Search

moomoo Review

​Our review of moomoo looks into the shares, ETFs, options and futures investing platform gaining interest amongst New Zealanders looking to invest in the US, Australia and Hong Kong markets.
Updated 12 February 2026
moomoo Background:
  • moomoo is the consumer-facing trading platform of Futu Holdings Limited (Nasdaq: FUTU), a Hong Kong-based fintech company founded in 2012 by Leaf Hua Li, a former Tencent engineer.
  • Futu listed on the Nasdaq on 8 March 2019, raising US$90 million in its initial public offering. As of February 2026, Futu Holdings has a market capitalisation of approximately US$21.7 billion, making it one of the largest publicly listed online brokerages globally. Futu's largest institutional investor is Tencent, one of the world's biggest technology companies. 
  • moomoo operates through licensed subsidiaries in Hong Kong, the United States, Singapore, Australia, Canada, Japan, Malaysia and New Zealand, holding over 100 regulatory licences and qualifications worldwide. The company employs over 2,000 R&D personnel (approximately 65% of its total workforce).
  • With over 28 million registered users globally, moomoo has established itself as a serious challenger to established platforms in every market it operates in.
  • moomoo expanded into New Zealand in May 2025, offering over 26,000 global investment products from launch.
  • In New Zealand, financial services are provided by Moomoo Securities Australia Ltd (NZBN: 9429052402296), trading as Moomoo NZ, which is registered on the Financial Service Providers Register (FSP1008656). The platform is available as an iOS or Android mobile app and as a desktop application.
  • The URL for moomoo NZ is www.moomoo.com/nz

moomoo Summary
  • moomoo is a low-cost, feature-rich broker that has quickly positioned itself as one of New Zealand's most competitive options for international share trading. The platform charges US$0.99 per trade on US shares (excluding pass-through fees), with no FX fee when converting NZD to USD, USD to AUD or NZD to HKD – a significant advantage over competitors like Hatch, Sharesies, Stake and Tiger Brokers, which charge FX conversion fees on every trade.
  • moomoo provides access to US, Australian and Hong Kong stock markets, covering the NYSE, Nasdaq, AMEX, ASX and HKEX. With over 26,000 stocks and ETFs available, plus fractional shares trading, the platform is designed for both beginner and experienced investors.
  • moomoo also offers free Level 2 US market data with 60 levels of market depth – a feature that is typically a paid add-on with other platforms.
  • Beyond shares and ETFs, moomoo offers derivatives trading, including US and HK stock options, futures contracts from the CME, CBOE and HKEX, and warrants and callable bull/bear contracts (CBBCs) listed on HKEX. The platform also supports recurring investments (auto-invest) for both US and Australian shares, making it easy to build a portfolio through regular, automated contributions.
  • One of moomoo's standout features is its 24/5 extended trading hours, allowing New Zealand investors to trade over 9,500 US stocks outside of regular market hours – something most competing platforms don't offer.

Important: Investing with moomoo includes the opportunity to trade exotic securities that have unique risks
  1. moomoo offers various products with different risk profiles. Investors who use the platform need to be aware of the risk of derivatives products that are offered.
  2. Investing in stocks and shares is generally considered a medium risk, and investing in ETFs is a low-to-medium risk. Naturally, it depends on the company or ETF you’re buying into.
  3. Other products offered, such as options and futures are considered high-risk products. Before you start investing or trading, we suggest reading our guide to investing, how to invest in shares, options trading in New Zealand, futures trading in New Zealand, how to invest in ETFs and Shares vs ETFs.

Our guide covers:
​​Disclaimer: This review of moomoo is intended for informational purposes only and does not constitute financial advice or an endorsement of the platform. While we have provided an overview of the platform's offerings and current promotions, we encourage readers to conduct their own research and seek independent financial advice before making any investment decisions.

