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Written by Cari Scribner on June 9, 2021
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How To Close Your Moomoo Account (Step By Step)

There are several reasons why you would need to close an online investing app account.

Maybe you’ve had more experience and want to move up to a more advanced platform.

Or you found a new app with more of the features that will make investing easier for you.

Whatever the case, it’s 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.

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Steps To Close A Moomoo Account

It is exceedingly easy to close your account, but unfortunately, you can’t do it yourself on the app. Instead, you have to contact customer service. It also asks for a reason why you’re closing the account. You may wish to just give a generic answer, like wanting to try something new.

If you would like to close your account, just follow the steps:

  1. Make sure you have closed all the positions
  2. Make sure you have 0 assets in your account
  3. Write to [email protected] and apply to close your account, including the reason.

Can I re-open My Account?

You can start over with a new account once your account is closed.

One identification number can only have one account with Moomoo.

What Happens with Tax Documents?

After closing your account, you still have access to login with your login credentials, so that you can access your tax documents come tax season.

According to the regulatory requirement, all account information must be maintained for 6 years, so Moomoo will not delete your information until that time period has passed.

Article written by Cari Scribner

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Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
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