Are you confused about whether to choose OANDA vs Moomoo as a broker for your investing needs?
In this side-by-side comparison, we analyse OANDA vs Moomoo 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!
OANDA vs Moomoo: In a Nutshell
For CFD investors valuing access to MetaTrader 5
OANDA Corporation is a reputable online forex and CFD broker known for its advanced trading technology and robust platform.
OANDA offers a wide range of trading instruments, including major and minor currency pairs, commodities, indices, and precious metals.
The trading platform is designed to cater to both novice and experienced traders, providing a seamless trading experience. OANDA accepts US clients only for forex.
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.
Pros and Cons
OANDA
Pros
- 0% commissions on real US stocks, Forex and CFDs on cryptocurrencies, indices and commodities
- Access to MetaTrader 5
- Good research tools
- Well-designed investment platforms
Cons
- OANDA accepts US clients, but only for forex
- Medium-to-high CFD fees
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
OANDA vs Moomoo: 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.
