Moomoo

What is Moomoo？

　　Moomoo is a well-regulated broker offered by Futu Inc., registered in Australia and has been operated for over 15 years. It is an online brokerage that offers investing services in stocks, ETFs, options, and more.

　　The platform has its own application for trading available to users from various regions, including the United States, China, and other countries. It is regulated by FINRA, ASIC, SFC, SEC, and MAS, providing a secure trading environment.

　　The minimum deposit requirement and commission fee are $0, with customer service 24/5.

Regulatory Status

• 　　Regulated by Finra

　　Business Scope: Stocks and Options

　　License No.: CRD#: 298769/SEC#: 8-70215

　　Licensed Company: FUTU CLEARING INC



• 　　Regulated by Finra

　　Business Scope: Stocks, Options, and Mutual Funds

　　License No.: CRD#: 283078/SEC#: 8-69739

　　Licensed Company: MOOMOO FINANCIAL INC.



• 　　Regulated by ASIC

　　Business Scope: Stocks, Bonds & Fixed Income, Margin Loans, Futures, Investment Advisory Service

　　License No.: 224663

　　Licensed Company: FUTU SECURITIES (AUSTRALIA) LTD



• 　　Regulated by SFC

　　Business Scope: ETFs, Mutual Funds, Stocks, Margin Loans, Futures, Securities Lending Fully Paid, Investment Advisory Service

　　License No.: AZT137

　　Licensed Company: Futu Securities International (Hong Kong)



• 　　Regulated by SEC

　　Business Scope: Investment Advisory Service

　　License No.: CRD # 310790/SEC#:801-119635

　　Licensed Company: FUTU WEALTH ADVISORS, INC



• 　　Regulated by MAS

　　Business Scope: ETFs, Mutual Funds, Stocks, Margin Loans, Futures, Securities Lending Fully Paid, Investment Advisory Service

　　License No.: CMS101000

　　Licensed Company: MOOMOO FINANCIAL SINGAPORE PTE. LTD.



Pros & Cons

Pros	Cons
Low Rates and Fees	Not 24/7 support
$0 minimum deposit
Regulated by several popular authorities
Multiple tradable assets
Demo account and bonus available
Convenient App supporting trading anytime and anywhere

　　Moomoo offers key advantages like low rates and fees, a $0 minimum deposit policy, a broad range of tradable assets, a user-friendly app, and is regulated by popular authorities. The platform also offers practical benefits such as demo accounts and bonuses.

　　However, the lack of 24/7 support might be an area of concern for users needing immediate assistance outside regular hours. Despite this, the pros of Moomoo make it a solid choice for flexible, cost-effective, and convenient trading.

Tradable Securities

　　Moomoo offers a broad and diverse range of trading categories for traders to consider, providing access to a vast market of Stocks, ETFs, Mutual Funds, Bonds & Fixed Income, Futures, and Options.

　　Supplementing these trading options, Moomoo also provides several financial services, including Securities Lending Fully Paid, Margin Loans, and Investment Advisory Service.

　　Its concerted focus on regional and international stocks - specifically from Malaysia and the U.S. For the local investors, Moomoo facilitates trading in Bursa Malaysia stocks, streamlining the process with hassle-free account openings and funding. Expanding the horizons, it unlocks endless possibilities with the trading of U.S. stocks and American Depository Receipts (ADRs).

　　In addition to stocks, Moomoo also features an expansive selection of 3,400+ ETFs. These selections satisfy a myriad of investment needs and can be easily analysed through visualised, detailed breakdowns.



Commissions and Fees

Fees/Costs	Moomoo
Malaysia & US ETFs	$0
Platform Fees	RM3/Order
Clearing Fees	Few
Margin Rate	6.8%
Account Opening	Free
Fund Deposit in MYR	Free
Transfer Stock in	Free
Fund Withdrawal in MYR	Free
Inactive Account	Free

　　Moomoo charges low trading fees, comparative with other brokers.

　　It has $0 Commission Fee for Malaysia & US ETFs.

　　In addition, the platform charges a fee of RM3 per order, plus a few clearing fees. The margin rate at Moomoo is 6.8%, comparatively lower than other brokerages, which may charge 7.8% or above.



　　Moomoo offers several services for free. These free services include account opening, fund deposit in MYR, stock transfer, and fund withdrawal in MYR. Even for an inactive account, Moomoo does not charge any fees.



Paper/Demo Trading

　　Moomoo provides a practical Paper Trading simulator, where users can practice trading a variety of stocks, options, and futures without any real monetary risk.

