In the present day’s traders have an ever-growing record of websites and companies to select from when deciding the place to get their data, 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, nevertheless, they normally must pop over to brokerages and buying and selling platforms like eTrade or Robinhood.
For no matter cause, it’s exhausting to search out an simply accessible service or software program that may do each buying and selling and in-depth evaluation, and it’s significantly exhausting to search out one that may do all of it with a modern, trendy interface. There actually aren’t that many companies on the market, so you may think about how good it’s once 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 price a have a look at the very least.
Additionally earlier than we go any additional, let’s speak concerning the identify. Moomoo. Look, we get it, the emblem is a bull, as in bull market or as within the massive bull on Wall Avenue. Bulls moo, and younger kids 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 evaluation at what it’s about, what it might probably do, and what it really appears to be like like in motion.
The Voodoo That Moomoo Do Do
Platforms
Very first thing’s first: moomoo is out there 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 could increase some eyebrows for individuals who’ve gotten used to having a browser-based choice.
In case 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 wish to have proper in entrance of you.
Simply be sure 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 wish 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 number 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 Knowledge
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 illustration, you may click on round and discover information from these international locations 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 Courses
And that hardly scratches the floor. You may also discover up-to-date data on every kind of various asset lessons on moomoo, together with:
Cryptocurrencies
Futures
Overseas Change
Bonds
Warrants
Professional Tip:
Moomoo is a uncommon mixture of a brokerage that gives COMMISSION-FREE U.S. buying and selling in addition to FREE degree II market information and charting capabilities. Join moomoo right now to get began with this free, all-in-one buying and selling platform and obtain as much as 15 FREE STOCKS!
Actual-Time Knowledge
Talking of knowledge, moomoo goes out of its manner to offer 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 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.
In case you principally take longer-term positions and aren’t doing a whole lot of intraday buying and selling, then moomoo Stage II information most likely received’t be that helpful. If you’re a day dealer who does a whole lot of intraday buying and selling, however, it may be a useful device for figuring out the demand for any given inventory and predicting short-term worth actions.
Numerous companies solely present Stage II information to paying subscribers, if in any respect, so moomoo offering it totally free is low-key type of an enormous 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. In case you click on on any given inventory, bond, ETF, market, and so on, you may navigate to its particular person information pane for a listing of latest related tales collected in a single place.
In case you go to the principle information tab on moomoo, you may also 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 vital occasions developing within the economic system and in your shares’ futures.
It’s simply stuff like upcoming earnings bulletins and new financial information like jobs numbers and such, however it’s nonetheless a pleasant little characteristic to have on moomoo.
The Neighborhood
In case you’ve ever wished 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 quite a few totally different areas for merchants to hang around and speak.
You may chat, make pals, and begin teams and group chats with these pals should you so want. Once more, not a vital characteristic, however nonetheless fairly cool.
Chart-Topping Charts
Moomoo’s charts are usually 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, significantly. They go exhausting.
Are you into technical evaluation? Like slapping indicators on graphs and twiddling with transferring averages and Bollinger bands like some type of fiscal Nostradamus? Nicely, you’re in luck.
Moomoo’s charts help a ton of various indicators—63 of them, to be precise—and you may apply, tweak, and cross-compare as lots 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 net of strains and sticks that you wish to make.
And if these preset indicators aren’t sufficient for you, moomoo comes full with a customized indicator creator device. You may select from any mixture of the 190+ preset capabilities to make your very personal prognosticating instruments for a really 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 slightly otherwise. You may decide 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 wish to open up the drawing menu and get all Stunning 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 traits in sure time durations, 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.
Various Chart/Knowledge 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 brief sale volumes. Provides you a visible illustration of brief alerts, brief curiosity, each day brief quantity, and different short-related information
Institutional Holdings: Charts that, when information is out there, 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 Stories: Provides you a technique 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 gives COMMISSION-FREE U.S. buying and selling in addition to FREE degree II market information and charting capabilities. Join moomoo right now 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 evaluation 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 worth 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 may see, the dashboard mechanically consists of portfolio data within the heart, normal account data on the left, and information that we’ve regarded up beforehand on the appropriate 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 operate open and pointed towards AAPL.
There’s fairly a protracted record 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 cellphone you’re most likely 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 so much occurring, so let’s break it down.
The center of the display reveals AAPL’s worth adjustments in intraday buying and selling right now with a development line to clean issues out. On the highest proper you’ll see a few of AAPL’s historic worth information, and beneath it you’ll see a few of the bid/ask spreads from the buying and selling day. Below that you just’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 value is okay, so we’re going to wish to alter the “Fashion” to “MKT Purchase.” There are a whole lot 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 evaluation.
Professional Tip:
Moomoo is a uncommon mixture of a brokerage that gives COMMISSION-FREE U.S. buying and selling in addition to FREE degree II market information and charting capabilities. Join moomoo right now 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 may be questioning:
Is moomoo legit? Is moomoo protected?
Moomoo is closely regulated and its purchasers are insured, so we will say with confidence that sure, moomoo is protected.
Like most different authentic 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) ensure that moomoo is following the legislation and being trustworthy with traders.
Moomoo can 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 straightforward to make use of, jam-packed with options, and provides common traders the flexibility to commerce in worldwide waters.
It’s no marvel the platform has obtained awards from platforms like Fintech Breakthrough, Investing Easy, and Benzinga. (Learn our Benzinga Overview.)
Though commission-free buying and selling and degree 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 might supply each, however that entry normally sits behind the paywall of a premium subscription.
Moomoo, nevertheless, affords each inventory buying and selling AND degree II market information for FREE.
That’s not one thing you see each day.
So should 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?
In case you’ve had success with moomoo or are contemplating giving it a strive after studying our moomoo evaluation, tell us within the feedback beneath!