As we speak’s buyers have an ever-growing record of websites and providers to select from when deciding the place to get their info, run their screeners, chart their picks in opposition to technical indicators, and each different investing-related exercise.

If they really wish to commerce shares on any of the insights they garner from all their legwork, nonetheless, they normally must pop over to brokerages and buying and selling platforms like eTrade or Robinhood. 

For no matter motive, it’s onerous to seek out an simply accessible service or software program that may do each buying and selling and in-depth evaluation, and it’s notably onerous to seek out one that may do all of it with a glossy, fashionable interface. There actually aren’t that many providers on the market, so you’ll be able to think about how good it’s after we do come throughout one. 

Moomoo, the factor we’re right here to speak about, is a kind of multifunctional platforms that may do each buying and selling and evaluation. And earlier than we go any additional: it’s value a have a look at the very least. 

Additionally earlier than we go any additional, let’s discuss in regards to the identify. Moomoo. Look, we get it, the emblem is a bull, as in bull market or as within the huge bull on Wall Road. Bulls moo, and younger kids generally name cows moomoos. However one have a look at moomoo’s interface will let you know that their platform is something however infantile. 

Inaccurate identify apart, moomoo is a powerful piece of software program. So let’s have a look on this moomoo overview at what it’s about, what it could actually do, and what it really seems to be like in motion. 

The Voodoo That Moomoo Do Do

Platforms

Very first thing’s first: moomoo is accessible just about wherever however in a browser. You’re going to must obtain the software program if you wish to use it. It’s actually not a giant deal, although it might increase some eyebrows for individuals who’ve gotten used to having a browser-based choice. 

If you happen to use moomoo on a desktop and really feel like going all cyberpunk with it, the software program helps as much as 6 displays without delay. That’s 6 screens of charts, knowledge, bid/asks, information feeds, or no matter else you wish to have proper in entrance of you.

Simply ensure you have a pc with a robust GPU, or no less than a monster of a CPU, and loads of RAM. Oh, and displays. You’re going to wish a ton of displays to make use of moomoo.  

Markets 

Moomoo customers can commerce all US shares—exchange-listed and over-the-counter—ETFs, and choices, plus a choice of American Depository Receipts, Hong Kong shares, and Chinese language A-shares. 

All US-based trades are commission-free on moomoo, although there are some charges related to worldwide trades.

Market Information 

It’s possible you’ll be restricted to buying and selling shares, ETFs, and such on moomoo, however that doesn’t cease them from offering real-time knowledge on a metric ton of different markets and asset courses. 

Worldwide Markets

If you wish to take a look at worldwide markets, for example, you’ll be able to click on round and discover knowledge from these nations on moomoo:

• Canada
• Japan
• Australia
• Singapore

It’s fairly cool to have the ability to have entry to Hong Kong shares in addition to the New York Inventory Change (and extra) in a single platform.

Asset Lessons

And that hardly scratches the floor. It’s also possible to discover up-to-date info on all types of various asset courses on moomoo, together with: 

• Cryptocurrencies
• Futures
• Overseas Change
• Bonds
• Warrants

Professional Tip:

Moomoo is a uncommon mixture of a brokerage that provides COMMISSION-FREE U.S. buying and selling in addition to FREE degree II market knowledge and charting capabilities. Join moomoo at present to get began with this free, all-in-one buying and selling platform and obtain as much as 15 FREE STOCKS!

Actual-Time Information

Talking of knowledge, moomoo goes out of its manner to supply its customers with inventory quotes and market actions in as near real-time as attainable. They proudly declare that they refresh the information from US markets (worldwide markets have a time delay) each 0.03 seconds, which is fairly near the quickest a 60Hz monitor can show the adjustments. 

Along with these ridiculously fast updates, moomoo additionally gives entry to real-time Stage II knowledge with as much as 60 ranges of bids and asks. In case you don’t know, Stage II knowledge provides you a a lot deeper look into the scope of the bids and asks that decide the worth of a inventory. 

If you happen to largely take longer-term positions and aren’t doing lots of intraday buying and selling, then moomoo Stage II knowledge in all probability received’t be that helpful. If you’re a day dealer who does lots of intraday buying and selling, then again, it may be an invaluable software for figuring out the demand for any given inventory and predicting short-term worth actions. 

