CommSec is a top Australian retail broker offering a suite of trading tools & products.
Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.
Bonus Offer
Get up to 15 free stocks worth up to $2000
Comment by Reviewer
"Moomoo is an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."
Pros
It is reassuring that Moomoo holds licenses with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS), among others
It's also a Member of FINRA and the Securities Investor Protection Corporation (SIPC), adding another level of security for prospective clients
The ‘Moomoo Token’ generates dynamic passwords for transaction security - a unique and helpful safety feature
Moomoo's analytics and insights are impressive and detailed compared to other brands
There is no minimum deposit requirement which is excellent news for beginners
The broker offers access to extended pre-market trading hours
Moomoo has reduced options contract fees from $0.65 to $0
Cons
There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
There is no phone or live chat support - common options at most other brokers
Awards
Innovation Excellence 2020 - Canstar
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
Shares, Options, ETFs, Warrants, Fixed Income Securities
Traders from US not accepted