Your capital is at risk. Trade only with funds you can afford to lose.
Moomoo
#40 in our broker rankings
Accepts traders from Bhutan
Rating breakdown
- Regulation & trust4.20.3 lower than Interactive Brokers (4.5)
- Assets & markets3.31.4 lower than Interactive Brokers (4.7)
- Fees & costs3.01.3 lower than Interactive Brokers (4.3)
- Platforms & tools3.00.3 lower than Interactive Brokers (3.3)
- Accounts & banking3.00.5 lower than Interactive Brokers (3.5)
- Education4.00.3 lower than Interactive Brokers (4.3)
- Research3.50.9 lower than Interactive Brokers (4.4)
- Customer support3.30.3 higher than Interactive Brokers (3.0)
Interactive Brokers’s score. Numbers show the difference.
Interactive Brokers
Doesn't accept traders from Bhutan. See available CFD brokers
Not available in your countryRead Interactive Brokers review
Rating breakdown
- Regulation & trust4.50.3 higher than Moomoo (4.2)
- Assets & markets4.71.4 higher than Moomoo (3.3)
- Fees & costs4.31.3 higher than Moomoo (3.0)
- Platforms & tools3.30.3 higher than Moomoo (3.0)
- Accounts & banking3.50.5 higher than Moomoo (3.0)
- Education4.30.3 higher than Moomoo (4.0)
- Research4.40.9 higher than Moomoo (3.5)
- Customer support3.00.3 lower than Moomoo (3.3)
Moomoo’s score. Numbers show the difference.
| Moomoo | Interactive Brokers | |
|---|---|---|
| Overview | 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. | Interactive Brokers (IBKR) is a premier brokerage, providing access to over 170 markets across 40 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe. |
| Customer Reviews | Based on 3 customer reviews | Based on 4 customer reviews |
| Trustpilot Score | ||
| 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.” | “Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry.” |
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| Instruments | Stocks, Options, ETFs, ADRs, OTCs | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $0 |
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| Minimum Trade | $0 | $1 |
| Regulator | SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS |
| Margin Trading | Yes | Yes |
| Margin Rate | 6.8% | 5.5% - 6.13% (depending on account tier) |
| STP Account | No | Yes |
| ECN Account | No | No |
| DMA Account | No | Yes |
| MAM Account | No | Yes |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | No | Yes |
| AI / Machine Learning | Yes | Yes |
| Robo Advisor | No | Yes |
| Negative Balance Protection | No | Yes |
| Market Maker | No | No |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | Yes (iOS & Android) | iOS & Android |
| App Review | The Moomoo app is part of the core offering. We’ve spent hours using it and it’s feature-rich, with the ability to find and screen assets, conduct market research, check pre-market moves, and place market and pending orders. It’s a step up from most investing apps that focus on the basics but leave you turning to the desktop platform for advanced trading tools. The catch is that with many features the learning curve from our tests was longer than at rivals. | The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. |
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| Auto Trading | Moomoo OpenAPI | TWS API |
| Copy Trading | No | No |
| Social Trading | Yes | No |
| VPS Hosting | No | No |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | Yes |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $0 |
| Islamic Account | No | No |
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| Commodities | – | |
| CFD Trading | ||
| Overview | CFD trading not offered | Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned day traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. |
| Leverage | 1:2 | 1:50 |
| FTSE Spread | – | 0.005% (£1 Min) |
| GBPUSD Spread | – | 0.08-0.20 bps x trade value |
| Oil Spread | – | 0.25-0.85 |
| Stocks Spread | $0 per trade | 0.003 |
| Forex Trading | ||
| Overview | Forex trading not offered | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and over 100 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. |
| GBPUSD Spread | – | 0.08-0.20 bps x trade value |
| EURUSD Spread | – | 0.08-0.20 bps x trade value |
| EURGBP Spread | – | 0.08-0.20 bps x trade value |
| Assets | – | 100+ |
| Cryptocurrency | ||
| Overview | Moomoo added spot crypto trading capabilities with 50+ tokens, including major names like Bitcoin, Ethereum, and Dogecoin. It was also the first US broker to provide SEC-registered blockchain-native shares like Figure Technology Solutions’ FGRD and crypto IPO allocations such as BitGo. | IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. |
| Spread | 0.49% per spot Bitcoin trade (US), 0.3% to 0.39% (Singapore) | 0.12%-0.18% |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Not available in your countryRead Interactive Brokers review