#9 of 115 in the US ranking · Broker / app
moomoo Review (October 2026): Fees, US States and Licenses
Best for: Stock traders adding crypto
7.0/10
By Vahe Hakobyan Verified Medium confidence No affiliate links
- Taker fee— Not verified
- US states48 of 51
- New YorkNo
- Coins50
- CustodyCustodial
- App Store4.7 ★ · 37K
Our verdict
moomoo is a stock and options trading app whose US crypto service is run by Moomoo Crypto Inc. (NMLS 2287314), a FinCEN-registered money services business in the Nasdaq-listed Futu Holdings group. It lists more than 50 cryptocurrencies with a 0.49% transaction fee and no commission. Direct crypto deposits and withdrawals launched in May 2026. New York residents are not eligible.
Pros
- 0.49% transaction fee with no commission
- More than 50 cryptocurrencies, per May 2026 press release
- Direct crypto deposits and withdrawals added in May 2026
Cons
- Not available in New York and some other states
- Custodians are not named publicly
- Crypto assets are not FDIC insured or SIPC protected
moomoo fees
- Maker / taker
- — Not verified
- Simple buy
- 0.49% transaction fee per trade, paid to Moomoo Crypto Inc.; $0 commission
- ACH deposit
- — Not verified
- Wire deposit
- — Not verified
- Card purchase
- — Not verified
- USD withdrawal
- No fee to move USD between Moomoo Crypto and moomoo brokerage accounts, per the official new-user guide
- Crypto withdrawal
- — Not verified
- Minimum deposit
- — Not verified
Is moomoo available in my state?
Moomoo Crypto Inc. offers more than 50 cryptocurrencies to US residents in supported states; on May 22, 2026 it added Texas and launched direct crypto deposits and withdrawals. New York is not supported.
- AL available
- AK not available
- AZ available
- AR available
- CA available
- CO available
- CT available
- DE available
- DC available
- FL available
- GA available
- HI available
- ID available
- IL available
- IN available
- IA available
- KS available
- KY available
- LA available
- ME available
- MD available
- MA available
- MI available
- MN available
- MS available
- MO available
- MT available
- NE available
- NV available
- NH available
- NJ available
- NM available
- NY not available
- NC available
- ND available
- OH available
- OK available
- OR available
- PA available
- RI available
- SC available
- SD available
- TN available
- TX available
- UT available
- VT available
- VA not available
- WA available
- WV available
- WI available
- WY available
Moomoo Crypto Inc. licenses list (updated Jun 19, 2026): not approved in Alaska, New York and Virginia; approved in DC, Puerto Rico, US Virgin Islands and other territories.
- New York
- No
- ID check (KYC)
- Yes
- Withdraw crypto
- Yes
- Funding
- ACH, Wire, Transfer from moomoo brokerage account, Crypto
Is moomoo regulated?
- FinCEN MSB
- NMLS 2287314
- SEC / FINRA
- NASDAQ: FUTU (parent Futu Holdings)
- US operator
- Moomoo Crypto Inc. (crypto); Moomoo Financial Inc. (securities broker-dealer); app by Moomoo Technologies Inc.
- Parent company
- Futu Holdings Limited (NASDAQ: FUTU)
- State licenses
- Moomoo Crypto Inc. operates under NMLS ID 2287314 and FinCEN MSB registration 31000288349013; its press release says the service is not available in all states.
- New York license
- None
- SEC / FINRA
- Moomoo Financial Inc. - broker-dealer, member FINRA/SIPC (securities only)
- Other
- The May 2025 launch release said the service uses Coinbase's Crypto-as-a-Service infrastructure.
- Founded
- — Not verified
- Headquarters
- — Not verified
How secure is moomoo?
- Proof of reserves
- — Not verified
- Audits
- — Not verified
- Insurance
- Crypto held with Moomoo Crypto Inc. is not FDIC insured or SIPC protected; moomoo says funds are held with licensed custodians, which it does not name.
Incidents since 2019
None found in the sources checked.
Crypto held on a platform is not covered by FDIC or SIPC insurance.
What you can do on moomoo
- Spot
- Options
- Stocks & ETFs
Crypto is held in a separate Moomoo Crypto Inc. account next to a Moomoo Financial Inc. brokerage account; the options and stocks flags refer to the broker-dealer's products.
- Apps
- iOS, Android
- Support
- — Not verified
moomoo FAQ
Is moomoo available in my state?
moomoo serves 48 of 51 jurisdictions (50 states and DC). Not available in Alaska, New York, Virginia.
Can New York residents use moomoo?
No. moomoo does not accept New York residents.
What are moomoo's fees?
Simple buy: 0.49% transaction fee per trade, paid to Moomoo Crypto Inc.; $0 commission.
Is moomoo regulated in the US?
US customers are served by Moomoo Crypto Inc. (crypto); Moomoo Financial Inc. (securities broker-dealer); app by Moomoo Technologies Inc.. Registrations and licenses on record: FinCEN MSB, NMLS 2287314, SEC / FINRA, NASDAQ: FUTU (parent Futu Holdings).
Can I withdraw crypto from moomoo to my own wallet?
Yes. moomoo lets US users send crypto to an external wallet.
Does moomoo require ID verification?
Yes. moomoo verifies your identity before you can trade.
How many cryptocurrencies can I trade on moomoo?
About 50 cryptocurrencies are available to US users, per moomoo's official asset list.
Alternatives to moomoo
Robinhood#2 · Commission-free crypto with transfers8.0
E*TRADE from Morgan Stanley#4 · Existing E*TRADE clients7.6
tastytrade#6 · Active multi-asset traders7.3
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.