With the rise of online investing apps, many investors understandably ask an important question before opening an account: Is this brokerage actually legitimate?
One platform that often comes up in this discussion is Moomoo. The short answer is yes — Moomoo is a legitimate and regulated brokerage platform.
Below, we’ll break down why Moomoo is considered safe, how it’s regulated, and what investors should still be cautious about.
Be sure to check out my full Moomoo Tutorial below to learn more!
Moomoo is a global investment and trading platform founded in 2018.
It offers access to stocks, ETFs, options, and other market tools for both beginner and advanced investors. While the platform itself is relatively young, it is backed by a much larger and well-established parent company.
Moomoo is a subsidiary of Futu Holdings, a multi-billion-dollar fintech company that is publicly traded on the NASDAQ under the ticker FUTU. This alone adds a significant level of transparency and credibility, as publicly listed companies must meet strict reporting and regulatory standards.
Today, Moomoo serves over 28 million investors worldwide, with availability across the United States, Singapore, Australia, Japan, Canada, and Malaysia. In Hong Kong, it operates through its sister brand, Futubull.
One of the strongest indicators that Moomoo is legitimate is its regulatory oversight. The platform is regulated by top-tier financial authorities in every region where it operates:
These regulators enforce strict rules around client fund handling, disclosures, and operational practices, which significantly reduces the risk of fraud or misuse of client assets.
Futu Holdings’ size and financial performance further reinforce Moomoo’s legitimacy. The company has built a massive global user base and holds an enormous amount of client assets.
In the most recent financial quarter, Moomoo reported just under $160 billion in total client assets, representing a 79% year-over-year increase.
This kind of growth does not happen without significant user trust and strong operational infrastructure.
While Moomoo itself is legitimate, it’s important to separate the platform from third-party scams.
Moomoo has publicly warned users about fraudsters who impersonate Moomoo staff or promote fake “high-yield investment opportunities” through unofficial group chats, messaging apps, or cloned websites.
These scams are not unique to Moomoo and affect nearly every major brokerage. Investors should always:
As with any brokerage, market risk still exists. Even though the platform is safe and regulated, investors can still lose money due to market fluctuations or poor investment decisions.
Yes, Moomoo is a legitimate, well-regulated, and secure brokerage platform.
It is backed by a publicly traded fintech giant, regulated by respected global authorities, and trusted by tens of millions of investors worldwide. Its strong growth, robust security measures, and investor protections make it a credible choice for online trading.
