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moomoo Reviews 267

TrustScore 2.5 out of 5

2.5

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Review summary

Created with AI, based on recent reviews

Evaluating 136 reviews, most reviewers were unhappy with their experience overall. Many customers found the user experience frustrating, citing an incomprehensible user interface and a confusing app, especially for beginners. People also reported significant issues with customer service, describing it as unhelpful, unresponsive, and difficult to communicate with, often receiving conflicting information or generic responses. Some people were dissatisfied with payment processes, experiencing delays in deposits and complicated withdrawal procedures, with funds sometimes being locked or requiring multiple verification steps. Conversely, some reviewers found the app easy to use, highlighting its many tools, resources, and insightful features, and appreciated the smooth UI and quick turnaround on deposits and withdrawals.

What people talk about most

User experience

Reviewers mention ambiguous feedback about user experience. Many customers praise the platform for being... See more

Payment

Customers consistently note ambiguous experiences with payment. Many reviewers report significant... See more

Application

Users describe ambiguous interactions with the app. Many customers praise its charting tools, ease of... See more

Customer service

Customers express significant dissatisfaction with customer service. Many reviewers report unhelpful and... See more

Service

Clients share ambiguous opinions on service. Some reviewers describe their banking experience as frustrating,... See more

Reviews shaping this summary

Rated 3 out of 5 stars

The trading site is very frustrating to use. Other brokers show the balance available when in the buy screen, but not Moomoo. In fact it is extremely difficult to find that information. Withdraw... See more

Rated 3 out of 5 stars

I find the app very easy to use, with so many tools, information, etc. However, it not really convenience to trade fractional US shares due to the hours of trading limits. The fees is also too many.... See more

Rated 3 out of 5 stars

The app has a lot of resource to utilise, but tutorial is not that user friendly. It’s mostly articles and is a long wall of text. For beginners, it will be confusing. Will need to have time to get u... See more

Rated 3 out of 5 stars

Great platform, very insightful with tons of useful tools. Ridiculous options commissions ($3 usd per contract? C'mon!). If they are meant to be for retail investors, they got price strategy all wrong... See more

Company replied


Company details

  1. Investment Service
  2. Financial Institution
  3. Investment Company

Written by the company

Moomoo is the intuitive trading platform designed to simplify complex investment strategies and provide seamless access to pro-level tools and data. Founded in Silicon Valley, moomoo has expanded to seven major international markets, serving a global community of 27 million users. With over 37,000 listed companies and an annual trading volume exceeding $500 billion, moomoo has established itself as a leader in the fintech industry and has partnered with major institutions including NASDAQ and TradingView. Recognized with over 100 international awards , moomoo is dedicated to making smarter investing accessible to all.


Contact info

2.5

Poor

TrustScore 2.5 out of 5

267 reviews

5-star
4-star
3-star
2-star
1-star

Asks customers to review

This company invites their customers to review, whether positive or negative

Replied to 69% of negative reviews

Typically replies within 2 weeks

How this company uses Trustpilot

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Rated 1 out of 5 stars

Customer service lacks knowledge and…

Customer service lacks knowledge and only knows how to push responsibilities. Deposit is instant but withdrawal will take days. Withdrawal usd but received only 1/3 of the amount. Customer service cannot provide a credible answer.

28 January 2025
Unprompted review
moomoo logo

Reply from moomoo

Thank you for letting us know about this. We will continue to pay attention to the user experience and optimize service quality.Your comments are very important and valuable for our subsequent service improvement. We will keep improving with your suggestions. In order to better help you solve the problem, please contact our 24/7 live chat agents through the Moomoo app via Me > Customer Service> Online Inquiry.