A variety of providers solely present Stage II knowledge to paying subscribers, if in any respect, so moomoo offering it free of charge is low-key form of a giant deal. 

The Information Feed

Moomoo needs you to have all of the information. Their information feed is lengthy and numerous, with tales sourced from over 200 totally different publications. It’s not only a single information feed, both. If you happen to click on on any given inventory, bond, ETF, market, and so forth, you’ll be able to navigate to its particular person information pane for a listing of current related tales collected in a single place. 

If you happen to go to the principle information tab on moomoo, you can even discover all of the information tales related to shares/belongings in your watchlist, plus an interactive calendar that’s mechanically populated with all of the necessary occasions arising within the financial system and in your shares’ futures.

It’s simply stuff like upcoming earnings bulletins and new financial knowledge like jobs numbers and such, however it’s nonetheless a pleasant little function to have on moomoo.  

The Group 

If you happen to’ve ever needed to speak to finish strangers about investing with out leaving your buying and selling platform, now’s your probability. Moomoo’s chatroom/social media-esque options allow you to entry plenty of totally different areas for merchants to hang around and discuss.

You may chat, make associates, and begin teams and group chats with these associates should you so need. Once more, not a essential function, however nonetheless fairly cool.

Chart-Topping Charts

Moomoo’s charts should not messing round. They’ve all of the common stuff like line graphs, candlesticks, a number of time frames, and market/inventory comparisons, however they don’t cease there. 

No, severely. They go onerous.

Are you into technical evaluation? Like slapping indicators on graphs and fidgeting with transferring averages and Bollinger bands like some form of fiscal Nostradamus? Effectively, you’re in luck. 

Moomoo’s charts assist a ton of various indicators—63 of them, to be actual—and you may apply, tweak, and cross-compare as a lot of them as you need at a time. You may even change the colours of every indicator that will help you make sense of the tangled internet of strains and sticks that you understand you wish to make. 

And if these preset indicators aren’t sufficient for you, moomoo comes full with a customized indicator creator software. You may select from any mixture of the 190+ preset capabilities to make your very personal prognosticating instruments for a very bespoke digital tea leaf studying expertise.  

Oh, and you know the way most charts simply type of sit there all static and whatnot? Yeah. Moomoo does issues just a little in another way. You can decide to make changes and so forth with all of the little buttons on the perimeters of the charts, however that’s child stuff. No, you wish to open up the drawing menu and get all Lovely Thoughts with it, don’t you?

Excellent news: moomoo has 38 totally different drawing instruments so that you can make your mark on any chart you please. You may draw your individual development strains, isolate and determine developments in sure time intervals, and apply all of it in opposition to any technical indicators you wish to apply on the chart alongside your individual work.

Consider it like a digital whiteboard so that you can work out your ideas and spot attention-grabbing patterns from the consolation of your desk chair. 

 Different Chart/Information Stuff

It is a fast part dedicated to the options that didn’t match neatly within the different classes. 

• Quick Sale Quantity: A set of charts that present quick sale volumes. Provides you a visible illustration of quick alerts, quick curiosity, day by day quick quantity, and different short-related knowledge
• Institutional Holdings: Charts that, when knowledge is accessible, present a visible illustration of aggregated institutional holdings and gives some evaluation
• Firm Valuations: Charts and datasets that allow you to use PB, PE, and PS fashions to guage shares and their valuations. Additionally allows you to graph in opposition to historic knowledge
• Monetary Stories: Provides you a solution to consider earnings experiences and monetary experiences utilizing charts, graphs, and key indicators like income and previous progress charges

Professional Tip:

Moomoo is a uncommon mixture of a brokerage that provides COMMISSION-FREE U.S. buying and selling in addition to FREE degree II market knowledge and charting capabilities. Join moomoo at present to get began with this free, all-in-one buying and selling platform and obtain as much as 15 FREE STOCKS!

Nice, However What’s it Truly Like? 

No moomoo overview can be full with out an precise walkthrough of the platform.

So let’s check out what utilizing moomoo is definitely like. For this instance, we’re going to search for a inventory (AAPL), take a fast have a look at its worth and monetary knowledge, and purchase a share. Prepared? 

