Australian, Work keeps me busy, and I wish I had more time to trade in the U.S. market. the regular trading hours feel pretty limiting. I recently found out that moomoo supports 24/5 U.S. stock trading, which lets me manage my investments more flexibly. Has anyone here traded U.S. stocks on moomoo? How’s your experience?
Flexible us stock trading hours, tried moomoo?
byu/umwohnendta ininvesting
Posted by umwohnendta
2 Comments
Your situation is a lot more complicated than whether someone has used Moomoo. Most people use accounts which are domiciled in the same country as where they live and pay taxes.
Are you seeking a US domiciled account? There’s not a lot of US brokers that support non-resident aliens under the US tax code.
Moomoo happens to be one of few US brokers that support NRA accounts – but Moomoo also provides brokerage services in Australia. You may want to see if Moomoo’s Australian domiciled services can be used to access US markets.
I haven’t, but one thing I’ll say about extended hours trading (and not even overnight, but a few hours before and after standard market hours) is that it sucks. Low liquidity because market makers mostly don’t participate makes for very high spreads. There’s no way to get around the fact that the best time to trade is when other people are trading, and that’s 09:30-16:00 US Eastern Time.