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Why Moomoo (by FUTU) is ideal as an alternative low-cost brokerage
By Dollar Triumph  •  April 13, 2021
Earlier this year during the Gamestop saga, Robinhood and other brokers restricted trading of GME stock and options. That action has resulted in many investors leaving Robinhood and transferring their holdings to other brokerage firms that did not have such restrictions.  The whole fiasco led to a realization among many investors that the need for a secondary trading account is important, not only during situations when you are restricted from purchasing/selling those counters but also during unforeseen downtime of your primary brokerage firm. After all, is it really a free market and is it wise to stick to a broker who would not give you the opportunity to purchase the counter you desire?  Till date, Robinhood and other brokers who restricted trading at the height of the saga are counting the cost of that action and working to repair their image. As readers may know, I am an advocate...
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By Dollar Triumph
DollarTriumph is the brainchild of a mid 20s, Singaporean male who decided that documenting his adulting experience would be a good idea as he embarks on the journey to become financially free before 45 and have the financial freedom to pursue experiences outside of the corporate world.
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