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!
Moomoo vs Interactive Brokers
- Moomoo is best for US cost-conscious investors
- Interactive Brokers is best for investors overall
Side-by-side comparison
| Category | Moomoo | Interactive Brokers |
| Demo account | Yes | No |
| Account minimum | $0 | €/$/£0 |
| Interest on uninvested cash (annually) | USD: 5.10%; | EUR: 3.195%; USD: 4.83%; GBP: 4.707% |
| US stocks fees | $0 | Tiered plan: Up to $0.0035 per shareMin. $0.35; Max. 1% of trade value. |
| EU stock fees | Not applicable | Tiered plan: 0.05% of trade valueMin. €1.25; Max. €29. |
| ETFs | $0 | Tiered plan: 0.05% of trade valueMin. €1.25; Max. €29. |
| Currency conversion fee | 0% | Up to 0.002% |
| Regulators | SEC, FINRA, MAS, ASIC | FINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB. |
About Moomoo
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.
Moomoo 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
About Interactive Brokers
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.
Interactive Brokers pros and cons
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: our veredict
Choosing between these two online brokers isn’t always an obvious decision. The differences between Moomoo vs Interactive Brokers come from the trading platforms, products, fees, and security. Do you prefer a primary trading platform? Do you want to invest in ETFs only? Do you value security more?
Ultimately, the best online broker for you will depend on your profile, personal preferences, and objectives. Explore the websites above and decide for yourself!
Want to know more about Moomoo vs Interactive Brokers? Explore our in-depth broker reviews, comparison table, and BrokerMatch tool.
