General Information
Moomoo Is A MAS Regulated Trading Platform That Provides Tools And Resources To A Wide Range Of Investors, Designed To Facilitate Access To Global Financial Marekts. Moomoo Is Designed To Support Both Novice And Seasoned Traders, Providing Features That Adapt To A Variety Of Trading Styles And Preferences. The Platform Provides Real-time Data And Multiple Trading Tools, Including Stocks, Options, And Futures.
Pros And Cons
As A New Entrant To The U.S. Discount Coupon Brokerage Industry, Moomoo Offers Several Advantages. It Offers Low Commissions For Stock And ETF Trading, And The Same Is True For Options Trading. Traders Benefit From A Fast Screen, Secondary Market Data, And Access To Chinese Class A Shares And Hong Kong Stock Markets, Features That Are Not Commonly Found In US Brokers. In Addition, Moomoo Offers Above-average Margin Rates, Which Are Attractive To Traders Who Take Advantage Of Margin Lending.
However, There Are Also Some Disadvantages To Consider. Moomoo Has Implemented Higher Transfer-out Fee Handling Fees, Which May Prevent The Transfer Of Large Assets.
Is Moomoo Legal?
Moomoo Operates As A Legitimate Financial Trading Platform And Complies With Regulatory Requirements From Authorities. It Is Regulated By The Monetary Authority Of Singapore (MAS) Under License Number CMS101000.
Market Instruments
Moomoo Offers A Diverse Range Of Market Instruments That Cater To A Variety Of Investment Preferences And Strategies. The Platform Allows Users To Trade Stocks, Including Numerous Listed Companies From Different Industries And Sectors. In Addition, Moomoo Also Offers Options Trading, Giving Traders The Flexibility To Speculate On Future Price Movements Or Hedge Existing Positions. For Those Interested In A More Diversified Approach, Moomoo Also Offers A Variety Of Funds, Including Mutual Funds And Exchange-traded Funds (ETFs), As Well As US Treasury Securities Known For Their Safety And Stability.
In Addition, Moomoo Plans To Soon Launch A Cryptocurrency To Enable Users To Participate In The Dynamic And Rapidly Evolving Digital Asset Market.
Features
Moomoo Offers A Powerful Set Of Features Designed To Enhance The Trading Experience For Both Novice And Experienced Traders. The Platform Offers Advanced Charting Capabilities, Where Users Can Choose From 63 Indicators And 38 Advanced Plotting Tools To Facilitate Detailed Technical Analysis To Guide Trading Decisions. In Addition, Moomoo's Stock Analysis Tools Are Equipped With Real-time Data To Provide Traders With Up-to-date Information To Help Them Stay Ahead In The Fast-moving Market.
For Those Who Wish To Deepen Their Understanding Of Trading And Investment Strategies, Moomoo Also Offers "Learn Premium" Courses, Consisting Of 8 Advanced Courses With A Total Of 120 Lectures. These Educational Resources Cover A Wide Range Of Topics And Are Designed To Enhance Traders' Knowledge And Skills In A Structured Learning Environment. Overall, These Features Make Moomoo A Platform That Fully Supports Effective Trading And Continuous Learning.
Fees
Moomoo Offers A Competitive And Transparent Fee Structure On A Variety Of Market Instruments, Making It An Attractive Option For Investors Seeking Cost-effective Trading.
For US Stocks, ETFs And Tiered Stocks, Moomoo Does Not Charge A Commission And Only Charges A Minimum Platform Fee Of $0.99 Per Order. In Singapore, Trading In Stocks, ETFs And REITs Is Commission-free For The First Year, Followed By A Trading Fee Of 0.03% And A Minimum Fee Of $0.99 Per Order. The Fee For Hong Kong Stocks And ETFs Is 0.03% Of The Amount Invested Or HK $3, Whichever Is Higher, Plus A Platform Fee Of 180 Yen Per Order. Trading In Chinese Class A Shares Requires A Commission Of 0.03% And A Minimum Of RMB 3 Per Order, Plus An Additional Platform Fee Of RMB 15 Per Order. Trading Fees For Japanese Stocks And ETFs Are 0.08% With A Minimum Of 80 Yen Per Order, Plus A 180 Yen Platform Fee Per Order.
This Structured Fee Approach Ensures That Traders Can Effectively Manage Trading Costs While Accessing A Diverse Global Market Through Moomoo's Platform. More Detailed Information About Fees Can Be Found On Their Website.
Simulated Trading
Moomoo Offers Traders An Excellent Opportunity To Hone Their Skills And Test Strategies Through Its Simulated Trading Feature. This Simulated Trading Allows Users To Trade Using Virtual Currencies, Simulating A Real Market Environment Without Any Financial Exposure.
To Further Enhance This Experience, Moomoo Also Offers A Simulated Trading Calculator That Helps Traders Analyze Trades, Understand Potential Profits And Losses, And Make Informed Adjustments Based On Hypothetical Outcomes. This Tool Is Particularly Valuable For Beginners Who Are Learning Trading Skills And Experienced Traders Who Are Testing New Strategies.
Promotions
Moomoo Offers A Variety Of Engaging Promotions Designed To Attract New Users And Reward Existing Ones. New Traders Can Receive A Starter Kit Worth Up To $970 From A Generous Welcome Bonus Program, Which Is An Attractive Incentive For Those Just Starting Out In Trading. In Addition, Moomoo Encourages Users To Invite Friends To Participate In The Referral Reward Program, Where Referrals And Referred Friends Can Share A Total Of $1,200 In Rewards.
For Those Looking To Consolidate Their Investments, Moomoo Offers In-turn Promotions Where Customers Can Receive High-value Items Such As IPhone 15 Pro Max As A Reward For Transferring Assets To Moomoo. In Addition, For Traders Looking To Enhance Their Investment Skills, Moomoo's Learn Premium Offers Advanced Courses Designed To Enhance Their Investment Knowledge.
Customer Support
24/7 Live Chat
Phone: + 65 6321 8888
Email: Clientservice@sg.moomoo.com
