Trading platform moomoo gives Aussie investors a powerful tool in their hands

The moomoo platform gives Aussie traders access to artificial intelligence-powered research and trading tools at an affordable price.

Artificial intelligence (AI) is expected to be a game changer for the stock market.

Trading platforms which use robo-advisors utilise the power of AI to analyse millions of data points to execute trades at the optimal price.

Using these data points, the technology can forecast different market scenarios at greater accuracy which potentially minimises risks for investors for achieving expected returns.

While humans will always play a key role in stock trading, more and more investors are now turning to AI-powered analysis to get investment ideas and build their portfolios.

And now, Aussie investors can have access to the benefits and power of AI trading by signing up with a platform like moomoo.

The power of moomoo

Moomoo is Australia’s first AI-powered investment platform, and is equipped with real-time data and a suite of powerful analytic tools to help traders make sense of the markets.

Moomoo’s  cutting-edge technology ensures that stock traders are ahead of the game with AI-supplemented information, presented through their intuitive user interface.

Its proprietary algorithm interrogates stocks with similar historical chart patterns to simulate the likely range of price trends for a short period into the future.

Not only that, moomoo’s AI powered monitoring capability constantly monitors the market, sectors, indexes and even those stocks on your watchlist for abnormal activity, and automatically alerts users.

Abnormal trading activity could be triggered by things like distinctive price patterns or a sudden spike in volume or turnover. Knowledge of this information allows traders to identify specific short-term market movements before anyone else. Moomoo’s ‘AI Monitor’ also assesses long/short distribution and price volatility to determine market sentiment.

Pro Trading Tools

If you’re a pro trader, moomoo gives you features that could take your trading to the next level.

With the platform’s ‘Heat Maps’, traders can get an instant sense of the markets with a heat-view on block size, colour and shade.

Heat maps can be plotted by market capitalisation, volume and turnover – and helps keep your finger on the market pulse 24/7.

Moomoo’s ‘Stock Screener’ allows pro traders to unearth stocks that match their investing preferences more accurately and quickly.

The platform cleverly uses 100+ data filter indicators including sectors, industry indicators, financial indicators, technical indicators and market performance – allowing traders to zoom in on particular stocks rapidly because speed is the name of the game when it comes to trading.

Another unique thing about moomoo its ‘Business Data’ feature which shows key data points relevant to that business.

For example for Tesla, the business data shows the total vehicle production and the total number of vehicles delivered each quarter, to help you understand business performance beyond the balance sheet and P&L.

Information like that isn’t normally given on a platter, and traders would normally have to spend a substantial amount of time digging that out.

Why follow traders on social media when you can follow the best investors on the planet?

And last but not least, here’s the real kicker – the moomoo platform allows Aussies to invest like Warren Buffett.

What that means is that moomoo tracks and displays the holdings, weighting, sectors and movements of the biggest institutional investors on the planet such as Berkshire Hathaway.

Specifically, moomoo’s ‘Institutional Tracking’ feature shows the position and investment data for nearly 6,000 asset management companies.

Taking a leaf out of Tencent’s book

The moomoo platform has won several significant awards.

It won the ‘Best Trading Platform’ in the 2022 FinTech Breakthrough Awards.  It also won several awards from Benzinga in 2021 in the Best Trading Technology, Best Investment Research Tech, and Best for Active Investors categories.

That comes as no surprise because moomoo is laser focused on its technology and investor experience.

Of the more than 2,300 staff, 70% are currently devoted to research and development.

The moomoo platform has over 19 million users worldwide, and has obtained more than 50 regulatory licences including Singapore’s MAS, the US SEC and Australia’s ASIC.

The company behind the app is Futu Securities (Australia), a fully licensed Sydney-based, wholly-owned subsidiary of Futu Holdings Limited.

Futu was founded in 2011 by one of Tencent’s founding members, Leaf Li.

Widely regarded as a ‘tech unicorn’ amongst luminaries like Amazon, Apple and Meta, Tencent is the world’s largest video game developer and a multinational technology and entertainment conglomerate.

Leaf, a sophisticated trader and investor himself, found none of the available trading platforms catered for advanced traders like him.

So Futu was born, with the aim of developing a powerful platform built for traders, by traders, on cutting-edge technology.

“The technology heritage and customer focus adopted from Tencent mean faster trades and more powerful features,” Leaf said.

Powerful yet affordable

One of the company’s stated missions is to provide all Australians with an affordable yet powerful investing platform.

There is no minimum amount of trades, and traders can get started with as little as one share.

For Australian listed shares, the commission is a very competitive $8.80 per order or 0.088% per transaction (whichever is larger).

For US shares, it’s US$1.99 per order or US99c per share (whichever is larger).

Leaf believes the moomoo platform and its powerful features are way ahead of the pack.

“The scale and speed of moomoo’s innovation and development is something competitors can only dream of,” he said.

Take charge with Moomoo

Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit, up to $50.

www.moomoo.com/au

This article was developed in collaboration with moomoo, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.