Moomoo Trading in Canada: A Comprehensive Guide to Promotions, Account Opening, and Bonus Redemption
Moomoo, the innovative online trading platform backed by Futu Holdings, has rapidly expanded its presence in North America, with Canada emerging as a key market since its launch in 2023. This guide provides a detailed overview of Moomoo’s offerings in Canada, including exclusive promotions, step-by-step account opening procedures, and strategies to maximize bonus redemption, all presented in English to cater to the platform’s growing user base.

I. Moomoo’s Promotional Offers in Canada
Moomoo distinguishes itself through competitive incentives designed to attract both novice and seasoned investors. Below is a breakdown of current promotions:

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1. Welcome Bonuses for New Users
- Cash Rewards for Account Funding:
- New users who deposit CAD 100 into their Moomoo account receive a CAD 50 bonus.
- Larger deposits unlock higher rewards, with a maximum of CAD 1,550 available for qualifying deposits made before February 29, 2024.

- Stock Vouchers and Commission-Free Trades:
- Depositing USD 100 grants a USD 50 stock voucher, while a USD 5,000 deposit yields an additional USD 300 voucher.
- These vouchers can be used to offset trading fees or purchase eligible stocks.
- Referral Program:
- Existing users earn CAD 88 for each successful referral, while new users also receive CAD 88 upon signing up via a referral link.

2. Tax-Advantaged Account Incentives
Moomoo supports Canada’s registered accounts, offering fee waivers and bonuses:
- RRSP/TFSA Accounts:
- No minimum deposit required to open these accounts.
- Users funding their RRSP/TFSA with CAD 100 receive a CAD 50 bonus, with the same maximum of CAD 1,550 for larger deposits.
3. Trading Fee Discounts
- Low-Cost Trading:
- Moomoo charges USD 1.99 per trade for U.S. stocks and ETFs, significantly lower than competitors like TD Direct Investing (CAD 9.99/trade).
- Zero-commission fees for Canadian stocks and options.
- Currency Conversion Benefits:
- Favorable exchange rates for CAD/USD conversions: 0.09% transaction fee + USD 2 per conversion (vs. 1%+ at traditional banks).
4. Free Tools and Educational Resources
- Advanced Analytics:
- Over 100 technical indicators, 45+ drawing tools, and real-time Level 2 market data (exclusive to Moomoo in Canada).
- Free access to proprietary tools like Gann Box and Fibonacci Retracement.
- Learning Materials:
- 3,000+ multilingual investment courses covering basics to advanced strategies.
- Interactive webinars and community forums for peer-to-peer learning.
II. Step-by-Step Guide to Opening a Moomoo Account in Canada

Moomoo’s account opening process is fully digital and typically takes 10–15 minutes. Follow these steps:
1. Eligibility Check
- Residency: Open to Canadian citizens, permanent residents, and visa holders (including study/work permits).
- Age: Must be 18+ years old.
2. Required Documents
- Government-issued ID (e.g., passport, driver’s license).
- Proof of address (e.g., utility bill, bank statement).
- Social Insurance Number (SIN) for tax reporting.
3. Account Opening Process
- Download the Moomoo App:
- Available on iOS and Android.
- Register:
- Enter your email, create a password, and complete phone verification.
- Select Account Type:
- Choose from:Cash Account: For general trading.Margin Account: For leveraged trading (requires approval).RRSP/TFSA: For tax-advantaged investing.
- Fill Out the Application:
- Provide personal details (name, date of birth, employment status).
- Specify investment objectives (e.g., growth, income, speculation).
- Upload Documents:
- Scan and upload your ID and proof of address.
- E-Sign Agreements:
- Review and sign client agreements, risk disclosures, and tax forms.
- Fund Your Account:
- Link a Canadian bank account via bill payment or Interac e-Transfer.
- Minimum initial deposit: CAD 0 (no minimum for cash/TFSA accounts).
4. Approval Timeline
- Accounts are typically approved within 1 business day.
- RRSP/TFSA accounts may require additional tax documentation.
III. How to Redeem Bonuses and Rewards
Moomoo’s bonuses are credited automatically upon meeting eligibility criteria. Here’s how to ensure timely redemption:
1. Deposit-Based Bonuses
- Process:
- Fund your account within the promotional period (e.g., by February 29, 2024).
- The bonus will appear in your account within 5 business days.
- Example:
- Deposit CAD 100 → Receive CAD 50 bonus.
- Deposit CAD 10,000 → Receive CAD 1,550 bonus.
2. Referral Rewards
- Steps:
- Share your referral link via the Moomoo app.
- Both you and the referee receive CAD 88 once they deposit CAD 100.
3. Stock Vouchers
- Usage:
- Vouchers are applied automatically to eligible trades.
- Check your “Voucher Center” to track usage.
4. Commission-Free Trades
- New users receive 30 days of commission-free trading for U.S. stocks.
- Activate this offer via the app’s promotions page.
IV. Key Features for Canadian Investors
Moomoo’s platform is tailored to meet the needs of Canadian investors:
1. Multi-Asset Trading
- Access:
- U.S. stocks, ETFs, options, and ADRs.
- Canadian stocks and ETFs.
- Over-the-counter (OTC) securities.
2. Extended Trading Hours
- Canadian stock trading hours: 8:00 AM – 5:00 PM ET (longer than traditional brokers).
3. Market Data and Analytics
- Real-Time Data:
- Free Level 2 quotes for Nasdaq TotalView and NYSE OpenBook.
- Customizable watchlists and price alerts.
- Research Tools:
- Analyst ratings from 4,000+ Wall Street professionals.
- News feeds from Bloomberg, Dow Jones, and Reuters.
4. Customer Support
- 24/7 Live Chat: Available in English and Mandarin.
- Phone Support: Dedicated line for Canadian users.
V. Safety and Regulation
Moomoo Canada operates under stringent regulatory oversight:
- Regulator: Canadian Investment Regulatory Organization (CIRO).
- Protection: Member of the Canadian Investor Protection Fund (CIPF), insuring accounts up to CAD 1 million.

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VI. Conclusion
Moomoo’s entry into Canada has democratized investing by offering low fees, advanced tools, and generous promotions. Whether you’re opening a tax-advantaged RRSP/TFSA or trading U.S. stocks with zero commissions, Moomoo provides a compelling platform for both new and experienced investors. By leveraging its referral programs and deposit bonuses, users can maximize their returns while accessing world-class market data and educational resources.
Final Tip: Act quickly to secure limited-time offers like the CAD 1,550 deposit bonus (expires February 29, 2024). Start trading smarter with Moomoo today!