Frequent question: Can Moomoo Trade China Stock?

Moomoo charges no commission for trading US stocks and ETFs, similarly to its closest competitors. You can also trade Hong Kong stocks; the commission is 0.03% of the invested amount or HKD 3, whichever is higher. If you prefer stock trading on margin, you should check moomoo’s margin rates.

Can you trade China A-shares on Moomoo?

As of October 2020, Moomoo’s Hong Kong and China A-shares accounts only offer access to A-shares. B-shares, ETFs, bonds and other securities aren’t available through either account.

Is Moomoo owned by China?

Moomoo Inc., a subsidiary of Futu, is a U.S.-based financial services company headquartered in Palo Alto, California that allows customers to trade US stocks, Chinese stocks, Hong Kong stocks, ETFs, and options. Moomoo, Inc was founded in March 2018. The platform was created specifically for U.S. customers.

What products can you trade on Moomoo?

As moomoo is still quite new, you can only trade the following on moomoo:

  • Singapore Market: Stocks, ETFs and REITs.
  • U.S. Market: Stocks, Exchange Traded Fund (ETFs) ETFs, ADRs and Options.
  • H.K. Market: Stocks, ETFs, REITs, etc.
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Are Chinese citizens allowed to trade stocks?

A-shares are generally only available for trading to mainland Chinese citizens. H-shares of Chinese companies listed on the Hong Kong Stock Exchange are quoted and trade with a face value of Hong Kong dollars. H-shares are open for trading to all investors.

How do I buy Hong Kong stock in Moomoo?

On moomoo app:

  1. Open moomoo app and enter the “Markets” tab on top of page.
  2. Enter the “HK” subtab.
  3. Scroll down the page and find “All HK Stocks”; click on the title.
  4. On the next page, filter all tradable HK stocks by ratios.

Is Moomoo better than Webull?

Though both platforms offer commission-free investments on U.S. assets, Moomoo’s affordable access to Asian market exposure gives it a bit of an edge over Webull. Moomoo also offers slightly more affordable margin trading, assuming that your total debit balance is less than $25,000.

Can Moomoo be trusted?

Trading on moomoo is considered safe because its securities product is regulated by top-tier financial authorities; and because investor protection of up to $500,000 is offered, including a $250,000 limit for cash, under the Securities Investor Protection Corporation’s (SIPC) protection scheme.

Does Moomoo have Cryptocurrency?

Good job moomoo for adding crypto! It is able to monitor various crypto just like we monitor the stocks!

How reliable is Webull?

Webull is regulated by top-tier financial authorities and provides a maximum of $500,000 investor protection, including a $250,000 limit for cash under the Securities Investor Protection Corporation’s (SIPC) protection scheme, which are all great signs for its safety.

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How do I withdraw money from Moomoo Singapore?

If you’re looking to withdraw your funds from your Moomoo trading account, know that Moomoo does not charge withdrawal fees. To start your withdrawal, simply login to your trading app, click on “Brokerage Account”, select which currency account you’re withdrawing from, scroll down, and click on the “Withdraw” option.

How do I redeem Moomoo stock cash?

Go to Me > Coupon in your moomoo app, then look for the stock cash coupon and make sure the status is “In Effect” before you perform transaction. All Stock Cash Coupons will have an expiry of 60 days from day of activation. Use moomoo app instead of desktop to make your purchase.

Does Moomoo give dividend?

Dividends less withholding tax (if applicable; US withholding tax is 30%) will be credited to your respective margin accounts within 1 to 3 working days after the dividend payout date. The dividend payout date can be found in Detailed Quotes > Summary tab.

Can you use Robinhood in China?

You can access your Robinhood account in almost all countries, with the exception of Cuba, Iran, North Korea, Syria, and the Crimea region of Ukraine.

Can Chinese invest outside of China?

For instance, Chinese individuals cannot directly invest in overseas stocks and bonds unless they are through banks or qualified institutional investors. Citizens are also banned from exchanging the yuan to buy property overseas.

How do I trade China shares?

If you want to invest in Chinese stocks, there are three ways to do so:

  1. American Depository Receipts and Chinese A-shares. …
  2. Invest through a market maker or affiliate firm. …
  3. Purchase shares of mutual funds or exchange-traded funds. …
  4. Open a brokerage account. …
  5. Decide what type of security you want to purchase. …
  6. Buy shares.
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