Is moomoo a Legit Inventory Buying and selling Platform?

Right now’s traders have an ever-growing listing of websites and providers to select from when deciding the place to get their info, run their screeners, chart their picks in opposition to technical indicators, and each different investing-related exercise.

If they really need to commerce shares on any of the insights they garner from all their legwork, nevertheless, they normally must pop over to brokerages and buying and selling platforms like eTrade or Robinhood. 

For no matter purpose, it’s onerous to seek out an simply accessible service or software program that may do each buying and selling and in-depth evaluation, and it’s notably onerous to seek out one that may do all of it with a smooth, fashionable interface. There actually aren’t that many providers on the market, so you may think about how good it’s after we do come throughout one. 

Moomoo, the factor we’re right here to speak about, is a kind of multifunctional platforms that may do each buying and selling and evaluation. And earlier than we go any additional: it’s price a take a look at the very least. 

Additionally earlier than we go any additional, let’s discuss in regards to the identify. Moomoo. Look, we get it, the emblem is a bull, as in bull market or as within the huge bull on Wall Avenue. Bulls moo, and younger youngsters typically name cows moomoos. However one take a look at moomoo’s interface will let you know that their platform is something however infantile. 

Inaccurate identify apart, moomoo is a formidable piece of software program. So let’s have a look on this moomoo evaluation at what it’s about, what it will possibly do, and what it truly appears to be like like in motion. 

The Voodoo That Moomoo Do Do

Platforms

Very first thing’s first: moomoo is obtainable just about wherever however in a browser. You’re going to must obtain the software program if you wish to use it. It’s actually not an enormous deal, although it could elevate some eyebrows for individuals who’ve gotten used to having a browser-based choice. 

For those who use moomoo on a desktop and really feel like going all cyberpunk with it, the software program helps as much as 6 displays without delay. That’s 6 screens of charts, information, bid/asks, information feeds, or no matter else you need to have proper in entrance of you.

Simply ensure you have a pc with a robust GPU, or at the very least a monster of a CPU, and loads of RAM. Oh, and displays. You’re going to wish a ton of displays to make use of moomoo.  

Markets 

Moomoo customers can commerce all US shares—exchange-listed and over-the-counter—ETFs, and choices, plus a number of American Depository Receipts, Hong Kong shares, and Chinese language A-shares. 

All US-based trades are commission-free on moomoo, although there are some charges related to worldwide trades.

Market Knowledge 

Chances are you’ll be restricted to buying and selling shares, ETFs, and such on moomoo, however that doesn’t cease them from offering real-time information on a metric ton of different markets and asset lessons. 

Worldwide Markets

If you wish to take a look at worldwide markets, for example, you may click on round and discover information from these nations on moomoo:

• Canada
• Japan
• Australia
• Singapore

It’s fairly cool to have the ability to have entry to Hong Kong shares in addition to the New York Inventory Change (and extra) in a single platform.

Asset Courses

And that hardly scratches the floor. You may as well discover up-to-date info on every kind of various asset lessons on moomoo, together with: 

• Cryptocurrencies
• Futures
• International Change
• Bonds
• Warrants

Professional Tip:

Moomoo is a uncommon mixture of a brokerage that provides COMMISSION-FREE U.S. buying and selling in addition to FREE degree II market information and charting capabilities. Join moomoo in the present day to get began with this free, all-in-one buying and selling platform and obtain as much as 15 FREE STOCKS!

Actual-Time Knowledge

Talking of information, moomoo goes out of its method to supply its customers with inventory quotes and market actions in as near real-time as attainable. They proudly declare that they refresh the info from US markets (worldwide markets have a time delay) each 0.03 seconds, which is fairly near the quickest a 60Hz monitor can show the adjustments. 

Along with these ridiculously fast updates, moomoo additionally offers entry to real-time Degree II information with as much as 60 ranges of bids and asks. In case you don’t know, Degree II information offers you a a lot deeper look into the scope of the bids and asks that decide the value of a inventory. 

For those who largely take longer-term positions and aren’t doing quite a lot of intraday buying and selling, then moomoo Degree II information in all probability gained’t be that helpful. In case you are a day dealer who does quite a lot of intraday buying and selling, however, it may be an invaluable instrument for figuring out the demand for any given inventory and predicting short-term worth actions. 

