At Moomoo, you are immersed in a smart business environment that includes free market insights, data, and analytical tools to help you make wise decisions.
While you may have thought you were about to play the Moomoo game, this is a game that can give you financial security, help you build wealth, or even change careers.
About Moomoo
Based in Palo Alto, California, Moomoo Inc. is a subsidiary of Futu Holdings Ltd, a fintech company that aims to revolutionize the trading experience for retail investors. Moomoo’s mission is to offer intuitive platforms that help investors make smart decisions.
When you trade Moomoo, your funds and operations are managed by Futu Inc, which is registered as a stockbroker with the SEC, FINRA, and SIPC.
Moomoo investors include industry titans such as:
Where did Moomoo come from?
Leaf, Futu’s CEO, noted that it was a passing reference to a nursery rhyme that sparked the name:
“One night three years ago when we were disagreeing over the name of this international stock trading app, Keith’s wife, who was in charge of the US branch of FUTU, came by and heard our dispute. ‘How about calling him moomoo?’ She made an impromptu comment, ‘It’s in a lullaby.’
Moomoo was born, Futu bought the moomoo.com domain from an engineer in San Diego, and hundreds of thousands of customers trade on the platform every day.
Moomoo Background
With generally high-income clients, Moomoo has an average age of 34, with nearly 35% of its clients working in finance or technology. Additionally, the company retained 98% of its paying customers each quarter in 2020.
With a growing customer base, the company is looking for new ways to keep customers happy. It started with just over 80,000 clients at the end of 2017, increasing to nearly 133,000 at the end of 2018, 198,000 at the end of 2019, and a staggering 516,721 clients at the end of 2020.
Moomoo has grown so large that it reached 1 million customers just before June 30, 2021.
Advantages of operating on Moomoo
In Moomoo, you can take advantage of several different benefits, including:
- A selection of more than 8000 stocks
- Extended business hours
- No minimum deposit
- Tier 2 free quotes
Active traders can use Moomoo because it helps them with smart ordering, market trend data, and allows them to travel with the mobile app.
Are you a cost conscious trader? In Moomoo, you get, among other things:
- $ 0 commission for US residents.
- $ 0 minimum balance
- $ 0 platform fees during promotional period
- Low regulatory fees
- $ 0.65 per option contract
What should Moomoo work on?
It would be wonderful if Moomoo had a phone or live chat support, however you can email cs@fututrade.com for additional help. Furthermore, the many positive features of the platform partially compensate for this shortcoming.
How does Moomoo compare to other runners?
Moomoo’s trading platform is unique among its industry peers because it offers several unique options for retail investors, such as:
- Execution price cross comparison
- A high volume business environment
- Moomoo’s trading hours are extended, starting at 4 a.m. EST and ending at 8 p.m. EST
Get started with Moomoo today
What is Moomoo? It is a unique trading platform that helps you access the markets, improve your portfolio, and build wealth.
You can start trading with Moomoo today, taking advantage of low or no fees, a quality business interface, extended hours, and much more. If you want to try Moomoo, you can sign up today. Also, you can return to Benzinga for more financial information at any time.
Frequent questions
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Is Moomoo legal?
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Patton hunnicutt
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Moomoo is a subsidiary of Futu Holdings Ltd. Securities. The firm is regulated by the Securities and Exchange Commission and FINRA. In Singapore, the company is regulated by the Monetary Authority of Singapore.
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Moomoo is level 2?
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Moomoo is level 2?
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Patton hunnicutt
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Moomoo offers Tier 2 data, providing better pricing information, including ECN and manufacturer prices.
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Benzinga
0 Commissions and minimums without deposit. Everyone gets smart tools to make smart investments. Webull supports full extended hours trading, including full pre-market sessions (4:00 AM – 9:30 AM ET) and after hours (4:00 PM Webull Financial LLC is registered and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) .It is also a member of the SIPC, which protects (up to $ 500,000, which includes a limit of $ 250,000 for cash) against loss of cash and securities held by a client at a SIPC member brokerage firm in financial distress.
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