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I tried moomoo too. I did it to see if I should leave robinhood. At first I signed in many times to look at the stocks because they were really informative. The part that made me quit moomoo too is the advertisement before I can see my stocks, as well as the manual punch in for trading. Lastly, they didn’t have simple covered call options.
Resources are the heart and soul of Moomoo.io. By gathering resources, you are able to build structures, eat food to heal your hitpoints, and fire projectiles from your bow. Upon death, you will lose all of your resources and gold. There is no known limit to the amount of resources you can require. There are four types of resources in the game:
Experience with Moomoo. TL;DR: Overall, not bad, would recommend, but just be aware of a couple things. Free stocks can be worth <$2, but only require maintaining a $100.01 balance for 60 days. 5.1% APY is added daily, but the 3% boost is applied at the end of the month. I must say they have great support.
Moomoo is a wholly owned company of Futu Holdings which is a HK company and trades in the US on the Nasdaq. So - it's a legit company. Moomoo provides brokerage services in many countries - so it also depends on what country you are in. In the US, Moomoo is a separate US entity with offices in California.
Moomoo offers a 5.1% APY with the first 3 months being 8% APY on uninvested cash. I have 20,000$ in savings (not emergency savings) right now inside Sofi resulting in an extra 920$ a year (76$/mo). Moomoo has a cap of 8% APY on up to 20,000$ translating to [3 x (.08x20000) / 12] + [9 x (.051x2000) / 12] = (400 + 765) = 1165$ = max gains in 1 ...
Variously called: the "free enterprise system," "capitalism," and the "profit system." The American political system of democracy under the rule of law is also under attack, often by the same individuals and organizations who seek to undermine the enterprise system. 2 . Richmond News Leader, June 8, 1970. Column of William F. Buckley, Jr. 3 .
MooMoo trading platform evaluation. It was revealed in his audit that Caleb put $5K into the Moomoo brokerage. So did I, because they were offering around $400 of rewards for maintaining a $5K balance for two months. This is a great return, so I went in. I figured I would put $4K into USFR and just wheel KEY with the rest for fun.
Noticed that Moomoo is coming to Canada in the fall. More brokerage competition is always good, but not sure how much I would trust them. No details yet on account types. Guessing they will cater to the Asian population with a lot of their marketing focused around CN/HK stocks. Would be great to get another no commission brokerage in Canada ...
Moomoo is a wholly owned company of Futu Holdings which is a Hong Kong company. The company also is publicly traded in the US on the Nasdaq under ticker FUTU. When a broker offers services in a country - they are separate legal and business entities and bound by the laws in that country including laws on cross-border data transfer.
During the 20 days, let’s say Fullerton SGD Cash/Liquidity pays out 3.7% p.a. as usual. After the 20 days is over, plus another ~7 days processing time, Moomoo will send you a cash coupon to top up the interest to 6.8% for those 20 days. If you had $10k in there, this cash reward will be approximately. (6.8 - 3.7)/100 x 20/365 days x 10k = $17.