Summary: Moomoo offers research and education resources geared toward active traders.
Active traders can tap into a trove of data, including news, live market data, and chat from other Moomoo traders. Resources are lighter than you would get with some of the larger brokerages, but the tools and data you have at Moomoo are sufficient for many active traders.
Education resources directly on the Moomoo site are fairly light, though you also have access to all Futu resources. Still, this area of the site leaves much to be desired. It’s better to come to Moomoo with an idea of what you’re doing in the markets.
Summary: Moomoo is best for intermediate to expert traders and those looking to expand their active trading knowledge.
Moomoo says it is beginner-friendly, but the platforms and tools are more appropriate for those who have a bit of market experience. New and beginner traders may find the tools and resources here a bit overwhelming.
If you’ve tried out other trading apps, you should only have a small learning curve to get up and running with Moomoo’s tools. Overall, any intermediate to expert trader will do fine at Moomoo. Intermediate traders may find the best experience here with a good balance of tools and features to meet your needs.
Is Moomoo regulated?
Yes, Moomoo is subject to all applicable US laws and regualtions. Futu Inc. Is regulated by the SEC and FINRA.
Where is Moomoo based?
Moomoo is based in the heart of Silicon Valley in Palo Alto, California, as is Futu Inc. They are both indirect, wholly-owned subsidiaries of Futu Holdings Limited (Nasdaq:FUTU) a company based in Hong Kong
When was Moomoo founded?
How does Moomoo make money?
Moomoo licenses its app to the brokerages. Parent company Futu makes money from trade routing, margin interest, subscriptions, and fees.
How do I deposit in a Futu account?
ACH or wire transfer
How do I withdraw money from Futu?
ACH or wire transfer
How do I open an account with Futu?
In the Moomoo app or online
Does Futu offer margin accounts?
Are funds at Futu secured or insured?