In the interests of full transparency, MoneyHub has a financial relationship with moomoo for promotional purposes. This does not influence our analysis or opinions. As with any investing app, investing in shares, ETFs, options, and futures carries risks, and past performance is not indicative of future results.

moomoo in New Zealand and Australia - Financial Regulation, Registrations and a History of the Company's Origins

In the interests of full transparency and to give you comfort about where any investment money is going, we outline the corporate structure and regulatory registrations of moomoo below:

New Zealand operations:
Australian operations:
  • Moomoo Securities Australia Ltd (ABN 51 095 920 648) holds an Australian Financial Services Licence (AFSL No. 224663), regulated by the Australian Securities and Investments Commission (ASIC).
  • Australian client funds are held in segregated client money trust accounts with CBA and HSBC, fully separated from moomoo's own funds.
  • The AFSL licence (No. 224663) was originally established in 1986, well before the inception of Futu Holdings, and was subsequently acquired by the group to accelerate its entry into the Australian market.

Client asset protection:
  • In New Zealand, moomoo states that client funds are held in designated client money trust accounts with JP Morgan Chase Bank, fully segregated from moomoo's own funds.
  • For US share trading, client assets are held under a custodian arrangement with Futu Clearing Inc., a US broker-dealer and clearing firm registered with the SEC and FINRA, and a fully owned subsidiary of Futu Holdings.
  • Australian shares held through moomoo are CHESS-sponsored, meaning they are registered directly in the client's name on the ASX's Clearing House Electronic Subregister System (CHESS), providing an additional layer of ownership protection.
  • Moomoo Financial Inc. (the US entity) is a member of the Securities Investor Protection Corporation (SIPC), which protects US securities for up to US$500,000 and an additional US$250,000 for cash holdings.

Parent company:
  • Futu Holdings Limited is the ultimate parent company. It is incorporated in the Cayman Islands and listed on the Nasdaq (ticker: FUTU). As with many international holding companies, being listed on a US exchange does not require incorporation in the United States.
  • Futu Holdings is headquartered in Admiralty, Hong Kong, and was founded in 2012.​

moomoo's Corporate Overview

moomoo operates through a network of licensed subsidiaries around the world. Futu Holdings' authorised or registered subsidiaries engaged in financial services include:
  • Hong Kong: Futu Securities International (Hong Kong) Limited holds 20 licences from the Securities and Futures Commission (SFC), including Type 1 (Dealing in Securities), Type 2 (Dealing in Futures Contracts), Type 4 (Advising on Securities), Type 7 (Providing Automated Trading Services) and Type 9 (Asset Management), among others. Futu HK is a participant of the SEHK, a Direct Clearing Participant of HKSCC, and a China Connect Exchange Participant.
  • United States: Moomoo Financial Inc. is registered with the SEC (CRD: 283078) and is a member of FINRA and SIPC. Futu Clearing Inc. is separately registered with the SEC (CRD: 298769) as a broker-dealer and clearing firm, and is a member of DTC, NSCC and OCC.
  • Singapore: Moomoo Financial Singapore Pte. Ltd. holds a Capital Markets Services Licence (No. CMS101000) from the Monetary Authority of Singapore (MAS) with Exempt Financial Adviser status. It is a Trading and Clearing Member of SGX-ST, SGX-DT and a Clearing Member of CDP.
  • Australia and New Zealand: Moomoo Securities Australia Ltd holds AFSL No. 224663 (regulated by ASIC) and is registered in New Zealand as an overseas company on the FSPR (FSP1008656).
  • Canada: Moomoo Financial Canada Inc. is a dealer member of the Canadian Investment Regulatory Organization (CIRO) and Canadian Investor Protection Fund (CIPF).
  • Japan: Moomoo Securities Japan Co., Ltd. holds the Financial Instruments Business Operators Licence (FIBOs), with memberships in the Japan Securities Dealers Association (JSDA) and Japan Investment Advisers Association (JIAA).
  • Malaysia: Moomoo Securities Malaysia Sdn. Bhd. holds a Capital Markets Services License (No. eCMSL/A0397/2024) regulated by the Securities Commission Malaysia.

