Moomoo Pricing Explained: All Plans, Costs & Fees (2026)

Moomoo Pricing Overview

Moomoo is a commission-free brokerage that charges $0 per month with no hidden account fees. Founded in 2018 and headquartered in Palo Alto, California, Moomoo has built its reputation on eliminating trading commissions entirely—a significant shift from traditional brokerages that charge per trade. With a 4.2/5 rating on TradingToolsHub, Moomoo appeals primarily to active day traders, options traders, and beginners who want professional-grade tools without the cost barrier.

The core value proposition is straightforward: zero commissions on stocks, ETFs, and equity options contracts, paired with premium features like free Level 2 data, paper trading, and real-time options flow data. For traders prioritizing cost, Moomoo removes the most obvious expense. However, "free" doesn't mean there are no costs—margin rates, transfer fees, and feature limitations exist alongside the headline price of $0/month.

All Moomoo Plans Compared

Moomoo offers two pricing tiers, both at the same $0/month entry point:

Plan	Monthly Cost	Key Features
Free Plan	$0	Commission-free trading (stocks, ETFs, options), paper trading, basic charting, social features, market news
Cash Sweep Promo (New Accounts)	$0	All Free Plan features + bonus cash incentive for qualifying new accounts

Since both tiers are $0/month, the difference between them is minimal. The Cash Sweep Promo is a promotional offer for new account holders that provides a cash incentive, making the effective cost negative during the promotional period. Beyond this, all Moomoo users access the same core platform, trading tools, and market data included at no cost.

There is no paid tier or premium subscription on Moomoo. This is a defining feature—unlike competitors that offer tiered subscriptions (e.g., basic, pro, premium), Moomoo delivers all features to every user at $0/month. This creates a unique value equation: active traders get Level 2 data, unusual options activity tracking, and 63+ technical indicators without paying for a "pro" plan.

Free Plan / Free Trial

Moomoo's "free plan" is the entire offering. Every account holder gets the same set of features at $0/month—there is no trial period or feature gatekeeping. Users can:

• Trade stocks, ETFs, and options with zero commissions
• Access NASDAQ TotalView Level 2 data (up to 60 price levels) with a minimum $100 account balance
• Use the paper trading simulator with $1 million in virtual funds and live market data
• Access 63+ technical indicators and 38 drawing tools
• Track unusual options activity and real-time options flow at no cost
• Use AI-powered analysis tools and performance analytics

The paper trading feature is particularly valuable for beginners. It requires no account funding or deposit and uses live market data, making it a legitimate way to learn without financial risk before moving to real trading.

Is the free tier worth starting with? Yes, for specific trader types. Beginners benefit from accessing professional tools at zero cost before committing capital. Active options traders gain immediate access to unusual activity data without a paywall. However, the lack of API access, fractional shares, and forex trading limits Moomoo for certain strategies, and the slow customer support (a consistent complaint) can frustrate users when issues arise.

Hidden Costs and Fees

While Moomoo charges $0 for trading commissions and account maintenance, several hidden costs exist:

• Margin Interest Rate: 6.8% flat — Not competitive with Interactive Brokers (~4.5%) or other discount margin leaders. For traders using margin regularly, this compounds into meaningful costs.
• Account Transfer-Out Fee: $75 — One of the higher flat fees in the industry. If you move your account to another broker, expect to pay $75 to Moomoo.
• Wire Transfer Fees: May apply — While not explicitly detailed, standard wire-out fees may apply depending on withdrawal method.
• Inactivity Fees: None documented — Moomoo does not charge inactivity fees, a plus for casual traders.
• No Forex Trading or Fractional Shares — While not direct fees, limiting features means you may need a secondary broker, increasing total costs across platforms.

The 6.8% margin rate is the most material hidden cost. A trader carrying a $10,000 margin balance would pay roughly $680 annually in interest—equivalent to hundreds of stock trades in commission at traditional brokers. For day traders leveraging margin, this effectively subsidizes Moomoo's free-trading model.

