New FAVOURITE Investing Platform in Canada? - Moomoo Review

Do I Have a New FAVOURITE Investing Platform in Canada? 🇨🇦

Maybe... it's definitely getting there, especially when it comes to US Investing, which is a big deal for me! 🇺🇸

I’ll break down all of the impressive and FREE research tools that Moomoo offers, especially for Dividend and ETF investors like me! I’ll also break down their fees: both commission fees and conversion fees for US investing and how they will save me THOUSANDS compared to other brokerages! 😊

This video is sponsored by Moomoo Canada but all of the views and opinions are my own. Read the disclaimer below.

MOOMOO REFERRAL 🇨🇦
Sign up with my custom referral link to get up to a $200 bonus, $2000 in commission rebates and 6% interest! 👇

👆 This bonus COMBINES with the TRANSFER bonus when moving money from your bank or brokerage 😊

Note: Earn 6% p.a. cash rebate on idle cash and up to $2300 in transfer rewards

Disclaimer:
Investment information provided in this content is strictly for illustrative purposes, and may not be appropriate for all investors. it is provided without respect to individual investors' financial situation. You should consider the appropriateness for this information having regard to your relevant personal circumstances before making any investment decision. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In Canada, investment products and services available through the Moomoo app are offered by Moomoo Financial Canada Inc. a broker-dealer member of CIRO and CIPF. T&Cs apply

SKIP AHEAD ⏩
-Moomoo: 0:00
-Sponsorship: 0:52
-Overview: 1:15
-Insured & Regulated - CIPF: 1:42
-Fees: 2:07
-Commission Fees: 2:33
-Conversion Fees: 3:43
-Conversion Fees - Moomoo: 4:09
-Wealthsimple vs Moomoo: 4:21
-My US Portfolio & My Savings: 5:39
-Signup Bonus - Referral: 7:23
-Open CASH Account: 8:28
-Transfer Bonus - Extra: 8:51
-App Walkthrough - Watchlist: 9:22
-App - Global Markets: 10:03
-Desktop Version: 10:48
-App - Account Summary: 11:09
-Research Tools - STOCKS: 11:56
-Research Tools - DIVIDENDS: 14:51
-Research Tools - ETFs: 16:10
-Buying Stocks - Fees: 18:40
-Transactions & Rebates: 19:28
-Limitations: 20:36
-Summary: 21:32

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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!

DISCLAIMER: Links included in this description may contain affiliate links.
I will only ever suggest services or products that I use myself and I personally believe in.
If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you!
Thank you for supporting The Canadian in a T-Shirt! =)

#Moomoo #CanadianInvesting #CanadianFinance #CanadianBrokerage #USInvesting #Wealthsimple #StockPicks

[CanadianTShirt]

Going forward, I will be using Moomoo to invest in my non-registered account to save on fees!
👇Use my referral link below for that $200 bonus plus rebates & 6% savings rate 👇

[Dilpreetkambo]

Make a video wealthsimple vs moomo vs questrade vs ibkr vs national bank direct brokerage❤️

[elanap.]

Here's an update while in the process of opening an account... The way you get cash reward is after maintaining the balance in the account for 90 days, then 4 cash coupons of $50 become available in your rewards. Very confusing! 0:00 0:00

[sparky]

While I'm happy there's more competition entering the Canadian market, I would never put my money into a brokerage with ties to China.

[kingsleychan]

Wondering on moomoo
1) can I do Norbert Gambit without needing to call in to journal the trade?
2) do you get an apy % on cash balance held in the account?
3) can I trade pre market open hours and after hours?

[johnbeaule]

Why pay fees? When you can go with National Bank Brokerage. No fees to buy ETFs or stocks and it's a Canadian company. For US exchange use DLR. You must have a good bonus for the referral?

[dchurch]

A number of the app reviews seem to state that it takes a little more effort to get your money from them. Sometimes requires a live call. I’ll wait awhile before considering

[tubetop]

Hows it compared to Questrade? (I am lazy)

Does it have trailing stops, etc.... how about trading options? Multileg, conditional orders, etc?

[stuartlawrence]

Started following your great videos recently, going back to 4 years ago, particularly TFSA DRIP - so very well explained, its much appreciated. Now thats a sign up bonus. Research tools look outstanding. I dont know if I missed but if looking to convert to USD were the exchange rates the same for CAD to USD and vice versa between Moomoo and your comparable WealthSimple (and what about your favorite Questrade)? - often any institution charging less up front costs for conversion hides it in a worse exchange rate

[cyriacgeorge]

Currently available to residents of Ontario, Quebec, Nova Scotia, New Brunswick, Manitoba, British Columbia, Prince Edward Island, Saskatchewan, Alberta, Newfoundland and Labrador.
People living in Territories cannot open the account. I live in the north and I was not able to open the account.

[taskeeni]

These types of videos actually help so much. Thank you for making this type of content! Such a niche because not many on YouTube are doing it for Canadians

[nikm]

Ah man I was waiting for the IBKR review! New investor and based on what I’ve read it’s also great for US investing. Quick question, would you consider it wise to open a TFSA and RRSP with IBKR as a Canadian.. this was my plan.

[rezefaction]

Just wanted to clarify something about your calculation of exchange fees for Wealthsimple. I might be wrong, but from what I heard if you have more than 100K CAD in Wealthsimple USD account is free and exchange fees to USD are waived. So, your calculation of selling your USD positions worth of 161K CAD probably should’ve been free of charge. But overall, great video! More players in Canadian market are definitely welcome!

[ntchi]

Well I think a Moomoo vs Questrade would be great, since you used to prefer Questrade.
So far the only downside I see is fractional share missing. Probably why they have cheaper fees. Fractional shares has lots of logistics fees on their side.

[davemacdonald]

What about Option fees? I recently switched to Interactive Brokers that have similar low fees. I'm interested in selling credit spreads. Wealth Simple are know for higher fees and Questrade have higher costs and limitations with option trading sych automate closing positions which is a deal breaker. You just miss optimal closing which can be a massive ongoing cost.

[CanuckMalayali]

Transfer bonus is provided on top of the sign up bonus?

[caper]

20:11 what was that stock buy execution -111 dollars?

[almasabdrazak]

Don't bother, ibkr is still superior

[brooklin-sz]

My questions is not just related to this video, but all online brokerages you look at (WS, QT and now moomoo). Is it not cheaper to use brick and mortar banks for trading? Not sure if I am missing something but TD charges a $10 flat rate per trade on Canadian and US stocks, so as long as you are making larger purchases, TD would be cheaper, no?

[swarandeepsingh]

Please make a video… Questrade VS MooMoo