analysis tools. Its standout features, like low trading fees, free access to Level 2 Market Data, and extensive trading hours, cater especially well to both beginners and seasoned traders. The inclusion of risk-free paper trading is an excellent tool for novices to gain confidence without financial risk, while the advanced technical indicators and charting tools satisfy the analytical needs of more experienced market participants. Although its limitation to certain account types and focus on US and Canadian securities might deter some international investors, moomoo Canada remains a top contender for traders prioritizing cost efficiency and market data access within North America.

Pros and Cons

Pros

$0.0099/Share for US Stocks
Free Level 2 Market Data
Extended Trading Hours (16H)
Risk-Free Paper Trading
High Yield on Uninvested Cash

Cons

Limited To 4 Account Types
Supports Only US & CA Markets
No leverage Forex and Futures Trading
No Web Trading Platform

Trust and Safety

Secure, Regulated Trading

Moomoo Financial Canada Inc., operating as moomoo Canada, places a high priority on the trust and safety of its clients’ investments. As a broker regulated by the Canadian Investment Regulatory Organization (CIRO), moomoo Canada adheres to stringent regulatory standards, ensuring a secure trading environment. The broker has implemented robust anti-fraud systems to prevent fraudulent activities on its platform, safeguarding users against potential security breaches.

Additionally, client fund security is fortified through membership in the Canadian Investor Protection Fund (CIPF), offering further peace of mind to traders. The acquisition of cyber security insurance underscores moomoo Canada’s commitment to comprehensive protection, covering various cyber threats. Together, these measures demonstrate moomoo Canada’s dedication to maintaining a trustworthy and safe trading environment for all its users, making it a reliable choice for traders prioritizing security and regulatory compliance.

Regulatory Body	Status
ASIC	No
CySEC	No
DFSA	No
EFSA	No
FCA	No
FMA	No
FSA (SC)	No
FSCA	No
FSC	No
JFSA	No
MAS	No
MiFID	No

Tradable Instruments

Diverse Trading Options

Moomoo Financial Canada Inc., operating under the brand name moomoo Canada, offers traders a focused yet comprehensive suite of tradable instruments. The platform supports trading in US and Canadian stocks and ETFs (from both TSX & TSXV), providing a broad market reach within North America. Additionally, US options are available, offering traders the flexibility to engage in more complex trading strategies. This targeted selection caters well to those with a keen interest in the North American markets, whether they are looking to invest in equity markets directly through stocks and ETFs or seeking the leverage and hedging opportunities presented by options trading.

With over 13,000+ traded assets, traders have access to a wide array of choices to diversify their investment portfolio. This focus on key market instruments, combined with the absence of forex, futures, and CFD trading, positions moomoo Canada as a specialized broker for traders and investors aiming for depth within the specified markets rather than breadth across a multitude of global financial instruments.

Trading Instrument	Available
COMMODITIES	No
CURRENCIES	Yes
CRYPTOCURRENCIES	No
ETF	Yes
FUTURES	No
INDICES	No
STOCKS	Yes
BONDS	No
OPTIONS	Yes

Account Types

Tailored Trading Accounts

Moomoo Canada, operating under Moomoo Financial Canada Inc., caters to a diverse clientele by offering a range of account types designed to meet various investment needs and strategies. The broker provides four primary account types: Cash account, Margin account, TFSA (Tax-Free Savings Account), and RRSP (Registered Retirement Savings Plan). This selection ensures that both individual investors and traders can find an account that fits their financial goals, whether they’re saving for retirement or looking for the flexibility to trade on margin.

The inclusion of both TFSA and RRSP accounts highlights moomoo Canada’s commitment to supporting long-term financial planning and tax-efficient investing for Canadian residents. Meanwhile, the Cash and Margin accounts offer straightforward trading experiences, with the latter providing the leverage necessary for more aggressive trading strategies. Notably, the broker also supports risk-free paper trading, which is an invaluable tool for beginners to practice trading strategies without financial risk, and for seasoned traders to test new theories. With no account minimums, moomoo makes it easy for anyone to start trading, further democratizing access to the financial markets.

Account Type	Available
DEMO ACCOUNT	Yes
ISLAMIC ACCOUNT	No
SEGREGATED ACCOUNT	No
MANAGED ACCOUNT	No
SUITABLE FOR BEGINNERS	Yes
SUITABLE FOR PROFESSIONALS	Yes
US TRADER	No

Commission and Fees

Competitive & Transparent Fees

Moomoo, under Moomoo Financial Canada Inc., structures its commission and fees to cater to active traders while ensuring transparency and competitiveness.

