Are you confused about whether to choose Moomoo vs Robinhood as a broker for your investing needs?
In this side-by-side comparison, we analyse Moomoo vs Robinhood 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 Robinhood: In a Nutshell
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.
US beginner investors
Robinhood offers commission-free trading, meaning users can buy and sell stocks, cryptocurrencies, options, and ETFs without paying any fees.
Robinhood offers a user-friendly interface that simplifies the investing process. It provides real-time market data, personalized news feeds, and price alerts to inform users.
It is regulated by the Securities and Exchange Commission (SEC), and it is a member of the Securities Investor Protection Corp. (SIPC). Your assets are protected up to $500,000 (of which up to $250,000 is for cash).
Pros and Cons
Moomoo
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
Robinhood
Pros
- Commission-free trades
- IRAs and 401(k)
- Fractional shares
- IPO Access
- No account minimum
Cons
- No mutual funds or bonds
- Limited customer support
Moomoo vs Robinhood: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested 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)
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.
