On Saturday night, while sitting at the living room computer, Mr. A (a pseudonym, a 30-something IT company employee) was staring at the SBI Securities trading screen. He had been steadily accumulating Japanese stocks over the past few years, but recently his interest has been shifting to US stocks, especially tech stocks. However, the commission fee for US stocks at SBI Securities is about 0.495%. Every time he buys 100,000 yen worth, he gets charged nearly 500 yen—this burden was starting to bother him gradually. Furthermore, it would be great if he could trade at night to align with the US market, but SBI Securities does not support 24-hour trading. The analysis tools are also basic, and he wants more in-depth information. With these lingering frustrations, Mr. A typed "US stocks cheap commission securities" into the search bar.
What caught his eye was "moomoo Securities." He remembered a friend telling him, "The commission fees for US stocks are low, and the currency exchange fees are apparently 0 yen." Additionally, it supposedly has an AI-powered stock price prediction feature. Is it really that good? Half skeptical, Mr. A began checking comparison sites and user reviews.
Conclusion of this article moomoo Securities is the best online brokerage for investors who actively trade US stocks and for intermediate-level investors who want to use advanced analysis tools for free. However, it is not suitable for those who prioritize tsumitate NISA or credit card installment plans. Please read this as material to compare costs, features, and safety from multiple perspectives and determine whether it fits your investment style.
Chapter 1: The True Value of moomoo Securities Revealed Through Fee Comparison
What A-san first paid attention to was, of course, the fees. Assuming monthly U.S. stock transactions of around 100,000 yen, the standard fees (0.495%) at SBI Securities or Rakuten Securities would cost approximately 6,000 yen annually. On the other hand, moomoo Securities' U.S. stock fee is set at 0.132% (max USD 22), the lowest level among major online securities firms. Calculating under the same assumption, the annual fee would be kept to about 1,600 yen. This difference is by no means small.
Furthermore, moomoo Securities offers free trading fees for Japanese stock spot transactions. While SBI Securities and Rakuten Securities also have free plans for Japanese stock fees, moomoo is free from the start. And notably, there is 0 yen exchange fee (at real-time exchange rates). Since there is no dollar conversion cost when purchasing U.S. stocks, the actual burden is further reduced.
| Item | moomoo Securities | SBI Securities | Rakuten Securities | Monex Securities |
|---|---|---|---|---|
| U.S. stock fee (as a percentage of contract value) | 0.132% (max USD 22) | 0.495% (standard) | 0.495% (standard) | 0.495% (standard) |
| Japanese stock spot fee | Free | Free (conditions apply) | Free (conditions apply) | Free |
| Exchange fee | 0 yen (at real-time) | Generally charged | Generally charged | Generally charged |
Source: moomoo Securities official website, publicly available information from each company (as of June 2026). Since each company has multiple fee plans, conditions may vary.
Seeing these figures, A-san felt, "It's certainly cheap. With this, even if I increase the frequency of U.S. stock trading, I won't have to worry about costs." However, that alone wasn't enough to decide. The features and reviews also needed to be checked.
If you are convinced by the low fees, why not consider opening a free account first?
Chapter 2: Products and Features – Does It Match Your Investment Style?
After being convinced by the low fees, Mr. A's next concern was the range of products and features. moomoo Securities' strengths lie in its extensive selection of US stocks and advanced analytical tools.
Available Stocks and Micro-Investing
- It offers approximately 7,000 US stock listings, covering almost all individual stocks on major exchanges like NYSE and NASDAQ.
- Furthermore, a service called micro US stocks allows you to purchase stocks from as little as $1 (approx. ¥150). This is a convenient system for beginners or those looking to diversify, as it enables investment in high-priced tech stocks with small amounts.
- It also handles a large number of Japanese stocks, with zero commission on spot trades.
24-Hour Trading
- In addition to regular trading hours, approximately 90% of US stocks are available for 24-hour trading. This solves Mr. A's problem of "not being able to participate in US market price movements."