Rated 1 out of 5 stars

This company is a joke corrupt customer…

This company is a joke corrupt customer service trys manipulating you in buying more stop with rewards. Ive invested $5 grand in one shoot they took over 2 weeks to transfer funds from my bank account, they also Stop trading like Robinhood did with Gamestop, once you catch on to there lies on the phone they will mock you so keep calling them make there nightmare there nightmare, they also have Moomoo customer service put up reviews on here to boost there rating stay away from this company

23 January 2025
Unprompted review
moomoo logo

Reply from moomoo

Dear Michael,
We sincerely apologize that your experience didn’t match your expectations. In order to better help you solve the problem, please contact our 24/7 live chat agents through the Moomoo app via Me > Customer Service> Online Inquiry, Please use Event code 'M-0003' to us, we can better to locate your question and solve it ASAP. Thank you for your support and understanding.

Rated 1 out of 5 stars

This Chinese platform is scamming…

This Chinese platform is scamming American citizens. They offer a referral program, promising anywhere from $150-$200 for a referral after the deposit of $100. The problem is they make it impossible to redeem. They do this by splitting up the rewards coupons into $25.00 and $50.00 increments. The threshold to use the rewards coupons is $100. So the kicker is here you can only use one coupon at a time. It's impossible to use. I spent 30 mins on chat with one of their reps. When I told the rep they were scamming Americans the rep stated they're sorry but it's Futu's policy they're just an employee. Another Chinese company taking advantage of American citizens.

UPDATE
I contacted moomoo customer service as instructed by the representative here on trustpilot. The representative knew they were just gaslighting and that once I contacted customer service on the app, they would do nothing.And that's exactly what the representative on the app.Told me that there was nothing they could do that.Those were their rules.They set up the rewards so you cannot use them. This chinese company is scamming american citizens and they know it!

24 January 2025
Unprompted review
moomoo logo

Reply from moomoo

Dear customer, we sincerely apologize that your experience didn’t match your expectations. In order to better help you solve the problem, please contact our 24/7 live chat agents through the Moomoo app via Me > Customer Service> Online Inquiry, Please use Event code 'M-0002' to us, we can better to locate your question and solve it ASAP. Thank you for your support and understanding.

Rated 1 out of 5 stars

Horrible company to deal with

Horrible company to deal with, i have been getting strange phone calls and emails since i registered, My withdrawals are stucked at pending, For a better experience i have noted a better one as seen on display biodata

9 January 2025
Unprompted review
moomoo logo

Reply from moomoo

We apologize for the inconvenience. We take your feedback seriously at moomoo and are concerned about the late-night calls you mentioned. Please email us at cs@us.moomoo.com with more details so we can address this issue. Your satisfaction is our priority and we appreciate your feedback to improve our services.

Rated 1 out of 5 stars

Inegibile

They made me register with my passport, they made me insert all my personal data and then they said that i was inegibile to open an account

7 January 2025
Unprompted review
moomoo logo

Reply from moomoo

Dear customer, we sincerely apologize that your experience didn’t match your expectations. In order to better help you solve the problem, please contact our 24/7 live chat agents through the app via Me > Customer Service, we will follow up your issues.

Rated 1 out of 5 stars

US Regulatory review of Moo Moo Tactics needed

I failed to check reviews before signing up to try Moo Moo but I can now confirm that reviews on here about the difficulty withdrawing your money from Moo Moo is real.

I opted for the direct link method to deposit and withdraw, like all brokers, Moo Moo verified me and my bank account and accepted a deposit from me through my bank account. I found the platform slow because of the number of things to do to enter or exit a due to the number of pop up messages and unnecessary steps to enter and exit a trade. I decided to withdraw my money from moo moo. To my surprise I encountered stalling tactics designed to delay and block withdrawal. Here's my experience.

I submitted the request to withdraw on Dec 22, received a notice saying request submitted so I thought it had gone through. On December 29 I was in my bank account and notice the withdrawal from Moo Moo wasn't there. Checked the moo moo account only to realise that rather than process my withdrawal they had sent me an email which unfortunately I did not see due to the holidays, asking me to verify myself again with a deadline. I resubmitted a request to withdraw again on Dec 29, did not receive an acknowledgement from Moo Moo so I emailed them on Dec 30 and was told that the request is PENDING. Why is a request to withdraw your available funds via direct deposit/ withdrawal method pending for, at this point, 3 days with Moo Moo?

