MooMoo Financial Inc. Trading Platform Review 2022

TL; DR Fast Review

Moomoo is a trading app that is available on Google, Apple and Windows devices. It is a commission free trading platform brought to you by FUTU Holdings LTD. (NASDAQ: FUTU). Regulated by the Securities and Exchange commission (SEC) and the Financial industry Regulatory Authority (FINRA).

If you are looking for a great alternative to Robinhood or Webull, look no further and start trading with MooMoo. It offers research and analysis tools, international trading, pre-market and after-market extended hours. However, its most popular tool used is the FREE level 2 quotes!! Great tools for both new and expert traders. If you want smart trading, then this is an outstanding platform to use.

Get started and download Moomoo on your phone and get your free stocks when you sign up!

Moomoo Financial Pro's and Con's

Pro's:

1. Commision Free Stocks, ETF and Options
2. No minimum deposit to open an account.
3. Free real-time Level 2 market data (NYSE)
4. Powerful Research Tools Paper Trading

Con's:

1. Offer Limited Products and Account Types
2. Limited Costumer Service
3. Can be Overwhelming

Who is Moomoo Financial Inc. recommended for?

Moomoo was created as a platform for intelligent trading, but investors may also profit from low fees.

This mobile trading platform combines its advanced features into a single app. It is free and simple to use for both new and veteran traders. A variety of research tools can assist you in making good financial decisions. If you want to practice the investment experience before going all in, there's also a paper trading function with real-time data.

Moomoo lets you invest whenever it is convenient for you. With your personalized set-ups linked across many devices, you can make trades whether on the move or at home. Furthermore, there is no minimum deposit required to start an account.

Expert Traders

Experts traderts love what Moomoo has to offer in terms of tools. Get free quotes, execute trades with smart orders or monitor the market trends using powerful data tools.

New Investors

Moomoo isn't just for advanced traders. If you are new and still doubting your skills, you can always use their paper trading feature and trade risk free until you have developed the knowledge and improved your skills.

Moomoo Financial Inc. Tools and Features

Moomoo has platforms on mobile, PC and even ipads and you can sync all the tools in every one of those devices. Users will grow their techniques and experiences fast with Moomoo.

Free Level 2 quotes:

Free level-2 market data that is updated in real-time every 0.3 seconds is one of Moomoo's finest features. This information shows US real-time asks & bids at up to 60 levels. Major exchanges including NASDAQ TotalView, NYSE Openbook, COBE Direct Edge, and COBE Bats BZX provide the level-2 interaction.

Extended Trading Hours:

With Moomoo you can trade as early as 4AM and as late as 8PM

Advanced Charts:

Even day traders will find Moomoo's charting tools interesting. These include some common charts like bars, hollow candles, full candles, lines, and mountains as well as complex multi-charting with 63 technical indicators, including the VWAP. It offers all time intervals, ranging from one minute to one year.

24/7 Finance News:

Investors may always stay up to date on Wall Street thanks to Moomoo. In addition to its unique market insights, Moomoo provides news feeds from well-known financial media outlets including CNBC and Dow Jones Newswires. Additionally, feeds may be altered according to locations and a calendar.

Multi-Market Quotes:

Moomoo has market information, not just from the U.S, but also from China, Hong Kong, Crypto, Forex, and Bonds. Stocks and Futures are included.

Market Alerts:

On Moomoo, alerts may be customized and are detailed. In order to not miss any critical possibilities, users may establish their own price alerts, bid/ask alerts, and event alerts, with in-app and phone notifications sent. All configurations are synchronizable, enabling you to monitor the market from any location at any time.

Additionally, its AI Monitor protects the market from being overly monitored by making it simple to locate stocks that are changing among the hundreds of data points fighting for attention, as well as by charting long/short distribution and price volatility to measure market emotion.

Customizable Smart Orders:

Moomoo includes advanced stock orders like stop limits and trailing stop loss orders. Can do up to 40 orders at once using this feature.

Tools and Analysis:

Customizable screeners for stocks, ETFs, options, and even foreign securities may be created, stored, and synced using Moomoo's Strategy software. Equities may be sorted based on a number of criteria, such as market, fundamental, and technical variables.

Active Community:

With 18 million users globally, the moomoo investing community is incredibly active. It provides social media links that bring together traders from across the world to exchange ideas and techniques.

Is Moomoo Financial Inc. Commission and fee free?

First and foremost, Moomoo has no commissions for trading stocks or options, and there are no platform or options contract costs. The following basic costs apply to you:

Stocks: Securities and Exchange Commission (SEC) transaction fee of $0.0000207 for sell orders; a Financial Industry Regulatory Fee (FINRA) trading activity fee of $0.000119; American Depositary Receipt (ADR) custodian fee of $0.01 to $0.05 per share

Options: SEC transaction fee of $0.0000207 for sell orders; a FINRA Trading Activity Fee of $0.000119; an Options Regulatory Fee (ORF) of $0.0379 per contract; an OCC fee of $0.05 per contract for 0 to 999 contracts or $55 per trade for over 999 contracts; an exchange fee that varies by exchange

Owners of Moomoo accounts benefit from commission-free trading, free data for real-time monitoring, and no monthly maintenance expenses. However, as mentioned above, there are a few small costs for trading stocks and options.

Is Moomoo Financial Inc. Reliable and Secure?

Its app is "professional, quick, and stable," according to Moomoo. Its users appear to agree based on the testimonials displayed on its website. The software may be downloaded onto a Mac or Windows computer, and the app works with iOS and Android mobile devices. Features like the AI Monitor, Advanced Charts, and Customized Alerts are available in the client that may be downloaded.

All of these contribute to a trading environment that is as stable as possible and provide customers the knowledge they need to execute reliable transactions. Without the need for manual setting, the AI Monitor maintains track of market moves in erratic stocks to identify trading opportunities. The 63 technical indicators and 38 drawing tools in Advanced Charts assist moomoo users in identifying trends and opportunities for their own investing strategies. Thirdly, clients may create notifications for indicator changes and price changes using customized alerts, making moomoo completely useful for them.

Is MooMoo Financial Inc. Safe?

You may relax knowing that Futu, the company's parent, is a U.S. Securities and Exchange Commission-registered broker-dealer. It belongs to both FINRA and the Securities Investor Protection Corporation, to reiterate.

These registrations guarantee Moomoo's financial security up to the amounts mentioned. If you're curious to learn more about how your information is used, be sure to read the specifics of Moomoo's personal information privacy rules.

Moomoo Financial Inc. Final Thoughts

Moomoo is a dependable platform to develop your investments whether you're a novice or seasoned investor. You may start trading with it after completing its quick application process, and you get commission-free trading.

Additionally, you are not required to pay any fees in order to utilize its tools and resources to replicate trades or track market activity in real-time. If you want to change your portfolio, you may do it anytime using the app.

Open a free Moomoo account today to take advantage of all the trading features available. While at work, home, or on the road, you may invest with companies you value.

Moomoo Financial Inc. FAQ’s

Questoin 1: Is Moomoo legit?

Answer: Yes! It is owned by Futu Holdings Ltd. And is registered with the SEC and a member of FINRA.

Question 2: Can I Day Trade With Moomoo?

Answer: Yes. Must have a value account of over $25,000

Question 3: Can I trade penny stocks on Moomoo?

Answer: Yes. There are penny stocks on Moomoo

Question 4: Does Moomoo offer Paper Trading?

Answer: Yes. Moomoo’s paper trading with real-time data is great for beginners