Comprehensive AI Analysis Tools
- moomoo Securities' biggest differentiator is its 5 major AI investment features, including AI stock price predictions. Professional-grade tools, such as predictions based on past data and market sentiment, automatic calculation of technical indicators, and news sentiment analysis, are available for free.
- Demo trading (virtual trading) is also available. Since you can practice without using real funds, beginners can get used to the operations risk-free.
On the other hand, there are also weaknesses. Since Mr. A also manages a Tsumitate NISA with Rakuten Securities, he was curious about moomoo Securities' lineup of investment trusts.
| Advantages | Disadvantages |
|---|---|
| Low US stock commission fees | Limited number of Tsumitate investment trust funds (160 funds vs. SBI 259, Rakuten 239) |
| Free Japanese stock spot trading | No credit card accumulation plan support |
| Zero FX commission fees | Advisory for inappropriate business practices related to NISA (details below) |
| 24-hour trading support | Large amount of information may be overwhelming for beginners |
| Free, comprehensive AI analysis tools | Not suitable for simple Japanese stock-only strategies |
| Micro US stocks purchasable from $1 | Some users may feel uneasy about overseas-based services |
| Demo trading available for practice | — |
Source: Multiple comparison/review sites, moomoo Securities official website
Recommended for:
- Active investors who primarily trade individual US stocks
- Those who want to participate in US market price movements via 24-hour trading
- Intermediate users who want to use advanced analysis tools for free
- Beginners who want to start investing in US stocks with small amounts
Not recommended for:
- Those who primarily want to use Tsumitate NISA or credit card accumulation plans
- Those who prioritize the number of investment trust fund options
- Japanese stock-only investors seeking simple operations
Mr. A felt that this might suit his style. However, he also saw comments online saying "moomoo Securities is dangerous." Next, he decided to thoroughly verify its reputation and reviews.
Please check the official website here for the latest products and features.
Chapter 3: Thorough Verification of Reputation and Reviews
To investigate reviews, Mr. A visited multiple information sources. Based on 13 reviews posted on Kakaku.com and other overall reviews, the sentiment breakdown is 70% positive, 20% neutral, and 10% negative, showing a generally favorable trend. However, since the number of reviews is limited, this should be taken as a reference only.
Main Positive Voices
"US stock fees are low, and 24-hour trading is attractive." (Source: A comparison site)
"Analysis tools are extensive, and professional-level information is available for free." (Source: Kakaku.com)
"I'm happy that Japanese stock fees are free." (Source: Official website review page)
"Zero foreign exchange fees are an appeal not found at other companies." (Source: Official website review page)
"Being able to practice with a demo account is beginner-friendly." (Source: Diamond ZAI)
Negative Voices
"It's disappointing that the number of accumulation investment funds is small and credit card accumulation is not available." (Source: A comparison site)
"I'm uneasy hearing that there were inappropriate operations related to NISA." (Source: Financial Services Agency announcement)
"There are too many functions, making it difficult for beginners." (Source: Official website learning content)
Common Concerns and Reality
Q. Is moomoo securities dangerous or suspicious? A. We understand your concerns. However, moomoo securities is a legitimate securities company registered with the Financial Services Agency and is also a member of the Investor Protection Fund. Since its parent company, Futu Holdings, is listed on the US NASDAQ, its financial information can be considered highly transparent. It can be judged that there are no safety issues.
Q. Is Japanese-language support okay given it's foreign capital? A. Japanese-language support is provided via phone, email, and chat, and the FAQ is also extensive. No major complaints about support quality have been seen from users who have actually contacted them.
Q. Can it be used for NISA? I heard there was a recommendation regarding inappropriate operations... A. Opening a NISA account (Growth Investment Limit / Accumulation Investment Limit) is possible. However, it is true that in June 2025, the Securities and Exchange Surveillance Commission issued a recommendation stating that some operations related to NISA were inappropriate (Source: Financial Services Agency). Please check the official announcement for specific details. moomoo securities has taken corrective measures, and NISA services are currently continuing. How to evaluate this point is left to individual judgment.
