What is Moomoo?
Moomoo is a trading platform that offers commission-free trading of stocks, options, and ETFs, aimed primarily at retail investors.
When did it start operations?
Moomoo was launched in 2018.
Where is its headquarters?
The company is headquartered in Palo Alto, California, United States.
In which countries is it banned?
Moomoo primarily operates in the U.S. and may have restrictions in other countries, especially those with strict regulatory requirements.
Pros and Cons
Advantages:
- Commission-free trading for stocks and options.
- User-friendly mobile and desktop platforms.
- Advanced research tools and resources.
- Access to real-time data and news.
Disadvantages:
- Limited international trading options.
- Some users may find the platform’s features overwhelming.
- Not suitable for all types of traders, particularly those seeking extensive support.
Trading Instruments
What instruments can I trade?
You can trade various instruments, including:
- Stocks
- Options
- ETFs (Exchange-Traded Funds)
Fees
What are the trading fees?
Moomoo offers commission-free trades for stocks and options, but there may be fees associated with specific services or account types.
Scalping
Does it allow scalping?
Yes, Moomoo allows scalping strategies on its trading platform.
Trading Platform
Is there a trading platform?
Yes, Moomoo provides its own trading platform, available on both mobile and desktop.
Margin Trading
Is there leveraged or margin trading?
Yes, Moomoo offers margin trading, allowing traders to use leverage for their trades. Specific leverage ratios can vary based on account type and regulatory requirements.