A whole lot of providers solely present Degree II information to paying subscribers, if in any respect, so moomoo offering it without spending a dime is low-key sort of an enormous deal. 

The Information Feed

Moomoo needs you to have all of the information. Their information feed is lengthy and numerous, with tales sourced from over 200 totally different publications. It’s not only a single information feed, both. For those who click on on any given inventory, bond, ETF, market, and many others, you may navigate to its particular person information pane for a listing of current related tales collected in a single place. 

For those who go to the primary information tab on moomoo, you too can discover all of the information tales related to shares/property in your watchlist, plus an interactive calendar that’s mechanically populated with all of the vital occasions arising within the economic system and in your shares’ futures.

It’s simply stuff like upcoming earnings bulletins and new financial information like jobs numbers and such, however it’s nonetheless a pleasant little function to have on moomoo.  

The Group 

For those who’ve ever needed to speak to finish strangers about investing with out leaving your buying and selling platform, now’s your probability. Moomoo’s chatroom/social media-esque options allow you to entry various totally different areas for merchants to hang around and discuss.

You possibly can chat, make pals, and begin teams and group chats with these pals should you so want. Once more, not a vital function, however nonetheless fairly cool.

Chart-Topping Charts

Moomoo’s charts will not be messing round. They’ve all of the common stuff like line graphs, candlesticks, a number of time frames, and market/inventory comparisons, however they don’t cease there. 

No, significantly. They go onerous.

Are you into technical evaluation? Like slapping indicators on graphs and twiddling with shifting averages and Bollinger bands like some sort of fiscal Nostradamus? Nicely, you’re in luck. 

Moomoo’s charts help a ton of various indicators—63 of them, to be actual—and you may apply, tweak, and cross-compare as lots of them as you need at a time. You possibly can even change the colours of every indicator that can assist you make sense of the tangled internet of strains and sticks that you recognize you need to make. 

And if these preset indicators aren’t sufficient for you, moomoo comes full with a customized indicator creator instrument. You possibly can select from any mixture of the 190+ preset features to make your very personal prognosticating instruments for a really bespoke digital tea leaf studying expertise.  

Oh, and you understand how most charts simply form of sit there all static and whatnot? Yeah. Moomoo does issues a bit of in a different way. You can choose to make changes and many others with all of the little buttons on the edges of the charts, however that’s child stuff. No, you need to open up the drawing menu and get all Stunning Thoughts with it, don’t you?

Excellent news: moomoo has 38 totally different drawing instruments so that you can make your mark on any chart you please. You possibly can draw your personal development strains, isolate and establish tendencies in sure time intervals, and apply all of it in opposition to any technical indicators you need to apply on the chart alongside your personal work.

Consider it like a digital whiteboard so that you can work out your ideas and spot fascinating patterns from the consolation of your desk chair. 

 Various Chart/Knowledge Stuff

This can be a fast part dedicated to the options that didn’t match neatly within the different classes. 

• Brief Sale Quantity: A set of charts that present brief sale volumes. Provides you a visible illustration of brief indicators, brief curiosity, day by day brief quantity, and different short-related information
• Institutional Holdings: Charts that, when information is obtainable, present a visible illustration of aggregated institutional holdings and offers some evaluation
• Firm Valuations: Charts and datasets that allow you to use PB, PE, and PS fashions to judge shares and their valuations. Additionally helps you to graph in opposition to historic information
• Monetary Stories: Provides you a method to consider earnings reviews and monetary reviews utilizing charts, graphs, and key indicators like income and previous progress charges

Professional Tip:

Moomoo is a uncommon mixture of a brokerage that provides COMMISSION-FREE U.S. buying and selling in addition to FREE degree II market information and charting capabilities. Join moomoo in the present day to get began with this free, all-in-one buying and selling platform and obtain as much as 15 FREE STOCKS!

Nice, However What’s it Truly Like? 

No moomoo evaluation can be full with out an precise walkthrough of the platform.

