You’re an active trader who only wants to trade stocks, ETFs, and options. Moomoo’s $0 commissions means traders can keep more of their money in their pockets. While many trading apps offer free trading, Moomoo differentiates itself through its vast research tools. Its charting and technical research tools are far ahead of some competitors’. The free stock bonuses for signing up are also some of the best out there! All of these investing apps are fighting for users and as investors, we get to benefit from this competition in the form of lucrative signup incentives.
- There are over 60 technical indicators, 22 drawing tools, and options profit-and-loss analyses to help traders of all styles.
- An analysis tab on the desktop platform presents detailed valuations of a stock.
- Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
- These firms offer quick access to online trading thanks to the ease of sign-up and availability on desktop and mobile platforms.
- The mobile trading platform is available for Android and iOS.
See what actual investors are saying in real time about the stocks you care for free. YP – The Real Yellow PagesSM – helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. Securities offered through Robinhood Financial LLC and Robinhood Securities LLC, which are members of FINRA and SIPC. Moomoo has no minimum deposit requirement and offers free Level 2 data.
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You can also use its tools and resources to simulate trades or monitor market activity in real-time without incurring any fees. The app is accessible 24/7 if you need to adjust https://www.investopedia.com/articles/forex/11/why-trade-forex.asp your portfolio. Moomoo has an in-app active community where users can comment, tag, forward, initiate a vote, just everything that you can find in a mature online community.
There is an e-mail address (cs@fututrade.com), but online chat is only a dream at this point. The broker charges no per-contract fees, which is a huge benefit for active derivative traders. The broker has a user-friendly online account application through its parent company’s website at fututrade.com. You should engage in any such activity only if you are fully aware of the relevant risks.
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A glance at actual costs and whether moomoo is really free. Is moomoo legit features all the key aspects you need to look at to see if a broker is safe and legit. Look no further than our evaluation of the moomoo account opening. This is important for you because the investor protection amount and the regulator differ from entity to entity. It’s very easy to put any indicator on the chart; just right-click anywhere on it and select ‘Indicator management’. The search functions are good; you can search by typing a company’s name or an asset’s ticker.
The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. The demo account is great, as you can use almost all of the live account’s features. Moomoo has clear portfolio and fee reports, which are available from the left sidebar’s ‘Account’ or ‘Me’ menu. A bank transfer can take several business days, while payment with a credit/debit card would be instant. Credit/debit cards and electronic wallets are not accepted, a common practice at many US discount brokers.