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moomoo Review and Referral Promotion – Compared vs Interactive Brokers, Tiger Brokers and Saxo! (for Singapore Investors)
By Financial Horse  •  July 17, 2021
Most of you would have heard of moomoo (powered by Futu) trading platform. moomoo arrived in Singapore in Feb 2021, and made a big splash by giving all new users a free Apple share. I’ve resisted doing a full review on them because I wanted to give time for the hype to die down, and to see what their longer-term intentions were. Half a year on – how good is moomoo? And with Interactive Brokers just announcing a full waiver of their $10 inactivity fee, how competitive is moomoo? Basics: What is moomoo (Futu) Trading Platform? moomoo is a trading platform offered by Moomoo Inc, a subsidiary of Nasdaq-listed Futu Holdings Limited (FUTU). The parent, Futu, has a market cap of almost $20 billion, so size wise they are significantly larger than Tiger Brokers ($2.9b market cap). In Hong Kong the app is call FUTU Bull (niuniu) which is very...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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