This page is sponsored by Moomoo, a stock trading app featuring real-time financial data and comprehensive news to help you invest confidently.
Located in the Discover tab is the screener tool. This is a search function that helps you find stocks, options or ETFs based on parameters that you set. For example, you can set an industry, a stock market, a company market cap and trading volume. You can even select financial and technical parameters such as revenue and moving averages.
Once you set the parameters, the Moomoo screener will search for instruments that meet your criteria. This is an incredibly useful tool if you have developed a trading strategy and you want to find the right stock or ETF to trade. Moomoo offers more parameters to choose from compared to similar platforms like Webull.
Moomoo’s mobile app as well as its desktop platform let you set up custom alerts. The way this works is you select a stock or an ETF, and you set certain criteria so that the platform notifies you when they’re met. You can set an alert when a stock price is reached, when there’s a huge volume change or when there are news announcements.
This is useful if you want to buy a specific stock at a set price but you don’t have the time to check the price every hour. Once the price is reached, you’ll be notified both on the desktop platform and mobile app no matter where you set the alert from.
Price charts can help you predict — with some degree of accuracy — the price movement of stocks and ETFs. Some charting techniques are simple and don’t require advanced charts. But if you want to do more advanced analysis and use chart patterns and indicators, you’ll need sophisticated technical tools.
Luckily, Moomoo offers a wide selection of technical indicators and drawing tools to help you make the right decisions.
Moomoo offers a total of 62 indicators, from the simple moving average, moving average convergence divergence and Bollinger bands to the more advanced Ichimoku. This should be more than enough for beginners and advanced traders alike who want to do their own technical analysis.
For those who don’t know or don’t want to do the analysis themselves, Moomoo gives an automatic overview of some technical indicators. For example, you can see when some indicators show overbought or oversold levels for a stock. Both typically mean the stock has extended too far and may pull back.
To complement its technical indicators, Moomoo offers 22 drawing tools both on mobile and desktop platforms. Even though you’re unlikely to use all of them, like the Gann angle lines and boxes, you’ll find great value in the ones you would use.
Aside from the standard lines and channels, you get access to:
Level 2 market data is one of the coolest features you get with Moomoo’s mobile and desktop platforms. Level 2 is basically the order book that shows position sizes at various prices, in this case only on the NYSE exchange.
For example, you can see 100 shares at $100, and then 200 shares at $101. This can give you an overview of a potential trend.
It can also help you determine at which price to set your buy or sell orders. The most important part is that you get this feature without additional cost. Other brokers charge between $5 and $29 each month to give you access to level 2 data.
Not really a groundbreaking tool, but multiscreen trading can be incredibly useful for day traders. Moomoo’s multiscreen lets you use up to six charts simultaneously. But even two would work. For example, use one screen to monitor one time frame — say a four-hour chart — and use another to monitor the daily chart.
The way this works is you determine the trend on the daily chart and decide your entry/exit point on the hourly chart. You can also use multiple instruments on each screen.
Moomoo’s desktop platform lets you use a variety of hotkeys. This is useful for day traders who want to execute orders as fast as possible. To set the hotkeys, you need to access the main system settings. There you can add hotkeys for buy orders, sell orders, edit and cancel orders.
Instead of wasting precious seconds to set up an order, you can execute it with a simple command, such as Ctrl + B to buy and Ctrl + S to sell. But this is highly customizable and you can add your own hotkeys.
Moomoo allows you to export your trades in a .csv format. This can help you analyze your past trades and see what worked and what didn’t. Tracking your past trades is an excellent way to learn and improve your performance.
Choose your next trade with an AI market monitoring tool. This tool tracks multiple stocks and compares each individual stock’s volume and price. If the AI notices abnormal changes, it’ll mark them on your trading platform.
You’ll see info such as Main Buy or Main Sell, which shows that the volume on buy and sell orders was higher than in the previous trading days. This can be a useful tool for day traders because you can quickly identify trend shifts and use the momentum to your advantage.
We compared Moomoo with Robinhood and Webull to see which platform offers more and better tools for active traders. Here’s what we found.
| Moomoo | Robinhood | Webull | |
|---|---|---|---|
| Technical indicators | 62 | 5 | 40 |
| Customized alerts | |||
| Advanced charts | |||
| Free Level 2 market data | NYSE Arcabook | Nasdaq | |
| Multi-screen trading | |||
| Trading hotkeys | |||
| Trading records export | |||
| AI monitors |
Signing up for a Moomoo account is simple. Here’s how to do it:
Active and day traders who want access to sophisticated and unique tools may find Moomoo is more than enough for their needs. Moomoo also offers access to both US and Chinese markets and commission-free trades for US stocks and ETFs, which only sweetens the deal. Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money. Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
Check out our picks for the brokers with the best cash sweep rates on uninvested cash.
Explore the best bonuses for opening a new brokerage account.
These are the best trading platforms for beginners, according to Finder’s comprehensive analysis.
Compare pros, cons, research tools and reviews for these two trading platforms.
Check out our picks of the best trading apps for beginners, options traders, hands-off investors and more.
See our picks of the best brokerage accounts, including Fidelity, SoFi, Charles Schwab, Public, Robinhood and E*TRADE .
SoFi Invest is a commission-free platform with both active and automated investment accounts.
Maximize $10,000 with broker bonuses, IRA contribution matches, index funds, stocks, ladder CDs, hiring a financial advisor and more.
Top ways to invest $20K include stocks, retirement accounts, conservative investments, ETFs and more. See our full list here.
A deep dive into the highlights and limitations of Robinhood.