Explain how to use the popular Moomoo (Moomoo) securities app
1. What is moomoo Securities?
moomoo Securities is a subsidiary of "Futu Holdings Limited," a NASDAQ-listed company in the United States. The next-generation financial information app "moomoo," which is globally deployed in Hong Kong, the United States, Singapore, Australia, etc., was developed in Silicon Valley, USA. Currently, it has been downloaded by over 40% of the adult population in Hong Kong and nearly 30% in Singapore. The total number of downloads worldwide has exceeded 21 million.
When expanding "moomoo" in Japan, they entered the Japanese market by acquiring Hibiki Securities, a securities company established in the 9th year of the Taisho era. Subsequently, on October 27, 2022, moomoo app was released in Japan. It has strengths in all aspects such as Japanese stocks, foreign exchange, futures information, and particularly provides real-time quote information for US stocks and institutional trading trends. In September 2023, they started trading US stocks, in January 2024, they started trading in the new NISA accounts, and further in March 2024, they started trading Japanese stocks.
The biggest feature of moomoo Securities is the quality of its information. Even compared to major domestic securities companies, the quality of information that can be obtained only through this app is highly regarded. Typically, with traditional securities companies, you can use internal services after opening an account. In contrast, with the moomoo app, you can first use the free app and access abundant investment information and analysis tools even without a securities account. While it may be challenging for the general public to decipher financial statements, they process information visually to make it easily understandable. The parent company, Futu Group, was launched in Hong Kong by former Tencent executives, and Tencent is a major shareholder. However, moomoo Securities is a registered securities company under the Financial Services Agency.
From now onmoomoo AppI will explain how to use it.
II. How to use the moomoo app
[Real-time Order Analysis (Institutional Investor Trends)]
Usage: Individual stocks > Charts > Order Capital Size Analysis
In trading of stocks and other items, obtaining as much information as possible makes it easier to make investment decisions. It is particularly important to understand how institutional investors moving large amounts of funds are behaving. By using the feature of "Order Capital Size" in addition to just charts, you can easily see whether selling or buying is dominant in the market. In the moomoo app, scrolling down the chart screen allows you to view this "Order Capital Size".
Furthermore, you can see what world-renowned institutional investors such as Warren Buffett and George Soros are buying. When Mr. Buffett purchased shares of a Japanese trading company, it became a hot topic, but in the moomoo app, you could confirm it before it was reported. Especially for novice investors, being able to check which stocks professional investors are buying and selling, and at what timing, is a significant advantage. You can check the movements of institutions that interest you from "Market" -> "American Stocks" -> "Institutional Tracking".
[Short Selling Information]
How to use: Individual stocks -> Chart -> Margin balance
[AI Chart & Stock Price Prediction]
Usage: Market > Japanese Stocks > Chart Prediction
In the moomoo app, there are features called 'Chart Patterns' and 'Chart Prediction' for US and Japanese stocks. First, let's explain the Chart Patterns feature. Currently, there are a total of 20 patterns (10 upward patterns, 10 downward patterns) available.
By selecting a chart pattern of interest from the upward or downward patterns, you can check the list of stocks corresponding to that trend. This feature is called 'Pattern Screener'. This is a function where AI automatically identifies stocks from a large number of stocks that match the chart pattern. By using this feature, users may have more confidence and peace of mind in their stock selection. These features can be accessed by scrolling down under 'Market' > 'US Stocks' or 'Japanese Stocks'.
Next, I will explain the 'Candlestick Forecast' feature.
This feature efficiently identifies stocks with similar patterns, helps predict future trends. You can search for stocks of interest in the search box. The trends of similar stocks to the selected stock are displayed, and pressing the start button shows the chart prediction. Furthermore, you can also view their similarity. The similarity is calculated using big data to identify and analyze chart patterns and trends, and is determined based on specific algorithms. It should be noted that the data described here is based on historical data of the entire market, calculates the similarity of price movements of the target stock and other stocks with similar trends, and calculates the probability distribution of possible price movements. It is a function to be used as a reference for investment purposes.
Three, commission-free trading for Japanese stocks!
moomoo Securities started trading U.S. stocks from September 2023. And, starting March 18, 2024 (Monday), trading services for Japanese stocks have been made available to all users.
Moreover, anyone can use the trading commissions for 0 yen without any conditions. (Furthermore, for NISA accounts, trading commissions for both Japanese and U.S. stocks are also 0 yen)
Currently, in Japan, only moomoo Securities, Rakuten Securities, and SBI Securities offer commission-free trading for Japanese stocks. Not only are the trading fees for Japanese stocks lower compared to these two companies, but the trading fees for U.S. stocks are also cheaper. Additionally, with overwhelming information available in just one app (securities account), moomoo Securities is highly recommended for investors. Although moomoo Securities is a relatively new service in Japan, it has already gained over 21 million users globally and boasts high profitability within the group. This bold fee structure is made possible due to its success in profitability. This also indicates the strong focus of the group on the Japanese market, suggesting that further service expansion can be expected in the future.
