Investing with MooMoo
Category: Investment Tools
Tags: finance, investing, robo advisor
Description
MooMoo is an online mobile app and software for investing. The brokerage is can be beginner-friendly and easy to understand. It also allows trading trade on the platform with it low commission and transaction fee. The software even has a crash course if you are willing to learn its features such as options trading and investment strategies.How Investing Used to Be
I remember back 5 years ago buying stock required you to go to a bank to create an account. Apart from having to spend a huge sum of money just to open an account. You have to have a large sum of money to even begin investing. What’s wrong is the crazy expensive transaction fees and conversion fees involved. Thank go we are now in a digital era!What makes MooMoo Great!
MooMoo constantly gives free rewards (cash vouchers and stocks) and perks (lower commission and zero fees for a duration) when you invest more with them. Apart from that, they give a really good referral bonus when you refer someone. With over 500,000 plus active users on the platform. MooMoo is a great platform to use for news information, listening to people’s perspectives on podcasts, options trading and simply investing in a large-cap fund.Is it a Safe Investment Platform?
Futu Inc. is a U.S. Securities and Exchange Commission-registered broker-dealer and a member of FINRA and the Securities Investor Protection Corporation (“SIPC”), which ensures securities customers up to $500,000 (including $250,000 for cash claims). Moomoo’s parent, Futu Holdings Limited, is backed by some of the world’s notable investors. Which include venture capital affiliates of Tencent, Sequoia Capital, and Matrix Partners.
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