moomoo's Trading Platform Features

moomoo offers an aesthetically-pleasing user experience; the interface is modern, intuitive and straightforward. In terms of functions and information, the platform has a lot to offer:
  • Each product listed has associated fundamental data and related news, a range of technical analysis indicators and portfolio analysis tools.
  • It offers pre-market and post-market trading for US markets. The platform allows limit orders to be placed 5.5 hours before the market opens, and 4 hours after the market closes.
  • Multiple order types are available – limit orders, market orders, stop-limit orders, stop-loss orders, and conditional orders. With live-market data and multiple order types available, moomoo gives you many tools to hedge trades and reduce risk. This compares favourably to other platforms like Hatch and Sharesies which offer delayed market data.

moomoo's Markets and Products

moomoo offers various trading instruments from several markets. Here is an overview of the products available to New Zealand investors:
Market
US
Hong Kong
Australia
Product
Market Order, Limit Order, Stop Loss Order, Stop Limit Order, Conditional Order, Attached orders, OCA (One-Cancels-All) order and Trailing stop order
Stocks, ETFs, Warrants, Stock Options, CBBCs, Futures
Stocks, ETFs
They have a full offering of order types from Market Order, Limit Order, Stop Loss Order, Stop limit Order, & Conditional Order. They can be valid for the day (unfilled orders will be automatically cancelled at close of trading) or GTC (Good- Till- Cancelled) – the order will be valid until it is filled or cancelled up to 90-days.
1. Stocks and ETFs
Stocks and exchange-traded funds are core products provided by moomoo, where the company is highly competitive in the international market; we’ve prepared a simple comparison table in the next section to illustrate the competitiveness of moomoo's fee structure. Moomoo allows clients to trade lists stocks and ETFs from the following exchanges:
  • New York Stock Exchange (NYSE)
  • Nasdaq Stock Market (NASDAQ)
  • American Stock Exchange (AMEX)
  • Australian Securities Exchange (ASX)
  • Hong Kong Exchange (HKEx)
2. Futures
You can find futures contracts from the following exchanges listed on moomoo's platform:
  • Chicago Mercantile Exchange Group Inc. (CME)
  • Chicago Board Options Exchange (CBOE)
  • Hong Kong Exchanges and Clearing Limited (HKEX)

The assets available to trade are:
  • Index futures (E-mini Dow Jones, China A50 Index, Hang Seng Index and 13 more)
  • Treasury futures (30-YR T-BOND and 3 more)
  • Metal futures (Gold, Silver, Iron Ore and 6 more)
  • Energy futures (Light Crude Oil, Natural Gas and 5 more)
  • Forex futures (Australian dollar, New Zealand dollar and more) 
  • Agriculture futures (Live Cattle, Rice and 11 more)
  • Equity futures (Tencent and two companies from HKEX)
  • Bitcoin futures (CME Bitcoin)

​Futures contracts are great for investors that are speculative or looking to hedge or manage risk. For an investor with good intuition and judgement, they can trade 10 times their cash balance on margin and look for higher returns, alternatively, a company can hedge commodity risk or forex risk by locking in the price of these assets into the future.
3. Other listed derivatives 
Besides futures contracts, moomoo offers US and HK stock options and warrants and CBBCs (callable bull/bear contracts) listed on HKEX. The structure of these products are highly complex and are only suitable for experienced investors who thoroughly understand the characteristics of these contracts.

An option is a contract giving the buyer the right, but not the obligation to buy or sell an underlying asset in the future, defined by an expiry date. The option buyer pays a premium to the seller for the right to decide. If the option expires in-the-money, the seller is obligated to either deliver the underlying asset or settle the difference in cash. If the option contract expires out-of-the-money, the buyer will not want to buy the underlying asset above market value or sell below market value, so they do not exercise their right to buy or sell. Therefore, the option seller keeps the premium as their profit.