Account Minimum

Moomoo sets the bar high with a $0 minimum deposit, making it accessible for traders of all levels to open an account without the need for a substantial initial investment.

Trading Fees

Trading fees for U.S. stocks are remarkably low at $0.0099/share with a minimum of $1.99/order. Canadian stocks enjoy a similar low rate.

Account Fee

There are no account management fees, allowing traders to maintain their accounts without the worry of recurring charges.

Inactivity Fee

Traders benefit from the absence of inactivity fees, ensuring accounts can remain open without penalty during inactive periods.

Deposit Fee

Depositing funds into a moomoo account is free, encouraging traders to fund their accounts as needed without extra charges.

Withdrawal Fee

Withdrawals are generally free, with the first EFT withdrawal each month being free of charge. Subsequent withdrawals may incur a minimal fee, depending on the method.

Overnight Funding Fee

There is no overnight funding fee, which is a bonus for traders holding positions overnight without incurring additional costs.

Currency Conversion Fee

Currency conversion incurs fees, structured on a sliding scale based on the monthly trade value, making it important for traders to consider when trading in different currencies.Moomoo Canada charges as low as 0.09%+2 USD

Guaranteed Stop Order Fee

Moomoo Canada does not charge additional fees for orders beyond the trading fees already outlined.

Trading Platforms

Cutting-Edge Trading Tech

Moomoo Canada, through its moomoo platform, offers a suite of trading platforms engineered to meet the needs of modern traders. Emphasizing mobility, efficiency, and depth of analysis, these platforms cater to a wide range of trading strategies and preferences.

Mobile Trading Apps

Moomoo’s mobile trading app is designed with the ethos of making investing simple yet powerful. It provides users with professional tools, real-time market data, and the ability to execute trades at their fingertips. The app’s goal is to ensure that users can engage with the financial markets anytime, anywhere, making it ideal for traders on the go.

Web Trading Apps

Moomoo Canada does not offer a web trading platform. This decision likely reflects their focus on delivering premium, app-based trading experiences that meet the demands of their tech-savvy user base.

Desktop Trading Apps

The desktop trading platform by moomoo Canada offers a comprehensive and intuitive interface that caters to both novice and experienced traders.

Trading Platform	Available
MT4	No
MT5	No
CTRADER	No
PROPRIETARY	Yes

Desktop and Web Platform	Available
DESKTOP WINDOWS	Yes
DESKTOP MAC	Yes
WEB PLATFORM	No

Mobile Platform	Available
ANDROID	Yes
iOS	Yes

Unique Features

Innovate Your Trading

Moomoo Canada, under its moomoo platform, introduces several distinctive features that set it apart in the competitive trading landscape. With an emphasis on low trading fees and advanced technological tools, it offers an attractive proposition for traders. The platform’s provision of free Level 2 Market Data and a limited-time free trial for Nasdaq TotalView empowers traders with deep market insights, enabling better decision-making. Extended trading hours up to 16 hours provide flexibility and more opportunities to trade beyond traditional market hours.

For those new to trading or looking to test strategies without financial risk, the risk-free paper trading feature is invaluable. Additionally, the suite of over 100 advanced technical indicators and 40+ charting tools caters to detailed market analysis, making it a robust platform for both novice and seasoned traders aiming for informed and strategic trading decisions.

Research and Education

Empower Your Trading Journey

Moomoo Canada, through its innovative platform moomoo, offers an extensive array of research and educational resources designed to empower traders at all levels. With access to over 200 courses, traders can dive into a broad range of topics, including stocks, options, funds, macro analysis, functional operation, and general investment knowledge. This comprehensive educational suite ensures that beginners can build a solid foundation of financial markets, while advanced traders can refine their strategies and stay ahead of market trends.

Additionally, the platform provides access to real-time market data, analyst ratings, and personalized recommendations, enabling traders to make informed decisions backed by professional insights. This blend of education and cutting-edge research tools positions moomoo Canada as a leader in supporting informed and strategic trading in the financial markets.

Moo Community

Name: Moomoo Canada
Brand: Moomoo Canada

Connect, Learn, and Grow

At moomoo Canada, community is at the heart of everything we do. Our vibrant community platform is designed to keep you connected, informed, and inspired. Whether you’re a seasoned trader or just starting out, you’ll find a wealth of resources and a network of like-minded individuals to help you on your trading journey.