I know that customers make a choice to use these platforms and that I failed to do my due diligence and check the reviews before trying their platform but the fact that so many people have and CONTINUE to experience the same problems to withdraw their money means that regulatory bodies like FINRA are not aware of Moo Moo's predatory practices, which takes advantage of their position over clients funds once its in their hands. Moo Moo should be monitored by US regulatory bodies and maybe even congress should do some oversight into their practices as well. I intend to submit a formal complaint and write to my representative in congress and encourage others having problems to withdraw their money from moo moo to do the same.

22 December 2024
Unprompted review
Rated 2 out of 5 stars

Its IB...literally

App difficult to navigate. In Canada at least, moomoo is just lipstick on an Interactive Brokers account but twice as complicated because you have to go through two processes, one for moomoo and one for IB. Closed my account as soon as that was obvious. Chat support is generic and not very helpful.

Update: trustpilot coerced me to submit moomoo account information, otherwise they’d remove my review. After I did so, moomoo called me multiple times asking me to remove my review. I asked if they had fixed the problem and if not, no. And then I hung up. Sheesh. This whole platform stinks. Can’t leave a review of anything without both trustpilot and the business harassing you and invading your privacy.

9 December 2024
Unprompted review
Rated 5 out of 5 stars

good

good, easy to use

12 November 2024
Unprompted review
moomoo logo

Reply from moomoo

Thanks for the 5 star rating!

Rated 5 out of 5 stars

Nice app

Nice app, clear layout and easy to use.

10 November 2024
Unprompted review
moomoo logo

Reply from moomoo

Thank you for your positive feedback for our product!

Rated 5 out of 5 stars

good experience

good experience,very professional view and good atmosphere!

8 November 2024
Unprompted review
moomoo logo

Reply from moomoo

Thank you Kexin for your positive feedback!

Rated 5 out of 5 stars

Moomoo is an excellent trading app that…

Moomoo is an excellent trading app that offers a smooth user interface, responsive customer service, and a lots of useful information.

4 November 2024
Unprompted review
moomoo logo

Reply from moomoo

- Thanks for the kind words and 5 star review Alison!

Rated 5 out of 5 stars

Easy to use

Easy to use, low transaction fee, a lot functions for analyze and study

3 November 2024
Unprompted review
moomoo logo

Reply from moomoo

Thanks for the 5 star review!

Rated 1 out of 5 stars

TOTAL DISREGARD!

It was the most terrible experience I ever had with MOOMOO. They completely trap you; first, they assign you an investment expert, and as you follow their lead and invest, several times, they allow you to earn 10% interest before asking you to sell the stock. Once they gain your trust, they begin asking you to invest as much money as you can; I trusted them and invested the maximum amount. Moomoo will retain deposits and push you to make a margin call. The support staff could not be reached. Poor customer service. So, I asked to terminate my account and withdraw my funds. The account cancellation process was extremely difficult, and I was unable to withdraw, and the stock price dropped unexpectedly, I nearly lost all of my money. I looked for a solution, and fortunately, I found 𝖯reston𝖶ealth𝖠dvocates. I contacted them and asked for an investigation into my missing funds.They started a dispute and eventually recovered my cash. I'm thrilled to share this experience!

31 October 2024
Unprompted review
Rated 1 out of 5 stars

Stay away

Stay away
And look for help back from the username for help of your back

30 October 2024
Unprompted review
moomoo logo

Reply from moomoo

Dear customer, we sincerely apologize that your experience didn’t match your expectations. We need to collect more information about you. Please contact us via APP- "Me" - "Customer Service" and type event code 'M-0023' to us, we can better to locate your question and solve it ASAP. We will give you a satisfactory answer.

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