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Moomoo vs Interactive Brokers (IBKR): 2024 Comparison

Franklin Silva| Updated January 23rd, 2024

Are you confused about whether to choose Moomoo vs Interactive Brokers (IBKR) as a broker for your investing needs?

In this side-by-side comparison, we analyse Moomoo vs Interactive Brokers (IBKR) to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.

Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!

Ideal for
US cost-conscious investors

Moomoo is an innovative online brokerage platform designed to meet the needs of beginner and experienced investors alike.

The platform offers commission-free trading on stocks, options, and ETFs, making it an attractive choice for cost-conscious investors.

Moomoo also offers a social trading community where users can share insights, strategies, and learn from each other’s experiences.

Ideal for
Every investor (best overall)

Interactive Brokers is a global online broker and publicly listed company which surpassed major financial crises, showing resilience and a rigorous risk management process.

It offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from 150 markets.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs.

Pros and Cons

Pros

  • 0% commission on stocks, ETFs and options (US investors only)
  • Easy and fast account opening
  • Access to China A-shares
  • Advanced research tools
  • Demo Account (Paper trading)

Cons

  • Limited product portfolio (no European stocks, for example)
  • Limited Account types
  • No fractional shares

Pros

  • Low commissions on US stock trading
  • No monthly inactivity fee
  • The broadest product and markets range in the brokerage industry
  • Demo account
  • Excellent reputation (founded in 1978)
  • Extensive research and Education tools
  • Has a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors, IBKR GlobalTrader.
  • Offers interest on uninvested cash balances

Cons

  • Complicated and lengthy account opening process (but fully online)
  • Steeper learning curve for beginners
  • Website is difficult to navigate
  • Interactive Advisors (Robo-advisor feature) is only available for US customers
Moomoo vs Interactive Brokers (IBKR): 2024 Comparison 3
Moomoo vs Interactive Brokers (IBKR): 2024 Comparison 4
  •  
  • General Information
  • Founded in
  • Demo Account
  • Account Minimum
  • Interest on uninvested cash (annually)
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks
  • EU stocks
  • ETFs
  • Cryptocurrencies
  • Custody Fee
  • Inactivity Fee
  • Withdrawal Fee
  • Connectivity Fee
  • Currency Conversion Fee
  • Security
  • Regulators
  • Investor Compensation Scheme(per person, per institution)
  • MoomooAsset 3
  • General Information
  • Founded in2018
  • Demo Account
  • Account Minimum$0
  • Interest on uninvested cash (annually)USD: 5.1%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks$0
  • EU stocksNot Applicable
  • ETFs$0
  • CryptocurrenciesNot Applicable
  • Custody Fee$0
  • Inactivity Fee$0
  • Withdrawal Fee$0
  • Connectivity Fee$0
  • Currency Conversion Fee$0
  • Security
  • RegulatorsSEC, FINRA, MAS, ASIC
  • Investor Compensation Scheme(per person, per institution)

    It depends on the subsidiary you sign up for. US investors: Up to $500,000 for assets (of which up to $250,000 is for cash).

  • Interactive BrokersAsset 3
  • General Information
  • Founded in1978
  • Demo Account
  • Account Minimum€/$/£0
  • Interest on uninvested cash (annually)EUR: 3.467%; USD: 4.83%; GBP: 4.75% (as of January 2024)
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Stocks, Indices, Metals, and Forex.
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocksTiered plan: $0.0035 per share**Min. $0.35; Max. 1% of trade value.
  • EU stocksTiered plan: 0.05% of trade value**Min. €1.25; Max. €29.
  • ETFsTiered plan: 0.05% of trade value**Min. €1.25; Max. €99.
  • CryptocurrenciesUp to 0.18% of the trade value**Only in the US.
  • Custody Fee€/$/£0
  • Inactivity Fee€/$/£0
  • Withdrawal Fee€/$/£0**One free withdrawal per month
  • Connectivity Fee€/$/£0
  • Currency Conversion Fee0.0020%
  • Security
  • RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.
  • Investor Compensation Scheme(per person, per institution)

    Up to £85,000 for clients under IB U.K. Limited; Up to €20,000 for clients under IB Ireland Limited.

Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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