Step 1: Open up moomoo. Under you’ll see the dashboard of a pattern account when logging on. 

As you’ll be able to see, the dashboard mechanically consists of portfolio info within the middle, basic account info on the left, and knowledge that we’ve seemed up beforehand on the fitting for a inventory referred to as Futu Holdings. 

Our portfolio is lacking one thing, although. How a few new inventory?

Step 2: Search for the inventory. Under, you’ll see the dashboard display with the search perform open and pointed towards AAPL.

There’s fairly an extended record of choices, however the one we’re in search of is on the very prime. Apple Inc. You understand, the individuals who made the telephone you’re in all probability utilizing proper now. 

Step 3: Check out the inventory.

Now we’re on the default view that pops up if you navigate to AAPL’s web page. It’s extremely customizable—nearly each little bit of it may be tweaked, hidden, or expanded—and there’s so much happening, so let’s break it down.  

The center of the display exhibits AAPL’s worth adjustments in intraday buying and selling at present with a development line to clean issues out. On the highest proper you’ll see a few of AAPL’s historic worth knowledge, and beneath it you’ll see a few of the bid/ask spreads from the buying and selling day. Beneath that you’ll see the Stage II knowledge that exhibits a number of ranges of bid/asks. 

To the left of the Stage II knowledge is what we’re in search of: the buying and selling interface. The value is ok, so we’re going to wish to alter the “Type” to “MKT Purchase.” There are lots of different choices for getting and promoting, although, together with stuff like “Restrict,” “Market,” “Trailing Cease Restrict,” and a bunch of different choices. 

Right here’s a better have a look at the buying and selling interface earlier than we make the commerce. 

So congratulations (to us)! One share of AAPL. Billionaire standing, right here we come. 

And that completes the walkthrough portion of this moomoo overview.

Professional Tip:

Moomoo is a uncommon mixture of a brokerage that provides COMMISSION-FREE U.S. buying and selling in addition to FREE degree II market knowledge and charting capabilities. Join moomoo at present to get began with this free, all-in-one buying and selling platform and obtain as much as 15 FREE STOCKS!

Is Moomoo Legit?

If this uncommon mixture of buying and selling capabilities and top-notch knowledge sounds too good to be true, you could be questioning:

Is moomoo legit? Is moomoo protected?

Moomoo is closely regulated and its shoppers are insured, so we are able to say with confidence that sure, moomoo is protected.

Like most different official funding platforms, moomoo is closely regulated. Each the U.S. Securities and Change Fee (SEC) and the Monetary Business Regulatory Authority (FINRA). The federal government company (SEC) and government-authorized nonprofit (FINRA) guarantee that moomoo is following the regulation and being trustworthy with buyers.

Moomoo can also be a member of the Securities Investor Safety Company (SIPC), which insures the belongings in your brokerage account within the occasion that your brokerage fails. You’re insured as much as $500,000, together with $250,000 for claims for money. Needless to say the SIPC doesn’t shield you within the occasion {that a} inventory you’ve purchased declines in worth.

Conclusion

Moomoo is an inaccurately named inventory buying and selling platform that has a ton of nice options. It’s comparatively simple to make use of, jam-packed with options, and provides common buyers the power to commerce in worldwide waters.

It’s no surprise the platform has acquired awards from platforms like Fintech Breakthrough, Investing Easy, and Benzinga. (Learn our Benzinga Evaluation.)

Though commission-free buying and selling and degree II market knowledge are nothing new on this period of democratized investing, moomoo gives a uncommon mixture of the 2.

Whereas some platforms supply these options, it’s normally one or the opposite, in contrast to moomoo.

You normally join both a inventory analysis platform to get market knowledge or a buying and selling platform to commerce shares.

Some brokerages could supply each, however that entry normally sits behind the paywall of a premium subscription.

Moomoo, nonetheless, provides each inventory buying and selling AND degree II market knowledge for FREE.

That’s not one thing you see each day.

So should you’re in search of a brand new place to commerce or simply really feel like downloading one thing, why not give it a shot?

If you happen to’ve had success with moomoo or are contemplating giving it a attempt after studying our moomoo overview, tell us within the feedback beneath!