12 days of EOFY offers: Start trading with bonus funds from moomoo
Kick off the 24-25 FY with a platform that offers 5 key features that can make your trading easier.
Sponsored by moomoo. Finder Exclusive! Sign up with moomoo before 30 June 2024, deposit at least $1,000 and you'll receive bonus funds you can use for investing straight away. New members only. Terms and conditions apply.
The 12 days of end-of-financial-year offers are here at Finder! Today, we're taking a look at trading platforms. We've got a great offer from moomoo – as well as some tips on features to consider when you're looking for an online trading platform.
Explore all of our EOFY offers today
5 features to look for in a trading platform
Looking to start – or grow – your trading portfolio? Today, we look at some key features to consider in your trading platform.
Hey there!👋 Since we've partnered with moomoo for this article, we'll be using its products as tools for demonstration throughout. However, it's important to note that all investments have risks – you should always consult with a financial professional prior to making any major financial decisions.
1. Extra funds to trade
Some trading platforms will include bonuses when you first join – like extra funds to trade with.
Until 30 June 2024, moomoo is offering new members a bonus $100 to trade when you deposit at least $1,000 and maintain that account balance for 30 days. Additionally, if you deposit $5,000 or more, you'll receive a bonus $200 to trade.*
Leveraging offers like this can give your portfolio a boost when you start trading, or if you're transferring existing assets over to a new platform.
2. 24-hour access to US markets
The Australian share market accounts for 2 percent of the global market, while the US is about 40 percent. It is a critical market for any investor to consider. But it can be tricky to access as it's open 11.30pm to 6am AEST.
So a platform that offers around-the-clock trading in the US market can give you a big advantage.
With moomoo, you can trade and invest in 160 US stocks – such as Nvidia, Microsoft, Apple, Amazon – 24 hours a day, five days a week.
💸EOFY offer! Score extra funds for trading with moomoo💸
Sign up with moomoo before 30 June 2024 and you'll be able to score extra funds for trading:
- Get a bonus $100 to trade (10 x $10 to be used in 10 separate transactions, valid for 3 months) with if you deposit at least $1000 and maintain that account balance for 30 days (maximum $4,999)
- Get a bonus $200 to trade (10 x $20 to be used in 10 separate transactions, valid for 3 months) if you deposit $5,000 or more and maintain that account balance for 30 days.
With an offer like this, you'll be able to start growing your portfolio straight away. T&Cs apply.
3. Competitive brokerage costs
Brokerage costs are part of the price of doing business. But that doesn't mean you need to pay excessive costs.
Look for a trading platform with minimal trading costs, so you can keep more of your profits for yourself.
One example is moomoo, where the brokerage rates are among the most competitive in the local market.
- Australian trades: AU$3 or 0.03% of transaction value (whichever is greater)^
- US trades: US$0.99 per order (Not including pass-through fees and FX costs)^
4. Earn on uninvested cash
If you have unused funds in your trading account, you can still put them to work.
With a moomoo trading account, you'll earn 6.8% p.a. interest on your uninvested cash**. This is thanks to moomoo's 'Cash Plus' feature – you're able to earn this high rate for a period of up to 180 days.
This means that even if you're not actively investing or trading, your money is still able to help you earn additional returns.
5. Bonus free stocks
In addition to other offers, some platforms will also include bonus stocks when you sign up. This can be a great way to experiment with new investment areas, diversify an existing portfolio and present new opportunities.
At the moment, new accounts with moomoo will receive up to 10 bonus stocks, depending on how much you deposit when you first sign up.
