Moomoo vs M1 Finance
Moomoo is a low-cost way to trade US, HK, and Chinese assets with advanced research tools. How does it compare to M1 Finance? Read our comparison chart below.
Moomoo lets you invest in US-listed stocks, options, and ETFs with $0 commission. Its award-winning investment app has no platform fees, inactivity fees, or minimum investment requirements. It provides access to Hong Kong and Chinese investments and has extended trading hours.
While M1 Finance offers automated investing with no commissions or trading fees. M1 lets you select your own investments and their automation will manage it for you. This is great for investors who want a say. The downside is that there are no human advisors. The minimum to start is just $100.
Compare Moomoo with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Visit Site | Learn More | |
Moomoo | M1 Finance | |
|---|---|---|
Get $30 Bonus with Wire Deposits - | Commission Free Stock Trading - | |
Benefits and Features | ||
| Stock Trading | $0 commission on US stocks and ETFs | |
| Options Trading | $0 for US Options; $0.50 per contract for Index Options | |
| Annual Fee | A $3 monthly platform fee will apply to clients with less than $10,000 in M1 assets or without an active M1 Personal Loan. | |
| Cryptocurrency Trading | ||
| Minimum Deposit | $100 ($500 for IRAs, $5,000 for Trust Account) | |
| Mutual Fund Trading | ||
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | +1 888 721 0610 (Trading days: 8:30 - 16:30 ET) | Monday - Friday 9:30 am to 4 pm EST |
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| Assets Under Management | Total client assets of HK$468.1 billion as 09/30/2023 | |
| Penny Stocks | ||
| Tax Loss Harvesting | No, but offers tax minimization features | |
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | Traders looking for access to Hong Kong and Chinese assets | DIY investing with passive portfolio management |
| Inactivity Fee | $50 (for accounts with $50 or less and no trading or deposit activity for 90+ days) | |
| Maintenance Fee | $3 monthly platform fee for accounts with less than $10,000 in M1 assets, or without an active M1 Personal Loan | |
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | ||
| Mobile App |  | |
| Desktop App | ||
| Two-Factor Authentication | ||
| Forex Trading | ||
| Futures Trading | ||
| Bond Trading | ||
| CFD Trading | ||
| Currency Trading | ||
| Customer Service | Live Chat (24 hours); Phone: +1-888-721-0610 (Trading day: 08:30AM - 04:30PM EST); Email: cs@us.moomoo.com | |
| Locations | ||
| Online Community | ||
| Seminars | ||
| Trading Platform | ||
| Virtual Trading | Yes. Virtual account for each market with 1 million (USD/HKD/CNY/SGD/CAD) in each account | |
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
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| Stock Trading |  | |
| Options Trading | | |
| Minimum Deposit | | |
| Mobile App |  | |
| Commissions and Fees | | |
| Customer Service |  | |
| Ease of Use | | |
| Research | | |
| Annual Fee | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Low-cost way to trade US, HK, and Chinese assets with advanced research tools... | Commission-free investing app that allows you to choose your own investments... |
| Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Moomoo: Pricing information from published website as of 05/03/2024. M1 Finance: Pricing information from published website as of 12/26/2023. | ||
Get $30 Bonus with Wire Deposits
Receive a $30 cash coupon when you reach a net accumulated monthly wire deposits of $10,000 or more.
Which is Better: Moomoo or M1 Finance?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Moomoo or Webull.
In short: Moomoo's research is noteworthy.
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