Although options contracts are classified as a more risky or dangerous asset class, this is not necessarily true. To an investor that understands options, these contracts can be very cost-effective, have the potential to offer greater returns and can offer strategic investment strategies. Find out more about options trading here.
4. Recurring Investments (Auto-Invest)
moomoo offers a recurring investment feature that allows you to set up automatic, regular investments in US and Australian shares and ETFs. This is a dollar-cost averaging tool designed to help you build your portfolio over time without needing to manually place trades.

US Recurring Investments
  • Minimum investment: US$10 per contribution
  • Brokerage fee: US$0.99 per trade, or 0.99% of the transaction amount, whichever is less
  • Frequency options: Daily, weekly, biweekly or monthly
  • How it works: Moomoo uses fractional shares trading to invest your chosen amount into selected US stocks or ETFs. Once your plan is set up, the system automatically places a market order at around 10:30 AM Eastern Time on your scheduled investment day. If the scheduled day falls on a non-trading day, the order is placed on the next available trading day.
  • You can adjust, pause or stop your plan at any time. If your account has insufficient funds for three consecutive investment attempts, the plan will be automatically terminated.

Australian Recurring Investments
  • Minimum investment: A$50 per contribution
  • Monthly fee: A$9.90 per plan per month (GST inclusive) – this is an all-in fee covering brokerage
  • Frequency options: Biweekly or monthly
  • How it works: The system places a limit order at around 10:30 AM AEST on your scheduled date. The A$9.90 monthly fee is deducted after the first successful investment of the month, with no additional brokerage charges for subsequent investments within that month.
  • Notes: Available for both CHESS-sponsored accounts and custodian accounts. Standard brokerage fees apply when you sell positions that were opened through a recurring investment plan.

Why consider recurring investments?
  • Recurring investments use dollar-cost averaging, which means you invest a fixed amount at regular intervals regardless of market conditions. When share prices are lower, your fixed amount buys more shares; when prices are higher, it buys fewer.
  • Over time, this can reduce the impact of short-term market volatility on your portfolio and remove the pressure of trying to time the market. For investors who want a hands-off, long-term approach to building wealth, this feature is worth considering. Our guide to dollar-cost averaging has more details.
5. Fractional Shares
moomoo supports fractional shares for US stocks, allowing investors to buy into companies like Apple, Microsoft or Tesla from as little as US$10 without needing to purchase a whole share. This lowers the barrier to entry significantly compared to platforms like Hatch and Tiger Brokers, where you need enough capital to buy at least one full share. Combined with recurring investments, fractional shares make it possible to build a diversified US portfolio on a modest budget.

Key Features and Highlights of moomoo

Our view is simple - moomoo stands out in the crowded New Zealand investment platform market with its comprehensive suite of innovative features catering to beginner and experienced investors. Since MoneyHub first reviewed investing platforms in 2018, we have not seen any service and price innovation as much as moomoo.

Here's how it compares to platforms like Tiger Brokers, Sharesies, Stake and Hatch:
  1. Global Market Access: moomoo offers single account access to three major global markets, the U.S., Australia and Hong Kong. This contrasts with platforms like Stake and Hatch, which have a singular U.S. focus.
  2. Diverse Financial Products: Beyond stocks and ETFs, moomoo, alongside Tiger Brokers, provides access to a wide range of financial products such as REITs, options, and global futures. This diversification enables investors to build more robust and varied portfolios, which Hatch, Stake and Sharesies don't offer to the same extent.
  3. Cost-Effective Trading: moomoo delivers exceptional value with US$0.99 per trade fees on US share trades (excluding pass-through fees and other service fees) and A$4.99 per trade for Australian share trades (or 0.05% of transaction value, GST inclusive, whichever value is greater). Hong Kong trades cost HK$3 per trade, or 0.03% of the transaction value, whichever value is greater, up to a maximum flat fee of HK$15. This highly competitive cost structure offers more affordability than the standard fees of Stake, Hatch and Sharesies, and leads at a per-trade cost against Tiger Brokers.
  4. 24/5 Access to Global Markets: moomoo uniquely offers “24-hour” trading access five days a week, allowing investors to trade U.S. stocks even after the traditional market closes. With over 9,500 US stocks available for “24-hour”  trading, users can seize opportunities in the U.S. market regardless of their time zone.
  5. Community and Support: moomoo offers phone, chat and email support - on ​trading days it's available 24 hours, and on non-trading days it's available 9:30 - 21:30 NZT. 

