Moomoo vs ZacksTrade
Moomoo is a low-cost way to trade US, HK, and Chinese assets with advanced research tools. How does it compare to ZacksTrade? 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 ZacksTrade offers stock trades starting at $3 per trade, and options trading at $3 + $0.75 per contract. This discount broker is known for its robust research tools. There is an account minimum of $2,500, no maintenance fee, and no inactivity fee.
Compare Moomoo with ZacksTrade, side-by-side.
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| Visit Site | Learn More | |
Moomoo | ZacksTrade | |
|---|---|---|
Deposit and Get 15 Free Stocks plus 8.1% APY on uninvested cash - | ||
Benefits and Features | ||
| Stock Trading | $0 commission on US stocks and ETFs | Greater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimum |
| Options Trading | $0 for US Options; $0.50 per contract for Index Options | $1 for First Contract + $0.75 per additional |
| Annual Fee | ||
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading | $27.50 (Greater than $1 per share) | |
| Commission Free ETFs | ||
| Phone Support | +1 888 721 0610 (Trading days: 8:30 - 16:30 ET) | |
| 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 | Less than $1 per share: 1% of the principle, $1 minimum. | |
| 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 | ||
| 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 | 9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free) |
| 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 | Can request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days. |
| 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 | | |
| Pros & Cons | Pros:
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| Bottom Line | Low-cost way to trade US, HK, and Chinese assets with advanced research tools... | |
| 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. ZacksTrade: Pricing information from published website as of 07/10/2020 | ||
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.
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Moomoo or Webull.
Articles on Moomoo
Moomoo Review
Which Do You Think is Best?
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