Right this moment’s buyers have an ever-growing listing of web sites and companies 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 need to commerce shares on any of the insights they garner from all their legwork, nevertheless, 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 modern, fashionable interface. There actually aren’t that many companies 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 type of multifunctional platforms that may do each buying and selling and evaluation. And earlier than we go any additional: it’s price a have a look at the very least.
Additionally earlier than we go any additional, let’s speak in regards to the identify. Moomoo. Look, we get it, the brand is a bull, as in bull market or as within the massive bull on Wall Road. Bulls moo, and younger youngsters generally name cows moomoos. However one have a look at moomoo’s interface will inform you that their platform is something however infantile.
Inaccurate identify apart, moomoo is a formidable piece of software program. So let’s have a look on this moomoo overview at what it’s about, what it could possibly 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 offered 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 an enormous deal, although it might elevate some eyebrows for individuals who’ve gotten used to having a browser-based choice.
Should you use moomoo on a desktop and really feel like going all cyberpunk with it, the software program helps as much as 6 screens directly. That’s 6 screens of charts, information, bid/asks, information feeds, or no matter else you need to have proper in entrance of you.
Simply ensure you have a pc with a strong GPU, or at the least a monster of a CPU, and loads of RAM. Oh, and screens. You’re going to want a ton of screens 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
Chances are you’ll be restricted to buying and selling shares, ETFs, and such on moomoo, however that doesn’t cease them from offering real-time information on a metric ton of different markets and asset lessons.
Worldwide Markets
If you wish to take a look at worldwide markets, as an example, you’ll be able to click on round and discover information 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 Trade (and extra) in a single platform.
Asset Courses
And that hardly scratches the floor. You can too discover up-to-date info on all types of various asset lessons on moomoo, together with:
Cryptocurrencies
Futures
Overseas Trade
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 stage II market information and charting capabilities. Join moomoo as we speak 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 information, moomoo goes out of its manner to offer its customers with inventory quotes and market actions in as near real-time as doable. 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 modifications.
Along with these ridiculously fast updates, moomoo additionally gives entry to real-time Stage II information with as much as 60 ranges of bids and asks. In case you don’t know, Stage II information provides you a a lot deeper look into the scope of the bids and asks that decide the value of a inventory.
Should you largely take longer-term positions and aren’t doing a variety of intraday buying and selling, then moomoo Stage II information in all probability gained’t be that helpful. If you’re a day dealer who does a variety of intraday buying and selling, alternatively, it may be a useful device for figuring out the demand for any given inventory and predicting short-term value actions.
Quite a lot of companies solely present Stage II information to paying subscribers, if in any respect, so moomoo offering it without spending a dime is low-key type of an enormous deal.
The Information Feed
Moomoo desires you to have all of the information. Their information feed is lengthy and numerous, with tales sourced from over 200 completely different publications. It’s not only a single information feed, both. Should you click on on any given inventory, bond, ETF, market, and so on, you’ll be able to navigate to its particular person information pane for an inventory of current related tales collected in a single place.
Should you go to the principle information tab on moomoo, it’s also possible to discover all of the information tales related to shares/property in your watchlist, plus an interactive calendar that’s robotically populated with all of the essential occasions arising within the financial system and in your shares’ futures.
It’s simply stuff like upcoming earnings bulletins and new financial information like jobs numbers and such, but it surely’s nonetheless a pleasant little characteristic to have on moomoo.
The Group
Should you’ve ever needed to speak to finish strangers about investing with out leaving your buying and selling platform, now’s your likelihood. Moomoo’s chatroom/social media-esque options allow you to entry numerous completely different areas for merchants to hang around and speak.
You’ll be able to chat, make associates, and begin teams and group chats with these associates in case you so want. Once more, not a crucial characteristic, however nonetheless fairly cool.
Chart-Topping Charts
Moomoo’s charts usually are 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, critically. They go onerous.