After synthesizing this information, Mr. A began to think, "Understanding the risks, the cost benefits and functional appeal are greater." However, he wants to make a final comparison with other companies before deciding.
If your concerns are resolved, please proceed to the next step.
Investment Notes All financial products introduced in this article are not principal-guaranteed and carry the risk of loss due to price fluctuations or exchange rate fluctuations. They do not guarantee profits. Please make investment decisions at your own responsibility.
Chapter 4: Thorough Comparison with SBI, Rakuten, and Monex
As a final comparison, Person A examined the three major online securities companies alongside moomoo Securities. The best choice of securities company depends on what you prioritize.
| Comparison Item | moomoo Securities | SBI Securities | Rakuten Securities | Monex Securities |
|---|---|---|---|---|
| US Stock Commission | 0.132% (Max USD 22) | 0.495% (Standard) | 0.495% (Standard) | 0.495% (Standard) |
| Japanese Stock Cash Commission | Free | Free (with conditions) | Free (with conditions) | Free |
| FX Commission | 0 yen (Real-time) | Paid (varies by conditions) | Paid (varies by conditions) | Paid (varies by conditions) |
| Number of Tsumitate Investment Trusts | 160 funds | 259 funds | 239 funds | 235 funds |
| Credit Card Accumulation | Not supported | Supported | Supported | Supported (with some conditions) |
| 24-Hour Trading | Supported (approx. 90% of US stocks) | Not supported | Not supported | Not supported |
| AI Analysis Tools | Equipped with 5 Major Investment AI | Basic only | Basic only | Basic only |
| Demo Trading | Supported | Partially supported | Partially supported | Partially supported |
| NISA Support | Supported (Growth & Tsumitate) | Supported | Supported | Supported |
Source: Each company's official website, comparison media (as of June 2026). Fees may vary depending on conditions as each company offers multiple fee plans. Please check the latest information on the number of credit card accumulation and tsumitate investment trust funds on the official website.
Who Should Choose Which Securities Company
- For those who want to actively trade US stocks and need advanced analysis tools → moomoo Securities. It is overwhelmingly superior in both cost and functionality.
- For those who want to focus on Tsumitate NISA or investment trust accumulation → SBI Securities or Rakuten Securities. They offer a large number of funds and support credit card accumulation. moomoo is inferior in this area.
- For those who simply want to trade Japanese stocks → SBI, Rakuten, and Monex are also available for free. moomoo also offers free Japanese stock trading, but its analysis tools may feel like overkill.
- For those who need 24-hour trading or want to respond to after-hours price movements → moomoo Securities is the only choice. This is a strength that other companies do not have.
Person A focuses on US stocks and also wants to trade at night. They are also interested in analysis tools. On the other hand, they could consider keeping their Tsumitate NISA with Rakuten Securities and using moomoo exclusively for individual stocks. Ultimately, Person A decided, "First, I'll open a free account and check the actual usability."
Please check the detailed conditions on the official comparison page.
Chapter 5: Steps from Account Opening to Starting Trading
We have confirmed the actual application procedure for Mr. A. Account opening with moomoo Securities can be completed entirely online.
Step 1: Apply Select "Open an Account" from the official website or app. Prepare your My Number Card or driver's license as identity verification documents.
Step 2: Enter Required Information and Upload Documents Enter basic information such as your name, address, and occupation. Take a photo of your identity verification document with your smartphone and upload it to complete the process. No mailing is required; everything can be done online.
Step 3: Start Trading After Screening is Complete Screening is completed in as little as the same day to about one day. Once approved, you can log in and start trading immediately. A key feature is that there is no minimum deposit requirement, allowing you to start investing with even a small amount.
Additionally, if you are unsure about actual trading, it is recommended to use demo trading (virtual trading). Since you can practice using real market data, you can get used to the operations before going live.
Mr. A decided to apply from his smartphone tonight. He plans to first open a free account, try demo trading, and then gradually transition to live trading.
You can open an account for free now. Why not take the first step?
