“Being a real social trading platform in Canada, we cultivate a unique ecosystem helping our users grow… The world is eager to hear the voice of Canadian individual investors, and we look forward to more contributions from Canadian investors in our moo community.”
Following its recent introduction to the Canadian market in August, Moomoo Financial Canada Inc. has announced that effective September 21st, it will enable Canadian investors to trade U.S. stocks on its globally recognized platform, moomoo.
With a mission to make stock trading more accessible, moomoo CA sets the bar with an affordable minimum fee of $1.99 per order. In contrast, data from August 26th suggests that other Canadian brokerages often charge between $4.95 and $9.99 for U.S. stock and ETF trades.
Moreover, moomoo’s favorable currency conversion fee of 0.09% for CAD to USD transactions up to $100,000 stands out, especially when compared to some competitors who may charge as much as 1% or higher.
Pro-level analytical tools, free Level 2 data, and affordable trading in US stocks
Steve Zeng, moomoo’s Head of Global Strategy, said: “As a global investment and trading platform at the forefront of US stock trading, we are thrilled to introduce our new US stock trading feature to Canadian investors. In addition to the pro-level analytical tools, free Level 2 data, and exceptional services offered by moomoo, we are now offering Canadian investors an easy and affordable way to trade US stocks.
“Being a real social trading platform in Canada, we cultivate a unique ecosystem helping our users grow… The world is eager to hear the voice of Canadian individual investors, and we look forward to more contributions from Canadian investors in our moo community.”
Professional traders will appreciate the inclusion of renowned technical tools such as Gann Fans and Fibonacci retracements. Moreover, moomoo’s expansive toolkit, boasting 45 drawing tools and over 100 investment indicators, is freely available to Canadian investors.
Moomoo’s platform also offers real-time, visually rich company insights, helping investors keep pace with market trends. Their array of advanced tools such as Heat Maps, Paper Trading, Stock Screener, and more, ensures that data is updated as frequently as every 0.03 seconds, equipping investors with up-to-the-moment information.
Close on the heels of moomoo CA’s new feature, Moomoo Japan also unveiled their U.S. stock trading function, offering Japanese investors access to a staggering 7,000 tradable U.S. stocks and ETFs, leading the Japanese online brokerage market.
