You can view both technical and fundamental information about traded companies. Moomoo accepts USD deposits only, but can exchange it to HKD and SGD inside the app if clients wants to trade on Hong Kong or Singapore markets. Trade US and international stocks from a single account, Choose from 63+ indicators and 38 advanced drawing tools, Powerful analysis tools with real-time data. Moomoo offers its platform on PC, mobile and iPad, and tools can sync up on the three screens. Try to deposit money to your brokerage account in USD, otherwise you will be charged a conversion fee. For readers considering opening an account, thank you for using my referral link and supporting the site. The services and products offered on the website are subject to applicable laws and regulations, as well as Since joining BrokerChooser, he analyzed and tested 50+ brokers. What is the minimum deposit at moomoo? Here's how to deposit money to moomoo. Open a Moomoo account using a referral link and receive 1 free stock worth $3 - $3,500 (here is my Moomoo referral link ). admitted as Clearing Member of The Central Depository (Pte) Ltd (CDP) , Trading Member of Singapore Exchange Authority (FINRA)s BrokerCheck. The educational videos and tutorials are excellent, webinars are also available. Stocks are randomly selected according to a specific probability distribution. partners. Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 Brokerage accounts with Moomoo Financial Inc. are protected by the services (Licence Number: No.TC000074). brokerage accounts of U.S. residents that trade U.S. listed securities via mobile devices or Web. Joint accounts, IRAs, custodian or corporate accounts are not available. 283078/SEC: 8-69739), and a member in good standing of the Financial Industry Regulatory Authority Investment information provided herein is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. Active traders love Moomoo and all it has to offer. Moomoo Referral Bonus - 15 Free Stocks Offer. We detailed this in our moomoo fees article. Is moomoo legit features all the key aspects you need to look at to see if a broker is safe and legit. brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo and most importantly independent from the remuneration structure we have in place with some of our In the moomoo app, tap Accounts > All Functions > Funding History > ACH History > Deposit. Read more about our methodology. Please try again later. Brokerage accounts with Moomoo Financial Inc. are protected by the The value of investments may fluctuate and as a result, clients may lose the value of their Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC). Moomoo isnt just for experienced investors. Start trading. Maybe you've had enough of the 9 to 5, and want to be your own boss. Look no further than our evaluation of the moomoo account opening. On the negative side, two-step login is not possible. amount invested. You can check in the table below what is the minimum deposit at the competitors of moomoo. Moomoo is another great alternative for Robinhood. Both Webull and Alpaca Trading make fewer fund providers available. His purpose is to help people find the best investment provider. relevant service terms and policies. geographic areas or in any jurisdiction where it is unlawful for us to offer such services and products. The moomoo mobile trading platform is user-friendly, has a clear structure and is well designed. Be sure to read the details of Moomoo's personal information privacy policies if you are interested to know more about how your details are used. and no historical data shall be considered as the basis for predicting future trends. You can only withdraw money to accounts in your name. Before trading on margin, customers are advised to determine whether this type of trading . He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. This selection is great compared to competing brokers. brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo #footable_12377 { The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. General Terms and Conditions. If a deposit or withdrawal is still processing, then you may be able to cancel the transfer from within the mobile application. Moomoo and its affiliates do not endorse any trading strategies that may be discussed or promoted herein and are not responsible for any services provided by the influencer/publisher. Past performance does not guarantee future results. It is important to understand that SIPC protects customer accounts Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount. Any images shown are strictly for illustrative purposes. However, the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) do charge a small fee for stock sell orders. invested funds or the need to deposit additional collateral. If you have a question or a suggestion, drop us an email to [emailprotected], and we will get back to you soon. and may decline in value. Create a free account with Moomoo today and experience all the mobile-trading app has to offer. Any recently submitted ACH requests eligible for cancellation will have a. You can also trade Hong Kong stocks; the commission is 0.03% of the invested amount or HKD 3, whichever is higher. For US residents, investing with moomoo is commission-free. