Moomoo and Nasdaq are revolutionizing the online stock trading experience for investors
The new investing app aims to empower investors through innovative features and extended trading hours
In recent years, the Fintech sector has experienced a surge in self-directed investing. Investors are increasingly seeking accessible platforms offering lower fees and enhanced functionalities.
Moomoo is leading the charge in this evolution, by pioneering an investment platform committed to democratizing investment opportunities.
THE LATEST PARTNERSHIP WITH NASDAQ FOCUSES ON INVESTOR EMPOWERMENT THROUGH EDUCATION
Moomoo and Nasdaq, pursuing the same goals of innovating and empowering investors worldwide, partnered to promote advanced order placement technology.
Moomoo is working closely with Nasdaq to provide the best user experience by offering in-depth market data for users globally. Leveraging on this collaboration, moomoo will be launching even more educational content. This content will be provided to help investors at all levels understand how to invest in U.S. stocks using Nasdaq Totalview®.
Starting May 1, 2024, moomoo will offer Canadian users Nasdaq Totalview®, a data product that provides every single quote and order at every price level for Nasdaq-, NYSE-, NYSE American-, and regional-listed securities trading on Nasdaq. This includes 60-level bid and ask quotes with more than 20 times the liquidity of standard Level 2 quotes.
“Such detailed information offers investors a profound understanding of order-bookdepth across various listed securities, with crucial insights into market liquidity and the potential price movement of stocks, ultimately facilitating them in placing better orders,” says Derek Brodie, vice-president of strategy at moomoo Canada.
“Simply put, it gives moomoo users a more refined and detailed look at what’s going on in the markets.”
Moomoo is the first to offer free three-month access to Totalview® service for users to experience.
“Moomoo has revolutionized the financial services industry, and the global rise of trading apps is a testament to the power of technology,” says Brodie.
CANADA NEW GENERATION INVESTORS ON THE RISE
A user-friendly platform, comprehensive tools and resources paired with technological integration are contributing factors to the popularity of online trading nowadays.
“What drives our differentiation from competitors is our commitment to constantly driving innovation, bringing pro-level features and diversified investment choices to meet changing users’ demands,” Brodie shares.
Since its inception in 2018, moomoo’s global user base has exceeded 21 million people across multiple countries, including Singapore, Australia, Japan, Malaysia, USA and now Canada. Moomoo continues to redefine the landscape of investing — in the palm of your hands.
SPENDING SMARTLY IN SELF DIRECTED INVESTMENT
Having a low fee structure is another advantage of moomoo. For example, Canadian investors can trade U.S. stocks with fees up to approximately 90 per cent lower than competitors, as opening an account on moomoo requires $0 capital threshold and $0 account management fees.
“Nobody likes fees. With self-directed moomoo accounts, Canadian investors can trade in U.S. and Canadian markets through one single moomoo account, with trading U.S. stock fees significantly lower than competitors.* This is especially crucial when considering the exchange rates for trading U.S. stocks, making moomoo a clear choice when it comes to trading stocks south of the border.”
Additionally, moomoo’s extended trading hours feature allows users to trade U.S. stocks and ETFS from 4 a.m. to 8 p.m., and trade Canadian stocks and ETFS from 8 a.m. to 5 p.m.
THE BEST U.S. STOCK TRADING PLATFORM FOR CANADA
Boasting more than 38 charting tools, 100-plus indicators and customizable technical analysis features, moomoo equips users with a robust toolkit for informed decision-making. Additionally, its stock screener, equipped with over 100 data filters, enables users to uncover hidden opportunities within the market across various sectors and markets. Moomoo offers users a risk-free environment for stock market trading through paper trading, enabling individuals to practice and refine their strategies with virtual money. With access to $1,000,000 of virtual funds and real-time market data, users can simulate trading conditions accurately and make informed investment decisions.
As the investing landscape evolves, moomoo remains committed to empowering individuals with the knowledge and resources needed to navigate the financial markets confidently. In addition to offering a suite of innovative features, collaboration with Nasdaq marks a significant milestone in moomoo’s journey to redefine investor empowerment.
Visit moomoo.com/ca to discover more and embark on your investing journey today.
*Suppose you trade 100 shares of Apple (Ticker: AAPL) at a market price of $140, all fees calculated including FX fees, transaction fee and account fees, you will be charged 92 per cent lower than selected brokers. Brokerages include only certain brokerages that moomoo compared and their data source is based on published fee schedules on their official websites, as of March 14, 2024. The brokers moomoo refers to may have different rates for different tiers.
Please visit their official websites to see details.