Please see details on how to unfreeze your free share below.

27 Jul Please see details on how to unfreeze your free share below.

Every moomoo brokerage customer in the United States is eligible for $500,000 of insurance on positions of securities. The policy is with SIPC and guarantees the number of shares the client holds. Moomoo is a member of SIPC, which is https://www.cmcmarkets.com/en/learn-forex/what-is-forex America’s major insurance company for brokerage accounts. Because moomoo doesn’t offer any banking products, it’s not a member of the FDIC. However, idle cash can be swept to some partner banks, where the cash will be FDIC insured.

• Moomoo provides access to US, Hong Kong, Japan and Singapore futures markets, with more than 200 products.
• For example, in the case of stock investing the most important fees are commissions.
• On the other side of the coin, theExpressfocuses on minute-by-minute developments that may trigger price movement.
• Please see details on how to unfreeze your free share below.
• The moomoo desktop platform provides only one-step login.
• Here are the fouradvantagesyou will get when you use MooMoo while you trade stocks.

On the other hand, traders planning to look for an IRA will need tofind anotherbroker. Along with thefirst-rate customerexperience, it gives users access to a complete digital brokerage service and a wealth management platform. In recent months, the brokerage firm has added Moo , market and security information, and news articles.

dotbig investments And Beyond

Stay informed 24/7 about market movements with pushed AI-driven alerts. This is important for you because the investor protection amount and the regulator differ from entity to entity. Moomoo provides access to some US and Hong Kong options markets, although it’s not clear which options exchanges specifically. Moomoo’s focus on US stocks and ETFs is not https://twitter.com/forexcom?lang=en a surprise, as most US brokers mainly or exclusively cover the US market. The moomoo desktop platform provides only one-step login. A bank transfer can take several business days, while payment with a credit/debit card would be instant. You can also trade Hong Kong stocks; the commission is 0.03% of the invested amount or HKD 3, whichever is higher.

The mobile app also has unusual activity and option ranking by characteristics like open interest increase and turnover. Moomoo’s individual taxable accounts are available only in margin mode. Every security profile has small icons that reveal the asset’s margin details, such as maintenance margin and short rate. A security’s price history can be found on the app by tapping on the Quotes tab on the security’s profile. Rotating the mobile device produces a horizontal chart with a decent amount of indicators, drawing tools, and plot styles.

The dotbig testimonials Hide

BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . We tested it and collected the options and costs in How to withdraw money on moomoo. Is moomoo legit features all the key aspects you need to look at to see if a broker is safe and legit. All you need to know about the moomoo customer service. Our ultimate guide to the moomoo minimum deposit is updated regularly. You can only withdraw money to accounts that are in your name. Credit/debit cards and electronic wallets are not accepted, a common practice at many US discount brokers.

However, there are trading fees for overseas equities and Securities and Exchange Commission fees for U.S. options. You can access freeLevel 2 market dataif you join Futu through MooMoo. No content on the website shall be considered a recommendation or solicitation for the purchase or sale of securities, futures or other investment products.