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Written by Sam Pennington on December 15, 2021
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Moomoo vs Robinhood 2022: Best Free Brokerage?

Investing in the stock market is more accessible today than ever before. Anyone can now buy and sell various investments from their phone in a matter of seconds.

With a growing number of brokerages and investing apps readily available, many people struggle to know which is the best one for them. This dilemma is intensified by the various cost structures, incentive programs, and app functionalities.

Hopefully, this article will make the solution to this dilemma a little clearer. In this article, we are going to compare Moomoo and Robinhood to see the similarities and differences between the two investing apps. We will take a deep dive into the two investing platforms and cover the pros and cons of each.

Moomoo vs Robinhood: The Basics

Moomoo is an advanced investing platform that allows users to buy and sell stocks, ETFs, options, and other assets commission-free. The platform was designed for investors of all levels. Though with its advanced charting, free level two market data, extended trading hours, and a variety of impressive research tools, the trading platform caters to experienced traders and day traders.

Launched in 2018, Moomoo has gained traction and popularity among investors for being a true one-stop shop for investing in the stock market.

Robinhood, often thought of as the original free investing app, is a platform designed to make investing easy. With an incredibly simple app design that is frictionless and easy to navigate, Robinhood has become one of the most popular investing apps available.

Within the app, users can buy and sell stocks, ETFs, crypto, and options commission-free. It was created specifically with the hope of making investing simple and easy to understand, which is the main reason new investors feel comfortable in the app.

Both of these trading platforms offer users the ability to make trades commission-free. They both have an app and a desktop version, though Robinhood's app and desktop version are virtually the same.

Moomoo and Robinhood were both designed for the end user. Thus, investors have great things to say about both of these investing platforms.

Product Features Overall Price Buy Now
Robinhood review

Robinhood Review 2022: Best Investing App?

  • Trading Fees
  • Ease Of Use
  • Account Types
  • Research/Data
  • Securities Offered
Download Robinhood

Moomoo Review 2022: Best Free Trading App?

  • Pricing
  • Research Tools
  • Beginner Friendly
  • Sign Up Incentive
  • Operating History
Sign Up With Moomoo!

Robinhood vs Moomoo: Summary

  • Both platforms allow users commission-free trades on stocks, ETFs, and options.
  • Moomoo allows users to buy and sell shares of stock on the Hong Kong Stock exchange, though commissions do apply.
  • They both offer level 2 market data, but Robinhood requires a monthly subscription of $5 to access it while Moomoo offers it for free to all users.
  • Moomoo has limited customer support. Robinhood has an internal messaging system in the app that also allows members to request a phone call 24/7.
  • Both have automated investing capabilities with various schedules.
  • Moomoo features a wide array of impressive research tools, press releases, and advanced charting.
  • Both platforms offer members access to IPO investing.
  • Moomoo has real time market quotes for free.
  • Moomoo has a community feature, which allows users the ability to discuss various insights.
  • Members of Moomoo will be able to access company financials within the app.
  • Moomoo has extended trading hours from 4 am to 8 pm, while Robinhood offers users trading from 9 am to 6 pm.
  • Users on Moomoo have access to free paper trading.
  • Both platforms offer a sign up incentive. Sign up with Moomoo now and get 5 free stocks. Robinhood offers one free stock with a funded account.
  • Robinhood allows users to trade fractional shares and some cryptocurrencies, while Moomoo does not.
  • Both platforms are FINRA registered and insured through the SIPC.
Account Minimum$0$0
Available AssetsStocks, ETFs, OptionsStocks, ETFs, Options, Cryptocurrency
Fractional SharesNoYes
Advanced ChartingYesNo
Level 2 Market DataFree$5 Monthly Subscription
Best ForAdvanced InvestorsNovice Investors


What is Moomoo?

Moomoo is a commission-free trading platform. Based in Silicon Valley in California, Moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd. The trading platform was launched in March of 2018.

The relatively new trading platform is quickly gaining popularity as it offers more resources and charting tools than the average investing app. This is one feature that really separates Moomoo from Robinhood. The number of tools and resources offered within Moomoo dwarfs that of Robinhood.

