You’ve got no shortage of choices when it comes to finding an electronic trading platform to use to make and track investments. But just because there are a lot of options doesn’t mean they’re all the same, and one of the most important questions to ask is whether the platforms or cryptocurrency exchanges you select are safe to use.
In this moomoo safety review, we’ll walk you through Moomoo’s security features and make sure you understand what the mobile app and activetrader platform does to keep you (and your money) safe. We’re talking about things like regulation, insurance, and encryption, all of which are in place to prevent hackers from getting at users’ accounts.
Whether you’re new to trading or a seasoned investor with a ton of experience, understanding the security features of the platforms you use is essential. In this guide, we’ll break down the security features of moomoo and answer the burning question: Is moomoo a safe trading app in 2025?
What Makes Moomoo Safe? A Quick Overview
Let’s start with an overview of why moomoo is safe. We’ll get into more detail about each of these items, so this is just to give you an idea.
- Moomoo is a licensed broker/dealer and registered with the Financial Industry Regulatory Authority, also known as FINRA.
- Likewise, Moomoo users’ assets are insured by the Security Investors Protection Corporation (SIPC) up to $500,000, including $250,000 in protection for cash deposits.
- Moomoo is regulated by the SEC and must adhere to US laws regarding securities.
- Device Lock and Device Verification are both available to prevent someone unauthorized from accessing your account. Simply stated, these are forms of two-factor authentication that prevent someone with a new device from signing into your account without your permission.
- Moomoo’s website and mobile app are protected by state-of-the-art encryption.
Moomoo hasn’t been accused of any serious financial violations, which cannot be said of other trading platforms. However, they were fined by FINRA in late 2024 for what FINRA said was inappropriate use of influencers in social media advertising. While that may be less than ideal, it’s important to differentiate between this type of violation, which doesn’t put users’ money at risk, and SEC violations like the ones that have been levied against some of Moomoo’s competitors.
Pro Tip:
Get up to 25 free stocks after a qualifying deposit with Moomoo today!
Moomoo’s Regulation and Oversight: A Key to Security
Since the very first electronic activetrader platform launched, the issue of regulation and security has been top of mind for investment experts. Moomoo trading app regulation includes the oversight of the following entities.
- The Securities and Exchange Commission or SEC, which is the main regulatory body to protect investors and investments in the United States. The SEC oversees moomoo and all other electronic brokers and often files lawsuits or charges fines when there are violations.
- FINRA is an organization that oversees brokers. Moomoo is a FINRA member. Users can look up their brokerage license and find other pertinent information about the company.
- The SIPC provides insurance for investment accounts in much the same way that the FDIC does for bank accounts. Investment accounts on moomoo are insured up to $500,000, including coverage for up to $250,000 of cash deposits per user.
It’s common for online brokerages to be hit with fines and lawsuits, but moomoo has mostly kept itself clear of such trouble. It has only a few disclosures on its FINRA report.
We don’t have enough space here to list all of the regulations that moomoo must adhere to to avoid fines and remain in compliance, but here are a few of the most important.
- Brokers must remain honest and transparent when selling securities
- Companies with publicly traded securities must make regular disclosures to the SEC
- Companies must not engage in insider trading or manipulation of trading prices
- Brokers must adhere to regulations about how and when they promote their services, including on social media
The SEC is quick to investigate and charge fines when the rules aren’t followed, so the fact that moomoo has so few disclosures on its FINRA report is a point in the company’s favor.
Moomoo trading app regulations are in place and that’s an important thing for investors to know. Many other digital platforms and apps that allow you to trade stocks have run afoul of the SEC and been subjected to huge fines. You can rest easy knowing that moomoo has had minimal run-ins with regulatory bodies and is a company that’s in good standing in terms of fraud prevention and security in addition to its robust trading tools.
Moomoo’s Track Record: A History of Safety and Reliability
You may be wondering about moomoo’s history and track record. The company was founded in Silicon Valley in 2018 by Leaf Hua Li. The goal was to create an easy-to-use investment tool that would avoid some of the complexities of other platforms.
Moomoo’s parent company is Futu Holdings Ltd., which was also funded by Leaf Hua Li and is headquartered in Hong Kong. A bonus of this location is that Moomoo is a great platform to get access to Hong Kong stocks and paper trading.
Shortly after its founding, the SEC granted moomoo a trading license giving them permission to operate in all 50 states plus the District of Columbia. It has since expanded its commission free trading operations to Canada, Australia, Singapore, Japan, and Malaysia.
Moomoo has grown exponentially, winning some awards and becoming one of the most popular online brokerages. Users can buy and trade a variety of assets, including stocks, ETFs and REITs, as well as access a debit card. Some of the investments that aren’t available on moomoo include mutual funds, individual bonds, and cryptocurrencies.
