Moomoo vs E-Trade

Moomoo vs E-Trade Comparison Table 2023
Moomoo Review 2023	E-Trade Review 2023
Review 3.8 Moomoo is #10 in our broker rankings.	Review 3.3 E-Trade is #36 in our broker rankings.
Traders from US accepted	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
ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer	Apple Pay Automated Customer Account Transfer Service Cheque Credit Card PayPal Western Union Wire Transfer
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
Chicago Mercantile Exchange Hong Kong Stock Exchange Nasdaq New York Stock Exchange	Chicago Mercantile Exchange
Commodities
	Soybeans

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