moomoo Review 2022: A Newer Broker That’s Making A Splash

Apart from brokerage business, Futu sharpens edges of its product diversification. In terms of enterprise service business, Futu had 258 IPO and IR clients as well as 459 ESOP clients by the end of first quarter, climbing up 69.7% and 129.5% YoY, respectively. Fragmented brokerage market, and its improvements on the diversification of its product offerings and geographic reach.

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Investor Junkie does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. Investor Junkie strives to keep its information accurate and up to date. The information on Investor Junkie could be different from what you find when visiting a third-party website. This isn’t a massive drawback if you’re mostly trading stocks and ETFs and want some non-U.S. But competitors like Robinhood and Webull are branching into crypto, and more full-service brokers support mutual funds and various fixed-income products. Moomoo is an online broker that lets you trade commission-free stocks and ETFs as well as options. Its main selling point is the amount of free data you get, plus access to Hong Kong and Chinese markets.

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The trading platform is fairly straightforward and can be used by beginners as well as advanced traders. There are no commissions on trades you make, though you might have other small fees, such as regulatory fees, that you’d pay when you sell. Additionally, although there’s no commission fee for trading options, you will pay a contract fee for each options contract.

  • FinanceBuzz has partnered with CardRatings for our coverage of credit card products.
  • Investor Junkie does attempt to take a reasonable and good faith approach to maintain objectivity towards providing referrals that are in the best interest of readers.
  • Moomoo does not have an auxiliary insurance policy at this time, so SIPC coverage is the maximum available for securities.
  • During trading hours, Moomoo also provides telephone support.
  • Moomoo also includes a blog where you can get updated news and information, as well as investing ideas.
  • We may receive payment from our affiliates for featured placement of their products or services.

Although even 15 free stocks at $3.99 is about $60 in free stocks, and you might get lucky and land around $100 to $200 worth of free stocks or even more. Moomoo is a broker-dealer from MooMoo Financial Inc. that began in 2018.

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These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability. In addition to allowing you access to trading, Moomoo offers several technical indicators and tools designed to help you make better investing decisions. You can get real-time quotes and news, as well as insights and analyses. This includes access to the New York Stock Exchange Arcabook, which offers real-time bids and asks, and is a tool often used by professional traders. One of the investment apps available today is Moomoo, which is commission-free and offers plenty of trading options. If you’re in the market for a way to trade stocks, ETFs, or options without paying any commissions, you may have arrived at the right place.

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StashAway is a digital wealth manager that navigates macroeconomic data. It personalizes financial planning and portfolio management for retail and accredited investors.