trade execution may be affected by factors such as market volatility. Moomoo's fees are great, as you can trade US stocks, ETFs and options with zero commission. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC). app. An investment advisor registered with and regulated by the U.S. Securities and Exchange Commission (SEC) Users can also choose from a variety of pre-built portfolios offered for free. If you want to withdraw, that deposit has to sit in the account another 5 business days (plus a 3 day settlement time if you bought and sold stocks). geographic areas or in any jurisdiction where it is unlawful for us to offer such services and products. How To Withdraw Your Money From MooMoo - YouTube We tested it on iOS. Past performance should not be viewed as an indicator of future results. Whatever the case, its a good practice to move your portfolio into another investing venue rather than putting it in a traditional bank where it will earn significantly lower interest. Deposit any amount into your Moomoo account and you'll get an additional free stock worth $9 - $3,500. If you would like to close your account, just follow the steps: You can start over with a new account once your account is closed. At moomoo, the only available currency is USD. This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with. Enter your email address and set a unique password. Have a question about Moomoo or need help navigating the platform? In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). methodology, $0.0000207 * transaction amount, min $0.01 / transaction, $0.055 / contract (0-999 contracts),$55.00 / trade (>999 contracts), Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Compensation in case of broker bankruptcy (terms apply), Domestic wire deposits cost $8 unless it's your first deposit or you deposit more than $25,000, International wire deposits cost $25 unless it's your first deposit or you deposit more than $25,000, Click 'Sign Up' on the left side of the welcome screen or 'Open Account' in the top right corner of the page, Type your email address and password and click 'Sign Up', Drag the slider to complete the puzzle (to verify you're not a robot), Click 'Account' or the cow icon in the top right corner, then "Open Account', Enter your Social Security Number, valid US address and employment status (if applicable), then click 'Next', Click 'Send' and you will receive a verification code, Copy the verification code from your email and click 'Verify', Enter your phone number and click 'Continue', Fill in your personal information and answer questions regarding your employment status and financials, Open the menu on the left side of the platform at the bottom, fundamental data about the selected company on the right, how you are protected if something goes wrong. First, let's go over some basic terms related to broker fees.