Trade Pro Futures is an NFA-regulated forex and futures brokerage. Aimed towards high net-worth investors, the brand offers a large catalog of powerful trading platforms and tools, including MetaTrader 4. The broker also provides demo walkthroughs, transparent pricing and reliable customer support.
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.
"Trade Pro Futures will appeal to high-volume traders looking for low-cost forex and futures trading with low to zero commissions. However, the $2500 minimum deposit means the broker is best for experienced traders."
"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
Good regulatory credentials with authorization from the NFA
One of the largest suites of trading platforms and tools including Multicharts, CQG, MT4 and R-Trader
Access to seven futures and options exchanges including CME, CBOT, NYMEX and ICE for trade opportunities
Transparent pricing structure with exchange fee and NFA charges listed by instrument
Responsive customer support and platform assistance via live chat, telephone and email
Demo walkthroughs available by request for all trading platforms and investment tools
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
Cons
High minimum deposit of $2500 for a forex account and $5000 for a futures account
Narrow choice of payment methods with bank transfer and cheque only
Third-party fees apply for access to some software
Instruments are restricted to forex and futures
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
Trade Pro Futures offers 50+ major, minor and exotic currency pairs on MT4, TradingView or Collective 2. Leverage up to 1:100 is available on forex futures.
