Moomoo vs E-Trade

Moomoo vs E-Trade Comparison Table 2023
Moomoo Review 2023 E-Trade Review 2023
3.8

Moomoo is #10 in our broker rankings.

3.3

E-Trade is #36 in our broker rankings.

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

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.

E-trade is a one-stop shop that provides both investment and trading opportunities to clients through four proprietary platforms and apps. The firm has decades of experience and is authorized by the SEC. Investors can benefit from ready-made portfolios or open a do-it-yourself account to choose from stocks, funds, ETFs, futures and bonds; traders can access margin trading on stocks, options and futures.

Bonus Offer
Get up to 15 free stocks worth up to $2000 Commission Free Trades
Comment by Reviewer
"Moomoo will appeal to stock traders who want to build an investment portfolio through a user-friendly app with low to zero commissions." "E-trade provides great service to anyone who wants to grow their wealth both through long-term investments and shorter-term trading, thanks to a diverse and flexible range of products. "
Pros
  • 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
  • Trade US stocks, ETFs and mutual funds with no commissions
  • Build an investment portfolio and trade stocks and derivatives through one broker
  • Good selection of extra features including data feed with input from leading third-party providers
  • Regulated by top US organizations including the SEC
  • Competitive fees and a transparent pricing structure
  • Very diverse range of assets to invest and trade
Cons
  • High margin rate fees
  • No phone or live chat support
  • No negative balance protection
  • No 2 factor authentication (2FA)
  • Aimed mainly towards US residents
  • High commissions on some products
  • High threshold to qualify for the pro platform
  • No fractional shares
  • No demo account
  • No forex trading
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, Futures, E-minis, Options
Demo Account
Yes Yes
Minimum Deposit
$0 $500
Trading Platforms
  • Own
  • MT4
Payment Methods
Minimum Trade
$0 $10
Regulator
SEC, FINRA, MAS SEC
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 Yes
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes (iOS & Android) iOS, Android and Windows
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
Islamic Account
No No
Account Currencies
  • USD
Stock Exchanges
Commodities
More Comparisons
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