Moomoo Stock Investing App Review: Pros, Cons and Analysis

If moomoo stock investing app is on your radar, this short guide cuts through the noise. Here is what is worth knowing, and how to put it to work today.

Key Takeaways

• Share Some links on our website are sponsored, and we may earn money when you make a purchase or sign-up after clicking.
• Learn more about how we make money and read our review methodology.
• 4.1/5R.J.'s Take: Moomoo is built for traders who want every bell and whistle without paying through the nose.

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Some links on our website are sponsored, and we may earn money when you make a purchase or sign-up after clicking. Learn more about how we make money and read our review methodology. 4.1/5

R.J.'s Take: Moomoo is built for traders who want every bell and whistle without paying through the nose. But if you're looking to set it and forget it with your investments, this isn't your platform.

Moomoo shines for active traders with its advanced charting tools, free options trading, and access to Asian markets that most US brokers don't offer. The platform gives you professional-grade data and analysis tools that would normally cost hundreds elsewhere. But here's the thing - all those features can tempt you into trading more than you should.

For long-term investors, Moomoo falls short. No retirement accounts, no mutual funds, and no automated investing features mean you'll need to look elsewhere if you want to build wealth steadily over decades.

Bottom Line: Moomoo is excellent for active traders who want professional tools at zero cost, but purchase-and-hold investors should look elsewhere for retirement planning and long-term wealth building.

Pros:

• Commission-free stock trades.
• Access to advanced data and research tools.
• Full extended trading hours beginning at 4 a.m. EST.
• Commission-free options trading (no contract fees).

Cons:

• Taxable accounts only (no IRAs).
• The wealth of data provided may be overkill for some users.
• Below average trade execution due to payment-for-order-flow practices.
• No mutual funds or bonds available.

Visit Moomoo

Founded in 2018, Moomoo is an investing app that offers zero-commission stock, ETF and options trades. 

In this Moomoo review, we’ll cover:

• The benefits and disadvantages of using Moomoo.
• How Moomoo compares to apps like Robinhood and Public.
• Whether Moomoo is safe to use.
• The type of investor Moomoo is best for.

Table of Contents

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• Moomoo 101
• Moomoo Key Facts
• Moomoo Fees
• Moomoo Comparison
• How Moomoo Works
• Getting Started With Moomoo
• Is Moomoo Right For You?

Moomoo 101

There’s no shortage of free stock trading apps. Robinhood is the most popular of these, but it’s geared towards beginners and lacks numerous of the features that are key to advanced investors. Moomoo differentiates itself by tailoring its offerings to active traders.

These features include:

• Advanced charting. Moomoo allows you to chart 63 technical indicators in 10 different categories, and boasts 38 drawing tools. Indicator types include trend indicators (MA, EMA), overbought/oversold indicators (KDJ, RSI, BIAS), and pressure/support indicators.
• Full-extended trading hours. Allows trading in pre-market from 4:00 a.m. to 9:30 a.m. EST, and after hours from 4:00 p.m. to 8:00 p.m. EST. Robinhood offers extended hours from 7:00 a.m. to 8:00 p.m. EST, plus 24-hour trading for select popular stocks. However, Moomoo still provides an additional 3 hours of pre-market access starting at 4:00 a.m.
• Access to Level 2 market data and real-time quotes. While access to this data is part of Robinhood’s Gold membership ($5 per month), Moomoo users get it for free.
• Crossed market orders. This feature is beneficial for traders who want to purchase a security when it’s offered at a lower cost on one exchange, but sell it when it is higher on another exchange. This is a rare occurrence, but a strategy frequently used by more advanced traders.
• Access to international markets. Enables trading stocks, ETFs, options and futures on the U.S., Chinese and Hong Kong markets.
• Advanced order types. In addition to basic stop loss and limit orders, Moomoo allows you to set limit if touched orders (LIT), market if touched orders (MIT), trailing stop orders and trailing stop limit orders. You can set these limits to expire at the end of each day (GTD) or until they’re cancelled manually (GTC).

While the platform was first launched in 2018, the company behind the app, Futu Holdings Ltd., is not new to the industry: it’s a publicly-traded company (FUTU) with a market cap of around $15 billion. Headquartered in Hong Kong, Moomoo’s U.S. offices are located in Palo Alto, California.

Free stock: Moomoo constantly offers one of the best free stock offers for new users. Our Moomoo free stock promotion page lists the current offer, which we update frequently.

Moomoo Key Facts

Fees:No account or trading fees.Account minimums:$0Account types:Taxable (standard and margin trading).Investment types:Direct stocks, ETFs, options, bonds, and custodial spot crypto trading

Moomoo Fees

Account fee:$0Inactivity fee:NoneWithdrawal fee:$0Options trading fee:$0Margin rates:6.80%ACH return:$10 per orderStock transfer:$75 per transfer

Moomoo Comparison

BrokeragePublicRobinhoodMoomooAccount TypesTaxable and retirement accounts (Traditional and Roth IRAs)Taxable and retirement accounts (Traditional and Roth IRAs)Taxable accounts onlyMinimums$0 to start investing$0 to start investing$0 to start investingTrading Hours9:30 a.m. to 4 p.m. ESTExtended hours: 7 a.m. to 8 p.m. EST, plus 24-hour trading for select stocks4 a.m. to 8 p.m. ESTInvestment TypesStocks, ETFs, bonds, crypto, and optionsStocks, ETFs, options, and cryptoStocks, ETFs, options, and cryptoExchangesU.S. exchanges onlyU.S. exchanges onlyU.S., China and Hong KongSupportEmail and in-app chat (no phone support)Phone and emailPhone (8:30 AM-4:30 PM EST), 24/7 live chat, and emailBest ForPurchase-and-hold investors who want a transparent platform focused on long-term wealth buildingInvestors who want a modern mobile experience and IRA matching (but caution as app can promote overtrading)Sophisticated investors with a proven track record who can benefit from advanced tools without being tempted to overtrade

How Moomoo Works

One of Moomoo’s core goals is to bring the day trading experience active investors are used to on a desktop computer to their mobile devices. A good way to visualize this is by comparing what stock trading looks like on Public (a stock trading app for beginners, shown on the left below) with what it looks like on Moomoo (shown on the right).

Public has a minimalist display with daily cost movements and an “invest” button, while Moomoo shows a multitude of data and options.

Viewing a stock on Public. Viewing a stock on Moomoo.

From the trading screen, you can view charts ranging from intraday to five months while applying different technical indicators and analyses to each of these charts with the click of a button.

Moomoo’s stock detail screen on a mobile device.

On th

Final Thoughts

Before you check out, double-check moomoo stock investing app against current offers and any coupons you can stack. Small habits like this add up to real savings over a year.

Originally published at thewaystowealth.com.