Super-app of investing world: moomoo

Updated: Jul 3


In the current day and age, we are all very used to the use of super-apps in our lives. Be it ordering delivery, making grocery purchases or hailing a ride etc, there seems to be always a super-app that aims to unifies all of these together in a single platform to save us the hassle from having the need to use different platforms to achieve all of these. In short, such super-apps aim to provide us with the utmost convenience in our daily life.


If you are wondering what the super-app for the investing world is like, this is what today's post is all about.


Enter the super-app of the investing world: moomoo, your one-stop investment platform by FUTU.


For the uninitiated, the moomoo app is a trading platform offered by moomoo Inc., a subsidiary of Futu Holdings Limited. In Singapore, investment products available through the moomoo app are offered by to Futu Singapore Pte. Ltd. ("Futu SG"), a wholly-owned subsidiary of Futu Holdings Limited.


Less than 3 months since its launch in Singapore, it has already achieved over 220,000 users and 100,000 paying clients which is pretty impressive!


I have personally used this platform, and have been absolutely blown away by the breadth and scope of things covered by this platform.


  1. A platform for you to do any form of trading (limit order, market order, conditional orders etc)- checked

  2. A platform of much lower trading fees* than traditional brokerages- checked

  3. A platform for you to have access to all kinds of technical and fundamental information of a particular stock- checked

  4. A platform for you to consolidate all the news about stocks on your watchlist- checked

  5. A platform for users to interact and exchange views on stocks- checked

  6. A platform for you to do self directed learning by getting online courses- checked


*Commission fees:

US stocks: US$0.0049 per share, min US$0.99 per order

HK stocks: 0.03% of the investment amount or HK$3, whichever is higher

SG stocks: 0.03% of the transaction amount, min S$0.99


Platform fees:

US stocks: US$0.005 per share, min US$1 per order

HK stocks: HK$15 per order

SG stocks: 0.03% of the transaction amount, min S$1.50


Futu is an technologically advanced company transforming the investing experience of our users by offering a fully digitized platform. As Futu invest heavily into this technology, a minimal platform fee is charged on its users. This enables Futu to continuously improve its platform services provided to its users. The platform fee that Futu charges is at a very low rate as compared to others, so as to allow our users to enjoy better and always improving services on the platform.


In this post, I'm going to show you exactly why it's definitely worth your time to give this platform a try.


Now, let's get the first and most important thing out of the way- how safe are your funds on this platform? Futu Singapore Pte Ltd is a capital market services license holder regulated by the Monetary Authority of Singapore (License No: CMS101000). The US securities in your account are also protected up to $500,000 by Securities Investor Protection Corporation (SIPC). That should already give you the confidence you need to be using this platform.


Next, if you are wondering how easy it is for you to be setting up your FUTU SG Securities account in the moomoo app. I can honestly say that it's almost like a breeze. From the moment I decided to set up my FUTU SG Securities account in moomoo app to it being approved, it took less than 15 minutes. And that's not all. Verifying your bank account (DBS/POSB) in moomoo app is almost immediate. Depositing your funds from your DBS/POSB account via DDA (Direct Debit Authentication) into your FUTU SG Securities account took less than 5 minutes for me. Within an hour, I'm already beginning to execute my first trade on moomoo app! If you are wondering how long it takes to withdraw your funds from moomoo app, it took less than 2 hours for me. You no longer have to deal with the lengthy deposit/withdrawal processes like what you usually experience with most other platforms. moomoo powered by FUTU makes it really easy for you.


Since there are enough bloggers already covering the process of setting up an account in moomoo app, I'm not going to cover that in detail. Instead, I'm going to focus on what are the features in moomoo app which absolutely kills it for me.


In-depth information on any US, HK and SG stock


(For illustration purposes only)

Here're some examples of the kind of information you can get in moomoo platform

  • Graphs showing various important technical indicators (Bollinger bands, MACD, EMA etc)

  • Visuals showing you the capital inflow/outflow

  • Summarised information on the technical trends (eg. death cross in effect) and analysis of the short-term trend

  • Public Sentiment Index based on the news of the company (you might like to check out my post on sentiment analysis here)

  • Stocks comparison in key metrics

Having used so many different kinds of platforms myself, I can safely say that a lot of this information is usually only available in paid subscriptions. Such in-depth information about a particular stock is rarely free, much less available on any trading platform so this certainly gives me a big WOW effect as moomoo powered by FUTU offers all of this information free to the users.


Ability to execute trades of different types


(For illustration purposes only)

There's a whole variety of trades you can execute on their platform (eg. limit, market, conditional orders such as limit if touch, market if touched etc). All in all, you have 8 to choose from and I seldom see any platforms with a more comprehensive list than that.


An active community


(For illustration purposes only)

It's all about community building nowadays. A community of members bought together is often stronger than you think (think wallstreetbets). moomoo app allows a community of people to come together and share posts on their analysis, views or investing strategies. The community is free to comment, share and like the posts just like what you see on any social media.


I personally think that collective intelligence is important in the area of investing. What's more, it's always good to have people around to validate your thinking and that's where the community helps greatly. It has been long enough before a trading platform incorporates a community into its platform and I'm honestly glad to see that on the moomoo platform.


Investing strategies for beginners


(For illustration purposes only)

If you are a beginner and wondering what are some of the strategies you can use/adopt, there are sufficient examples (such as rising flag, golden crossing etc) in this platform which you can adapt and use. Clicking on any of these strategies brings you to a page which provides you with the information on the performance of the strategy and also the related stocks in this strategy. This makes things easy and comprehensive for any trading beginners.


Courses to upgrade yourself (yes, you didn't see it wrongly)


(For illustration purposes only)

I know it's starting to get really ridiculous the sheer amount of things you can get from moomoo platform.


But yes, you can even attend courses in the moomoo app! If you are interested to know about certain topics like crypto basics, you can even get a course on it through moomoo app! A trading platform which also functions like an education platform- just think about it. And of course, this is also free!


Ending thoughts

I will be really surprised if you are still not wowed by what moomoo powered by FUTU has to offer by now. This is easily an all-in-one platform which provides everything you need in the investing world and offers a very much fuss-free way for you to invest/trade, and I really struggle to think of another platform which is anywhere near to this.


To further sweeten the deal, moomoo powered by FUTU is offering 1 free APPL share if you successfully open a FUTU SG Securities account with them by 2nd August 2021, with a deposit of SGD 2,700 or USD 2,000 or HKD 16,000 within 30 days from account opening. If you successfully complete 5 trades or achieve a Level 1 trading badge, you also get 1 free NIO share. Not only that, you will also be getting 180 days of commission-free trades during this promotional period.


If you like to diversify your stock portfolio, you will probably also like to diversify your investments among a few brokerages and I will say that given all of the perks and benefits that moomoo powered by FUTU has to offer, why not consider them? After all, you can withdraw your money anytime without any barriers. From the way I see it, there's all to gain but nothing to lose.


Who knows? You might join because of the promotions, but stay because of the ecosystem that the platform brings to you.


Like what people always say, you miss 100% of the shots you don't take.


To sign up for a FUTU SG Securities account, please use this link.


If you have any question, you can call Futu SG at +65-64391100 or email them at clientservice@futusg.com


Disclaimer: This post is written in collaboration with Futu Singapore Pte Ltd but the opinions (and money deposited) are entirely mine.


Terms and conditions apply


https://support.futusg.com/en-us/topic128

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