[Push Notification]
When there is significant news that moves the entire market, when earnings reports are released, when your favorite stocks make a big move, when professional stock price estimates change, etc., moomoo app has a real-time push notification feature for users. This allows users to quickly respond when stock prices fluctuate significantly. I think such detailed services are not common in other brokerage firms.
In addition, you can set alerts for stocks you own. This allows you to trade at the right timing.
moomoo app supports you. This is a very convenient feature, especially since there are many events for U.S. stocks during the night in Japan time.
[High Dividend Rankings]
With the introduction of the new NISA, interest in high dividend stocks has also increased. High dividend stocks refer to stocks with high dividend yields. The dividend yield is calculated by dividing the annual dividend per share by the current stock price. By holding high dividend stocks, one can expect to receive regular high dividends. Normally, a tax of 20.315% is deducted from the distribution, but in a NISA account, you can receive the distribution tax-free. It is said that it is difficult to determine the right time to sell in stock investments more than the right time to buy. However, with high dividend stocks, it is possible to wait for price appreciation while receiving high dividends. In a NISA account, you can easily view the popular high dividend stocks on the moomoo app ranking. Of course, you can view both Japanese and American stocks, so I think it is a feature that people who like high dividend stocks should definitely use. In the moomoo app, you can view the high dividend stock rankings from the "Japanese Stocks" and "American Stocks" sections.
【Various order methods】
There are various order methods available on the moomoo app. You can select the stock you want to buy or sell, and choose the order method from the order page. In addition to the common 'Limit (specified price)' and 'Market (market price)' order types, there are various conditional order methods available. The 'Stop-limit (limit or market)' order means that when the stock price rises to the specified trigger price, an order is placed at a limit or market price. Also, 'Trigger (limit or market)' means that when the stock price falls to the specified trigger price, an order is placed at a limit or market price. 'Trailing stop (limit or market)' adjusts the trigger price for the stop-limit order in real-time based on the increase or decrease in the stock price. In this way, you can set various order methods according to your investment style.
【Morningstar Evaluation Report *To be released soon】
Morningstar Evaluation Report is a comprehensive evaluation report that Morningstar analysts summarize the value of securities through impartial valuation, economic moat, Morningstar rating, risk rating, and other multi-faceted and comprehensive analyses. Users can analyze based on this information, which assists in their investment decisions. With this report, you can view the opinions of large investors such as overseas investors who account for about 70% of TSE trading and surveys on Japanese stocks from overseas, providing valuable insights. Of course, you can view all these reports for free.
【Thematic investment】
For those who are unsure which stocks to invest in, and want to know the expected growth of different industries in the future, we provide the 'Thematic Investment' feature. It is an ideal feature for exploring themes like the trending 'Rising Interest Rates,' 'Semiconductor-related,' and 'AI (Artificial Intelligence)' that pique your interest. Not only useful for stock selection, but also for learning about global trends in the world, I think it is a recommended feature for a wide range of people, not just investors.
[Shareholder benefits * Coming soon]
Shareholder benefits refer to the system of benefits that companies provide to shareholders who hold a certain number of shares on a designated date. Japanese companies provide their shareholders with their products, services, gift vouchers, etc., one to two times a year, but not all companies offer shareholder benefits. Shareholder benefits are a popular system among individual investors and have become one of the factors in investment decisions. moomoo app also plans to provide shareholder benefit information, and users can expect continued user-centric feature enhancements in the future.
Services:moomoo Securities is currently running a special referral campaign!
The application method is as follows:
Introduced person:
Invite buttonTap and share the link.
If the introduced person opens an account and meets the specified conditions, they can receive a $200 Amazon gift card.
Introduced person
Tap the link sent.
By opening an account at moomoo Securities and meeting the specified conditions, you can receive at least 4 shares of Star Stocks as a gift.
Finally
As the number 1 app for US stocks, moomoo Securities supports investment in US stocks. At moomoo Securities, you can trade US stocks at the industry's lowest trading fees (0.12% of the purchase price including tax). The trading fee for US stocks at other online securities firms is approximately 0.495% of the purchase price including tax. In addition, the number of US stocks handled is also at the industry's highest level. The number of US stocks handled is about 7,000, and among them, the number of stocks that can be traded 24 hours a day (an industry first) is about 6,000. Furthermore, you can access investment information not available at other online securities firms for free. Portfolio of institutional investors such as Buffett and Nomura Asset Management, stock price predictions by AI, visualized trading trends of large investors, and more are available unlimitedly!
