Moomoo vs Acorns

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Moomoo vs Acorns Comparison Table 2024
Moomoo Acorns
3.8
3.2

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.

Acorns is a US-based investment platform launched in 2012. This SEC-registered firm aims to make investing more accessible for anyone looking to start small, catering to a range of savings goals. With over 9 million clients, the firm has earned a strong reputation and is backed by a number of well-known investors and economists.

Customer Reviews
3.5
Bonus Offer
$5
Comment by Reviewer
"Moomoo remains 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." "Acorns will meet the needs of US traders looking for flexible investment portfolios with simple flat fees and low entry requirements."
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
  • Moomoo is 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 making the broker accessible for beginners
  • The broker offers access to extended pre-market trading hours
  • There are reduced options contract fees from $0.65 to $0
  • Acorns Visa debit card included with all subscriptions plus a banking and investing app
  • Earn bonus investments from popular brands when you shop their offers using your Acorns card
  • Strong regulation from the SEC and membership with FINRA/SIPC, plus FDIC insurance up to $250,000
  • Flat $3 monthly fee, plus no hidden charges, minimum balance fees or overdraft penalties
  • Five risk levels from Conservative to Aggressive and a range of savings accounts
  • Bitcoin-linked ETF offering exposure without owning BTC
  • Welcome bonuses and financial incentives
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
  • Cannot manually change or choose investments
  • Narrow choice of trading instruments with no forex
  • Monthly fee might be high for those with smaller balances
  • US clients accepted only
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, ETFs, ADRs, OTCs Stocks, ETFs, Bonds
Demo Account
Yes No
Minimum Deposit
$0 $0
Trading Platforms
  • Desktop Platform
  • Mobile App
  • Own
Payment Methods
Minimum Trade
$0 $5
Regulator
SEC, FINRA, MAS, ASIC, SFC SEC, FINRA
Margin Trading
Yes No
Margin Rate
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 Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes (iOS & Android) iOS & Android
Android App Rating
3.3
iOS App Rating
4.6
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
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • HKD
  • SGD
  • USD
Stock Exchanges