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Brokerage Account Review📡 Best Free Level 2 Data

moomoo

Moomoo Financial

Stock trades $0. Technical traders, intermediate investors, extended-hours traders.

At a Glance

Stock Trades

$0

Options Trades

$0/contract (equity options); $0.50/contract for index options

Min. Deposit

$0

Research Tools

Advanced

Fractional Shares

Yes

Crypto Trading

Yes

Rates & Fees

Stock Trades

$0

Options Trades

$0/contract (equity options); $0.50/contract for index options

Min. Deposit

$0

Account/Inactivity Fee

None

Full Transfer-Out Fee

$75 for a full account transfer, per moomoo's fee schedule

Key Features

Free Level 2 quotes for all users — costs $30+/mo elsewhere

Extended trading hours 4 AM–8 PM ET

AI-powered news sentiment analysis and earnings predictions

Cash sweep: up to 8.1% APY on uninvested cash

Pros & Cons

Pros

  • Best free Level 2 market data of any commission-free broker
  • Lowest options fee ($0.50/contract)
  • AI charting and sentiment tools
  • Extended hours trading

Tradeoffs

  • Futu Holdings parent company is China-based (some investor concerns)
  • Smaller ETF selection vs Fidelity/Schwab
  • Newer platform with less track record in US

Best for: Technical traders, intermediate investors, extended-hours traders

How to Apply

Decide which account type fits your goal — Moomoo Financial offers Individual, Joint, Roth IRA, and more.

Have your Social Security number, employment information, and a funding source (bank account or transfer) ready.

Open the account directly on Moomoo Financial's site or app; identity verification is required by federal law for all brokerages.

Fund the account with any amount — this broker has no minimum deposit requirement.

Review commission schedules and any account fees before placing your first trade.

How It Compares

Current product highlighted
ProductStock TradesOptions TradesMin. Deposit
moomoo$0$0/contract (equity options); $0.50/contract for index options$0
Fidelity Investments$0$0.65/contract$0
Charles Schwab$0$0.65/contract$0
E*TRADE$0$0.65/contract ($0.50 for 30+ trades/qtr)$0

Frequently Asked Questions

Does Moomoo Financial charge fees to trade stocks?

Moomoo Financial's stock trade commission is "$0." Options trades are priced at $0/contract (equity options); $0.50/contract for index options, and other fees (like broker-assisted trades or account transfers) can still apply.

What's the minimum deposit for Moomoo Financial?

Moomoo Financial doesn't require a minimum deposit to open an account, so you can start with any amount.

Can I trade fractional shares and crypto with Moomoo Financial?

Moomoo Financial supports fractional shares, and does offer direct crypto trading.

Are there any ongoing or account-closing fees with Moomoo Financial?

Account/inactivity fee: None. Fee to transfer your full account to another broker: $75 for a full account transfer, per moomoo's fee schedule. Transfer-out fees are common industry-wide and are charged by the broker you're leaving, not the one you're moving to.

How does Moomoo Financial compare to other brokerages?

See the "How It Compares" table on this page for a few close alternatives side by side, or browse the full list of brokerage accounts to compare commissions, minimums, and platform features.

Other Brokerage Accounts

Fidelity Investments

Stock trades: $0

Charles Schwab

Stock trades: $0

E*TRADE

Stock trades: $0

Fees and features shown are illustrative as of 2026 and subject to change — always confirm current terms directly with the broker before opening an account.

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