Online Trading

Moomoo Inc. Review

moomoo Inc. offers the moomoo app, which is compatible with iOS, Android, and Windows devices. The app is part of Futu Holdings, Inc.

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Moomoo Inc. Pros & Cons
Pros
  • Free ETFs, Stocks, Options Only For US residents trading in U.S. markets, ADRs
  • Free Professional Data and Tools
  • Fast/Easy Account Opening
Cons
  • Margin Account Does Not Support IRA
  • Margin Account Does Not Support Crypto
Who Is Moomoo Inc. Recommended For?

Users of all levels can benefit from moomoo, though it helps to have some experience. This app is especially great for traders on the go, and its mobile compatibility has been one of its strongest suites. The California-based company offers many different products and services, as well as a community to connect and learn from 17 million traders.

Top Moomoo Inc. Features

  • Free Real-Time Level 2 Market Data. One of moomoo’s best features is its free, real-time level-2 market data, refreshing every 0.3 seconds. This data represents the U.S. stock market, and it displays real-time bids and asks at any price up to 40 levels. The level-2 exchanges are available from major exchanges such as NASDAQ Total View, NYSE ArcaBook, NYSE Openbook, COBE Direct Edge, and COBE Bats BZX.

  • Extended Trading Hours*. With moomoo, you can trade from 4AM to 8PM ET. When compared to other brokers, this is far more advantageous.

*more about extended trading hours: https://fastsupport.fututrade.com/topic127

  • Real-time, in-depth quotes. moomoo provides real-time quotes, refreshing them every 0.3 seconds. moomoo also has multiple time-frame charts and real-time market data from the Hong Kong and US stock markets, among others.

  • Visualized Company Financial, Fundamental, Technical, and Capital Data: moomoo visualizes the important indicators to each company. You can easily and quickly understand the overall situation of the stock you like, save your time and effort in the data research process and assist in investment decision-making.

  • Smart research tools. moomoo’s smart research tools include stock screener, stock compare, star institution list, AI forecasts, short-selling data, candlestick pattern, AI monitors, and price alerts.

  • 24/7 Financial News. moomoo has 24/7 financial news from financial publishers like Dow Jones, Reuters, Bloomberg, and more—all for free. There is also an aggregated financial calendar, which provides an update market overview. The moomoo editorial team hand-picks financial news each day.

  • Active Investment Community. moomoo’s investment community is very active, with 17 million users worldwide. This app offers social media connections, linking traders from all around the world who can share strategies and ideas.

Moomoo Inc. Overview
  • Type of Broker Non-Advisory/Executionary Broker
  • Regulation & Licensing Financial Industry Regulatory Authority (United States), Securities Investor Protection Corporation (United States)
  • Clients Accepted from U.S.
  • Assets Offered 8,000+ Assets
  • App Available iOS, Android, Windows
  • Mobile Compatibility iOS, Android
  • Payment Types Accepted Bank Wire Transfer, ACH
Moomoo Inc. Compliance & Regulation

moomoo is a professional trading app offered by Moomoo Inc. in the U.S., investment products and services on moomoo are offered by Futu Inc., regulated by the U.S. Securities and Exchange Commission (SEC).

Moomoo Inc. Pricing

When it comes to commissions, people trading in U.S. stocks, ETFs, ADRs, and options will not be charged a commission fees. However, fees vary for other categories, and Futu has an in-depth fee schedule on its website. We’ll give a brief overview below, but you can check the full schedule, under the “Pricing” part of the navigation bar, for more details.

There are no platform fees during the promotional period. The margin rate is 6.8% for long margin for U.S. stocks. The short margin’s rates vary based on the stocks. moomoo suggests that you refer to the “daily statement” on the app to find out margin rates.

Fees charged by the SEC and FINRA, two regulatory agencies that govern Futu Inc., vary based on the asset. Stocks, ETFs, and ADRs cost $0.0000051 per transaction. There are trading activity fees for stocks, ETFs, and AFRs, that are usually capped at $5.95 per trade (with a minimum of $0.01 per trade). Expect to see fractional SEC, trading activity, options regulatory, clearing, and exchange fees with the asset classes offered at Futu Inc via moomoo.

Moomoo Inc. Reliability & Security

Moomoo describes its platform as “powerful, fast, and stable.” Judging from the reviews posted on its website, its users seem to agree. The platforms are downloadable onto Windows or Mac desktops, and the app is compatible with Android phones. The downloadable client includes features like the AI Market Monitor, Advanced Charts and Customized Alerts.

These all help promote as stable a trading environment as possible, providing users with the information they need to make valid trades. The AI Market Monitor monitors market changes in volatile stocks, finding trading opportunities without requiring a manual configuration. Advanced Charts have sixty-two technical indicators and twenty-two drawing tools, which help Moomoo clients find trends and opportunities for their own investment strategies. Thirdly, customized alerts let clients generate notifications for indicator changes and price movements, allowing Moomoo to fully work for them.

Moomoo Inc. User Experience

In addition to the aforementioned features, which help create a positive user experience, moomoo also has pro-level tools, trade notes, and an earnings calendar on its app. Users who are used to sacrificing functionality for a mobile app won’t have to worry about that with moomoo. Its stock selection tools provide an easy way to find stocks, and its trade notes allow traders to track every trade and record all strategies. This function allows clients to continuously learn from their trades, while earnings calendars track account growth. All in all, the feature-heavy nature of moomoo makes it a very user-friendly trading app.

Final Thoughts on Moomoo Inc.

moomoo is a professional trading app that has a lot to offer. The app, which is compatible with iOS and Android, is its high point, and the app is available on Google, Windows, and Apple. Though moomoo has its cons in addition to its pros, the California-based company is a strong contender for U.S.-based traders.

Contact Info
laptop Email: support@moomoo.com
call Telephone: 650-798-5700
location_on Company Address:
Address: 720 University Avenue, Suite 100, Palo Alto, CA 94301
Moomoo Inc. FAQs

Q: How do I open an brokerage account?
A: There are a few ways to open an account on moomoo with Futu Inc. You can use the app or the website. Just choose the “Open Account” option on the app. You’ll have to verify your email and submit an application form on the website, you will go through a similar process when you click “Account” and “Open Account.”

Q: What is the app compatible with?

A: The app is compatible with iOS and Android. You can also download moomoo onto your Mac or PC.

Q: Does Futu Inc. charge commissions?

A: If you’re investing in U.S. stocks, ETFs, ADRs, ad options, there are no fees (but this is only for US residents trading in US markets). Other fees do apply (see the fee section).

Q: What do the different fees mean?

A: The SEC charges a transaction fee on its behalf, while FINRA requires its members to pay trading activities when they sell covered securities. The OCC collects an options regulatory fee from its members on behalf of U.S. exchanges. Lastly, the OCC charges a clearing fee on behalf of sixteen exchanges. Though Futu Inc. might not charge commissions fees, these independent agencies do.

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