Moomoo vs Robinhood

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Pepperstone vs Vantage - Verdict

Moomoo and Robinhood are well-known equity brokers, but which one should you trust for your investment portfolios?

I have conducted an in-depth review of Moomoo vs. Robinhood to determine which broker is the better overall choice and which traders will benefit most from each.

Headquarters	United States	United States
Regulators	N/A	SEC
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2013	2018
Execution Type(s)	Market Maker	ECN/STP
Minimum Deposit	$0	$0
Negative Balance Protection	N/A
Trading Platform(s)	Proprietary platform	Proprietary platform
Average Trading Cost EUR/USD	N/A	Not applicable
Average Trading Cost GBP/USD	N/A	Not applicable
Average Trading Cost WTI Crude Oil	N/A	Not applicable
Average Trading Cost Gold	N/A	Not applicable
Retail Loss Rate	N/A	Undisclosed
Minimum Raw Spreads	N/A	Not applicable
Minimum Standard Spreads	N/A	Not applicable
Minimum Commission for Forex	N/A	Not applicable
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Visit Website	Visit Website

Here is a snapshot of the most notable advantages of Moomoo:

• A modern desktop trading platform and a user-friendly mobile app focused on equity and ETF trading in a cutting-edge environment
• A high-quality charting package with 63 technical indicators, 38 drawing tools, and free Level 2 data
• Customizable stock screeners with 100 variables and AI-supported trade alerts
• Low financing costs for leveraged traders
• Generous bonuses and promotions
• Beginner education

Here is a snapshot of the most notable advantages of Robinhood:

• Share dealing from $1 with an on-ramp for cryptocurrency traders on its mobile app
• A robo-advisory service with its retirement portfolio builder
• A stainless-steel, branded Visa debit card with 3% cashback on all transactions
• A publicly-listed US company
• Private banking

Features and Platforms

MT4
MT5
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading	N/A
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Visit Website	Visit Website

Available Markets

Currency Pairs	N/A
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds	N/A
ETFs		N/A
Options
Futures
Synthetics
	Visit Website	Visit Website

Both brokers offer fractional share investments, ETFs, and options. Robinhood has a more diversified asset selection than Moomoo, which includes Hong Kong-listed and Chinese-listed A shares, including futures and a managed robo-advisory.

Here is why Robinhood is a better choice for most traders:

• A more balanced asset selection
• An onramp to cryptocurrency trading

Typical Spreads and Fees

Average Trading Cost EUR/USD	N/A	Not applicable
Average Trading Cost GBP/USD	N/A	Not applicable
Average Trading Cost WTI Crude Oil	N/A	Not applicable
Average Trading Cost Gold	N/A	Not applicable
Average Trading Cost Bitcoin	N/A	Not applicable
Minimum Raw Spreads	N/A	Not applicable
Minimum Standard Spreads	N/A	Not applicable
Minimum Commission for Forex	N/A	Not applicable
Deposit Fee	N/A
Withdrawal Fee	N/A
Inactivity Fee	N/A	no
	Visit Website	Visit Website

Moomoo and Robinhood offer commission-free accounts, but which is cheaper?

Robinhood and Moomoo both offer commission-free equity and ETF trading. However, Moomoo features STP execution that results in superior pricing, while Robinhood, sells order flow. Therefore, most traders will face lower average trading costs at Moomoo with few exceptions.

Account Types

Moomoo offers an unleveraged trading account and a separate margin trading account. Robinhood has a Gold account, which is available for a monthly subscription of $5 that lowers select fees.

Are there any other noteworthy differences in the account structure at Moomoo vs. Robinhood?

Here is what stands out the most:

• Robinhood offers managed accounts via its robo-advisory service
• Unlike Moomoo, Robinhood does not have a demo account

Minimum Deposit

How Difficult Is Depositing at Moomoo vs. Robinhood?

Neither broker requires a minimum deposit, and the deposit process is like that of online banking. Still, the deposit infrastructure at Moomoo and Robinhood is not trader-friendly, as it relies heavily on bank-related payments, where ACH transactions are the cheapest and fastest method. Robinhood maintains an edge with its branded Visa debit card, offering 3% cashback on all transactions.

Minimum Withdrawal

Which Withdrawal Process Is Better: Moomoo or Robinhood?

Moomoo and Robinhood lack a trader-friendly withdrawal process. Neither broker lists a minimum withdrawal, but Moomoo offers one free monthly withdrawal, before a withdrawal fee applies. Robinhood charges a withdrawal fee for withdrawals to external credit/debit cards and bank accounts and favors traders using its branded Visa debit card.

Security and Trust

Country of the Regulator	United Kingdom, United States	United States
Name of the Regulator	N/A	SEC
Regulatory License Number	165998, 8-69188, 823590	8-69739
Regulatory Tier	1, 1	1
	Visit Website	Visit Website

Which Broker Is More Secure and Trustworthy?

Both brokers segregate client deposits from corporate funds and are FINRA members. Moomoo’s corporate owner, Futu Holdings, is a publicly listed company on the NASDAQ with well-known investors like Tencent behind it. Robinhood is one of the pioneers of commission-free trading in the US but has a questionable operational track record and supplements its income with payment for order flow. Therefore, Moomoo is the more trustworthy and secure broker.

Moomoo versus Robinhood Verdict

Moomoo

Robinhood

Which Forex Broker Is Better?

Moomoo and Robinhood are well-known equity and ETF brokers, and I recommend traders evaluate their products and services to determine which suits their requirements.

Here is my verdict:

Robinhood offers fractional shares ideal for smaller portfolios but has a controversial track record. Moomoo is the better broker, featuring free Level 2 data, commission-free trading, a cutting-edge trading platform, and AI-assisted alerts.

FAQs

Can Moomoo be trusted?

Moomoo established itself as a trustworthy broker backed by a quality corporate owner and well-known investors.

Is there a better platform than Robinhood?

It depends on the trader’s preferences, but there are many platforms that offer superior trading infrastructure and services to Robinhood.

What are the disadvantages of Moomoo?

Moomoo does not offer broad-based sector coverage and only supports bank-related payment processors.

What is better: Moomoo or Robinhood?

It depends on the trader’s preferences. While Moomoo is the overall better broker for most traders, Robinhood offers some features, such as managed accounts and a diverse portfolio that includes cryptocurrencies commodities and metals, which are unavailable at Moomoo.