This Moomoo Canada review covers what the broker charges, what its tools cost, which accounts it offers and how it compares with Wealthsimple and Questrade. Moomoo launched in Canada in 2023 and is aimed at active traders of US stocks. This page is general education, not financial advice.
YieldMaple checked Moomoo Canada’s pricing, about, account and welcome-offer pages on October 7, 2026. Every figure on this page comes from those pages or another official source.
Worried about safety? See Is Moomoo safe in Canada?.
Moomoo Canada at a glance
- US stocks and ETFs: US$0.0099 a share, with a US$1.99 minimum per order
- Canadian stocks and ETFs: CA$0.0149 a share, with a CA$1.49 minimum per order
- US options: US$0.65 per contract, with a US$1.00 minimum per order
- Currency exchange: 0% fee, plus an unpublished spread
- Account types: individual margin, individual cash, TFSA, RRSP and spousal RRSP accounts
- Protection: CIPF coverage up to $1 million for each general account
- Parent: an independent brand of Futu Holdings, a Hong Kong-based, Nasdaq-listed financial company
- Regulator: Canadian Investment Regulatory Organization (CIRO)
How much does Moomoo Canada charge per trade?
Moomoo Canada charges US$0.0099 a share, with a US$1.99 minimum per order on US stocks and ETFs, and CA$0.0149 a share, with a CA$1.49 minimum per order on Canadian ones. Trades are cheap, but they are not free.
Each fee has two parts. On US trades it is a commission of US$0.0049 a share (US$0.99 minimum) plus a platform fee of US$0.005 a share (US$1.00 minimum), per order. On Canadian trades it is a commission of $0.0049 a share ($0.49 minimum) plus a platform fee of $0.01 a share ($1.00 minimum), per order. These rates apply to stocks priced at $1 or more.
What that means in dollars
- 100 US shares: the per-share fee works out to US$0.99, which is under the minimum, so the order costs US$1.99.
- 500 US shares: US$4.95.
- One Canadian ETF purchase a month: at the minimum fee, CA$17.88 a year. Wealthsimple charges $0 commission on the same purchases.
Currency exchange
Moomoo’s currency exchange fee is 0% (waived until further notice), but conversions use Moomoo's own exchange rate, which includes a spread Moomoo doesn't publish. Wealthsimple charges 1.5% on US trades from a CAD account, and Questrade charges 1.5% on Canadian-to-US-dollar conversions and back, built into the exchange rate Questrade applies. On a conversion of 5,000 Canadian dollars, a 1.5% fee is $75. Moomoo doesn’t publish its spread, so the saving can’t be worked out exactly, but for traders who convert often this is Moomoo’s clearest cost advantage.
Withdrawals and transfers
Withdrawals are free by EFT (usually 5 business days); $50 by wire (usually 4 business days). RRSP withdrawals cost $50 for a partial RRSP withdrawal and $75 to withdraw the whole RRSP, plus sales tax. Transferring an account to another broker costs $75 for a full transfer out and $50 for a partial one, charged per currency, plus sales tax.
What do Moomoo’s charts and Level 2 data cost?
Moomoo’s charts, screeners, heat maps and paper trading are part of the standard app, and US Level 2 data comes with a 30-day free trial for new users, then free in any 30-day period with 3 or more trades or CA$20,000+ in average assets.
Level 2 quotes
Level 2 shows the order book: bids and asks at several price levels, not only the best bid and ask. Moomoo’s pricing page says its US Level 2 quotes show up to 60 bids and asks. Active traders use that depth to see where liquidity sits and how the spread is forming during the day.
Charts and research
Moomoo’s feature menu lists charts, stock analysis, screeners, a heat map, an earnings calendar, investment themes, an institutional tracker and paper trading. Its pricing page also lists Morningstar ETF ratings, Wall Street analyst ratings and real-time options chains.
Extended hours
US sessions run pre-market from 4:00 to 9:30 a.m. ET and after-hours from 4:00 to 8:00 p.m. ET. Canadian sessions run pre-market from 8:00 to 9:30 a.m. ET and after-hours from 4:15 to 5:00 p.m. ET. That matters to traders who react to earnings and news released outside regular market hours.
Moomoo Engine
Moomoo Engine is the paid membership. It costs $49.90 a month or $499 a year, plus tax, and it is free for 30 days at a time when you hold at least $1,000 in account assets and make at least 10 trades in the trailing 30 days (new accounts also get a 30-day trial). The Cash Sweep rebate on uninvested cash is 6% a year on the first $10,000 of uninvested cash, for Moomoo Engine members only (0% for non-members). Moomoo lists the promotional period as September 3 to December 31, 2026.
Which accounts does Moomoo Canada offer?
Moomoo Canada lists individual margin, individual cash, TFSA, RRSP and spousal RRSP accounts, and corporate accounts are available for partnerships, corporations and sole proprietorships.