Moomoo does not currently offer cryptocurrency, mutual funds, or bonds.

What Features Does Moomoo Offer?

Moomoo offers a wide number of advanced research tools and charting that cater well to experienced traders.

Moomoo was designed to be a one-stop shop for investing. So what does that mean? Many investors often complain about the level of detail and tools available within various trading apps. They often have to use a variety of resources when making investment decisions.

With Moomoo however, investors can find just about everything they need within the same app to make informed decisions.

Moomoo offers users the following features and benefits:

  • Capital Flows: See the trends of capital flowing into and out of specific companies you are researching.
  • Intuitive Graphs: Take a more detailed view of the company’s financial situation.
  • Free Level 2 Market Data: Moomoo's platform shines due to its free offering of Level 2 Market Data. This allows investors to gain access to a security's order book, which highlights the bid and ask offered by market makers. Level 2 also comes with real time quotes, which is a huge benefit that can save you money.
  • Charts & Technical Indicators: The charts include candlestick, line, mountain line, bar, and other technical indicators.
  • Full Extended Hours: Investors can invest from 4 am to 8 pm.
  • Third-Party Ratings: Receive research ratings from professional third-party researchers. This helps investors compare buy and sell recommendations for various stocks.
  • Smart Reminders: These alerts generate automatic notifications for you on any price movement or changes in stocks you are watching.
  • Short Selling and Margin Trading: Moomoo offers users the ability to perform advanced trading.

The features listed above are a great benefit for all Moomoo users. In addition, users have access to the Moomoo community where investors can share insights about various investments. All the offerings within the app and on the desktop version provide investors everything they need to be successful at trading in the stock market.

moomoo level 2 market data

Who Is Moomoo Best For?

Moomoo, though it can cater to nearly everyone's needs, is designed for the more advanced or active trader. With Level 2 Market Data, real time quotes, a plethora of research and charting tools, extended trading hours, and more, Moomoo is best suited for intermediate and advanced-level investors.

Beginners can certainly use the app, though there will be a learning curve due to the vast number of features and capabilities offered.

moomoo UI

How to Start Investing with Moomoo?

Getting up and running on the Moomoo platform is simple and creating your account can be done in just a few minutes.

Before getting started, be sure you have the following information ready:

  • Name
  • Email
  • Social Security Number
  • Birth Date
  • Valid US Address
  • Phone Number
  • Employment and Income Information

Once you have completed the input portion of sign up, your account will be submitted for review. Approval can take up to 1-3 business days.

Once approval is granted, link your bank account and make a deposit! By doing this, you will win free stock!

Moomoo Signup Promotion

Webull is currently offering new members 5 free stocks valued at up to $3,500 each when they sign up and fund their account. In order to get access to these stocks, users will need to follow these steps:

  1. Open a brokerage account to receive one stock worth $3 - $3,500
  2. Deposit any amount into your brokerage account to receive a stock worth $9 - $3,500
  3. Deposit $2,000 to get an additional 3 stocks worth $9 - $3,500 each

In addition to the free stocks, users can also enter for a chance to win the Oculus Quest 2 or a new iPhone 13 Pro by depositing $100 into their new account!

Find out more by clicking on the button below!

What is Robinhood?

Robinhood is a commission-free trading platform designed to make investing as easy as shopping online. Launched in 2013, Robinhood has quickly become a top trading platform for new and novice investors.

For many, investing is seen as a complex topic with difficult terms. Robinhood sought to change the way people thought about and interacted with the stock market. Thus, they created a platform that was easy to use and understand. Additionally, they offered an ability to buy fractional shares, which allowed anyone to get started with any amount of money.

Purchasing a share of stock can often be expensive. Amazon, ticker symbol AMZN, for example, currently trades for over $3,300. For many, this makes investing in Amazon impossible. But with fractional shares, anyone can invest with as little as a dollar!

What Features Does Robinhood Offer?

Robinhood, though designed to be simple and easy, still offers a number of different features for investors.

