moomoo

TVSM-BR v1.0.1 · custodial-safety model
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79/100
Strongof scored brokerages
Scored Entity · Canadian view
EntityMoomoo Financial Canada Inc.JurisdictionCanada — no entity mismatch (Canadian CIRO/CIPF entity); L3 disclosed: new entity (2023) + US sibling FINRA enforcementRegulatorCIRO (Investment Dealer, granted 2023) + Futu Holdings NASDAQ parentSchemeCIPF CAD $1M per account category (no excess insurance)
Dimension breakdown
Regulatory StandingPrimary driver8.6/1025%
Investor Protection8.7/1020%
Asset Segregation & Custody8.3/1020%

Asset-segregation composite governed by the weaker axis — (segregation × ) = 8.3, (custody tier) = 9.0. Dimension score = 8.3.

Financial Strength & StabilityLargest drag6.5/1014%
Withdrawal & Account Integrity7.0/1013%

Capped at 7.0/10 no negative-balance protection (jurisdiction not mandating it).

Transparency & Conduct6.4/108%
Withdrawal Integrity — dimension ceiling

No (jurisdiction not mandating it). Withdrawal Integrity is capped at 7.0/10 regardless of other withdrawal performance (it would otherwise be 7.8). Approximate composite impact: 1.1 points.

Verdict

moomoo scores 79/100 (Strong) — CIRO Investment Dealer and CIPF member with full Canadian regulatory coverage. Primary strengths are D2 Investor Protection (CIPF CAD $1M per account category, mandatory membership) and D3 Segregation and Custody (8.3/10): client assets are held at CDS, Canada's Tier-1 CSD, through Canaccord Genuity Corp. as named carrying broker — an established, CIRO-regulated Investment Dealer with direct CDS participant status. Largest drags are D4 Financial Strength (6.5/10) — moomoo Canada is a young entity (CIRO membership granted 2023, formerly OTT Financial Canada Inc.; Form 1 capital ratios not publicly disclosed for the Canadian subsidiary; Futu Holdings parent is NASDAQ-listed and profitable but is a foreign FinTech, not a bank group) — and D6 Transparency and Conduct (6.4/10) — order-routing details at the carrying-broker level are not independently published. L3 disclosed: two stress signals, both disclosure-only. First, moomoo Canada is a new CIRO entity with a short Canadian regulatory track record. Second, US sibling Moomoo Financial Inc. (FINRA CRD #298085) carries enforcement history in the trailing five-year window, attributed at group level per TVSM-BR §3.6; the Canadian entity itself has no CIRO enforcement actions.

Best for

cost-conscious Canadian investors who want $0 ETF commissions and a modern mobile-first platform; investors comfortable with a young CIRO entity (2023) backed by NASDAQ-listed Futu Holdings and Canaccord Genuity Corp. as named custodial carrier

Skip if

large-account holders who require Big Six bank backing or independently published order-routing disclosure; investors for whom a 2-year-old CIRO entity or Hong Kong-headquartered parent group raises risk or compliance concerns

TraderVerdict brokerage scores assess custodial safety from a Canadian investor perspective. Scores do not constitute investment advice. Verify all details directly with the broker before opening an account.

Evidence & Sources

Scores are on a 1–10 scale. = one step on the scoring ladder. Source links open primary evidence.

d3 segregation model9/10Source ↗

moomoo Canada uses a carrying broker arrangement: Canaccord Genuity Corp. (CIRO Investment Dealer, effective September 22, 2025; prior carrier Interactive Brokers Canada Inc.) holds and custodies client assets on moomoo Canada's behalf, maintaining CIRO-mandated segregation at the CDS level. Client securities legally segregated in CDS-registered accounts under CIRO Rule 4300 series.

d3 rehypothecation7/10Source ↗

moomoo Canada margin accounts subject to standard CIRO margin lending terms; Canaccord Genuity Corp. (named carrying broker, effective September 22, 2025) manages margin lending under CIRO requirements. No evidence of discretionary securities lending beyond client-instructed margin positions. Fully-paid securities lending program status not publicly disclosed.

d3 custody tier9/10Source ↗

CDS (Canadian Depository for Securities) is Canada's Tier-1 CSD. moomoo Canada client equities settled through CDS via Canaccord Genuity Corp.'s CDS participant account (named carrying broker, effective September 22, 2025). US equities cleared through DTCC via CDS Canadian-Link.

d4 operational history7/10Source ↗

Futu Holdings founded 2011; moomoo brand launched ~2018; Moomoo Financial Canada Inc. CIRO membership granted 2023. Global brand 13 years; Canadian entity ~2 years at scoring.

