Olymp Trade vs Moomoo

Olymp Trade vs Moomoo Comparison Table 2023
Olymp Trade Review 2023 Moomoo Review 2023
1.5
3.8

Moomoo is #10 in our broker rankings.

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

Olymp Trade was established in 2014 and now boasts over 25k active traders each day. With a presence in over 130 countries and support in 13 languages, the brand offers a stable platform, competitive spreads and attractive rewards for new traders. Olymp Trade also offers fixed time trades over a huge range of markets.

Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong and US stocks, ETFs and other assets. Margin trading is available and the brand accepts low minimum deposits while also decent several bonuses.

Bonus Offer
Get up to 15 free stocks worth up to $2000
Comment by Reviewer
"Olymp Trade is a good option for beginners looking for access to popular financial markets, 24/7 support, and a user-friendly trading platform." "Moomoo will appeal to stock traders who want to build an investment portfolio through a user-friendly app with low to zero commissions."
Pros
  • Over 10 flexible payment methods including bank cards and Bitcoin deposits
  • Diverse asset classes including commodities, cryptos and composite indices
  • Comprehensive blog section with analytics, trading education and market news
  • Minimum deposit and withdrawals of only $10, ideal for newer traders
  • 24/7 customer support via the broker's hotline, email or live chat
  • Fixed time trades on popular markets
  • Regulated by US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS)
  • Member of FINRA and the Securities Investor Protection Corporation (SIPC)
  • Access to full extended pre-market trading hours
  • Attractive bonuses and financial incentives
  • Superior trading analytics and insights
  • ‘Moomoo Token’ transaction security
  • No minimum deposit requirement
  • Great mobile app for beginners
  • AI alerts
Cons
  • Offshore broker with weak regulatory oversight
  • Only one proprietary platform available
  • Limited transparency
  • High margin rate fees
  • No phone or live chat support
  • No negative balance protection
  • No 2 factor authentication (2FA)
  • Aimed mainly towards US residents
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
Fixed Time Trades Stocks, Options, ETFs, ADRs, OTCs
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1 $0
Regulator
FinaCom SEC, FINRA, MAS
Margin Trading
No 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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android and Windows Yes (iOS & Android)
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 No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
Stock Exchanges
Cryptocurrency
Olymp Trade offers a handful of leading cryptos like Bitcoin and Ethereum. The Basic Altcoin Index is also a great addition, offering broader exposure to the currency market for those that don't want to put all their money in one crypto. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • ETH
  • LTC
  • DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Olymp Trade offers fixed time trades on a huge range of markets. Established in 2014, the firm now sees more than 30 million monthly transactions with an average monthly payout of over $16 million. Binary options trading not offered
Payout
90%
Expiry Times
5 seconds - 23 hours
Ladder Options
No No
Boundary Options
No No
More Comparisons
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