So let’s check out what utilizing moomoo is definitely like. For this instance, we’re going to lookup a inventory (AAPL), take a fast take a look at its worth and monetary information, and purchase a share. Prepared? 

Step 1: Open up moomoo. Under you’ll see the dashboard of a pattern account when logging on. 

As you may see, the dashboard mechanically contains portfolio info within the middle, normal account info on the left, and information that we’ve appeared up beforehand on the precise for a inventory known as Futu Holdings. 

Our portfolio is lacking one thing, although. How a few new inventory?

Step 2: Search for the inventory. Under, you’ll see the dashboard display screen with the search operate open and pointed towards AAPL.

There’s fairly an extended listing of choices, however the one we’re searching for is on the very high. Apple Inc. You recognize, the individuals who made the telephone you’re in all probability utilizing proper now. 

Step 3: Check out the inventory.

Now we’re on the default view that pops up if you navigate to AAPL’s web page. It’s extremely customizable—nearly each little bit of it may be tweaked, hidden, or expanded—and there’s lots happening, so let’s break it down.  

The center of the display screen reveals AAPL’s worth adjustments in intraday buying and selling in the present day with a development line to easy issues out. On the highest proper you’ll see a few of AAPL’s historic worth information, and beneath it you’ll see a few of the bid/ask spreads from the buying and selling day. Below that you’ll see the Degree II information that reveals a number of ranges of bid/asks. 

To the left of the Degree II information is what we’re searching for: the buying and selling interface. The value is ok, so we’re going to wish to alter the “Type” to “MKT Purchase.” There are quite a lot of different choices for purchasing and promoting, although, together with stuff like “Restrict,” “Market,” “Trailing Cease Restrict,” and a bunch of different choices. 

Right here’s a better take a look at the buying and selling interface earlier than we make the commerce. 

So congratulations (to us)! One share of AAPL. Billionaire standing, right here we come. 

And that completes the walkthrough portion of this moomoo evaluation.

Professional Tip:

Moomoo is a uncommon mixture of a brokerage that provides COMMISSION-FREE U.S. buying and selling in addition to FREE degree II market information and charting capabilities. Join moomoo in the present day to get began with this free, all-in-one buying and selling platform and obtain as much as 15 FREE STOCKS!

Is Moomoo Legit?

If this uncommon mixture of buying and selling capabilities and top-notch information sounds too good to be true, you may be questioning:

Is moomoo legit? Is moomoo protected?

Moomoo is closely regulated and its purchasers are insured, so we will say with confidence that sure, moomoo is protected.

Like most different professional funding platforms, moomoo is closely regulated. Each the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The federal government company (SEC) and government-authorized nonprofit (FINRA) ensure that moomoo is following the regulation and being trustworthy with traders.

Moomoo can also be a member of the Securities Investor Protection Corporation (SIPC), which insures the property in your brokerage account within the occasion that your brokerage fails. You’re insured as much as $500,000, together with $250,000 for claims for money. Understand that the SIPC doesn’t shield you within the occasion {that a} inventory you’ve purchased declines in worth.

Conclusion

Moomoo is an inaccurately named inventory buying and selling platform that has a ton of nice options. It’s comparatively simple to make use of, jam-packed with options, and provides common traders the flexibility to commerce in worldwide waters.

It’s no surprise the platform has acquired awards from platforms like Fintech Breakthrough, Investing Easy, and Benzinga. (Learn our Benzinga Assessment.)

Though commission-free buying and selling and degree II market information are nothing new on this period of democratized investing, moomoo offers a uncommon mixture of the 2.

Whereas some platforms provide these options, it’s normally one or the opposite, not like moomoo.

You normally join both a inventory analysis platform to get market information or a buying and selling platform to commerce shares.

Some brokerages could provide each, however that entry normally sits behind the paywall of a premium subscription.

Moomoo, nevertheless, provides each inventory buying and selling AND degree II market information for FREE.

That’s not one thing you see on daily basis.

So should you’re searching for a brand new place to commerce or simply really feel like downloading one thing, why not give it a shot?

For those who’ve had success with moomoo or are contemplating giving it a strive after studying our moomoo evaluation, tell us within the feedback beneath!