Is Moomoo a good broker to secure my GME stock?
I found this post in reddit where they have listed some of the best and bad brokers for us to invest GME stocks as some brokers have did something like force stop losses. Anyone have any such experience while trading with Moomoo?
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Sinthetic : I barely ever hear them mentioned. They are one of my 'backups'. I honestly wouldn't feel amazing if all my shares were here.
anhboyngheo : Moomoo intermediary is interactive Brokers.
71262950 anhboyngheo: this is not true. they are owned by futu and futu has its own internal Clearinghouse.
71262950 N T X N: There are other posts that list futu as fine to use which is who owns moomoo, you right now have an account with futu not moomoo, it's just one of their trading platforms. Given that futu is a newer player in arena I imagine they see an opportunity to increase their businesses foot print and aren't going to screw over anyone. Just my two cents
71505633 71262950: that might be true for the future, but for now their clearing house is IBKR to my current knowledge, unless if they finally moved out of IBKR in the past month.
I asked customer support about it
71262950 71505633: so the, I forget which one(simple google search will find it) , regulatory agencies website that lists all the broker-dealers and their Clearinghouse house is lying but you random person on the internet are telling the truth? yeah no, ladies and gentlemen a FUD post
anhboyngheo 71262950: It's clearly stated in Moomoo website. Go to Support and Search for “Interactive”
Broker's Name (Name of Financial Brokers): Interactive Brokers LLC
DTC (For US Brokers): DTC 0534
Account Holder Name: Futu Singapore Pte. Ltd.
Brokers Account Number：U6073360