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities Moomoo is a popular app used to invest and it is most known for it's ability to make available a lot of information that investors use in their investing decisions. International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC) and Futu The rest of your deposit will need time to settle before it can be invested. Any comments or opinions provided by the influencer/publisher are their own and not necessarily the views of MFI, MTI or moomoo. This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Heres a screenshot of the Me page showing the location of the Invite Friends button. You can day trade if you have an account value of at least $25,000. What base currencies are available at moomoo? Securities Investor Protection Corporation (SIPC). Moomoo's product portfolio is average, offering stocks, ETFs, options, futures and funds. Now, commissions for the most part are a thing of the past thanks to commission-free brokerage apps like Robinhood, Webull, and Moomoo. engage in any such activity only if you are fully aware of the relevant risks. It includes articles from CNBC and from moomoo analysts. For more information on the terms and conditions of the standard welcome bonus, please click here. This means that you can deposit as little money as you wish. Input your full legal name, phone number, date of birth and Social Security number. (including $250,000 for claims for cash). The creator or third-party publisher is a paid influencer and is not affiliated with Moomoo Financial Inc. (MFI), Moomoo Technologies Inc. (MTI) or any other affiliate of them. Or you found a new app with more of the features that will make investing easier for you. Once you have your own Moomoo stock account, you can take part in their referral program and earn even more free stocks! its affiliates is based on our proprietary professional How to earn 10 free stocks: Open a brokerage account with Moomoo Financial Inc. to get 1 free stock valued between $3 - $2,500. assets, you are taking a high degree of risk and you can lose all your deposited money. Although new investors might prefer Robinhood's simple account setups and clean . Their users will grow trading techniques and experiences quickly with Moomoo. investment. A broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) (CRD: 298769/SEC: 8-70215), a member in good standing of the Financial Industry Moomoo is without a doubt one of the cheapest platforms available today. Its streamlined application process allows you to start making trades within 1 business day and youll enjoy commission-free trading. In his free time, he likes reading about economics and building his own portfolio. Webull. Cancel a pending deposit or withdrawal on website. not provide investment or any other advice, for further information please read our To deposit money into your account, click the Trade icon at the bottom menu of the Moomoo app, tap the Deposit button, and follow the bank ACH or WIRE on-screen directions: Moomoo uses Plaid to connect to your bank account securely. Please note that by investing in and/or trading financial instruments, commodities and any other First, let's go over some basic terms related to broker fees. Why can't I cancel my deposit We also compared moomoo's fees with those of two similar brokers we selected, Webull and Alpaca Trading. The services and products offered on the website are subject to applicable laws and regulations, as well as Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC). Moomoo Pros. 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. qualifications and licences of part of the licensed entities providing securities services on the moomoo He received his MSc degree in International Business from the University of Middlesex. Get started right away by downloading Moomoo to your phone, tablet or another mobile device. Even if you use the trading platform for the first time, it's easy to find where the research tools are. Relevant SEC What deposit methods are available at moomoo? Moomoo does not have a web trading platform. Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. The answer is no. It easily intergrades with many of the other services on this resources page. A subsidiary of Futu Holdings Ltd., its backed by venture capital affiliates of Matrix, Sequoia, and Tencent. Select your annual income and total net worth from the ranges presented. 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. Our ultimate guide to the moomoo minimum deposit is updated regularly. app. Account access and Cancellation requests for deposits or withdrawals can only be made before our cutoff. If you want to withdraw, that deposit has to sit in the account another 5 business days (plus a 3 day settlement time if you bought and sold stocks). To give you a brief summary: MooMoo is a US-based zero-commission broker. investment. A broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) (CRD: The app's search functions are great. Read more about Web trading platform 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. Securities Trading Limited (SGX-ST), Trading and Clearing Member of Singapore Exchange Derivatives Trading General Terms and Conditions. For Australian residents, please use this link. Be sure to provide your email address, Moomoo ID, a subject and description of your question and any related attachments. The value of any cryptocurrency, including digital assets pegged Equities / ETFs / Funds / Bonds / Options / Futures, 1. Deposit any amount into your Moomoo account and you'll get an additional free stock worth $9 - $3,500. The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products It can account for a significant portion of your trading costs. See a more detailed rundown of moomoo alternatives. Since these apps arent credit card products, it doesnt really matter how many stock accounts you open. Moomoo's free trading app lets you buy stocks, options, ADRs and ETFs without having to pay commissions. Home Make It Moomoo Referral Bonus Get 15 Free Stocks. For further information about Moomoo Financial Inc., please visit Financial Industry Regulatory Sign up with Robinhood, deposit any amount and get 1 Free Stock. 224663). Past performance of investment products does Authority (FINRA)s BrokerCheck. Past performance should not be viewed as an indicator of future results. and related services available through the moomoo app are offered by including but not limited to the following Trading on margin basically means that you borrow money from your broker and can purchase more shares than you could with just the available cash in your account. I use Kajabi as the platform to sell my digital products like E-books and Audiobook. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood. Moomoo's stock selection is far from the best on the market, but it does beat some of its close competitors. This mobile trading platform built their advanced tools well-organized in 1 app. Select your country of citizenship from the comprehensive list of options. Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). According to the regulatory requirement, all account information must be maintained for 6 years, so Moomoo will not delete your information until that time period has passed. trading is speculative and is not suitable for all investors. With its commission-free trades and low-cost fee structure, you can put your money to work and keep even more in your pocket. investors due to the number of risks involved. When viewing a list of assets, a decline in value is highlighted in red, increases in green, while no change in the price is indicated by gray, making it easy to see each asset's performance at a glance. For example, I received a free stock worth over $30: I love competition because companies fight to get our business. A Singapore trust company licensed by the Monetary Authority of Singapore to carry on trust business and app. BrokeragePromotionLink Cryptocurrency trading is not suitable for all For more information on the terms and conditions of the limited time bonus offer, please click here. admitted as Clearing Member of The Central Depository (Pte) Ltd (CDP) , Trading Member of Singapore Exchange It's great that you are looking for deposit options at moomoo to take charge of your finances. Their one-stop investment Singapore brokerage platform is called moomoo. Get 2 free stocks that can be valued up to $1000 each by signing up with Moomoo and depositing $100: https://j.moomoo.com/0064HFInvesting In Stocks For Beginners: https://youtu.be/mMlrdMz1Prw Checkout my courses on Skillshare! An investment advisor registered with and regulated by the U.S. Securities and Exchange Commission (SEC) Before trading on margin, customers are advised to determine whether this type of trading is appropriate for them in light of their respective investment objective, experience, risk tolerance and financial situation. Why can't I use my instant buying power. Deposit requests initiated before 5:00 p.m. International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC) and Futu Investment products are not insured by the FDIC or guaranteed by a bank, and may decline in value. No content on the website shall be considered as a recommendation or solicitation for the purchase or sale of Registered with the Monetary Authority of Singapore (MAS), moomoo SG is a Capital Markets Services Licence Sign your full name and submit the application. not guarantee future results. live account. accounts positions and cash balances are segregated by Apex Clearing Corporation. Another 5 business days for the ACH withdrawal to clear and hit your bank account. our proprietary professional All customer futures Robinhood only offers a very basic stock screener that sorts opportunities by industry. The desktop trading platform is available in English and Chinese. This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with. However, you can use only bank transfer to add or withdraw funds, while wire withdrawal fees are high. But rest-assured, its parent company Futu is a registered broker-dealer with the U.S. Securities and Exchange Commission. Securities Investor Protection Corporation (SIPC) coverage. Similar to other trading applications, Moomoo lets you trade stocks, options, ADRs and ETFs without having to pay commissions. information. Get 1 Free Stock Worth Up To $200 From Robinhood! 224663). Investment and financial decisions should always be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance. 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. Information contained on this website is general in nature and has been prepared without any consideration of Copyrights, logos, and trademarks are property of tastytrade, Inc. All rights reserved. What is instant buying power. Cryptocurrency assets are held and custodied by Zero Hash LLC, not tastytrade. Please read the Futures & Exchange-Traded Options Risk Disclosure Statement prior to trading futures products. All products are presented without warranty. Diagram 1: Cash management funds and fixed deposit accounts An investment advisor registered with and regulated by the U.S. Securities and Exchange Commission (SEC) Explanatory brochure available upon request or at www.sipc.org. Better platform: Moomoo. On the other hand, login features are somewhat limited. This video about Moomoo and investing has been produced by Financial Anatomy and performed by Elijah Bilel. Disclosures: Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc. Securities are offered through Moomoo Financial Inc., Member FINRA/SIPC. below. There are several reasons why you would need to close an online investing app account. Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). However, please note that all the material and information made available by BrokerChooser or any of Investment products are not insured by the Federal Deposit Insurance Corporation (FDIC) or guaranteed by a bank, The workspace is highly customizable. Steps To Close A Moomoo Account It is exceedingly easy to close your account, but unfortunately, you can't do it yourself on the app. You may not cancel a deposit request if you have used margin or instant buying power for it. Theres also a paper trading feature with real-time data if you want to simulate the investment experience before going all in. on We tested it on iOS. Information contained on this website is general in nature and has been prepared without any consideration of customers investment objectives, financial situations or needs. The app is accessible 24/7 if you need to adjust your portfolio. Will my deposits be reversed if I enter the wrong remittance details. 