Moomoo charges you to sell when you trade 0.02 but they dont charge you when you buy...
Moomoo platform is very convenient for students like me in the U.S. It had a very simple procedure to open account and it has a user friendly interface. As a student, they have great promotions like 8.1% APY, NVDA stock etc, and it has strong referral programs if I want to invite my friends also. I am extremely satisfied with Moomoo and it will be my long term broker!
I used Moomoo for 2 years. This is the main platform for me. It is convenient to buy and sell, you can trade in premarket and after market, they have 24h trading now. Also they pay high interest for your idle funds, which is much better than putting it in your checking account.
It is very easy to use all the tools you need at your disposition to make the best out a trade and also help with research on potential opportunities
Moomoo is an excellent platform for trading. I have been using it for about two weeks and I think it is great for beginners and for seasoned traders. I’m also learning a lot from Moomoo’s daily insights.
best way to start your trading ways... super easy to use and the tools make it easy to trade.. with the option of papertrading too now thats a full package aint it?
Moomoo is a great trading platform. I definitely give it 5 stars. The AI is helpful and the platform is very user-friendly. The are a ton of charts and tools that you can use. I would recommend it to anyone.
I give moo moo five stars they provide you with great chart all the latest news and updates and are user friendly
Moomoo trading app is brillant give us all exposure to stock equity /option/index/crypto/future - all in one , for 24 hours trade overnight .That a great move ,I really love moomoo . Moomoo help customer giving awareness session task in term of knowledge on investment as well as we get pro level of premium feature in Moomoo Algo trade, Moomoo AI that help us to see portfolio insight view of all Big billionairs people , earning report -lot more , At last moomoo Algo and moomoo AI all free of cost . We love moomoo compare to other app.
Moomoo is a great pick for active traders or those learning options
Commissions and other perks are attractive. Content and convenience are pretty engaging.
Terms and fees
- Competitive margin rates as low as 6.8%*
- $0 equity options contract fees and $0.5 per contract for index options*
- Free real-time Level 2 data for funded accounts
*Other fees may apply. The Cash Sweep APY and Margin rates may change.
About moomoo
- US Stocks, fractional shares, equity options, index options, ETFs, ADRs, and Crypto.
- Full extended trading hours (4am ET - 8pm ET) on regular trading days.
- US-based, licensed specialists during trading days, or online support 24/7.
Moomoo Financial Inc. is a member of SIPC. Securities in your account protected up to $500,000, more details on the SIPC website.
Tools and features
Frequently Asked Questions
- Stocks
- ETFs
- Options
- FINRA (Financial Industry Regulatory Authority, Inc.)
- SEC (U.S. Securities and Exchange Commission)
Level 2 is a subscription-based service that offers real-time access to the exchange’s order book. It gives traders and investors a detailed view of market depth and momentum, helping them make more informed and strategic trading decisions.
Brokers usually require deposits to manage risk, cover trading costs, and comply with regulations. Deposits act as collateral for leveraged trades, ensuring brokers don’t face losses if a trade goes against a trader. They also help cover fees, prevent fraud, and ensure serious trading activity.
Brokers impose inactivity fees to cover maintenance costs, comply with regulations, and encourage active trading. These fees help offset expenses for managing inactive accounts and prevent account abandonment.
It's always worth preparing for trades before actually executing them. On TradingView, you can do this with our Paper Trading functionality.
- Market orders
- Stop limit orders
- Stop orders
- Limit orders
- Market order. It's a basic type designed to buy or sell an asset immediately at the next price available
- Limit order. Specifies the maximum (for buying) or minimum (for selling) price at which a trader is willing to execute a trade. It's only executed if the price reaches the preset level. There are buy and sell limit orders - they're set to buy/sell an asset at or below/above a certain price
- Stop order. Triggered when an asset moves above or below a certain price level, always executed in the direction that the price is moving. There are stop-loss orders (automatically closes a position at a certain level if the market moves against you) and (initiates a trade when the price breaks a certain level)
- Find the right asset using our screeners and heatmaps. Explore the stock market with the Stock Screener, track cryptocurrencies on the Crypto Coins Heatmap, and more tools to fin in the main menu
- Analyze price movements on our Supercharts. Utilize multiple drawing tools, built-in indicators, and advanced features to gain deeper market insights
- Stay on top of market changes with the Economic Calendar and the latest news, helping you quickly adapt to shifting conditions
- Test your strategy in a risk-free environment with a Paper Trading account to see how it performs before committing real capital
- Choose a broker and start your trading journey with confidence once you have a clear strategy in place
- Increased risk of losses, including exceeding initial investment
- Interest costs on borrowed funds
- Potential for margin calls requiring additional deposits
Make sure to analyze an asset thoroughly and test your strategy on a Paper Trading account to ensure you're ready to navigate these risks.
Understanding commission structures is essential for traders, as fees can impact overall profitability. Choosing a broker with competitive rates and transparent pricing ensures cost-effective trading.