Stake is an Wall Street brokerage offering 6,000+ stocks on a mobile investing app. This multi-reglated broker has gained a strong reputation since its inception in 2017, with over 450,000 customers. The brand offers competitive fees, with just a $3 brokerage charge and 0.5% for FX conversion, making it popular with global traders.
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.
"Stake will appeal to aspiring stock investors looking for a heavily regulated, easy-to-use mobile platform with low fees and thousands of US shares."
"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."
Strong regulatory oversight with licenses and memberships with FINRA, SIPC and the FCA
Excellent range of 6,000 US stocks and ETFs, plus a useful stock comparison tool
Free first 'mystery' stock when you sign up and fund your account within 24 hours
Competitive $3 brokerage charge and free fractional shares, plus no inactivity or account fees
Sleek and user-friendly mobile interface with price charts, a financial news stream and market data
Attractive 'Stake Black' membership for Australian and New Zealand clients, offering instant fund settlements and more
Educational content and market overviews are posted to help investors stay up to date with the US and Australian markets
Fractional trading and stock lending help Stake offer a complete investing package
Clients can take advantage of free trades on Wall Street stocks and ETFs
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
Stake charges hefty deposit and withdrawal fees, and up to A$20 per month for its top account levels
To unlock market depth, company financial data and OTC stock trading, investors need to pay up to A$20 per month for Stake Black
UK investors are limited to bank transfers when making deposits and withdrawals
There is only one method for clients to contact the customer support team
The brokerage does not support trading using leverage or margin
There are limited technical analysis tools in the app
There is a narrow range of trading instruments
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