There is no FHSA or RESP on that list. Wealthsimple offers TFSA, RRSP, FHSA, RESP, LIRA, RRIF, non-registered (cash and margin), and corporate accounts, so an investor who wants a First Home Savings Account or an education plan needs a second broker alongside Moomoo.
Recurring investing works differently too. Moomoo’s AutoBuy plans buy whole shares only — each AutoBuy purchase is rounded down to the nearest whole share, and it fails if the amount can't buy one share. Wealthsimple offers fractional shares: yes — thousands of Canadian and US stocks and ETFs.
Is Moomoo Canada safe?
Moomoo Financial Canada Inc. is regulated by CIRO and a member of CIPF, the same framework that covers Canada’s other investment dealers.
CIPF protects client property up to $1 million for each general account if a member firm becomes insolvent. It does not cover losses from falling market prices. A TFSA counts as a general account for CIPF purposes, so it shares the $1 million general-account limit.
Moomoo is an independent brand of Futu Holdings, a Hong Kong-based, Nasdaq-listed financial company. Futu reported US$178.4 billion in client assets (Futu's Q2 2026 results, as of June 30, 2026). Moomoo is an order-execution-only dealer that gives no investment advice or recommendations. The Moomoo safety guide goes through the protection rules in detail.
Moomoo Canada vs Wealthsimple and Questrade
| Moomoo Canada | Wealthsimple | Questrade | |
|---|---|---|---|
| Canadian stocks and ETFs | CA$0.0149 a share, with a CA$1.49 minimum per order | $0 | $0 to buy and sell Canadian and U.S.-listed stocks and ETFs |
| US stocks and ETFs | US$0.0099 a share, with a US$1.99 minimum per order | $0 | $0 to buy and sell Canadian and U.S.-listed stocks and ETFs |
| Currency conversion | 0% fee, plus an unpublished spread | 1.5% from a CAD account | 1.5% |
| US options | US$0.65 per contract, with a US$1.00 minimum per order | US$0 per contract | $0 commissions on US equity options contracts |
| CAD margin, smaller balances | 4.45% | available by application; as of Sept 18, 2026 prime is 4.45% (CAD) — Core pays prime + 0.5%, Premium prime + 0%, Generation prime − 0.5% | CAD prime + 4.25% |
| Fractional shares | None listed; AutoBuy is whole shares only | yes — thousands of Canadian and US stocks and ETFs | hundreds of eligible Canadian and US stocks and ETFs, from $1, commission-free, in any self-directed account |
| FHSA and RESP | Neither | Both | Both |
Where Moomoo wins: currency conversion, US Level 2 data and the margin rate on smaller CAD balances. Where it loses: commissions on every order, a shorter account list and no fractional shares.
The Wealthsimple vs Moomoo comparison works through the costs side by side, and the Wealthsimple Trade review and Questrade review cover each rival on its own.
What’s the catch with Moomoo Canada?
The catch is that Moomoo Canada is often described as free, and it isn’t: every stock order costs at least CA$1.49 in Canada or US$1.99 in the US.
Moomoo’s own pricing pages show where the costs are:
- Commission plus platform fee on every stock and ETF order
- Options fees of US$0.65 per contract, with a US$1.00 minimum per order
- Margin interest at 4.45% on smaller CAD balances and 7% on smaller USD balances
- Currency exchange, where the fee is waived but the rate includes a spread Moomoo doesn’t publish
- Moomoo Engine, at $49.90 a month or $499 a year, plus tax for members who don’t meet the free-access conditions
Two design points are worth knowing before opening an account. The app is built around active trading, with real-time market data and a community feed, which may not suit investors who want a simple buy-and-hold app. And frequent trading raises costs at any broker that charges per order.
Who is Moomoo Canada a fit for?
Moomoo Canada fits active traders of US stocks and options who convert currency often and want Level 2 quotes, with per-order costs of at least US$1.99 on US trades.
Moomoo Canada fits if:
- Most of your trading is in US stocks or US options
- You convert between CAD and USD often and want a fee of 0% fee, plus an unpublished spread
- You use Level 2 quotes, screeners and extended-hours sessions
- You borrow on margin and compare rates
It’s a weaker fit if:
- You make small monthly ETF purchases, where a $0-commission broker costs less
- You need an FHSA or RESP at the same broker
- You want fractional shares
- You prefer a quiet, simple app
Some investors use two brokers: a commission-free one for registered, buy-and-hold accounts, and Moomoo for active US trading. Each is a separate CIPF member firm, and TFSA and RRSP contribution room is shared across both.
Editorial pick
Moomoo Canada
Moomoo’s welcome page, checked October 7, 2026, advertises: deposit $100, get $200 back, plus up to 30 free stocks. The Moomoo Canada referral code page tracks the offer and its conditions.
Related guides
- Wealthsimple Trade review: the commission-free alternative
- Questrade review: another broker for active investors
- Best brokerage for day trading in Canada: how the active-trading platforms compare
- Best brokerage for options in Canada: options fees across brokers
- Canadian brokerage comparison: the full broker landscape