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. Moomoo offers demo accounts, webinars, tutorials, educational videos and texts. Topics covered include: Yes, it is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Authority (FINRA)s BrokerCheck. Among other limitations, you can use only bank transfer for deposits or withdrawals, and customer support is available only via email. Free trading refers to $0 commissions for Moomoo Financial Inc. self-directed individual cash or margin Doesnt it feel like just yesterday when Robinhood was the only game in town? relevant service terms and policies. Tap on the cancel button to terminate the transfer. Here's a tip: don't worry if you decide to switch brokers after depositing. Moomoo doesn't charge fees for options trading, just like its closest rivals. CMS101000) holder with the Exempt Financial Adviser Status. Moomoo sets itself apart from its competitors because not only does it offer commission-free trading like other stock apps, they also provide users the ability to see real-time data such as live buying and selling of stocks. For Singapore or Australian residents, please use your specific countrys promotional link found in this post. Alpaca Trading. If you successfully cancel an ACH deposit request, no refund fee will be charged. Any amount lesser than $3,750 meant that it will be better to go with Tiger Brokers and POEMS (ignoring . Tap on the pending deposit or withdrawal to expand the transfer details. Electronic trading also poses risks to investors. It . 3. Enter your industry, employer name and occupation. Want to get more free shares of stock? amount invested. Download the Moomoo app (use our link to get a free stock up to $200) Register. A subsidiary of Futu Holdings Ltd., its backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). If you have a personal bank account in a currency other than USD, then you will be charged a conversion fee. Who Moomoo is designed for. All types of investments are risky and investors may suffer losses. The information on Investing Simple could be different from what you find when visiting a third-party website. All you need to know about the moomoo customer service. As part of a welcome gift, when you sign up with Futu SG before 2nd Oct 2021 and deposit SGD$2,700 within 30 days, you can get a share of Apple stock (Ticker: AAPL). Customer support is available via email only. It is exceedingly easy to close your account, but unfortunately, you cant do it yourself on the app. What stocks youll get are randomly selected through a lottery drawing with the following odds: A notification will pop up and let you know what youve won. Moomoo's mobile trading platform is available for both iOS and Android. To avoid high conversion fees, consider opening a multi-currency account at a digital bank. . How long does it take to withdraw money from moomoo? To cancel an ACH deposit request, please follow the steps below: 1. Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), as 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. At moomoo, there's a free in-app currency exchange function. How long does it take for my deposit to settle. The responsiveness of the The product portfolio is limited, covering only stocks from the US, Hong Kong and China, along with an OK selection of ETFs and options. They wont affect your credit score. The education is excellent. A two-step login procedure would be more secure. Securities Clearing Corporation (NSCC) and the Options Members should be aware that investment markets have inherent risks, and past performance does not assure future results. We tested the account opening process on the website: At moomoo, the only available base currency is USD, similarly to the company's closest competitors. You'll also need to choose the most relevant category from this list general, account, funding, trading and options or promotions. No content on the website shall be considered as a recommendation or solicitation for the purchase or sale of Financial Industry Regulatory Authority (FINRA)s BrokerCheck. On the surface, Moomoo offers the cheapest headline commission rate at 0.03%. Moomoo Financial Inc. is a member of Securities It is a good choice for beginner investors. Electronic trading poses unique risk to investors. Deposit and withdrawal via ACH are also free. This is an outstanding trading platform if you want to dive deep into smart trading. (CRD: 310790/SEC: 801-119635). Enjoy!. For further information about SIPC insurance coverage for accounts with 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. This selection is based on objective factors such as products offered, client profile, fee structure, etc. The services and products are not available to all customers or in all SIPC does not protect against market risk, which is the You can always opt out and withdraw your funds. customers investment objectives, financial situations or needs. the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). After closing your account, you still have access to login with your login credentials, so that you can access your tax documents come tax season. If you refer enough people, youll be upgraded to a higher Ambassador level where youll get more free stocks per referred person. against losses caused by the financial failure of the broker-dealer, but not against an increase or decrease in determine whether this type of trading is appropriate for them in light of their respective investment How to check my deposit . Opening an account only takes a few minutes on your phone. Customers should consider the appropriateness SIPC does not protect against market risk, which is the The help center is also available to find answers to common questions that fall into these categories: For retail investors, international trading opportunities is a plus. This is not to be confused with fixed deposits which the common man on the street would be more familiar with. They charge these fees for all sell orders, regardless of the brokerage. trading system may vary due to market conditions, system performance, and other factors. Financial Singapore Pte. objective, experience, risk tolerance and financial situation. This means that you can deposit as little money as you wish. Please try again later. For example, in the case of stock investing the most important fees are commissions. To trust your money with a broker, you need to be sure that the broker is considered reliable. analyzing 500+ criteria and testing via opening a

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