Moomoo
Overview
Moomoo is a powerful trading platform backed by Futu Holdings Ltd., designed to disrupt the industry by offering institutional-grade tools to retail investors for free. It is often compared directly to Webull but distinguishes itself with even deeper data visualization, including Level 2 market data, supply chain mapping, and AI-powered earnings reports. While it originated in Asia (and remains a dominant player in Hong Kong and Singapore), it has rapidly expanded in the US, appealing to data-hungry active traders who want more than just a simple "buy" button.
Key Specifications
| Account Minimum | $0 |
|---|---|
| Stock & ETF Trade Fee | $0 (Online US listed) |
| Options Fee | $0.00 Commission (+ $0.65/contract platform fee) |
| Fractional Shares | Yes (Min $5.00 for supported US stocks) |
| Uninvested Cash Interest | ~5.10% APY (Cash Sweep Program, variable) |
| Market Data | Free Level 2 Data (Real-time bids/asks) |
Trading Platforms
1. Moomoo Mobile App
The app is arguably the most feature-dense in the retail market. It includes "Star Institutions" tracking (to see what Warren Buffett or Cathie Wood is buying), industrial chain mapping (to see who supplies Apple or Tesla), and floating windows for multitasking. It can be overwhelming for beginners but is a goldmine for data lovers.
2. Moomoo Desktop
The desktop version allows for multi-monitor setups with customized layouts. It supports advanced charting with over 60 technical indicators and smart drawing tools. It also integrates a global news feed that tags specific tickers mentioned in articles.
Investment Features
- AI Earnings Report: Moomoo uses AI to instantly summarize earnings calls and visualize the key financial metrics, helping traders digest complex reports in seconds.
- Short Selling Analysis: Provides daily short volume data and short interest rankings, helping traders identify potential short squeezes.
- Global Access: Allows trading in US, Hong Kong, and China A-shares markets from a single account, making it ideal for investors looking for Asian exposure.
- Paper Trading: Includes a robust paper trading system with real-time data competitions to test strategies without risk.
Account Types
Moomoo focuses on individual trading accounts:
- Individual Margin & Cash Accounts
- Traditional, Roth, & Rollover IRAs
- UTMA/UGMA (Custodial Accounts) for select regions