Who is moomoo best suited for – and what are the limitations?

1) moomoo is arguably best suited for New Zealand investors who want low-cost access to international markets, particularly the US. If you're regularly buying US shares or ETFs and you're frustrated by the FX fees charged by Hatch, Sharesies or Stake, moomoo's zero-fee NZD-to-USD conversion is a genuine game-changer – on a $5,000 investment, that alone could save you $25 to $50 compared to other platforms.

2) The recurring investment feature also makes it a strong option for investors who want to dollar-cost average into US shares without thinking about it.

3) Experienced investors who want derivatives exposure – options, futures, warrants – will also find moomoo appealing, alongside Tiger Brokers, as one of the only platforms in New Zealand offering these products.

That said, moomoo isn't for everyone, and there are some facts to be aware of:
  1. moomoo does not offer NZX shares: If you want to invest in New Zealand-listed companies like Fisher & Paykel Healthcare, Mainfreight or Auckland Airport, you'll need a separate platform. For many New Zealand investors, a domestic portfolio is a core part of their investment strategy, and moomoo can't help with that.
  2. There is no NZD-denominated investing: While deposits and withdrawals are free in NZD, you need to manually convert your funds into USD, AUD or HKD before you can trade. This adds a step that platforms like Sharesies handle automatically, and it means your portfolio value will always fluctuate with exchange rate movements on top of market performance.
  3. moomoo is relatively new in New Zealand, having launched in May 2025: While the platform is backed by a Nasdaq-listed parent company with a strong track record in other markets, it doesn't yet have the years of local presence that platforms like Sharesies or Hatch have built up.
  4. The platform's depth can be overwhelming for true beginners. moomoo packs in a lot - 60 levels of market depth, technical analysis tools, options chains, futures – and while that's a strength for experienced investors, someone making their first-ever share purchase might find Sharesies or Hatch more approachable as a starting point.
  5. Customer support is routed through the Australian operation. While moomoo offers a New Zealand toll-free number (0800 886 800) and 24-hour support on trading days, moomoo is still building up its New Zealand-based operation.

moomoo's Trading Fees

When it comes to trading shares, moomoo is very competitive, and the fees are transparent. The broker describes fees clearly and highlights the fees they charge and the fees charged by the underlying exchange and other involved parties. The fees are best explained in the tables below for US and Australian investing:

US Shares - moomoo vs Tiger Brokers (NZ) vs Sharesies vs Hatch vs Stake vs Invest Direct vs ASB Securities

