Investment products are not insured by the Federal Deposit Insurance Corporation (FDIC) or guaranteed by a bank, You should type 'agent' to the chatbot in order to talk with a person. It's also great that the fee structure is transparent and easy to understand. His purpose is to help people find the best investment provider. It also asks for a reason why you're closing the account. You can view both technical and fundamental information about traded companies. However, it is currently available only for clients from the US and Singapore. Moomoo offers quality analytical tools on its user-friendly mobile and desktop platforms. 283078/SEC: 8-69739), and a member in good standing of the Financial Industry Regulatory Authority The educational videos and tutorials are excellent, webinars are also available. not guarantee future results. Moomoo Financial Inc., see www.sipc.org or request an explanatory brochure from Moomoo Financial Inc. Investments in stocks, options, ETFs and other instruments are subject to risks, including possible loss of the Here's our expert view after checking the moomoo trading app. Credit/debit cards and electronic wallets are not accepted, a common practice at many US discount brokers. trade execution may be affected by factors such as market volatility. Want to give Moomoo a test drive? We tested it on iOS. Account access and The responsiveness of the Securities Investor Protection Corporation (SIPC) coverage. BrokerChooser gave moomoo a 4.7/5 We also compared moomoo's fees with those of two similar brokers we selected, Webull and Alpaca Trading. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC). Information contained on this website is general in nature and has been prepared without any consideration of You can cancel a recently initiated deposit or withdrawal request in a few easy steps on our account management website or mobile platform. Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC). Cryptocurrency transaction and custody services are powered by Zero Hash LLC and Zero Hash Liquidity Services A two-step login procedure would provide an added layer of security. Clearing Corporation (OCC). The following order types can be used on the desktop trading platform: If you are not familiar with the basic order types, read this overview. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. relevant service terms and policies. and may decline in value. The company does not charge you fees to open your account, to maintain your account, or to transfer funds to your account. 224663). Diagram 1: Cash management funds and fixed deposit accounts You can always opt out and withdraw your funds. Moomoo has some drawbacks, though. At moomoo you can learn in the following ways: The demo account is great, as you can use almost all of the live account's features. We recommend moomoo for investors and traders looking for zero-commission trading and focusing on us markets.. Below you can find links to all aspects of moomoo in this comprehensive collection. Cookie Policy It's great that you are looking for deposit options at moomoo to take charge of your finances. 5. Maybe youve had more experience and want to move up to a more advanced platform. methodology. Also, at moomoo, there is no inactivity fee. app. All types of investments are risky and investors may suffer losses. For more information on the terms and conditions of the standard welcome bonus, please click here. The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products A successful referral means a new Moomoo user who uses your referral code or link, opens an account, and deposits $100 or more. Win Up To 5 Free Stocks Worth $3 To $2,000 EachDownload If you refer enough people, youll be upgraded to a higher Ambassador level where youll get more free stocks per referred person. accounts positions and cash balances are segregated by Apex Clearing Corporation. for everyone, but earns a commission from some of its partners with no additional cost to you and most importantly independent from the remuneration structure we have in place with some of our However, Moomoo charges a minimum $1.50/order for platform fee. geographic areas or in any jurisdiction where it is unlawful for us to offer such services and products. Doesnt it feel like just yesterday when Robinhood was the only game in town? Everything you find on BrokerChooser is based on reliable data and unbiased Using this information, you can determine entry or exit points that ensure the liquidity needed to complete the trade. Please check network settings and try again, HowcanIincreasemyinstantbuyingpowerlimits, Howlongdoesittakeformydeposittosettle, WillmydepositsbereversedifIenterthewrongremittancedetails, Financial Industry Regulatory Futures and futures options against losses caused by the financial failure of the broker-dealer, but not against an increase or decrease in trading system may vary due to market conditions, system performance, and other factors. Select Open Account from the dashboard. & FINRA fees may apply. It is a good choice for beginner investors. How to deposit funds via wire transfer. Why do I get access to zero buying power on my deposit? Some other popular asset types such as bonds, forex, CFDs or cryptos are not available. Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In a further drawback, you can't log in using biometric authentication. That's why in this video, i'll be showing on the app how to deposit money into your Moomoo account. methodology, which is unbiased, prepared in accordance with the best interest of our customers amount invested. Registered with the Monetary Authority of Singapore (MAS), moomoo SG is a Capital Markets Services Licence Home Make It Moomoo Referral Bonus Get 15 Free Stocks. Get the app. (including $250,000 for claims for cash). Margin trading involves interest charges and heightened risks, including the potential to lose more than Moomoo is another great alternative for Robinhood. Customers should consider the appropriateness of the information having regard to their personal circumstances before making any investment decisions. . 