Picture a stock-trading app with the sleek interface of Robinhood, only way more advanced but still totally free.
Thatsmoomoo, a colorfully named and increasingly popular investing app.
Thats just the beginning, though.
Getty Images
If youre a more experienced trader, moomoo puts some heavy firepower in your hands.
The premier data feed for serious traders shows you bid and ask prices by market makers in real time.
7 Ways to Make Money if You Hate People
Do you avoid people too?
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
Other stock trading apps charge extra for Level 2 quotes, so this sets moomoo apart.
Is this App Safe?
Online investors think so.
Your financial information is encrypted, and your deposits are insured.
How to Get Free Stocks from Moomoo
Its always nice to get a little bonus.
If you join moomoo usingthis link, it’s possible for you to earn up to three free stocks.
Did we mention these are free?
Its called paper trading.
it’s possible for you to even sign in with a Facebook or Google account ID.
If you earn a lot of fake money through your amazing investing genius, thats cool.
There are no commissions or contract fees for options trading, either.
But thats no longer true.
you might use the app to buy or sell municipal, corporate or U.S. Treasury bonds.
It offers market data that can be sorted and analyzed using 50 different technical indicators.
you’re able to view businesses financial statements.
You have access to profit-and-loss statements for each publicly traded company.
you might see the capital flowing in and out of each company.
You also have access to third-party ratings from professional researchers who are examining various stocks.
Over the last month?
Over the last year?
How has it performed over the past five minutes?
What kind of charts do you prefer line charts, bar charts, candlestick charts?
you might customize the charting function to suit your personal preferences.
Again, moomoo sorts its data using 50 different technical indicators.
you’ve got the option to chart market data using whatever indicators it’s crucial that you see.
it’s possible for you to put in stop-limit orders or trailing stop-loss orders.
Are you a high-volume trader?
you’ve got the option to even put in up to 40 orders at a time.
These can include price alerts, bid/ask alerts, event alerts, whatever you want.
Are you waiting for a stocks price to drop below a certain number before you buy it?
Do you want to know when a stock you own is jumping up in price?
Are you waiting on a specific event to happen to a particular company?
Have notifications sent to your phone, so you never miss anything thats important to you.
Customizable News Feeds
Naturally, youve got to stay updated on financial news.
Before you know it, you’re able to drown in news feeds.
Moomoo allows you tocustomize your feedsso you only get the news that really matters to you.
The app also offers exclusive market insights that youre not going to find on CNBC.
Theres no minimum deposit required.
In fact, you’ve got the option to start paper trading with zero real dollars.
It should be noted that moomoos competitors typically charge more for this service.
you could also go on the foreign exchange market, Forex, to invest in foreign currencies.
Active Online Community
On the moomoo app, you might communicate with other investors like yourself.
This community already has more than 100,000 users, and its growing.
Its another way to keep your finger on the pulse of the investing world.
Its also a good place to throw out questions about particular investment opportunities you may be wondering about.
you’ve got the option to email customer service at[email protected].
How to Open an Account
You canopen a brokerage account through moomooin five minutes.
Those are all the qualifications you need.
Go to moomoos homepage or download the app onto your phone, tablet or PC.
It doesnt matter whether youre using an Apple, Google or Windows gadget.
The bottom line is that moomoo is building a state-of-the-art, next-generation, one-stop shop for online stock trading.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
No Interest Til Almost 2027?
Balance Transfer = Credit Card Cheat Code
