Moomoo vs Robinhood
Moomoo is a low-cost way to trade US, HK, and Chinese assets with advanced research tools. How does it compare to Robinhood? 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 Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.
Compare Moomoo with Robinhood, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Visit Site | |
Moomoo | Robinhood | |
|---|---|---|
Deposit and Get 15 Free Stocks plus 8.1% APY on uninvested cash - | Get a Free Stock (worth between $5 and $200) - | |
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 | ||
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading | ||
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | +1 888 721 0610 (Trading days: 8:30 - 16:30 ET) | |
| Live Chat Support | Available 24/7 (requires sign in) | |
| 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 | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | Traders looking for access to Hong Kong and Chinese assets | |
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank | |
| Mobile App | ||
| Desktop App | ||
| Two-Factor Authentication | Device approvals, Authenticator app, SMS | |
| 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 | Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.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 | ||
| | |
| Stock Trading |  | |
| Options Trading | |  |
| Minimum Deposit | | |
| Mobile App |  | |
| Commissions and Fees | | |
| Customer Service | | |
| Ease of Use | | |
| Research | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Low-cost way to trade US, HK, and Chinese assets with advanced research tools... | Free way to trade stocks with limited bells and whistles... |
| Visit Site | Visit Site | |
Moomoo: Pricing information from published website as of 05/03/2024. Robinhood: Pricing information from published websites as of 08/13/2024. | ||
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 $30 Bonus with Wire Deposits
Receive a $30 cash coupon when you reach a net accumulated monthly wire deposits of $10,000 or more.
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.
Buy and Sell Cryptocurrency
Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.
Which is Better: Moomoo or Robinhood?
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 options trading and research are noteworthy. In particular, the options trading is excellent. Robinhood's customer service and ease of use are noteworthy. In particular, the ease of use is impressive.
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Which Do You Think is Best?
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