2. Check out the current account balance requirements at moomoo in our What is the minimum account balance at moomoo article. Information contained on this website is general in nature and has been prepared without any consideration of customers investment objectives, financial situations or needs. This selection is great compared to competing brokers. (CRD: 310790/SEC: 801-119635). This is an outstanding trading platform if you want to dive deep into smart trading. HowcanIincreasemyinstantbuyingpowerlimits, Howlongdoesittakeformydeposittosettle, WillmydepositsbereversedifIenterthewrongremittancedetails. and are not suitable for all investors as the special risks inherent to options trading may expose investors to A big plus for moomoo is that zero-commission trading is available, with no inactivity fees for US residents trading on US markets. Click this to transfer to the section where you can get your unique referral code and links: After you make a successful referral, its time to find out what your free stocks are! General Terms and Conditions. It also asks for a reason why youre closing the account. But rest-assured, its parent company Futu is a registered broker-dealer with the U.S. Securities and Exchange Commission. methodology, which is unbiased, prepared in accordance with the best interest of our customers The experiences of the influencer/publisher may not be representative of the experiences of other moomoo users. regulations, futures regulations or other local laws and regulations of that jurisdiction. Customers should consider the appropriateness Webull. Cookie Policy Become a Moomoo Ambassador and light up the Ambassador Badge by sharing your referral link with friends. Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount. Even if you use the trading platform for the first time, it's easy to find where the research tools are. Operations too frequent. of the information having regard to their personal circumstances before making any investment decisions. Moomoo's free trading app lets you buy stocks, options, ADRs and ETFs without having to pay commissions. A licensed entity registered with the National Futures Association (NFA) (NFA ID: 0523957) and regulated by Look no further than our evaluation of the moomoo account opening. A high level overview of how moomoo stacks up in non-trading fees. We would encourage you to carry on! Moomoo only has desktop and mobile trading platforms. Futu Inc., moomoo's operator, doesnt benefit financially from these charges as it passes them along fully to the relevant regulatory agencies. Authority (FINRA)s BrokerCheck. Securities Clearing Corporation (NSCC) and the Options Advertiser Disclosure: Go back to the Me section mentioned in the previous section and click on Promotions. However, fees may apply for wire transfers: You can use only bank transfer. If you would like to close your account, just follow the steps: You can start over with a new account once your account is closed. If they open a Moomoo brokerage account using your link and deposit $100, the Ambassador Badge will light up and youll become a Moomoo Ambassador. Moomoo Financial Inc.s membership with SIPC protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Its free and easy to use for both beginners and experienced traders. Keep in mind there is no minimum deposit required to start trading on Moomoo. Everything you find on BrokerChooser is based on reliable data and unbiased How to cancel a pending deposit or withdrawal Click View/Edit Scheduled Deposits (or Withdrawals) tab in My Money Sign in to your account at tastytrade.com. Advertiser Disclosure: Moomoo offers only individual accounts. You can open an account if youre a U.S. resident, 18 or older, with a valid Social Security number. Moomoo provides access to US, Hong Kong, Japan and Singapore futures markets, with more than 200 products. All information and data on the website are for reference only Create a free account with Moomoo today and experience all the mobile-trading app has to offer. on Investment and financial decisions should always be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance. Or you found a new app with more of the features that will make investing easier for you. Moomoo offers its platform on PC, mobile and iPad, and tools can sync up on the three screens. font-size: 14px; How Much Invested To Retire Off Dividends, Top Real Estate Crowdfunding Platforms For Accredited Investors, Top Real Estate Crowdfunding Platforms For Non-Accredited Investors, 1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose From, Win Up To 12 Free Stocks Worth Up To $3,000 Each, Win Up To 5 Free Stocks Worth $3 To $2,000 Each. You can only withdraw money to accounts in your name. brokerage accounts of U.S. residents that trade U.S. listed securities via mobile devices or Web. You can invest with companies you love while at work, home or on-the-go. Margin trading involves interest charges and heightened risks, including the potential to lose more than They wont affect your credit score. Before trading on margin, customers are advised to determine whether this type of trading . Get a free stock when you open an account below. You can keep tabs on your account, get in-depth but free quotes, smart order types to execute trades, or use their powerful trading tools and data to monitor market trends, from both the mobile app and desktop. To cancel an ACH deposit request, please follow the steps below: 1. All Rights Reserved. Is moomoo legit features all the key aspects you need to look at to see if a broker is safe and legit. We combine our 10+ years finance experience with readers feedback. This selection is based on objective factors such as products offered, client profile, fee structure, etc. information. Plaid is a technology platform that many companies use to securely connect to customer bank accounts. You must use our exclusive link in order to get the higher referral bonus (no referral code is necessary). SIPC does not protect against market risk, which is the Being regulated by the top-tier SEC and FINRA, and the fact that moomoo's parent company is listed on NASDAQ are all great signs for moomoo's safety. Moomoo Financial Inc., see www.sipc.org or request an explanatory brochure from Moomoo Financial Inc. Investments in stocks, options, ETFs and other instruments are subject to risks, including possible loss of the Moomoo Referral Bonus - 15 Free Stocks Offer. Moomoo has a very good screener offering fundamental data such as: Moomoo has good charting tools. General Terms and Conditions, I recommend moomoo for investors and traders looking for zero-commission trading and focusing on US markets MooMoo Withdraw Tutorial----------Recommended resources----------Refinance your student loans for free to lower your interest rates. Complete the promotion by depositing any amount. Sign up with Robinhood, deposit any amount and get 1 Free Stock. Share your