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In the us, moomoo is a separate us entity with offices in california This may not feel like a lot, but if you're investing for fire, every bit counts, especially with the invisible power of compounding So moomoo us is considered a us domiciled company and subject to us law
How to place an order on moomoo
I believe that moomoo clears at interactive brokers (in us) and futu clearing (also owned by futu. (might be temporary) moomoo is still stuck at 0.99 per share. Moomoo is definitely cheaper and easier for me to use
Just like the others pointed out, its 0% comms and the platform is pretty intuitive for me
They have a couple of guides for the newcomers so you can take a look at them if you are keen to find out more. How is moomoo trading exchange I've been seeking information about moomoo and it looks promising I've seen it advertised on several youtube videos for a few years and i'm interested
I am a canadian citizen so i'm concerned about the limitations and regulations I've been with td and wasn't happy with the experience. The part that made me quit moomoo too is the advertisement before i can see my stocks, as well as the manual punch in for trading Lastly, they didn’t have simple covered call options
You can only sell naked calls (with $2000 min in account, yes they do have options), puts etc
Hardly any options for options. In moomoo.io you will encounter other players and it is up to you to determine whether or not they are a threat By swinging your weapon and contacting another player, you will deal damage to them based on what weapon/hat you are wielding and what equipment they’re wearing. Overall, not bad, would recommend, but just be aware of a couple things
Free stocks can be worth <$2, but only require maintaining a $100.01 balance for 60 days 5.1% apy is added daily, but the 3% boost is applied at the end of the month i must say they have great support. It shows that moomoo charges only $3 for trading $5,000, whereas cmc charges $11 for the same, which is a significant difference I'm seriously considering switching to moomoo for my future trades. Moomoo does not have currency conversion fees, imo you could go for webull instead, they have 0$ commissions rn
