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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 Guessing they will cater to the asian population with a lot of their marketing focused around cn/hk stocks. Lastly, they didn’t have simple covered call options
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You can only sell naked calls (with $2000 min in account, yes they do have options), puts etc No details yet on account types Hardly any options for options.
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. In the us, moomoo is a separate us entity with offices in california So moomoo us is considered a us domiciled company and subject to us law I believe that moomoo clears at interactive brokers (in us) and futu clearing (also owned by futu.
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. Recently i stumbled upon moomoo, it charges only $0.99 per order compared to stake's $3 per order.does anyone have experience using moomoo for etf trading
Does it generally cost less than stake? Moomoo’s software is good, there are enough market information, and it gives me all option permissions like selling naked calls while schwab not But moomoo is a china company, if you don’t care the government has all your information I’m chinese so the government already had, so i don’t care.
Moomoo does not have currency conversion fees, imo you could go for webull instead, they have 0$ commissions rn
(might be temporary) moomoo is still stuck at 0.99 per share. Thoughts on moomoo (chinese brokerage coming to canada) Noticed that moomoo is coming to canada in the fall More brokerage competition is always good, but not sure how much i would trust them
