moomoo: who holds your money

The route recorded for moomoo reflects the disclosure read on September 5, 2026. SIPC, protection for eligible brokerage assets, may cover securities and eligible cash remaining at the brokerage. Cash moved to program banks may qualify for FDIC, federal insurance for eligible deposits. SIPC limits do not apply to these bank deposits. FDIC coverage does not apply to securities.

Current commentary

As of September 5, 2026, moomoo is not a bank; securities and broker-held cash remain there, while swept cash sits at four program banks. Those banks are Apple Bank, letter D; BankUnited, National Association, letter D; East West Bank, letter C; and Prime Alliance Bank, letter A. These grades compare each bank with banks of similar size on this site. SIPC protection, coverage for broker-held securities and cash, is $500,000 per customer, of which up to $250,000 may be cash. Swept cash instead has FDIC pass-through insurance, deposit coverage reaching the customer through each bank, up to $250,000 per depositor, per bank.