As a member of FINRA, moomoo must operate transparently. All information about its brokerage, filings, disclosures, fines, and arbitrations appear on their FINRA report, which you can view here. There are a total of three disclosures in their report, including one fine related to Moomoo’s social media influencer program, and two arbitrations with individual investors. Just as a comparison to illustrate how few issues moomoo has had, Robinhood has a total of 58 disclosures on its report.
Moomoo has committed itself to providing excellent security and customer service. We like that moomoo offers customer service in a variety of formats, including live chat, phone, and email support, plus a large online library of resources.
Pro Tip:
Get up to 25 free stocks after a qualifying deposit with Moomoo today!
How to Stay Safe While Trading on Moomoo
While it’s important to know how moomoo protects its users and their assets, it’s equally as essential to understand what you can and should be doing to protect yourself and stay safe on moomoo. Is Moomoo’s activetrader platform safe? Here are some of the steps to take.
#1: Set up two-factor authentication
The first thing you should do is enable two-factor authentication. This can take multiple forms. The first step is to turn on Device Lock and require 2FA if anybody attempts to sign into your moomoo account from an unrecognized device without your phone numbers. You can use a third party app if you choose.
#2: Create strong passwords and account recovery strategies
Next, you’ll need to create strong passwords that you never share with anybody. As a reminder, a strong password should include lowercase and uppercase letters, numbers, and special characters. Your account recovery strategy may include unlocking your account with your mobile phone, but make sure it’s a phone that only you have the ability to access.
#3: Monitoring account activity regularly
Monitoring your account is one of the best ways to spot suspicious activity. If you notice anything unusual happening in your portfolio, then you should take immediate action by notifying moomoo support, logging all devices out, and changing your password.
#4: Learn to spot and avoid scams and phishing attempts that target moomoo users
Like any other electronic brokerage, moomoo is vulnerable to scams and phishing attempts. If you provide your login information to anybody else, SIPC insurance won’t protect you. One of the most common signs of a phishing scam is an unsolicited text or email with a link asking you to click and provide your account information. Moomoo will never do that. If you receive something suspicious, navigate directly to the moomoo website or app and log in as you usually would. Do not click on any suspicious links.
#5: Best practices for withdrawing and securing funds
The best way to protect your funds on moomoo is to install the moomoo token on your mobile device. The token requires both a dynamic password and a transaction password to withdraw funds. It is specific to your device.
#6: Contact moomoo customer support if you notice anything suspicious
The final step is to make sure to contact moomoo customer support if you notice anything suspicious, whether it’s a surprising transaction or an unauthorized login. They’ll be able to give you advice and help you secure your account. Moomoo support includes a large library of informative content, plus live chat, phone, and email support.
Pro Tip:
Get up to 25 free stocks after a qualifying deposit with Moomoo today!
Is Moomoo the Right Choice for You? Final Verdict
All in all, moomoo is a safe and reliable investing platform, and you can trust moomoo with your exchange traded funds, Hong Kong listed stocks, and commission free trading. Moomoo safe trading features include 2FA, tokens, device lock, and strong customer support.
As far as we see it, the pros of trading on moomoo include its robust suite of security features, which include SIPC insurance to protect users’ money and investments. We like that there’s an option to lock devices, and installing a moomoo token on your device adds an extra layer of security that makes moomoo a safe choice for most investors looking to protect their important information.
There aren’t many cons, with the primary ones being that moomoo is not a platform where you can buy individual bonds, mutual funds, or cryptocurrency. If those are things you want to have in your portfolio, you may want to consider another trading platform.
Our final recommendation is that if you’re someone who is looking for a secure investment platform with a debit card and features to protect you and regulatory oversight, then moomoo may be the right choice for you!
Yes, moomoo offers 2FA, which you will need to enable once you set up your account. We suggest installing a moomoo token on your primary device to make sure that nobody can log in from another device.
The best way to protect your account from hacks is to take full advantage of the available security features. Create a strong password that you don’t share with anybody else, enable 2FA, and install a moomoo token on your laptop and/or phone to make sure your account is secure. Educate yourself about phishing and don’t click on any suspicious links.
Yes. Moomoo has many security measures in place, including encryption, 2FA, and tokens. Just remember that moomoo can’t protect you if you share your password or device, so be careful and keep your personal information private.
Yes, moomoo’s website and mobile app are encrypted. Encryption can’t fully guarantee that your information will be safe, but if you take advantage of Moomoo’s other security measures to safeguard your account, you’ll be as safe as you can be using a digital trading platform.
Yes, it is. The moomoo app is well regarded and encrypted. You can take additional steps to secure your account by turning on Device Lock and downloading a moomoo token to protect your mobile devices.
Moomoo ensures the safety of its trading platform with state-of-the-art encryption, passwords, tokenization, and by providing 2FA to its users. Moomoo users’ deposits and investments are protected by SIPC insurance up to $500,000.
Yes, you may use a third-party authentication app to secure your account.
