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Moomoo vs OANDA

Moomoo is a low-cost way to trade US, HK, and Chinese assets with advanced research tools. How does it compare to OANDA? Read our comparison chart below.

 MoomooOANDA
 Visit SiteVisit Site
 

Moomoo

OANDA

SPECIAL OFFER
Deposit and Get 15 Free Stocks plus 8.1% APY on uninvested cash - Learn More

Read Moomoo Review

SPECIAL OFFER
Earn Cash Rebates of up to $17 per Million - Learn More

Read OANDA Review

 

Benefits and Features

Stock Trading$0 commission on US stocks and ETFs
No
Options Trading$0 for US Options;
$0.50 per contract for Index Options
No
Annual Fee
None
 
Cryptocurrency Trading
No
 
Minimum Deposit
$0
$0
Mutual Fund Trading
No
No
Commission Free ETFs
3,030 US-listed ETFs
Not available
Phone Support+1 888 721 0610
(Trading days: 8:30 - 16:30 ET)		 
Live Chat Support
Yes
Yes
Email Support
Yes (cs@us.moomoo.com)
 
Human Advisors
No
 
Robo Advisor
No
 
Assets Under ManagementTotal client assets of HK$468.1 billion as 09/30/2023 
Penny Stocks
Yes
Not available
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
No
 
Broker Assisted Trades
Not available
Not available
Good ForTraders looking for access to Hong Kong and Chinese assets 
Inactivity Fee
$0
$10/month
Maintenance Fee
$0
None
Online Platform
Yes
Yes
iPhone App
Yes (4.6 stars, 19k ratings)
 
Android App
Yes (4.6 stars, 18k ratings)
 
Banking
No
No
Mobile App
Yes
Yes
Desktop App
Yes
Yes (fxTrade)
Two-Factor Authentication
SMS
 
Forex Trading
No
Yes
Futures Trading
No
No
Bond Trading
No
No
CFD Trading
No
Yes (CFD trading is not permitted in the US)
Currency Trading
No
Yes
Customer ServiceLive Chat (24 hours);
Phone: +1-888-721-0610 (Trading day: 08:30AM - 04:30PM EST);
Email: cs@us.moomoo.com		Local number +1 212 858 7690;
Toll-free number 1 877 OANDA FX (1 877 626 3239)
Sunday 4PM ET to Friday 6PM ET
Locations
Online only
Online only
Online Community
Yes
Yes
Seminars
Yes
Yes
Trading Platform
Desktop, Mobile Apps
OANDA Web, OANDA Mobile, TradingVIew, MetaTrader4
Virtual TradingYes. Virtual account for each market with 1 million (USD/HKD/CNY/SGD/CAD) in each account
Yes
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
No
 
Roth IRA Accounts
No
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 MoomooOANDA
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarEmpty StarStarStarStarStarEmpty Star
ResearchStarStarStarStarEmpty Star
SpreadStarStarStarStarEmpty Star
EducationStarStarStarEmpty StarEmpty Star
Forex TradingStarStarStarStarHalf Star
Trading PlatformStarStarStarStarHalf Star
TrustworthyStarStarStarStarStar
Pros & ConsPros:
  • Commission-free trading
  • Free paper trading
  • Access to Hong Kong and Chinese investments
Cons:
  • May be overwhelming for beginners
  • No forex, bonds, mutual funds, or crypto
Pros:
  • $0 minimum
  • Exceptional customer service
  • User-friendly platform
Cons:
  • Only 1:50 leverage
  • Slow withdrawal processing
  • Incomprehensive educational videos
Bottom LineLow-cost way to trade US, HK, and Chinese assets with advanced research tools... Read full reviewRegulated forex broker with no minimum deposit... Read full review
 Visit SiteVisit Site

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.

OANDA: Information sourced from the published website as of 04/22/2024.

OANDA: OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.

OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS

Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA's regulatory oversight and examinations.

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

Moomoo

Deposit and Get 15 Free Stocks plus 8.1% APY on uninvested cash

Enroll Cash sweep to enjoy 4.6% APY base rate plus 3.5% APY booster for the first 3 months after opening your account

Make a net deposit of $1,000 or more to receive 15 draws, each for a free stock worth $2 - $2,000 each. Maintain average assets totaling $1,000 or more for 60 days to unlock the free stocks.

This offer is available to new and existing customers who have not made a deposit nor an ACAT Transfer before May 29, 2024 04:00 ET and who will or are planning to make an ACAT Transfer during the duration of the offer. Terms and conditions apply.

Get Deal
Expires 11/30/2024
Moomoo

Get $30 Bonus with Wire Deposits

Get Deal
Expires 11/30/2024

Receive a $30 cash coupon when you reach a net accumulated monthly wire deposits of $10,000 or more.

Moomoo

Transfer and Get 1.5% Match Bonus

Get a 1.5% match bonus on your first transfer to your MFI account. The match amount is limited to the first $1 to $20,000 transferred into the account. Eligible assets should be from the following broker-dealers: Robinhood, Webull, TD Ameritrade (including thinkorswim), Interactive Brokers, Fidelity, E*TRADE, Cash App, Charles Schwab, Ally Invest, Firstrade, or Merrill Lynch to qualify for the cash rewards. Cash rewards will depend on the value of eligible assets transferred during the offer period. This offer is available to new and existing customers who have not made a deposit nor an ACAT Transfer before May 29, 2024 04:00 ET and who will or are planning to make an ACAT Transfer during the duration of the offer. Terms and conditions apply.

Get Deal
Expires 11/30/2024

Which is Better: Moomoo or OANDA?

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: OANDA's customer service is outstanding.

Articles on Moomoo

Moomoo Review

Moomoo can help you invest your money in U.S. and international markets. But will it suit the way you like to trade?

Articles on OANDA

OANDA Review

OANDA is one of the leading forex and CFD trading providers. But what does it offer? Read on to discover how OANDA elevates your trading journey.

OANDA Spreads

OANDA is one of the world's top forex brokers. But does it have competitive spreads? Read on to find out.

OANDA Withdrawal

Trading is no fun if you can't withdraw your earnings. So how do you withdraw funds at OANDA? Read on to find out.

OANDA Minimum Deposit

OANDA is a suitable forex broker for traders of all levels. Wondering if it has a minimum deposit requirement? Read on to find out.

OANDA Approval Time

OANDA is one of the world's most reputable forex brokers. But how long does it take to get your account approved? Read on to find out.

OANDA vs FOREX.com

OANDA and FOREX.com are both highly regulated and trusted forex brokers. But one of them is a better option. Which one?

Which Do You Think is Best?




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