　　They give you a substantial 1 million dollars in virtual money for trading stocks or options, and a whopping $10 million for futures. No deposit is required, and there are no fees or commissions.

　　Moreover, this demo situation provides real-time quotes and data, replicating a realistic trading environment. It offers access to professional-grade tools, inviting users to enhance their strategies with the use of new charts and indicators.

　　An additional valuable feature is the ability to follow top-performing traders within Moomoo's demo trading community, providing users the opportunity to learn from their effective strategies.



　　You can also use their Paper Trading Calculator, trying to simulate the potential value of an investment based on historiccal performance.

　　For example, If you had bought Apple stocks $500 five years ago, it would be worth $1832 now.



Platforms & Tools

　　Moomoo provides a convenient trading experience across mobile and desktop platforms.

　　Core to the app is the provision of real-time, in-depth data; Moomoo's free Level 2 Data feature allows users to deeply understand price actions by providing up to 60 levels of US stock bids and asks.

　　The platform also allows users to monitor large-scale market trends via the 'Track Big Players' Cash Flow' feature. This feature provides insight into the investments of institutional investors, offering potential strategy queues for individual investors.

　　In terms of in-app tools, Moomoo offers a substantial set of charting tools with more than 100 technical indicators, complemented by more than 30 drawing tools. These aid in the detailed analysis of trends and patterns, crucial for investment decision-making.

　　Additionally, the app facilitates financial and capital analysis by leveraging daily short volume and institutional tracking. This gives users a clear sense of potential investment pathways that align with their individual goals.

　　For users interested in practicing without risk, Moomoo provides the 'Paper Trading' feature, a stock simulator that allows for the testing of trading strategies in a safe environment.



Promotion

　　Moomoo is offering a promotional plan with diverse incentives. These include a 'Free Share' promotion with the potential to own up to 1 NVDA. A deposit of RM10,000 will earn you Cash Coupons.

　　An allocation of RM500 provides access to the US Stocks Mkt Depth Level 2 and MY Stocks Mkt Depth Level 1. Account Opening Rewards also form part of this promotion. These benefits constitute the current promotional package on offer at Moomoo.



Customer Service

　　Moomoo truly shines with its high-quality customer support.

　　They're ready to assist you 24/5, whether it's by phone, email, or chatting with their innovative chatbot. If you're trading, you can rely on their full-time support, available 24 hours a day. But even on non-trading days, they're accessible from 9:30 to 21:30 MYT.

　　Visit their team directly through a call at +603 9212 0708, or touch base at support@my.moomoo.com.

　　Indeed, some users might find that Moomoo's service is not round-the-clock 24/7, compared to other well-established trading platforms that provide uninterrupted services. This could be considered one of the few shortcomings of Moomoo.

Contact Method	Details
Phone	+603 9212 0708
Email	support@my.moomoo.com
Service Hours on Trading Days	24 hours
Service Hours on Non-Trading Days	9:30 - 21:30 MYT



Educational Resources

　　Moomoo is a good choice for novice investors. Because it has a very rich educational resources, mainly in the form of courses or guide articles, including the introduction and selection of stocks, strategies and insights for the future, unique views and perspectives, and step-by-step guidance for beginners.



Conclusion

　　Moomoo is an intuitive and user-friendly platform designed for tech-savvy traders and investors across the globe. It provides a wide range of trading tools and extensive pre-market and post-market trading hours to its users.

　　It offers access to real-time market data, detailed analysis, multiple order types, risk management tools, and interactive charts. Moomoo is suitable for both beginners and experienced traders, looking to execute sophisticated investment strategies.

FAQs

　　Q：Will using my deposit for trading affect the unlocking of the free share？

　　A: No, it won't. During the lock-in period, fluctuations in trading activity and stock prices will not affect the unlocking of the rewards. As long as your net deposit remains at least RM10,000 throughout the lock-in period, subsequent deposit and withdrawal activities will not affect the process of unlocking the rewards.

　　Q： Is there any asset/stock security guarantee with moomoo？

　　A： As per applicable regulations, Clients' assets are held in separate custodians accounts. These deposited assets are segregated and not commingled with Futu Malaysia Sdn. Bhd. (“Moomoo Malaysia”) own assets. Moomoo Malaysia does not and cannot use clients' assets for its own use.

　　Q： Is there any handling fee for withdrawals and deposits charged by moomoo？

　　A： No, moomoo doesn't charge any fees for withdrawals and deposits.