d4 parent backing7/10Source ↗

Futu Holdings Limited (NASDAQ: FUTU): NASDAQ-listed, Hong Kong-headquartered FinTech; market cap ~$5B USD (2025); profitable ($500M+ revenue); major Hong Kong regulatory licenses; US entity under FINRA; Canadian entity under CIRO.

d5 withdrawal reliability9/10Source ↗

moomoo Canada: electronic withdrawals via ACH or wire transfer. Carrying-broker settlement infrastructure provides reliable T+1 or T+2 withdrawal processing. No documented systemic withdrawal complaints on CIRO database.

d5 withdrawal friction8/10Source ↗

moomoo Canada: $0 commission on ETFs; low flat commissions on equities. Wire withdrawal: free or low-fee. No annual maintenance fee disclosed for standard accounts.

d5 extractive fees9/10Source ↗

$0 commission on ETF trades; flat commission per equity trade; no percentage-of-assets management fee; no percentage-based withdrawal fee disclosed.

d5 account erosion5/10Source ↗

moomoo Canada: inactivity or dormancy fee terms not prominently disclosed on public-facing pages at scoring date. Standard terms may include maintenance fees for very low balance or long-inactive accounts.

d6 ownership transparency7/10Source ↗

Futu Holdings Limited (NASDAQ: FUTU): NASDAQ-listed with SEC quarterly 10-Q and annual 20-F filings. Moomoo Financial Canada Inc. is a wholly-owned subsidiary; beneficial ownership fully disclosed through Futu Holdings' public filings.

d6 enforcement history6/10Source ↗

Moomoo Financial Inc. (US entity, FINRA CRD #298085): FINRA enforcement action(s) within 5-year trailing window at scoring date. Moomoo Financial Canada Inc. (formerly OTT Financial Canada Inc.): no CIRO enforcement actions found.

d6 execution conflict6/10Source ↗

moomoo Canada executes client orders through Canaccord Genuity Corp. (named carrying broker, effective September 22, 2025). CIRO prohibits payment for order flow (PFOF) in Canada. Order routing policy at the carrying-broker level not independently published by moomoo.

d4 regulatory capital6/10Source ↗

Futu Holdings Limited (NASDAQ: FUTU) Q3 2025: total assets HKD 148B+; revenue HKD 3.3B; profitable. Moomoo Financial Canada Inc. CIRO Form 1 (regulatory capital) not publicly disclosed for the Canadian subsidiary.

d4 client scale6/10Source ↗

Futu Holdings global clients: 22+ million registered users (Q3 2025). Moomoo Canada: newer market entry; Canadian client base not disclosed separately but materially smaller than the global base.

d1 entity tier8/10Source ↗

Moomoo Financial Canada Inc. (formerly OTT Financial Canada Inc., renamed June 29, 2023) listed as active CIRO Investment Dealer; CIPF participant (membership active since May 17, 2023 under OTT Financial name). Futu Holdings Limited (NASDAQ: FUTU) parent; US sibling Moomoo Financial Inc. (FINRA CRD #298085). Carrying broker: Canaccord Genuity Corp. (effective September 22, 2025; prior carrier Interactive Brokers Canada Inc.).

d1 license status10/10Source ↗

Moomoo Financial Canada Inc.: active CIRO Investment Dealer registration; Investment Dealer category; equities, ETFs, options products; no conditions noted on public CIRO register.

d1 supervision scope8/10Source ↗

CIRO Dealer Members subject to full prudential (capital adequacy, Form 1, segregation) and conduct (best execution, KYC, suitability) supervision. New member subject to CIRO enhanced oversight protocol for new entrants.

d2 scheme membership10/10Source ↗

Moomoo Financial Canada Inc. listed in CIPF Current CIPF Members directory. CIPF membership is mandatory for all CIRO Investment Dealer members; moomoo Canada is CIPF-eligible from membership commencement.

d2 coverage limit8/10Source ↗

$1 million for all general accounts combined...plus $1 million for all registered retirement accounts combined...plus $1 million for all registered education savings plans (RESPs) combined.

d2 excess insurance6/10Source ↗

No excess-CIPF or named private insurer found in moomoo Canada client agreement, regulatory disclosures, or FAQ pages reviewed 2026-06-07. CIPF base coverage only.

Primary sources

Every moomoo variable score traces to a public, primary source. The full verbatim extract and verification date for each is in the Evidence tab above; the underlying documents are listed here.

Regulatory registers we cross-check

TVSM cross-checks each firm’s regulatory standing and any disciplinary history against these public registers as part of the stability and transparency assessment.

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