Are you into technical evaluation? Like slapping indicators on graphs and twiddling with shifting averages and Bollinger bands like some type of fiscal Nostradamus? Properly, you’re in luck.
Moomoo’s charts assist a ton of various indicators—63 of them, to be precise—and you may apply, tweak, and cross-compare as a lot of them as you need at a time. You’ll be able to even change the colours of every indicator that can assist you make sense of the tangled internet of strains and sticks that you already know you need to make.
And if these preset indicators aren’t sufficient for you, moomoo comes full with a customized indicator creator device. You’ll be able to 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 understand how most charts simply type of sit there all static and whatnot? Yeah. Moomoo does issues a bit of in another way. You’ll be able to choose to make changes and so on with all of the little buttons on the perimeters of the charts, however that’s child stuff. No, you need to open up the drawing menu and get all Lovely Thoughts with it, don’t you?
Excellent news: moomoo has 38 completely different drawing instruments so that you can make your mark on any chart you please. You’ll be able to draw your personal development strains, isolate and determine developments in sure time intervals, and apply all of it in opposition to any technical indicators you need to apply on the chart alongside your personal work.
Consider it like a digital whiteboard so that you can work out your ideas and spot fascinating patterns from the consolation of your desk chair.
Different Chart/Information Stuff
This can be a fast part dedicated to the options that didn’t match neatly within the different classes.
Brief Sale Quantity: A set of charts that present brief sale volumes. Provides you a visible illustration of brief indicators, brief curiosity, each day brief quantity, and different short-related information
Institutional Holdings: Charts that, when information is offered, 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 judge shares and their valuations. Additionally allows you to graph in opposition to historic information
Monetary Reviews: Provides you a approach to consider earnings reviews and monetary reviews 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 stage II market information and charting capabilities. Join moomoo as we speak 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 could 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 lookup a inventory (AAPL), take a fast have a look at its value and monetary information, 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 robotically contains portfolio info within the middle, basic account info on the left, and information that we’ve regarded 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 a protracted listing of choices, however the one we’re on the lookout for is on the very high. Apple Inc. You already know, 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 while 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 quite a bit happening, so let’s break it down.
The center of the display reveals AAPL’s value modifications in intraday buying and selling as we speak with a development line to clean issues out. On the highest proper you’ll see a few of AAPL’s historic value information, and beneath it you’ll see a few of the bid/ask spreads from the buying and selling day. Underneath that you simply’ll see the Stage II information that reveals a number of ranges of bid/asks.
To the left of the Stage II information is what we’re on the lookout for: the buying and selling interface. The worth is okay, so we’re going to want to vary the “Fashion” to “MKT Purchase.” There are a variety of different choices for purchasing 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 stage II market information and charting capabilities. Join moomoo as we speak 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 information sounds too good to be true, you is likely to 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 legit funding platforms, moomoo is closely regulated. Each the U.S. Securities and Trade Fee (SEC) and the Monetary Trade Regulatory Authority (FINRA). The federal government company (SEC) and government-authorized nonprofit (FINRA) ensure that moomoo is following the regulation and being trustworthy with buyers.
Moomoo can be a member of the Securities Investor Safety Company (SIPC), which insures the property 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 defend 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 straightforward to make use of, jam-packed with options, and provides common buyers the power to commerce in worldwide waters.
It’s no marvel the platform has acquired awards from platforms like Fintech Breakthrough, Investing Easy, and Benzinga. (Learn our Benzinga Assessment.)
Though commission-free buying and selling and stage II market information 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, not like moomoo.
You normally join both a inventory analysis platform to get market information 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, nevertheless, presents each inventory buying and selling AND stage II market information for FREE.
That’s not one thing you see daily.
So in case you’re on the lookout for a brand new place to commerce or simply really feel like downloading one thing, why not give it a shot?
Should you’ve had success with moomoo or are contemplating giving it a strive after studying our moomoo overview, tell us within the feedback beneath!
