For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms. Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform. Moomoo has email support during US trading hours and a 24-hour live chat support for investors seeking assistance with time-sensitive orders. It offers access to US, Hong Kong and Chinese stocks, but account options are limited. You can easiliy set alerts and notifications on the desktop trading platform. To do this, simply right-click on the chart and choose ‘set alert’ or click the bell icon.
- After all, these platforms let anyone open an account and quickly trade while on the go, all without paying commissions.
- Long-term capital gains are applicable when assets are owned for more than one year, with tax rates ranging from 0% to 20%, depending on your total taxable income.
- Moomoo differentiates itself by tailoring its offerings to active traders.
- One of the features we really like on this platform is the Inside Quote widget.
- In contrast, level I data just shows traders the best recent bid and ask prices, so there’s no order book depth.
- You’re also able to customize your alerts around velocity.
Many competing trading platforms charge for real-time market quotes. Moomoo is an online broker that lets you trade commission-free stocks and ETFs as well as options. Its main selling point is the amount of free data you get, plus access to Hong Kong and Chinese markets. Although the interface might be a bit intimidating for newer investors. Moomoo is a very robust investment app and offers significant value for the right type of person. It’s one of the only apps that bring all the options available to an experienced trader familiar with trading on a desktop to mobile. Yes, that does come at the cost of a more complex user experience, as Moomoo packs as much as it can onto your mobile screen.
User Reviews
In our experience, eligible countries can change from time to time, but as of this writing, moomoo accepts clients only from the US and Singapore. David https://forexreviewdaily.com/moomoo/ S. Chang, ChFC®, CLU® is an award-winning entrepreneur and financial planner with over two decades of experience in the personal finance space.
Paper trading is a huge plus, as it gives you the option of trying out Moomoo risk free. The interface is in fact a little overloaded, but once you get the hang of it, you appreciate all the additional information it provides.
How’s Their Trading App?
Its charting and technical research tools are far ahead of some competitors’. Create a moomoo desktop free account with Moomoo today and experience all the mobile-trading app has to offer.
For more information, please read our full disclaimer. If you actively trade and want this free data and great charting tools, moomoo is worth trying. Just note its limited account types and assets are two downsides. And if you’re a new investor, be prepared for the learning curve since moomoo gives you a lotof data at your fingertips. As one of the newer brokers on the scene, there’s several reasons to be excited about moomoo. Most notably, the free level II data isn’t something you get with most of its competitors.
How Do I Contact Moomoo Support?
BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. Krisztián has 15 years of experience in proprietary https://www.investopedia.com/articles/forex/11/why-trade-forex.asp trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex.
With Moomoo’s Strategy tap, customizable screeners for stocks, ETFs, options, and even international securities can be built, saved, and sync to go. You can sort equities by various conditions, including market factors, fundamentals, and technical factors. Forex Be on top of the market with Moomoo’s custom alerts feature. This is perfect for those who want to be aware of what’s going on with certain stocks at all times of the day. You can customise the alert by price levels and percentage changes.
Real Quick
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Level 2 market data with real-time bids and asks it’s one of its stand-out features. Plus now you can get 6 free stocks when you sign up and complete the requirements. Moomoo offers zero-commission trading with no inactivity fees for U.S. residents trading in the U.S. markets. It’s also great that the fee structure is transparent and easy to understand.
Moomoo is a member of the Securities Investor Protection Corporation . Within the community, investors can post, share, create polls, and moo moo investment anything else you would expect from an online community. The firm can also sell your securities or other assets without contacting you.