Skip to main content

Public.com vs Moomoo: 2023 Comparison

Franklin Carneiro da Silva| Updated: August 31, 2023

Are you confused about whether to choose Public.com vs Moomoo as a broker for your investing needs?

In this side-by-side comparison, we analyse Public.com 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!

Ideal for
commission-free investing (US investors only)

Public.com is a revolutionary investing app that aims to democratize the stock market. It offers users the opportunity to invest in fractional shares of publicly traded companies, making it accessible to individuals with limited capital.

With a focus on community and transparency, Public.com provides a social investing experience where users can discuss and share their investment ideas openly.

Moreover, the platform encourages responsible investing by providing educational resources and tools to help users understand the risks associated with investing.

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.

Pros and Cons

Pros

  • Stock and ETF trades are commission-free
  • Offers crypto and alternative assets (fine art, collectibles, etc)
  • Investment community (social feed)
  • Supports fractional shares
  • High fees transparency
  • No minimum deposit

Cons

  • Low product offering (no options, mutual funds, precious metals, or bonds)
  • Doesn't offer IRAs
  • Limited investment research

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
Public.com vs Moomoo: 2023 Comparison 3
Public.com vs Moomoo: 2023 Comparison 4
  •  
  • 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)
  • Public.comAsset 3
  • General Information
  • Founded in2017
  • Demo Account
  • Account Minimum$0
  • Interest on unninvested cash (annually)USD: 5.40%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks$0
  • EU stocksNot Applicable
  • ETFs$0
  • Cryptocurrencies$0**Public.com crypto intermediary, Bakkt Crypto, charges a fee starting from $0.49
  • Custody Fee$0
  • Inactivity FeeUp to $5 every 6 months for accounts with less than $20 & no activity for the last 90+ days.
  • Withdrawal Fee$0**ACH withdrawals
  • Connectivity Fee$0
  • Currency Conversion Fee0.75%**For non-USD currency into USD
  • Security
  • RegulatorsSEC and FINRA
  • Investor Compensation Scheme(per person, per institution)

    Up to $500,000 for assets (of which up to $250,000 is for cash).

  • MoomooAsset 3
  • General Information
  • Founded in2018
  • Demo Account
  • Account Minimum$0
  • Interest on unninvested cash (annually)0%
  • 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).

Franklin Carneiro da 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.

linkedin
youtube