Moomoo Account Type

Moomoo offers a single type of account: the Standard Brokerage Account. This account allows users to trade a variety of securities, including U.S. stocks, exchange-traded funds (ETFs), options, and American Depositary Receipts (ADRs). There is no minimum deposit required to open this account, making it accessible for both beginner and experienced investors. However, it does not provide options for retirement accounts or joint accounts, which may be a limitation for some investors seeking more diverse account types.

Moomoo Broker Account Opening Process

Opening a Moomoo account is a straightforward process that can be completed in a few simple steps:

• Sign Up: Download the Moomoo app from the App Store or Google Play, or visit the Moomoo website. Click on the "Start Now" button to begin the registration process.

• Provide Information: Enter your phone number to receive a verification code. After verifying your phone number, fill in your personal details, including your full name, date of birth, and address.

• Acknowledge Risk Disclosure: Review and accept the risk disclosure statement provided during the registration process.

• Link Bank Account: You can link your bank account to fund your Moomoo account. This can be done through various methods, including ACH transfers, which are free and instant.

• Account Approval: Most accounts are approved within 24 to 48 hours, and you will receive a notification once your account is ready for use.

• Start Trading: Once your account is funded, you can begin trading using the Moomoo platform, which offers advanced trading tools and real-time market data.

For more details, visit Moomoo's official website.