How To Make Money With Moomoo For Beginners!

Mumu Investing Platform: Maximizing Profits and Features

Key Concepts:

• Investing platform
• Diversification
• Brokerage fees
• Level 2 market data
• PIP spread
• Watchlist
• Fractional shares
• Market buy order
• Post-market trading
• Regulation and security
• Customer support

Account Setup and Sign-up Bonus

• Download the Mumu app from the App Store or Google Play.
• Create an account by providing basic information (name, email, etc.) and uploading proof of identity (driver's license).
• Use the affiliate link in the description to get a sign-up bonus of up to 12 stocks and a 30-day zero brokerage card.

Fees and Pricing Structure

• Subscription Fee: $0
• Inactivity Fee: $0
• Level 2 US Live Pricing: $0
• US Stocks/ETFs: $0.99 per trade + SEC fee and settlement fees when selling.
• Free Level 2 US Market Data: Access to 60 levels of market depth.
• Aussie Stocks: $4.99 AUD per trade or 0.05% of the transaction value (whichever is greater).
• Hong Kong Shares: Minimum of 3 HKD per trade or 0.03% of the transaction value (whichever is higher) + 15 HKD platform fee per trade + stamp duty.

Currency Conversion (PIP Spread)

• PIP (Percentage in Point): The smallest price movement in the forex market (0.0001).
• NZD to USD: Zero PIP spread (no extra fee).
• USD to NZD: 15 PIPs spread (small fee built into the exchange rate). Example: Converting 100 USD to NZD incurs an extra 15 cents NZD.
• NZD to AUD/HKD: Small spread.

Funding and FX Fees

• Depositing/Withdrawing in NZD: No fees.
• Currency Conversion: NZD to USD is spread-free, but NZD to AUD or NZD to HKD incurs a small spread.

Mumu Platform Features

• Watchlist: Track stocks of interest, organized by country (e.g., Aussie stocks like BHP, US stocks like Nvidia or Apple). Displays current price and price changes.
• Markets Tab: Snapshot of the broader market, including American indices (S&P 500, NASDAQ), futures, commodities, forex, bonds, and crypto.
• News Tab: Personalized stock market news, filtered for stocks on your watchlist.
• Discover Tab: Practice trading with paper money and access guides for learning the basics of investing.
• Trading: Search for a stock (e.g., Apple) to view stock charts, financial details, and news.
• Fractional Shares: Invest a specific dollar amount (e.g., $20 in Apple) instead of buying a whole share.
• Market Buy Order: Buying shares at the current market price.
• Welcome Rewards: New Zealand users can get up to 12 stocks and a 30-day zero brokerage card (check the link in the description for terms and conditions).

Trading Hours

• US Stock Market (NYSE/NASDAQ): 9:30 a.m. to 4:00 p.m. Eastern Time on weekdays.
  • NZST (Winter): 1:30 a.m. to 8:00 a.m.
  • NZDT (Summer): 2:30 a.m. to 9:00 a.m.
• Post-Market and Overnight Trading: Supported for increased flexibility.

Security and Regulation

• International Order Execution: Mumu uses Futu Clearing Incorporated (a US broker-dealer and clearing firm regulated by the SEC and FINRA) as a custodian to handle international orders. Futu Clearing Inc. is a fully owned subsidiary of Futu Holdings (NASDAQ: FUTU).
• Regulation in New Zealand: Mumu Securities Australia Limited is registered on the Financial Service Providers Register (FSPR) with NZBN 94295242296.
• Ownership: Futu Holdings Limited (NASDAQ: FUTU), a Hong Kong-based fintech company, owns Mumu. As of March 2025, Futu Holdings has a market capitalization of approximately 25.95 billion NZD. Founded in 2012 by Leaf Hua Lee, Futu has over 24 million users worldwide.

Customer Support

• Toll-Free Number (New Zealand): 0800866800
• International Line: +649872600
• Availability: 24/7 on trading days.

Withdrawing Funds

• Sell shares and wait one to two business days for the request to process.
• Enter a nominated bank account on your Mumu profile.
• Withdraw the funds into your bank account.

Conclusion

Mumu offers a comprehensive investing platform with access to global markets, detailed insights, and various tools. Key advantages include zero subscription fees, low trading costs, and access to Level 2 market data. Users should be aware of currency conversion spreads and other pass-through fees. The platform is regulated and offers 24/7 customer support on trading days. New users can take advantage of welcome rewards, but should always review the terms and conditions. The video recommends watching another video to avoid common investing mistakes.