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Moomoo Review: 18 Months On
Eighteen months ago, I started trading on Syfe and Moomoo. After three months, I was convinced that Moomoo was the better platform and I now trade almost exclusively on Moomoo. I trade almost exclusively as the cost to transfer shares is not cheap. And, as I am underwater on ZIM and ENB, I am leaving them with Syfe until I break even.
Today, 18 months on, I am even more convinced that Moomoo is the better platform. In January 2024, I signed up for Moomoo’s US Stock Yield Program and I am earning extra returns on my shares. As I am a dividend investor, I treasure every extra dollar as it helps me build my dividend snowball faster.
US Stock Yield Program
Moomoo’s Stock Yield Enhancement Program allows the company to borrow my eligible assets (US common stocks listed on the exchanges and US ETF) and lend them to counterparties who wish to engage in short selling and are willing to pay interest on the borrowed eligible assets. The interest earned on these “loans” is then credited to my account every day…