referral code or referral link to friends and family. Select your country of citizenship from the comprehensive list of options. Copyright 2023 Moomoo Financial Inc. All Rights Reserved. Brokers that don't require a minimum deposit do so to encourage people to try their services without requiring a large initial commitment. Any recently submitted ACH requests eligible for cancellation will have a. (NASDAQ: FUTU). Back then well-known brokerages were charging $10-$50 to buy and sell stocks. geographic areas or in any jurisdiction where it is unlawful for us to offer such services and products. Sign up with our exclusive Moomoo referral bonus link and get up to 15 free shares of stock. The services and products offered on the website are subject to applicable laws and regulations, as well as Deposit requests initiated before 5:00 p.m. Moomoo's mobile trading platform is available for both iOS and Android. methodology, $0.0000207 * transaction amount, min $0.01 / transaction, $0.055 / contract (0-999 contracts),$55.00 / trade (>999 contracts), Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Compensation in case of broker bankruptcy (terms apply), Domestic wire deposits cost $8 unless it's your first deposit or you deposit more than $25,000, International wire deposits cost $25 unless it's your first deposit or you deposit more than $25,000, Click 'Sign Up' on the left side of the welcome screen or 'Open Account' in the top right corner of the page, Type your email address and password and click 'Sign Up', Drag the slider to complete the puzzle (to verify you're not a robot), Click 'Account' or the cow icon in the top right corner, then "Open Account', Enter your Social Security Number, valid US address and employment status (if applicable), then click 'Next', Click 'Send' and you will receive a verification code, Copy the verification code from your email and click 'Verify', Enter your phone number and click 'Continue', Fill in your personal information and answer questions regarding your employment status and financials, Open the menu on the left side of the platform at the bottom, fundamental data about the selected company on the right, how you are protected if something goes wrong. All information and data on the website are for reference only With its commission-free trades and low-cost fee structure, you can put your money to work and keep even more in your pocket. Moomoo's desktop trading platform is user-friendly, well-designed and has a clear structure. Although new investors might prefer Robinhood's simple account setups and clean . Select your annual income and total net worth from the ranges presented. Disclosure: *Terms & Conditions Apply. partners. To avoid high conversion fees, consider opening a multi-currency account at a digital bank. Moomoo was created as a platform for smart trading, and investors can profit from reduced fees as well. You can also trade Hong Kong stocks; the commission is 0.03% of the invested amount or HKD 3, whichever is higher. To be certain that a brokerage is safe, we highly advise that you check two facts: This is important for you because the investor protection amount and the regulator differ from entity to entity. Get started right away by downloading Moomoo to your phone, tablet or another mobile device. This presentation is for informational and educational purposes only and is not a recommendation or endorsement of any particular investment or investment strategy. Reach out at contact@trufinancials.com----------DISCLAIMER: Please note that TruFinancials is not a financial advisor, and these videos are for entertainment purposes only.AFFILIATE DISCLOSURE: Some of the links on this page are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. BrokeragePromotionLink Step 2 : Once successful, you can deposit money and start trading! Topics covered include: Yes, it is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The workspace is highly customizable. At moomoo, there's a free in-app currency exchange function. information. Please read the Futures & Exchange-Traded Options Risk Disclosure Statement prior to trading futures products. What is instant buying power. New Moomoo users can get up to 15 free stocks when they use our exclusive referral bonus link below to open an account. At the bottom of the transfer details page, if the deposit can be canceled, will be a red Cancel button. Normal referral links only get 13 free stocks, but thanks to The Money Ninja's partnership with Moomoo, readers will get more than 2 more free stocks if they deposit $100 or more. The lottery draw for the Moomoo free stocks is more likely to give you a stock value on the lower end of the range, but you could get lucky and receive a big one. All customer futures Compatible with Excel and Google Spreadsheets: https://bit.ly/3cM5WrNSupport the channel by becoming a Financial Anatomy Member:https://www.youtube.com/channel/UCPeg8SFv-w-8AxqL__em7zw/joinThe following below are what i use for my business setup. investors due to the number of risks involved. Sign your full name and submit the application. Financial Singapore Pte. International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC) and Futu 1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose FromDownload Moomoo makes no representation or warranty as to the adequacy, completeness, accuracy, or timeliness of the above content for any particular purpose. On the other hand, there is no phone support. No currency exchange fee is applied. The desktop trading platform is available in English and Chinese. An investment advisor registered with and regulated by the U.S. Securities and Exchange Commission (SEC) Authority (FINRA)s BrokerCheck. Another 5 business days for the ACH withdrawal to clear and hit your bank account. The responsiveness of the This is not to be confused with fixed deposits which the common man on the street would be more familiar with. He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. He received his MSc degree in International Business from the University of Middlesex. For example, in the case of stock investing the most important fees are commissions. Remember, that you can only deposit funds from accounts that are in your name. Electronic trading poses unique risk to investors. Open a Moomoo account using a referral link and receive 1 free stock worth $3 - $3,500 (here is my Moomoo referral link ). Equities / ETFs / Funds / Bonds / Options / Futures, What is the minimum account balance at moomoo, our proprietary professional