  • Our table below reflects the differences between trading platforms when buying US$1,500 shares (for example, around 7 Apple shares, or 3 Microsoft shares)
  • All fees and costs are in USD
  • Some platforms call their brokerage fee a 'transaction' fee or similar, but for the purposes of our comparison, we have kept the column's title consistent.
Investment Platform
Brokerage fee
FX fee NZD:USD
Pass-through fees / Agency fee
Total Cost ​
moomoo
US$0.99 per trade (does not include Pass-through fees and other service fees)
0.00% (no fee to buy USD, but there is a 0.15% fee to convert USD to NZD)
$0.003 per share
Around $1 to buy
(and around $3.25 to sell, including FX and brokerage fees)​
Tiger Brokers (NZ)
Minimum $2 per order
(flat fee to buy or sell up to 200 shares and USD 0.01 for every additional share after that per transaction)
0.35%
​$0.003 per share​
$7.25
Hatch
$0.01 per share
minimum $3 per order
0.50%
 nil ​
  $10.50 ​
Sharesies
1.9% up to a cap of $5
0.50%
 nil ​
$12.50
Stake
$3
1.00%
nil
$18.00 ​
ASB Securities
0.60% (minimum of US$50 per trade plus agency fee)
Not disclosed
0.40%
minimum $40 per order
At least $90.00
Invest Direct
Greater of $69.50 or 0.60% for approved NYSE and NASDAQ Listed Securities
Up to 1.50% (the current margin applied is 0.89% as at 5 May 2023 per their guidance)
nil
$82.85

Australian Shares - moomoo vs Tiger Brokers vs Sharesies vs Invest Direct vs ASB Securities

  • Our table below reflects the differences between trading platforms when buying $1,500 shares (for example, around 160 Qantas shares, or 30 Xero shares)
  • All fees and costs are in AUD
  • Some platforms call their brokerage fee a 'transaction' fee or similar, but for the purposes of our comparison, we have kept the column's title consistent.
Investment Platform
Brokerage fee
FX fee NZD:AUD
Pass-through fees / Agency fee
Total Cost ​
moomoo
$4.99

(0.05% X transaction amount, with a minimum $4.99/order)
0.00% (no fee to buy USD, but there is a 0.32% fee to convert AUD to NZD)
nil
To buy:
$4.99, comprised of:
$4.99 (Brokerage) and $0 (FX)

To sell:
$9.79, comprised of:
$4.99 (Brokerage) and $4.80 (FX)
Tiger Brokers (NZ)
$0.025% X trade value (minimum $5 per order)
0.35%
0.03% X Trade Value
$10.70, comprised of:
$5 (Brokerage)
$5.25 (FX)
$0.45 (Pass-Through)
Sharesies
1.9% up to a cap of $15
0.50%
 nil ​
 $22.50 ​
Invest Direct
$29.00 (trade value up to $30,000)
Up to 1.50% (the current margin applied is 0.89% as at 5 May 2023 per their guidance)
 nil ​
$42.35
ASB Securities
$15 (up to and including $1,000)
$30 ($1,000 to $10,000)
0.30% (over $10,000)
Not disclosed
0.40%
minimum $40 per order
At least $70

How to get started with moomoo

Signing up online:
  1. You can open a moomoo account either from the company’s website LINK or from the mobile trading app.
  2. During the registration process, you’ll be asked a series of questions about your identity, where you live, your employment status, investment experience, and your financial circumstances. This information is required for AML and KYC government regulation purposes.
  3. You will be required to upload your personal ID, proof of address, and provide your signature. To ensure a seamless process, and an instant account opening, we suggest having the required documents on hand before starting this process.
  4. Once you’ve provided all this information, you will be asked to agree to the privacy policy and terms and conditions.

Funding your moomoo (NZ) account 
  • Once your trading account is created, the next step is to deposit funds. moomoo offers TBC methods of funding your account. These methods are TBC.
  • Using a bank transfer will generally take up to 1-3 days for your deposit to reach your moomoo account.
  • Alternatively, you can deposit funds using multiple currencies to fund your account.

moomoo - Safety and Security

We asked moomoo to comment on their safety and security of client assets. These are their responses:

Client money is strictly monitored
  • moomoo's website makes it clear on this point - "your funds are held in designated client money trust accounts with JP Morgan Chase Bank and are fully segregated from moomoo's own funds".

