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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

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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

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Rated 1 out of 5 stars

The total disregard for customer…

The total disregard for customer feelings is one of the major issues with moomoo. They don't respond to mails or texts or anything and it's really annoying because I needed to know what was wrong with my money. For a couple days, I was stuck in a limbo and didn't know what to do. Inherently, Verdantguardian was a much better option as they were very fast with my payment.

August 13, 2024
Unprompted review
Rated 5 out of 5 stars

moomoo is the best investment app

moomoo is the best investment app. I use it everyday as it is easy to use and easy to understand. It contains all the updated stock market and share information and helps me investing wisely.

October 11, 2024
Unprompted review
Rated 1 out of 5 stars

DIY Trading Platform with Little to No Support from the Trading Team

Honestly, there's nothing beginner-friendly about this broker based on my recent experience. A week after opening my margin account, I spoke with a 'licensed trader' to get some help with using the trading features on the desktop, and his attitude was mind-blowing. He made it clear that MooMoo is a self-guided trading platform, and their team doesn't really have the time or resources to answer questions unless it's URGENT. I figured if they don't have time for their clients, I’m not wasting mine either. So, I moved all my money to a broker that actually values my business and provides the service I deserve.

September 26, 2024
Unprompted review
moomoo logo

Reply from moomoo

Dear Jessica,
We sincerely apologize that your experience didn’t match your expectations. We need to collect more information about you. Please contact us via Moomoo APP- "Me" - "Customer Service" and type event code 'M-0011' to us, we can better to locate your question and solve it ASAP. We will give you a satisfactory answer.

Rated 1 out of 5 stars

Beware of 6.8% p.a. return on your uninvested cash

Signed-up as new user at moomoo with offer of 6.8% p.a. return on your uninvested cash that should be paid monthly, after having uninvested cash for a few months and noticed no interest have been paid.

Called the customer support, the person on the line asked me straight away have you activated the cash plus plan on the app? She was so fast with her answer and it seem like alot of other customers been caught out aswell.
In the onboarding communication, they just ask you to transfer in money to earn interest but no where does the communication says you need to activate the Cash Plus plan in the app for interest to start calculating, it's deliberate act by Moomoo to not make this obvious so you transfer in money and not earn interest.

September 30, 2024
Unprompted review
moomoo logo

Reply from moomoo

Dear Mrs Maily,
We sincerely apologize that your experience didn’t match your expectations. The 6.8% Activity Requirements after successfully completing the first deposit, go to Cash Plus information webpage, click on the "Unlock Now" button and follow the prompts to read and complete the consent form are eligible to enjoy interest earnings. For more details, please refer to the promotion rules:https://www.moomoo.com/au/support/topic6_428 , In order to better help you solve the problem, please contact our live chat agents through the Moomoo app: Me > Customer Service> Online Inquiry, Please use Event code 'M-0010' to us, we can better to locate your question and solve it ASAP. Thank you for your support and understanding.

Rated 4 out of 5 stars

My experience with moomoo has been…

My experience with moomoo has been great! So easy to navigate, easy to trade, so many learning platforms. I’m new to trading so this was daunting for me, but through the last couple of weeks that I’ve had my account, it’s been great. If I had of heard about moomoo early I would have got an account earlier.

September 26, 2024
Unprompted review
Rated 5 out of 5 stars

Beginner friendly trading app with great rewards!

A super beginner friendly app with lots of features to get you started on trading. They also offer great offers and deals for free stocks, good interest rates on deposits and so on. I think it's a great way to take the first step into trading and reap some great financial rewards!! It's also really user friendly and pretty easy to navigate.

September 19, 2024
Unprompted review

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