moomooReviews of moomoo.com

For a small cash account most things are pretty well. It's not overall user friendly. I would like to see a faster execution and less restrictions on the stocks that we can trade.

This platform will be great for someone. If the cons below (mostly options related) don't bother you this is for you. Pros: + Generous funding bonuses + Advanced charting tools + Preset option strategies for quick entry Cons: - Suffocating collateral risk management: Option legs that should share the same collateral are NOT combined and have redundant collateral. You cannot leg into an Iron Condor and must use the present option which forces wings and body to be the same length for some baffling reason. - Rolling a position assumes full collateral risk for the new position without calculating the closing position. If the order remains open buying power and withdrawable cash go to zero until this executes or is cancelled. That means you can't have multiple GTC rolls and will have withdrawals fail if you have an open order. - Support is terrible - Fewer marginable symbols

Help on understanding accounts and what is available for trades

Nothing like the Robinhood Experience. MooMoo has too much data slammed in a crowded space! Navigating on Robinhood is sooo easy and beginner friendly! MooMoo is so darn complicated!

Positive: it is very complete & thorough platform... Negative: Complicated... Simplicity & straight to the point platform is way better... & can't understand the speaker... Way too many rewards, tasks etc, etc...

The trading site is very frustrating to use. Other brokers show the balance available when in the buy screen, but not Moomoo. In fact it is extremely difficult to find that information. Withdrawing funds is also very difficult as links that should appear, according to the help information, do not. In fact, I have numerous instances where the guidance given in the support pages does not tally with what actually happens on screen. I want Moomoo to succeed because it is a good alternative to Stake, but a lot of things need improving.

I don't understand the complexity of its margin financing. I do not know how much of my fund is freely available for money market subscription and how much already held up for margin facility. It is essential that a detailed tutorial be made available to this end.

I find the app very easy to use, with so many tools, information, etc. However, it not really convenience to trade fractional US shares due to the hours of trading limits. The fees is also too many. The vouchers are also quite limiting and short lived.