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Moomoo vs Futu

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Moomoo vs Futu Comparison Table 2024
Moomoo Futu
Review
4.3

Moomoo is #10 in our broker rankings.

Review
2.7
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.

Futu is a NASDAQ-listed brokerage established in 2012. The fintech firm offers multi-asset trading opportunities on two proprietary platforms; Futubull and moomoo. Futu holds licenses with 20+ authorities including the ASIC, NFA and SFC. An impressive 15 million customers trade with Futu.

Customer Reviews
3.5
Based on 2 Moomoo customer reviews
Bonus Offer
Get up to 15 free stocks worth up to $2000
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." "Futu is best for investing in Hong Kong, Chinese and US stock markets with transparent pricing. The broker is trustworthy with strong regulatory oversight and multiple awards."
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
  • Reputable brokerage listed on the NASDAQ and registered with tier-one regulators
  • Extensive list of investments including stocks, options, ETFs, warrants, bonds and IPOs
  • Transparent pricing model with no commission fees to trade HK stocks & ETFs and free market data
  • Easy-to-use proprietary trading platform with desktop software, browser compatibility and a mobile app
  • Regulated worldwide with segregated client funds, ISO27001 security credentials and investor compensation schemes
  • Investor backing from several corporations including Tencent Holdings
  • NiuNiu community-based platform with NiuNiu Classroom education access
  • Pre-IPO trading hours access
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
  • Limited number of payment methods with no e-wallets such as Skrill, Neteller or PayPal
  • High minimum deposit requirement of HKD 10,000 or USD 1,500
  • No live chat support available
  • Forex trading not available
  • No MT4 or MT5 access
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
  • HKEX - Business Innovation Information Vendors 2017
  • HKEX - Rising Information Vendor of the Year 2016
  • KPMG - China Leading Fintech 50 (2017/2016)
  • Bloomberg - Best Online Broker 2017
  • CB Insights - CB Insights’ Fintech 250 (2018/2017)
Instruments
Stocks, Options, ETFs, ADRs, OTCs Stocks, ETFs, IPOs, CBBCs, iBonds, Options, Warrants
Demo Account
Yes Yes
Minimum Deposit
$0 $1500
Trading Platforms
  • Desktop Platform
  • Mobile App
  • Own
Payment Methods
Minimum Trade
$0 0.01 Lots
Regulator
SEC, FINRA, MAS, ASIC, SFC SFC
Margin Trading
Yes Yes
Margin Rate
6.8 4.8% - 8.8%
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
Yes Yes
Mobile Apps
Yes (iOS & Android) iOS & Android
Android App Rating
3.3
iOS App Rating
4.6
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
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • HKD
  • SGD
Stock Exchanges
Review
Review