Moomoo Pricing vs Competitors

Moomoo's $0/month, commission-free model is now table stakes among discount brokers. Here's how it compares:

Broker	Stock Commissions	Options Fees	Margin Rate (approx.)
Moomoo	$0	$0 per contract	6.8% (flat)
Interactive Brokers	$0	$0.65 per contract	~4.5% (tiered)
Webull	$0	$0 per contract	~5.5% (approx.)
Fidelity	$0	$0 per contract	~6.5% (tiered)

Where Moomoo wins: Zero per-contract options fees match Webull and beat Interactive Brokers. Free Level 2 data (requiring only a $100 balance) is unusually generous. The paper trading simulator requires no deposit and uses live data—most competitors charge for advanced simulators or gate them behind account minimums.

Where competitors win: Interactive Brokers' tiered margin rates start lower (~4.5%), saving active margin traders money over time. Fidelity and TD Ameritrade offer superior customer support and broader product access (Fidelity has fixed-income, forex, and advisor services). Webull matches Moomoo on options costs but typically has faster customer support.

The verdict: For options-heavy traders and active day traders, Moomoo's combination of $0 stock + options commissions and free Level 2 data creates the best price structure. For margin traders or those needing comprehensive support, Interactive Brokers' lower margin rates and stronger infrastructure justify higher per-contract costs.

Is Moomoo Worth the Price?

At $0/month, Moomoo is worth starting with for specific trader profiles:

Best fit: Active options traders, day traders using Level 2 data, technical analysts, beginners learning with paper trading, traders tracking unusual options activity. For these groups, Moomoo delivers genuinely premium tools (Level 2, 63+ indicators, options flow) at zero cost—a compelling value.

Worth considering for: Retail traders making <20 trades/month across stocks and options. The $0 commission structure provides marginal benefit over competitors, but other factors (customer support, ecosystem) may matter more.

Not ideal for: Margin traders (6.8% rate is expensive), forex traders, those needing API access, frequent account switchers (the $75 transfer fee stings), and traders expecting responsive customer support (slow response times are documented).

The real cost is opportunity cost. Moomoo's weak customer support and lack of advanced features (no API, no forex, no fractional shares) may force active traders to maintain secondary accounts elsewhere. The $75 transfer fee also discourages switching if Moomoo's limitations become apparent.

How to Save on Moomoo

Since Moomoo is already $0/month, traditional cost-saving strategies don't apply. Instead, maximize value:

• Use the Cash Sweep Promo: New accounts qualify for promotional cash deposits—typically $100-$500 depending on deposit size. This effectively funds your first trades at negative cost.
• Avoid Margin: The 6.8% rate is expensive. Trading on cash eliminates the largest hidden cost. If you need leverage, use options (also $0 per contract) instead.
• Leverage Paper Trading First: Use the $1M paper account with live data to validate strategies before risking real capital. This avoids costly trial-and-error on live money.
• Avoid Account Transfers: The $75 out-fee is one of the industry's highest. If considering switching, factor this cost into the decision. Stay unless the benefit exceeds $75 in annual savings elsewhere.
• Meet the $100 Level 2 Minimum: Free Level 2 data requires only a $100 balance. If you're serious about day trading or options, this is a must-hit threshold that unlocks data many competitors charge $50+ annually for.

The biggest "discount" is the promotional cash offered to new accounts. Moomoo regularly runs incentives for new users who meet deposit minimums—effectively giving you free trading capital to start with.

Bottom Line: Moomoo's $0/month pricing is genuine, but it comes with real tradeoffs: weak support, expensive margin, and missing features. It's best suited for self-sufficient traders—those who research independently, prefer active trading over long-term investing, and can live without forex and fractional share access. For them, the pricing is unbeatable. For others, competitors may offer better total value despite similar headline prices.