Moomoo Reviews

Moomoo.com is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights. It offers 0 commission on US and international stocks, ETFs, and options. The platform is designed for active traders and provides 24/7 live chat support, and phone support during trading days.

Moomoo.com allows users to personalize their trading tools with hundreds of pre-set indicators and smart drawing tools to suit their trading strategies. It also offers a versatile platform and tools to help elevate the trading journey of its users. Users can simultaneously monitor multiple stocks in multiple time frames using up to 6 screens.

The platform also provides a virtual environment with real-time quotes and virtual money for users to practice trading risk-free. It offers access to premium courses and paper trading tools to uplevel trading skills.

Moomoo.com is a Member of SIPC, which means the securities in your account are protected up to $500,000. It has won multiple awards in the industry and is recognized for its free trading and intuitive mobile trading platform.

For more detailed information, please visit the official Moomoo website.

Pros of moomoo.com:

• Commission-free trading: Moomoo offers commission-free trading for U.S. stocks, ETFs, and options, with competitive pricing on options contracts.
• Robust trading and analytical tools: The platform provides customizable trading platforms for mobile and desktop use, with easy-to-use interfaces and advanced charting capabilities.
• Competitive margin rates: Moomoo charges low margin rates, with 6.8% for Gold account holders and 12% for regular accounts.
• High interest on uninvested cash balances: Moomoo offers a cash sweep program that pays a competitive 5.1% interest rate on uninvested cash balances.
• Free level 2 quotes and options chains: Users get free access to level 2 quotes and options chains, providing valuable insights into market depth and trade sizes.
• User-friendly interface: The app is well-designed and intuitive, with a consistent experience across mobile and desktop versions.
• Educational resources: Moomoo offers an array of educational resources, including webinars and tutorials, to help traders improve their skills.

Cons of moomoo.com:

• Limited investment options: Moomoo primarily focuses on stock trading and offers limited options for other types of investments, such as mutual funds, bonds, or cryptocurrencies.
• Limited account types: U.S. investors can only open an individual margin account, with no options for joint, trust, or retirement accounts.
• High fees for transferring money out: Moomoo charges higher fees for transferring cash or securities out of an account, including a $20 domestic wire transfer fee and a $25 international wire transfer fee.
• Customer support issues: Users often report that Moomoo's customer support can be slow and sometimes unresponsive, which can be frustrating, especially when dealing with financial issues or urgent trading matters.
• Regulatory risks: As Moomoo is owned by a Chinese company, some users might be concerned about potential regulatory risks or data privacy issues related to its Chinese ownership.