Investment Notes (Reposted) The content of this article does not recommend the purchase or sale of specific financial products. Investments are not principal-guaranteed and carry the risk of loss. Please make investment decisions at your own responsibility and consult a professional as necessary.
Methodology and Disclosure
Verification Method: This article is based on publicly available information (official pages, third-party reviews, user testimonials) as of 2026-06-19. The editorial team has not actually subscribed to or used the services in question. Service details, fees, and campaigns are subject to change, so please check the official information before applying.
Affiliate Disclosure: This article contains affiliate links, and our site may receive compensation without additional cost to readers. Compensation does not affect the evaluation content.
Frequently Asked Questions
Is moomoo Securities safe? Is it registered with the Financial Services Agency?
moomoo Securities is a Type I Financial Instruments Business Operator registered with the Financial Services Agency (Kanto Local Finance Bureau (Financial Instruments) No. 3462) and is a member of the Japanese Investor Protection Fund. Client assets are held in segregated accounts, ensuring safety.
Can I use a NISA account? What about a Tsumitate NISA?
General NISA and specific accounts are available, but Tsumitate NISA is not supported. Additionally, in June 2026, the Securities and Exchange Surveillance Commission issued a recommendation regarding inappropriate business practices related to NISA, and improvements are currently being implemented.
How do I use demo trading?
After opening an account, you can switch to demo trading mode within the app to practice buying and selling using virtual funds with real market data. Beginners can learn the operations without any risk.
Are Japanese stock trading fees really free?
Yes, trading fees for Japanese cash equities are free. However, there are also paid plans depending on conditions, so please check the latest fee structure on the official website.
What is the minimum purchase unit for US stocks?
Regular US stocks can be purchased from 1 share. Additionally, with the micro US stock service, you can start investing from as little as 1 USD (approximately 150 yen), allowing small investments even in high-priced stocks.
Can I set up a credit card recurring investment?
No, moomoo Securities does not support credit card recurring investments. Since Tsumitate NISA is also not supported, it is not suitable for those who primarily want to do recurring investments.
What documents are needed to open an account? How long does the screening take?
You need an identity verification document (such as a driver's license) and your My Number. The screening is completed as quickly as the same day to within a few days, and the entire process can be done online.
Tell me about the Securities and Exchange Surveillance Commission's recommendation in June 2026.
In June 2026, the Securities and Exchange Surveillance Commission issued a recommendation to moomoo Securities regarding inappropriate business practices related to the solicitation of NISA accounts (such as insufficient verification of investment experience). The company is currently implementing corrective measures.
References & Sources
This article references publicly available information as of 2026-06-19.
- 【May 2026 Latest】moomoo Securities Review: Real Experience Review of US Stocks at $1, Zero Forex Fees, and 24-Hour Trading
- Recommendation Based on Inspection Results for moomoo Securities Co., Ltd.
- Kakaku.com - moomoo Securities Review & Ratings
- 【2026 Latest】moomoo Securities Review: Comprehensive Explanation of Pros & Cons and US Stock Options Overview
- 【2026 Latest Edition】What is the Actual Reputation of moomoo Securities? Comprehensive Explanation of Pros & Cons and Safety Based on User Reviews
- Is moomoo Securities Suspicious? Thorough Explanation of Reputation and Safety【2026】
- Fees (US Stocks, Japanese Stocks, ETFs, Investment Trusts) - moomoo Securities
- 【Official】moomoo Securities - No.1 Stock Trading App for US & Japanese Stocks
- Summary of moomoo Securities Account Opening, Fees, NISA, Number of Stocks, etc.【Updated May 2026】
- Zero Fees for Japanese Stocks & New NISA Trading - moomoo Securities
- What is "moomoo Securities" Strong in US Stocks? Thorough Explanation of Features, Pros & Cons【2025 Latest Edition】
- Thorough Explanation! Master moomoo Securities to Step Up Your Investing
- What is moomoo Securities? Comprehensive Explanation of Reputation, Pros, and Precautions
- 【Explaining the Recommended Points of moomoo Securities】A US-born Online Broker Especially Recommended for US Stock Investors!
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