Moomoo vs Financial Spreads

Moomoo vs Financial Spreads Comparison Table 2024
Moomoo	Financial Spreads
Review 3.8	Review Not Yet Rated

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.	Financial Spreads is a UK-regulated broker offering spread betting and CFDs.
Customer Reviews
3.5 Based on 2 Moomoo customer reviews
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."
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
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
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	Spread betting, CFDs
Demo Account
Yes	Yes
Minimum Deposit
$0	£250
Trading Platforms
Desktop Platform Mobile App	Own
Payment Methods
ACH Transfer Wire Transfer	Credit Card Mastercard Visa Wire Transfer
Minimum Trade
$0	0.01 Lots
Regulator
SEC, FINRA, MAS, ASIC, SFC	FCA
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	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
Yes (iOS & Android)	yes
Android App Rating
3.3
iOS App Rating
4.6
Copy Trading
No	No
Social Trading
No	No
Trade Signals
None	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
No	No
Account Currencies
USD HKD SGD
Stock Exchanges
Australian Securities Exchange (ASX) Chicago Mercantile Exchange Hong Kong Stock Exchange Nasdaq New York Stock Exchange
Commodities
	Gold Silver
CFD Trading
CFD trading not offered	Buy and sell leveraged CFD contracts at Financial Spreads.
Leverage
1:2	1:30
FTSE Spread
	0.8
GBPUSD Spread
	0.9
Oil Spread
	3
Stocks Spread
$0 per trade	variable
Forex Trading
Forex trading not offered	Financial Spreads offers forex trading with 1:30 leverage.
GBPUSD Spread
	0.9
EURUSD Spread
	0.7
EURGBP Spread
	0.8
Assets
	30+
Cryptocurrency
Crypto trading not offered	Trade three leading cryptocurrency coins.
Spread
	From 1 pip
Coins
	BTC XRP ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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