Strict segregation of client assets
  • Client funds are held in segregated trust accounts with JP Morgan Chase Bank, fully separate from moomoo's own funds.
  • Australian shares are held under CHESS sponsorship, under the investors’ unique Holder Identification Number (HIN. US assets are held under a custodian arrangement with Futu Clearing Inc., a fully owned subsidiary of Futu Holdings (NASDAQ: FUTU).
  • Hong Kong shares are held via Futu Securities International (Hong Kong) Ltd.

Custody under strict review
  • ASX holdings are protected via CHESS sponsorship. moomoo NZ is operated by moomoo Securities Australia Ltd.

Our Verdict on moomoo

moomoo is, quite simply, the cheapest way for New Zealanders to invest in US shares right now.
  • At US$0.99 per trade with zero FX fees when converting NZD to USD, no platform in New Zealand comes close on cost – and we've compared them all.
  • For context, a $5,000 US share purchase on moomoo costs roughly $1 in fees. The same trade on Hatch costs around $10.50, Sharesies $12.50, and Stake $18.00. moomoo offers a fundamentally different cost structure, and for regular investors it compounds significantly over time.
  • What sets moomoo apart from other low-cost challengers is the scale of resources behind it. Futu Holdings, moomoo's owner, is a Nasdaq-listed company with a US$20+ billion market cap, backed by Tencent, holding over 100 regulatory licences across eight countries, and employing more than 2,000 engineers.
  • The platform reflects that investment – free Level 2 market data, 60 levels of order book depth, 24/5 extended trading hours, 10 advanced order types, AI-powered tools and recurring investment plans are all included at no extra cost. Most competitors charge subscription fees for even a fraction of these features.

Since MoneyHub began reviewing investment platforms in 2018, moomoo represents the most significant combination of low fees and platform capability we've seen enter the New Zealand market. The fee tables in this review show this. 

That said, moomoo is not a complete solution for every New Zealand investor. It doesn't offer NZX shares, and if your priority is a simple, all-in-one platform for NZ and international shares, Tiger Brokers (NZ) and Sharesies still have broader domestic coverage. But if your focus is international markets – particularly the US – and you want professional-grade tools without professional-grade fees, moomoo is the platform that delivers low-fees and advanced tools.

moomoo - Frequently Asked Questions

Why does a broker offer commission-free trading? How can they make money?

Commission-free brokers simply earn their money from different services, such as ancillary services, or using the commission-free trading products to cross-sell other products they offer. moomoo is not a zero-commission broker per se. The company does run promotions where they discount their fees, but these are limited-time promotions, and fees are still charged on other products. 

How long does it take to open an account?

In our experience, it takes around 10 to 15 minutes to open a trading account.

Can I buy NZX/New Zealand shares with moomoo?

Not right now - moomoo focuses on low-fee trading for US, Australia and Hong Kong markets.

Can I set up recurring investments with moomoo?

Yes. moomoo's auto-invest feature lets you set up recurring investments in selected US and Australian shares and ETFs. For US stocks, you can invest from as little as US$10 per contribution, with daily, weekly, biweekly or monthly options. For Australian stocks, the minimum is A$50 per contribution with a flat A$9.90 monthly fee per plan. You can adjust, pause or stop your plan at any time through the app.

​Does moomoo offer fractional shares?

Yes. moomoo supports fractional shares trading for US stocks, allowing you to invest in companies like Apple, Microsoft or Tesla with as little as US$10 – you don't need to buy a whole share. Fractional share orders with volumes of less than one share are charged brokerage at 0.99% of the order value, capped at US$0.99. Pass-through fees such as SEC fees, settlement fees and Trading Activity Fees do not apply to fractional share orders under one share.

Does moomoo offer CHESS-sponsored trading for Australian shares?

Yes. Australian shares purchased through moomoo are CHESS-sponsored, meaning they are held in your name on the ASX's Clearing House Electronic Subregister System. This provides an additional layer of security as the ASX has a direct record of your ownership. An A$500 minimum marketable parcel rule applies to CHESS-sponsored ASX trading.

