Moomoo vs Spreadex

Moomoo vs Spreadex Comparison Table 2024
Moomoo Spreadex
3.8

Moomoo is #11 in our broker rankings.

3.5
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

Spreadex is an FCA-regulated broker that offers spread betting opportunities on an impressive 10,000+ CFD instruments including 60 forex pairs. Traders can also take short-term positions on sporting events. The brand has been around for over 20 years and has won multiple awards.

Customer Reviews
3.5
Bonus Offer
Get up to 15 free stocks worth up to $2000 £300 cashback
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." "Spreadex will appeal to UK day traders who are interested in both spread betting on financial markets and placing traditional bets on sports events. Fees are low on short trades and profits are tax-free on spread bets. There's also a powerful proprietary charting platform, plus £0 minimum deposit required to get started. "
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
  • There's an excellent range of instruments and trading vehicles for short-term traders
  • Spreadex gives UK traders the opportunity to make tax-free profits through spread betting
  • A rare broker that provides access to lower market cap stocks traded on the AIM
  • There are some attractive new account promotions, including double the odds and matched betting offers
  • Traders have the opportunity to bet on sports events from their brokerage account
  • There's a good selection of signals, analysis tools and risk management tools, including guaranteed stops
  • The broker offers an easy-to-use proprietary charting platform and mobile app
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
  • The lack of a demo account will frustrate prospective clients who want to test Spreadex's services
  • The limited customer service can make it time-consuming to troubleshoot problems
  • The proprietary terminal lacks comprehensive charting features of platforms like MT4 and MT5
  • There's no support for expert advisors or other trading bots
  • No third-party e-wallets are accepted
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
  • Best Spread Betting Provider - 2020 COLWMA Awards
  • Best Mobile Trading Platform - 2020 ADVFN Awards
  • Best Trading Alerts System - 2020 ADVFN Awards
  • Best Spread Betting Provider - 2019 GMG Awards
Instruments
Stocks, Options, ETFs, ADRs, OTCs Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting
Demo Account
Yes No
Minimum Deposit
$0 £0
Trading Platforms
  • Desktop Platform
  • Mobile App
  • Spreadex Platform
  • TradingView
Payment Methods
Minimum Trade
$0 £0.01
Regulator
SEC, FINRA, MAS, ASIC, SFC FCA
Margin Trading
Yes Yes
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Yes (iOS & Android) iOS & Android
Android App Rating
3.3
4.4
iOS App Rating
4.6
4.5
Auto Trading
No
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 Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 £0
Islamic Account
No No
Account Currencies
  • USD
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • CHF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade CFDs on Spreadex's diverse list of instruments with leverage up to 1:30 and highly competitive spreads. While this broker's USP is spread betting, the excellent trading terms and range of markets makes it an equally good choice for CFD trading.
Leverage
1:2 1:30
FTSE Spread
1.0
GBPUSD Spread
0.9
Oil Spread
2.8
Stocks Spread
$0 per trade 0.15%
Forex Trading
Forex trading not offered Trade on 60+ forex pairs with no commission and competitively tight spreads from 0.6 on major pairs such as EUR/USD. This is a good selection of forex pairs and excellent pricing for commission-free trading, well below the industry average.
GBPUSD Spread
0.9
EURUSD Spread
0.6
EURGBP Spread
0.9
Assets
60+
Cryptocurrency
Crypto trading not offered Spreadex offers spread betting on Bitcoin, Bitcoin Cash, Ether, Litecoin and Ripple in pairs with USD, allowing traders to make leveraged bets on crypto price movements through a derivative contract without owning the digital assets.
Spread
1 - 140 pips
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Moomoo
vs
Spreadex
vs