Saxo Bank vs Moomoo
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Your capital is at risk. Trade only with funds you can afford to lose.
| Saxo | Moomoo |
|---|---|
4
|
3.2
Moomoo is #6 in our broker rankings. |
 Traders from US not accepted
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Traders from US accepted |
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Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC. |
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. |
| 66% of retail accounts lose money. | |
| Customer Reviews | |
|
2.8
Based on 4 Saxo customer reviews
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3.3
Based on 3 Moomoo customer reviews
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| Trustpilot Score | |
3.4 |
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| Bonus Offer | |
| Get up to 15 free stocks worth up to $2000 | |
| Comment by Reviewer | |
| "Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders. However, multiple regulatory fines in recent years pull down its safety profile." | "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." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, mutual funds, ETFs, ETNs | Stocks, Options, ETFs, ADRs, OTCs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| Vary by asset | $0 |
| Regulator | |
| DFSA, MAS, FCA, FINMA, AMF, CONSOB | SEC, FINRA, SIPC, MAS, SFC, ASIC, FMA, CIRO, CIPF, JFSA, SC |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 2% - 3% | 6.8% |
| STP Account | |
| No | No |
| ECN Account | |
| Yes | 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 | Yes |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| SaxoTraderGo (iOS, Android, Windows) | Yes (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. | |
| Android App Rating | |
4.6 |
3.8 |
| iOS App Rating | |
4.6 |
4.6 |
| Auto Trading | |
| Moomoo OpenAPI | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | CFD trading not offered |
| Leverage | |
| 1:30 | 1:2 |
| FTSE Spread | |
| 1.2 pts (Variable) | |
| GBPUSD Spread | |
| 0.7 (var) | |
| Oil Spread | |
| 0.03 | |
| Stocks Spread | |
| 0.10% (subject to min commission) | $0 per trade |
| Forex Trading | |
| Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | Forex trading not offered |
| GBPUSD Spread | |
| 0.7 (varies by region) | |
| EURUSD Spread | |
| 0.2 (varies by region) | |
| EURGBP Spread | |
| 0.6 (varies by region) | |
| Assets | |
| 40+ | |
| Cryptocurrency | |
| Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | 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. |
| Spread | |
| Variable | 0.49% per spot Bitcoin trade (US), 0.3% to 0.39% (Singapore) |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| 66% of retail accounts lose money. | |