Engage with fellow traders through our lively forums and discussion boards, available 24/7. Share tips, ask questions, and gain insights from traders around the world. Our community events, webinars, and live chats offer real-time learning opportunities, ensuring you stay ahead of the curve.

Moomoo Canada’s community isn’t just about trading—it’s about building a bonding connection with others. From virtual meetups to collaborative challenges, our platform fosters a supportive environment where you can grow and thrive.

Customer Support

Support at Your Fingertips

Moomoo Canada prioritizes customer satisfaction with a comprehensive support system that’s as dynamic as the trading world itself. Traders can reach out via phone calls during trading days between 8:30 AM and 4:30 PM ET, ensuring direct access to assistance during critical trading hours. For those who prefer digital communication, an online inquiry option is available 24/7, catering to the global nature of trading and the diverse schedules of international traders. This blend of personal and digital support channels reflects moomoo Canada’s commitment to providing timely, effective assistance, underlining their dedication to user experience.

Whether it’s a complex trading issue or a simple account question, moomoo Canada’s customer support is designed to offer resolutions efficiently, making trading as seamless as possible for every user.

Account Opening

Seamless Start To Trading

Begin your trading journey with ease.

Registration: Start by registering with your email or phone number instantly, setting the stage for a smooth entry into the world of trading with moomoo Canada.

Verification: The verification process involves filling out basic personal, address, tax, employment, and financial information, along with your investment objectives. Typically, this process takes about 2 days to complete, ensuring all details are accurate and secure.

Document Upload: Essential documents related to the verification information are required to finalize your account setup, ensuring compliance and the safety of your investments.

Dive into the markets with confidence, backed by moomoo Canada’s comprehensive account setup process, designed to get you trading without unnecessary delays.

Deposit and Withdrawals

Swift Financial Movements

Funding and accessing your capital is streamlined for efficiency.

Deposits: Moomoo Canada accepts deposits via Online Bill Payment, EFT (Electronic Funds Transfer), and Wire Transfer, with processing times ranging from 1 to 5 business days depending on the method. The first option is recommended for its speed and absence of fees, facilitating quick and cost-free account funding. Deposit limits vary, providing flexibility for different financial strategies and needs.

Withdrawals: Withdrawal methods mirror those for deposits, ensuring consistency in financial transactions. The processing times are expedient, with the first EFT withdrawal each month free of charge, aligning with traders’ need for accessible funds. Subsequent withdrawals may incur minimal fees, but the first withdrawal each month remains cost-effective.

Navigate your financial transactions with moomoo Canada’s efficient deposit and withdrawal processes, designed for your trading convenience.

Final Thoughts

In the dynamic world of online trading, moomoo Canada, operating under the moomoo platform, distinguishes itself with a blend of competitive fees, comprehensive market data access, and user-friendly trading platforms. Its low-fee structure across US and Canadian stocks and ETFs, coupled with free Level 2 market data, positions it as a strong contender for traders seeking value and depth in their trading tools. While its focus remains on North American markets, the inclusion of extended trading hours and risk-free paper trading broadens its appeal to a range of traders, from novices to professionals.

The streamlined account opening process, coupled with efficient deposit and withdrawal methods, underscores its commitment to user satisfaction. Despite some limitations in account types and market focus, moomoo Canada’s robust educational resources and dedicated customer support make it a compelling choice for traders aiming for a balanced blend of affordability, functionality, and security.

Contact Info

Email: support@ca.moomoo.com

Telephone: 416-849-0915

Company Address:
5140 yonge street Suite 510a toronto on M2N 6L7

FAQs

Question: What markets does Moomoo Canada cover?

Answer: Moomoo Canada primarily offers trading in US and Canadian stocks and ETFs, as well as US options.
Question: Are there any account fees with Moomoo Canada?

Answer: No, Moomoo Canada does not charge any account management fees, making it a cost-effective option for traders.
Question: Can I practice trading without risking money on Moomoo Canada?

Answer: Yes, moomoo Canada offers risk-free paper trading, allowing you to practice trading strategies without financial risk.
Question: Is Moomoo Canada regulated?

Answer: Yes, moomoo Canada is regulated by the Canadian Investment Regulatory Organization (CIRO), ensuring a secure trading environment.