Moomoo vs Mitrade
Moomoo | Mitrade |
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3.8
Moomoo is #11 in our broker rankings. |
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3.5
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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. |
MiTrade is a Australian CFD and forex broker with top-tier regulation from ASIC. The broker offers zero minimum deposit requirement, 24/5 customer support and a sleek proprietary platform. The brand has been recognized with global awards and has gained a client base of over 2.4 million. |
Bonus Offer | |
Get up to 15 free stocks worth up to $2000 | $50 welcome bonus |
Comment by Reviewer | |
"Moomoo is 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." | "Based on my extensive tests, I think MiTrade is a good choice for novice investors looking for hundreds of instruments, educational content and an award-winning bespoke trading platform." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, Options, ETFs, ADRs, OTCs | Stocks, CFD, Forex |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$0 | 0.01 Lots |
Regulator | |
SEC, FINRA, MAS, ASIC, SFC | ASIC, FSC, CIMA |
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) | iOS & Android |
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 |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
CFD Trading | |
CFD trading not offered | There's a decent range of 500+ CFD products on a proprietary terminal including forex, stocks, shares and commodities with competitive spreads. I appreciated the 24/5 customer support, market insights and sentiment data to help me make informed CFD trading decisions. |
Leverage | |
1:2 | 1:30 (Retail), 1:250 (Pro) |
FTSE Spread | |
3 | |
GBPUSD Spread | |
1.5 | |
Oil Spread | |
0.05 | |
Stocks Spread | |
Variable | |
Forex Trading | |
Forex trading not offered | During my tests, I was pleased to uncover 60+ major, minor and exotic currency pairs, such as EUR/USD, AUD/USD and GBP/JPY with a minimum trade size of 0.01 lots and no commission fees. I also noted no hidden fees and free access to market insights.ith leverage through Mitrade's proprietary web-based trading platform. |
GBPUSD Spread | |
1.5 | |
EURUSD Spread | |
1 | |
EURGBP Spread | |
1.2 | |
Assets | |
60 | |
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