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.
Qtrade is an award-winning Canadian financial services firm that offers a selection of investing accounts with $8.75 and $6.95 stocks, mutual fund trades and 100+ commission-free ETFs. This is a long-running brand that is well regarded in Canada, where many investors choose it to build their savings account or pension pot. QTrade is also highly trusted and authorized by the Canadian Investment Regulatory Organization (CIRO).
Bonus Offer
Get up to 15 free stocks worth up to $2000
Get up to $150 cashback
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."
"Qtrade is a good match for Canadian traders who are looking for a reputable and regulated broker to make longer-term investments as well as leveraged trades."
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
It's also 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 which is excellent news for beginners
The broker offers access to extended pre-market trading hours
Moomoo has reduced options contract fees from $0.65 to $0
One of the best investment platforms on offer in Canada
Easy to use and award winning platform and customer experience
Good range of US and Canadian stocks as well as funds, ETFs and other assets
Offers a range of accounts to suit standard investments or various types of pension
Simple investor/member login process
Trailing stop loss risk management tool
100+ commission-free ETFs
No deposit or withdrawal fees
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
Transfer out fee
CAD to USD exchange charge
Commissions of $8.75 per equity can stack up
Limited funding options and no credit/debit card deposits
Only available to residents of Canada. So if you are residents of Dubai, the UK or Lebanon, you will not be eligible
Traders from US accepted