Founded in 2018 and headquartered in the USA, moomoo is a global brokerage owned by UP Fintech Technology. Over the years, it has grown into an established brand with tens of millions of users worldwide, offering access to US stocks, ETFs, options, and a limited selection of forex instruments. For France traders, moomoo’s appeal lies in its zero-commission US stock trading, $0 minimum deposit, and a modern trading platform powered by TradingView charts.
However, the platform is not a traditional forex broker. The maximum leverage is set at 1:1, meaning positions must be fully funded, which is quite unusual for the forex industry. While moomoo is regulated by FINRA, MAS, ASIC and SFC, it does not hold an AMF licence in France. This means French residents who trade with moomoo are outside the French and EU investor-protection framework. French traders who are primarily interested in low-cost US equities and ETFs will find moomoo valuable, but those looking for serious retail forex trading with proper leverage and local regulatory protection will likely be disappointed.
| Detail | Information |
|---|---|
| Founded | 2018 |
| Headquarters | USA |
| Regulated by | FINRA,MAS,ASIC,SFC |
| Min Deposit | $0 |
| Max Leverage | 1 |
| Platforms | TradingView |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| Feature | Available |
|---|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | No |
| Scalping Allowed | No |
| Hedging Allowed | No |
| Expert Advisors (EA) | No |
| Copy Trading | No |
Moomoo does not offer an Islamic swap-free account. According to the official database, the 'Islamic Account' feature is false. This means that Muslim traders in France who require Sharia-compliant trading (no overnight interest or swap charges) will not be able to use moomoo for this purpose. The broker’s focus on US equities and ETFs does not include the swap-free framework that many forex brokers provide.
For France Muslim traders, a more suitable alternative would be a broker that is authorised in France and offers genuine Islamic accounts, such as XTB or Admirals. These brokers typically provide swap-free trading on forex and CFD instruments with no hidden costs. Since moomoo has no such offering, it is advisable to look elsewhere if compliance with Islamic finance principles is an essential requirement.
| Feature | Details |
|---|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| moomoo (current) | $0 | Check broker | No | Yes | 3.8 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
Moomoo is a well-established brokerage with strong global regulation and an excellent platform for US stock and ETF trading. However, when we evaluate it from the perspective of a France trader looking for retail forex trading, the offering is clearly subpar. The maximum leverage of 1:1, absence of MetaTrader platforms, lack of an Islamic account and missing AMF regulation are significant disadvantages.
If your profile is a French investor interested in buying US shares or ETFs without paying high commissions, moomoo is a very appealing and cost-effective choice. But if you are a retail forex trader in France who needs leverage, tight spreads and MT4/MT5 flexibility, you will be far better served by a local broker such as IG, XTB or Pepperstone that is fully approved by the AMF and offers proper forex trading conditions. Overall, moomoo earns a score of 3.8 out of 5, but we recommend it only for a specific subset of France investors.