What do you guys think about Moomoo the new trading platform?
They seem way too good to be true providing a crazy interest rate for 6 months.
I'm wondering to switch over from stake that I have a bit of a holding in US stocks + cash which is floating around doing nothing for the past 2 months, but I'm a bit worried about the platform. What if it goes under.
Anyone else have a bit of money with them and feels secure?
Personally, I think supplying all these trading platforms with the relevant data for the KYC requirements is a bigger risk than the rewards. I made a pile of money out of moomoo for signup bonuses and such ages ago then dumped it, but I'm not sure it was the right decision.
Their willingness to burn through capital makes me think they're not long for this world though.