- MOOMOO IO UPDATES FOR FREE
- MOOMOO IO UPDATES HOW TO
- MOOMOO IO UPDATES FULL
- MOOMOO IO UPDATES WINDOWS
MOOMOO IO UPDATES FULL
It is a feature-rich platform, offering real-time charts and full trading history. Alternatively, there are QR codes on the broker’s website for easy download.
MOOMOO IO UPDATES FOR FREE
This is available for free download to iOS and Android devices from the relevant app store. Moomoo’s big selling point is its intuitive mobile app. Traders can lose more than their initial deposit, so consider if this is right for you before trading. The annual margin rate (i.e interest on borrowed funds) is also fairly high, at a flat rate of 6.8% vs 2.5% at Robinhood. However, if your net assets are less than $2,500, this option may not be available. Margin trading is available on US stocks up to a maximum of 1:2. Vs competitors such as WeBull, Interactive Brokers and eToro, the fee structure is easy to understand. A full fee schedule is available on the broker’s website.Ĭrucially, there are no account opening fees, maintenance charges, or inactivity fees, meaning traders can calculate profits on a per-trade basis. There is also a 15 HKD /15 CNH per order platform fee and various regulatory charges including stamp duty, trading tariffs, and exchange settlement fees.
These are charged at 0.03% or 3 HKD/3 CNH (whichever is higher). Other charges include trading activity fees ($0.002 per contract, min $0.01 per order), an options regulatory fee ($0.0378 per contract) and OCC fees ($0.02 per contract (0-2750 contracts) or $55.00 per trade (>2750 contracts).įor Hong Kong stocks and China A-shares, there are commission fees. This is not broker-specific and the rate is negligible (0.0000051 x transaction amount at the time of writing). However, regulatory charges are applicable, for example, the US Securities and Exchange Commission (SEC) charges a small fee for stock sell orders. With Moomoo, stocks, ETFs, and options trading are commission-free for US residents.
Head to the ‘additional features’ section below for more details.
MOOMOO IO UPDATES WINDOWS
Clients can download the platform to desktop devices and it’s compatible with Windows and Mac. Moomoo offers a proprietary trading platform that is suitable for both new and experienced traders. Moomoo’s parent company, Futu, is backed by notable investors, including Tencent, Matrix, and Sequoia. In Singapore, the service is regulated by the Monetary Authority of Singapore (MAS). Primarily aimed at US and Chinese investors, Moomoo is regulated and authorised by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The broker’s mission is to provide investors with an intuitive and powerful investment platform backed by innovative technology. Moomoo Inc is a subsidiary of Futu Holdings Ltd and was established in March 2018.
MOOMOO IO UPDATES HOW TO
This Moomoo review will cover customer service options, how to open an account, fees, trading quotes, minimum deposit requirements, and more. It provides a fully digital brokerage service and wealth management platform alongside a top-class user experience.
Moomoo is an online broker specialising in US and Hong Kong stock trading. Moomoo Vs Futu, What Is The Difference?.Can I Open A Moomoo Trading Account In The UK?.Does Moomoo Charge Trading Commissions?.
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