Ally Invest vs Moomoo

Ally Invest vs Moomoo Comparison Table 2023
Ally Invest Review 2023 Moomoo Review 2023
3.2

Ally Invest is #36 in our broker rankings.

3.8

Moomoo is #10 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Ally Invest was founded in 2005 and serves 11 million customers through its suite of investing and financial services products. The brokerage is regulated by the US SEC with FINRA and SIPC membership. The company has a substantial $197 billion in assets under management (AUM).

Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong and US stocks, ETFs and other assets. Margin trading is available and the brand accepts low minimum deposits while also decent several bonuses.

Bonus Offer
Get up to 15 free stocks worth up to $2000
Comment by Reviewer
"Ally Invest is an all-in-one financial solution suitable for traders of all experience levels with self-directed and managed trading accounts alongside online banking, financial advice, credit cards and loans." "Moomoo will appeal to stock traders who want to build an investment portfolio through a user-friendly app with low to zero commissions."
Pros
  • Responsive customer support available 24/7 with local and international telephone help, live chat and email
  • Free demo account with $50,000 virtual funds and access to all platforms and tools
  • Competitive fees including commission-free trading on eligible US stocks and ETFs
  • Managed portfolios tailored to financial goals and risk appetite
  • Regulated by the SEC and a member of the SIPC
  • Online educational content and financial advice
  • High-quality proprietary web trading platform
  • You can reinvest dividends through DRIP
  • Leveraged trading up to $1 million
  • Access to MetaTrader 4
  • Regulated by US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS)
  • Member of FINRA and the Securities Investor Protection Corporation (SIPC)
  • Access to full extended pre-market trading hours
  • Attractive bonuses and financial incentives
  • Superior trading analytics and insights
  • ‘Moomoo Token’ transaction security
  • No minimum deposit requirement
  • Great mobile app for beginners
  • AI alerts
Cons
  • Some features such as the stock screener are not available on the mobile app
  • Deposits and withdrawals limited to wire transfers or cheques only
  • Forex trading is available on a separate account
  • Only US stocks are available
  • High margin rate fees
  • No phone or live chat support
  • No negative balance protection
  • No 2 factor authentication (2FA)
  • Aimed mainly towards US residents
Awards
  • Best Trading Platform 2022 - Fintech Breakthrough
  • Best Active Trading App 2021 - Investing Simple
  • Best Trading Technology 2021 - Benzinga
  • Best Online Stock Brokers 2021 - Benzinga
Instruments
Stocks, Options, Forex, ETFs Stocks, Options, ETFs, ADRs, OTCs
Demo Account
No Yes
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$0
Regulator
SEC, FINRA SEC, FINRA, MAS
Margin Trading
Yes Yes
Margin Rate
3.25% 6.8
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android Yes (iOS & Android)
Copy Trading
No No
Social Trading
No No
Trade Signals
None
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
Forex Trading
Ally Invest offers 50+ currency pairs with access to MetaTrader 4 and the Ally Invest Forex Advanced Desktop platforms. Spreads compare well to alternatives with a good range of majors, minors and exotics. Forex trading not offered
GBPUSD Spread
1
EURUSD Spread
1
EURGBP Spread
1
Assets
80
More Comparisons
Ally Invest
vs
Moomoo
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