After my recent article on moomoo app, there’s been increased traction and number of sign-ups for the app. As such, I’ve decided to cover more features on moomoo’s trading app such as key features that will help your investing journey become smoother and more seamless. Without any further delay, let’s get started.
Disclaimer: The information written in this article is based on my own research and opinions.
Note: This is a sponsored post
Introduction
moomoo is a trading platform offered by Moomoo Inc., a subsidiary of Futu Holding Limited (FUTU), and its subsidiaries which has 43 licenses globally in major financial markets such as the United States, Hong Kong, Singapore, and others. In Singapore, capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. (FUTU SG), licensed and regulated by the Monetary Authority of Singapore (MAS).
Moreover, the US securities brokerage accounts you own with Futu SG are protected by the Securities Investor Protection Corporation (SIPC). The SIPC provides some protection over an investor’s securities and cash when a brokerage firm is liquidated.
Futu Holdings is backed by world-class strategic investors including venture capital affiliates of Tencent, Sequoia Capital, and Matrix Partners. After almost 9 years of development, Futu’s trading platforms have garnered almost 16 million users from more than 200 regions and regions around the world, with more than one million average daily active users.
Competitive Commissions
| As at 1st September 2021 | US (Stock and ETF) | Singapore | Hong Kong |
|---|---|---|---|
| Commission Fee | $0.0049/share (min. US$0.99)** | 0.03% * trade value (min. SG$0.99)** | 0.03% * trade value (min. HK$3)** |
| Platform Fee | $0.005/share (min. US$1/order) | 0.03%*trade value (min. SG$1.5/order) | HK$15/order |
Futu SG being the newest broker introduced into the Singapore market has definitely come into the market with an aggressive fee structure to entice new users to sign up. The fee structure is more attractive than the traditional brokers we have here such as DBS Vickers or UOB KayHian and is more on par with the other online brokers that just came into the market such as Tiger Brokers and Interactive Brokers SG.
Once you registered for a moomoo ID, you will be given free real-time Level 2 US Market Data, Level 1 SG Market Data, and now Level 1 for China A shares. For opening an account, you will be given 180 days or 6 months of unlimited commission-free trades across the US, HK, and SG markets (do not apply for Stock Options and Futures).
When you deposit SGD 2,700, USD 2,000, or HKD 16,000 successfully into your account, you will be rewarded an SGD88 cash coupon (only from 17 September at 20:00 hrs SGT to 30 September at 23:59 hrs SGT). After completing 5 trades for any market or products except Futures, you can get 1 free Apple (worth SGD 200*) share. This equates to a 10% ROI on your deposited SGD2,700 without doing any work!
Read Also: 3 Important Things You Didn’t Know About moomoo’s Trading Platform
All in one App
With moomoo app, you have everything you need to know for your next trade readily available all in one app. Remove the struggle of having to research a company’s performance and sentiment across different platforms and websites.
Here are some key features and more – all at your fingertips:
- 24/7 updated headlines and news
- Earnings Calendar
- Ratios and analysis
- Graphs and up to 29 chart patterns and drawing tools
- Company introductions, announcements, financial reports, conference calls
- Competitor research
Making it fuss-free for you to capitalize on new market opportunities, moomoo app filters popular stocks across stock markets under “Heat Lists” based on trading volume, search volume, and news volume to help you identify what is hot in the market! Feel free to also screen stocks based on your own philosophies using the in-app “Stock Screener” as well!
Coupled with the app is a wide and engaging community that you can get in touch with before you trade to gain new perspectives and express your opinions with moomoo’s 16-million plus strong moo community from all over the world. The forum features will allow you to gain deeper insights before you trade.
24-Hour Customer Support
In addition to all the fantastic features, moomoo powered by FUTU offers a 24 hours customer service on trading days so that investors can have peace of mind when trading with moomoo.
Within the App itself, customers can use the in-app live chat function via “customer service” under the “Me” tab. Through the in-app chat, a customer service representative will tend to you and answer all your questions.
You can also tap into additional customer service support available via moomoo’s in-app “Help Center”, hotline, email, and social media platforms.
- “Help Center” via in-app
- Email: clientservice@futusg.com
- Customer Service Hotline: +65 6439 1100 (Weekdays: 9am – 6pm)
- Social media: @moomoosingapore
Final Thoughts
In summary, moomoo’s trading platform is unique with tons of interesting features and functionalities. The overall platform is not only easy to use but also very intuitive for new users to simply jump on board and start trading the stock market. Coupled with their friendly and always available customer support, the huge community that is readily available at your fingertips, any investor, new or advanced can equip moomoo powered by FUTU as their main choice of trading app when trading the stock market.
If you have yet to sign up for an account with moomoo powered by FUTU you can use my referral link here. For opening an account, you will be given 180 days or 6 months of unlimited commission-free trades across the US, HK, and SG markets (do not apply for Stock Options and Futures). You will also be given free real-time Level 2 US Market Data, Level 1 SG Market Data, and now Level 1 for China A shares too!
When you deposit SGD 2,700, USD 2,000, or HKD 16,000 successfully into your account, you will be rewarded an SGD88 cash coupon (only from 17 September at 20:00 hrs SGT to 30 September at 23:59 hrs SGT). After completing 5 trades for any market or products except Stock Options and Futures, you can get 1 free Apple (worth SGD 200*) share. This equates to a 10% ROI on your deposited SGD2,700 without doing any work!
Hi,
I am interested to jump into Moomoo. Just to clarify with you — there was an earlier mention of a new subscriber being offered a free 128GB iPhone 13? Is this offer still on, and what does a new subscriber have to put in to get this iPhone as well as the one free Apple share? I understand I have to deposit at least SGD 2,700 into my account after registration.
One other question : currently I am in Kuala Lumpur. If there is such an offer of iPhone 13, how do I get to claim it?
Thank you. Looking forward to your reply.
Tan
At the moment, this is the promotion for onboarding with Moomoo:
Account Opening Reward:
(i) Free access to Lvl 2 Market Data for the US stock market
(ii) Free access to Lvl 1 Market Data for the SG stock market
(iii) Free access to Lvl 1 Market Data for China A Shares market
(iv) 1 limited edition “moomoo Oppa” moomoo figurine merchandise – capped at 1 per user, while stocks last!
First Deposit Reward:
New user will need to deposit of SGD 2,700 or USD 2,000 or HKD 16,000 & above to receive the following,
(i) 1 Apple (AAPL) share worth around SGD 200
(ii) SGD 40 Stock Cash Coupon Bundle
Shares Transfer-in Reward:
Accumulated Share Value successfully transferred-In (SGD) within Campaign Period,
⁃ SGD 50,000 – SGD 99,999: rewarded 1 Apple (AAPL) share worth around SGD 200*
⁃ SGD 100,000 – SGD 199,999: rewarded 2 Apple (AAPL) shares worth around SGD 400*
⁃ ≥ SGD 200,000: rewarded 1 iPhone 13 (256GB) worth around SGD 1,469
Limited to 50 sets, first come first serve! Or 3 Free Apple (AAPL) shares worth around SGD 600*
As you are in KL, I’m not sure if the offer can be applicable for you.