Can you share your experience with moomoo

Discussion in 'Retail Brokers' started by curiosity, Dec 5, 2024.

  1. mervyn

    mervyn

    they (the chinese) have odd display of studies/indicators on the chart, multiple ma are displayed by default.
     
    #11     Dec 5, 2024
    tony.m likes this.
  2. VicBee

    VicBee

    I've said it on this board several times... I learned trading on Webull. Really user friendly charts (drag/drop most anything), clear and simple.

    But you simply cannot trust your hard earned trading money to an unregulated entity. They may well be squeaky clean in the US, but when I found out its dev team is based in China, I switched to TOS immediately. That was 2019.

    Webull is a great product but not with its back-office in China where anything goes.

    Moo Moo is registered in Singapore, so they're under strict oversight. The issue is, should shit hit the fan, consumers don't have the same protections than in the US. The bad guys go to jail, the government saves face and you are out on your luck.
     
    Last edited: Dec 5, 2024
    #12     Dec 5, 2024
    curiosity and tony.m like this.
  3. Thanks for sharing your opinion. If its registered and regulated in USA - is our money safe and insured ? I understand data might not be as safe but what about our funds/assets?
     
    #13     Dec 5, 2024
  4. mervyn

    mervyn

    #14     Dec 5, 2024
  5. I think they have their own clearing firm - FUTU clearing
     
    #15     Dec 6, 2024
  6. VicBee

    VicBee

    It's one thing to have a brokerage/platform based in countries with strict enforceable rules and large Chinese investors, it's entirely different when the company's back office and devs are in China.

    If you have the choice, would you want your devs based in China or North Korea or Russia? To each their own.
     
    #16     Dec 6, 2024
  7. mervyn

    mervyn

    multicharts is dev with russian programmers, quantower is an ukrianian software shop. at one point or another, tws was with an indian vendor. don’t judge. wall street firms programmers are almost all asians.
     
    #17     Dec 6, 2024