Robinhood vs Moomoo

Robinhood vs Moomoo Comparison Table 2024
Robinhood	Moomoo
Review 0.9 Robinhood is #31 in our broker rankings. We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.	Review 4.3 Moomoo is #9 in our broker rankings.
Traders from US accepted	Traders from US accepted
Robinhood is a stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution.	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.
Customer Reviews
1 Based on 1 Robinhood 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
"Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker."	"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
Crypto trading available for US clients, with no commission fees and a low minimum deposit of $1 Intuitive mobile trading app with 24/7 live support and in-app stock market news Robinhood's 'Snacks' newsletter offers bite-sized financial news updates suitable for beginners Interesting podcast hosted by the CEO and co-founder, covering topics such as blockchain and financial empowerment Robinhood Cash Card offers weekly bonuses invested into stocks, as well as cashback on popular brands Receive NFTs on the Polygon and Ethereum network and connect to decentralized applications via your Robinhood wallet	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
Limited research and education tools compared to top-rated brokers like IG Previous lawsuits and negative press surrounding the firm's controversial business practices Despite the actual app showing quote data in real-time, data may be delayed by up to 20 minutes Robinhood does not support advanced order types or options trades, while limit orders are collared up to 5% Concerning history of security breaches	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
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
Stocks, ETFs, ADRs, Options, Crypto	Stocks, Options, ETFs, ADRs, OTCs
Demo Account
No	Yes
Minimum Deposit
$0	$0
Trading Platforms
Robinhood Platform	Desktop Platform Mobile App
Payment Methods
ACH Transfer Apple Pay Automated Customer Account Transfer Service Credit Card Debit Card Google Wallet	ACH Transfer Wire Transfer
Minimum Trade
$1	$0
Regulator
SEC, FCA	SEC, FINRA, MAS, ASIC, SFC
Margin Trading
No	Yes
Margin Rate
2.5%	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	Yes (iOS & Android)
Android App Rating
	3.3
iOS App Rating
	4.6
Auto Trading
No
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	$0
Islamic Account
No	No
Account Currencies
USD	USD HKD SGD
Stock Exchanges
	Australian Securities Exchange (ASX) Chicago Mercantile Exchange Hong Kong Stock Exchange Nasdaq New York Stock Exchange
Cryptocurrency
Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak.	Crypto trading not offered
Spread
0%
Coins
BTC ETH BCH LTC SOL DOGE BTG OMG XMR QTUM DASH XRP XLM ZEC NEO LSK
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review