Who is the parent company of moomoo?

moomoo is operated by subsidiaries of Futu Holdings Limited (Nasdaq: FUTU), a Hong Kong-based fintech company founded in 2012. Futu is listed on the Nasdaq, has a market capitalisation of approximately US$21.7 billion (as at February 2026), and holds over 100 regulatory licences worldwide. Tencent is the largest institutional investor in Futu Holdings.

Can I deposit NZD to my moomoo account?

Yes. moomoo offers multiple deposit methods - TBC, and these funds will be credited to your trading account within 1-3 days. 

What should I know after I make my first deposit to moomoo?

moomoo is a multi-currency account that supports multiple currencies, making it easy for clients to trade the global markets. After depositing funds, a client needs to manually exchange the funds into different currencies and invest in corresponding markets (for example NZD>USD for US markets, or NZD>AUD for Australian ASX investing).

What is the FX rate when buying and selling currency?

moomoo charges a fee on certain conversions:

USD investing
  • FX Fee - NZD to USD 0 pips, no added spread on top of the spot wholesale exchange rate. 
  • FX Fee - USD to NZD - Added spread of 15 pips USD/NZD, on top of the spot wholesale exchange rate. For example, when a customer converts 100 USD to NZD, an added spread of 15 pips will be equivalent to a 0.15 NZD fee (note that this fee is already built in to the exchange rate and customer will receive the full amount at the quoted exchange rate). 

AUD investing
  • FX Fee - NZD to AUD 0 pips, no added spread on top of the spot wholesale exchange rate.
  • FX Fee - AUD to NZD - Added spread of 32 pips AUD/NZD, on top of the spot wholesale exchange rate. For example, when a customer converts 100 AUD to NZD, an added spread of 32 pips will be equivalent to a 0.32 NZD fee (note that this fee is already built in to the exchange rate and customer will receive the full amount at the quoted exchange rate).

HKD investing
  • FX Fee - NZD to HKD - 0 pips, no added spread on top of the spot wholesale exchange rate
  • FX Fee - HKD to NZD - Added spread of 16 pips HKD/NZD, on top of the spot wholesale exchange rate. For example, when a customer converts 100 HKD to NZD, an added spread of 16 pips will be equivalent to a 0.16 NZD fee (note that this fee is already built in to the exchange rate and customer will receive the full amount at the quoted exchange rate).

How are my US share orders executed and cleared?

Your US orders are executed and cleared through Futu Clearing Inc., a US broker-dealer and clearing firm regulated by the SEC and FINRA, and a fully owned subsidiary of Futu Holdings. Futu Clearing Inc. is a member of the Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC) and Options Clearing Corporation (OCC).

What are dividends, and how do I receive them?

Dividends are paid based on a company's profits. The company will declare a dividend (declaration date) and announce a record date, ex-dividend date and payment date. Once received, moomoo transfers dividends to your account within 1-3 working days. No fees are charged by moomoo. For more information on dividend investing, please visit our dividend shares guide.

Does moomoo support pre- and after-hours trading for US markets?

Yes, moomoo is one of the few trading apps that allows you to place limit orders in US stocks pre-market and post-market. What this means is that you do not have to trade in the US market during normal market hours but can trade 5.5 hours before the market opens and 4 hours after the market closes. Throughout the year, US share market opening hours in New Zealand time is from Tuesday to Saturday.

What do I do about tax?

For US investors, US tax is automatically paid on your behalf, and moomoo client services team give you all the info you need to sort your New Zealand taxes at the end of each tax year, which is in the form of a statement. However, like any investing platform, moomoo is not a tax expert. Our guide to tax on investments has more details. Tax up to 33% will be withheld for dividends for New Zealand tax residents.

Is my personal data secure with moomoo?

As with any investment platform or financial service, we recommend reading the privacy policy carefully. The privacy policy is informative and upfront about who your data is shared with and under which circumstances.
Related Guides