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Written by Sam Pennington on May 21, 2021
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Moomoo vs Webull 2021: Best Advanced Free Trading App?

Investing in the stock market has undergone a pronounced change in the last 10 years. The creation of investing apps designed for mobile use has popularized investing substantially. Back in the 1950's, just 4% of the United States population owned stocks. That number increased to 20% by 1990. And today? According to a poll by Gallup, 55% of Americans own stock.

This is largely due to the ease in which people can now invest. Today, a person can invest in the stock market without ever leaving their home, without making a phone call, and without paying a dime in commissions. All that's required is a phone and an internet connection.

With the proliferation of new investing apps, many question which trading platform is best suited for them. While there are many options available, Moomoo and Webull are two that stand out for advanced and experienced investors.

In this article, we are going to compare Moomoo vs Webull to see similarities and differences between the two investing apps.

This article is sponsored by Moomoo.

Moomoo vs Webull: The Basics

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

Webull is also an investing platform designed for the experienced investor. Subscribers are able to buy and sell various assets commission-free like Moomoo, though with Webull, members have access to a limited number of cryptocurrencies. Launched in early 2018, Webull was created to empower the everyday investor with information. With 24/7 customer service available, Webull is dedicated to helping investors make educated decisions in the stock market.

Both platforms offer investors a plethora of research tools and resources. They were both created to empower investors with the ability to make better decisions when investing. With similar offerings, investors should explore both to see which caters best to their needs.

Webull 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 and China A-shares, though commissions do apply there.
  • They both offer level 2 market data, but Webull requires a monthly subscription of $1.99 to access it while Moomoo offers it for free to all users.
  • Webull offers both a phone number and 24/7 customer support, while Moomoo offers an email only.
  • Both have automated investing capabilities with various schedules.
  • Both platforms feature a wide array of impressive research tools and advanced charting.
  • They both offer free access to real time market quotes when trading stocks
  • Both trading platforms have a community feature, which allows users the ability to discuss various insights with other investors.
  • Webull offers members access to a limited number of cryptocurrencies while Moomoo does not.
  • Moomoo and Webull both have extended trading hours from 4am to 8pm
  • Users on both Moomoo and Webull have access to free paper trading.
  • Both platforms offer a sign up incentive. Sign up with Moomoo now and get 4 free stocks.
  • Both platforms are FINRA registered and insured through the SIPC.
FeatureMoomooWebull
Account Minimum$0$0
Available AssetsStocks, ETFs, ADRs, and OptionsStocks, ETFs, Options, ADRs, IRAs, and Crytopcurrency
Fractional SharesNoNo
DRIPNoNo
Advanced ChartingYesYes
Level 2 Market DataFreeAvailable with Subscription for $1.99 per Month
Margin Trading6.8% InterestTiered Interest Charges from 6.99% to 3.99%
Real Time Market QuotesFreeAvailable with Subscription for $2.99
Extended Trading Hours4am - 8pm4am - 8pm
Best ForIntermediate to Advanced InvestorsIntermediate to Advanced Investors

What is Moomoo?

Moomoo is a commission-free trading platform. Based in the 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. When thinking about Moomoo vs Robinhood, the key difference is the impressive number of tools and resources offered within the app. Moomoo was designed to offer investors everything they could need in one place.

Though it is still relatively new, 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, which caters well to more 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 to make informed decisions.

Moomoo offers users the following features and benefits:

  • Capital Flows: Moomoo lets you see the trends in capital flowing in and out of specific companies you may be looking at.
  • Access to Asian Markets: Members can trade in the Hong Kong Stock Exchange and China A-Shares.
  • Intuitive Graphs: These are financial reports that give investors a more detailed view of the company’s financial situation.
  • Charts & Technical Indicators: The charts include candlestick, line, mountain line, bar, and other technical indicators.
  • Full Extended Hours: Investors can invest from 4am to 8pm.
  • Third-Party Ratings: This is integrated research ratings from diverse professional third-party researchers. This research helps investors look at comparisons between 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 charges a flat 6.8% for margin trading (Webull starts at 6.99% and goes down to 3.99% depending on the size of the account.)

In addition to the features listed above, Moomoo also offers users access to the Moomoo community where investors can share insights about various investments. With all the offerings within the app or on the desktop version, investors will find everything they need to make informed investment decisions.

One of the main advantages that Moomoo offers investors is their free access to Level 2 market data and real time quotes. For some investors, this is a must. They also offer a more affordable rate for margin trading on accounts with a balance less than $25,000.

moomoo lvl 2

How to Start Investing with Moomoo?

Getting started with Moomoo is simple. Creating your account can be done in just a few minutes.

You will need the following information ready:

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

After inputting the required information and agreeing to their risk statement, your account will be submitted for review. Approval can take up to 1-3 business days.

Once approval is granted, linking a bank account and making your first deposit is simple.

What is Webull?

Webull is an investment platform that allows members to buy and sell various assets commission-free. It was created with a similar mission as Moomoo. Their creators wanted to build a platform that equipped investors with all the tools they needed in one location.

Many investors today complain that various trading platforms do not have enough resources for proper fundamental or technical analysis. They often find themselves using a variety of resources to make informed decisions. Webull wanted to combine all the necessary resources into a single location.

What Features Does Webull Offer?

Many of the features that Webull offer are actually similar to Moomoo, though Webull does have a few key advantages:

  • Access to IRAs and Some Cryptocurrencies: With access to traditional, Roth, and rollover IRAs, investors can also prepare for their retirement within Webull.
  • Platform Access Before Signing Up: People are able to access the platform and practice using the tools offered before ever signing up for an account. This is a highly popular feature as it allows investors to explore the platform before offering personal information.
  • 24/7 Customer Support + Phone Number: Many new trading platforms lack in their customer support as it can be quite costly. Webull offers full 24/7 hour customer support.
  • Tiered Pricing for Margin Trading: On accounts less that $25,000, commission fees for Webull are 6.99%, but for larger accounts, members will find more affordable rates.
Debit BalanceAnnual Margin Rate
25,0006.99%
25,000.01 - 100,0006.49%
100,000.01 - 250,0005.99%
250,000.01 - 500,0005.49%
500,000.01 - 1,000,0004.99%
1,000,000.01 - 3,000,0004.49%
>3,000,000.013.99%

Webull, like Moomoo, offers investors full extended trading hours. Level 2 market data is also offered to investors, but in Webull they do have a monthly subscription required for $1.99 a month. Real time quotes are also made available to investors for free when trading stocks. (With options, real time quotes are offered for $2.99 a month, though this can be waived by making one options trade per month.)

webull paper trade

 

How to Start Investing with Webull?

Creating an account with Webull is simple. Because they offer multiple brokerage accounts, the first step will be choosing which type of brokerage you would like to open. After choosing a brokerage type, the signup process is similar to other brokerage account. Investors will need to supply personal information such as name, phone, email, address, birth date, SSN, and a driver's license. Signing up with Webull can be done in a few minutes. Account approval generally takes less than a day.

Moomoo vs Webull: Final Thoughts

Moomoo vs Webull share many similarities and are both equipped to give investors a singular place for their investing needs. With slights differences in their charting and other resources, investors should explore platforms to see which one is best suited for them.

Investors interested in gaining access to Asian Markets may be more interested in Moomoo. While investors that would like to link a retirement account may find Webull best for them. Webull also allows users to explore their app before ever signing up for account.

Both of these trading platforms are relatively young and have incredible opportunity, though they are already both great trading platforms today.

moomoo vs webull featured image
Article written by Sam Pennington

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