Leave a Review moomoo
It’s not Free
1. It’s not free. I did 1 lot option trade till now and charges were - option buying fee .48 cents and option selling fee .12 ..
2. It does not show your position based on mark price as TD Ameritrade or Robinhood does. It just updates based on last traded price and it’s misleading as there might not be any trade but option price might have gone down. Eg let’s assume you bought 1 lot at 1.80 and price went up and last order price of option was 2 and meanwhile price reversed and went down to 1 however this app still show as 20 profit instead of 80 loss.
3. I see all these features + real-time option price in Webull( its way better than Robinhood) + cash account wherein you can do any number of day trade.Show lessshamssheikh
for serious traders
I have good experience with moomoo. I dont have a huge portfolio, so using a free trading app is my go-to for investing in stocks. For the most part, the experience are excellent, the data is way better than robinhood and like most people talk about here, love their charts, very smart. I have a crash one time, but it is zero commission app, what else you want. Overall I think it is a great trading option if you want to do some serious trading.Show lessNatalHydra53
Very big fan!
I was afraid to buy stocks here first it’s why I did a small $20 deposit to test my account then I referred a friend withdrew my Referal bonus then I deposit $2,480 for a balance of $2,500 now to use the margin. All I do is withdraw more over my capital plus I keep referring for more profits I can see myself getting rich soon with moomoo!Show lessdlarue1
Great but some improvements to be made
Downloaded the app yesterday and have mostly positive things to say. UI is great and trade executions seem like they will be simple. Some of the cool data points it adds in involving market attitude is really cool, Robinhood does nothing like that. And the live chat feature is cool too, hoping to see it more active as the app gets more downloads. My only qualm is with the free stock. Always great and not complaining just a comment on clarification. You get a certificate saying you can redeem it for the stock from $8-200. I got ZNGA and it seems like lots of people have. Just think you guys should clarify that it’s not $8-200 but the ability to redeem ZNGA for example from any value up to $8. Other than that fantastic program and hope to get more free stocks in the future, hopefully there’s a JNJ value stock in my future!Show lessstevestrobes
Developer Response
Hi, thank you for your kind review and valuable feedback on the free stock card program. It is a great idea to clarify the promotion and avoid confusion. I've forwarded this to our product development team for an improvement plan. Thank you for your help! If you have further suggestions for us, please reach us anytime at support@moomoo.com. Thank you!Hidden Treasure!
I wish I could came across this app sooner! I have always been intersted in learning about investment strategies. this app is the best place for me to get started. It is very easy to use. What I love most about this app is that it actually push you to take charge and be responsible for your own investment decision. There are so many apps like acorns and robinhood, they don't ask you to do that, and you become lazy and that will not land you anywhere good. Ultimately you need to grow and learn. moomoo is a perfect place to get started.Show lessgrhehejeerirjrjrirrjrj
Developer Response
Thanks for taking out time to rate us. It really helps us to keep going and delivering the best :)Only a few requests
Overall this is an excellent, feature rich platform to join the likes of other commission free brokerages. The quotes page is laid out beautifully. The analysis is greatly appreciated and provides low level technical pattern recognition. Lastly the order placement system is top notch, allowing really complex orders on a mobile platform is amazing. I have only a handful of recommendations that would make this platform really stand out.
1. Reduce the strength of the ma/ema indicators on the charts. The bold colors often obscure the candlesticks on shorter timeframes. Slightly reducing their alpha would make a huge difference. I often have to toggle the indicator on and off to get a clear picture of price action.
2. Integrating Stocktwits instead of the proprietary moomoo community chat system. It would be nice to have the stocktwits accounts I follow presented in the trading app itself.
Other than that this is my go to brokerage from now on. Excellent work!Show lessKryptoKizik
Developer Response
Update reply: We have reduced the ma/ema indicators' alpha, it will be launched in our January app version. Again, thank you for your great advice! Hi DrkCyd, thank you so much for giving us valuable feedback! We have talked to our product development team regarding the two suggestions you gave us, here is their feedback: 1. Thank you for bringing this to our attention. It is an excellent recommendation! We are working with the design team to work out a better way to solve this problem. Once they have a plan, we will update it here. 2. We are so glad you are checking our community, and we are talking to different influencers and trading communities at the moment to see if they can start to contribute content in our community. We understand your request, but we sincerely appreciate it if you could understand that we want to build a community of our own. It is growing at our own pace, but we will do our best to move fast! Again, thank you so much for giving us valuable feedback. If you have further suggestions for us, please write to us at support@moomoo.com, we will do our best to improve your experience at moomoo.still a lot to work on
My job is focus on trading Hongkong stocks and some of the US stocks. For the first look at this app, it gives me a feeling that moomoo is pretty professional in this trading app business. You offer almost all kinds of charts and Corp info that a trader needs. But the interface make me sick, especially the font type. Looks like long tail caterpillar to me and compare to tiger or Robinhood, your font type is unfriendly and ugly. Hope to see that you can change another font type that looks more friendly and cooler.Show lesslamkkool
Better Info than Robinhood
Updated review: Thanks for the response. Glad to hear about the upcoming improvements. I will definitely check out the desktop app. If it's like the phone app, I think it'll be first-rate.
First review: I like that you can see the bid and ask in real-time. The charts are much better than Robinhood.
The main reason I have to move on is because of the PDT rule. Usually it's removed if you deposit $25,000. I got my account to 30k in a couple of weeks and emailed support to get it taken off. It's still on and I'm losing profits. Also you can only deposit 5k at a time so I had to do 5 transactions. I also prefer having a desktop version to work with.
I recommend it if you're not an active trader.Show lessSelicaFox
Developer Response
Update Reply: Hi SelicaFox, we're excited to share that our pc&mac version is now available, and we have updated our PDT rules. (more info: https://help.moomoo.com/site?tid=40) Plus, the instant deposit feature is also available in our latest version. Deeply appreciate it if you can take your time and check out our latest app and pc version, and gives us feedback at support@moomoo.com. Thank you so much! Original Reply: Hi SelicaFox, thank you for having taken your time to provide us with your valuable feedback relating to your trading experience with us. we are in the process of reviewing the PDT procedures and modifying the PDT setting, and hopefully, we will support day trading in late October. If you want to have updates regarding our PDT rules, please let us know. We will send you more info once we update our rules. The PC version will be launched in 3 months as well. We can keep you posted regarding our PC version too. Thank you.Good but not that good
Everything about this application is perfect only in regards trading and trading information, it’s exceptional.
What is not good about this application is that if you want to fund money or withdraw money it will take forever. Regarding the free stock it also takes forever, I mean you have to wait for a whole 30 days, and the stock is no more than two dollars worth which is not worth the wait.
That is the downsize of this app. I prefer to use Webull or Robinhood, Because they tend to execute such transactions that I mentioned above in a very prompt manner.Show lessBandar Aboalola