Robinhood offers users the following benefits:

  • Fractional Shares: Users can invest with as little as a dollar and purchase a portion or a fraction of a share.
  • Dividend Reinvestment Plan: With fractional shares, users can opt into a Dividend Reinvestment Plan (DRIP) to automatically reinvest any dividend payments.
  • Basic Charts and Stock Stats: Robinhood offers users line and candlestick charts. They also have basic company stats as well as integrated news for specific stocks.
  • IPO Access: While participation in an IPO has typically been limited to large institutions and high net worth individuals, Robinhood actually offers the everyday investor the ability to request shares in an IPO. Robinhood does not act as the underwriter during an IPO, but instead partners with large financial banks to receive an allocation of shares. The company then offers these shares to its account holders. Learn more about IPO Investing on Robinhood.
  • Robinhood Gold: Investors can upgrade their account for $5 a month. This upgrade allows users to access level 2 market data and receive an instant deposit limit of $5,000 up from $1,000. Users will also be able to trade on margin with a Gold account.
  • Custom Watchlists: Users can add multiple stocks to their watchlists, which is common in most trading apps, but it also offers users the ability to make multiple custom watchlists.
  • Instant Transfers: Users can start investing up to $1,000 immediately while they wait for funds to transfer. The instant transfer is $5,000 for Robinhood Gold users.

With the ability to start investing with any dollar amount and the use of such a simple app, many new investors have started investing thanks to Robinhood. Though Robinhood may not have all the tools other apps such as Moomoo or Webull have, it certainly has accomplished its mission to simplify investing.

robinhood interface

Who Is Robinhood Best For?

Robinhood was designed to make investing simple, therefore the app is really best catered to beginners. While advanced and intermediate traders can certainly find the platform helpful, they may desire more research capabilities.

This platform is a great way to learn about investing. Many investors start with Robinhood and later move to another app like Moomoo after becoming comfortable with investing.

For those looking to get started with cryptocurrency, Robinhood also may be a good place to start. While Moomoo does not offer any cryptos on its platform, Robinhood does have a few options.

Another key benefit of Robinhood is the ability to get started with any sum of money. There are no account minimums and fractional shares. Anyone can truly get started with just a dollar!

How to Start Investing With Robinhood?

Getting started with Robinhood is quick and easy. After downloading the app, you will input the basic information like your name, address, phone number, and social security number. After answering a series of questions, your account will be submitted for review. An account will typically be approved within 24 hours.

Robinhood Crypto

Robinhood Signup Promotion

Currently, Robinhood is offering a sign up bonus for all new traders. If you sign up for the app and link your bank account, you will have the ability to earn a stock valued at $2.50 - $225. Keep in mind there is an approximately 98% chance of the stock bonus having a value of $2.50 - $10.00.

To be quite frank, this is a very meager offering compared to what Webull and Moomoo are currently offering. However, Robinhood is extremely popular and doesn't need to incentivize new users the way that newer platforms might choose to.

Find more information at this link.

Moomoo vs Robinhood: Final Thoughts

Both trading platforms offer users a variety of features and benefits. While Moomoo is designed for all levels of investors, the app can be overwhelming to new investors due to the sheer number of resources readily available. Though the app is simple and customizable, the vast array of research tools and advanced charting makes Moomoo a great option for more experienced traders.

Robinhood is a great platform for new investors. With an incredibly simple design and easy navigation, Robinhood is a favorite for new and novice investors. The trading app even features informative details about what certain stats and trading types mean. Experienced and advanced traders often complain about the lack of investing resources within Robinhood, making the app more suited for beginners.

For those looking to gain access into international markets such as China Shares or Hong Kong, Moomoo would be the best choice. The platform not only offers US stocks, ETFs, ADRs, and options, but it also has securities from a number of other markets as well.

Both platforms offer their members access to IPOs, though they may not have the same companies listed for purchase. If you want to participate in a certain IPO, you may increase your chances by checking with both investment platforms to see if one or the other carries that IPO.

Since both platforms are free, take advantage of current sign up promotions and get started investing today!

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Article written by Sam Pennington
Sam is a personal finance writer. While in college, he dedicated his spare time to learning about personal finance, investing, and real estate. Sam currently works as a business analyst for one of the top food manufacturers in the world.

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